Overview
What is Edc Loan Corporation?
Edc Loan Corporation is a nonprofit organization based in Kansas City, Missouri, specifically at 300 Wyandotte Street, Suite 400. Their primary mission is to provide loans to qualified businesses within their targeted area, which includes the urban core. They collaborate with local lending institutions to facilitate these loans. Additionally, Edc Loan Corporation participates in the Small Business Administration's Section 504 Loan Program as a certified development corporation. This program aims to support small businesses and promote economic growth in their community.
Official website here: www.edckc.com
Is Edc Loan Corporation legitimate?
Edc Loan Corporation is a legitimate nonprofit organization registered as a 501(c)(4) entity. Edc Loan Corporation 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
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Official website here: www.edckc.com
What is the mission statement of Edc Loan Corporation?
The Edc Loan Corporation's mission is centered around providing financial assistance to qualified businesses within its targeted area. This is accomplished primarily by offering loans. The corporation also collaborates with local lending institutions to expand its loan-giving capabilities. Furthermore, Edc Loan Corporation participates in the Small Business Administration's Section 504 Loan Program, acting as a Certified Development Corporation. In essence, the corporation's mission is to support businesses in need of financial aid within its specified area.
Official website here: www.edckc.com
Who is the CEO of Edc Loan Corporation?
Tracey Lewis is the Director of Edc Loan Corporation. The CEO's salary of Edc Loan Corporation is $0 and their total compensation is $158,016.
Official website here: www.edckc.com
What is the revenue of Edc Loan Corporation?
Edc Loan Corporation's revenue in 2022 was $520,219.
Official website here: www.edckc.com
Who are the executives of Edc Loan Corporation and what are their salaries?
Here are 7 key members and their salaries (Edc Loan Corporation's CEO's salary is $0 and their total compensation is $158,016):
- Compensation: $0
- Related: $0
- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
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- Other: $0
- Compensation: $0
- Related: $131,739
- Other: $26,277
- Compensation: $0
- Related: $170,825
- Other: $1,649
Official website here: www.edckc.com
Where can I find the form 990 for Edc Loan Corporation?
Edc Loan Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.edckc.com
Learn more at the official website: www.edckc.com
Mission Statement of Edc Loan Corporation
Edc Loan Corporation, a corporation dedicated to its mission, is committed to providing loans to qualified businesses within its targeted area and the urban core. This organization's primary objective is to extend financial assistance to eligible businesses, aiming to foster growth and development within its designated sector. Edc Loan Corporation accomplishes this mission through collaborative efforts with local lending institutions. Moreover, the corporation is a certified development corporation participating in the Small Business Administration's Section 504 Loan Program, further expanding its capacity to support qualified businesses in need of financial support.
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Impact
October, 2024
Edc Loan Corporation plays a crucial role in fostering economic growth within its targeted areas and the urban core of Kansas City, Missouri. By providing loans to qualified businesses, it enhances access to capital that many small and emerging enterprises may struggle to secure through traditional lending institutions.
The organization collaborates with local lending entities to expand financial opportunities, positioning itself as a bridge between businesses and the necessary resources for growth. Additionally, participation in the Small Business Administration's Section 504 Loan Program empowers businesses with favorable financing options, helping them to invest in real estate or major equipment.
Through these initiatives, Edc Loan Corporation not only supports individual businesses but also contributes to overall community improvement, helping to stimulate job creation and economic revitalization in the region.
This information is meant to be a general summary of Edc Loan Corporation. 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: $316
- Program Service Revenue: $19,903
- Gross Receipts: $520,219
Assets and Liabilities:
- Total Assets: $2,386,310
- Total Liabilities: $61,260
- Net Assets: $2,325,050
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOAN SERVICING FEE
Revenue
$37,028
LOAN INTEREST
Revenue
-$17,125
Organization Details
Founding Year
1980
Phone
(816) 691-2122Principal Officer
Tracey Lewis
Main Address
300 WYANDOTTE ST 400, KANSAS CITY, MO, 64105
Website
www.edckc.comNTEE Category
Code: S43 - Community improvement
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