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- EIN 20-3317176
- (206) 615-3559
- Po Box 19028 Seattle WA 98109-1028 USA
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Nonprofit Overview
Causes: Community & Neighborhood Development, Economic Development
Mission: To serve or provide investment capital to low-income communities or low-income persons (as defined for the to serve or provide investment capital to low-income communities or low-income persons (as defined for the purposes of the new market tax credit program pursuant to section 45d of the internal revenue code of 1986, as amended (the "code")) by qualifying as a "qualified community development entity" as defined in section 45d of the code, and consistent with its mission. The purpose for which the corporation is formed are exclusively charitable, scientific, or educational within the meaning of section 501(c) (3) of the code.
Programs: The corporation was the recipient of an allocation of new markets tax credits as part of the new markets tax credit program, pursuant to section 45d of the internal revenue code of 1986, as amended (the "code"). The allocation was sub-allocated to a subsidiary community development entity, seattle community investments sub-cde i, llc, which in turn received qualified equity investments to make loans to qualified active low-income community businesses ("qalicbs "), as defined in the code. Five loans in total were made at interest rates below market interest rates. Recipients included neighborhood house high point qalicb, ywca greenbridge, llc and the young women's service association of seattle-king county all recipients qualified as qalicbs, as defined in the code proceeds of the loans are used to revitalize and benefit the low-income communities in which they operate.