Overview
What is Up Community Impact Fund Corp?
Up Community Impact Fund Corp is a nonprofit organization situated in Houston, Texas, with a specific mission to foster community development and enhance economic conditions in underserved and economically distressed communities. They achieve this by offering loans, investments, and business development services to both non-profit and for-profit entities, primarily to support small business development and affordable housing. By the end of 2022, they had made six loans totaling $2,070,214, which are still outstanding. The organization's purpose is to uplift and empower the local community in Houston.
Official website here: www.up-cif.org
Is Up Community Impact Fund Corp legitimate?
Up Community Impact Fund Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Up Community Impact Fund Corp 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: $144,331
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Official website here: www.up-cif.org
What is the mission statement of Up Community Impact Fund Corp?
Up Community Impact Fund Corp is committed to promoting community development and improving the economic conditions of underserved and economically distressed communities. They achieve this by making loans and investments, as well as providing business development services, to both non-profit and for-profit entities. The primary focus of these efforts is to advance small business development and affordable housing. As of year-end 2022, six loans totaling 2,070,214 have been made and are outstanding.
Official website here: www.up-cif.org
Who is the CEO of Up Community Impact Fund Corp?
Patrick Ezzell is the Chair of Up Community Impact Fund Corp.
Official website here: www.up-cif.org
What is the revenue of Up Community Impact Fund Corp?
Up Community Impact Fund Corp's revenue in 2022 was $125,179.
Official website here: www.up-cif.org
Who are the executives of Up Community Impact Fund Corp and what are their salaries?
Here are 8 key members and their salaries:
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- Related: $315,417
- Other: $0
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- Related: $154,137
- Other: $0
- Compensation: $0
- Related: $38,567
- Other: $0
Official website here: www.up-cif.org
Where can I find the form 990 for Up Community Impact Fund Corp?
Up Community Impact Fund Corp's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.up-cif.org
Learn more at the official website: www.up-cif.org
Mission Statement of Up Community Impact Fund Corp
Up Community Impact Fund Corp is an organization committed to promoting community development and enhancing the economic conditions of individuals residing in underserved and economically distressed communities. They achieve this by providing loans, investments, and business development services to both non-profit and for-profit entities. The primary focus of their activities is to foster small business development and affordable housing initiatives. As of year-end 2022, they have extended six loans amounting to $2,070,214, highlighting their ongoing investment in community growth and economic empowerment.
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Impact
October, 2024
Up Community Impact Fund Corp plays a vital role in enhancing the economic well-being of underserved and economically distressed communities in Houston. By providing financial support through loans and investments, the organization directly contributes to small business development and affordable housing initiatives.
In 2022 alone, Up Community Impact Fund Corp facilitated six loans totaling over $2 million, empowering various entities to foster community development. Their focus on business development services for both nonprofit and for-profit organizations significantly advances the economic conditions of the individuals and families residing in these communities. This sustained commitment not only improves immediate economic conditions but also helps lay the groundwork for long-term prosperity and growth in Houston's most vulnerable areas.
This information is meant to be a general summary of Up Community Impact Fund Corp. 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: $179
- Gross Receipts: $125,179
Assets and Liabilities:
- Total Assets: $2,220,316
- Total Liabilities: $2,159,483
- Net Assets: $60,833
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Organization Details
Founding Year
2020
Phone
(832) 498-5803Principal Officer
Patrick Ezzell
Main Address
3211 HARRISBURG BOULEVARD, HOUSTON, TX, 77003
Website
www.up-cif.orgNTEE Category
Code: S20 - Community improvement
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