Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Aug 1996.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
69 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
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Who runs it and what they're paid
14 people listed on the 990; $164K paid to officers and key staff.
Jaime Arroyo’s $98K as CEO is at the 18th percentile of top reported officer pay among 2832 $1–10M community development nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 3 named individuals · Part VII
| Name | FY2025 | FY2024 | FY2023 | FY2021 |
|---|---|---|---|---|
| Jaime Arroyo | $97,721 | $93,460 | $43,375 | — |
| Tina Campbell | — | — | — | $80,583 |
| Andres Zorilla | $66,671 | — | — | — |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
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Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2No
- Top official's pay set by an independent reviewPt VI · Ln 15aYes
Programs and updates
Builds vibrant communities by creating economic opportunity and fostering entrepreneurial leadership to alleviate poverty.
Questions for Assets Lancaster
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Assets lancaster offers microenterprise development through training and lending services for microenterprises. Assets lancaster's micro-lending is designed to provide small amounts of working capital to business entrepreneurs. The loans will typically range between 10,000 and 20,000.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2025 990, line by line.
Download 990
| Line | Start FY25 | End FY25 |
|---|---|---|
| Cash and savingsLn 1–2 | $923K | $431K |
| Land, buildings, equipmentLn 10c | $268K | $233K |
| Total assetsLn 16 | $1.8M | $1.1M |
| LiabilitiesLn 26 | $1.2M | $985K |
| Net assetsLn 32 | $627K | $126K |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic individualsLn 2 | $155K | $155K | ||
| Pay of current officers, directors and key staffLn 5 | $164K | $115K | $33K | $16K |
| Other salaries and wagesLn 7 | $715K | $500K | $143K | $71K |
| Pension plan contributionsLn 8 | $24K | $17K | $5K | $2K |
| Other employee benefitsLn 9 | $146K | $102K | $29K | $15K |
| Payroll taxesLn 10 | $78K | $55K | $16K | $8K |
| Legal feesLn 11b | $525 | $367 | $105 | $53 |
| Accounting feesLn 11c | $18K | $12K | $4K | $2K |
| Other fees for servicesLn 11g | $45K | $32K | $9K | $5K |
| Office expensesLn 13 | $36K | $36K | $174 | |
| OccupancyLn 16 | $111K | $111K | ||
| InterestLn 20 | $7K | $7K | ||
| Depreciation, depletion and amortizationLn 22 | $49K | $49K | ||
| InsuranceLn 23 | $9K | $6K | $2K | $868 |
| Other expenses (24a–d)Ln 24 | $166K | $153K | $2K | $11K |
| All other expensesLn 24e | $25K | $13K | $3K | $9K |
| Total functional expensesLn 25 | $1.7M | $1.2M | $405K | $140K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest Viewing | $1.2M | $1.7M | −$568K | $126K | 990 PDF |
| FY2024 | $1.4M | $1.5M | −$119K | $627K | 990 PDF |
| FY2023 | $973K | $1.4M | −$441K | $746K | 990 PDF |
| FY2022 | $1.5M | $1.4M | $103K | $1.2M | 990 PDF |
| FY2021 | $2.8M | $2.3M | $462K | $1.1M | 990 PDF |
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Schedules filed Part IV
See the full FY2025 990 (6 parts)
Part I · Summary $1,179,972 revenue, 12 lines filed
Part VI · Governance 12 of 13 board members independent, no flags
Part VIII · Statement of revenue $1,179,972 across 6 lines filed
Part IX · Statement of functional expenses $1,747,585 across 16 lines filed
Part X · Balance sheet $1,111,040 assets, 17 lines filed
Part XI · Reconciliation of net assets $126,453 net assets at year end
Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File
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