COMMON WEALTH REVOLVING LOAN FUND

YOUNGSTOWN, OH | Trumbull County
Economic Development
COMMON WEALTH REVOLVING LOAN FUND
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As of 02/01/23, this nonprofit no longer meets findCRA's qualification requirements and will no longer appear in CQ search results.

Reason for disqualification: This nonprofit no longer appears in the IRS Business Master File of exempt organizations and may have ceased operations, merged with another organization or had its IRS exemption revoked.

Overview

COMMON WEALTH REVOLVING LOAN FUND
34-1517534
4319 BELMONT AVE
YOUNGSTOWN, OH 44505
Trumbull County

Mission Statement info

This nonprofit has not reported a mission statement.

CRA Category info
  • Economic Development
Nonprofit location info
  • This nonprofit is not located in any CRA geographies.
Awards & Certifications info
  • CDFI Award Recipient
Founded info
Not reported
Total Employees info
Not reported
Total Volunteers info
Not reported
Nonprofit Classification (NTEE Code) info
W60

W - Public, Society Benefit

Financial Institutions

Organizations that provide an alternative to the traditional banking system for people who want to maintain checking or savings accounts, purchase money orders, cash third-party checks or engage in other financial transactions.

IRS Activity Codes info
403
Attracting new industry or retaining industry in an area
-
Not reported
-
Not reported
Standard Business Classification (NAICS Code) info
522000
Credit Intermediation and Related Activities

CRA Alignment

CRA Category info
Economic Development
Workforce development, job training, and small business or startup support.
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
Community Development Financial Institution Award Recipient info
New Market Tax Credit Recipient info
YearAmountProgramAwardee Name

Includes CDFI Fund awards granted between January 2013 and December 2023

HUD Counseling Agency info
Low Income Housing Tax Credit Recipient info

IRS Summary

Income
-
Revenue
-
Assets
-

Not reported by IRS.


The income, revenue, and assets information was not included on this nonprofit's most recent tax filing or the nonprofit has not yet filed its first tax return.

IRS Business Master File Details info

As of March 2024
Exempt Ruling Date info
1970-01
Deductibility Status info
Not reported
Last Tax Filing info
Not required to file by IRS
Organization Type info
Not reported
Organization Tax Filing Status info
Not reported
Foundation Tax Filing Status info
Not reported
Affiliation Classification info
Not reported
Basis for Foundation/Public Charity Status info
Not reported

IRS Publication 78 Details info

As of March 2024
Verified in Publication 78 info
No
Deductibility Limitation info
Not reported
Organization Description info
Not reported

IRS Form 990 Returns info

Through August 2023
Tax period ending in
2018-12
PDF
990
E-File
990
XML
990
Tax period ending in
2017-12
PDF
990
E-File
990
XML
990
Tax period ending in
2016-12
PDF
990
E-File
990
XML
990

Nonprofit Location

Physical Address info
4319 BELMONT AVE
YOUNGSTOWN, OH 44505
Trumbull County
Area Type info
Metropolitan Statistical Area
FIPS Geocoded Address info
49660
MSA/MD info
39
State info
155
County info
9319.00
Tract info
Middle
Income Level info
Core-Based Statistical Area info
49660 - Youngstown-Warren-Boardman, OH-PA
Combined Statistical Area info
566 - Youngstown-Warren, OH-PA
Metropolitan Division info
Not located in an MD.
Located In info
Low- or Moderate-Income Census Tract info
Opportunity Zone info
Majority Minority Census Tract info 41.64%
FFIEC Designated Distressed Census Tract info
FFIEC Underserved Census Tract info

Market Data

Census Tract County
9319.00 Trumbull County
Population
Total Population 6,001 201,749
Total Households 2,493 85,042
Income
Median Family Income (Census*) $62,740 $53,537
Median Family Income (2023 FFIEC est.) $77,100 $77,100
Tract Income Percentage 99.24% N/A
Below Poverty Level 32.2% 17.1%
Unemployment Level 3.1% 4.8%
Housing
Total Housing Units 2,779 94,575
Total Owner-Occupied Units 45.8% 71.7%
Total Renter-Occupied Units 43.9% 28.3%
Total Vacant Units 10.3% 7.5%
* Census tract income based on 2020 American Community Survey data as reported in the 2023 FFIEC Census Flat File; County income based on 2022 American Community Survey data.
View more than 200 performance context data points for this county now.

Management

4
Total Voting Members
in Governing Body info
4
Independent Voting Members
in Governing Body info
Tax Filing Signatory info
James Converse
(330) 759-3668
Principal Officer info
James Converse
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 Whistleblower 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
Organization Activities info
Provides Credit Counseling
Conducts Gaming Activities
Engages in Lobbying Activities
Engages in Political Activities
Makes Grants to Individuals
Makes Grants to Organizations

Information in this section is extracted from the nonprofit's e-filed tax return and based on answers provided by the nonprofit in their 990 e-filed for the tax period ending on 2018-12.

A hyphen (“-“) in this section indicates that the information was not required by the IRS or not reported by the nonprofit in its tax return e-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 help.findcra.com.