Public Benefit : Community and Housing Development

ACCION New York and New Jersey

Providing microloans and business advisory services to individuals and small businesses

Rating

Overall Rating    
      (66.15)
Organizational Efficiency      
Program Expenses 87.1%    
Administrative Expenses 9.4%    
Fundraising Expenses 3.4%    
Fundraising Efficiency $0.10    
Efficiency Rating    
      (36.15)
Organizational Capacity      
Primary Revenue Growth 13.7%    
Program Expenses Growth 14.8%    
Working Capital Ratio (years) 3.12    
Capacity Rating    
      (30.00)

Income Statement     (FYE 12/2006)

Revenue  
Primary Revenue $5,224,463
Other Revenue $40,410
Total Revenue $5,264,873
   
Expenses  
Program Expenses $4,796,970
Administrative Expenses $518,483
Fundraising Expenses $189,867
Total Functional Expenses $5,505,320
   
Payments to Affiliates $0
Excess (or Deficit) for the year $-240,447
   
Net Assets $3,210,850

Contact Information

ACCION New York and New Jersey
115 East 23rd Street
7th Floor
New York, NY 10010
tel: (212) 387-0377
fax: (212) 387-0277

Contact Email
Visit Web Site

Leadership      (FYE 12/2006)

Name Title Compensation % of Expenses
Robert A. Espaillat President (The person identified as holding the highest position of management, and therefore who would normally be responsible for carrying out the mission of the charity and leading the organization on a day-to-day basis.) $181,568 3.29%

Donor Privacy Policy

YES, this charity has a written donor privacy policy.

Mission

ACCION New York and New Jersey is a national leader in domestic microfinance, having provided over $76 million in small business loans since inception. Established in 1991 as ACCION International's first domestic affiliate, ACCION New York became a fully independent nonprofit organization five years later in order to meet the demand in New York's market for unique programs and methods. In response to a latent demand for business loans in New Jersey, ACCION New York launched ACCION New Jersey as a division of the organization in 2004. ACCION New York and New Jersey contributes to the economic development of the New York metropolitan region by providing loans and advisory services to individuals and small businesses that do not have access to traditional sources of credit.

Charities Performing Similar Types of Work

Charity Name Overall Score Overall Rating
ACCION New York and New Jersey - NY 66.15
ACCION USA - MA 62.80
Association for Enterprise Opportunity - VA 64.20
ACCION San Diego - CA 68.69
Co-op America - DC 55.95
Compare These Charities (Highly Rated)
Charity Name Overall Score Overall Rating
ACCION New York and New Jersey - NY 66.15
ACCION USA - MA 62.80
ACCION San Diego - CA 68.69
ACCION New Mexico - NM 66.10
Co-op America - DC 55.95
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