Overview
What is Working Solutions Cdfi?
Working Solutions CDFi is a California-based nonprofit organization, serving as a certified Community Development Financial Institution (CDFI). Located in San Francisco, this organization is committed to fostering economic opportunities in Northern California by supporting diverse entrepreneurs, with a focus on low-income individuals, entrepreneurs of color, and women. Working Solutions provides various services, including affordable loans ranging from $5,000 to $100,000, small business grants, free one-on-one business consulting for financial management and risk mitigation, and referrals to industry experts for specialized support. Their mission is to empower start-up and early-stage businesses in the region, ultimately contributing to local economic growth, job creation, and community development.
Official website here: www.workingsolutions.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 100% (Four-Star out of Four Stars)
Working Solutions CDFI has achieved an impressive 100% rating on Charity Navigator, highlighting its strong accountability and financial practices. The organization boasts a perfect score in the Accountability & Finance category, with notable strengths such as having an entirely independent board and stringent financial oversight measures. This high rating reflects its commitment to fiscal responsibility and transparency.
User feedback reinforces the organization’s positive impact on the community, particularly through its micro-lending and mentoring programs. A client highlighted their personal experience with Working Solutions, noting that not only did they receive essential start-up funding, but they also benefited from ongoing support in the form of mentorship and business workshops. This indicates that the organization doesn't just provide financial assistance but also fosters long-term growth for entrepreneurs.
While the data does not indicate specific limitations, the high scores across all evaluated areas suggest that Working Solutions CDFI is effectively meeting its mission. Overall, it stands out as a well-managed organization with a strong focus on supporting small business owners in the community.
This AI summary has been generated from information found on Charity Navigator and Great Nonprofits.
Is Working Solutions Cdfi legitimate?
Working Solutions Cdfi is a legitimate nonprofit organization registered as a 501(c)(3) entity. Working Solutions Cdfi 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: $1,042,445
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,757,554
For more financial information, click here
Official website here: www.workingsolutions.org
What is the mission statement of Working Solutions Cdfi?
Working Solutions CDFi, as a certified nonprofit community development financial institution, is committed to supporting entrepreneurs in northern California. Their mission is to believe in start-up and early-stage businesses by providing diverse entrepreneurs with affordable capital, customized business consulting, and community connections. This initiative aims to increase economic opportunities in the region, with a focus on assisting low-income individuals, entrepreneurs of color, and women. Working Solutions supports microenterprise growth to strengthen the local economy, create jobs, and build robust communities. They offer various services, including loans, small business grants, free one-on-one business consulting, and referrals to industry experts for legal, accounting, marketing, and other specialized support.
Official website here: www.workingsolutions.org
Who is the CEO of Working Solutions Cdfi?
Sara Razavi is the CEO of Working Solutions Cdfi The CEO's salary of Working Solutions Cdfi is $178,488 and their total compensation is $187,749.
Official website here: www.workingsolutions.org
What is the revenue of Working Solutions Cdfi?
Working Solutions Cdfi's revenue in 2024 was $5,154,072.
Official website here: www.workingsolutions.org
Who are the executives of Working Solutions Cdfi and what are their salaries?
The average compensation at Working Solutions Cdfi during 2024 was $112,000. There are 25 employees and 13 volunteers at Working Solutions Cdfi.
Here are 23 key members and their salaries (Working Solutions Cdfi's CEO's salary is $178,488 and their total compensation is $187,749):
- Compensation: $168,109
- Related: $0
- Other: $37,853
- Compensation: $170,329
- Related: $0
- Other: $34,704
- Compensation: $159,672
- Related: $0
- Other: $32,465
- Compensation: $178,488
- Related: $0
- Other: $9,261
- Compensation: $152,877
- Related: $0
- Other: $32,137
- Compensation: $121,782
- Related: $0
- Other: $22,675
- Compensation: $112,187
- Related: $0
- Other: $21,133
- Compensation: $103,515
- Related: $0
- Other: $15,995
- Compensation: $110,162
- Related: $0
- Other: $5,703
- Compensation: $107,529
- Related: $0
- Other: $4,094
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
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- Other: $0
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- Other: $0
Official website here: www.workingsolutions.org
Where can I find the form 990 for Working Solutions Cdfi?
Working Solutions Cdfi's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.workingsolutions.org
Learn more at the official website: www.workingsolutions.org
Mission Statement of Working Solutions Cdfi
Working Solutions CDFi, a certified nonprofit Community Development Financial Institution (CDFI), is committed to supporting Northern California entrepreneurs in establishing and growing thriving local businesses. The organization's mission is to believe in the potential of start-up and early-stage businesses by providing diverse entrepreneurs with affordable capital, customized business consulting, and community connections. This support is aimed at boosting economic opportunities in Northern California, with a particular focus on low-income individuals, entrepreneurs of color, and women.
By offering loans ranging from $5,000 to $100,000, small business grants, and free, one-on-one business consulting with a focus on financial management and risk mitigation, Working Solutions CDFi empowers entrepreneurs to navigate the challenges of running a small business. Moreover, the organization refers entrepreneurs to free or low-cost industry experts for legal, accounting, marketing, and other specialized support, thereby strengthening the local economy, creating jobs, and building strong communities. In essence, Working Solutions CDFi serves as a catalyst for economic growth and opportunity, fostering a vibrant entrepreneurial landscape in Northern California.
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Impact
July, 2024
Working Solutions CDFI's impact can be seen in the growth and success of Northern California entrepreneurs. By providing affordable capital, customized business consulting, and community connections, Working Solutions supports individuals in starting and growing thriving local businesses. This not only strengthens the local economy but also creates jobs and builds strong communities. Through services like loans, grants, business consulting, and referrals to industry experts, Working Solutions empowers low-income individuals, entrepreneurs of color, and women to increase economic opportunity in Northern California.
This information is meant to be a general summary of Working Solutions Cdfi. 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 2024.
- Investment Income: $154,926
- Program Service Revenue: $1,338,471
- Gross Receipts: $5,154,072
Assets and Liabilities:
- Total Assets: $16,295,715
- Total Liabilities: $9,008,614
- Net Assets: $7,287,101
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM INTEREST FROM LOANS
Revenue
$1,087,209
CLIENT FEES
Revenue
$250,630
CONSULTING SERVICES
Revenue
$632
Organization Details
Founding Year
1999
Principal Officer
Sara Razavi
Website
www.workingsolutions.orgNTEE Category
Code: P800 - Human services
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