Organizations Filed Purposes:
TRUE ACCESS CAPITAL CORPORATION'S (TACC) MISSION IS TO EDUCATE, EMPOWER, AND ELEVATE BUSINESS OWNERS, AND ENTREPRENEURS, BY AUGMENTING TECHNICAL EXPERTISE, INCREASING ACCESS TO CAPITAL AND STIMULATING BUSINESS GROWTH THROUGHOUT DELAWARE AND SOUTHEASTERN PENNSYLVANIA.
TO PROVIDE CREATIVE OPPORTUNITIES FOR ACCESS TO CAPITAL FOR SMALL BUSINESSES, COMMUNITY ORGANIZATIONS, AND DEVELOPERS OF AFFORDABLE HOUSING.
DURING 2019, TRUE ACCESS CAPITAL CORPORATION MADE NEW LOANS AS FOLLOWS: MICRO LOAN FUND - $420,000, BUSINESS GROWTH FUND - $2,267,000, COMMUNITY DEVELOPMENT LOAN FUND - $889,000. SMALL BUSINESS LOANS - ONE OF TACC'S PRIMARY OBJECTIVES IS PROVIDING FINANCING AND SUPPORT SERVICES FOR SMALL BUSINESS ENTERPRISES. THROUGH THIS PROGRAM, TACC CREATES JOBS AND BUILDS WEALTH IN EMERGING MARKETS THROUGHOUT THE STATE OF DELAWARE. TACC HAS TWO PRIMARY SMALL BUSINESS LENDING PROGRAMS - THE MICRO LOAN FUND AND THE BUSINESS GROWTH FUND. THE COMMUNITY DEVELOPMENT FUND FOCUSES ON PROVIDING CAPITAL FOR COMMUNITY-BASED PROJECTS, SUCH AS MIXED-USE PROPERTIES (RESIDENTIAL & RETIAL), NOT-FOR-PROFIT ORGANIZATIONS OTHER THAN HOUSING DEVELOPERS,CHILD CARE CENTERS AND OTHER COMMUNITY FACILITIES. THIS FUND PROVIDES UP TO $500,000 PER OBLIGOR WITH A MAXIMUM TERM OF FIVE YEARS. THE OBJECTIVE OF THE COMMUNITY DEVELOPMENT LOAN PROGRAM IS TO ADDRESS ALL OTHER LENDING THAT DOES NOT FALL SPECIFICALLY WITHIN THE PARAMETERS OF THE AFFORDABLE HOUSING OR SMALL BUSINESS LENDING PRODUCTS. THROUGH THE COMMUNITY DEVELOPMENT LENDING PRODUCT TACC IS EMPOWERED TO BRING SOME BENEFIT TO A PARTICULAR COMMUNITY IN THE FORM OF, FOR EXAMPLE, A NEW CHILD CARE CENTER, A HEALTH CARE PROVIDER, OR BY ASSISTING WITH THE PURCHASE OR REHABILITATION OF OFFICE SPACE FOR A NON-PROFIT ORGANIZATION.
Executives Listed on Filing
Total Salary includes financial earnings, benefits, and all related organization earnings listed on tax filing
| Name | Title | Hours Per Week | Total Salary |
|---|
| Vandell Hampton Jr | PRESIDENT & CEO | 37.5 | $128,538 |
| Richard E Campbell Sr | BOARD MEMBER | 1 | $0 |
| Gloria Diodato | BOARD MEMBER | 1 | $0 |
| Sherry Scanlon | BOARD MEMBER | 1 | $0 |
| Matthew Kattler Cfa | BOARD MEMBER | 1 | $0 |
| Thomas Hanson Jr Esq | SECRETARY | 1 | $0 |
| Jonathan Klass | BOARD MEMBER | 1 | $0 |
| Lottie Lee Davis | BOARD MEMBER | 1 | $0 |
| Judith Scarborough | BOARD MEMBER | 1 | $0 |
| John M Bonhomme | BOARD MEMBER | 1 | $0 |
| Pedro Viera Jr | BOARD MEMBER | 1 | $0 |
| Rachael Mears | BOARD MEMBER | 1 | $0 |
| Margo J Reign | TREASURER | 1 | $0 |
| Paul B Hughes Iii | VICE CHAIR | 1 | $0 |
| James Jarrell | CHAIR | 1 | $0 |
Data for this page was sourced from XML published by IRS (
public 990 form dataset) from:
https://s3.amazonaws.com/irs-form-990/202011929349300311_public.xml