Overview
What is West Central Community Development Corporation?
West Central Community Development Corporation is a nonprofit organization situated in Appleton City, Missouri. Its primary mission is to cultivate rural assets and entrepreneurs, connect individuals to resources, and facilitate innovation and investment. This is achieved through business assistance and collaborative community development initiatives. The corporation provides financial support to rural small businesses, making a total of 21 loans amounting to $341,000 through its microlending program and RMAP loans. Additionally, it offers employee loans and credit building programs to help individuals build and maintain positive credit. Moreover, New Growth Capital offers technical assistance to existing and potential borrowers, providing guidance on credit analysis, collateral, business licensure, and bank referrals. The organization's work aims to build business-to-business and community-to-community connections, fostering local ownership and sustainable livelihoods.
Official website here: www.newgrowthmo.org
What do the Facebook reviews say about West Central Community Development Corporation?
While West Central Community Development Corporation currently does not have an overall rating, the reviews suggest a positive sentiment from users who have engaged with their services. One reviewer highlighted the organization’s commitment to fostering economic growth in the region, indicating that it has effectively inspired communities to adopt innovative approaches.
The feedback implies that the nonprofit is making a significant impact, particularly in economic development. As they continue to focus on assisting communities, it seems that many appreciate the fresh perspectives being introduced, which could lead to further growth and collaboration in the area.
Overall, there is an encouraging outlook on West Central Community Development Corporation, as it appears to be fulfilling its mission effectively and resonating well with local residents.
This AI summary has been generated from reviews found on Facebook.
Is West Central Community Development Corporation legitimate?
West Central Community Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. West Central Community Development 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.newgrowthmo.org
What is the mission statement of West Central Community Development Corporation?
The West Central Community Development Corporation's mission is centered around fostering growth in rural areas and entrepreneurship. It aims to connect individuals to necessary resources and facilitate collaboration within communities. The organization's primary objective is to enhance local ownership and sustain livelihoods by strengthening business-to-business and community-to-community connections. To achieve this, the corporation offers a microlending program, which provided loans to 21 rural small businesses, and an employee loan program. Additionally, the corporation offers credit building loans and counseling, as well as technical assistance to potential and existing borrowers, including credit analysis, collateral analysis, business counseling, and referrals to financial partners.
Official website here: www.newgrowthmo.org
Who is the CEO of West Central Community Development Corporation?
Fred R Bunch is the Board Chair of West Central Community Development Corporation. The CEO's salary of West Central Community Development Corporation is $0 and their total compensation is $133,607.
Official website here: www.newgrowthmo.org
What is the revenue of West Central Community Development Corporation?
West Central Community Development Corporation's revenue in 2022 was $398,851.
Official website here: www.newgrowthmo.org
Who are the executives of West Central Community Development Corporation and what are their salaries?
There 14 volunteers at West Central Community Development Corporation.
Here are 10 key members and their salaries (West Central Community Development Corporation's CEO's salary is $0 and their total compensation is $133,607):
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- Related: $115,910
- Other: $17,697
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- Related: $64,502
- Other: $23,343
Official website here: www.newgrowthmo.org
Where can I find the form 990 for West Central Community Development Corporation?
West Central Community Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.newgrowthmo.org
Learn more at the official website: www.newgrowthmo.org
Mission Statement of West Central Community Development Corporation
West Central Community Development Corporation, abbreviated as WCCDC, is an organization dedicated to fostering growth in rural areas and entrepreneurship. Its mission is multifaceted, focusing on building strong business-to-business and community-to-community connections. This mission aims to nurture local ownership and promote sustainable livelihoods.
WCCDC achieves this mission through various initiatives. One key aspect of its work is providing capital infusion to rural small businesses. Through its microlending program, WCCDC made 21 loans in total, reaching 21 businesses, enabling them to either start or expand their operations. Additionally, WCCDC offers employee loans, reporting them to the employee's credit to help them build a positive credit history. The organization also has a credit building program, providing loans coupled with credit building counseling to ensure participants can not only build positive credit but maintain it as well.
Furthermore, WCCDC provides technical assistance to existing borrowers and potential borrowers. This assistance includes credit analysis, collateral analysis, navigating business licensure, referrals to banks and CDFI partners for larger amounts of capital, assistance with service development to navigate higher food prices, and business counseling. WCCDC's comprehensive approach to business assistance and community development aims to foster a thriving rural economy and empower local entrepreneurs.
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Impact
October, 2024
West Central Community Development Corporation creates significant impact in rural areas by fostering entrepreneurial growth and building robust community connections. Through its New Growth Capital initiative, it cultivates local assets and empowers entrepreneurs by providing crucial resources and support.
In its recent efforts, New Growth Capital successfully made 21 loans to rural small businesses, infusing over $340,000 in capital that enables these businesses to start and expand. In addition, the organization supports employees through loan programs aimed at building positive credit histories, ensuring sustainable financial health for individuals.
The impact extends beyond just financing; over 45 borrowers benefited from personalized technical assistance. This included credit analysis, help with business licenses, and navigating banking options, equipping entrepreneurs with the necessary tools and knowledge to thrive. By connecting businesses to essential resources and fostering collaborations, West Central Community Development Corporation not only enhances local ownership but also contributes to lasting economic stability and community improvement in regions like Appleton City, MO.
This information is meant to be a general summary of West Central Community Development 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 2022.
- Investment Income: $15,061
- Program Service Revenue: $50,239
- Gross Receipts: $398,851
Assets and Liabilities:
- Total Assets: $589,116
- Total Liabilities: $459,478
- Net Assets: $129,638
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM REVENUE
Revenue
$50,239
Organization Details
Founding Year
2017
Phone
(660) 476-2185Principal Officer
Fred R Bunch
Main Address
112 W 4TH STREET, APPLETON CITY, MO, 64724
Website
www.newgrowthmo.orgNTEE Category
Code: S30 - Community improvement
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