Center For Community Lending
- Assets
- $239.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Washington, DC
- Founding
- 01/1998
- Data as of
- 12/2022
- 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 12/2022, Center For Community Lending generated $143.5k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.4%) each year. All expenses for the organization totaled $120.3k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (5.8%) 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
2022
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 | |
Doug Schaeffer Treasurer (from 4/2022) | 1 | $0 | |
Kerri Holloway Treasurer (to 4/2022) | 1 | $0 | |
Jack Markowski Director (to 4/2022) | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $121,200 |
| Total Program Service Revenue | $22,250 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $143,450 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $68,911 |
| Professional fees and other payments to independent contractors | $22,050 |
| Occupancy, rent, utilities, and maintenance | $6,347 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $22,976 |
| Total expenses | $120,284 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $237,625 |
| Other assets | $0 |
| Total assets | $239,214 |
| Total liabilities | $86,017 |
| Net assets or fund balances | $153,197 |