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Corporacion Para El Financiamiento Empresarial Del Comercio Y De Las

EIN 66-0398333 · San Juan, PR

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthGood78 out of 100GovernanceStrong90 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

TO PROMOTE FACILITATE AND EXECUTE ECONOMIC DEVELOPMENT COMMUNITY REVITALIZATION LONG-TERM JOB CREATION AND RETENTION SELF-EMPLOYMENT BUSINESS AND CREDIT EDUCATION AND ENTREPRENEURSHIP THROUGH THE ESTABLISHMENT OR EXPANSION OF MICRO SMALL AND MEDIUM-SIZED ENTERPRISES.

Income
$1.7 million
Spending
$1.5 million
Spent on programs
99%
Reserves
10 months of spending
Largest source of income
fees for its services, 48%
Employees
18
Volunteers
0
Highest pay
$120,314, executive president

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Good: 78 out of 100. Higher than 57% of charities in its peer group (community improvement, $1m to $10m).

  • Reserves

    28 of 35

    Spendable reserves would cover 10.0 months of spending.

  • Debt

    5 of 20

    It owes 56% of what it owns.

  • Living within its means

    15 of 15

    Income exceeded spending by 12% of income.

  • Income trend

    15 of 15

    Income rose 21% on the year before.

  • Spending floor

    15 of 15

    99% of spending went to programs and raising each dollar of donations cost 0 cents.

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Strong: 90 out of 100. Higher than 51% of charities in its peer group (community improvement, $1m to $10m).

  • Independent board

    25 of 25

    12 of 12 voting board members are independent.

  • Conflict of interest policy

    15 of 15

    Has a written conflict of interest policy.

  • Whistleblower policy

    8 of 8

    Has a written whistleblower policy.

  • Record keeping policy

    7 of 7

    Has a written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    0 of 10

    Did not give the board a copy of this return before filing it.

  • Pay set independently

    5 of 5

    Sets its chief executive's pay through independent review and comparison.

  • Independent check of accounts

    15 of 15

    Its accounts were audited by an independent accountant.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (10)
  1. $342,457 spent. SBA MICROLOAN DEMONSTRATION PROGRAM - 11 NEW LOANS WERE CLOSED DURING THE YEAR TOTALING $406,157
  2. $415,637 spent. SBA 504 LOANS PROGRAM - 25 NEW LOANS WERE CLOSING DURING THE YEAR TOTALING $8,819,000
  3. $17,748 spent. COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION FUND - 5 NEW LOANS WERE CLOSED UNDER A NEW CDFI FUND; CDFI-ERP-80 20. TOTAL DISBURSED $59,200.00 LOANS + $14,800.00 GRANT
  4. $35,093 spent. RURAL DEVELOPMENT RBEG - A NEW LOAN WAS CLOSED TOTALING $46,000.00
  5. $49,744 spent. IRP PROGRAM - A NEW LOAN WAS CLOSED TOTALING $106,200.00
  6. $21,297 spent. DHHS - WOMEN ENTREPRENEURS LOAN FUND - ONE NEW LOAN WERE CLOSED TOTALING $12,061.50
  7. $217,883 spent. PUERTO RICO COMMUNITY FOUNDATION DORAL FUND - NO NEW LOAN WERE CLOSED DURING THE YEAR.
  8. $93,437 spent. COMMUNITY ADVANTAGE - NO NEW LOAN WERE CLOSED DURING THE YEAR.
  9. $65,487 spent. CDFI-ERP 80 20 - 2 NEW LOANS WERE CLOSED DURING THE YEAR TOTALING $24,000.00
  10. $225,131 spent. VETERAN BUSINESS OUTREACH CENTER VBOC - PROVIDE TRAINING AND COUNSELING TO VETERANS

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated September 30, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated September 10, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending June 2025.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since October 2003.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 7, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.