Overview
What is Tallahassee Lenders' Consortium Inc?
Tallahassee Lenders' Consortium Inc is a nonprofit organization situated in Tallahassee, Florida. Their primary focus is on providing housing assistance to low-income families, offering interest-free down payment loans to 40 such families. Beyond this, their mission extends to offering comprehensive housing services and fostering neighborhood revitalization initiatives. The organization is committed to being client-centric and promotes resident-driven neighborhood improvement projects. Currently, they employ a team of 14 individuals.
Official website here: www.tallahasseelenders.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96%, Four-Star out of Four Star Rating
Tallahassee Lenders' Consortium Inc has achieved an impressive score of 96%, reflected in its Four-Star rating from Charity Navigator. This high score underscores the organization's commitment to accountability and financial health, calculated entirely from its strong performance in the Accountability & Finance category. With a focus on responsible management practices, the organization demonstrates transparency and reliability in its operations.
The Consortium features a fully independent board, meeting the highest standards with 100% independent members, which speaks to its governance quality. Financial oversight is robust, with no material diversion of assets reported, and it maintains a strong program expense ratio of 83.43%, indicating that a significant portion of its resources is directed toward its mission-related activities. This commitment to effective and responsible stewardship of funds is a notable strength.
While the data indicates a solid governance structure and financial integrity, there are no significant limitations noted in the feedback. The organization's clear policies on conflict of interest, whistleblower protection, and document retention further enhance its credibility and operational effectiveness. Overall, Tallahassee Lenders' Consortium Inc stands out as a well-managed nonprofit dedicated to its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Tallahassee Lenders' Consortium Inc legitimate?
Tallahassee Lenders' Consortium Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Tallahassee Lenders' Consortium 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: $84,856
Professional Fundraising Fees: $0
Other Salaries and Wages: $362,276
For more financial information, click here
Official website here: www.tallahasseelenders.org
What is the mission statement of Tallahassee Lenders' Consortium Inc?
The Tallahassee Lenders' Consortium Inc's mission is centered around providing comprehensive housing services and promoting neighborhood revitalization. They are committed to delivering client-focused solutions and actively engage in resident-driven neighborhood improvements. Their mission extends to offering interest-free down payment assistance loans to support 40 low-income families, thereby contributing to the betterment of their communities.
Official website here: www.tallahasseelenders.org
Who is the CEO of Tallahassee Lenders' Consortium Inc?
Robert Gregory Lane is the President of Tallahassee Lenders' Consortium Inc.
Official website here: www.tallahasseelenders.org
What is the revenue of Tallahassee Lenders' Consortium Inc?
Tallahassee Lenders' Consortium Inc's revenue in 2022 was $1,830,852.
Official website here: www.tallahasseelenders.org
Who are the executives of Tallahassee Lenders' Consortium Inc and what are their salaries?
The average compensation at Tallahassee Lenders' Consortium Inc during 2022 was $31,938. There are 14 employees and 9 volunteers at Tallahassee Lenders' Consortium Inc.
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- Compensation: $70,000
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- Other: $14,836
Official website here: www.tallahasseelenders.org
Where can I find the form 990 for Tallahassee Lenders' Consortium Inc?
Tallahassee Lenders' Consortium Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.tallahasseelenders.org
Learn more at the official website: www.tallahasseelenders.org
Mission Statement of Tallahassee Lenders' Consortium Inc
Tallahassee Lenders' Consortium Inc, as a nonprofit organization, is committed to providing comprehensive housing services and promoting neighborhood revitalization. Their mission is twofold: firstly, they aim to offer client-focused, comprehensive housing services. This involves providing interest-free down payment assistance loans to 40 low-income families, thereby making homeownership more accessible.
Secondly, Tallahassee Lenders' Consortium Inc is dedicated to engaging in resident-driven neighborhood revitalization. This means they work closely with the community to identify and address local housing needs and improve the overall livability of the neighborhood. By focusing on both individual housing needs and community-wide revitalization, Tallahassee Lenders' Consortium Inc is playing a crucial role in improving housing conditions and fostering sustainable, thriving communities.
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Impact
July, 2024
Tallahassee Lenders' Consortium Inc has a significant impact on the community by providing comprehensive housing services and actively promoting neighborhood revitalization. Through initiatives like interest-free down payment assistance loans to low-income families, Tallahassee Lenders' Consortium Inc contributes to increasing access to affordable housing and improving neighborhoods in the Tallahassee area. Their client-focused approach and commitment to neighborhood revitalization align with their mission of empowering individuals and communities through sustainable housing solutions.
This information is meant to be a general summary of Tallahassee Lenders' Consortium 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: $34
- Program Service Revenue: $267,977
- Gross Receipts: $1,830,852
Assets and Liabilities:
- Total Assets: $2,166,570
- Total Liabilities: $893,435
- Net Assets: $1,273,135
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
BOND FACADE FEES
Revenue
$155,912
DPA FEES
Revenue
$84,845
LENDER DUES
Revenue
$12,833
CREDIT REPORT REVENUE
Revenue
$10,392
POST HOME OWNERSHIP FE
Revenue
$3,995
Organization Details
Founding Year
1993
Phone
(850) 222-6609Principal Officer
Robert Gregory Lane
Main Address
224 OFFICE PLAZA, TALLAHASSEE, FL, 32301
Website
www.tallahasseelenders.orgNTEE Category
Code: L82 - Housing
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