Overview
What is Economic And Community Development Institute?
The Economic and Community Development Institute (ECDI) is a nonprofit organization based in Columbus, Ohio. ECDI specializes in offering small business loans to entrepreneurs who face challenges in securing financing from traditional financial institutions. With a significant clientele consisting of women, minorities, and low-moderate income individuals, ECDI disbursed 333 loans totaling over $13.3 million during fiscal year 2022. By providing accessible capital and complementary small business development services, ECDI empowers disadvantaged entrepreneurs to build and expand their businesses, ultimately integrating them into the economic mainstream. The mission of ECDI is to invest in people and create measurable and lasting social and economic change.
Official website here: www.ecdi.org
Is Economic And Community Development Institute legitimate?
Economic And Community Development Institute is a legitimate nonprofit organization registered as a 501(c)(3) entity. Economic And Community Development Institute 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: $657,443
Professional Fundraising Fees: $0
Other Salaries and Wages: $4,214,669
For more financial information, click here
Official website here: www.ecdi.org
What is the mission statement of Economic And Community Development Institute?
The Economic and Community Development Institute (ECDI) is dedicated to making a measurable and lasting social and economic impact by investing in individuals. Through a multi-tiered approach, ECDI provides affordable capital and business development services to disadvantaged low-income and low-wealth entrepreneurs, enabling them to launch and expand their businesses and become part of the economic mainstream. ECDI's mission is accomplished through small business lending, offering loans ranging from $750 to $500,000 to entrepreneurs who face barriers in obtaining capital from traditional financial institutions. With a clientele consisting largely of women, minorities, and low-moderate income individuals, ECDI disbursed 333 loans worth over $13.3 million during fiscal year 2022.
Official website here: www.ecdi.org
Who is the CEO of Economic And Community Development Institute?
Inna Kinney is the Ceo of Economic And Community Development Institute. The CEO's salary of Economic And Community Development Institute is $341,460 and their total compensation is $349,621.
Official website here: www.ecdi.org
What is the revenue of Economic And Community Development Institute?
Economic And Community Development Institute's revenue in 2022 was $19,971,101.
Official website here: www.ecdi.org
Who are the executives of Economic And Community Development Institute and what are their salaries?
The average compensation at Economic And Community Development Institute during 2022 was $57,319. There are 85 employees and 64 volunteers at Economic And Community Development Institute.
Here are 18 key members and their salaries (Economic And Community Development Institute's CEO's salary is $341,460 and their total compensation is $349,621):
- Inna Kinney (Ceo) [Trustee/Director]
- Steven Fireman (President) [Trustee/Director]
- Amy Wanzo (Vice President)
- Doghlas Craven (Vice President)
- Joseph Armstrong (Vice President)
- Anna Parlet (Vice President)
- Timothy Green (Deputy Counsel)
- Moniqua Spencer (Voting Independent Board Member) [Trustee/Director]
- Darren Cherry (Board Chair) [Trustee/Director]
- Trudy Bartley (Voting Independent Board Member) [Trustee/Director]
- Jeffrey Buller (Voting Independent Board Member) [Trustee/Director]
- Margaret Ference (Voting Independent Board Member) [Trustee/Director]
- John Hrusovsky Ii (Voting Independent Board Member) [Trustee/Director]
- John Mccourt (Voting Independent Board Member) [Trustee/Director]
- Roddell Mccullough (Voting Independent Board Member) [Trustee/Director]
- Stephanie Steward (Voting Independent Board Member) [Trustee/Director]
- Alicia Townsend (Voting Independent Board Member) [Trustee/Director]
- James Turner (Voting Independent Board Member) [Trustee/Director]
Official website here: www.ecdi.org
Where can I find the form 990 for Economic And Community Development Institute?
The Economic And Community Development Institute’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.ecdi.org
Learn more at the official website: www.ecdi.org
Mission Statement of Economic And Community Development Institute
The Economic and Community Development Institute (ECDI) is a mission-driven organization dedicated to investing in people to bring about measurable and lasting social and economic change. By combining responsible, affordable small business loans with comprehensive development services, ECDI empowers disadvantaged low-income, low-wealth entrepreneurs, allowing them to create and expand their businesses and join the economic mainstream.
ECDI's diverse clientele consists largely of women, minorities, and low-moderate income individuals, who often face barriers in obtaining capital from traditional financial institutions. In fiscal year 2022, ECDI disbursed 333 loans totaling over $13.3 million, providing vital funding to these entrepreneurs. With a multitiered approach, ECDI's services go beyond just financing, offering valuable business development assistance to ensure the long-term success of the businesses it supports. This holistic approach enables ECDI to make a significant impact on individuals and their communities, fostering economic growth and self-sufficiency.
Impact
This information is meant to be a general summary of Economic And Community Development Institute. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
Economic And Community Development Institute's impact lies in its dedicated efforts to serve the needs of disadvantaged low-income and low-wealth entrepreneurs. By providing access to affordable capital and comprehensive small business development services, ECDI empowers underserved entrepreneurs to establish and grow their businesses, thus enabling them to enter the economic mainstream. With a focus on clientele comprising predominantly of women, minorities, and low to moderate-income individuals, ECDI plays a crucial role in fostering economic empowerment and inclusion within the community. Through the disbursement of responsible small business loans totaling over $13.3 million in fiscal year 2022, ECDI is actively working towards creating measurable and enduring social and economic change in Columbus, Ohio, and beyond.
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 AND CLOSING FEES ON LOAN
Revenue
$2,517,945
MEMBERSHIP, REGISTRATION, REVENUE
Revenue
$360,187
CONTRACTED SERVICES
Revenue
$36,289
Organization Details
Founding Year
1985
Phone
(614) 559-0115
Principal Officer
Inna Kinney
Main Address
1655 OLD LEONARD AVENUE, COLUMBUS, OH, 43219
Website
www.ecdi.org
NTEE Category
Code: S30 - Community improvement
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