Overview
What is Contractor Loan Fund Inc?
Contractor Loan Fund Inc, based in Saint Louis, Missouri, is a collaborative nonprofit organization that aims to foster a more inclusive region. Their primary mission involves providing loans and technical assistance to certified minority and women-owned businesses (M/WBES). This initiative supports these enterprises in securing construction and expansion funds, thereby facilitating their increased involvement in local projects. By pooling resources from various local government agencies, not-for-profit organizations, and private businesses, Contractor Loan Fund Inc serves as a vital partner for minority and women entrepreneurs in their growth journey, contributing to a more diverse and inclusive regional economy.
Is Contractor Loan Fund Inc legitimate?
Contractor Loan Fund Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Contractor 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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What is the mission statement of Contractor Loan Fund Inc?
Contractor Loan Fund Inc's mission is centered around providing financial aid and technical assistance to certified minority and women-owned business enterprises. This is done through a coalition of local governments, non-profit organizations, and private sector businesses, all committed to fostering a more inclusive region. By pooling their resources, they offer construction and expansion loans to these businesses, thereby facilitating their increased participation in regional construction projects. This initiative aims to level the playing field and promote economic growth within the minority and women-owned business community.
Who is the CEO of Contractor Loan Fund Inc?
Christopher K Reichert is the Chairman of Contractor Loan Fund Inc.
What is the revenue of Contractor Loan Fund Inc?
Contractor Loan Fund Inc's revenue in 2020 was $5,146.
Who are the executives of Contractor Loan Fund Inc and what are their salaries?
There 34 volunteers at Contractor Loan Fund Inc.
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Where can I find the form 990 for Contractor Loan Fund Inc?
Contractor Loan Fund Inc's most recent form 990 was submitted in 2020 and can be accessed here.
Mission Statement of Contractor Loan Fund Inc
Contractor Loan Fund Inc, a coalition of local governments, not-for-profit organizations, and private sector businesses, is committed to fostering a more inclusive region. Their mission is to provide construction and expansion loans to certified minority and women-owned businesses. By pooling their financial and technical resources, they aim to facilitate the greater participation of these businesses in construction projects throughout the region. This initiative by Contractor Loan Fund Inc is a strategic move towards promoting equality and inclusivity in the business sector.
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Impact
October, 2024
Contractor Loan Fund Inc has played a significant role in empowering certified minority and women-owned businesses in St. Louis by providing essential financial resources and technical assistance. Through its loan program, it facilitated access to funding for these businesses, enabling them to undertake construction projects and expand their operations. With loan commitments of up to $1 million, this funding empowered many enterprises that faced traditional barriers in securing financing.
By pooling financial and technical resources from local governments and private sector partners, Contractor Loan Fund Inc fostered an inclusive environment that encouraged greater participation of minority and women-owned businesses in the region's construction projects. This initiative not only supported the growth of these businesses but also contributed to a more diverse and equitable economic landscape, thereby promoting public benefit and community development in St. Louis.
Although the program has since been discontinued, its impact continues to resonate through the partnerships formed and the opportunities created for minority and women entrepreneurs, highlighting the importance of inclusive financial practices in community development.
This information is meant to be a general summary of Contractor 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 2020.
- Program Service Revenue: $5,146
- Gross Receipts: $5,146
Assets and Liabilities:
- Total Assets: $0
- Total Liabilities: $0
- Net Assets: $0
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOAN ORIGINATION FEES
Revenue
$5,146
Organization Details
Founding Year
2015
Phone
(314) 342-2992Principal Officer
Christopher K Reichert
Main Address
1520 MARKET ST NO 2000, SAINT LOUIS, MO, 63103
NTEE Category
Code: W60 - Public benefit
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