COLLABORATIVE LENDING INITIATIVE INC
EIN 23-2765410 · Economic Development (S30)
What they do
THE ORGANIZATION EXISTS TO INCREASE THE CAPITAL AVAILABLE TO ORGANIZATIONS THAT PRODUCE AND/OR OPERATE CONSTRUCTION PROJECTS FOR THE ECONOMICALLY AND PHYSICALLY DISADVANTAGED. THE ORGANIZATION SEEKS TO INCREASE PARTICIPATION OF CONVENTIONAL FINANCIAL INSTITUTIONS IN THE FINANCING OF SUCH CONSTRUCTION PROJECTS THROUGH THE SALE OF LOANS, DIRECT AND INDIRECT LOAN PARTICIPATIONS AND TECHNICAL ASSISTANCE BY VARIOUS MEANS: FAVORABLE INTEREST RATES, LIBERAL UNDERWRITING STANDARDS, TECHNICAL ASSISTANCE IN THE APPLICATION PROCESS, AND REDUCED DOCUMENTATION AND CLOSING COSTS.THE ORGANIZATION WILL BE A DIRECT LENDER TO CONSTRUCTION PROJECTS. THE LOANS MADE BY THE ORGANIZATION WILL BE FUNDED BY(1) BANKING SYNDICATION(2) THE USE OF ITS OWN FUNDS(3) INDIRECT LOAN PARTICIPATION INCLUDING CREDIT ENHANCEMENT
Financial picture
About this charity
- Recognized since
- January 1994
- Location
- 1700 MARKET STREET 19TH FLOOR, PHILADELPHIA, PA 19103-3904
- County
- Philadelphia
- In care of
- MICHAEL M CRIST
How to reach them
Filing and classification
- Tax period began
- January 1, 2023
- NTEE classification
- Economic Development (S30)
- IRS tax category
- Economic Development
More public IRS record details
These are classification codes from the organization’s public nonprofit record.
- Subsection
- 03
- Affiliation
- 3
- Classification
- 1000
- Deductibility
- 1
- Foundation
- 17
- Activity
- 400000000
- Organization
- 1