Overview
What is Edc Finance Corporation?
Edc Finance Corporation, based in Lancaster, Pennsylvania, serves as a leading financial provider, supporting businesses, developers, and farmers through various resources such as SBA 504, Pennsylvania Industrial Development Authority, Building PA, and traditional IDA tax-exempt loans. Their primary mission is to facilitate industrial and economic development by administering loans. Specifically, Edc Finance Corporation originates and manages loans from the PA Industrial Development Authority, Small Business First Fund, and SBA 504 Program. These loans contribute to the growth and expansion of small businesses within Lancaster County, acting as an industrial development corporation in line with the Pennsylvania Industrial Development Authority Act.
Official website here: www.edcfinancecorp.com
Is Edc Finance Corporation legitimate?
Edc Finance Corporation is a legitimate nonprofit organization registered as a 501(c)(4) entity. Edc Finance Corporation 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: $0
For more financial information, click here
Official website here: www.edcfinancecorp.com
What is the mission statement of Edc Finance Corporation?
Edc Finance Corporation's mission is centered around promoting industrial and economic development. It achieves this by offering loans, primarily from the Pennsylvania Industrial Development Authority, the Small Business First Fund, and the SBA 504 Program. These loans are instrumental in assisting the start-up and expansion of small businesses. The corporation acts as an industrial development corporation, adhering to the Pennsylvania Industrial Development Authority Act, and administers funds available under the Small Business First Fund and Small Business SBA 504 Program. Edc Finance Corporation serves as a significant provider of economic development financing to businesses, developers, and farmers, utilizing resources such as the SBA 504, Pennsylvania Industrial Development Authority, Building PA, and traditional IDA tax-exempt loans.
Official website here: www.edcfinancecorp.com
Who is the CEO of Edc Finance Corporation?
Lisa D Riggs is the President of Edc Finance Corporation.
Official website here: www.edcfinancecorp.com
What is the revenue of Edc Finance Corporation?
Edc Finance Corporation's revenue in 2022 was $1,017,373.
Official website here: www.edcfinancecorp.com
Who are the executives of Edc Finance Corporation and what are their salaries?
There 12 volunteers at Edc Finance Corporation.
Here are 14 key members and their salaries:
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Official website here: www.edcfinancecorp.com
Where can I find the form 990 for Edc Finance Corporation?
Edc Finance Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.edcfinancecorp.com
Learn more at the official website: www.edcfinancecorp.com
Mission Statement of Edc Finance Corporation
Edc Finance Corporation, as a leading entity in economic development financing, is dedicated to facilitating industrial and economic growth. Serving as an Industrial Development Corporation in accordance with the Pennsylvania Industrial Development Authority Act, this organization administers funds available under the Small Business First Fund and the Small Business Administration (SBA) 504 Program. Its primary objective is to originate and manage loans, which are instrumental in assisting small businesses in their start-up and expansion phases within Lancaster County. By providing financial resources such as SBA 504, Pennsylvania Industrial Development Authority, Building PA, and traditional IDA tax-exempt loans, Edc Finance Corporation plays a crucial role in fostering economic development in the business, developer, and farmer sectors.
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Impact
October, 2024
EDC Finance Corporation significantly impacts industrial and economic development in Lancaster County by facilitating access to vital loan resources for small businesses, developers, and farmers. Through various financing programs, including the Pennsylvania Industrial Development Authority, Small Business First Fund, and SBA 504 Program, the organization plays a crucial role in the startup and expansion of enterprises in the region.
By administering loans, EDC Finance helps to create jobs, stimulate local economies, and foster innovation and growth within the community. Their efforts not only support individual businesses but also contribute to the overall economic landscape of Lancaster County, enhancing its competitiveness and sustainability. As a leading provider of economic development financing, EDC Finance Corporation is a cornerstone in promoting community improvement and driving forward the region's economic prosperity.
This information is meant to be a general summary of Edc Finance Corporation. 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.
- Investment Income: $13,638
- Program Service Revenue: $1,003,735
- Gross Receipts: $1,017,565
Assets and Liabilities:
- Total Assets: $2,667,867
- Total Liabilities: $1,686,930
- Net Assets: $980,937
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOAN ADMINISTRATION FEES
Revenue
$926,514
OTHER PROGRAM RELATED REVENUE
Revenue
$77,221
Organization Details
Founding Year
1987
Phone
(717) 397-4046Principal Officer
Lisa D Riggs
Main Address
115 EAST KING STREET, LANCASTER, PA, 17602
Website
www.edcfinancecorp.comNTEE Category
Code: S30 - Community improvement
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