Overview
What is Springboard Cdfi?
Springboard Cdfi is a nonprofit organization committed to bridging the wealth gap in America. They achieve this by offering scaled solutions and capital access, particularly focusing on underserved markets such as first-time homebuyers, individuals of color, and rural communities. By doing so, they aim to promote economic equality and opportunity for these groups.
Official website here: www.springboard.org
Is Springboard Cdfi legitimate?
Springboard Cdfi is a legitimate nonprofit organization registered as a 501(c)(3) entity. Springboard 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: $116,433
Professional Fundraising Fees: $0
Other Salaries and Wages: $39,957
For more financial information, click here
Official website here: www.springboard.org
What is the mission statement of Springboard Cdfi?
Springboard CDFi works towards bridging the wealth disparity in America by offering scaled solutions and access to capital, particularly focusing on first-time homebuyers, individuals of color, and rural communities. The organization's mission is to provide capital access and implement strategic solutions for underserved markets, ensuring that these communities have equal opportunities to build wealth. Springboard CDFi's efforts contribute to closing the wealth gap and fostering a more equitable society.
Official website here: www.springboard.org
Who is the CEO of Springboard Cdfi?
Angelique Capalbo is the Director of Springboard Cdfi.
Official website here: www.springboard.org
What is the revenue of Springboard Cdfi?
Springboard Cdfi's revenue in 2022 was $168,905.
Official website here: www.springboard.org
Who are the executives of Springboard Cdfi and what are their salaries?
The average compensation at Springboard Cdfi during 2022 was $78,195. There are 2 employees at Springboard Cdfi.
Here are 5 key members and their salaries:
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- Compensation: $94,890
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- Other: $7,510
Official website here: www.springboard.org
Where can I find the form 990 for Springboard Cdfi?
Springboard Cdfi's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.springboard.org
Learn more at the official website: www.springboard.org
Mission Statement of Springboard Cdfi
Springboard CDFi, an organization dedicated to bridging the wealth gap in America, accomplishes this mission by offering scaled solutions and providing access to capital. Primarily focusing on underserved markets, Springboard CDFi targets first-time homebuyers, people of color, and rural communities. By doing so, the nonprofit aims to address the disparities in wealth distribution and financial opportunities within these groups, ultimately contributing to a more equitable society.
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Impact
October, 2024
Springboard CDFI has a significant impact on bridging the wealth gap in America by facilitating access to financial resources and tailored solutions for underserved populations. By focusing on first-time homebuyers, people of color, and residents of rural communities, Springboard CDFI addresses critical barriers to homeownership and financial security.
Through its initiatives, the organization empowers individuals and families to achieve their homeownership dreams, which is a vital step in building wealth. By providing capital access specifically designed for those who have historically faced challenges in obtaining financing, Springboard CDFI fosters economic mobility and community stability.
Overall, Springboard CDFI plays a crucial role in creating equitable opportunities within the housing market, helping to uplift marginalized communities and strengthen the economic fabric of the regions it serves.
This information is meant to be a general summary of Springboard 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 2022.
- Investment Income: -$1,727
- Program Service Revenue: $169,794
- Gross Receipts: $170,709
Assets and Liabilities:
- Total Assets: $9,349,739
- Total Liabilities: $700,952
- Net Assets: $8,648,787
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOAN INTEREST
Revenue
$134,342
LOAN AND BROKER FEES
Revenue
$35,452
Organization Details
Founding Year
1982
Phone
(951) 779-7739Principal Officer
Angelique Capalbo
Main Address
2140 HOOVER AVENUE SUITE 115, NATIONAL CITY, CA, 91950
Website
www.springboard.orgNTEE Category
Code: L80 - Housing
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