Organizations Filed Purposes:
The purpose of the corporation is to further economic development to promote and assist in the growth and development of business concerns and to engage in those activities which are in furtherance of or related to those purposes
Lending ProgramsBusiness builder loans, SBA Micro-loan Program, small business loan , real estate loans, and line of credit programs provide funding to eligible businesses within the organization's service area to meet most needs that those businesses may have. Although the LDC provides assistance to those under-served by the traditional financial institutions, it collaborates regularly with local commercial lenders and small business community resources.For the year ended September 30, 2020, the Organization approved 50 loans totaling $5,515,893 which resulted in closing 42 loans for a total of $5,373,893 in funding. These loans, including those refinanced, funded low-to-moderate housing projects and both new and existing micro and small businesses which provided a positive impact on employment opportunities through the creation and retention of 360 jobs.
Technical Assistance ProgramCoupled with its loan products, the organization provides both pre-loan counseling to prospective applicants and intensive post-loan developmental services to its borrowers. Such assistance occurs in various forums: one-on-one counseling, group sessions, workshops, seminars, classes, exhibitions, and site visits. Many of the group sessions are conducted in collaboration with local community resources such as SBDC, SCORE, or the SBA, just to name a few. Throughout the year, the Organization provided over 1,500 entrepreneurs some level of technical assistance. Of the total assisted, 140 individuals received information by attending one or more of the 24 seminars, workshops, or networking sessions offeredThe organization views its one-on-one technical assistance as critical to providing a foundation for success and offers such assistance through several vehicles of delivery to include consultant team, staff, and its community resources. The consultant team allows the Organization to provide specialized training by offering bookkeeping and QuickBooks training and business counseling through its site visit program. During the year, 114 businesses received almost 629.25 hours of specialized training.
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 |
|---|
| Steve Saltzman | Executive Dir. | 40 | $104,327 |
| Dwayne Jubar | Financial Dir. | 40 | $97,038 |
| John B Bennett | Director | 5 | $0 |
| Yvonne D Evans | Secretary | 5 | $0 |
| Bryan Mcneal Jr | Asst Secretary | 5 | $0 |
| Grant A Mcanulty | President | 5 | $0 |
| Casdell E Singleton | Vice President | 5 | $0 |
| Richard K Yonce | Past-President | 5 | $0 |
| Eduardo Curry Esq | Director | 5 | $0 |
| Perry K Waring | Director | 5 | $0 |
| William F Thompson Jr | Director | 5 | $0 |
| John Holdsclaw Iv | Director | 5 | $0 |
| David H Haper | Director | 5 | $0 |
| Donna D'Amato | Director | 5 | $0 |
| Clay Middleton | Treasurer | 5 | $0 |
| Kerri Chisolm | Director | 5 | $0 |
Data for this page was sourced from XML published by IRS (
public 990 form dataset) from:
https://s3.amazonaws.com/irs-form-990/202101349349303085_public.xml