Overview
What is Dbl Equity Partners?
Dbl Equity Partners is a nonprofit organization based in Fargo, North Dakota, with a specific focus on revitalizing low-income and distressed communities. They utilize New Markets Tax Credits (NMTC) to encourage investment in these areas, ultimately creating job opportunities and bringing new prospects to qualifying regions in North Dakota. The organization's mission is to provide essential products, services, loans, and investment capital to support low-income individuals and communities, contributing to affordable housing, neighborhood revitalization, and economic development initiatives.
Official website here: www.dakotabusinesslending.com
Is Dbl Equity Partners legitimate?
Dbl Equity Partners is a legitimate nonprofit organization registered as a 501(c)(3) entity. Dbl Equity Partners 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.dakotabusinesslending.com
What is the mission statement of Dbl Equity Partners?
Dbl Equity Partners is dedicated to serving and providing necessary resources for low-income individuals and communities. Their primary objective is to promote affordable housing, neighborhood and community revitalization, and economic development efforts. They achieve this by offering products, services, loans, and investment capital to qualified low-income persons or communities. The organization's activities are aimed at filling financing gaps and encouraging investment in low-income census tracts, thereby creating jobs and bringing new opportunities to qualifying areas.
Official website here: www.dakotabusinesslending.com
Who is the CEO of Dbl Equity Partners?
Steve Dusek is the President & Ceo of Dbl Equity Partners. The CEO's salary of Dbl Equity Partners is $0 and their total compensation is $242,046.
Official website here: www.dakotabusinesslending.com
What is the revenue of Dbl Equity Partners?
Dbl Equity Partners's revenue in 2022 was $1,012,179.
Official website here: www.dakotabusinesslending.com
Who are the executives of Dbl Equity Partners and what are their salaries?
Here are 5 key members and their salaries (Dbl Equity Partners's CEO's salary is $0 and their total compensation is $242,046):
- Compensation: $0
- Related: $206,642
- Other: $35,404
- Compensation: $0
- Related: $1,700
- Other: $0
- Compensation: $0
- Related: $2,250
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.dakotabusinesslending.com
Where can I find the form 990 for Dbl Equity Partners?
Dbl Equity Partners's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.dakotabusinesslending.com
Learn more at the official website: www.dakotabusinesslending.com
Mission Statement of Dbl Equity Partners
Dbl Equity Partners, as a organization, is committed to serving and providing products, services, loans, and/or investment capital for qualified low-income individuals and communities. Their mission is to contribute to the advancement of affordable housing, neighborhood and community revitalization, and economic development efforts. By doing so, they aim to bridge the financing gap for transformative projects that bring new opportunities to low-income or distressed areas. The New Markets Tax Credits (NMTC) awarded to Dbl Equity Partners is a tool to encourage and initiate investment in low-income census tracts, ultimately leading to the creation of jobs and improved living conditions in these areas.
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Impact
October, 2024
Dbl Equity Partners significantly impacts low-income individuals and communities by facilitating access to essential products, services, and investment capital aimed at promoting affordable housing and community revitalization. Through the utilization of New Markets Tax Credits (NMTC), Dbl Equity Partners drives investments into low-income census tracts in North Dakota, effectively addressing the financing gaps that hinder transformative projects.
By focusing on economically distressed areas, Dbl Equity Partners cultivates job creation and spurs economic development. This targeted investment approach not only fosters community improvement but also enhances the quality of life for residents in these neighborhoods. Their commitment to empowering low-income communities leads to sustainable growth, offering new opportunities and resources for those in need, thus creating a lasting positive impact in the region.
This information is meant to be a general summary of Dbl Equity Partners. 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: $29
- Program Service Revenue: $922,145
- Gross Receipts: $1,012,179
Assets and Liabilities:
- Total Assets: $640,444
- Total Liabilities: $640,450
- Net Assets: -$6
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOAN SERVICE FEES
Revenue
$852,000
OTHER FEES
Revenue
$70,145
Organization Details
Founding Year
2018
Phone
(701) 293-8892Principal Officer
Steve Dusek
Main Address
5630 36TH AVE S, FARGO, ND, 58104
NTEE Category
Code: S40 - Community improvement
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