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Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Revenue    
Interest income $ 6,776 $ 6,526
Interest expense (674) (520)
Net interest income 6,102 6,006
Late fees 31 40
Gain on sale, loans 9 40
Total revenue, net 6,142 6,086
Provision for loan losses 0 0
Operations expense    
Mortgage servicing fees to Redwood Mortgage Corp. 177 193
Asset management fees to Redwood Mortgage Corp. 510 552
Costs from Redwood Mortgage Corp., net (Note 3) 360 348
Professional services 1,264 897
Other 23 38
Total operations expense 2,334 2,028
Net income 3,808 4,058
Members (99%) 3,770 4,018
Manager (1%) $ 38 $ 40