Baptist Church Loan Corporation 
The information on this page was last updated 1/11/2023. 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: Gary Miller
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 has been providing churches with loans for the following purposes for nearly 70 years:
New Construction - We offer interest-only payments during construction and guidance regarding the ins and outs of the construction process.
Remodel Projects - Renovations are vital in keeping churches relevant and adaptive. BCLC funds various types of remodeling projects, from roof replacements to sanctuary overhauls.
Loan Refinancing - Whether your church is seeking to refinance on its own accord or your existing lender is requiring a refinance, BCLC would be glad to review an appliation and share about our loan projects.
Property Purchases - We support both raw land purchases and existing building purchases.
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
Transparency grade
A
To understand our transparency grade, click here.
Financial efficiency ratings
Sector: Evangelism Support
| Category | Rating | Overall rank | Sector rank |
| Overall efficiency rating | | 902 of 1096 | 26 of 35 |
| Fund acquisition rating | | 495 of 1098 | 17 of 35 |
| Resource allocation rating | | 718 of 1098 | 21 of 35 |
| Asset utilization rating | | 1092 of 1096 | 35 of 35 |
Financial ratios
| Funding ratios | Sector median | 2022 | 2021 | 2020 | 2019 | 2018 |
Return on fundraising efforts Return on fundraising efforts = Fundraising expense / Total contributions | 5% | 0% | 0% | 0% | 0% | 0% |
Fundraising cost ratio Fundraising cost ratio = Fundraising expense / Total revenue | 5% | 0% | 0% | 0% | 0% | 0% |
Contributions reliance Contributions reliance = Total contributions / Total revenue | 98% | 0% | 0% | 0% | 0% | 0% |
Fundraising expense ratio Fundraising expense ratio = Fundraising expense / Total expenses | 5% | 0% | 0% | 0% | 0% | 0% |
Other revenue reliance Other revenue reliance = Total other revenue / Total revenue | 2% | 100% | 100% | 100% | 100% | 100% |
| Operating ratios | Sector median | 2022 | 2021 | 2020 | 2019 | 2018 |
Program expense ratio Program expense ratio = Program services / Total expenses | 84% | 82% | 89% | 92% | 91% | 91% |
Spending ratio Spending ratio = Total expenses / Total revenue | 91% | 47% | 60% | 68% | 60% | 62% |
Program output ratio Program output ratio = Program services / Total revenue | 78% | 38% | 54% | 62% | 55% | 57% |
Savings ratio Savings ratio = Surplus (deficit) / Total revenue | 9% | 53% | 40% | 32% | 40% | 38% |
Reserve accumulation rate Reserve accumulation rate = Surplus (deficit) / Net assets | 8% | 3% | 2% | 2% | 3% | 2% |
General and admin ratio General and admin ratio = Management and general expense / Total expenses | 10% | 18% | 11% | 8% | 9% | 9% |
| Investing ratios | Sector median | 2022 | 2021 | 2020 | 2019 | 2018 |
Total asset turnover Total asset turnover = Total expenses / Total assets | 1.09 | 0.02 | 0.03 | 0.03 | 0.03 | 0.02 |
Degree of long-term investment Degree of long-term investment = Total assets / Total current assets | 1.27 | 12.56 | 17.22 | 26.57 | 66.75 | 39.05 |
Current asset turnover Current asset turnover = Total expenses / Total current assets | 1.44 | 0.23 | 0.44 | 0.82 | 1.77 | 0.91 |
| Liquidity ratios | Sector median | 2022 | 2021 | 2020 | 2019 | 2018 |
Current ratio Current ratio = Total current assets / Total current liabilities | 41.78 | 41.78 | 23.91 | 16.27 | 4.44 | 4.85 |
Current liabilities ratio Current liabilities ratio = Total current liabilities / Total current assets | 0.02 | 0.02 | 0.04 | 0.06 | 0.23 | 0.21 |
Liquid reserve level Liquid reserve level = (Total current assets - Total current liabilities) / (Total expenses / 12) | 7.21 | 51.58 | 26.31 | 13.76 | 5.26 | 10.42 |
| Solvency ratios | Sector median | 2022 | 2021 | 2020 | 2019 | 2018 |
Liabilities ratio Liabilities ratio = Total liabilities / Total assets | 3% | 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 | 83% | 4299% | 2829% | 2069% | 2378% | 2604% |
Financials
| Balance sheet | |||||
| Assets | 2022 | 2021 | 2020 | 2019 | 2018 |
| 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 |
| Liabilities | 2022 | 2021 | 2020 | 2019 | 2018 |
| 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 assets | 2022 | 2021 | 2020 | 2019 | 2018 |
| 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 | |||||
| Revenue | 2022 | 2021 | 2020 | 2019 | 2018 |
| 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 |
| Expenses | 2022 | 2021 | 2020 | 2019 | 2018 |
| 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 assets | 2022 | 2021 | 2020 | 2019 | 2018 |
| 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
| Name | Title | Compensation |
| Gerald R James Jr | President/CEO | $342,811 |
| Bob Gage | Senior Vice President | $254,072 |
| Landon Yeager | Chief Financial Officer | $216,828 |
| Marissa Kane | Secretary | $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 1/11/2023. To update the information below, please email: [email protected]
History
Program accomplishments
BCLC has processed over $1 billion in loan requests from Baptist churches since it was started in 1952.
BCLC is a non-profit, self supporting corporation. All of BCLC's corporate officers are members of Baptist churches.
BCLC, based upon capital adequacy ratios, is at least five times stronger than most commercial banks.
BCLC estimates that there are approximately 175,000 per week worshipping in BCLC financed church facilities.