Greater Texas Capital Community Finance

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 862031867 ✦ Tyler, TX ✦ Designated as a 501(c)(3)

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Overview

What is Greater Texas Capital Community Finance?

Greater Texas Capital Community Finance is a nonprofit organization situated in Tyler, Texas. Their primary mission is to enhance economic conditions for underserved, low-income owned small businesses. They achieve this by establishing a revolving loan fund and ensuring accessible lending, complemented by technical assistance. This comprehensive approach aims to empower and support these small businesses, ultimately contributing to their growth and success.

Is Greater Texas Capital Community Finance legitimate?

Greater Texas Capital Community Finance is a legitimate nonprofit organization registered as a 501(c)(3) entity. Greater Texas Capital Community Finance 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 Greater Texas Capital Community Finance?

Greater Texas Capital Community Finance is committed to enhancing economic conditions for underserved low-income owned small businesses. They accomplish this by building a revolving loan fund and ensuring that lending, along with technical assistance, is provided. This approach aims to support and empower these businesses, thereby contributing to their growth and success. The organization's mission is to bridge the gap in financial resources and expertise, enabling small businesses to thrive and make a positive impact in their communities.

Who is the CEO of Greater Texas Capital Community Finance?

Todd Buchanan is the President of Greater Texas Capital Community Finance.

What is the revenue of Greater Texas Capital Community Finance?

Greater Texas Capital Community Finance's revenue in 2022 was $177,622.

Who are the executives of Greater Texas Capital Community Finance and what are their salaries?

There 13 volunteers at Greater Texas Capital Community Finance.


Here are 13 key members and their salaries:


Todd Buchanan (President)
  • Compensation: $0
  • Related: $243,585
  • Other: $58,660
Alan Crawford (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Felecia Herndon (Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Marc Loredo (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ed Thompson (Vice Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Nick Pesina (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tara O'Dell (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Yash Asara (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Victoria Gordon (Sec/Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Krystian Reyes (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Debbie Braune (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Pedro Beascochea (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jorge Aragon (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Greater Texas Capital Community Finance?

Greater Texas Capital Community Finance's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Greater Texas Capital Community Finance

Greater Texas Capital Community Finance is an organization dedicated to uplifting the economic conditions of underserved, low-income owned small businesses. They achieve this mission by constructing a revolving loan fund and ensuring that lending, complemented by technical assistance, is provided. This holistic approach to empowering small businesses not only provides them with the necessary capital but also equips them with the necessary skills to succeed in their ventures. By doing so, Greater Texas Capital Community Finance is instrumental in fostering economic growth and opportunity for these often overlooked sectors of society.

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Impact




October, 2024

Greater Texas Capital Community Finance has made a significant impact on economic conditions for underserved low-income owned small businesses in Tyler, Texas. By establishing a revolving loan fund, they have facilitated access to capital that is crucial for the growth and sustainability of these businesses. This initiative is complemented by the provision of technical assistance, ensuring that borrowers not only receive funding but also the skills and knowledge necessary to effectively manage and grow their enterprises.

The successful acquisition of a Community Development Financial Institutions Fund grant serves as a foundational element of this effort, allowing for the expansion of financial resources available to the community. As a result, Greater Texas Capital Community Finance plays a vital role in fostering economic empowerment, driving community improvement, and supporting entrepreneurship among those who may have been overlooked by traditional financial institutions. Through their work, they are actively contributing to the development of a more inclusive local economy.




This information is meant to be a general summary of Greater Texas Capital Community Finance. 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.

Revenue
$177,622 (2022)
Expenses
$84,276 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $3
  • Gross Receipts: $177,622

Assets and Liabilities:

  • Total Assets: $174,638
  • Total Liabilities: $92,985
  • Net Assets: $81,653

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Organization Details

Founding Year

2021

Principal Officer

Todd Buchanan

Main Address

PO BOX 8274, TYLER, TX, 75711

NTEE Category

Code: S31 - Community improvement

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