Organizations Filed Purposes:
RURAL DEVELOPMENT LOANS
IMPACT ACCEPTANCE CORPORATION (THE CORPORATION) WAS FORMED TO BE AN INTERMEDIARY IN ORDER TO ADMINISTER A LOAN FROM THE INTERMEDIARY RELENDING PROGRAM (IRP) OF RURAL DEVELOPMENT. THE IRP IS A PROGRAM OPERATED INTERMEDIARY WHEREBY THE INTERMEDIARY USES LOAN FUNDS RECEIVED FROM RURAL DEVELOPMENT, ALONG WITH ANY OTHER AVAILABLE FUNDS, TO MAKE LOANS TO ULTIMATE RECIPIENTS. RELENDING PROGRAMS WILL NORMALLY ESTABLISH REVOLVING FUNDS SO THAT INCOME FROM LOANS MADE TO ULTIMATE RECIPIENTS, IN EXCESS OF NECESSARY OPERATING EXPENSES AND DEBT PAYMENTS, WILL BE USED TO MAKE ADDITIONAL LOANS TO ULTIMATE RECIPIENTS. AT THE END OF 2019, THE ORGANIZATION HAD 16 LOANS RECEIVABLE TOTALING $1,035,507.
Executives Listed on Filing
Total Salary includes financial earnings, benefits, and all related organization earnings listed on tax filing
| Name | Title | Hours Per Week | Total Salary |
|---|
| Caroline Loyas | VICE PRESIDENT | 1 | $0 |
| Paul Gunther | SECRETARY/TREASURER (OUTGOING) | 1 | $0 |
| Terra Pawliuk-Mcgiffin | SECRETARY/TREASURER | 1 | $0 |
| Brett Gerber | PRESIDENT/CEO | 1 | $0 |
Data for this page was sourced from XML published by IRS (
public 990 form dataset) from:
https://s3.amazonaws.com/irs-form-990/202023189349304687_public.xml