Overview
What is South Carolina Community Loan Fund?
South Carolina Community Loan Fund, abbreviated as SCCLF, is a nonprofit organization based in Charleston, South Carolina. As a U.S. Treasury certified Community Development Financial Institution (CDFI), SCCLF's mission is to promote equitable access to capital, thereby benefiting underserved communities and individuals in need of economic opportunities. Through its community facility loans, SCCLF offers financing up to $1 million for various development costs, such as acquisition, pre-development, infrastructure, construction, rehabilitation, and permanent financing. The organization has supported the construction and renovation of community facilities, including recreation centers, daycare centers, healthcare centers, senior centers, charter schools, homeless shelters, and transitional housing, in underprivileged South Carolina communities. In 2022, SCCLF made eight loans totaling $3.8 million to community facilities across the state. With a workforce of 22 employees, SCCLF continues to contribute to the thriving and prosperous development of South Carolina communities.
Official website here: www.sccommunityloanfund.org
Is South Carolina Community Loan Fund legitimate?
South Carolina Community Loan Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. South Carolina Community Loan Fund submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Here are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,284,462
For more financial information, click here
Official website here: www.sccommunityloanfund.org
What is the mission statement of South Carolina Community Loan Fund?
The South Carolina Community Loan Fund (SCCLF) serves as a U.S. Treasury certified Community Development Financial Institution (CDFI). Its mission is to promote equitable access to capital, offering loans, technical assistance, and advocacy. This is done to support affordable housing, healthy food initiatives, community facilities, and community business enterprises. The aim is to foster thriving, prosperous, and economically resilient communities for all South Carolinians, benefiting those most in need of economic opportunities.
Official website here: www.sccommunityloanfund.org
Who is the CEO of South Carolina Community Loan Fund?
Nathaniel Barber is the Chief Executive Officer of South Carolina Community Loan Fund. The CEO's salary of South Carolina Community Loan Fund is $165,500 and their total compensation is $172,130.
Official website here: www.sccommunityloanfund.org
What is the revenue of South Carolina Community Loan Fund?
South Carolina Community Loan Fund's revenue in 2022 was $3,563,181.
Official website here: www.sccommunityloanfund.org
Who are the executives of South Carolina Community Loan Fund and what are their salaries?
The average compensation at South Carolina Community Loan Fund during 2022 was $58,385. There are 22 employees and 17 volunteers at South Carolina Community Loan Fund.
Here are 20 key members and their salaries (South Carolina Community Loan Fund's CEO's salary is $165,500 and their total compensation is $172,130):
- Deborah Mcketty (President)
- Nathaniel Barber (Chief Executive Officer)
- Nancy Leon (Chief Financial Officer)
- Dorothea Bernique (Member) [Trustee/Director]
- Shauna Cooper (Member) [Trustee/Director]
- Drew Harrison (Member) [Trustee/Director]
- Shaunte Evans (Member) [Trustee/Director]
- Walter Gayle (Member) [Trustee/Director]
- Cortney Nick (Member) [Trustee/Director]
- Andy Hewitt (Member) [Trustee/Director]
- Martin Livingston (Member) [Trustee/Director]
- Nathan Harrison (Member) [Trustee/Director]
- Adolphus Johnson (Member) [Trustee/Director]
- Corey Mcclary (Member) [Trustee/Director]
- Michael Mansson (Member) [Trustee/Director]
- Elizabeth Smith (At Large) [Trustee/Director]
- Thomas Anderson (Chair)
- Torrey Rush (Vice Chair)
- Sedrick Mccallum (Treasurer)
- Quinetha Frasier (Secretary)
Official website here: www.sccommunityloanfund.org
Where can I find the form 990 for South Carolina Community Loan Fund?
The South Carolina Community Loan Fund’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.sccommunityloanfund.org
Learn more at the official website: www.sccommunityloanfund.org
Mission Statement of South Carolina Community Loan Fund
South Carolina Community Loan Fund, abbreviated as SCCLF, is a dedicated institution with a mission to promote equitable access to capital. Acting as a U.S. Treasury-certified Community Development Financial Institution (CDFI), SCCLF focuses on providing loans, technical assistance, and advocacy. Their mission is centered around supporting affordable housing, promoting healthy food options, enhancing community facilities, and fostering community business enterprises. By doing so, SCCLF aims to create thriving, prosperous, and economically resilient communities for all South Carolinians. Their efforts are instrumental in bridging the gap for those in need of economic opportunities, ultimately contributing to the betterment of the communities they serve.
Impact
This information is meant to be a general summary of South Carolina Community Loan Fund. Please take the time to review official sources before making any decisions based upon the content provided here.
Saturday, July 20, 2024
South Carolina Community Loan Fund advances equitable access to capital to build assets and benefit the communities and people most in need of economic opportunity. In 2022, SCCLF made 8 loans totaling $3.8 million to community facilities located throughout the state of South Carolina. They provide loans for a variety of community facilities including recreation centers, day care centers, health care centers, senior centers, charter schools, homeless shelters, and transitional housing in underserved communities. By providing financial support to these vital community assets, SCCLF plays a significant role in promoting economic resilience and prosperity for all South Carolinians.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOAN INTEREST AND FEES
Revenue
$2,207,300
Organization Details
Founding Year
2003
Phone
(843) 973-7285
Principal Officer
Nathaniel Barber
Main Address
1051 GARDNER ROAD SUITE A, CHARLESTON, SC, 29407
Website
www.sccommunityloanfund.org
NTEE Category
Code: L99 - Housing
If you are a representative of South Carolina Community Loan Fund and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.