Overview
What is Tenfold Community Lending?
Tenfold Community Lending is a dedicated nonprofit organization located in Lancaster, Pennsylvania. Their primary mission is to empower individuals and families towards equitable housing and financial security. They achieve this goal through various innovative strategies, including proactive coaching, education, lending, and advocacy. Tenfold's most notable initiative is their Homebuyer Program, which offers interest-free closing cost loans, averaging $8,181, to 65 low-to-moderate income families, enabling them to purchase their first homes. The total amount of such loans originated by Tenfold amounts to $531,767. The loans are deferred until the homes are resold. With a team of 11 dedicated individuals, Tenfold Community Lending is a trusted community partner committed to building wealth and ensuring quality, fair, and affordable housing for all.
Official website here: www.wearetenfold.org
Is Tenfold Community Lending legitimate?
Tenfold Community Lending is a legitimate nonprofit organization registered as a 501(c)(3) entity. Tenfold Community Lending 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.
Here are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $225,608
For more financial information, click here
What is the mission statement of Tenfold Community Lending?
Tenfold Community Lending's mission is to inspire and empower individuals to achieve equitable housing and financial security. Acting as a trusted community partner, Tenfold innovatively builds wealth and ensures the availability of quality, fair, and affordable housing for all. This is accomplished through proactive coaching, educational programs, lending services, and advocacy. The organization's Homebuyer Program provides interest-free closing cost loans, with payments deferred until resale, enabling 65 low-to-moderate income families to purchase their first homes. The total amount of loans originated under this program was $531,767.
Official website here: www.wearetenfold.org
Who is the CEO of Tenfold Community Lending?
Shelby Nauman is the Chair of Tenfold Community Lending. The CEO's salary of Tenfold Community Lending is $0 and their total compensation is $105,214.
Official website here: www.wearetenfold.org
What is the revenue of Tenfold Community Lending?
Tenfold Community Lending's revenue in 2022 was $1,049,418.
Official website here: www.wearetenfold.org
Who are the executives of Tenfold Community Lending and what are their salaries?
The average compensation at Tenfold Community Lending during 2022 was $20,510. There are 11 employees and 15 volunteers at Tenfold Community Lending.
Here are 21 key members and their salaries (Tenfold Community Lending's CEO's salary is $0 and their total compensation is $105,214):
- Michael Mckenna (Ceo (Ended 5/21/22))
- Shelby Nauman (Cio, Ceo)
- Jeff Scheuren (Chair) [Trustee/Director]
- Abby Tucker (Vice Chair) [Trustee/Director]
- Andrew Kehl (Treasurer) [Trustee/Director]
- Charity Welch (Secretary) [Trustee/Director]
- Jamie Arroyo (Director)
- Evon Bergey (Director)
- Timbrel Chyatee (Director)
- William Glover (Director)
- Lisa Greener (Director)
- Jason Hess (Director)
- Richard Jackson (Director)
- Mary Kohler (Director)
- Jill Laskowitz (Director)
- Christina Ortega (Director)
- Elena Padilla (Director)
- Randy Patterson (Director)
- Stephanie Reese (Director)
- Brian Roche (Director)
- Doug Umble (Director)
Official website here: www.wearetenfold.org
Where can I find the form 990 for Tenfold Community Lending?
The Tenfold Community Lending’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.wearetenfold.org
Learn more at the official website: www.wearetenfold.org
Mission Statement of Tenfold Community Lending
Tenfold Community Lending is committed to empowering individuals and families to achieve equitable housing and financial security. Acting as a trusted community partner, Tenfold innovatively builds wealth and ensures the availability of quality, fair, and affordable housing for all. They accomplish this goal through proactive coaching, education, lending, and advocacy. By providing closing cost loans with interest-free payment deferred until resale, Tenfold has aided 65 low- and moderate-income families in purchasing their first homes, with a total loan amount of $531,767. This mission allows Tenfold to serve as a significant force in breaking the cycle of financial instability and promoting stability within communities.
Impact
This information is meant to be a general summary of Tenfold Community Lending. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
Tenfold Community Lending sparks the power in all people to achieve equitable housing and financial security. They are a trusted community partner that innovatively builds wealth and achieves quality, fair, and affordable housing for all through proactive coaching, education, lending, and advocacy. In one of their programs, the Homebuyer Program provided closing cost loans averaging $8,181 to 65 low and moderate-income families, enabling them to purchase their first home. This totaled $531,767 in closing cost loans originated, provided interest-free with payment deferred until resale. Their impact is tangible and direct, making homeownership a reality for those who may not have had the financial means otherwise.
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.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM FEES
Revenue
$3,308
Organization Details
Founding Year
1994
Phone
(717) 397-5182
Principal Officer
Shelby Nauman
Main Address
308 EAST KING STREET, LANCASTER, PA, 17602
Website
www.wearetenfold.org
NTEE Category
Code: L200 - Housing
If you are a representative of Tenfold Community Lending 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.