Overview
What is Ncrc Community Development Fund Inc?
Ncrc Community Development Fund Inc is a nonprofit organization situated in Washington D.C., specifically at 740 15th Street NW 400. Their primary focus is to empower minority-owned, women-owned, and low-income-owned businesses through financial assistance. Serving as a lending institution, they provide credit to individuals and businesses with low incomes, thereby contributing to their economic growth and development.
Is Ncrc Community Development Fund Inc legitimate?
Ncrc Community Development Fund Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ncrc Community Development Fund Inc 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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Mission Statement of Ncrc Community Development Fund Inc
Ncrc Community Development Fund Inc, as a lending institution, is dedicated to serving low and moderate-income individuals and families. Its mission is to provide credit to these groups, as well as to low-income businesses. This organization plays a crucial role in supporting economic growth within these communities by offering financial resources.
One of the specific programs offered by Ncrc Community Development Fund Inc is its Small Business Program. This program is designed to assist minority-owned, women-owned, and low-income business owners by providing them with funding. By offering these financial services, the organization aims to foster economic empowerment and stimulate growth within these communities. By doing so, it contributes to a more equitable and inclusive economic landscape.
Impact
This information is meant to be a general summary of Ncrc Community Development Fund Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
Ncrc Community Development Fund Inc plays a crucial role in providing access to credit and funding opportunities for low and moderate-income individuals and businesses, particularly minority-owned, women-owned, and low-income-owned businesses. By acting as a lending institution, it helps these individuals and families secure the financial support they need to thrive and succeed. Through its small business program, Ncrc Community Development Fund Inc contributes to the growth and empowerment of underserved communities, fostering economic development and empowerment. Its impact can be seen in the tangible improvement of community businesses and the economic opportunities created for those who may have otherwise faced significant barriers.
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.
INTEREST
Revenue
$1,397,007
UNDERWRITING & PROCESS
Revenue
$12,760
PROGRAM SERVICE FEES
Revenue
$7,428
Organization Details
Founding Year
2007
Phone
(202) 628-8866
Principal Officer
Marisa Calderon
Main Address
740 15TH STREET NW 400, WASHINGTON, DC, 20005
NTEE Category
Code: S40 - Community improvement
If you are a representative of Ncrc Community Development Fund Inc 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.