NonprofitsCorporacion Para El Financiamiento Empresarial Del Comercio Y De Las

Community Improvement & Capacity Building

Corporacion Para El Financiamiento Empresarial Del Comercio Y De Las

SAN JUAN, PR

Total revenue

$1.7M

Total expenses

$1.5M

Net assets

$3.3M

Grants received

$199K

4 grants

EIN

660398333

Tax year

2024

Mission

To promote facilitate and execute economic development community revitalization long-term job creation and retention self-employment business and credit education and entrepreneurship through the establishment or expansion of micro small and medium-sized enterprises.

Programs

9 programs

Sba 504 loans program - 25 new loans were closing during the year totaling $8,819,000

Expenses: $416K

Community development financial institution fund - 5 new loans were closed under a new cdfi fund; cdfi-erp-80 20. Total disbursed $59,200.00 loans + $14,800.00 grant

Expenses: $18K

Rural development rbeg - a new loan was closed totaling $46,000.00

Expenses: $35K

Irp program - a new loan was closed totaling $106,200.00

Expenses: $50K

Dhhs - women entrepreneurs loan fund - one new loan were closed totaling $12,061.50

Expenses: $21K

Puerto rico community foundation doral fund - no new loan were closed during the year.

Expenses: $218KGrants: $219K

Community advantage - no new loan were closed during the year.

Expenses: $93K

Cdfi-erp 80 20 - 2 new loans were closed during the year totaling $24,000.00

Expenses: $65KGrants: $82K

Veteran business outreach center vboc - provide training and counseling to veterans

Expenses: $225KGrants: $247K

Financials

FY 2024

Revenue

Contributions & grants$846K
Program service revenue$809K
Investment income
Other revenue$47K
Total revenue$1.7M

Expenses

Grants paid
Salaries & benefits$829K
Fundraising
Other expenses$675K
Total expenses$1.5M
Total assets$7.6M
Net assets$3.3M

People

16 listed

NameRoleCompensation

Jaime J Aponte Parsi

Secretary of Board Director

Board

2 hrs/wk

Ral O Barreras Rivera

Treasurer of Board Director

Board

2 hrs/wk

Carmen M Correa Matos

Director

Board

1 hrs/wk

Diana L Santiago Olivares

Director

Board

1 hrs/wk

Ildefonso Rodrguez

Director

Board

2 hrs/wk

Ismael Velzquez Gomez

Director

Board

1 hrs/wk

Omar M Contreras Gomez

Director

Board

2 hrs/wk

Rodolfo A Rivera

Director

Board

1 hrs/wk

Suleira M Quiones

Director

Board

1 hrs/wk

Jorge Guzman Daleccio

Director

Board

1 hrs/wk

Harry O Vega Diaz

Vice-President of Board Director

Board

1 hrs/wk

Paul M Vilar Nelms

President of Board Director

Board

2 hrs/wk

Giovanna Piovanetti Lugo

Executive President

Staff

$120K

40 hrs/wk

Carlos Abreu

Controller

Staff

$55K

40 hrs/wk

Mayra Martinez

Acting Loan Department

Staff

$50K

40 hrs/wk

Eddie G Melendez

Compliance Manager

Staff

$43K

40 hrs/wk

Grants received

Showing 4 of 4

FromAmountPurposeYear
$28K
Academia Practica Empresarial para Jovenes Emprendedores
2024
$100K
COVID-19 GRANT
2020
$7K
PROVIDE SUPPORT TO SMALL BUSINESS OF PUERTO RICO
2018
$64K
Small business support
2017

Funded by

$199K from 4 funders · 4 grants · 2017–2024

Opportunity Finance Network

$100K · 1 grant · 2020

Details

EIN660398333
NTEE codeS31
Subsection03
Ruling date2003-10
Formed1982
Employees18
Volunteers0
CORPORACION PARA EL FINANCIAMIENTO EMPRESARIAL DEL COMERCIO Y DE LAS — Mission, Financials & Grants Received | Grantivo