Renewable Manufacturing Gateway
- Assets
- $3.0m
- Revenue
- $450.3k
- Investments
- $75.0k
- Employees
- 2
- Location
- Pittsburgh, PA
- Founding
- 06/2010
- Data as of
- 12/2023
- EIN
- 27-1628248
Organization Overview
Renewable Manufacturing Gateway, operating under the name Community Growth Fund, is located in Pittsburgh, PA. The organization was established in 2010. According to its NTEE Classification (S31) the organization is classified as: Urban & Community Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2023, Community Growth Fund employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Community Growth Fund is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Community Growth Fund generated $450.3k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 16.8% each year . All expenses for the organization totaled $210.7k during the year ending 12/2023. While expenses have increased by 24.0% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PRESERVE AND REVITALIZE DISADVANTAGED COMMUNITIES THROUGH INVESTMENTS IN THE CREATION OF JOBS, SUSTAINABLE DEVELOPMENT, AND COMMUNITY EQUITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CAPITAL RAISING STRATEGIES. RMG PROVIDES THE FOLLOWING SERVICES THROUGH THESE PROGRAMS: ASSISTANCE FOR START-UPS THROUGH THE COMMERCIALIZATION STAGE OF THEIR BUSINESSES, INTRODUCING CLIENTS TO POTENTIAL FUNDING SOURCES, DEVELOPING BUSINESS PLANS, MARKET STUDIES, AND FINANCIAL MODELS FOR CLIENTS, AND PROVIDING STRATEGY RECOMMENDATIONS TO SPUR GROWTH AND STABILITY FOR CLIENTS.
THE COMMUNITY CAPITAL FUND (CCF) IS DEDICATED TO THE PRESERVATIONS AND CREATION OF JOBS, SUSTAINABLE DEVELOPMENT, AND COMMUNITY EQUITY. TO PRESERVE AND REVITALIZE DISADVANTAGED COMMUNITIES THROUGH INVESTMENTS IN THE CREATION OF JOBS, SUSTAINABLE DEVELOPMENT, AND COMMUNITY EQUITY.TO ACCOMPLISH THIS, THE CCF WILL: - EXPAND ACCESS TO NEW CAPITAL FOR UNDERSERVED COMMUNITIES - PRESERVE HOUSING STOCK THROUGH AFFORABLE PURCHASE - REHABILITATION MORTGAGE PRODUCT - PROVIDE AFFORDABLE HOUSING - CREATE PATHWAYS TO BUILD PERSONAL/FAMILY/INTERGENERATIONAL WEALTH - DEVELOP INNOVATIVE PRODUCTS TO MEET THE LOCAL MARKET DEMAND - PROMOTE SUSTAINABLE COMMUNITY DEVELOPMENT IN RESIDENTIAL AND COMMERICAL CORRIDORS - CONNECT BORROWERS TO TECHNICAL ASSISTANCE SERVICES
THE COMMUNITY GROWTH FUND (CGF) IS A NON-PROFIT SUBSIDIARY OF PITTSBURGH COMMUNITY REINVESTMENT GROUP (PCRG) THAT IS DEDICATED TO ENSURING THE AVAILABILTY OF SUFFICIENT FINANCIAL RESOURCES FOR THE PURPOSE OF REVITALIZING COMMUNITIES THROUGHOUT OUR REGION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Walter Burlack Executive Director | Officer | 40 | $87,400 |
Lauren Byrne Connelly Member | Trustee | 2 | $0 |
Richard Witherspoon Vice Chair | Officer | 2 | $0 |
Josh Wynkoop Treasurer | Officer | 2 | $0 |
Paul Johnson Secretary | Officer | 2 | $0 |
Jerome Jackson Chair | Officer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $325,115 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $325,115 |
| Total Program Service Revenue | $46,584 |
| Investment income | $78,606 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $450,305 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $127,192 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,491 |
| Fees for services: Accounting | $29,356 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $602 |
| Advertising and promotion | $0 |
| Office expenses | $612 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $4,527 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $25,353 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $7,358 |
| All other expenses | $0 |
| Total functional expenses | $210,694 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $678,716 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $9,300 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $2,231,197 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $75,000 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,994,213 |
| Accounts payable and accrued expenses | $119,361 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $1,847,173 |
| Other liabilities | $0 |
| Total liabilities | $1,966,534 |
| Net assets without donor restrictions | $361,811 |
| Net assets with donor restrictions | $665,868 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,994,213 |