Community Development : Housing and Neighborhood Development

LiftFund

Dream it. Fund it.

four stars

92.38

2007 W Martin Street San Antonio, TX 78207
tel: (888) 215-2373   Web Site
EIN: 74-2712770

Board Leadership
Jim Adams
Chairman

CEO
Janie Barrera
President & CEO

  Score
(out of 100)
Rating
Overall Score & Rating 92.38 four stars
  Financial 90.00 four stars
  Accountability & Transparency 96.00 four stars
This rating was published 02/01/2018 and includes data from FY2016, the most recent 990 received at that time.

The Mission of LiftFund is to provide credit and services to small businesses and entrepreneurs who do not have access to loans from commercial sources and to provide leadership and innovation to the microlending industry. LiftFund is a designated community development financial institution, or CDFI. CDFIs are working in neighborhoods across the United States to provide affordable, responsible credit, create and sustain jobs, and to stabilize communities. CDFIs finance community businesses, including small businesses, microenterprises, nonprofit organizations, commercial real estate, and affordable housing.

The Mission of LiftFund is to provide credit and services to small businesses and entrepreneurs who do not have access to loans from commercial sources and to provide leadership and innovation to the microlending industry. LiftFund is a designated community development financial institution, or CDFI. CDFIs are working in neighborhoods across the United States to provide affordable, responsible credit, create and sustain jobs, and to stabilize communities. CDFIs finance community businesses, including small businesses, microenterprises, nonprofit organizations, commercial real estate, and affordable housing.

Results Information

Reported Results
Showing 3 of 6
Total in 2015
Number of loans issued to clients
1,365
Total dollar amount of loans issued
24,899,400
Number of job skills training courses/workshops conducted
115
Number of jobs created and maintained
5,187
Number of financial literacy courses conducted
115
Number of clients served
5,216
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This results data is current as of November 2017, when it was provided to us by GuideStar. Results information published on this organization's rating page has no effect on its rating at this time. data iconLearn More

Financial

four stars

90.00

Accountability & Transparency

four stars

96.00

This rating was published 02/01/2018 and includes data from FY2016, 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)
88.9%
  Administrative Expenses 7.1%
  Fundraising Expenses 3.9%
  Fundraising Efficiency $0.07
  Working Capital Ratio (years) 0.95
  Program Expenses Growth 12.6%
  Liabilities to Assets 75.6%
All data for Financial Performance Metrics calculations was provided by LiftFund on recent 990s filed with the IRS.
All data for Financial Performance Metrics calculations was provided by LiftFund on recent 990s filed with the IRS.
REVENUE  
Contributions  
   Contributions, Gifts & Grants $6,304,561
   Federated Campaigns $0
   Membership Dues $0
   Fundraising Events $0
   Related Organizations $0
   Government Grants $2,366,949
Total Contributions $8,671,510
   Program Service Revenue $8,977,151
Total Primary Revenue $17,648,661
   Other Revenue $566,294
TOTAL REVENUE $18,214,955
   
EXPENSES  
   Program Expenses $14,801,522
   Administrative Expenses $1,081,411
   Fundraising Expenses $721,831
TOTAL FUNCTIONAL EXPENSES $16,604,764
   
Payments to Affiliates $0
Excess (or Deficit) for the year $1,610,191
   
Net Assets $15,425,917

Charts

Compensation % of Expenses Paid to Title
$193,183 1.16% Janie Barrera President & CEO

Mission

The Mission of LiftFund is to provide credit and services to small businesses and entrepreneurs who do not have access to loans from commercial sources and to provide leadership and innovation to the microlending industry. LiftFund is a designated community development financial institution, or CDFI. CDFIs are working in neighborhoods across the United States to provide affordable, responsible credit, create and sustain jobs, and to stabilize communities. CDFIs finance community businesses, including small businesses, microenterprises, nonprofit organizations, commercial real estate, and affordable housing.

Highly Rated

Charity Name & State Overall Score Overall Rating
LiftFund (TX) 92.38 four stars
Accion East (NY) 92.20 four stars
Commonwealth (MA) 91.72 four stars
ACCION San Diego (CA) 94.74 four stars
Hope Enterprise Corporation (MS) 85.64 three stars

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Charity Contact Info

LiftFund
2007 W Martin Street
San Antonio, TX 78207
tel: (888) 215-2373
fax: (210) 533-2940
EIN: 74-2712770

Visit Web Site

Board Leadership

Jim Adams
Chairman

CEO

Janie Barrera
President & CEO