Program areas at BCL of Texas
Business lending - the organization processes and services sba loans for small businesses that do not qualify for conventional financing. Loans are made to small businesses from grant funds and contributions from various businesses and local governments as well as interest earnings and principal returned to the loan fund pool. During fiscal year 2022, the organization disbursed over $5 million in loans.
Housing and home ownership - the organization helps families secure a home of their own and build their assets. The organization's specialists work to build a customized plan with clients to help them achieve their goals at their own pace.
Community Development - the organization counseled over 1,000 families on home foreclosure and mitigation, and over 800 businesses with management counseling, business marketing, growth strategies, and general business start up and Development.
Entrepreneurship - the organization uses its knowledge and experience to help small businesses meet their goals.
Who funds BCL of Texas
Grants from foundations and other nonprofits
Personnel at BCL of Texas
| Name | Title | Compensation | Date of data |
|---|
| Rosa Rios Valdez | Chief Executive Officer | $182,000 | 2022-12-13 |
| Raquel Valdez | Chief Operating Officer | | 2023-11-16 |
| Rosa Rios-Valdez | Executive Director | $150,000 | 2021-04-06 |
Financials for BCL of Texas
| Revenues | FYE 06/2022 | FYE 06/2021 | % Change |
|---|
| Total grants, contributions, etc. | $5,728,177 | $1,125,766 | 408.8% |
| Program services | $1,195,719 | $2,943,012 | -59.4% |
| Investment income and dividends | $30,499 | $11,790 | 158.7% |
| Tax-exempt bond proceeds | $0 | $0 | - |
| Royalty revenue | $0 | $0 | - |
| Net rental income | $0 | $0 | - |
| Net gain from sale of non-inventory assets | $0 | $0 | - |
| Net income from fundraising events | $0 | $0 | - |
| Net income from gaming activities | $0 | $0 | - |
| Net income from sales of inventory | $0 | $0 | - |
| Miscellaneous revenues | $0 | $0 | - |
| Total revenues | $6,954,395 | $4,080,568 | 70.4% |
Organizations like BCL of Texas
| Organization | Type | Location | Revenue |
|---|
| Impact Seven | 501(c)(3) | Rice Lake, WI | $21,975,718 |
| Rural Enterprises of Oklahoma | 501(c)(3) | Durant, OK | $7,140,966 |
| Western Colorado Business Development Corporation | 501(c)(3) | Grand Junction, CO | $2,298,721 |
| Metropolitan Economic Development Association | 501(c)(3) | Minneapolis, MN | $6,566,738 |
| Flagship Enterprise Center | 501(c)(3) | Anderson, IN | $8,589,036 |
| Northeast Indiana Innovation Center | 501(c)(3) | Fort Wayne, IN | $2,117,873 |
| Aedc Small Business Lending Center | 501(c)(3) | Eureka, CA | $3,441,770 |
| Community Investment Collaborative | 501(c)(3) | Charlottesville, VA | $2,244,096 |
| The Enterprise Center Community Development Corporation (TEC) | 501(c)(3) | Philadelphia, PA | $3,926,545 |
| Aspermont Small Business Development Center | 501(c)(3) | Aspermont, TX | $4,207,952 |
Data update history
December 31, 2023
Received grants
Identified 3 new grant, including a grant for $264,250 from The Meadows Foundation December 23, 2023
Received grants
Identified 10 new grant, including a grant for $469,000 from NeighborWorks America November 25, 2023
Posted financials
Added Form 990 for fiscal year 2021
July 27, 2023
Posted financials
Added Form 990 for fiscal year 2022
June 4, 2023
Updated personnel
Identified 1 new personnel
Nonprofit Types
Public sector nonprofitsBusiness and community development organizationsHeadquarter / parent organizationsCharities
Issues
Economic developmentBusiness and industry
Characteristics
State / local levelReceives government fundingCommunity engagement / volunteeringTax deductible donations
General information
- Address
- 1011 Jan Jacinto Blvd
- Austin, TX 78701
- Metro area
- Austin-Round Rock-Georgetown, TX
- County
- Travis County, TX
- Website URL
- bcloftexas.org/Â
- Phone
- (512) 912-9884
- Facebook page
- bcloftexasÂ
- Twitter profile
- @bcloftexasÂ
IRS details
- EIN
- 74-2581297
- Fiscal year end
- June
- Taxreturn type
- Form 990
- Year formed
- 1990
- Eligible to receive tax-deductible contributions (Pub 78)
- Yes
Categorization
- NTEE code, primary
- S43: Management Services for Small Business, Entrepreneurs
- NAICS code, primary
- 926110: Economic Development Corporations and Economic Program Organizations
- Parent/child status
- Central organization
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