BEECH CAPITAL VENTURE CORPORATION

Philadelphia, PA | Philadelphia County
Mission-Driven Bank or Credit Union

Overview

BEECH CAPITAL VENTURE CORPORATION
23-3100744
1510 CECIL B MOORE AVENUE NO 300
Philadelphia, PA 19121
Philadelphia County

Mission Statement info

This nonprofit has not reported a mission statement.

CRA Category info
  • Mission-Driven Bank or Credit Union
Nonprofit location info
  • LMI Census Tract
  • Majority Minority Census Tract
Awards & Certifications info
  • CDFI Organization
  • CDFI Award Recipient
Founded info
Not reported
Total Employees info
Not reported
Total Volunteers info
Not reported
Nonprofit Classification (NTEE Code) info
S31

S - Community Improvement, Capacity Building

Urban & Community Economic Development

Organizations that provide technical assistance, loans, loan guarantees or other forms of management support to help impoverished urban communities create local jobs, sustain local services and build healthier local economies.

IRS Activity Codes info
-
Not reported
-
Not reported
-
Not reported
Standard Business Classification (NAICS Code) info
813410
Civic and Social Organizations

CRA Alignment

CRA Category info
Mission-Driven Bank or Credit Union
Bank or credit union that has been certified by the U.S. Treasury as a Community Development Financial Institution.
What does it mean for a nonprofit to be CRA aligned?
Each nonprofit on Community Qualifier has been reviewed by findCRA utilizing a dual evaluation process. Nonprofits are first evaluated by our proprietary algorithm, CRANIA, and then further validated by our CRA experts. When nonprofit passes both parts of this review, we create a nonprofit profile for them on Community Qualifier. From there, a nonprofit can claim their profile and add additional information including their programs & services, counties served, targeted clients and income groups and more.
Awards & Certifications info
Community Development Financial Institution info
Date Certified info
10/25/2013
Native American CDFI info
N
Financial Institution Type info
Loan Fund
Community Development Financial Institution Award Recipient info
Most Recent CDFI Award info
2002
$200,000
CDFI Technical Assistance
New Market Tax Credit Recipient info
HUD Counseling Agency info
Low Income Housing Tax Credit Recipient info

IRS Summary

Income
$678.3K
Revenue
-
Assets
$870K
Exempt Ruling Date info
2002-07
Deductibility Status info
Deductible
Last Tax Filing info
2019
Organization Type info
Corporation
Organization Tax Filing Status info
990 - Not required to file (all other)
Foundation Tax Filing Status info
Not reported
Affiliation Classification info
Independent Organization
States Where Tax Return is Filed info
Not reported
Basis for Foundation/Public Charity Status info
Private non-operating foundation

Nonprofit Location

Physical Address info
1510 CECIL B MOORE AVENUE NO 300
Philadelphia, PA 19121
Philadelphia County
Area Type info
Metropolitan Statistical Area
FIPS Geocoded Address info
37964
MSA/MD info
42
State info
101
County info
0147.00
Tract info
Low
Income Level info
Core-Based Statistical Area info
37980 - Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
Combined Statistical Area info
428 - Philadelphia-Reading-Camden, PA-NJ-DE-MD
Metropolitan Division info
37964 - Philadelphia, PA
Located In info
Low- or Moderate-Income Census Tract info
Opportunity Zone info
Majority Minority Census Tract info 63.48%
FFIEC Designated Distressed Census Tract info
FFIEC Underserved Census Tract info

Market Data

Census Tract County
0147.00 Philadelphia County
Population
Total Population 4,781 1,581,531
Total Households 1,027 613,125
Income
Median Family Income (Census*) $24,688 $49,127
Median Family Income (2022 FFIEC est.) $75,000 N/A
Tract Income Percentage 36.06% N/A
Below Poverty Level 65.1% 23.1%
Unemployment Level 9.2% 8.8%
Housing
Total Housing Units 1,333 689,121
Total Owner-Occupied Units 12.2% 52.8%
Total Renter-Occupied Units 64.9% 47.2%
Total Vacant Units 23.0% 7.1%
* Census tract income based on 2020 Census estimated data; County income based on 2020 American Community Survey data.
View more than 200 performance context data points for this county now.

Management

Not reported
Total Voting Members
in Governing Body
info
Not reported
Independent Voting Members
in Governing Body
info
Tax Filing Signatory info
Kenneth E Scott
President
(215) 763-8825
Principal Officer info
Not reported by nonprofit.
findCRA Profile Owner
Nonprofit profile has not yet been claimed
Key Policies & Documents info
Written Conflict of Interest Policy
Written Document Retention & Destruction Policy
Written Wistleblower Policy
CEO Compensation Review Process
Written Minutes of Board Meetings
Financial Statements & Reporting info
Compiled or Reviewed by an Independent Accountant
Audited by an Independent Accountant
Included in Consolidated Financial Statements
Internal Audit Committee Review
Federal Grant Audit Required
Federal Grand Audit Performed
IRS Reported Activities info
Provides Credit Counseling
Conducts Gaming Activities
Engages in Lobbying Activities
Engages in Political Activities
Makes Grants to Individuals
Makes Grants to Organizations

"NA" in this section indicates that the information was not available in the nonprofit's most recent IRS tax filing.

This Nonprofit Profile was automatically created by findCRA based on data available from publicly available government and industry sources and our own research. This Nonprofit Profile is not currently maintained by, endorsed by, or affiliated with this nonprofit. Whenever possible, we utilize the most recent information available including information as made public by the Internal Revenue Service, U.S. Census Bureau, Federal Financial Institutions Examination Council, and more. The format and design of this Nonprofit Profile is ©findCRA. For more information about our Nonprofit Profiles, please visit www.learncra.com.