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The Center For Community Lending

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 311572726 ✦ Washington, DC ✦ Designated as a 501(c)(3)

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Overview

What is The Center For Community Lending?

The Center for Community Lending is a nonprofit organization situated in Washington, DC. Its primary mission is to conduct and sponsor research on community lending, aiming to enhance understanding and practices in this area. The center actively works towards revitalizing distressed and underprivileged communities, eliminating discrimination in lending, and fostering equal opportunities for credit access. It expands credit availability, stimulates job creation in underserved areas, organizes conferences, and is committed to eradicating bias in lending practices. The center's initiatives contribute to the revitalization of distressed neighborhoods and overall community development.


Official website here: www.centercommunitylending.org

Is The Center For Community Lending legitimate?

The Center For Community Lending is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Center For Community Lending submitted a form 990EZ, 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.


Official website here: www.centercommunitylending.org

What is the mission statement of The Center For Community Lending?

The Center for Community Lending works towards conducting and sponsoring research on community lending, promoting the revitalization of distressed neighborhoods, and eliminating discrimination in lending. Its mission extends to expanding the availability of credit, stimulating job creation, and focusing on equality of opportunity for credit access. The organization also hosts conferences and is dedicated to revitalizing distressed communities.


Official website here: www.centercommunitylending.org

Who is the CEO of The Center For Community Lending?

Sara Spofford is the Secretary of The Center For Community Lending. The CEO's salary of The Center For Community Lending is $0 and their total compensation is $0.


Official website here: www.centercommunitylending.org

What is the revenue of The Center For Community Lending?

The Center For Community Lending's revenue in 2022 was $143,450.


Official website here: www.centercommunitylending.org

Who are the executives of The Center For Community Lending and what are their salaries?


Here are 9 key members and their salaries (The Center For Community Lending's CEO's salary is $0 and their total compensation is $0):


Benson Roberts (President And Ceo)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joseph Flatley (Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sara Spofford (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Doug Schaeffer (Treasurer (From 4/2022))
  • Compensation: $0
  • Related: $0
  • Other: $0
Kerri Holloway (Treasurer (To 4/2022))
  • Compensation: $0
  • Related: $0
  • Other: $0
Jack Markowski (Director (To 4/2022))
  • Compensation: $0
  • Related: $0
  • Other: $0
Merilyn Rovira (Director (From 4/2022))
  • Compensation: $0
  • Related: $0
  • Other: $0
Kris Siglin (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mark Willis (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.centercommunitylending.org

Where can I find the form 990EZ for The Center For Community Lending?

The Center For Community Lending's most recent form 990EZ was submitted in 2022 and can be accessed here.


Official website here: www.centercommunitylending.org

Learn more at the official website: www.centercommunitylending.org

Mission Statement of The Center For Community Lending

The Center for Community Lending is dedicated to conducting and sponsoring research on community lending, aiming to revitalize distressed and underserved neighborhoods. Its mission extends beyond this, as it also works towards eliminating discrimination in lending and promoting equality of opportunity in credit access. The center strives to expand the availability of credit, thereby stimulating job creation for unemployed individuals. Additionally, The Center for Community Lending organizes conferences and focuses its efforts on eradicating discrimination in lending, thereby contributing to the overall betterment of communities.

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Impact




October, 2024

The Center for Community Lending significantly impacts underserved communities by conducting essential research on community lending and advocating for equitable access to credit. By promoting the revitalization of distressed neighborhoods, the center helps stimulate economic growth, thus creating job opportunities for unemployed individuals. Its efforts to eliminate discrimination in lending ensure that all community members have a fair chance to secure financial resources. Through hosting conferences and engaging in outreach, the center fosters dialogue and collaboration among stakeholders, further enhancing its mission to expand access to credit and promote equal opportunities for all. Ultimately, The Center for Community Lending plays a crucial role in transforming lives and revitalizing communities in Washington, DC, and beyond.




This information is meant to be a general summary of The Center For Community Lending. 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.

Revenue
$143,450 (2022)
Expenses
$120,284 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Program Service Revenue: $22,250
  • Gross Receipts: $143,450

Assets and Liabilities:

  • Total Assets: $239,214
  • Total Liabilities: $86,017
  • Net Assets: $153,197

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Organization Details

Principal Officer

Sara Spofford

Main Address

1025 CONNECTICUT AVENUE NW 710, WASHINGTON, DC, 20036

NTEE Category

Code: P51 - Human services

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