Overview
What is Business Finance Capital?
Business Finance Capital, situated in Los Angeles, California, serves as an economic development organization. Their primary objective is to stimulate job growth and preservation within the community. By focusing on this mission, they aim to contribute positively to the local economy and improve the livelihoods of its residents.
Official website here: www.bfcfunding.com
Is Business Finance Capital legitimate?
Business Finance Capital is a legitimate nonprofit organization registered as a 501(c)(4) entity. Business Finance Capital 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: $1,133,102
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,815,076
For more financial information, click here
Official website here: www.bfcfunding.com
What is the mission statement of Business Finance Capital?
Business Finance Capital is an economic development organization with a mission to foster job growth and preservation. Their primary objective is to stimulate the creation and maintenance of employment opportunities. This organization aims to contribute to the economic development of its community by promoting job creation and retention. They employ various strategies and initiatives to achieve this goal, ultimately working towards a more prosperous and employment-driven economy.
Official website here: www.bfcfunding.com
Who is the CEO of Business Finance Capital?
Jacky Dilfer is the Chairman of Business Finance Capital.
Official website here: www.bfcfunding.com
What is the revenue of Business Finance Capital?
Business Finance Capital's revenue in 2022 was $11,735,552.
Official website here: www.bfcfunding.com
Who are the executives of Business Finance Capital and what are their salaries?
The average compensation at Business Finance Capital during 2022 was $101,661. There are 29 employees and 8 volunteers at Business Finance Capital.
Here are 15 key members and their salaries:
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- Compensation: $700,000
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- Other: $46,288
- Compensation: $88,845
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- Compensation: $338,084
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- Other: $17,612
- Compensation: $853,159
- Related: $0
- Other: $14,286
- Compensation: $219,180
- Related: $0
- Other: $20,443
- Compensation: $261,126
- Related: $0
- Other: $8,509
- Compensation: $240,180
- Related: $0
- Other: $6,111
Official website here: www.bfcfunding.com
Where can I find the form 990 for Business Finance Capital?
Business Finance Capital's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.bfcfunding.com
Learn more at the official website: www.bfcfunding.com
Mission Statement of Business Finance Capital
Business Finance Capital, as an economic development organization, is committed to fostering job creation and retention. Their mission, in essence, is to contribute to the economic growth of their community by facilitating the establishment and sustainability of businesses. By promoting job creation, Business Finance Capital aims to enhance employment opportunities, thereby improving the overall economic well-being of the community. Moreover, by focusing on job retention, the organization seeks to safeguard existing businesses and jobs, ensuring a stable and thriving economic environment.
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Impact
October, 2024
Business Finance Capital significantly impacts the economy of Los Angeles by promoting job creation and retention. Through its initiatives, the organization fosters economic development, directly contributing to a stronger job market and supporting local businesses. By facilitating access to financial resources and support, they empower entrepreneurs and small businesses, helping to stimulate growth and innovation within the community. This not only enhances employment opportunities for residents but also cultivates a more vibrant and sustainable local economy. As a result, Business Finance Capital plays a crucial role in improving community welfare and advancing the economic landscape of Los Angeles.
This information is meant to be a general summary of Business Finance 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $111,372
- Program Service Revenue: $11,624,180
- Gross Receipts: $11,735,552
Assets and Liabilities:
- Total Assets: $7,749,774
- Total Liabilities: $1,477,068
- Net Assets: $6,272,706
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOAN PROCESSING FEES
Revenue
$5,883,635
SERVICING FEES
Revenue
$4,791,108
CLOSING COSTS
Revenue
$949,437
Organization Details
Founding Year
1992
Phone
(213) 999-1481Principal Officer
Jacky Dilfer
Main Address
1055 W 7TH STREET SUITE 2250, LOS ANGELES, CA, 90017
Website
www.bfcfunding.comNTEE Category
Code: S30 - Community improvement
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