Overview
What is Southeast Community Capital Corporation?
Southeast Community Capital Corporation, doing business as Pathway Lending, is a certified Community Development Financial Institution (CDFI) based in Nashville, Tennessee. Their mission is to provide lending solutions, education, and support services to underserved small businesses, focusing on qualified investment areas, African-American and low-income owned businesses. In 2022, they originated $50.8 million in new loans, with 79.9% of these loans supporting qualified CDFI target markets. They made 182 loans and lines of credit, totaling over $25.7 million, to create, preserve, and grow small businesses. Additionally, they funded affordable housing and real estate initiatives by making $18.1 million in loans and supported the creation and preservation of 467 rental units. Pathway Lending also offers climate-centered loans, making 18 loans totaling approximately $4.9 million in 2022 to support energy efficiency and renewable energy projects, resulting in $467,685 in annual energy savings and 4,918,891 KWH generated through renewable sources or saved through efficiency efforts.
Official website here: www.pathwaylending.org
Is Southeast Community Capital Corporation legitimate?
Southeast Community Capital Corporation D/B/A Pathway Lending is a legitimate nonprofit organization registered as a 501(c)(3) entity. Southeast Community Capital Corporation D/B/A Pathway Lending 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: $2,335,573
Professional Fundraising Fees: $0
Other Salaries and Wages: $4,240,005
For more financial information, click here
Official website here: www.pathwaylending.org
What is the mission statement of Southeast Community Capital Corporation?
Southeast Community Capital Corporation DBA Pathway Lending is a community development financial institution (CDFI) dedicated to providing lending solutions, education, and support services to underserved small businesses. Their mission encompasses the development, growth, and preservation of these businesses, as well as affordable housing and sustainable communities. They focus on markets that include businesses in low-income areas, African-American owned businesses, and low-income owned businesses. In 2022, the organization originated $50.8 million in new loans, with a significant portion supporting qualified CDFI target markets. They made a total of 182 loans and lines of credit, supporting the creation, preservation, and growth of small businesses. Additionally, they provided loans for affordable housing and real estate initiatives, resulting in the creation and preservation of 467 rental units. Pathway Lending also offers climate-centered loans, investing in energy efficiency and renewable energy projects at businesses, generating significant annual energy savings and reducing carbon emissions.
Official website here: www.pathwaylending.org
Who is the CEO of Southeast Community Capital Corporation?
Clint Gwin is the President And Ceo of Southeast Community Capital Corporation D/B/A Pathway Lending. The CEO's salary of Southeast Community Capital Corporation is $517,787 and their total compensation is $533,462.
Official website here: www.pathwaylending.org
What is the revenue of Southeast Community Capital Corporation?
Southeast Community Capital Corporation D/B/A Pathway Lending's revenue in 2022 was $34,352,914.
Official website here: www.pathwaylending.org
Who are the executives of Southeast Community Capital Corporation and what are their salaries?
The average compensation at Southeast Community Capital Corporation during 2022 was $99,630. There are 66 employees and 1 volunteers at Southeast Community Capital Corporation.
Here are 21 key members and their salaries (Southeast Community Capital Corporation's CEO's salary is $517,787 and their total compensation is $533,462):
- Clint Gwin (President And Ceo)
- Hank Helton (Executive Vice President)
- Amy Bunton (Executive Vice President A)
- Barbara Harris (Executive Vice President A)
- Keith Hickey (Svp, Lending)
- James Mike Blackwell (Svp, Chief Credit Officer)
- Leslie Hayes (Svp Of Education And Entre)
- Daniel Wilson (Svp Of Lending Operations)
- Jonathan Eisen (Regional Lender)
- Tracy Buckley (Commercial Real Estate Lender)
- Paul Hoffmann (Director Of Economic And Social Impact)
- Lori Rochelle (Svp Of Corporate Operation)
- Robert Lancaster (Director Of Business Advisory Services)
- Dr William H Herb Byrd Iii (Chairman) [Trustee/Director]
- Jon Davies (Vice Chairman) [Trustee/Director]
- Dave Berezov (Director)
- Ivanetta Davis-Samuels (Director)
- Andre Gist (Director)
- Cindy Herron (Director)
- Tom Hunter (Director)
- Hugh Queener (Director)
Official website here: www.pathwaylending.org
Where can I find the form 990 for Southeast Community Capital Corporation?
The Southeast Community Capital Corporation’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.pathwaylending.org
Learn more at the official website: www.pathwaylending.org
Mission Statement of Southeast Community Capital Corporation
Southeast Community Capital Corporation DBA Pathway Lending, a Community Development Financial Institution (CDFI) certified by the U.S. Department of the Treasury, dedicates its efforts to providing lending solutions, education, and support services to underserved small businesses. The mission of this organization is to impact the development, growth, and preservation of underserved small businesses, affordable housing, and sustainable communities.
Through various government and non-profit lending programs, including the U.S. Small Business Administration (SBA), the U.S. Treasury Department Certified CDFI, the Appalachian Regional Commission (ARC), and others, Southeast Community Capital Corporation extends small business loans to qualified small and disadvantaged businesses. These initiatives focus on target markets such as businesses located in qualified investment areas, African-American owned businesses, and low-income owned businesses. With a service area spanning Tennessee, Alabama, portions of Mississippi, Arkansas, and Kentucky, the organization originated $50.8MM in new loans in 2022, with the majority of these loans supporting qualified CDFI target markets.
In addition to small business lending, Southeast Community Capital Corporation also supports affordable housing and real estate initiatives by making loans to create, preserve, and grow affordable housing projects. The organization's lending activities resulted in the creation and preservation of 467 rental units in 2022. Furthermore, Southeast Community Capital Corporation offers climate-centered loans to support the implementation of energy efficiency and renewable energy projects at businesses across Tennessee. In 2022, the organization made 18 loans totaling approximately $4.9MM, resulting in $467,685 in annual energy savings and 4,918,891 kWh generated through renewable sources or saved through efficiency efforts.
Impact
This information is meant to be a general summary of Southeast Community Capital Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
Southeast Community Capital Corporation's impact is significant in providing lending solutions, education, and support services to underserved small businesses. In 2022, the organization originated $50.8 million in new loans, with a focus on supporting small and disadvantaged businesses in qualified CDFI target markets. They made 182 loans and lines of credit totaling over $25.7 million to support the creation, preservation, and growth of small businesses. Additionally, they supported affordable housing and real estate initiatives through loans totaling over $20 million, resulting in the creation and preservation of 467 rental units.
Furthermore, Southeast Community Capital Corporation offers climate-centered loans, supporting energy efficiency and renewable energy projects at businesses across Tennessee. In 2022, they made 18 loans totaling approximately $4.9 million, resulting in substantial energy savings and renewable energy generation. Their work not only impacts small businesses but also contributes to sustainable communities and the environment.
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
$7,823,076
FINANCING FEES AND CHARGES
Revenue
$970,413
FEE INCOME
Revenue
$431,925
Organization Details
Founding Year
1999
Phone
(615) 425-7171
Principal Officer
Clint Gwin
Main Address
201 VENTURE CIRCLE, NASHVILLE, TN, 37228
Website
www.pathwaylending.org
NTEE Category
Code: J20 - Employment
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