Invest Pgh Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 850976761 ✦ Pittsburgh, PA ✦ Designated as a 501(c)(3)

Overview

What is Invest Pgh Inc?

Invest Pgh Inc is a nonprofit organization situated in Pittsburgh, Pennsylvania. Established in 2020, its primary mission is to support small businesses and affordable housing initiatives within the city. As a Community Development Financial Institution (CDFI), Invest Pgh Inc raises funds and offers financial assistance and technical resources to these enterprises. The organization operates various loan programs, such as the Micro-Enterprise and Abel Loan initiatives, which provide funds for micro-borrowers to establish or expand their businesses. Additionally, Invest Pgh Inc serves as a resource hub, offering tools and guidance to these small businesses. Moreover, the organization aims to preserve affordable housing units in the Pittsburgh region and promote affordable homeownership opportunities by collaborating with socially-driven developers.


Official website here: www.investpgh.org

Is Invest Pgh Inc legitimate?

Invest Pgh Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Invest Pgh 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: $1,027

For more financial information, click here


Official website here: www.investpgh.org

What is the mission statement of Invest Pgh Inc?

Invest Pgh Inc, a community development financial institution established in 2020, is dedicated to supporting small businesses and affordable housing initiatives. The organization raises funds and provides both capital and technical assistance to small businesses, aiding in their growth and expansion. Invest Pgh Inc operates a micro-enterprise loan program, offering financial aid to micro-borrowers to start or expand their businesses. The institution also serves as a resource hub, providing tools and resources to these small businesses. Furthermore, Invest Pgh Inc strives to preserve affordable housing units and create opportunities for affordable homeownership by offering lending support to community and socially-driven developers.


Official website here: www.investpgh.org

Who is the CEO of Invest Pgh Inc?

Rebecca Davidson-Wagner is the Chairperson of Invest Pgh Inc. The CEO's salary of Invest Pgh Inc is $0 and their total compensation is $0.


Official website here: www.investpgh.org

What is the revenue of Invest Pgh Inc?

Invest Pgh Inc's revenue in 2022 was $501,040.


Official website here: www.investpgh.org

Who are the executives of Invest Pgh Inc and what are their salaries?

Here are 6 key members and their salaries (Invest Pgh Inc's CEO's salary is $0 and their total compensation is $0):

    Jennifer Wilhelm (Chairperson) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Matthew Madia (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Maelene Myers (Vice-Chairperson) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Vernard Alexander (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Wendell Wade (Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Rebecca Davidson-Wagner (President/Ceo)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.investpgh.org

    Where can I find the form 990 for Invest Pgh Inc?

    The Invest Pgh Inc’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.investpgh.org

    Learn more at the official website: www.investpgh.org

    Mission Statement of Invest Pgh Inc

    Invest Pgh Inc, a nonprofit Community Development Financial Institution (CDFI), is dedicated to aiding small businesses and affordable housing initiatives within the city. Established in 2020, its mission is to fundraise and provide capital and technical assistance for these small businesses. Invest Pgh Inc operates a Micro-Enterprise Loan Program, offering funds to micro-borrowers for starting up or expanding their businesses. Furthermore, the organization serves as a clearinghouse for resources and tools for these small businesses.

    Beyond supporting small businesses, Invest Pgh Inc also aims to preserve affordable housing units in its region and create affordable homeownership opportunities. It accomplishes this by providing lending support to the community and socially-driven developers. By offering financial assistance and resources, Invest Pgh Inc is instrumental in fostering economic growth and promoting affordable housing within its community.

    Impact

    This information is meant to be a general summary of Invest Pgh Inc. Please take the time to review official sources before making any decisions based upon the content provided here.




    Wednesday, July 24, 2024

    Invest Pgh Inc's impact is significant in the city of Pittsburgh. Through its micro-enterprise loan programs, the organization has provided crucial funding to small businesses, enabling them to start up or expand their operations. Additionally, Invest Pgh contributes to the preservation of affordable housing units in the region and supports the creation of affordable homeownership opportunities. By offering lending support to the community and socially-driven developers, Invest Pgh plays a vital role in fostering economic development and community empowerment in Pittsburgh.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $656
  • Program Service Revenue: $85,384
  • Gross Receipts: $501,040

    • Assets and Liabilities:
  • Total Assets: $7,002,856
  • Total Liabilities: $6,031,905
  • Net Assets: $970,951
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    INTEREST & LENDING FEE

    Revenue

    $85,384

    Organization Details

    Founding Year

    2020

    Principal Officer

    Rebecca Davidson-Wagner

    Main Address

    412 BOULEVARD OF THE ALLIES 901, PITTSBURGH, PA, 15219

    NTEE Category

    Code: S12 - Community improvement

    If you are a representative of Invest Pgh 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.