Overview
What is North Philadelphia Financial Partnership Neighborhood Progress Fund?
The North Philadelphia Financial Partnership Neighborhood Progress Fund is a nonprofit organization situated at 1300 W Lehigh Avenue, Philadelphia, Pennsylvania 19132. With a team of three dedicated individuals, their primary mission is to promote economic empowerment and financial self-sufficiency among the residents living in distressed communities within Philadelphia. They achieve this by offering debt and equity financing to entrepreneurs, businesses, and non-profit organizations, encouraging them to establish or relocate within these areas. The goal is to foster growth and development within these communities, ultimately improving the overall living standards of its residents.
Official website here: www.npfp.org
Is North Philadelphia Financial Partnership Neighborhood Progress Fund legitimate?
North Philadelphia Financial Partnership Neighborhood Progress Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. North Philadelphia Financial Partnership Neighborhood Progress 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.
Here are some key statistics you may want to consider:
Executive Compensation: $161,002
Professional Fundraising Fees: $0
Other Salaries and Wages: $136,829
For more financial information, click here
What is the mission statement of North Philadelphia Financial Partnership Neighborhood Progress Fund?
The North Philadelphia Financial Partnership Neighborhood Progress Fund aims to promote economic empowerment and financial self-sufficiency among residents living in distressed communities. This is achieved by providing debt and equity financing to entrepreneurs, businesses, and non-profit organizations, either currently located or seeking to establish themselves within these communities. The ultimate goal is to stimulate economic growth and improve the overall livelihood of the community members.
Official website here: www.npfp.org
Who is the CEO of North Philadelphia Financial Partnership Neighborhood Progress Fund?
Larrico Owens is the Chair of North Philadelphia Financial Partnership Neighborhood Progress Fund.
Official website here: www.npfp.org
What is the revenue of North Philadelphia Financial Partnership Neighborhood Progress Fund?
North Philadelphia Financial Partnership Neighborhood Progress Fund's revenue in 2022 was $1,165,501.
Official website here: www.npfp.org
Who are the executives of North Philadelphia Financial Partnership Neighborhood Progress Fund and what are their salaries?
The average compensation at North Philadelphia Financial Partnership Neighborhood Progress Fund during 2022 was $99,277. There are 3 employees and 8 volunteers at North Philadelphia Financial Partnership Neighborhood Progress Fund.
Here are 9 key members and their salaries:
- Larrico Owens (Executive Director)
- James A Wellons Esq (Chair) [Trustee/Director]
- Shirley L Coker Esq (Vice Chair) [Trustee/Director]
- Marnicia Devore (Secretary) [Trustee/Director]
- Margaret A Cobb (Treasurer) [Trustee/Director]
- Lisa Corbin (Board Member) [Trustee/Director]
- Kevin Valentine (Board Member) [Trustee/Director]
- Ben Gilbert (Board Member) [Trustee/Director]
- Tarik Brooks (Board Member) [Trustee/Director]
Official website here: www.npfp.org
Where can I find the form 990 for North Philadelphia Financial Partnership Neighborhood Progress Fund?
The North Philadelphia Financial Partnership Neighborhood Progress Fund’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.npfp.org
Learn more at the official website: www.npfp.org
Mission Statement of North Philadelphia Financial Partnership Neighborhood Progress Fund
The North Philadelphia Financial Partnership Neighborhood Progress Fund is dedicated to promoting economic empowerment and financial self-sufficiency among the residents residing in distressed communities within Philadelphia. This non-profit organization operates with a mission to facilitate this change by providing debt and equity financing to entrepreneurs, businesses, and non-profit organizations. By offering this financial assistance, the North Philadelphia Financial Partnership Neighborhood Progress Fund aims to support entities that are either currently based or wish to establish themselves within the distressed communities of Philadelphia. The ultimate goal is to foster growth and development within these communities, thereby improving the overall living standards and financial stability of its residents.
Impact
This information is meant to be a general summary of North Philadelphia Financial Partnership Neighborhood Progress Fund. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
The North Philadelphia Financial Partnership Neighborhood Progress Fund has significantly impacted distressed communities in Philadelphia by providing essential financial support and resources to entrepreneurs, businesses, and non-profit organizations. Through debt and equity financing, the organization plays a crucial role in fostering economic empowerment and financial self-sufficiency among residents living in these communities. By facilitating access to capital and investment opportunities, the Fund helps stimulate economic growth, create employment opportunities, and contribute to overall community improvement in Philadelphia.
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.
LOAN INTEREST
Revenue
$141,855
RECOVERY OF EXPENSES
Revenue
$20,000
LOAN ORIGINATION FEES
Revenue
$1,027
OTHER INCOME
Revenue
$166
Organization Details
Founding Year
1996
Phone
(215) 232-0516
Principal Officer
Larrico Owens
Main Address
1300 W LEHIGH AVENUE 100, PHILADELPHIA, PA, 19132
Website
www.npfp.org
NTEE Category
Code: S310 - Community improvement
If you are a representative of North Philadelphia Financial Partnership Neighborhood Progress 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.