Overview
What is Lehigh & Northampton County Revolving Loan Fund?
Lehigh & Northampton County Revolving Loan Fund is a nonprofit organization located in Bethlehem, Pennsylvania. Their primary mission is to provide loans to small or startup business ventures that may not meet traditional banking standards. By doing so, they aim to enhance the social welfare of economically depressed or blighted neighborhoods within the community. The organization relies on donor or investor-loaned funds, which are lent at no or below market interest rates for program lending, as mentioned in Schedule O for further details. This nonprofit plays a significant role in supporting the growth and development of local businesses, ultimately contributing to the revitalization of their community.
Official website here: www.caclv.org
Is Lehigh & Northampton County Revolving Loan Fund legitimate?
Lehigh & Northampton County Revolving Loan Fund is a legitimate nonprofit organization registered as a 501(c)(4) entity. Lehigh & Northampton County Revolving 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: $2,155
For more financial information, click here
Official website here: www.caclv.org
What is the mission statement of Lehigh & Northampton County Revolving Loan Fund?
The Lehigh & Northampton County Revolving Loan Fund's mission is to provide loans to small or startup business ventures that may not meet traditional banking standards. This organization aims to improve the socio-economic condition of economically depressed or blighted neighborhoods within the community. To accomplish this, donors and investors have loaned funds for use in program lending at no or below market interest rates. The primary objective is to support these businesses, thereby boosting the social welfare of the community. Additional information can be found in Schedule O.
Official website here: www.caclv.org
Who is the CEO of Lehigh & Northampton County Revolving Loan Fund?
Colleen Krcelich is the President of Lehigh & Northampton County Revolving Loan Fund.
Official website here: www.caclv.org
What is the revenue of Lehigh & Northampton County Revolving Loan Fund?
Lehigh & Northampton County Revolving Loan Fund's revenue in 2021 was $5,245.
Official website here: www.caclv.org
Who are the executives of Lehigh & Northampton County Revolving Loan Fund and what are their salaries?
There 13 volunteers at Lehigh & Northampton County Revolving Loan Fund.
Here are 15 key members and their salaries:
- 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: $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.caclv.org
Where can I find the form 990 for Lehigh & Northampton County Revolving Loan Fund?
Lehigh & Northampton County Revolving Loan Fund's most recent form 990 was submitted in 2021 and can be accessed here.
Official website here: www.caclv.org
Learn more at the official website: www.caclv.org
Mission Statement of Lehigh & Northampton County Revolving Loan Fund
Lehigh & Northampton County Revolving Loan Fund is an organization with a mission to improve the social welfare of economically depressed or blighted neighborhoods within the community. They achieve this by providing loans to small or start-up business ventures that may not meet bank standards. This funding is made possible through donors and investors who have lent funds for use in program lending at no or below market interest rates. The goal is to support these businesses, thereby revitalizing the neighborhoods and contributing to the overall well-being of the community.
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
The Lehigh & Northampton County Revolving Loan Fund significantly impacts economically depressed or blighted neighborhoods by providing essential financial support to small and start-up business ventures that often struggle to meet traditional bank lending standards. By offering loans at no or below market interest rates, the fund enables these businesses to thrive, fostering economic development and community revitalization.
This support not only helps entrepreneurs establish and grow their businesses but also contributes to the overall social welfare of the community. As these businesses succeed, they create jobs, enhance local services, and stimulate further investment in the area. The program’s focus on improving economically challenged neighborhoods plays a pivotal role in reducing blight, increasing accessibility to resources, and cultivating a vibrant community atmosphere. The Revolving Loan Fund empowers local entrepreneurs, creating a ripple effect of positive change within the community.
This information is meant to be a general summary of Lehigh & Northampton County Revolving 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 2021.
- Investment Income: $863
- Program Service Revenue: $4,382
- Gross Receipts: $5,245
Assets and Liabilities:
- Total Assets: $522,576
- Total Liabilities: $1,129
- Net Assets: $521,447
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.
PROGRAM LOAN INTEREST
Revenue
$4,348
PROGRAM FEES
Revenue
$34
Organization Details
Phone
(610) 691-5620Principal Officer
Colleen Krcelich
Main Address
1337 EAST FIFTH STREET, BETHLEHEM, PA, 18015
Website
www.caclv.orgNTEE Category
Code: S00 - Community improvement
If you are a representative of Lehigh & Northampton County Revolving Loan Fund 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.