Program areas at Lowell Community Loan Fund
The organization provides both capital and advisory services to enable underserved business owners to reach their full potential and build wealth for the owners, families, and communities. The organization offers a range of low-cost, flexible small business debt and equity capital products with training and technical assistance that address key financing challenges.
The organization operates the business equity initiative (bei) program, which provides black and latinx business owners with quality high touch advisory services developing business owners with a track record and growth trajectory potential.
The organization's residential lending programs help homeowners improve the health and quality of their homes through a sustainable lens. Lending products offered assist homeowners with repairs, lead removal, and energy- efficient upgrades needed to help transition their homes to clean energy.
Grants made by Lowell Community Loan Fund
Who funds Lowell Community Loan Fund
Grants from foundations and other nonprofits
Personnel at Lowell Community Loan Fund
| Name | Title | Compensation | Date of data |
|---|
| Frank Carvalho | Senior Consultant and Former Founding Chief Executive Officer | | 2023-07-17 |
| Katiria Adorno | Chief Administrator | | 2023-07-17 |
| Tameka Moss | Co - Founder and Advisory Services Lead | | 2023-07-17 |
| Glynn Lloyd | Executive Director | $215,449 | 2024-06-13 |
| Alexandra Nova | Senior Director Strategy | $122,280 | 2023-12-31 |
| ...and 14 more key personnel |
Financials for Lowell Community Loan Fund
| Revenues | FYE 12/2023 | FYE 12/2022 | % Change |
|---|
| Total grants, contributions, etc. | $5,689,344 | $7,707,114 | -26.2% |
| Program services | $784,609 | $443,823 | 76.8% |
| Investment income and dividends | $100,109 | $3,509 | 2752.9% |
| 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 | $4,360 | -100% |
| Total revenues | $6,574,062 | $8,158,806 | -19.4% |
Organizations like Lowell Community Loan Fund
| Organization | Type | Location | Revenue |
|---|
| Midwest Housing Development Fund | 501(c)(3) | Omaha, NE | $5,776,652 |
| Opportunity Resource Fund | 501(c)(3) | Lansing, MI | $3,996,660 |
| Community Investment Corporation | 501(c)(3) | Chicago, IL | $17,601,990 |
| Housing Trust Fund Ventura County | 501(c)(3) | Camarillo, CA | $4,127,413 |
| California Community Reinvestment Corporation | 501(c)(3) | Glendale, CA | $16,967,100 |
| Bluehub Capital | 501(c)(3) | Boston, MA | $3,014,300 |
| Roc USA LLC | 501(c)(3) | Concord, NH | $21,389,105 |
| MoFi | 501(c)(3) | Missoula, MT | $18,875,682 |
| Wisconsin Native Loan Fund (WINLF) | 501(c)(3) | Lac Du Flambeau, WI | $2,400,832 |
| Capital for Change | 501(c)(3) | Wallingford, CT | $7,930,155 |
Data update history
August 3, 2024
Posted financials
Added Form 990 for fiscal year 2023
July 31, 2024
Used new vendors
Identified 2 new vendors, including , and
January 6, 2024
Posted financials
Added Form 990 for fiscal year 2022
Nonprofit Types
Housing and shelter organizationsCharities
Issues
Human servicesHousing
Characteristics
Receives government fundingTax deductible donationsAccepts online donations
General information
- Address
- 50 Island St Suite 103
- Lawrence, MA 01840
- Metro area
- Boston-Cambridge-Newton, MA-NH
- County
- Essex County, MA
- Website URL
- mccinvest.org/Â
- Phone
- (978) 258-2772
IRS details
- EIN
- 04-3571892
- Fiscal year end
- December
- Taxreturn type
- Form 990
- Year formed
- 2001
- Eligible to receive tax-deductible contributions (Pub 78)
- Yes
Categorization
- NTEE code, primary
- L20: Housing Development, Construction, Management
- NAICS code, primary
- 522120: Savings Institutions
- Parent/child status
- Independent
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