Overview
What is Groffdale Financial Of New York Inc?
Groffdale Financial of New York Inc is a nonprofit organization, specifically situated at 5026 John Green Road, Dundee, New York. Their primary mission is to offer and manage loans for young individuals who are part of the Groffdale Conference Mennonite Church, enabling them to invest in real estate, farms, and related agricultural businesses as they establish themselves within the congregation. The organization, identified as co Eugene M Hoover, aims to provide financial assistance, contributing to the growth and development of young Mennonite members within their community.
Is Groffdale Financial Of New York Inc legitimate?
Groffdale Financial Of New York Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Groffdale Financial Of New York 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:
Executive Compensation: $2,289
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Groffdale Financial Of New York Inc?
Groffdale Financial of New York Inc's mission is centered around providing financial aid for young Mennonite individuals who are interested in establishing themselves in the Groffdale Conference Mennonite Church. This is primarily done through offering loans for real estate and farm-related business expenses. The organization's goal is to support these individuals in their endeavors, aiding them in their journey towards self-sufficiency within their religious community. As of the provided information, 47 such individuals have benefited from their services.
Who is the CEO of Groffdale Financial Of New York Inc?
Leon B Hoover is the President of Groffdale Financial Of New York Inc.
What is the revenue of Groffdale Financial Of New York Inc?
Groffdale Financial Of New York Inc's revenue in 2023 was $195,162.
Who are the executives of Groffdale Financial Of New York Inc and what are their salaries?
Here are 7 key members and their salaries:
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Where can I find the form 990 for Groffdale Financial Of New York Inc?
Groffdale Financial Of New York Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Groffdale Financial Of New York Inc
Groffdale Financial Of New York Inc, as a mission-driven organization, is committed to providing financial aid and loans for real estate and farm-related expenses to young individuals who are part of the Groffdale Conference Mennonite Church. Their primary goal is to assist these young Mennonites in establishing themselves financially, thereby enabling them to establish themselves within their community. Through this initiative, Groffdale Financial Of New York Inc is playing a significant role in fostering growth and development among its target demographic. The organization has successfully provided and serviced loans to 47 such young Mennonite persons, demonstrating its dedication to fulfilling its mission.
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Impact
October, 2024
Groffdale Financial Of New York Inc plays a vital role in supporting young Mennonite individuals by providing loans and financial assistance for real estate and farm-related business expenses. By facilitating access to necessary funding, the organization enables these individuals to establish themselves within the Groffdale Conference Mennonite Church community.
The impact of Groffdale Financial is evident in its direct service to 47 young Mennonites, helping them to overcome financial barriers that might otherwise hinder their ability to secure homes or develop farm businesses. This support fosters stability and growth within the community, allowing for the continuation of cultural and religious values. Furthermore, the organization not only assists with financial needs but also contributes to the overall economic health of the region by empowering young entrepreneurs in the agricultural sector.
In summary, Groffdale Financial Of New York Inc significantly enhances the lives of young Mennonite persons by promoting self-sufficiency and community cohesion through targeted financial support.
This information is meant to be a general summary of Groffdale Financial Of New York 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 2023.
- Program Service Revenue: $195,162
- Gross Receipts: $195,162
Assets and Liabilities:
- Total Assets: $5,249,813
- Total Liabilities: $5,020,893
- Net Assets: $228,920
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Interest Income
Revenue
$195,162
Organization Details
Founding Year
2019
Principal Officer
Leon B Hoover
Main Address
5026 John Green Road, Dundee, NY, 14837
NTEE Category
Code: X99 - Religion related
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