Greenline Access Capital
- Assets
- $317.1k
- Revenue
- $212.9k
- Investments
- $0.0
- Employees
- 2
- Location
- Philadelphia, PA
- Founding
- Data as of
- 06/2023
- EIN
- 87-2852513
Organization Overview
Greenline Access Capital is located in Philadelphia, PA. 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 06/2023, Greenline Access Capital employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Greenline Access Capital 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 06/2023, Greenline Access Capital generated $212.9k in total revenue. All expenses for the organization totaled $346.6k during the year ending 06/2023. While expenses have increased by 42.0% per year over the past 2 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
OVER 101 CLIENTS SERVED WITH BUSINESS CONSULTING, TECHNICAL ASSISTANCE AND CONNECTING WITH RESOURCES AND PROFESSIONALS FROM VARIOUS INDUSTRIES: LEGAL, MARKETING, CONSTRUCTION, COMMUNICATIONS, ACCOUNTING AND CITY BUSINESS MANAGERS
Describe the Organization's Program Activity:
Part 3 - Line 4a
A) OVER 196 CLIENTS SERVED WITH BUSINESS CONSULTING, TECHNICAL ASSISTANCE AND CONNECTING WITH RESOURCES AND PROFESSIONALS FROM VARIOUS INDUSTRIES: LEGAL, MARKETING, CONSTRUCTION, COMMUNICATIONS, ACCOUNTING AND CITY BUSINESS MANAGERSB) CLOSED 10 LOANS TOTALING $145,000, AVERAGE LOAN SIZE $14,500C) HOSTED AND COHOSTED 43 FINANCIAL AND BUSINESS WORKSHOPS D) ASSISTED 23 CLIENTS TO OBTAIN $825,500 IN BUSINESS LOANS AND FEDERAL, LOCAL AND STATE GRANTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kersy Azocar President | Officer | 37.5 | $101,923 |
Roxanna Encarnacion VP Of Business Lending | Officer | 37.5 | $70,192 |
Carey Morgan Treasurer | Officer | 0.5 | $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 | $166,091 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $166,091 |
| Total Program Service Revenue | $46,832 |
| 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 | $212,923 |
| 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 | $1,372 |
| Compensation of current officers, directors, key employees. | $172,115 |
| Compensation of current officers, directors, key employees. | $25,817 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $58,580 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $17,300 |
| Fees for services: Management | $23,312 |
| Fees for services: Legal | $9,528 |
| Fees for services: Accounting | $4,440 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $10,494 |
| Office expenses | $8,007 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $8,022 |
| Travel | $209 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,472 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,149 |
| Insurance | $3,700 |
| All other expenses | $26,919 |
| Total functional expenses | $346,619 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $207,390 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $3,928 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $105,814 |
| Total assets | $317,132 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Other liabilities | $556,338 |
| Total liabilities | $556,338 |
| Net assets without donor restrictions | -$239,206 |
| Net assets with donor restrictions | $0 |
| 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 | $317,132 |