South Carolina Community Loan Fund
South Carolina Community Loan Fund
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About this organization
Mission
Our mission is to advance equitable access to capital to build assets and benefit communities and people most in need of economic opportunity. • We accomplish our mission by providing loans, technical assistance, advocacy, and knowledge for the development of affordable housing, healthy food enterprises, community facilities, and community businesses. • Acknowledging that the need for our work is rooted in generations of injustice and disinvestment, we focus on serving people of color, women, low-income individuals, and those in rural communities.
About
AFFORDABLE HOUSING (AH) SCCLF PROVIDES AFFORDABLE HOUSING LOANS GENERALLY UP TO $1,000,000 TO FINANCE ACQUISITION, PREDEVELOPMENT, INFRASTRUCTURE, CONSTRUCTION, REHABILITATION, AND PERMANENT FINANCING DEVELOPMENT COSTS. SCCLF FINANCES THE CONSTRUCTION, REHABILITATION, OR REDEVELOPMENT OF HOMEOWNERSHIP AND RENTAL UNITS AFFORDABLE TO LOW TO MODERATE INCOME FAMILIES IN SOUTH CAROLINA.
Interesting data from their 2018 990 filing
The purpose of the non-profit is listed in the filing as “South carolina community loan fund (scclf) is a u.s. treasury certified community development financial institution (cdfi) whose mission is to advance equitable access to capital by providing loans, technical assistance, and advocacy for affordable housing, healthy food, community facilities, and community business enterprises to create thriving, prosperous, economically resilient communities for all south carolinians.”.
When discussing its operations, they were characterized as: “South carolina community loan fund (scclf) is a u.s. treasury certified community development financial institution (cdfi) whose mission is to advance equitable access to capital by providing loans, technical assistance, and advocacy for affordable housing, healthy food, community facilities, and community business enterprises to create thriving, prosperous, economically resilient communities for all south carolinians.”.
- The non-profit's legally reported state of operation is SC.
- The filing states that the non-profit's address in the year 2018 is 1064 GARDNER ROAD SUITE 302, CHARLESTON, SC, 29407.
- The form submitted by the non-profit for 2018 shows a total of 13 employees.
- Is not a private foundation.
- Expenses are greater than $1,000,000.
- Revenue is greater than $1,000,000.
- Revenue less expenses is $255,812.
- The organization has 17 independent voting members.
- The organization was formed in 2003.
- The organization pays $704,676 in salary, compensation, and benefits to its employees.
- The organization pays $86,788 in fundraising expenses.
