Overview
What is Woodlands Community Lenders Inc?
Woodlands Community Lenders Inc, based in Elkins, West Virginia, is a nonprofit organization that strives to stimulate entrepreneurship and community development within underserved areas, specifically in Randolph, Barbour, and Tucker Counties. They achieve this goal by offering financial support and technical assistance to both businesses and non-profit organizations. In 2022, they successfully closed 18 loans, contributing a total of $1,505,890 to these initiatives. As a result, they were able to assist 86 businesses, ultimately leading to the creation and preservation of 119 jobs. With just two dedicated employees, Woodlands Community Lenders Inc plays a significant role in revitalizing the local communities they serve.
Official website here: www.woodlandswv.org
Is Woodlands Community Lenders Inc legitimate?
Woodlands Community Lenders Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Woodlands Community Lenders 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $73,474
For more financial information, click here
Official website here: www.woodlandswv.org
What is the mission statement of Woodlands Community Lenders Inc?
Woodlands Community Lenders Inc's mission is centered around promoting entrepreneurship and community revitalization. They achieve this by offering access to capital and technical assistance to businesses and non-profit organizations situated in underserved communities. The organization's primary focus is on Randolph, Barbour, and Tucker Counties, aiming to support economic growth and community development in these areas. In 2022, they successfully closed 18 loans, lending a total of $1,505,890, and served 86 businesses through lending and technical assistance, contributing to the creation and retention of 119 jobs.
Official website here: www.woodlandswv.org
Who is the CEO of Woodlands Community Lenders Inc?
Sandra Frank is the President of Woodlands Community Lenders Inc.
Official website here: www.woodlandswv.org
What is the revenue of Woodlands Community Lenders Inc?
Woodlands Community Lenders Inc's revenue in 2022 was $664,782.
Official website here: www.woodlandswv.org
Who are the executives of Woodlands Community Lenders Inc and what are their salaries?
The average compensation at Woodlands Community Lenders Inc during 2022 was $36,737. There are 2 employees and 2 volunteers at Woodlands Community Lenders Inc.
Here are 8 key members and their salaries:
- Sandra Frank (President) [Trustee/Director]
- Becky Mcclung (Vice President) [Trustee/Director]
- Mark Doak (Treasurer) [Trustee/Director]
- Carol Carter (Secretary) [Trustee/Director]
- Dean Ahern (Director)
- Matt Osborne (Director)
- Robbie Morris (Director)
- Dave Clark (Executive Director)
Official website here: www.woodlandswv.org
Where can I find the form 990 for Woodlands Community Lenders Inc?
The Woodlands Community Lenders Inc’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.woodlandswv.org
Learn more at the official website: www.woodlandswv.org
Mission Statement of Woodlands Community Lenders Inc
Woodlands Community Lenders Inc, a non-profit organization, is committed to promoting entrepreneurship and community revitalization. They achieve this mission by offering access to capital and technical assistance to businesses and non-profit organizations situated in underserved communities, specifically in Randolph, Barbour, and Tucker Counties. This non-profit's primary goal is to support and empower these organizations, contributing to the growth and development of these communities. In 2022, Woodlands Community Lenders Inc successfully closed 18 loans, providing a total of $1,505,890 in funds, and assisting 86 businesses, resulting in the creation and retention of 119 jobs. This demonstrates the impact and significance of their mission in fostering economic growth and empowering local organizations.
Impact
This information is meant to be a general summary of Woodlands Community Lenders Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Wednesday, July 24, 2024
Woodlands Community Lenders Inc has made a significant impact by fostering entrepreneurship and community revitalization in underserved communities of Randolph, Barbour, and Tucker Counties. In 2022, the organization closed 18 loans totaling $1,505,890, serving 86 businesses with lending and technical assistance. This resulted in the creation and retention of 119 jobs, contributing to the economic growth and stability of the region. Woodlands Community Lenders Inc's dedication to providing access to capital and support has positively impacted businesses and nonprofit organizations in the area, ultimately enhancing community improvement and 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.
Origination & Application Fees
Revenue
$12,660
Other Income
Revenue
$188
Organization Details
Founding Year
2011
Phone
(304) 404-2300
Principal Officer
Sandra Frank
Main Address
316 Railroad Ave, Elkins, WV, 26241
Website
www.woodlandswv.org
NTEE Category
Code: S30 - Community improvement
If you are a representative of Woodlands Community Lenders 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.