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 2020 990 filing
The filing documents outline the non-profit's mission 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 outlining the tasks it performs, they were referred to 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 reported state of operation is SC as per legal requirements.
- The filing reveals that the address of the non-profit in 2020 is 1051 GARDNER ROAD SUITE A, CHARLESTON, SC, 29407.
- As of 2020, the non-profit has 17 employees reported on their 990 form.
- Is not a private foundation.
- Expenses are greater than $1,000,000.
- Revenue is greater than $1,000,000.
- Revenue less expenses is $1,251,639.
- The organization has 17 independent voting members.
- The organization was formed in 2003.
- The organization pays $1,118,292 in salary, compensation, and benefits to its employees.
- The organization pays $246,978 in fundraising expenses.
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