Overview
What is Fresno Community Development Financial Institution?
Fresno Community Development Financial Institution, operating under the name Access Plus Capital, is a certified nonprofit organization based in Fresno, California. With a mission to eliminate economic barriers, they provide various financial resources, including loans, to small business entrepreneurs residing in economically disadvantaged areas. By offering capital, management assistance, and loan services, Access Plus Capital aims to stimulate economic development in these communities. As a Community Development Financial Institution (CDFI) and small business lender, they invest fairly and equitably in local businesses, promoting financial success for those who might otherwise face economic obstacles.
Official website here: www.accesspluscapital.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 83% (Three-Star out of Four Stars)
Fresno Community Development Financial Institution, operating as Access Plus Capital, has received a Three-Star rating from Charity Navigator, indicating a solid level of accountability and transparency. The organization excels in program expense ratio and working capital ratio, demonstrating effective use of funds and financial stability. With 100% independent board members and no reported material diversion of assets, it showcases strong governance practices and a commitment to ethical management.
The organization's strengths also include high scores in cultural and community metrics, reflecting its dedication to equity practices. Access Plus Capital has implemented nine equity strategies, which underscores its focus on inclusivity and community development. The financial health metrics are generally favorable, though the liabilities to assets ratio could be improved to enhance overall financial resilience.
However, the organization faces challenges in fundraising efficiency, receiving a low score in this area. This might indicate difficulties in generating funds relative to expenses, which could affect its ability to sustain operations in the long run. Addressing this weakness could enhance its overall performance and service delivery to the community.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Fresno Community Development Financial Institution?
98% of 16 reviewers on Facebook recommend Fresno Community Development Financial Institution. Here is a summary of their reviews:
The nonprofit is highly regarded for its commitment to supporting local small businesses through accessible loans. Many users appreciate the impact the organization has in the community, emphasizing its role in fostering economic growth and entrepreneurship.
Overall, the sentiment toward this institution is overwhelmingly positive, indicating that it effectively fulfills its mission and resonates well with those it serves. The alignment with community needs is a key theme in the reviews, showcasing the organization's value in promoting local business development.
This AI summary has been generated from reviews found on Facebook.
Is Fresno Community Development Financial Institution legitimate?
Fresno Community Development Financial Institution is a legitimate nonprofit organization registered as a 501(c)(3) entity. Fresno Community Development Financial Institution 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,486,455
For more financial information, click here
Official website here: www.accesspluscapital.com
What is the mission statement of Fresno Community Development Financial Institution?
Fresno Community Development Financial Institution, operating under the name Access Plus Capital, functions as a certified nonprofit community development financial institution (CDFI) and small business lender. Their primary mission is to eliminate economic barriers to financial success by promoting fair and equitable community investment. This organization provides various financial resources, such as loans, management assistance, and capital, to small business entrepreneurs in economically disadvantaged areas. By doing so, they aim to stimulate economic development and foster financial success in these communities.
Official website here: www.accesspluscapital.com
Who is the CEO of Fresno Community Development Financial Institution?
Tate Hill is the President of Fresno Community Development Financial Institution.
Official website here: www.accesspluscapital.com
What is the revenue of Fresno Community Development Financial Institution?
Fresno Community Development Financial Institution's revenue in 2022 was $3,653,075.
Official website here: www.accesspluscapital.com
Who are the executives of Fresno Community Development Financial Institution and what are their salaries?
Here are 12 key members and their salaries:
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- Related: $126,247
- Other: $13,460
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Official website here: www.accesspluscapital.com
Where can I find the form 990 for Fresno Community Development Financial Institution?
Fresno Community Development Financial Institution's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.accesspluscapital.com
Learn more at the official website: www.accesspluscapital.com
Mission Statement of Fresno Community Development Financial Institution
Fresno Community Development Financial Institution, doing business as Access Plus Capital, is a certified nonprofit organization with a mission to eliminate economic barriers to financial success. As a Community Development Financial Institution (CDFI) and small business lender, Access Plus Capital operates with a goal to foster fair and equitable community investment. The nonprofit aims to provide capital, management assistance, and various financial resources, including loan services, to small business entrepreneurs in economically disadvantaged areas. By doing so, Access Plus Capital aims to stimulate economic development, thereby contributing to the betterment of these communities.
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Impact
October, 2024
Fresno Community Development Financial Institution (CDFI) plays a crucial role in stimulating economic growth by providing vital financial resources to small business entrepreneurs in economically disadvantaged areas. By offering capital, management assistance, and loan services, it targets economic barriers that often hinder access to financial success. Its mission to ensure fair and equitable community investment not only empowers local businesses but also fosters sustainable development within the community, ultimately enhancing the overall economic landscape in Fresno, California. Through these efforts, the institution contributes significantly to creating jobs, promoting entrepreneurship, and fostering an inclusive economic environment.
This information is meant to be a general summary of Fresno Community Development Financial Institution. 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.
- Program Service Revenue: $1,376,823
- Gross Receipts: $3,653,075
Assets and Liabilities:
- Total Assets: $30,893,281
- Total Liabilities: $16,658,887
- Net Assets: $14,234,394
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Fee for services
Revenue
$204,694
Interest Income
Revenue
$1,172,129
Organization Details
Founding Year
2008
Phone
(559) 552-4200Principal Officer
Tate Hill
Main Address
1920 Mariposa Street 330, Fresno, CA, 93721
Website
www.accesspluscapital.comNTEE Category
Code: W60 - Public benefit
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