Overview
What is Florida Community Loan Fund Inc?
Florida Community Loan Fund Inc is a nonprofit organization situated in Orlando, Florida, specifically at 800 N Magnolia Ave 106. Its primary mission is to offer loans and technical assistance to nonprofit and mission-driven for-profit organizations across Florida. These organizations aim to develop affordable housing, supportive housing with integrated social services, community facilities, and economic development projects that positively impact low-income individuals throughout the state. With a vision of opportunity and dignity for every person and community in Florida, this organization's expertise and capital contribute to the success of projects, thereby improving lives and communities. Currently, Florida Community Loan Fund Inc employs 21 individuals.
Official website here: www.fclf.org
What are the reviews and ratings of this charity?
**:** Charity Navigator Rating 82% (Three-Star out of Four Stars )Star rating)
The Florida Community Loan Fund Inc has received a solid three-star rating from Charity Navigator, indicating a fair level of accountability and financial health. The organization excels in financial oversight, showcasing full compliance with independent board member requirements and effective audit procedures. However, it struggles with certain policies such as the absence of a whistleblower policy and not making its tax form publicly available, which raised some concerns among evaluators.
User reviews were not available to provide insights into the community's sentiment towards the organization. The data indicates a focus on community impact and equitable funding practices, yet it is also noted that they need to improve their transparency regarding certain financial documents and policies. Overall, the organization displays significant strengths in governance and financial responsibility, but there are areas for improvement in their operational transparency.
This AI summary has been generated from information found on Charity Navigator.
Is Florida Community Loan Fund Inc legitimate?
Florida Community Loan Fund Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Florida Community 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:
Executive Compensation: $934,503
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,077,675
For more financial information, click here
Official website here: www.fclf.org
What is the mission statement of Florida Community Loan Fund Inc?
Florida Community Loan Fund Inc's mission is centered around providing loans and technical assistance to nonprofit and mission-focused for-profit organizations. Their goal is to develop affordable housing, supportive housing with social services for residents, community facilities, and economic development projects that have a direct and measurable impact on low-income individuals throughout Florida. This organization's mission is driven by a vision of opportunity and dignity for every person and community in the state. By offering their expertise and capital, they aim to make projects successful, helping organizations improve lives and communities.
Official website here: www.fclf.org
Who is the CEO of Florida Community Loan Fund Inc?
Ignacio Esteban is the Board Member of Florida Community Loan Fund Inc. The CEO's salary of Florida Community Loan Fund Inc is $247,726 and their total compensation is $271,261.
Official website here: www.fclf.org
What is the revenue of Florida Community Loan Fund Inc?
Florida Community Loan Fund Inc's revenue in 2022 was $9,380,993.
Official website here: www.fclf.org
Who are the executives of Florida Community Loan Fund Inc and what are their salaries?
The average compensation at Florida Community Loan Fund Inc during 2022 was $95,818. There are 21 employees at Florida Community Loan Fund Inc.
Here are 21 key members and their salaries (Florida Community Loan Fund Inc's CEO's salary is $247,726 and their total compensation is $271,261):
- Compensation: $0
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- Compensation: $247,726
- Related: $0
- Other: $23,535
- Compensation: $239,718
- Related: $0
- Other: $18,200
- Compensation: $233,951
- Related: $0
- Other: $17,792
- Compensation: $195,301
- Related: $0
- Other: $18,089
- Compensation: $110,768
- Related: $0
- Other: $19,791
- Compensation: $141,719
- Related: $0
- Other: $18,200
- Compensation: $123,348
- Related: $0
- Other: $18,200
- Compensation: $141,253
- Related: $0
- Other: $18,200
- Compensation: $104,508
- Related: $0
- Other: $22,600
Official website here: www.fclf.org
Where can I find the form 990 for Florida Community Loan Fund Inc?
Florida Community Loan Fund Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.fclf.org
Learn more at the official website: www.fclf.org
Mission Statement of Florida Community Loan Fund Inc
Florida Community Loan Fund Inc is dedicated to providing opportunities and dignity for every person and community in the state. They achieve this mission by offering loans and technical assistance to both nonprofit and mission-focused for-profit organizations. These organizations then utilize this support to develop affordable housing, supportive housing with social services for residents, community facilities, and economic development projects. The primary goal of these projects is to have a direct and measurable impact on low-income individuals throughout Florida. By providing this financial and expert assistance, Florida Community Loan Fund Inc enables these organizations to improve lives and strengthen communities.
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Impact
July, 2024
Florida Community Loan Fund Inc's impact is significant in improving the lives of low-income individuals and communities throughout the state of Florida. By providing loans and technical assistance to mission-focused for-profit organizations, they support the development of affordable housing, supportive housing with social services, community facilities, and economic development projects. This direct and measurable impact helps create opportunities and dignity for every person and community in Florida. Their expertise and capital enable projects to succeed, ultimately enhancing the quality of life and fostering community improvement.
This information is meant to be a general summary of Florida Community 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: $162,219
- Program Service Revenue: $6,323,254
- Gross Receipts: $9,380,993
Assets and Liabilities:
- Total Assets: $127,872,101
- Total Liabilities: $81,533,591
- Net Assets: $46,338,510
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOAN INTEREST AND FEES
Revenue
$6,323,254
Organization Details
Founding Year
1994
Phone
(407) 246-0846Principal Officer
Ignacio Esteban
Main Address
800 N MAGNOLIA AVE 106, ORLANDO, FL, 32803
Website
www.fclf.orgNTEE Category
Code: S31 - Community improvement
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