Commercial Finance Association Philadelphia

Organization Overview

Commercial Finance Association Philadelphia, operating under the name Commercial Finance Assoc - Phila, is located in Dresher, PA. The organization was established in 2006. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Commercial Finance Assoc - Phila is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.

For the year ending 12/2021, Commercial Finance Assoc - Phila generated $54.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (5.0%) each year. All expenses for the organization totaled $46.6k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (8.5%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE ORGANIZATION WAS ORGANIZED TO PROMOTE THE INTERESTS OF ITS MEMBERS, INCLUDING SUCH THINGS AS: EDUCATION OF INDUSTRY MEMBERS AND FRIENDS OF THE ASSOCIATES NETWORKING OPPORTUNITIES WITH OTHER MEMBERS CAREER ADVANCEMENT OPPORTUNITIES PROMOTING THE ASSET BASED LENDING INDUSTRY THROUGH ITS CHAPTER MEMBERS

Describe the Organization's Program Activity:

Part 3 - Line 4a

N/A


PROMOTED INTERESTS OF MEMBERS IN REGARDS TO PROMOTING THE ASSET BASED LENDING INDUSTRY, PROVIDING CAREER ADVANCEMENT OPPORTUNITIES THROUGH NETWORKING FUNCTIONS AS WELL AS CONTRIBUTING TO THE GENERAL EDUCATION OF INDUSTRY MEMBERS AND FRIENDS OF THE ASSOCIATES.


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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$5,625
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$5,625
Total Program Service Revenue$49,102
Investment income $0
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 $54,727

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