Baptist Church Loan Corporation

The information in this column was provided to MinistryWatch by the ministry itself. It was last updated 5/10/2021. To update the information in this column, please email: info@ministrywatch.com


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: loanprocessing@baptistchurchloan.org


Organization details

EIN: 751439170

CEO/President: Gerald R. James, Jr.

Chairman: Gary Miller

Board size: 12

Founder:

Year founded: 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.

Transparency grade

A

To understand our transparency grade, click here.


Financial efficiency ratings

Sector: Evangelism Support

CategoryRatingOverall rankSector rank
Overall efficiency rating529 of 89429 of 51
Fund acquisition rating408 of 89426 of 51
Resource allocation rating190 of 89414 of 51
Asset utilization rating892 of 89450 of 51

Financial ratios

Funding ratiosSector median20202019201820172016
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
4%0%0%0%0%0%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
97%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
3%100%100%100%100%100%
 
Operating ratiosSector median20202019201820172016
Program expense ratio Program expense ratio =
Program services /
Total expenses
84%92%91%91%90%90%
Spending ratio Spending ratio =
Total expenses /
Total revenue
95%68%60%62%57%56%
Program output ratio Program output ratio =
Program services /
Total revenue
79%62%55%57%52%51%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
5%32%40%38%43%44%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
5%2%3%2%2%2%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
10%8%9%9%10%10%
 
Investing ratiosSector median20202019201820172016
Total asset turnover Total asset turnover =
Total expenses /
Total assets
1.330.030.030.020.020.02
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
1.3026.5766.7539.0512.9933.10
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
2.130.821.770.910.280.69
 
Liquidity ratiosSector median20202019201820172016
Current ratio Current ratio =
Total current assets /
Total current liabilities
18.8016.274.444.852.731.76
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.040.060.230.210.370.57
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
5.1713.765.2610.4227.567.56
 
Solvency ratiosSector median20202019201820172016
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
5%36%37%39%29%33%
Debt ratio Debt ratio =
Debt /
Total assets
0%36%37%39%26%31%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
72%2069%2378%2604%3356%3247%

Financials

Balance sheet
 
Assets20202019201820172016
Cash$6,110,176$2,079,175$3,983,288$10,794,618$4,162,691
Receivables, inventories, prepaids$504,054$524,909$485,170$421,263$395,698
Short-term investments$0$0$0$0$0
Other current assets$0$0$0$0$0
Total current assets$6,614,230$2,604,084$4,468,458$11,215,881$4,558,389
Long-term investments$5,094,000$1,022,712$1,000,000$0$0
Fixed assets$130,539$119,404$142,320$207,983$224,949
Other long-term assets$163,892,597$170,077,365$168,890,437$134,306,782$146,110,904
Total long-term assets$169,117,136$171,219,481$170,032,757$134,514,765$146,335,853
Total assets$175,731,366$173,823,565$174,501,215$145,730,646$150,894,242
 
Liabilities20202019201820172016
Payables and accrued expenses$406,572$586,751$922,021$4,105,143$2,588,027
Other current liabilities$0$0$0$0$0
Total current liabilities$406,572$586,751$922,021$4,105,143$2,588,027
Debt$63,313,651$63,824,495$67,227,320$37,725,874$46,723,557
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$0$0$0$0$0
Total long-term liabilities$63,313,651$63,824,495$67,227,320$37,725,874$46,723,557
Total liabilities$63,720,223$64,411,246$68,149,341$41,831,017$49,311,584
 
Net assets20202019201820172016
Unrestricted$0$109,412,319$106,351,874$103,899,629$101,582,658
Temporarily restricted$0$0$0$0$0
Permanently restricted$0$0$0$0$0
Net assets$112,011,143$109,412,319$106,351,874$103,899,629$101,582,658
 
Revenues and expenses
 
Revenue20202019201820172016
Total contributions$0$580$100$0$0
Program service revenue$7,927,596$7,622,044$6,525,016$5,386,030$5,514,945
Membership dues$0$0$0$0$0
Investment income$84,656$39,404$11,056$26,845$23,098
Other revenue$0$0$0$0$0
Total other revenue$8,012,252$7,661,448$6,536,072$5,412,875$5,538,043
Total revenue$8,012,252$7,662,028$6,536,172$5,412,875$5,538,043
 
Expenses20202019201820172016
Program services$4,990,788$4,208,036$3,724,506$2,794,087$2,807,766
Management and general$422,640$393,546$359,420$301,818$320,527
Fundraising$0$0$0$0$0
Total expenses$5,413,428$4,601,582$4,083,926$3,095,905$3,128,293
 
Change in net assets20202019201820172016
Surplus (deficit)$2,598,824$3,060,446$2,452,246$2,316,970$2,409,750
Other changes in net assets$0$0$0$0$0
Total change in net assets$2,598,824$3,060,446$2,452,246$2,316,970$2,409,750

Compensation

NameTitleCompensation
Gerald R James JrPresident/CEO$309,020
Bob GageSenior Vice President$224,279
Landon YeagerSVP/Finance & Administrati$181,464
Chris EmeryVice President$174,637
Marissa KaneSecretary$62,700

Compensation data as of: 6/30/2020


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 5/10/2021. To update the information below, please email: info@ministrywatch.com


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.


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