Ceds Finance
Ceds Finance
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About this organization
Mission
CEDS Finance supports the American Dream of financial self-sufficiency by assisting immigrants, refugees and those from underserved communities to start, grow or strengthen their small business in Metro Denver.
About
As part of the micro-enterprise (MED) program, the organization is engaged to promote business and self-employment among underserved Denver metro residents with a particular concentration on refugees and immigrants. MED loan amounts range from $500 to $50,000, with terms of up to five years. MED loans can be collateralized by any assets of the borrower. All loans are secured by some form of collateral. Interest rates on the loans are based on a variety of risk factors and range from 7.25% to 11.00%. MED loan payments are due to the organization on the 15th day of each month. A late fee of 5% is assessed if loan payments are eleven or more days late. If a micro-enterprise loan is deemed to be in default, a borrower may be asked to voluntarily surrender the pledged collateral.
Interesting data from their 2020 990 filing
According to the filing, the non-profit's mission is “The mission of community enterprise development services is to support the american dream of financial self-sufficiency, by assisting refugees, immigrants, and those from underserved communities in metro denver who desire to own or strengthen businesses, develop assets, and empower themselves financially.”.
When referring to its actions, they were described as: “The mission of community enterprise development services is to support the american dream of financial self-sufficiency, by assisting refugees, immigrants, and those from underserved communities in metro denver who desire to own or strengthen businesses, develop assets, and empower themselves financially.”.
- According to the law, the state of operation reported by the non-profit is CO.
- As per the filing, the address of the non-profit for 2020 is 1450 S HAVANA STREET SUITE 620, AURORA, CO, 80012.
- According to their form, the non-profit as of 2020 has a total of 11 employees.
- Is not a private foundation.
- Expenses are between $500,000 and $1,000,000+.
- Revenue is greater than $1,000,000.
- Revenue less expenses is $151,932.
- The organization has 8 independent voting members.
- The organization was formed in 2011.
- The organization pays $501,449 in salary, compensation, and benefits to its employees.
- The organization pays $36,477 in fundraising expenses.
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