Overview
What is Pennsylvania Community Development & Finance Corp?
Pennsylvania Community Development & Finance Corp is a certified development company situated in Reading, Pennsylvania. Its primary mission is to facilitate the growth of new and existing businesses by offering SBA 504 loans. These loans provide fixed-rate, long-term financing at below-market rates, thereby making it easier for businesses to secure necessary funds. The organization's programs primarily revolve around this SBA loan provision, aiming to support economic development and job creation in the community.
Official website here: www.pcdfc.com
Is Pennsylvania Community Development & Finance Corp legitimate?
Pennsylvania Community Development & Finance Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Pennsylvania Community Development & Finance Corp 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.
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Executive Compensation: $195,188
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Official website here: www.pcdfc.com
What is the mission statement of Pennsylvania Community Development & Finance Corp?
Pennsylvania Community Development & Finance Corp serves as a certified development company, dedicated to providing SBA 504 loans to new and expanding businesses. Their primary goal is to offer fixed-rate, long-term financing with below-market rates. This financial assistance is designed to support businesses seeking growth and stability. By doing so, the organization aims to contribute to the economic development of various industries, ultimately fostering job creation and business expansion.
Official website here: www.pcdfc.com
What is the revenue of Pennsylvania Community Development & Finance Corp?
Pennsylvania Community Development & Finance Corp's revenue in 2024 was $304,114.
Official website here: www.pcdfc.com
Who are the executives of Pennsylvania Community Development & Finance Corp and what are their salaries?
Here are 10 key members and their salaries:
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Official website here: www.pcdfc.com
Where can I find the form 990 for Pennsylvania Community Development & Finance Corp?
Pennsylvania Community Development & Finance Corp's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.pcdfc.com
Learn more at the official website: www.pcdfc.com
Mission Statement of Pennsylvania Community Development & Finance Corp
Pennsylvania Community Development & Finance Corp, as a certified development company, is dedicated to a unique mission. It provides SBA 504 loans to new and growing businesses in need of fixed-rate, long-term financing at below-market rates. This organization's primary goal is to support businesses seeking expansion or establishment, offering them the financial assistance necessary to achieve their growth objectives. By providing these loans, Pennsylvania Community Development & Finance Corp plays a crucial role in fostering economic development and job creation within the business community. The organization's activities contribute to the economic vitality of the businesses it serves, ultimately leading to a stronger and more prosperous economic landscape.
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Impact
October, 2024
Pennsylvania Community Development & Finance Corp significantly impacts local economies by facilitating access to SBA 504 loans, which are essential for new and growing businesses. By offering fixed-rate, long-term financing at below market rates, the organization enables entrepreneurs to secure the necessary capital for expansion, equipment purchases, and property investments. This financial support not only fosters business growth but also contributes to job creation and community development in Reading, PA, and surrounding areas.
The organization's commitment to providing tailored financing solutions helps stimulate economic activity, encouraging entrepreneurial ventures that might otherwise struggle to obtain funding through traditional channels. As a result, Pennsylvania Community Development & Finance Corp plays a vital role in enhancing community improvement, supporting local businesses, and encouraging sustainable economic growth.
This information is meant to be a general summary of Pennsylvania Community Development & Finance Corp. 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 2024.
- Investment Income: $3,245
- Program Service Revenue: $294,869
- Gross Receipts: $304,114
Assets and Liabilities:
- Total Assets: $153,490
- Total Liabilities: $5,587
- Net Assets: $147,903
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Processsing Fees
Revenue
$72,899
Service Fee 504 Related
Revenue
$221,970
Organization Details
Founding Year
2008
Principal Officer
Tim Warfeild
Website
www.pcdfc.comNTEE Category
Code: S20Z - Community improvement
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