Overview
What is Vermont Community Loan Fund?
Vermont Community Loan Fund is a mission-driven, community-focused alternative lender situated in Montpelier, Vermont. The organization provides loans to local businesses, community organizations, nonprofits, childcare providers, and developers of affordable housing who may not meet the criteria for traditional lenders. Alongside financial aid, they offer consulting and business development services to empower their borrowers with the necessary tools for success. The primary objective of Vermont Community Loan Fund is to foster opportunities that contribute to thriving communities and financial stability for all Vermonters. With a team of 25 dedicated individuals, they strive to make a positive impact on their community.
Official website here: www.vclf.org
Is Vermont Community Loan Fund legitimate?
Vermont Community Loan Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Vermont 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: $196,692
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,084,650
For more financial information, click here
Official website here: www.vclf.org
What is the mission statement of Vermont Community Loan Fund?
The Vermont Community Loan Fund, being a mission-driven and community-focused alternative lender, aims to create opportunities that foster healthy communities and financial stability for all Vermonters. The organization extends loans to local businesses, community organizations, nonprofits, childcare providers, and developers of affordable housing who may not qualify for financing from traditional lenders. To ensure their borrowers' success, the Loan Fund combines its loans with financial consulting and business development services, providing them with all the necessary tools to thrive.
Official website here: www.vclf.org
Who is the CEO of Vermont Community Loan Fund?
William Belongia is the Executive Di of Vermont Community Loan Fund.
Official website here: www.vclf.org
What is the revenue of Vermont Community Loan Fund?
Who are the executives of Vermont Community Loan Fund and what are their salaries?
The average compensation at Vermont Community Loan Fund during 2022 was $51,254. There are 25 employees at Vermont Community Loan Fund.
Here are 15 key members and their salaries:
- William Belongia (Executive Di)
- Jake Ide (Employee)
- Katherine Nelson (Employee)
- Dr Asma Ali Abunaib (Member) [Trustee/Director]
- Jose Aguayo (Member) [Trustee/Director]
- Arne Hammarlund (Secretary) [Trustee/Director]
- Kim Keiser (Member) [Trustee/Director]
- Chloe Learey (Member) [Trustee/Director]
- Jim Maland (Member) [Trustee/Director]
- Ira Marvin (Member) [Trustee/Director]
- Matthew Plasse (Member) [Trustee/Director]
- Gwen Pokalo (Vice Preside) [Trustee/Director]
- Janet Spitler (President) [Trustee/Director]
- Michael Thompson (Member) [Trustee/Director]
- Stephanie Wernhoff (Treasurer) [Trustee/Director]
Official website here: www.vclf.org
Where can I find the form 990 for Vermont Community Loan Fund?
The Vermont Community Loan Fund’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.vclf.org
Learn more at the official website: www.vclf.org
Mission Statement of Vermont Community Loan Fund
Vermont Community Loan Fund, a mission-driven organization, is committed to creating opportunities that foster healthy communities and financial stability for all Vermonters. The nonprofit operates as an alternative lender, providing loans to local businesses, community organizations, nonprofits, childcare providers, and developers of affordable housing. These entities often struggle to secure financing from traditional lenders. In addition to offering loans, Vermont Community Loan Fund also provides financial consulting and business development services to ensure their borrowers have all the necessary tools to succeed. By combining loans with these additional resources, the organization aims to empower its borrowers and contribute to the betterment of Vermont's communities.
Impact
This information is meant to be a general summary of Vermont Community Loan Fund. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
Vermont Community Loan Fund creates opportunities that lead to healthy communities and financial stability for all Vermonters. By providing loans to local businesses, community organizations, child care providers, and affordable housing developers who may not qualify for traditional loans, the organization plays a vital role in supporting the economic growth and well-being of Vermont communities. Additionally, Vermont Community Loan Fund offers financial consulting and business development services to ensure that borrowers have access to the necessary tools for success. Overall, the impact of Vermont Community Loan Fund extends beyond just providing financial support, as it contributes to the overall health and stability of communities across the state.
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
Revenue
$1,506,154
FINANCING CHARGES
Revenue
$89,015
ADMIN FEE INCOME
Revenue
$24,515
Organization Details
Founding Year
1987
Phone
(802) 223-1448
Principal Officer
William Belongia
Main Address
PO BOX 827, MONTPELIER, VT, 05601
Website
www.vclf.org
NTEE Category
Code: L210 - Housing
If you are a representative of Vermont 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.