Overview
What is Baptist Church Loan Corporation?
Baptist Church Loan Corporation is a nonprofit organization, situated in Dallas, Texas, with a focus on assisting churches in their mission to spread the gospel. They achieve this by offering affordable real estate loans, enabling churches to purchase land, construct buildings, improve existing facilities, or acquire a new facility for worship and religious instruction. As of their year-end, they have 399 outstanding loans. The corporation aims to establish new congregations and strengthen existing ones through their loan services, ultimately contributing to the growth and continuity of religious communities. With a team of 10 dedicated individuals, Baptist Church Loan Corporation plays an essential role in the spiritual and physical development of churches.
Official website here: www.bclcchurchlending.org
Is Baptist Church Loan Corporation legitimate?
Baptist Church Loan Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Baptist Church Loan Corporation 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: $909,330
Professional Fundraising Fees: $0
Other Salaries and Wages: $401,192
For more financial information, click here
Official website here: www.bclcchurchlending.org
What is the mission statement of Baptist Church Loan Corporation?
The Baptist Church Loan Corporation's mission is centered around assisting churches in their mission to spread the gospel. They achieve this by providing affordable real estate loans for various purposes. These purposes include purchasing land, constructing new facilities, improving existing ones, or acquiring a new location for worship and religious instruction. The corporation's aim is to establish new congregations and strengthen existing ones through these loan services. As of the year end, they had 399 outstanding loans.
Official website here: www.bclcchurchlending.org
Who is the CEO of Baptist Church Loan Corporation?
Gerald R James Jr is the CEO of Baptist Church Loan Corporation The CEO's salary of Baptist Church Loan Corporation is $298,803 and their total compensation is $353,962.
Official website here: www.bclcchurchlending.org
What is the revenue of Baptist Church Loan Corporation?
Baptist Church Loan Corporation's revenue in 2024 was $8,006,867.
Official website here: www.bclcchurchlending.org
Who are the executives of Baptist Church Loan Corporation and what are their salaries?
The average compensation at Baptist Church Loan Corporation during 2024 was $145,614. There are 9 employees and 12 volunteers at Baptist Church Loan Corporation.
Here are 16 key members and their salaries (Baptist Church Loan Corporation's CEO's salary is $298,803 and their total compensation is $353,962):
- Compensation: $298,803
- Related: $0
- Other: $55,159
- Compensation: $218,252
- Related: $0
- Other: $43,622
- Compensation: $205,663
- Related: $0
- Other: $36,799
- Compensation: $121,641
- Related: $0
- Other: $47,778
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.bclcchurchlending.org
Where can I find the form 990 for Baptist Church Loan Corporation?
Baptist Church Loan Corporation's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.bclcchurchlending.org
Learn more at the official website: www.bclcchurchlending.org
Mission Statement of Baptist Church Loan Corporation
Baptist Church Loan Corporation, a nonprofit organization, is committed to assisting churches in their mission to spread the gospel. They achieve this by providing affordable real estate loans. The corporation's primary objective is to establish new congregations and strengthen existing ones. This is accomplished by offering loans for land purchase, construction, improving existing facilities, or purchasing a new facility for worship and religious instruction. As of the year end, the corporation had 399 outstanding loans, demonstrating its active role in supporting churches in their spiritual endeavors.
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Impact
October, 2024
Baptist Church Loan Corporation plays a vital role in enhancing community spiritual engagement by facilitating access to affordable real estate loans for churches. By empowering congregations to establish new places of worship and strengthen existing facilities, the Corporation ensures that communities have the resources necessary to spread the Gospel effectively.
With 399 outstanding loans, it assists churches in purchasing land, constructing new buildings, and upgrading current facilities, creating spaces for worship and religious instruction. This support not only fosters the growth of new congregations but also enhances the capacity of existing ones to serve their communities better. By focusing on the financial needs of churches, Baptist Church Loan Corporation significantly contributes to the vibrancy of faith-based organizations and their ability to make a positive impact in their neighborhoods.
This information is meant to be a general summary of Baptist Church Loan Corporation. 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 2024.
- Investment Income: $9,746
- Program Service Revenue: $7,990,030
- Gross Receipts: $8,055,775
Assets and Liabilities:
- Total Assets: $151,480,737
- Total Liabilities: $33,715,499
- Net Assets: $117,765,238
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INTEREST REVENUE ON LO
Revenue
$7,978,503
LATE FEES/NSF FEES
Revenue
$11,527
Organization Details
Founding Year
1952
Principal Officer
Gerald R James Jr
Website
www.bclcchurchlending.orgNTEE Category
Code: X120 - Religion related
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