Bluehub Loan Fund Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 222593378 ✦ Boston, MA ✦ Designated as a 501(c)(3)

Overview

What is Bluehub Loan Fund Inc?

Bluehub Loan Fund Inc is a nonprofit organization specialized in community lending. Their mission revolves around providing financial assistance and support to communities. While specifics about their name, location, or employee count aren't mentioned in the given information, it is known that they focus on this area of work. By extending loans, they contribute to the economic growth and development of the communities they serve.


Official website here: www.bluehubcapital.org

Is Bluehub Loan Fund Inc legitimate?

Bluehub Loan Fund Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Bluehub Loan Fund Inc 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: $853,490
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,261,588

For more financial information, click here


Official website here: www.bluehubcapital.org

What is the mission statement of Bluehub Loan Fund Inc?

Bluehub Loan Fund Inc is dedicated to community lending. Their mission is to extend financial assistance to individuals and businesses within their community, aiming to promote economic growth and development. Through providing accessible financing options, they strive to help build and strengthen local economies. Additionally, they offer flexible loan terms and personalized customer service to accommodate a diverse range of borrowing needs. By fostering financial inclusion, they contribute to the overall well-being and prosperity of the communities they serve.


Official website here: www.bluehubcapital.org

Who is the CEO of Bluehub Loan Fund Inc?

Lisa Zappala is the Ceo & Ex-Officio Board Member of Bluehub Loan Fund Inc. The CEO's salary of Bluehub Loan Fund Inc is $159,627 and their total compensation is $1,007,926.


Official website here: www.bluehubcapital.org

What is the revenue of Bluehub Loan Fund Inc?

Bluehub Loan Fund Inc's revenue in 2022 was $22,068,331.


Official website here: www.bluehubcapital.org

Who are the executives of Bluehub Loan Fund Inc and what are their salaries?

The average compensation at Bluehub Loan Fund Inc during 2022 was $62,302. There are 50 employees and 9 volunteers at Bluehub Loan Fund Inc.

Here are 19 key members and their salaries (Bluehub Loan Fund Inc's CEO's salary is $159,627 and their total compensation is $1,007,926):

    Elyse Cherry (Ceo & Ex-Officio Board Member) [Trustee/Director]
  • Compensation: $159,627
  • Related: $638,507
  • Other: $209,792

    • Dewitt Jones (Executive Vp & Ex-Officio) [Trustee/Director]
  • Compensation: $0
  • Related: $352,707
  • Other: $136,548

    • Lisa Zappala (Cfo)
  • Compensation: $92,114
  • Related: $214,932
  • Other: $109,828

    • Michael Nilles (Interim President, Loan Fund & Ex-Officio Board) [Trustee/Director]
  • Compensation: $277,073
  • Related: $0
  • Other: $48,554

    • E Matthew Gautieri (Svp, Controller)
  • Compensation: $60,954
  • Related: $182,862
  • Other: $55,224

    • Andrew Koh (Svp, Operations)
  • Compensation: $0
  • Related: $215,611
  • Other: $64,137

    • Kathryn Mchugh (Svp, Commercial Lending)
  • Compensation: $223,889
  • Related: $0
  • Other: $39,086

    • Jaime Escott (Svp, Digital Marketing, Opa)
  • Compensation: $0
  • Related: $238,710
  • Other: $15,203

    • Lubna Elia (Chief Administrative Officer)
  • Compensation: $0
  • Related: $231,098
  • Other: $16,968

    • Michelle Volpe (President, Loan Fund (Until 4/22) & Ex-Officio Boa) [Trustee/Director]
  • Compensation: $126,776
  • Related: $0
  • Other: $106,440

    • Charles Clark (Chairman Of The Board) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Rev James Walsh Sj (Clerk Of The Board) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Sarah C Lincoln (Treasurer Of The Board) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Edward Dugger Iii (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Julie Gould (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Maria Maffei (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Victor R Rivera (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Mercedes Tompkins (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Reese Fayde (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.bluehubcapital.org

    Where can I find the form 990 for Bluehub Loan Fund Inc?

    The Bluehub Loan Fund Inc’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.bluehubcapital.org

    Learn more at the official website: www.bluehubcapital.org

    Mission Statement of Bluehub Loan Fund Inc

    Bluehub Loan Fund Inc is a community lending organization dedicated to making a difference. With a mission to lend a helping hand, this nonprofit focuses on providing financial assistance to individuals and communities in need. Through its community lending activities, Bluehub Loan Fund Inc extends opportunities for growth and self-sufficiency.

    The organization's primary goal is to lend funds to eligible borrowers, enabling them to pursue their goals and improve their lives. Bluehub Loan Fund Inc's lending services cater to a diverse range of borrowers, providing flexible loan options tailored to individual needs. By offering accessible and affordable financing, this nonprofit empowers borrowers to invest in their futures and build stronger communities.

    Bluehub Loan Fund Inc stands out as a trusted partner in economic development. Its commitment to community lending goes beyond simply providing loans. The organization fosters long-term relationships with its borrowers, offering guidance, expertise, and support to help them succeed. Through its lending activities, Bluehub Loan Fund Inc helps create opportunities for economic stability and growth, contributing to the overall well-being of individuals and communities.

    Impact

    This information is meant to be a general summary of Bluehub Loan Fund Inc. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    Bluehub Loan Fund Inc's impact is significant in the field of community lending, particularly in Boston, MA. Through their efforts, they have played a crucial role in supporting community improvement initiatives by providing much-needed financial assistance to local projects and businesses. Their work has undoubtedly made a positive difference in the lives of individuals and the overall well-being of the community they serve.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $0
  • Program Service Revenue: $12,417,116
  • Gross Receipts: $22,068,331

    • Assets and Liabilities:
  • Total Assets: $289,989,268
  • Total Liabilities: $185,663,785
  • Net Assets: $104,325,483
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    INTEREST ON LOANS

    Revenue

    $11,200,394

    LOAN FEES AND OTHER

    Revenue

    $1,216,722

    Organization Details

    Founding Year

    1984

    Principal Officer

    Lisa Zappala

    Main Address

    10 MALCOLM X BOULEVARD GROUND FLOO, BOSTON, MA, 021193236

    NTEE Category

    Code: S31 - Community improvement

    If you are a representative of Bluehub Loan Fund Inc 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.