Baptist Church Loan Corporation

The information on this page was last updated 2/21/2024. If you see errors or omissions, please email: [email protected]


Summary

We help churches make good financial decisions. BCLC has been serving Baptist and like-minded churches through the ministry of finance for over 60 years. Our loan products give our customers the opportunity to have efficient and affordable church real estate loan options.

100% of BCLC's net interest proceeds are placed into BCLC's permanent fund, which is then used to lend to more churches, all around the nation.


Contact information

Mailing address:
Baptist Church Loan Corporation
8333 Douglas Ave
Suite 1460
Dallas, TX 75225

Website: bclcchurchlending.org

Phone: (844) 273-7713

Email: [email protected]


Organization details

EIN: 751439170

CEO/President: Gerald R. James, Jr.

Chairman: Bryan Rogers

Board size: 12

Founder:

Ruling year: 1959

Tax deductible: Yes

Fiscal year end: 06/30

Member of ECFA: Yes

Member of ECFA since: 2013


Purpose

BCLC's vision is to glorify God through our service to His churches.

BCLC's Mission Priorities: To focus on the long term spiritual and financial health of each church we consult. To provide our churches with straightforward terms, rate options, and underwriting guidelines. To serve as many churches as feasible, regardless of their size, longevity, or ethnicity.


Mission statement

BCLC's mission is to assist churches in their efforts to spread the gospel by providing affordable real estate related loans.


Statement of faith

We believe the Bible to be the inspired, infallible and authoritative word of God.

We believe in one God who exists eternally as Father, Son and Holy Spirit.

We believe in the full deity and the full humanity of Jesus Christ. We believe that eternal salvation and restored relationships are only possible through faith in Jesus Christ who died for us, rose from the dead, and is coming again. This salvation is offered to all people.

We believe that the church was instituted by Jesus Christ to be the people of God and is made up of all true believers regardless of race, gender, age or station in life.

We believe in the autonomy of the local church and the priesthood of all believers.

BCLC seeks to support and serve mission minded Baptist and non-Baptist churches who share these same affirmations of faith.

Donor confidence score

Show donor confidence score details

Transparency grade

A

To understand our transparency grade, click here.


Financial efficiency ratings

Sector: Evangelism Support

CategoryRatingOverall rankSector rank
Overall efficiency rating919 of 111025 of 35
Fund acquisition rating505 of 111117 of 35
Resource allocation rating717 of 111119 of 35
Asset utilization rating1106 of 111035 of 35

Financial ratios

Funding ratiosSector median20222021202020192018
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
6%0%0%0%0%0%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
6%0%0%0%0%0%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
99%0%0%0%0%0%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
6%0%0%0%0%0%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
1%100%100%100%100%100%
 
Operating ratiosSector median20222021202020192018
Program expense ratio Program expense ratio =
Program services /
Total expenses
84%82%89%92%91%91%
Spending ratio Spending ratio =
Total expenses /
Total revenue
97%47%60%68%60%62%
Program output ratio Program output ratio =
Program services /
Total revenue
83%38%54%62%55%57%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
3%53%40%32%40%38%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
3%3%2%2%3%2%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
12%18%11%8%9%9%
 
Investing ratiosSector median20222021202020192018
Total asset turnover Total asset turnover =
Total expenses /
Total assets
1.170.020.030.030.030.02
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
1.3312.5617.2226.5766.7539.05
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
1.690.230.440.821.770.91
 
Liquidity ratiosSector median20222021202020192018
Current ratio Current ratio =
Total current assets /
Total current liabilities
39.0341.7823.9116.274.444.85
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.030.020.040.060.230.21
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
6.5951.5826.3113.765.2610.42
 
Solvency ratiosSector median20222021202020192018
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
5%22%28%36%37%39%
Debt ratio Debt ratio =
Debt /
Total assets
0%22%28%36%37%39%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
79%4299%2829%2069%2378%2604%

Financials

Balance sheet
 
Assets20222021202020192018
Cash$11,630,346$8,835,121$6,110,176$2,079,175$3,983,288
Receivables, inventories, prepaids$432,915$438,259$504,054$524,909$485,170
Short-term investments$0$0$0$0$0
Other current assets$0$0$0$0$0
Total current assets$12,063,261$9,273,380$6,614,230$2,604,084$4,468,458
Long-term investments$10,140,083$10,120,559$5,094,000$1,022,712$1,000,000
Fixed assets$232,893$148,367$130,539$119,404$142,320
Other long-term assets$129,044,500$140,126,846$163,892,597$170,077,365$168,890,437
Total long-term assets$139,417,476$150,395,772$169,117,136$171,219,481$170,032,757
Total assets$151,480,737$159,669,152$175,731,366$173,823,565$174,501,215
 
Liabilities20222021202020192018
Payables and accrued expenses$288,753$387,892$406,572$586,751$922,021
Other current liabilities$0$0$0$0$0
Total current liabilities$288,753$387,892$406,572$586,751$922,021
Debt$33,426,746$44,623,218$63,313,651$63,824,495$67,227,320
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$0$0$0$0$0
Total long-term liabilities$33,426,746$44,623,218$63,313,651$63,824,495$67,227,320
Total liabilities$33,715,499$45,011,110$63,720,223$64,411,246$68,149,341
 
Net assets20222021202020192018
Without donor restrictions$117,765,238$114,658,042$112,011,143$109,412,319$106,351,874
With donor restrictions$0$0$0$0$0
Net assets$117,765,238$114,658,042$112,011,143$109,412,319$106,351,874
 
Revenues and expenses
 
Revenue20222021202020192018
Total contributions$0$0$0$580$100
Program service revenue$5,801,678$6,671,810$7,927,596$7,622,044$6,525,016
Membership dues$0$0$0$0$0
Investment income$44,789$27,637$84,656$39,404$11,056
Other revenue$0$0$0$0$0
Total other revenue$5,846,467$6,699,447$8,012,252$7,661,448$6,536,072
Total revenue$5,846,467$6,699,447$8,012,252$7,662,028$6,536,172
 
Expenses20222021202020192018
Program services$2,234,909$3,600,297$4,990,788$4,208,036$3,724,506
Management and general$504,361$452,251$422,640$393,546$359,420
Fundraising$0$0$0$0$0
Total expenses$2,739,270$4,052,548$5,413,428$4,601,582$4,083,926
 
Change in net assets20222021202020192018
Surplus (deficit)$3,107,197$2,646,899$2,598,824$3,060,446$2,452,246
Other changes in net assets$0$0$0$0$0
Total change in net assets$3,107,197$2,646,899$2,598,824$3,060,446$2,452,246

Compensation

NameTitleCompensation
Gerald R James JrPresident/CEO$342,811
Bob GageSenior Vice President$254,072
Landon YeagerChief Financial Officer$216,828
Marissa KaneSecretary$87,745

Compensation data as of: 6/30/2022


Response from ministry

No response has been provided by this ministry.


The information below was provided to MinistryWatch by the ministry itself. It was last updated 2/21/2024. To update the information below, please email: [email protected]


History


Program accomplishments

Over 57 million dollars funded to churches throughout the United States.

In 31 states

$2.4 million in mission support resulting in over 9,500 in church attendance


Needs