Overview
What is Metroaction Inc?
Metroaction Inc, based in Scranton, Pennsylvania, is a certified development not-for-profit corporation serving as the business development arm of the Greater Scranton Chamber of Commerce. Acting as an intermediary and resource center for various small business financing programs, Metroaction aided community businesses during the fiscal year ending in June 2023. They provided financial assistance through three different loan programs, namely the Small Business Loan Program, the Luzerne County Loan Program, and the Lackawanna County COVID Recovery Loan Program. These initiatives led to the creation or retention of a total of 472 jobs in the community.
Official website here: www.metroaction.org
Is Metroaction Inc legitimate?
Metroaction Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Metroaction 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.
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Official website here: www.metroaction.org
What is the mission statement of Metroaction Inc?
Metroaction Inc, functioning as the business development arm of the Greater Scranton Chamber of Commerce, serves as an intermediary and resource center for various small business financing programs. As a certified development not-for-profit corporation, its primary objective is to aid community businesses by facilitating loan programs. During the 2022-2023 fiscal year, Metroaction provided financial assistance through programs such as the Small Business Loan Program, Luzerne County Loan Program, and the Lackawanna County COVID Recovery Loan Program, helping retain or create a total of 492 jobs. These loan programs have played a significant role in supporting local businesses, contributing to economic growth and job creation.
Official website here: www.metroaction.org
Who is the CEO of Metroaction Inc?
Robert F Durkin is the President of Metroaction Inc.
Official website here: www.metroaction.org
What is the revenue of Metroaction Inc?
Metroaction Inc's revenue in 2023 was $232,663.
Official website here: www.metroaction.org
Who are the executives of Metroaction Inc and what are their salaries?
Here are 26 key members and their salaries:
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Official website here: www.metroaction.org
Where can I find the form 990 for Metroaction Inc?
Metroaction Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.metroaction.org
Learn more at the official website: www.metroaction.org
Mission Statement of Metroaction Inc
Metroaction Inc, serving as the business development arm of the Greater Scranton Chamber of Commerce, operates as a certified development not-for-profit corporation. Its primary role is to act as an intermediary and resource center for various small business financing programs. The organization's mission lies in aiding community businesses by providing them with essential financial support through various loan programs. During the fiscal year ending June 30, 2023, Metroaction Inc contributed to the growth of local businesses by offering four new loans from the Small Business Loan Program, totaling $215,000 and retaining or creating 29 jobs. Furthermore, the organization provided 14 new loans from the Luzerne County Loan Program, amounting to $916,000, and retaining or creating 179 jobs. Additionally, Metroaction Inc offered 43 new loans from the Lackawanna County COVID Recovery Loan Program, totaling $848,000, and retaining or creating 254 jobs. The organization's mission is to support the growth and development of small businesses in the community by providing them with necessary financial resources.
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Impact
October, 2024
Metroaction Inc. plays a vital role in fostering economic growth and supporting local businesses in the Scranton area. As the business development arm of the Greater Scranton Chamber of Commerce, it acts as a pivotal intermediary and resource center for small business financing.
In the fiscal year ending June 30, 2023, Metroaction facilitated significant financial support through various loan programs, assisting community businesses to thrive and expand. This included the provision of four new loans totaling $215,000 through the Small Business Loan Program, which helped retain or create 29 jobs, and 14 new loans amounting to $916,000 from the Luzerne County Loan Program, responsible for retaining or creating 179 jobs. Additionally, the organization made 43 new loans through the Lackawanna County COVID Recovery Loan Program, totaling $848,000 and supporting the retention or creation of 254 jobs.
By directly engaging with local businesses and providing essential financial resources, Metroaction Inc. is instrumental in enhancing community development, boosting employment, and fostering resilience in the local economy. Its efforts not only aid businesses in overcoming financial hurdles but also contribute to the overall vitality and sustainability of the community.
This information is meant to be a general summary of Metroaction 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: $59,837
- Program Service Revenue: $57,357
- Gross Receipts: $266,363
Assets and Liabilities:
- Total Assets: $6,631,442
- Total Liabilities: $4,873,653
- Net Assets: $1,757,789
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MICROLOAN ADMINISTRATI
Revenue
$57,357
Organization Details
Founding Year
1977
Phone
(570) 342-7711Principal Officer
Robert F Durkin
Main Address
222 MULBERRY STREET, SCRANTON, PA, 18503
Website
www.metroaction.orgNTEE Category
Code: S30 - Community improvement
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