Overview
What is Restoration Capital Fund Inc?
Restoration Capital Fund Inc is a nonprofit organization situated in Central Brooklyn, New York. Their primary role is to gather funds and deliver financial assistance to both established businesses and aspiring entrepreneurs. Their ultimate objective is to foster economic growth within their local community. Beyond financial services, they also offer additional program support.
Is Restoration Capital Fund Inc legitimate?
Restoration Capital Fund Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Restoration Capital Fund Inc submitted a form 990EZ, 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.
What is the mission statement of Restoration Capital Fund Inc?
The Restoration Capital Fund, in its mission, focuses on mobilizing funds and offering financial services to both established businesses and aspiring entrepreneurs. Its primary goal is to stimulate economic growth within a specific community, specifically Central Brooklyn, New York. Beyond financial services, the organization also provides various program offerings to support its mission.
Who is the CEO of Restoration Capital Fund Inc?
Colvin Grannum is the President of Restoration Capital Fund Inc.
What is the revenue of Restoration Capital Fund Inc?
Restoration Capital Fund Inc's revenue in 2022 was $0.
Who are the executives of Restoration Capital Fund Inc and what are their salaries?
Here are 2 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990EZ for Restoration Capital Fund Inc?
Restoration Capital Fund Inc's most recent form 990EZ was submitted in 2022 and can be accessed here.
Mission Statement of Restoration Capital Fund Inc
Restoration Capital Fund, Inc., is an organization committed to advancing economic growth within the community of Central Brooklyn, New York. Its primary mission is to offer financial services to both established businesses and aspiring entrepreneurs. Beyond financial aid, this nonprofit extends its support by providing additional program services to further stimulate economic development.
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Impact
October, 2024
Restoration Capital Fund Inc plays a pivotal role in fostering economic development in Central Brooklyn, New York. By raising funds and offering financial services, the organization supports existing businesses while empowering potential entrepreneurs. This not only helps stimulate local economic growth but also enhances job creation and community resilience.
The financial services provided by the Fund facilitate access to capital for businesses that might otherwise struggle to secure funding. This access enables them to expand operations, invest in new technologies, and create job opportunities for local residents. Furthermore, Restoration Capital Fund Inc enriches its impact through additional program services that cater to the unique needs of the community, thereby strengthening the overall economic landscape of Central Brooklyn.
Through its dedicated efforts, Restoration Capital Fund Inc contributes significantly to community improvement, promoting a more vibrant and sustainable local economy.
This information is meant to be a general summary of Restoration Capital Fund 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 2022.
Assets and Liabilities:
- Total Assets: $124,960
- Total Liabilities: $8,595
- Net Assets: $116,365
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Organization Details
Phone
(718) 636-6900Principal Officer
Colvin Grannum
Main Address
1368 Fulton Street, Brooklyn, NY, 11216
NTEE Category
Code: S30 - Community improvement
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