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Community Development : Housing and Neighborhood Development

Accion East

Lending. Supporting. Inspiring.

four stars

90.23

80 Maiden Lane Suite 903
New York, NY 10038
tel: (866) 245-0783   Web Site
EIN: 11-3317234

Board Leadership
Dennis Lagueux
Chair

CEO
Paul Quintero
Chief Executive Officer

  Score
(out of 100)
Rating
Overall Score & Rating 90.23 four stars
  Financial 86.52 three stars
  Accountability & Transparency 97.00 four stars
This rating was published 05/01/2020 and includes data from FY2018, the most recent 990 received at that time.

Accion East (formerly ACCION USA) is a non-profit microfinance organization that empowers low- to moderate-income small business owners through access to capital and education. With economic opportunity, Accion East's clients-predominantly minorities, immigrants and women-go on to build assets, support their families, create jobs and revitalize their local communities. Since opening its doors in 1991, Accion East has put over 22,000 microloans totaling over $140 million into the hands of hardworking entrepreneurs and families across the country. Accion East is a certified Community Development Financial Institution by the U.S. Department of the Treasury, a sanctioned SBA Intermediary Microlender, and a member of the Accion U.S. Network, the largest microfinance network in the United States.

Accion East (formerly ACCION USA) is a non-profit microfinance organization that empowers low- to moderate-income small business owners through access to capital and education. With economic opportunity, Accion East's clients-predominantly minorities, immigrants and women-go on to build assets, support their families, create jobs and revitalize their local communities. Since opening its doors in 1991, Accion East has put over 22,000 microloans totaling over $140 million into the hands of hardworking entrepreneurs and families across the country. Accion East is a certified Community Development Financial Institution by the U.S. Department of the Treasury, a sanctioned SBA Intermediary Microlender, and a member of the Accion U.S. Network, the largest microfinance network in the United States.

Impact Information

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Financial

three stars

86.52

Accountability & Transparency

four stars

97.00

This rating was published 05/01/2020 and includes data from FY2018, the most recent 990 received at that time.
Overall Rating Chart
  Program Expenses
(Percent of the charity's total expenses spent on the programs
and services it delivers)
81.6%
  Administrative Expenses 10.5%
  Fundraising Expenses 7.7%
  Fundraising Efficiency $0.12
  Working Capital Ratio (years) 0.84
  Program Expenses Growth 20.3%
  Liabilities to Assets 68.9%
All data for Financial Performance Metrics calculations was provided by Accion East on recent 990s filed with the IRS.
All data for Financial Performance Metrics calculations was provided by Accion East on recent 990s filed with the IRS.

Highly Rated

Charity Name & State Overall Score Overall Rating
Accion East (NY) 90.23 four stars
Tides Center (CA) 93.15 four stars
Women's Business Development Center (IL) 95.57 four stars
Ventures (WA) 91.58 four stars
Foundation for Financial Planning (DC) 96.13 four stars

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REVENUE  
Contributions  
   Contributions, Gifts & Grants $2,281,999
   Federated Campaigns $0
   Membership Dues $0
   Fundraising Events $125,356
   Related Organizations $0
   Government Grants $2,121,162
Total Contributions $4,528,517
   Program Service Revenue $2,663,934
Total Primary Revenue $7,192,451
   Other Revenue $-2,405
TOTAL REVENUE $7,190,046
   
EXPENSES  
   Program Expenses $9,330,426
   Administrative Expenses $1,264,875
   Fundraising Expenses $771,620
TOTAL FUNCTIONAL EXPENSES $11,366,921
   
Payments to Affiliates $0
Excess (or Deficit) for the year $-4,176,875
   
Net Assets $7,499,053

Program names and associated costs are listed for the top programs as reported on the charity's most recently filed Form 990. The top programs displayed will include the largest three programs, or those programs covering at least 60% of the charity's total expenses, whichever comes first.

Program Name Amount Spent % of Program Expenses
Microloans & Development Services $8,734,874 93.6%
Community Advantage Lender $595,552 6.4%

Ratings History
Accion East has received 5 consecutive 4-star ratings from Charity Navigator.

Form 990 FYE Date Published Overall Score Overall Rating
CN 2.1
2018-12 05/01/2020 90.23 four stars
2017-12 12/21/2018 92.29 four stars
2016-12 04/01/2018 92.20 four stars
2015-12 03/01/2017 91.13 four stars
2014-12 07/01/2016 92.98 four stars
2014-12 06/01/2016 89.91 three stars
 
CN 2.0
2014-12 12/01/2015 92.09 four stars
2013-12 05/01/2015 96.03 four stars
2012-12 11/01/2013 95.48 four stars
2011-12 10/01/2012 76.17 two stars
2010-12 04/01/2012 83.12 three stars
2009-12 09/20/2011 80.22 three stars
 
CN 1.0
2009-12 04/01/2011 72.91 two stars
2008-12 03/01/2010 93.18 four stars
2007-12 03/01/2009 91.07 four stars
2006-12 04/01/2008 96.15 four stars
2005-12 03/01/2007 97.65 four stars
2004-12 01/01/2006 97.36 four stars
2003-12 12/01/2004 80.64 three stars

The data displayed on this tab is provided by the IRS in the form of Publication 78 and the Business Master File (BMF).

EIN 11-3317234
Name in IRS Master File ACCION EAST INC
NTEE Code S40
NTEE Classification Business and Industry
NTEE Type Community Improvement, Capacity Building
Classification Charitable Organization
Subsection 501(c)(3)  (View the list of codes)
Activities (995) Described in section 509(a)(2) of the Code
(405) Loans or grants for minority businesses
(402) Other activity aimed t combating community deterioration
Foundation Status Organization which receives a substantial part of its support from a governmental unit or the general public   170(b)(1)(A)(vi)
Deductibility Contributions are deductible
Affiliation Independent - the organization is an independent organization or an independent auxiliary (i.e., not affiliated with a National, Regional, or Geographic grouping of organizations).
Group Name [Not Applicable]
Ruling Date April, 1997
Filing Requirement 990 (all other) or 990EZ return
Fiscal Year End December
IRS Forms 990
(provided courtesy of Foundation Center)
(Log In or Register Now to View Forms 990!)
  • December, 2017
  • December, 2016
  • December, 2015
  • December, 2014
  • December, 2013
Compensation % of Expenses Paid to Title
$277,437 2.44% Paul Quintero CEO

Highly Rated

Charity Name & State Overall Score Overall Rating
Accion East (NY) 90.23 four stars
Hebrew Free Loan Society (NY) 90.93 four stars
Association for Enterprise Opportunity (DC) 91.70 four stars
Foundation for Financial Planning (DC) 96.13 four stars
Commonwealth (MA) 88.26 three stars

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This charity has an official representative registered with Charity Navigator.

Charity Contact Info

Accion East
80 Maiden Lane
Suite 903
New York, NY 10038
tel: (866) 245-0783
EIN: 11-3317234

Visit Web Site

Board Leadership

Dennis Lagueux
Chair

CEO

Paul Quintero
Chief Executive Officer

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