Overview
What is Ohio Capital Finance Corporation?
The Ohio Capital Finance Corporation is a nonprofit organization that offers financing solutions, including loans, grants, and equity, to support low-income communities in their housing, community development, and economic development projects. By partnering with various organizations, they aim to expand and preserve affordable housing, promote community development, and contribute to a better quality of life for all residents, regardless of their income levels. Ohio Capital Finance Corporation, led by Jennifer Mullaney, strives to ensure these communities remain vibrant and inclusive.
Is Ohio Capital Finance Corporation legitimate?
Ohio Capital Finance Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ohio Capital Finance Corporation 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: $0
For more financial information, click here
Mission Statement of Ohio Capital Finance Corporation
Ohio Capital Finance Corporation, a leading organization in financial assistance, is dedicated to providing loans, grants, and equity for the purpose of housing, community development, and economic development in low-income areas. The corporation's ultimate goal is to expand and preserve affordable housing, enhancing community development, and ensuring that all residents, regardless of their income levels, live fulfilling lives and contribute to their community.
Ohio Capital Finance Corporation's mission in action sees it utilizing strategic partnerships to offer flexible financing solutions that cater to the unique needs of low-income communities. By providing these resources, the organization advances community development, making a significant impact on the lives of residents. Jennifer Mullaney leads Ohio Capital Finance Corporation in its mission to create opportunities for growth and improvement in economically disadvantaged neighborhoods.
In achieving its mission, Ohio Capital Finance Corporation plays a crucial role in fostering a vibrant and inclusive community for all residents. Through its financing efforts, the organization not only helps create affordable housing but also enables community infrastructure development, spurring economic growth and opportunities for residents. As a result, Ohio Capital Finance Corporation's initiatives contribute to breaking the cycle of poverty, enabling residents to live satisfying lives and contribute meaningfully to their community.
Impact
This information is meant to be a general summary of Ohio Capital Finance Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
Ohio Capital Finance Corporation's impact is significant in providing financing through loans, grants, and equity to support housing, community development, and economic development initiatives in low-income communities. By partnering with key stakeholders, the corporation works to expand and preserve affordable housing, ultimately advancing community development and ensuring all residents, regardless of income, can live fulfilling lives and contribute positively to their communities. Under the leadership of Jennifer Mullaney, Ohio Capital Finance Corporation plays a vital role in driving community improvement in Columbus, Ohio.
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 INCOME - N/R
Revenue
$3,648,500
ORIGINATION FEES
Revenue
$431,772
SERVICING FEES
Revenue
$431,772
RECOVERY OF BAD DEBT
Revenue
$199,111
Organization Details
Founding Year
2002
Phone
(614) 224-8446
Principal Officer
Jennifer Mullaney
Main Address
88 EAST BROAD STREET 1800, COLUMBUS, OH, 43215
NTEE Category
Code: S31 - Community improvement
If you are a representative of Ohio Capital Finance Corporation 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.