Center For Community Lending
- Assets
- $151.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Washington, DC
- Founding
- 01/1998
- Data as of
- 12/2021
- EIN
- 31-1572726
Organization Overview
Center For Community Lending is located in Washington, DC. The organization was established in 1998. According to its NTEE Classification (P51) the organization is classified as: Financial Counseling, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Center For Community Lending 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 12/2021, Center For Community Lending generated $163.0k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.4%) each year. All expenses for the organization totaled $141.1k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (4.4%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
EXPANSION OF AVAILABILITY OF CREDIT, PROMOTING REVITALIZATION OF DISTRESSED NEIGHBORHOODS, STIMULATING JOB CREATION FOR UNEMPLOYED, CONFERENCES AND ELIMINATING DISCRIMINATION IN LENDING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Benson Roberts President And CEO | 5 | $0 | |
Joseph Flatley Chair | 1 | $0 | |
Sara Spofford Secretary | 1 | $0 | |
Kerri Holloway Treasurer | 1 | $0 | |
Jack Markowski Director | 1 | $0 | |
Mark Willis Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $150,605 |
| Total Program Service Revenue | $12,352 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $162,957 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $87,650 |
| Professional fees and other payments to independent contractors | $29,377 |
| Occupancy, rent, utilities, and maintenance | $9,362 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $14,686 |
| Total expenses | $141,075 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $145,068 |
| Other assets | $0 |
| Total assets | $151,412 |
| Total liabilities | $21,381 |
| Net assets or fund balances | $130,031 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Center For Community Lending has recieved totaling $49,105.
| Awarding Organization | Amount |
|---|---|
Enterprise Community Partners Inc Columbia, MD PURPOSE: CAPACITY BUILDING | $30,000 |
Local Initiatives Support Corporation New York, NY PURPOSE: SEE PART IV | $14,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $5,105 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Humentum Washington, DC | $3,896,322 | $9,731,950 |
National Foundation For Credit Counseling Inc Washington, DC | $8,192,491 | $8,760,104 |
Motley Fool Foundation Alexandria, VA | $13,206,539 | $15,812,396 |
Consumer Credit Counseling Service Of Maryland And Delaware Inc Columbia, MD | $10,074,197 | $2,872,253 |
Maryland Capital Enterprises Inc Salisbury, MD | $12,872,521 | $4,572,736 |
Cash Campaign Of Maryland Inc Baltimore, MD | $1,565,207 | $2,174,273 |
Life Asset Inc Washington, DC | $6,492,765 | $2,953,313 |
Housing Options & Planning Enterprises Inc Oxon Hill, MD | $202,491 | $697,836 |
Homeownership Council Of America Washington, DC | $137,936 | $530,051 |
Black Wealth Summit Inc Lanham, MD | $118,555 | $533,255 |
Freedom First Enterprises Roanoke, VA | $498,620 | $425,122 |
Making Change Inc Columbia, MD | $94,551 | $289,968 |