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    
      (61.07)
Organizational Efficiency      
Program Expenses 85.7%    
Administrative Expenses 12.4%    
Fundraising Expenses 1.7%    
Fundraising Efficiency $0.04    
Efficiency Rating    
      (38.57)
Organizational Capacity      
Primary Revenue Growth 16.1%    
Program Expenses Growth 29.0%    
Working Capital Ratio (years) 0.24    
Capacity Rating    
      (22.50)

Income Statement     (FYE 12/2007)

Revenue  
Primary Revenue $5,890,730
Other Revenue $23,810
Total Revenue $5,914,540
   
Expenses  
Program Expenses $5,570,696
Administrative Expenses $805,626
Fundraising Expenses $116,425
Total Functional Expenses $6,492,747
   
Payments to Affiliates $0
Excess (or Deficit) for the year $-578,207
   
Net Assets $2,632,643

Charts

Expenses Breakdown

Expenses Legend

Revenue/Expenses Trend

Revenue-Expense Legend

Contact Information

ACCION New York and New Jersey
115 East 23rd Street
7th Floor
New York, NY 10010
tel: (646) 833-4522
fax: (212) 387-0277
EIN: 11-3317234

Contact Email
Visit Web Site

Leadership      (FYE 12/2007)

Name Title Compensation % of Expenses
Paul Quintero Interim Chief Executive Officer, CFO (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.) $126,457 1.94%

Donor Privacy Policy

YES, this charity has a written donor privacy policy.

Mission

ACCION New York and New Jersey is a microlending organization that 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. As a leader in both U.S. microfinance and local small business lending, ACCION has provided over $80 million in small loans since its inception in 1991. In January 2009, ACCION USA and ACCION New York and New Jersey combined operations to more effectively contribute to job creation, increased household incomes, and the availability of capital nationwide.

Charities Performing Similar Types of Work

Charity Name Overall Score Overall Rating
ACCION New York and New Jersey - NY 61.07
National Foundation for Teaching Entrepreneurship - NY 59.34
Women's Business Development Center - IL 60.17
ACCION New Mexico - NM 63.43
Tides Center - CA 59.78
Compare These Charities (Highly Rated)
Charity Name Overall Score Overall Rating
ACCION New York and New Jersey - NY 61.07
Green America - DC 58.46
ACCION New Mexico - NM 63.43
ACCION USA - NY 59.13
Women's Business Development Center - IL 60.17
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