Overview
What is Bluehub Loan Fund Inc?
Bluehub Loan Fund Inc is a nonprofit organization specialized in community lending. Their mission revolves around providing financial assistance and support to communities. While specifics about their name, location, or employee count aren't mentioned in the given information, it is known that they focus on this area of work. By extending loans, they contribute to the economic growth and development of the communities they serve.
Official website here: www.bluehubcapital.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 83%, Three-Star out of Four Star rating.
Bluehub Loan Fund Inc has achieved a solid Three-Star rating from Charity Navigator, reflecting an overall score of 83%. This rating is primarily based on their Accountability & Finance performance. The organization demonstrates strong governance practices, including a high percentage of independent board members and effective oversight mechanisms, which are crucial for maintaining transparency and trust with donors and stakeholders.
The organization excels in various aspects of its financial accountability. It has received high marks for its program expense ratio, indicating that a significant portion of its expenses is directed towards its programs rather than administrative costs. Additionally, it has no reported material diversion of assets, showcasing its commitment to responsible financial management.
However, there are areas where Bluehub Loan Fund Inc could improve. The liabilities to assets ratio is relatively high, suggesting potential concerns regarding financial leverage. While the organization is performing well overall, keeping an eye on its liabilities and ensuring they do not outpace its assets will be essential for future sustainability.
This AI summary has been generated from information found on Charity Navigator.
Is Bluehub Loan Fund Inc legitimate?
Bluehub Loan Fund Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Bluehub Loan Fund 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: $853,490
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,261,588
For more financial information, click here
Official website here: www.bluehubcapital.org
What is the mission statement of Bluehub Loan Fund Inc?
Bluehub Loan Fund Inc is dedicated to community lending. Their mission is to extend financial assistance to individuals and businesses within their community, aiming to promote economic growth and development. Through providing accessible financing options, they strive to help build and strengthen local economies. Additionally, they offer flexible loan terms and personalized customer service to accommodate a diverse range of borrowing needs. By fostering financial inclusion, they contribute to the overall well-being and prosperity of the communities they serve.
Official website here: www.bluehubcapital.org
Who is the CEO of Bluehub Loan Fund Inc?
Lisa Zappala is the Ceo & Ex-Officio Board Member of Bluehub Loan Fund Inc. The CEO's salary of Bluehub Loan Fund Inc is $159,627 and their total compensation is $1,007,926.
Official website here: www.bluehubcapital.org
What is the revenue of Bluehub Loan Fund Inc?
Bluehub Loan Fund Inc's revenue in 2022 was $22,068,331.
Official website here: www.bluehubcapital.org
Who are the executives of Bluehub Loan Fund Inc and what are their salaries?
The average compensation at Bluehub Loan Fund Inc during 2022 was $62,302. There are 50 employees and 9 volunteers at Bluehub Loan Fund Inc.
Here are 19 key members and their salaries (Bluehub Loan Fund Inc's CEO's salary is $159,627 and their total compensation is $1,007,926):
- Compensation: $159,627
- Related: $638,507
- Other: $209,792
- Compensation: $0
- Related: $352,707
- Other: $136,548
- Compensation: $126,776
- Related: $0
- Other: $106,440
- Compensation: $277,073
- Related: $0
- Other: $48,554
- 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
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $92,114
- Related: $214,932
- Other: $109,828
- Compensation: $60,954
- Related: $182,862
- Other: $55,224
- Compensation: $223,889
- Related: $0
- Other: $39,086
- Compensation: $0
- Related: $238,710
- Other: $15,203
- Compensation: $0
- Related: $215,611
- Other: $64,137
- Compensation: $0
- Related: $231,098
- Other: $16,968
Official website here: www.bluehubcapital.org
Where can I find the form 990 for Bluehub Loan Fund Inc?
Bluehub Loan Fund Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.bluehubcapital.org
Learn more at the official website: www.bluehubcapital.org
Mission Statement of Bluehub Loan Fund Inc
Bluehub Loan Fund Inc is a community lending organization dedicated to making a difference. With a mission to lend a helping hand, this nonprofit focuses on providing financial assistance to individuals and communities in need. Through its community lending activities, Bluehub Loan Fund Inc extends opportunities for growth and self-sufficiency.
The organization's primary goal is to lend funds to eligible borrowers, enabling them to pursue their goals and improve their lives. Bluehub Loan Fund Inc's lending services cater to a diverse range of borrowers, providing flexible loan options tailored to individual needs. By offering accessible and affordable financing, this nonprofit empowers borrowers to invest in their futures and build stronger communities.
Bluehub Loan Fund Inc stands out as a trusted partner in economic development. Its commitment to community lending goes beyond simply providing loans. The organization fosters long-term relationships with its borrowers, offering guidance, expertise, and support to help them succeed. Through its lending activities, Bluehub Loan Fund Inc helps create opportunities for economic stability and growth, contributing to the overall well-being of individuals and communities.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
Bluehub Loan Fund Inc significantly impacts community lending, particularly in Boston, MA. By providing accessible financing options, it empowers individuals and small businesses to thrive, fostering economic growth and stability in underserved areas. Its mission focuses on enhancing community improvement, addressing the financial barriers that many face, and helping to create vibrant, sustainable neighborhoods. Through its efforts, it contributes to social equity and the overall health of the local economy, enabling more people to achieve their financial goals and improve their quality of life.
This information is meant to be a general summary of Bluehub Loan 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.
- Program Service Revenue: $12,417,116
- Gross Receipts: $22,068,331
Assets and Liabilities:
- Total Assets: $289,989,268
- Total Liabilities: $185,663,785
- Net Assets: $104,325,483
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INTEREST ON LOANS
Revenue
$11,200,394
LOAN FEES AND OTHER
Revenue
$1,216,722
Organization Details
Founding Year
1984
Phone
(617) 427-8600Principal Officer
Lisa Zappala
Main Address
10 MALCOLM X BOULEVARD GROUND FLOO, BOSTON, MA, 021193236
Website
www.bluehubcapital.orgNTEE Category
Code: S31 - Community improvement
If you are a representative of Bluehub Loan Fund 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.