Overview
What is Providence Business Loan Fund?
The Providence Business Loan Fund (PBLF) is a nonprofit organization situated in Providence, Rhode Island. Their primary mission is to support local businesses by offering technical assistance and referrals, aiming to retain and stimulate job growth in the city. Additionally, PBLF provides low-interest loans to companies that struggle to secure financing from conventional sources. This initiative is designed to create or maintain low- to moderate-income employment opportunities within a two-year timeframe.
Official website here: www.providenceri.com/economic-development
Is Providence Business Loan Fund legitimate?
Providence Business Loan Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Providence Business Loan Fund 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: $133,221
For more financial information, click here
Official website here: www.providenceri.com/economic-development
What is the mission statement of Providence Business Loan Fund?
The Providence Business Loan Fund (PBLF) is committed to fostering job growth by offering assistance and referrals to businesses. Additionally, PBLF provides low-interest loans to businesses that have struggled to secure financing from conventional sources. By doing so, PBLF aims to support the retention and creation of jobs, particularly in the low/moderate income sector. During the recent fiscal year, PBLF offered technical assistance to businesses in the city, and made loans to businesses that will maintain and create jobs over the next two years.
Official website here: www.providenceri.com/economic-development
Who is the CEO of Providence Business Loan Fund?
Thomas Hoagland is the Principal Officer of Providence Business Loan Fund.
Official website here: www.providenceri.com/economic-development
What is the revenue of Providence Business Loan Fund?
Providence Business Loan Fund's revenue in 2022 was $454,330.
Official website here: www.providenceri.com/economic-development
Who are the executives of Providence Business Loan Fund and what are their salaries?
There 8 volunteers at Providence Business Loan Fund.
Here are 9 key members and their salaries:
- Compensation: $0
- Related: $175,975
- Other: $0
- Compensation: $0
- Related: $93,696
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.providenceri.com/economic-development
Where can I find the form 990 for Providence Business Loan Fund?
Providence Business Loan Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.providenceri.com/economic-development
Learn more at the official website: www.providenceri.com/economic-development
Mission Statement of Providence Business Loan Fund
The Providence Business Loan Fund (PBLF) is dedicated to preserving and creating employment opportunities by offering assistance and recommendations to businesses situated in Providence, Rhode Island. Furthermore, PBLF extends low-interest loans to enterprises that have been unable to secure financing from conventional sources. By doing so, the organization aids in the retention and creation of low-to-moderate income jobs over the next two years.
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Impact
October, 2024
The Providence Business Loan Fund plays a critical role in strengthening the local economy by focusing on job retention and creation in Providence, RI. Through its efforts, the Fund provides both technical assistance and low-interest loans to businesses that traditionally face barriers in accessing conventional financing. This support is particularly impactful for businesses aiming to create or retain low- to moderate-income jobs.
In the fiscal year ending June 30, 2022, the Fund successfully assisted various businesses, enabling them to sustain their operations and foster employment opportunities. By prioritizing job creation and retention, particularly for vulnerable populations, the Providence Business Loan Fund directly contributes to the economic stability and growth of the community, ensuring that local businesses have the resources they need to thrive.
This information is meant to be a general summary of Providence Business Loan Fund. 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 2022.
- Program Service Revenue: $211,544
- Gross Receipts: $454,330
Assets and Liabilities:
- Total Assets: $11,655,317
- Total Liabilities: $2,388,962
- Net Assets: $9,266,355
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Loan revenues
Revenue
$211,544
Organization Details
Founding Year
2003
Phone
(401) 680-8400Principal Officer
Thomas Hoagland
Main Address
444 Westminster St, Providence, RI, 02903
NTEE Category
Code: Z99Z - Unknown
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