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El Paso Collaborative For Community & Economic Development

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 742796160 ✦ El paso, TX ✦ Designated as a 501(c)(3)

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Overview

What is El Paso Collaborative For Community & Economic Development?

El Paso Collaborative For Community & Economic Development is a nonprofit organization situated in El Paso, Texas. With a primary focus on economic development, they administer loans to small businesses and potential homebuyers in underprivileged communities within the El Paso area. Their mission is twofold, aiming to promote affordable housing and foster small business growth. To achieve this, they offer loan products and development services, thereby contributing to the overall economic prosperity of El Paso and its surrounding areas.


Official website here: www.ep-collab.org

Is El Paso Collaborative For Community & Economic Development legitimate?

El Paso Collaborative For Community & Economic Development is a legitimate nonprofit organization registered as a 501(c)(3) entity. El Paso Collaborative For Community & Economic Development 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $79,031

For more financial information, click here


Official website here: www.ep-collab.org

What is the mission statement of El Paso Collaborative For Community & Economic Development?

The El Paso Collaborative for Community & Economic Development's mission is centered around promoting affordable housing and fostering small business development in designated regions. They achieve this objective by offering loan products and development services, specifically catering to small businesses and potential homebuyers in underserved communities. As a U.S. Treasury certified community lender, this organization plays a significant role in facilitating economic development in the relevant area.


Official website here: www.ep-collab.org

Who is the CEO of El Paso Collaborative For Community & Economic Development?

Bill Schlesinger is the Board Member of El Paso Collaborative For Community & Economic Development.


Official website here: www.ep-collab.org

What is the revenue of El Paso Collaborative For Community & Economic Development?

El Paso Collaborative For Community & Economic Development's revenue in 2022 was $310,490.


Official website here: www.ep-collab.org

Who are the executives of El Paso Collaborative For Community & Economic Development and what are their salaries?


Here are 6 key members and their salaries:


Lee Borundant (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ron Munden (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Neal Locke (Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Patrick Kell (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Perla Michel (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bill Schlesinger (Executive Director)
  • Compensation: $0
  • Related: $50,039
  • Other: $0


Official website here: www.ep-collab.org

Where can I find the form 990 for El Paso Collaborative For Community & Economic Development?

El Paso Collaborative For Community & Economic Development's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.ep-collab.org

Learn more at the official website: www.ep-collab.org

Mission Statement of El Paso Collaborative For Community & Economic Development

The El Paso Collaborative for Community & Economic Development is committed to promoting affordable housing and fostering small business and economic growth in El Paso and surrounding regions. They achieve this mission by offering loan products and development services, acting as a U.S. Treasury-certified community lender. Through these efforts, the organization extends financial assistance to small businesses and potential homebuyers in underserved communities within the El Paso, TX area, thereby contributing to overall economic development.

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Impact




October, 2024

The El Paso Collaborative for Community & Economic Development plays a vital role in enhancing the economic landscape of El Paso and its neighboring counties. By facilitating affordable housing and supporting small business development, the organization addresses critical needs in underserved communities.

Through its U.S. Treasury-certified revolving loan program, it provides essential financial resources to small businesses and potential homebuyers. This not only stimulates local economic growth but also fosters community improvement. The organization's efforts help create jobs, increase homeownership, and ultimately uplift the quality of life for residents in the region. By focusing on these key areas, the El Paso Collaborative serves as a catalyst for sustainable development, enabling individuals and families to achieve economic stability and prosperity.




This information is meant to be a general summary of El Paso Collaborative For Community & Economic Development. 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.

Revenue
$310,490 (2022)
Expenses
$383,709 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $9,320
  • Program Service Revenue: $163,857
  • Gross Receipts: $310,490

Assets and Liabilities:

  • Total Assets: $4,469,841
  • Total Liabilities: $220,252
  • Net Assets: $4,249,589

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

RENT INCOME

Revenue

$163,857

Organization Details

Founding Year

1996

Principal Officer

Bill Schlesinger

Main Address

3607 RIVERA AVENUE, EL PASO, TX, 79905

NTEE Category

Code: S30 - Community improvement

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