Overview
What is Community Loan Fund Of The Capital Region Inc?
Community Loan Fund of the Capital Region Inc is a community development financial institution situated in Albany, New York, at 255 Orange Street. Their primary mission is to link socially concerned investors with community needs by providing affordable housing, community, and economic development loans to nonprofit organizations, small businesses, and low-moderate income individuals. With a team of 16 employees, they offer technical assistance to further support their mission, aiming to foster economic growth and improve living conditions within the community.
Official website here: www.mycommunityloanfund.org
Is Community Loan Fund Of The Capital Region Inc legitimate?
Community Loan Fund Of The Capital Region Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Community Loan Fund Of The Capital Region 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: $113,453
Professional Fundraising Fees: $0
Other Salaries and Wages: $653,077
For more financial information, click here
Official website here: www.mycommunityloanfund.org
What is the mission statement of Community Loan Fund Of The Capital Region Inc?
The Community Loan Fund of the Capital Region Inc. serves as a Community Development Financial Institution, connecting socially-minded investors with community needs. They achieve this by providing affordable housing, community, and economic development loans to nonprofit organizations, small businesses, and low/moderate income individuals. Their mission is to promote growth and development within their community by offering both loans and technical assistance. This support is extended to nonprofit organizations, social enterprises, small businesses, micro enterprises, and low-income individuals, aiming to foster sustainable development and economic opportunities.
Official website here: www.mycommunityloanfund.org
Who is the CEO of Community Loan Fund Of The Capital Region Inc?
Linda Macfarlane is the Executive Di of Community Loan Fund Of The Capital Region Inc.
Official website here: www.mycommunityloanfund.org
What is the revenue of Community Loan Fund Of The Capital Region Inc?
Community Loan Fund Of The Capital Region Inc's revenue in 2022 was $2,396,345.
Official website here: www.mycommunityloanfund.org
Who are the executives of Community Loan Fund Of The Capital Region Inc and what are their salaries?
The average compensation at Community Loan Fund Of The Capital Region Inc during 2022 was $47,908. There are 16 employees at Community Loan Fund Of The Capital Region Inc.
Here are 13 key members and their salaries:
- Linda Macfarlane (Executive Di)
- David Craft (Director)
- Bryce Cutler (Director)
- Eric Dahl (Director)
- Damonni Farley (Director)
- Trent Griffin-Braaf (Director)
- Patrick Gunty (Vice Preside) [Trustee/Director]
- Tanya Hull (Director)
- Isaac Matzner (Director)
- Karen Maxwell (Secretary) [Trustee/Director]
- Benjamin Oevering (Director)
- Elizabeth Rodriguez (Treasurer) [Trustee/Director]
- John Staugaitis (President) [Trustee/Director]
Official website here: www.mycommunityloanfund.org
Where can I find the form 990 for Community Loan Fund Of The Capital Region Inc?
The Community Loan Fund Of The Capital Region Inc’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.mycommunityloanfund.org
Learn more at the official website: www.mycommunityloanfund.org
Mission Statement of Community Loan Fund Of The Capital Region Inc
Community Loan Fund of the Capital Region Inc serves as a bridge between socially conscious investors and community needs. This community development financial institution (CDFI) achieves this by providing affordable housing, community, and economic development loans to nonprofit organizations, small businesses, and low/moderate income individuals. The mission of Community Loan Fund of the Capital Region Inc is to connect investors with community needs, fostering growth and development in the process. By offering financial support and technical assistance, this nonprofit organization empowers a diverse range of entities, from nonprofits to social enterprises and low-moderate income individuals, to thrive and contribute positively to their communities.
Impact
This information is meant to be a general summary of Community Loan Fund Of The Capital Region Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
Community Loan Fund Of The Capital Region Inc's impact is significant in providing community and economic development loans and technical assistance to organizations, social enterprises, small businesses, micro-enterprises, and low to moderate-income individuals in Albany, NY. By linking socially concerned investors with community needs, the organization facilitates access to affordable housing, supports community development projects, and fosters economic growth. Through its activities, the Community Loan Fund Of The Capital Region Inc plays a vital role in enhancing the well-being of the community and contributing to its overall prosperity.
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.
INTEREST & FEES ON LOANS
Revenue
$633,686
ACES MANAGEMENT FEE
Revenue
$18,000
TRAINING
Revenue
$12,372
Organization Details
Founding Year
1985
Phone
(518) 436-8586
Principal Officer
Linda Macfarlane
Main Address
255 ORANGE STREET, ALBANY, NY, 12210
Website
www.mycommunityloanfund.org
NTEE Category
Code: L80J - Housing
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