Overview
What is Gloucester Revolving Loan Fund Inc?
Gloucester Revolving Loan Fund Inc is a nonprofit organization situated in Foster, Virginia. With a mission to promote economic stability, particularly during challenging times like a pandemic, they offer interest-free loans. Their purpose extends beyond just providing financial aid; they offer partial funding for businesses and non-profit organizations undertaking economic development activities within the Gloucester Village area of Gloucester County, Virginia. This is defined by the organization's Articles of Incorporation. The fund's objective is to contribute to the growth and prosperity of the local community.
Official website here: www.gloucesterloanfund.com
Is Gloucester Revolving Loan Fund Inc legitimate?
Gloucester Revolving Loan Fund Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Gloucester Revolving 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:
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Official website here: www.gloucesterloanfund.com
What is the mission statement of Gloucester Revolving Loan Fund Inc?
The Gloucester Revolving Loan Fund Inc has been established with the mission to provide partial funding for businesses and non-profit organizations engaged in activities broadly defined as economic development within a specific area. This mission is in line with the articles of incorporation of the corporation. The primary goal is to support initiatives that contribute to economic growth within the organization's defined scope. During the pandemic, the fund has also provided interest-free loans to promote economic stability.
Official website here: www.gloucesterloanfund.com
Who is the CEO of Gloucester Revolving Loan Fund Inc?
James A Robinson Jr is the Chairman of Gloucester Revolving Loan Fund Inc.
Official website here: www.gloucesterloanfund.com
What is the revenue of Gloucester Revolving Loan Fund Inc?
Gloucester Revolving Loan Fund Inc's revenue in 2022 was $251,574.
Official website here: www.gloucesterloanfund.com
Who are the executives of Gloucester Revolving Loan Fund Inc and what are their salaries?
Here are 7 key members and their salaries:
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Official website here: www.gloucesterloanfund.com
Where can I find the form 990 for Gloucester Revolving Loan Fund Inc?
Gloucester Revolving Loan Fund Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.gloucesterloanfund.com
Learn more at the official website: www.gloucesterloanfund.com
Mission Statement of Gloucester Revolving Loan Fund Inc
Gloucester Revolving Loan Fund Inc, as a non-profit organization, was established with a mission to provide partial funding for businesses and non-profit entities undertaking economic development activities within a defined area. This area, as per the corporation's articles of incorporation, is known as the Gloucester Village in Gloucester County, Virginia. The primary objective of Gloucester Revolving Loan Fund Inc is to support ventures that contribute to economic growth and stability within this specified region.
In simpler terms, Gloucester Revolving Loan Fund Inc serves as a financial resource for businesses and non-profits, aiding them in their endeavors to promote economic development. By providing funding, this organization plays a crucial role in fostering growth and stability within its designated area, ultimately contributing to the overall economic well-being of the community. During the pandemic, Gloucester Revolving Loan Fund Inc further demonstrated its commitment by offering interest-free loans, demonstrating its adaptability and responsiveness to the changing needs of its beneficiaries.
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Impact
October, 2024
Gloucester Revolving Loan Fund Inc has made a significant impact by providing financial support to businesses and nonprofit organizations in the Gloucester Village area of Gloucester County, Virginia. Through its interest-free loans, the fund has played a crucial role in promoting economic stability, especially during the challenges posed by the pandemic. By facilitating access to funding, it has empowered local enterprises to undertake projects aimed at economic development, resulting in enhanced community improvement and resilience. This initiative not only supports individual businesses but also contributes to the overall economic health of the region, fostering growth and sustainability in the local economy.
This information is meant to be a general summary of Gloucester Revolving 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: $8,485
- Program Service Revenue: $60
- Gross Receipts: $943,089
Assets and Liabilities:
- Total Assets: $262,669
- Total Liabilities: $0
- Net Assets: $262,669
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INTEREST INCOME
Revenue
$60
Organization Details
Founding Year
2012
Phone
(804) 694-9912Principal Officer
James A Robinson Jr
Main Address
PO BOX 160, FOSTER, VA, 23056
Website
www.gloucesterloanfund.comNTEE Category
Code: S99 - Community improvement
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