Overview
What is Community Lenders Community Development Corporation?
Community Lenders Community Development Corporation, established in 1999, is a nonprofit organization located in Souderton, Pennsylvania. This multi-bank lending consortium has served over 78 agencies and has provided housing to over 2,632 individuals and families, dispensing funds totaling over $80.5 million in loans. Its primary mission is to revitalize communities by financing and investing in housing and community development projects that cater to the needs of low and moderate-income individuals and areas in Berks, Bucks, Chester, Delaware, Lehigh, Montgomery, Northampton, and Philadelphia counties. The organization, with a small team of two employees, plays a significant role in addressing housing and community development needs in these regions.
Official website here: www.communitylenderspa.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Star rating)
Community Lenders Community Development Corporation has received an 81% rating from Charity Navigator, which reflects a solid level of accountability and finance management. This score highlights the organization’s commitment to transparency and effective governance, with a perfect score for having a fully independent board and well-structured financial oversight.
The organization excels in its program expense ratio, dedicating an impressive 96.31% of its resources directly to programs. Additional strengths include comprehensive policies on conflict of interest, whistleblower protections, and robust document management practices, ensuring ethical operations and accountability to stakeholders.
However, while the financial management aspects are commendable, the overall rating of three stars suggests there may be areas in operational effectiveness or service impact that could benefit from further improvement. Continued focus on enhancing program outcomes will be essential for elevating its rating and overall effectiveness in the community.
This AI summary has been generated from information found on Charity Navigator.
Is Community Lenders Community Development Corporation legitimate?
Community Lenders Community Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Community Lenders Community Development 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: $57,740
Professional Fundraising Fees: $0
Other Salaries and Wages: $18,688
For more financial information, click here
Official website here: www.communitylenderspa.org
What is the mission statement of Community Lenders Community Development Corporation?
Community Lenders Community Development Corporation's mission is to promote and facilitate community revitalization. They achieve this by providing long-term financing for projects that address the needs of low and moderate-income individuals and areas. The organization's primary goal is to invest in housing and community development activities, with a focus on addressing the needs of those with lower income levels. Since its establishment in 1999, Community Lenders Community Development Corporation has served over 78 agencies and has provided housing for over 2,632 individuals and families through the dispersal of over $80.5 million in loans.
Official website here: www.communitylenderspa.org
Who is the CEO of Community Lenders Community Development Corporation?
Steven Kopenhaver is the Principal Officer of Community Lenders Community Development Corporation.
Official website here: www.communitylenderspa.org
What is the revenue of Community Lenders Community Development Corporation?
Community Lenders Community Development Corporation's revenue in 2022 was $2,129,949.
Official website here: www.communitylenderspa.org
Who are the executives of Community Lenders Community Development Corporation and what are their salaries?
The average compensation at Community Lenders Community Development Corporation during 2022 was $38,214. There are 2 employees and 32 volunteers at Community Lenders Community Development Corporation.
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Official website here: www.communitylenderspa.org
Where can I find the form 990 for Community Lenders Community Development Corporation?
Community Lenders Community Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.communitylenderspa.org
Learn more at the official website: www.communitylenderspa.org
Mission Statement of Community Lenders Community Development Corporation
Community Lenders Community Development Corporation, a multi-bank lending consortium, is dedicated to promoting and facilitating community revitalization. It achieves this by providing long-term financing for projects that cater to the needs of low and moderate-income individuals and areas. The organization's mission is to invest in housing and community development activities, thereby addressing the needs of these underprivileged communities. Since its establishment in 1999, Community Lenders Community Development Corporation has served over 78 agencies, providing housing for over 2,632 individuals and families. It has disbursed over $80.5 million in loans, contributing significantly to community development and improvement.
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Impact
October, 2024
Community Lenders Community Development Corporation has significantly impacted low and moderate-income individuals and communities across multiple counties, including Berks, Bucks, Chester, Delaware, Lehigh, Montgomery, Northampton, and Philadelphia. Since its inception in 1999, it has disbursed over $80.5 million in loans, facilitating housing solutions for more than 2,632 individuals and families. The organization collaborates with over 78 agencies to promote community revitalization, emphasizing long-term financing for projects that address the specific needs of underserved areas. By prioritizing investments in housing and community development activities, it plays a crucial role in enhancing the quality of life for many, contributing to the overall stability and growth of these communities.
This information is meant to be a general summary of Community Lenders Community Development 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: $3,183
- Program Service Revenue: $2,126,766
- Gross Receipts: $2,129,949
Assets and Liabilities:
- Total Assets: $50,531,502
- Total Liabilities: $49,956,390
- Net Assets: $575,112
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MORTAGAGE INTEREST INC
Revenue
$2,000,499
LOAN SERVICE FEES
Revenue
$111,267
MEMBERSHIP FEES
Revenue
$15,000
Organization Details
Founding Year
1999
Phone
(215) 799-1340Principal Officer
Steven Kopenhaver
Main Address
120 E BROAD STREET SUITE 2, SOUDERTON, PA, 18964
Website
www.communitylenderspa.orgNTEE Category
Code: L12 - Housing
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