Overview
What is Boderplex Community Capital Inc?
Borderplex Community Capital Inc, based in El Paso, Texas, is a 501(c)(3) nonprofit organization dedicated to serving the Borderplex region, which spans across El Paso County in Texas, Dona Ana County in New Mexico, and Ciudad Juarez, Mexico. Their primary mission is to offer affordable capital and educational resources to the community, focusing on charitable, educational, scientific, and other exempt purposes. During the COVID-19 pandemic, they provided financial assistance to small businesses that were struggling, helping them comply with forgiveness requirements set by El Paso County. This initiative aimed to support local businesses and stimulate economic growth within the Borderplex region.
Is Boderplex Community Capital Inc legitimate?
Boderplex Community Capital Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Boderplex Community Capital 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Boderplex Community Capital Inc?
Borderplex Community Capital Inc, a non-profit organization under section 501(c)(3), is committed to providing safe and affordable capital and educational resources in a specific region. This region encompasses El Paso County, Texas, Dona Ana County, New Mexico, and Cd. Juarez, Mexico. Their mission is to support charitable, educational, scientific, and other exempt purposes within this area. During the COVID-19 pandemic, they extended their services to small businesses in the region, offering loans and assisting them in meeting requirements to achieve 100% loan forgiveness, as per El Paso County's guidelines.
Who is the CEO of Boderplex Community Capital Inc?
Hector Villegas is the Chairman/Sec. of Boderplex Community Capital Inc.
What is the revenue of Boderplex Community Capital Inc?
Boderplex Community Capital Inc's revenue in 2022 was $2,002,105.
Who are the executives of Boderplex Community Capital Inc and what are their salaries?
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $292,435
- Other: $86,476
- Compensation: $0
- Related: $140,792
- Other: $47,144
- Compensation: $0
- Related: $93,409
- Other: $42,390
Where can I find the form 990 for Boderplex Community Capital Inc?
Boderplex Community Capital Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Boderplex Community Capital Inc
Borderplex Community Capital Inc, a non-profit organization, is committed to providing safe and affordable capital and education in specific exempt purposes under section 501(c)(3) of the Code. This mission extends to the Borderplex region, an area encompassing El Paso County, Texas, Dona Ana County, New Mexico, and Cd. Juarez, Mexico. The primary objective of Boderplex Community Capital Inc is to support charitable, educational, scientific, and other exempt causes within this region.
In practical terms, Boderplex Community Capital Inc operates with the aim of providing financial assistance to small businesses in the form of loans. This is particularly beneficial during challenging times, such as the COVID-19 pandemic. The organization played a crucial role in supporting businesses in El Paso County that were adversely affected by the pandemic. In 2022, these businesses adhered to the specified requirements, enabling them to achieve 100% loan forgiveness, as outlined by El Paso County's guidelines and administered by Borderplex Community Capital Inc. This initiative underscores the organization's commitment to supporting the community and promoting economic growth and stability.
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Impact
October, 2024
Boderplex Community Capital Inc. is making a significant impact in the Borderplex region by providing safe and affordable capital and essential education to small businesses in El Paso County, Texas, Dona Ana County, New Mexico, and Cd. Juarez, Mexico. By administering loans to small businesses that faced challenges due to the COVID-19 pandemic, BCC has empowered these enterprises to recover and thrive. In 2022, the organization facilitated a process that enabled these businesses to achieve 100% loan forgiveness, aligning with El Paso County's guidelines. This not only alleviated financial burdens but also bolstered community resilience. Through its initiatives, Boderplex Community Capital is fostering economic stability and supporting community improvement in a critically affected area.
This information is meant to be a general summary of Boderplex Community Capital 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 2022.
- Investment Income: $2,105
- Gross Receipts: $2,002,105
Assets and Liabilities:
- Total Assets: $4,909,846
- Total Liabilities: $850
- Net Assets: $4,908,996
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Organization Details
Founding Year
2020
Phone
(915) 533-4020Principal Officer
Hector Villegas
Main Address
333 N Oregon 2nd Floor, El Paso, TX, 79901
NTEE Category
Code: S30 - Community improvement
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