Overview
What is Finanta?
Finanta is a nonprofit lending institution situated in Philadelphia, Pennsylvania. Its primary mission is to facilitate access to capital and consultation services for entrepreneurs, first-time homebuyers, and consumers in the Delaware Valley region. Finanta offers a variety of technical assistance and loan products, including those for small businesses, start-ups, and first-time homebuyers. Their services are complemented by credit building and financial coaching, business training, and incubating space. Finanta's reach extends to supporting local affordable real estate developers, aiming to empower individuals and communities in the region. With around 23 employees, Finanta plays a crucial role in fostering economic growth and financial stability within its community.
Is Finanta legitimate?
Finanta is a legitimate nonprofit organization registered as a 501(c)(3) entity. Finanta 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: $177,380
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,047,396
For more financial information, click here
What is the mission statement of Finanta?
Finanta, as a nonprofit lending institution, strives to facilitate access to capital and consultation services for entrepreneurs, first-time homebuyers, and consumers in their region. Their mission is twofold: they provide financial assistance through various loan products, and they offer additional support through credit building and financial coaching, business training, and incubating space. This comprehensive approach aims to empower these groups, enabling them to grow their businesses, become homeowners, and manage their finances more effectively.
Who is the CEO of Finanta?
Luis Mora is the President of Finanta.
What is the revenue of Finanta?
Finanta's revenue in 2020 was $3,961,565.
Who are the executives of Finanta and what are their salaries?
The average compensation at Finanta during 2020 was $53,251. There are 23 employees at Finanta.
Here are 10 key members and their salaries:
- Compensation: $108,568
- Related: $0
- Other: $14,965
- 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
Where can I find the form 990 for Finanta?
Finanta's most recent form 990 was submitted in 2020 and can be accessed here.
Mission Statement of Finanta
Finanta, a nonprofit lending institution, is dedicated to making capital and consultation services accessible to entrepreneurs, first-time homebuyers, and consumers residing in the Delaware Valley region. The organization's mission is multifaceted, aimed at facilitating growth and financial stability in various sectors. Finanta provides technical assistance and loan products tailored for entrepreneurs, startups, and small businesses, as well as first-time consumer and homebuyer borrowers. These services are complemented with credit building and financial coaching, business training, and incubating space. By offering such comprehensive support, Finanta empowers its clients to build strong foundations for their ventures and achieve financial success.
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
Finanta plays a crucial role in enhancing economic opportunities for individuals and businesses in the Delaware Valley region. By providing access to capital and consultation services, it empowers entrepreneurs, first-time homebuyers, and consumers to achieve their goals. Finanta's support extends beyond financial products; it includes technical assistance, financial coaching, and business training, which equip clients with the knowledge and skills needed to succeed.
The impact of Finanta is particularly evident in its contributions to local economic development. It facilitates access to capital, enabling small businesses and startups to grow and thrive, thus creating jobs and stimulating community improvement. For first-time homebuyers, Finanta's financial support helps to navigate the complexities of homeownership, fostering stability and investment in neighborhoods.
Moreover, through credit building initiatives and incubating spaces, Finanta nurtures a culture of entrepreneurship. This approach not only enhances individual financial well-being but also strengthens the local economy by promoting sustainable growth and long-term success for businesses and residents alike. Overall, Finanta's work significantly enhances the quality of life in the region, paving the way for a more vibrant and economically inclusive community.
This information is meant to be a general summary of Finanta. 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 2020.
- Investment Income: $20,781
- Program Service Revenue: $932,855
- Gross Receipts: $3,961,565
Assets and Liabilities:
- Total Assets: $26,712,102
- Total Liabilities: $6,752,458
- Net Assets: $19,959,644
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.
INTEREST FROM LOANS
Revenue
$603,282
LOAN AND PROGRAM FEES
Revenue
$85,564
RENTAL INCOME
Revenue
$80,794
DOWNPAYMENT ASSISTANCE LENDING
Revenue
$146,250
OTHER PROGRAM INCOME
Revenue
$16,965
Organization Details
Founding Year
1996
Phone
(215) 426-3882Principal Officer
Luis Mora
Main Address
1301 NORTH 2ND STREET, PHILADELPHIA, PA, 19122
NTEE Category
Code: S20 - Community improvement
If you are a representative of Finanta 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.