Overview
What is Texas Community Capital Inc?
Texas Community Capital Inc is a nonprofit organization committed to fostering community development in Texas. They manage a pre-development loan fund, which plays a vital role in promoting affordable housing across the state. Additionally, they operate a community loan center, providing small-scale loans to low-income workers. The primary objective of Texas Community Capital is to support various community development initiatives through these loan fund programs.
Official website here: www.tccapital.org
What do the Facebook reviews say about Texas Community Capital Inc?
100% of 5 reviewers on Facebook recommend Texas Community Capital Inc. Here is a summary of their reviews:
The organization is highly praised for providing a valuable alternative to predatory lending practices, which many consider to be exploitative. Reviewers express appreciation for the supportive and accessible financial options Texas Community Capital Inc offers to the community.
This nonprofit appears to fulfill its mission effectively and is viewed positively for helping individuals avoid harmful borrowing situations. Overall, the strong endorsement reflects a satisfaction with the services provided and the impact they have on the community.
This AI summary has been generated from reviews found on Facebook.
Is Texas Community Capital Inc legitimate?
Texas Community Capital Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Texas Community Capital 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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Other Salaries and Wages: $70,350
For more financial information, click here
Official website here: www.tccapital.org
What is the mission statement of Texas Community Capital Inc?
Texas Community Capital Inc's mission is centered around supporting community development. They accomplish this through the administration of a pre-development loan fund, which primarily focuses on promoting affordable housing in Texas. Additionally, they operate a community loan center, providing small dollar loans to low-income workers. The organization's mission is to advance this cause through its loan fund programs, aiming to contribute positively to the community.
Official website here: www.tccapital.org
Who is the CEO of Texas Community Capital Inc?
Victor Elmore is the Chair of Texas Community Capital Inc.
Official website here: www.tccapital.org
What is the revenue of Texas Community Capital Inc?
Texas Community Capital Inc's revenue in 2022 was $83,457.
Official website here: www.tccapital.org
Who are the executives of Texas Community Capital Inc and what are their salaries?
Here are 10 key members and their salaries:
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Official website here: www.tccapital.org
Where can I find the form 990 for Texas Community Capital Inc?
Texas Community Capital Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.tccapital.org
Learn more at the official website: www.tccapital.org
Mission Statement of Texas Community Capital Inc
Texas Community Capital Inc, as a Community Development Loan Fund, is dedicated to furthering its mission. This mission involves administering a pre-development loan fund that prioritizes affordable housing in Texas. Additionally, the organization operates a community loan center, offering small dollar loans to low-income workers. Texas Community Capital's primary objective is to foster community development through these loan fund programs. By providing these financial resources, the nonprofit aims to support various housing projects and assist low-income workers with their financial needs.
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Impact
October, 2024
Texas Community Capital Inc plays a significant role in fostering community development in Texas, primarily through its administration of a pre-development loan fund aimed at promoting affordable housing. By focusing on increasing the availability of affordable housing options, it addresses a critical need within communities, ensuring that more residents have access to safe and stable living conditions.
Additionally, Texas Community Capital operates a community loan center that provides small dollar loans specifically designed for low-income workers. This initiative offers essential financial resources to individuals who may otherwise struggle to secure funding, enabling them to meet immediate needs and invest in their futures.
Through these programs, Texas Community Capital significantly enhances the economic stability and quality of life for many Texans, driving positive changes within the communities it serves. Its dedicated approach to community development not only supports individuals but also contributes to the overall health and growth of the local economies.
This information is meant to be a general summary of Texas Community Capital 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: $146
- Program Service Revenue: $33,311
- Gross Receipts: $83,457
Assets and Liabilities:
- Total Assets: $617,042
- Total Liabilities: $196,115
- Net Assets: $420,927
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LICENSING FEES
Revenue
$25,240
LOAN INTEREST
Revenue
$3,782
PROGRAM SERVICE FEES
Revenue
$2,600
MISC REVENUE
Revenue
$1,689
Organization Details
Founding Year
2002
Phone
(512) 916-0508Principal Officer
Victor Elmore
Main Address
1910 EAST MLK BLVD, AUSTIN, TX, 78702
Website
www.tccapital.orgNTEE Category
Code: W12 - Public benefit
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