Overview
What is Bdc Community Capital Corporation?
Bdc Community Capital Corporation is a nonprofit organization situated in Wakefield, Massachusetts, specifically at 500 Edgewater Drive 555. Their primary mission is to promote community development by offering credit, capital, and financial services to economically distressed communities in New England. By providing these crucial resources, they aim to support businesses and ultimately improve the economic conditions of these areas.
Official website here: www.bdccommunitycapitalcorp.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Stars)
Bdc Community Capital Corporation has earned an 81% rating from Charity Navigator, indicating a solid level of accountability and financial health. The organization scored particularly well in areas such as independent board membership and the presence of various governance policies, which demonstrates a commitment to transparency and ethical management. The high program expense ratio of 91.71% suggests that a significant portion of its resources is directed towards its mission.
The organization’s strengths include having a fully independent board and comprehensive financial oversight measures, which reflect strong governance practices. Additionally, the absence of any material diversion of assets reinforces its reliability in managing funds appropriately. Bdc Community Capital Corporation also maintains robust documentation practices, including meeting minutes and policies for conflict of interest and whistleblower protections.
However, the organization faced some challenges, specifically with its liabilities to assets ratio, which scored 0 out of 15 points. This score indicates a potential concern with its financial sustainability. Despite this limitation, the overall rating still signifies a trustworthy organization committed to its mission and accountable to its stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Bdc Community Capital Corporation legitimate?
Bdc Community Capital Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Bdc Community Capital Corporation 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
Official website here: www.bdccommunitycapitalcorp.com
What is the mission statement of Bdc Community Capital Corporation?
Bdc Community Capital Corporation is committed to fostering community development by extending credit, capital, and financial services to economically distressed communities within New England. Their primary goal is to promote growth and revitalization in these areas by providing the necessary financial resources to local businesses. Through their lending activities, they aim to stimulate economic activity and improve the overall well-being of the communities they serve.
Official website here: www.bdccommunitycapitalcorp.com
Who is the CEO of Bdc Community Capital Corporation?
Karim Hill is the Director of Bdc Community Capital Corporation.
Official website here: www.bdccommunitycapitalcorp.com
What is the revenue of Bdc Community Capital Corporation?
Bdc Community Capital Corporation's revenue in 2022 was $1,094,369.
Official website here: www.bdccommunitycapitalcorp.com
Who are the executives of Bdc Community Capital Corporation and what are their salaries?
There 9 volunteers at Bdc Community Capital Corporation.
Here are 10 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.bdccommunitycapitalcorp.com
Where can I find the form 990 for Bdc Community Capital Corporation?
Bdc Community Capital Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.bdccommunitycapitalcorp.com
Learn more at the official website: www.bdccommunitycapitalcorp.com
Mission Statement of Bdc Community Capital Corporation
Bdc Community Capital Corporation, based in New England, is committed to driving community development. They achieve this mission by providing access to essential financial resources, such as credit and capital, to economically distressed communities within the region. Their primary goal is to foster economic growth and development in these disadvantaged areas. To accomplish this, Bdc Community Capital Corporation extends loans to businesses operating within these communities, thereby enhancing their financial stability and contributing to the overall improvement of the local economy.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
July, 2024
Bdc Community Capital Corporation's impact is significant in promoting community development in economically distressed communities in New England. By providing access to credit, capital, and financial services to businesses in these areas, Bdc Community Capital Corporation plays a crucial role in revitalizing local economies and improving quality of life for residents. Through its loans and support, this organization helps create opportunities for growth, entrepreneurship, and stability, ultimately contributing to the overall improvement of these communities.
This information is meant to be a general summary of Bdc Community Capital Corporation. 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.
- Program Service Revenue: $399,369
- Gross Receipts: $1,094,369
Assets and Liabilities:
- Total Assets: $7,847,018
- Total Liabilities: $6,297,460
- Net Assets: $1,549,558
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INTEREST FROM LOANS
Revenue
$226,422
PROGRAM SERVICE FEES
Revenue
$152,982
LOAN FEES
Revenue
$19,965
Organization Details
Founding Year
2017
Phone
(781) 928-1100Principal Officer
Karim Hill
Main Address
500 EDGEWATER DRIVE 555, WAKEFIELD, MA, 01880
NTEE Category
Code: S20 - Community improvement
If you are a representative of Bdc Community Capital Corporation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.