Overview
What is Church Loan Fund Inc?
Church Loan Fund Inc is a nonprofit organization based in Cleveland, Tennessee. Their primary mission is to manage and administer church loans for existing and future participants of the Church of God Ministers' Retirement Plan and affiliated organizations. They also act as an originator of first mortgage church loans for qualified congregations within the Church of God, a global religious denomination. The organization's activities are focused on providing financial assistance to these congregations, contributing to the growth and development of the Church of God community.
Official website here: www.churchloanfund.com
Is Church Loan Fund Inc legitimate?
Church Loan Fund Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Church Loan 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.churchloanfund.com
What is the mission statement of Church Loan Fund Inc?
Church Loan Fund Inc's mission is centered around managing and administering church loans, specifically first mortgage church loans, for qualified congregations within the Church of God, an international religious denomination. The organization also serves as an originator for these loans. Additionally, they oversee a loan program for participants of the Church of God Ministers' Retirement Plan and affiliated organizations. This program is designed to provide financial assistance for both existing and future participants.
Official website here: www.churchloanfund.com
Who is the CEO of Church Loan Fund Inc?
Arthur Rhodes is the Board Member of Church Loan Fund Inc. The CEO's salary of Church Loan Fund Inc is $0 and their total compensation is $0.
Official website here: www.churchloanfund.com
What is the revenue of Church Loan Fund Inc?
Church Loan Fund Inc's revenue in 2022 was $2,175,299.
Official website here: www.churchloanfund.com
Who are the executives of Church Loan Fund Inc and what are their salaries?
Here are 7 key members and their salaries (Church Loan Fund Inc's CEO's salary is $0 and their total compensation is $0):
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Official website here: www.churchloanfund.com
Where can I find the form 990 for Church Loan Fund Inc?
Church Loan Fund Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.churchloanfund.com
Learn more at the official website: www.churchloanfund.com
Mission Statement of Church Loan Fund Inc
Church Loan Fund Inc, as a nonprofit entity, is dedicated to serving as both the manager and administrator of church loans, and acting as an originator of first mortgage church loans for qualified congregations within the Church of God, an international religious denomination. The organization's mission is centered around providing financial support to these congregations, ensuring they have the necessary resources to maintain and grow their religious institutions. By offering first mortgage church loans, Church Loan Fund Inc is able to assist congregations in securing long-term financing for their properties, ultimately contributing to the stability and growth of the Church of God community. Additionally, the nonprofit administers a loan program for existing and future participants of the Church of God Ministers' Retirement Plan and affiliated organizations, providing further financial assistance to the congregations and their members.
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Impact
October, 2024
Church Loan Fund Inc significantly impacts congregations by providing essential financial support tailored to the needs of qualified churches within the Church of God denomination. By managing and administering church loans, it facilitates access to first mortgage loans that enable these congregations to pursue their mission and expand their facilities.
The organization streamlines the loan process for established and emerging churches, ensuring that they can secure funding for vital projects, such as building new worship spaces, renovating existing structures, or financing other community services. This support not only helps churches thrive but also strengthens their role within the community by enhancing their ability to serve their members and outreach programs.
Furthermore, by specifically catering to participants in the Church of God Ministers' Retirement Plan and affiliated organizations, Church Loan Fund Inc reinforces the financial stability and growth of religious entities, fostering a nurturing environment for faith-based initiatives. Through its strategic financial management and origination services, the organization plays a crucial role in empowering congregations to achieve their goals, ultimately contributing to the vibrancy and sustainability of their communities.
This information is meant to be a general summary of Church Loan Fund Inc. 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: $2,171,909
- Gross Receipts: $2,175,299
Assets and Liabilities:
- Total Assets: $47,934,877
- Total Liabilities: $47,802,387
- Net Assets: $132,490
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Organization Details
Founding Year
2010
Phone
(423) 478-7131Principal Officer
Arthur Rhodes
Main Address
PO BOX 4608, CLEVELAND, TN, 37320
Website
www.churchloanfund.comNTEE Category
Code: X122 - Religion related
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