Greenline Access Capital

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

EIN: 872852513 ✦ Philadelphia, PA ✦ Designated as a 501(c)(3)

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Overview

What is Greenline Access Capital?

Greenline Access Capital is a nonprofit organization that focuses on providing microloans and grants to businesses that have been historically excluded from traditional financial systems. Their primary goal is to alleviate poverty and improve community conditions. In addition to financial aid, they offer educational and technical assistance to their 101 clients by connecting them with professionals from various industries such as legal, marketing, construction, communications, accounting, and city business managers. This holistic approach aims to empower these businesses and contribute to the betterment of their communities. Greenline Access Capital has successfully closed 7 microloans to date.


Official website here: www.greenlineaccess.org

Is Greenline Access Capital legitimate?

Greenline Access Capital is a legitimate nonprofit organization registered as a 501(c)(3) entity. Greenline Access Capital submitted a form 990EZ, 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.


Official website here: www.greenlineaccess.org

What is the mission statement of Greenline Access Capital?

Greenline Access Capital's mission is centered around providing microloans and grants to businesses that have been historically overlooked by traditional financial systems. The primary goal of these financial aids is to alleviate poverty and combat community deterioration. Beyond financial assistance, Greenline Access Capital offers educational and technical support to its clients. This support extends to connecting them with professionals in various industries such as law, marketing, construction, communication, accounting, and city business management. Greenline Access Capital has so far closed 7 microloans, demonstrating its commitment to its mission.


Official website here: www.greenlineaccess.org

Who is the CEO of Greenline Access Capital?

Kersy Azocar is the President of Greenline Access Capital.


Official website here: www.greenlineaccess.org

What is the revenue of Greenline Access Capital?

Greenline Access Capital's revenue in 2022 was $66,495.


Official website here: www.greenlineaccess.org

Who are the executives of Greenline Access Capital and what are their salaries?


Here are 4 key members and their salaries:


Kersy Azocar (President)
  • Compensation: $73,299
  • Related: $0
  • Other: $0
Roxanna Encarnacion (Vp Of Business Lending)
  • Compensation: $18,250
  • Related: $0
  • Other: $0
Carey Morgan (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Silvia Lucci (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.greenlineaccess.org

Where can I find the form 990EZ for Greenline Access Capital?

Greenline Access Capital's most recent form 990EZ was submitted in 2022 and can be accessed here.


Official website here: www.greenlineaccess.org

Learn more at the official website: www.greenlineaccess.org

Mission Statement of Greenline Access Capital

Greenline Access Capital, as a nonprofit organization, focuses on providing microloans and grants to businesses that have been historically excluded from traditional financial systems. Its primary objective is to alleviate poverty and combat community deterioration through these charitable initiatives. In addition to financial aid, Greenline Access Capital offers educational and technical assistance to its 101 clients. By connecting them with industry professionals, such as legal experts, marketers, construction specialists, communicators, accountants, and city business managers, the organization aims to empower these businesses to thrive and contribute positively to their communities. With a total of 7 microloans closed, Greenline Access Capital plays a significant role in supporting underserved businesses, fostering economic growth, and ultimately contributing to the betterment of its communities.

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Impact




August, 2024

Greenline Access Capital plays a crucial role in supporting businesses that have historically been excluded from formal financial systems. By providing microloans and grants, it helps these businesses access the capital they need to thrive. In addition, the organization offers education and technical assistance to its clients, connecting them with resources and professionals from a variety of industries. Through its efforts, Greenline Access Capital is actively working to relieve poverty and combat community deterioration in Philadelphia.




This information is meant to be a general summary of Greenline Access Capital. 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
$66,495 (2022)
Expenses
$182,937 (2022)
Efficiency

Other financial information:

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

  • Program Service Revenue: $14,173
  • Gross Receipts: $67,166

Assets and Liabilities:

  • Total Assets: $269,883
  • Total Liabilities: $386,325
  • Net Assets: -$116,442

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Organization Details

Principal Officer

Kersy Azocar

Main Address

3525 I STREET UNIT 111, PHILADELPHIA, PA, 19140

NTEE Category

Code: S31 - Community improvement

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