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BCL (Cen Tex Certified Development Corporation)

BCL (Cen Tex Certified Development Corporation)

Austin, TX 78701
Tax ID74-2581297

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About this organization

Revenue

$3,349,352

Expenses

$4,589,642

Website

bcloftexas.org

Mission

The mission of BCL of Texas is to build strong communities. BCL of Texas supports communities of color to acquire wealth-building assets such as homeownership and entrepreneurship, with the financial tools and education necessary to optimize positive economic returns. We serve individuals, families, and small business owners, with an emphasis on diversity and underserved communities.

About

Business lending - the organization processes and services SBA guaranteed loans for small businesses that do not qualify for conventional financing. Loans are made to small businesses from grant funds and contributions from various businesses and local governments as well as interest earnings and principal returned to the loan fund pool. During fiscal year 2018, the organization disbursed over $6,270,000 in loans.

Interesting data from their 2020 990 filing

The mission of the non-profit, as stated in the filing, is “To further the economic development of texas by promoting and assisting in the growth and development of small business concerns and to assist in the development of affordable housing for low and moderate income families.”.

When referring to its tasks, they were described as: “To assist and promote the growth and development of small businesses in texas and to facilitate housing initiatives.”.

  • The non-profit is operating legally in the state of TX.
  • The non-profit's address for the year 2020 is listed as 1011 SAN JACINTO 500, AUSTIN, TX, 78701 in the filing.
  • The form submitted by the non-profit organization for 2020 reports 19 employees.
  • Does not operate a hospital.
  • Does not operate a school.
  • Does not collect art.
  • Does not provide credit counseling.
  • Does not have foreign activities.
  • Is not a donor-advised fund.
  • Is not a private foundation.
  • Expenses are greater than $1,000,000.
  • Revenue is greater than $1,000,000.
  • Revenue less expenses is -$1,240,290.
  • The CEO compensation package within the organization is established through a review and approval process by an independent body.
  • The organization has a written policy that describes how long it will retain documents.
  • The organization has 8 independent voting members.
  • The organization was formed in 1990.
  • The organization has a written policy that addresses conflicts of interest.
  • The organization is required to file Schedule B.
  • The organization is required to file Schedule J.
  • The organization is required to file Schedule O.
  • The organization pays $976,773 in salary, compensation, and benefits to its employees.
  • The organization pays $0 in fundraising expenses.
  • The organization provides Form 990 to its governing body.
  • The organization pays grants to individuals.
  • The organization has minutes of its meetings.
  • The organization has a written whistleblower policy.
  • The organization has grants to organizations.
  • The organization's financial statements were reviewed by an accountant.

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