NonprofitsPrince Georges Financial Services Corporation

Community Improvement & Capacity Building

Prince Georges Financial Services Corporation

UPPR MARLBORO, MD

Total revenue

$5.0M

Total expenses

$4.6M

Net assets

$2.4M

Grants received

$1.5M

2 grants

EIN

521305988

Tax year

2023

Mission

Provide financing solutions for small businesses to grow the local economy and strengthen communities.

Programs

3 programs

Edi: the organization partners with the prince george's county economic development corporation in providing administrative and underwriting services for the economic development incentive (edi) fund related to prince george's county. The goal of the edi fund is to create jobs, support local businesses, and promote development opportunities.

Expenses: $225K

Sba 504: the organization markets, analyzes, underwrites, and services the sba 504 program as an agent of the sba. The sba 504 program provides long-term, below market fixed-rate financing for the purchase of improvements of commercial real estate or machinery and equipment.

Expenses: $270K

Technical assistance: technical assistance program is designed to support and empower small businesses in the state of maryland by providing access to capital, training, coaching, mentoring, and networking opportunities. It is a collaborative effort involving a consortium of partners dedicated to equipping businesses with practical tools to help them succeed. By participating in this program, entrepreneurs improve their skills and grow their businesses.

Expenses: $2.4M

Financials

FY 2023

Revenue

Contributions & grants$3.4M
Program service revenue$1.5M
Investment income$34K
Other revenue$45K
Total revenue$5.0M

Expenses

Grants paid
Salaries & benefits$2.3M
Fundraising$188K
Other expenses$2.3M
Total expenses$4.6M
Total assets$13.5M
Net assets$2.4M

People

18 listed

NameRoleCompensation

BEVERLY EVERSON-JONES

CFO

Board

$203K

40 hrs/wk

DAWN R MEDLEY

PRESEDENT & CEO- -CURRENT

Board

$193K

40 hrs/wk

DIPTI PATEL

VICE PRESIDENT- BUSINESS FINANCE

Board

$161K

40 hrs/wk

JAMES STEWARD SMITH

VICE PRESIDENT- BUSINESS DEVELOPMENT

Board

$131K

40 hrs/wk

SHANTON S KITTLER

VICE CHAIR

Board

4 hrs/wk

SIMONE C JOHNSON

DIRECTOR

Board

2 hrs/wk

SONJA WELLS

DIRECTOR

Board

2 hrs/wk

ANGIE ROGERS

DIRECTOR

Board

2 hrs/wk

VALARIE DOCK

DIRECTOR

Board

2 hrs/wk

WARREN BURRIS

DIRECTOR

Board

2 hrs/wk

TERRENCE A BEVERLY

TREASURER

Board

4 hrs/wk

GARRETT JACKSON

DIRECTOR

Board

2 hrs/wk

GREG BEDWARD

SECRETARY

Board

2 hrs/wk

JOHN HALE III

CHAIR

Board

5 hrs/wk

PETER SORGE

CHAIRMAN EMERITUS NON-VOTING

Board

2 hrs/wk

QC JONES

DIRECTOR

Board

2 hrs/wk

KATHY MORANT

S. PORTFOLIO MANAGER

Staff

$134K

40 hrs/wk

ANDREA SCHAUER

SR. LOAN UNDERWRITER

Staff

$128K

40 hrs/wk

Independent contractors

PLATINUM PR

PROGRAM & MARKETING SUPPORT SERVICES

$153K

PROLOCITY CLOUD SOLUTIONS

SOFTWARE SUPPORT & SERVICE

$120K

Grants received

Showing 2 of 2

FromAmountPurposeYear
$500K
COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS INITIATIVE
2020

Funded by

$1.5M from 2 funders · 2 grants · 2020

Citi Foundation

$500K · 1 grant · 2020

Details

EIN521305988
NTEE codeS43Z
Subsection03
Ruling date1985-06
Formed1978
Employees23
Volunteers0
PRINCE GEORGES FINANCIAL SERVICES CORPORATION — Mission, Financials & Grants Received | Grantivo