Overview
What is Partnership For Financial Equity Inc?
Partnership For Financial Equity Inc, based in Readville, Massachusetts, is a nonprofit organization with a mission to foster cooperation between community organizations and financial institutions. Their primary goal is to improve the accessibility of credit and financial services for low-income and minority communities across Massachusetts. They achieve this by encouraging community investment in these neighborhoods, providing research and information to help understand and address the financial needs of the community. With a dedicated team of one, they strive to bring about positive change in financial inclusion and equity.
Official website here: www.financialequity.net
Is Partnership For Financial Equity Inc legitimate?
Partnership For Financial Equity Inc is a legitimate nonprofit organization registered as a 501(c)(6) entity. Partnership For Financial Equity 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $133,049
For more financial information, click here
Official website here: www.financialequity.net
What is the mission statement of Partnership For Financial Equity Inc?
The Partnership For Financial Equity Inc's mission is to foster collaboration between community organizations and financial institutions. This partnership aims to bring about positive change in the availability of credit and financial services across Massachusetts. By encouraging community investment in low and moderate income and minority group neighborhoods, they seek to address the financial needs of these communities effectively. Furthermore, the organization provides research, information, assistance, and guidance to help understand and address these credit and financial needs more comprehensively.
Official website here: www.financialequity.net
Who is the CEO of Partnership For Financial Equity Inc?
Thomas Callahan is the Executive Director of Partnership For Financial Equity Inc.
Official website here: www.financialequity.net
What is the revenue of Partnership For Financial Equity Inc?
Partnership For Financial Equity Inc's revenue in 2023 was $315,025.
Official website here: www.financialequity.net
Who are the executives of Partnership For Financial Equity Inc and what are their salaries?
The average compensation at Partnership For Financial Equity Inc during 2023 was $133,049. There is 1 employee at Partnership For Financial Equity Inc.
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Official website here: www.financialequity.net
Where can I find the form 990 for Partnership For Financial Equity Inc?
Partnership For Financial Equity Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.financialequity.net
Learn more at the official website: www.financialequity.net
Mission Statement of Partnership For Financial Equity Inc
The Partnership For Financial Equity Inc, a nonprofit organization, aims to foster collaboration between community organizations and financial institutions. Their mission is to instigate positive change in the accessibility of credit and financial services across Massachusetts. They achieve this by encouraging community investment in low and moderate income, as well as minority group neighborhoods. The organization also provides research, information, assistance, and direction to help understand and address the credit and financial needs of these communities. By bringing these two sectors together, Partnership For Financial Equity Inc strives to create a more equitable financial landscape for individuals and neighborhoods with limited resources.
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Impact
October, 2024
Partnership For Financial Equity Inc plays a significant role in enhancing community investment in low and moderate-income and minority neighborhoods throughout Massachusetts. By fostering collaboration between community organizations and financial institutions, the initiative seeks to address disparities in access to credit and financial services. This collaboration not only supports economic development but also empowers residents by increasing their financial literacy and resources.
The impact is multi-faceted: improved financial access leads to greater economic stability for communities, helps individuals achieve homeownership, and encourages the growth of local businesses. By prioritizing investment in underserved areas, Partnership For Financial Equity Inc is instrumental in driving positive change, facilitating inclusive economic opportunities, and elevating the overall quality of life in these communities. Through its efforts, the organization contributes to the broader goal of achieving financial equity across the state, enabling all residents to participate fully in the economy.
This information is meant to be a general summary of Partnership For Financial Equity Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
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 2023.
- Investment Income: $3,125
- Gross Receipts: $315,025
Assets and Liabilities:
- Total Assets: $392,672
- Total Liabilities: $24,663
- Net Assets: $368,009
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Organization Details
Founding Year
1990
Principal Officer
Thomas Callahan
Main Address
PO BOX 99, READVILLE, MA, 02137
Website
www.financialequity.netNTEE Category
Code: S40 - Community improvement
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