NonprofitsBusiness Finance Group Inc

Business Finance Group Inc

FAIRFAX, VA

Total revenue

$5.1M

Total expenses

$4.7M

Net assets

$4.9M

Grants received

EIN

541193174

Tax year

2023

Mission

Our mission is to help small businesses succeed through creative financing solutions developed by a qualified and expert team of problem solvers. We focus on strengthening communities and promoting economic development through the growth of our small business borrowers as well as through community service projects. We provide outstanding customer service to our small businesses and our lending partners. We foster a work environment that values and respects our staff.

Financials

FY 2023

Revenue

Contributions & grants
Program service revenue$4.9M
Investment income$121K
Other revenue
Total revenue$5.1M

Expenses

Grants paid
Salaries & benefits$3.8M
Fundraising
Other expenses$866K
Total expenses$4.7M
Total assets$8.3M
Net assets$4.9M

People

19 listed

NameRoleCompensation

RICHARD FRANK

PRESIDENT/CEO

Board

$413K

40 hrs/wk

SARAH DEVOE

CHAIRMAN

Board

2 hrs/wk

DEBORAH MINOR

DIRECTOR

Board

2 hrs/wk

HELEN PROPHETER

ASSISTANT SECRETARY

Board

2 hrs/wk

JAMES SCANLON

DIRECTOR

Board

2 hrs/wk

CARL HAIRSTON

SECRETARY

Board

2 hrs/wk

AL GARCIA

DIRECTOR

Board

2 hrs/wk

JENNIFER JONES

DIRECTOR

Board

2 hrs/wk

JOHN BAIOCCO

DIRECTOR

Board

2 hrs/wk

JOSEPH B HUMPHRIES

TREASURER

Board

2 hrs/wk

T SEAN E ROGSTAD

PAST CHAIRMAN

Board

2 hrs/wk

JOHN J YOUNG

ASSISTANT TREASURER

Board

2 hrs/wk

SCOT R BROWNING

VICE CHAIRMAN

Board

2 hrs/wk

MICHAEL W CLARKE

DIRECTOR

Board

2 hrs/wk

GERALD BAROUDI

SR. VICE PRESIDENT/LOAN OF

Staff

$278K

40 hrs/wk

ANGELA SMITH

SR. VICE PRESIDENT,SERVICE

Staff

$211K

40 hrs/wk

MARC OHLER

CHIEF CREDIT OFFICER

Staff

$191K

40 hrs/wk

MELISSA BURROUGHS

VP/LOAN OFFICER

Staff

$191K

40 hrs/wk

SHARON MASIN

DIRECTOR, FINANCE & ACC

Staff

$183K

40 hrs/wk

Details

EIN541193174
Subsection06
Ruling date1983-02
Formed1982
Employees25
Volunteers13
BUSINESS FINANCE GROUP INC — Mission, Financials & Grants Received | Grantivo