MOUNTAIN BIZCAPITAL INC | MOUNTAIN BIZWORKS

ASHEVILLE, NC | Buncombe County
Economic Development
MOUNTAIN BIZCAPITAL INC | MOUNTAIN BIZWORKS
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As of , this nonprofit no longer meets findCRA's qualification requirements and will no longer appear in CQ search results.

Reason for disqualification:

Overview

MOUNTAIN BIZCAPITAL INC | MOUNTAIN BIZWORKS
14-1864873
153 S LEXINGTON AVE
ASHEVILLE, NC 28801
Buncombe 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 Organization
  • CDFI Award Recipient
Founded info
Not reported
Total Employees info
Not reported
Total Volunteers info
Not reported
Nonprofit Classification (NTEE Code) info
T30

T - Philanthropy, Voluntarism, and Grantmaking

Public Foundations

Organizations, sometimes referred to as public charities, that derive their funding or support primarily from the general public in carrying out their social, educational, religious or other charitable activities serving the common welfare. Although public foundations may provide direct charitable services to the public as other nonprofits do, their primary focus is on grantmaking.

IRS Activity Codes info
-
Not reported
-
Not reported
-
Not reported
Standard Business Classification (NAICS Code) info
813211
Grantmaking Foundations

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
Date Certified info
9/17/2013
Native American CDFI info
N
Financial Institution Type info
Loan Fund
Community Development Financial Institution Award Recipient info
New Market Tax Credit Recipient info
YearAmountProgramAwardee Name
2016 $900,000 CDFI Financial Assistance open_in_new Mountain BizCapital, Inc. dba Mountain BizWorks
2020 $650,000 CDFI Financial Assistance open_in_new Mountain BizCapital, Inc. dba Mountain BizWorks
2021 $1,826,265 CDFI Rapid Response Program (COVID-19) open_in_new Mountain BizCapital, Inc. dba Mountain BizWorks

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
$6.4M
Revenue
$6.4M
Assets
$35.2M

IRS Business Master File Details info

As of August 2024
Exempt Ruling Date info
2003-08
Deductibility Status info
Deductible
Last Tax Filing info
2023
Organization Type info
Corporation
Organization Tax Filing Status info
990 (all other) or 990EZ return
Foundation Tax Filing Status info
990-PF not required by IRS
Affiliation Classification info
Independent Organization
Basis for Foundation/Public Charity Status info
Organization which receives a substantial part of its support from a governmental unit or the general public 170(b)(1)(A)(vi)

IRS Publication 78 Details info

As of August 2024
Verified in Publication 78 info
Yes
Deductibility Limitation info
50% (60% for cash contributions)
Organization Description info
A public charity

IRS Form 990 Returns info

Through August 2023
Tax period ending in
2022-12
XML
990
Tax period ending in
2021-12
E-File
990
XML
990
Tax period ending in
2020-12
PDF
990
E-File
990
XML
990
Tax period ending in
2019-12
PDF
990
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
E-File
990
XML
990

Nonprofit Location

Physical Address info
153 S LEXINGTON AVE
ASHEVILLE, NC 28801
Buncombe County
Area Type info
Metropolitan Statistical Area
FIPS Geocoded Address info
11700
MSA/MD info
37
State info
021
County info
0009.00
Tract info
Middle
Income Level info
Core-Based Statistical Area info
11700 - Asheville, NC
Combined Statistical Area info
120 - Asheville-Waynesville-Brevard, NC
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 48.68%
FFIEC Distressed Census Tract info
FFIEC Underserved Census Tract info

Market Data

Census Tract County
0009.00 Buncombe County
Population
Total Population 3,552 269,449
Total Households 1,321 102,921
Income
Median Income* $59,013 $66,531
Median Family Income (2024 FFIEC est.) $87,000 $87,000
Tract Income Percentage 81.94% N/A
Below Poverty Level 33.4% 11.2%
Unemployment Level 6.7% 3.6%
Housing
Total Housing Units 1,626 130,081
Total Owner-Occupied Units 31.7% 64.4%
Total Renter-Occupied Units 49.6% 35.6%
Total Vacant Units 18.8% 22.7%
* Census Tract Median Income based on 2020 Tract Median Family Income as reported in the 2024 FFIEC Census Flat File. County Income based on Median Household Income as reported in the 2022 American Community Survey.
View more than 200 performance context data points for this county now.

Management

12
Total Voting Members
in Governing Body info
12
Independent Voting Members
in Governing Body info
Tax Filing Signatory info
Matthew Raker
(828) 253-2834
Principal Officer info
Matthew Raker
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 2022-12.

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.