Overview
What is Collaborative Lending Initiative Inc?
Collaborative Lending Initiative Inc is a nonprofit organization situated in Philadelphia, Pennsylvania. Their primary mission is to extend the financial resources to organizations engaged in construction projects, particularly those that cater to economically and physically disadvantaged communities. To achieve this, they encourage the involvement of conventional financial institutions by offering credit analysis services, technical assistance, and loan guarantees. By doing so, Collaborative Lending Initiative aims to bolster financial support for underserved communities in Philadelphia.
Is Collaborative Lending Initiative Inc legitimate?
Collaborative Lending Initiative Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Collaborative Lending Initiative 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Collaborative Lending Initiative Inc?
The Collaborative Lending Initiative's mission is centered around expanding the financial resources for organizations involved in construction projects that primarily benefit economically and physically disadvantaged communities. The organization strives to encourage the involvement of traditional financial institutions by offering credit analysis services, technical assistance, and loan guarantees. Their primary objective is to provide financial support to underserved communities, aiming to make a positive impact on these communities' development.
What is the revenue of Collaborative Lending Initiative Inc?
Collaborative Lending Initiative Inc's revenue in 2023 was $0.
Who are the executives of Collaborative Lending Initiative 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 Collaborative Lending Initiative Inc?
Collaborative Lending Initiative Inc's most recent form 990EZ was submitted in 2023 and can be accessed here.
Mission Statement of Collaborative Lending Initiative Inc
Collaborative Lending Initiative, as an organization, is dedicated to expanding the financial resources accessible to entities involved in constructing projects that cater to economically and physically disadvantaged communities. Their primary mission is to encourage the participation of conventional financial institutions by offering them credit analysis services, technical assistance, and loan guarantees. This initiative aims to provide much-needed financial support to underserved communities, thereby contributing to their overall development.
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Impact
October, 2024
The Collaborative Lending Initiative Inc significantly enhances the capital available for construction projects aimed at economically and physically disadvantaged individuals in Philadelphia. By bridging gaps in access to financial resources, the initiative fosters the participation of conventional financial institutions, which often overlook underserved communities.
Through its comprehensive services, including credit analysis, technical assistance, and loan guarantees, the organization empowers local entities to secure the funding necessary for development projects. This support not only facilitates the construction of essential infrastructure but also promotes economic growth and revitalization within marginalized neighborhoods.
By focusing on financial inclusion, the Collaborative Lending Initiative helps cultivate a more equitable landscape for community improvement, ensuring that vulnerable populations access the resources needed to thrive and build better futures.
This information is meant to be a general summary of Collaborative Lending Initiative 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.
Assets and Liabilities:
- Total Assets: $0
- Total Liabilities: $0
- Net Assets: $0
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Organization Details
Principal Officer
Donald Hinkle-Brown
NTEE Category
Code: S31 - Community improvement
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