People Trust

Providing A Financial Solution through Community Development

aka People Trust Community Loan Fund   |   LITTLE ROCK, AR   |  peopletrustloans.org

Mission

PEOPLE TRUST’s primary purpose is to promote community development by providing financial support and literacy for communities that would otherwise not receive said opportunities. People Trust pledges to challenge what has become tradition in today’s fluctuating socio-economical system. The Goal is to be a resource while creating avenues for elevated financial stability for low income and minority people. We stimulate and motivate an untapped sector of the economy to positively impact the communities in which they dwell.

Ruling year info

2010

CEO/Founder

Mr. Arlo D Washington

Main address

5300 W 65TH ST

LITTLE ROCK, AR 72209 USA

Show more contact info

EIN

26-2497096

NTEE code info

Community Improvement, Capacity Building N.E.C. (S99)

Economic Development (S30)

Community, Neighborhood Development, Improvement (S20)

IRS filing requirement

This organization is required to file an IRS Form 990 or 990-EZ.

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Communication

Programs and results

What we aim to solve

SOURCE: Self-reported by organization

A Multi-level study was done by a scientific research group on November 28, 2018 titled: Neighborhoods and Violent Crime: It stated that Concentrated disadvantage was strongly positively related to homicide and violent crimes. What happens within neighborhoods is in part shaped by socioeconomic and housing factors that are linked to the wider political economy. There was another article published by the Arkansas Times Titled: “The roots of Little Rock’s segregated neighborhoods” the question that stems from that title is, “How did the city, 60 years after the 1954 Brown v. Board of Education school desegregation decision, and 50 years after the Civil Rights Act of 1964, end up so divided?” Residential segregation has now replaced Jim Crow segregation laws as the main instrument of racial division in the city in the 21st century. A 1964 report by the Greater Little Rock Conference on Religion and Race titled, "Confronting the Little Rock Housing Problem: An Alarming Trend," noted that

Our programs

SOURCE: Self-reported by organization

What are the organization's current programs, how do they measure success, and who do the programs serve?

Access To Financial Education Initiative

PEOPLE TRUST is a certified 501(c)3 – Community Development Financial Institution (CDFI) headquartered in Little Rock, Arkansas and our primary purpose is to promote community development by providing financial support and literacy for communities that would otherwise not receive said opportunities. People Trust pledges to challenge what has become tradition in today’s fluctuating socio-economical system. The Goal is to be a resource while creating avenues for elevated financial stability for low-moderate income and women - owned minority people. We stimulate and motivate an untapped sector of the economy to positively impact the communities in which they dwell. We are supporting impoverished families and children in underserved communities by offering them access to financial education and access to affordable capital. We are a local organization who is making a difference in the disadvantaged communities of Pulaski and Saline counties in Arkansas. Our appropriately skilled staff are putting their skills to use to affect change. The Access to Financial Education Program is PEOPLE TRUST’s way of moving families from poverty to sustainability.

Population(s) Served
Economically disadvantaged people
Ethnic and racial groups

Technical assistance is non-financial assistance provided by local or international specialists. It can take the form of sharing information and expertise, instruction, skills training, transmission of working knowledge, and consulting services and may also involve the transfer of technical data.

Population(s) Served
Ethnic and racial groups
Economically disadvantaged people

A Consumer Loan is a secured or unsecured loan given to customers for personal, family, or household purposes, or for consumable items such as a car, boat, manufactured home, home equity loan, home equity line of credit, consumer line of credit, or recreational vehicle. It is usually given on the basis of the borrower's integrity and ability to pay.

Population(s) Served
Economically disadvantaged people
Ethnic and racial groups

A Small Business Loan is a form of debt financing used by small businesses and startups to fund their operations. Small business loans are a critical source of funding, and without them, many businesses would cease to exist.
​Small business owners in low- and moderate-income areas receive disproportionately fewer bank loans than small businesses in more affluent areas.
This lack of access to capital compromises a crucial source of economic opportunity and asset-building within lower income neighborhoods. Bank loans to businesses are necessary for community development because businesses without adequate access to capital fail to grow, cannot hire workers, and cannot make the kinds of investment often required of entrepreneurs.

Population(s) Served
Ethnic and racial groups
Economically disadvantaged people

Where we work

Goals & Strategy

SOURCE: Self-reported by organization

Learn about the organization's key goals, strategies, capabilities, and progress.

Charting impact

Four powerful questions that require reflection about what really matters - results.

Provide Access to Capital
Provide Access to Financial Education
Level the Playing Field of Economics in Low to moderate income communities
Connect sources of capital to users of capital
Provide Technical Assistance to Small Businesses

Technology Platforms that will engage the communities

Community Development Financial Institution Certified
* A strong appropriately skilled board
* A strong appropriately skilled management team and staff
* An appropriately volunteered Loan and Risk Management Committee
* Strong internal systems and processes (underwriting, servicing, portfolio management, and risk mitigation)
* Strong deal flow/pipeline/ market presence and can better connect capital to the target customers better than others.
In closing, People Trust Community Loan Fund will regain the Trust, provide Access to Capital, build equity, and create economic inclusion that in turn will give hope and reduce the stresses that disadvantaged communities face. This will also reduce crime rates leaving us with safe and vibrant communities in Little Rock.

In 2108 People Trust was Awarded by the CDFI Fund to Pilot innovative strategies to better serve its Target Market.

Financials

People Trust
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Operations

The people, governance practices, and partners that make the organization tick.

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Connect with nonprofit leaders

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  • Analyze a variety of pre-calculated financial metrics
  • Access beautifully interactive analysis and comparison tools
  • Compare nonprofit financials to similar organizations

Want to see how you can enhance your nonprofit research and unlock more insights? Learn More about GuideStar Pro.

People Trust

Board of directors
as of 11/21/2022
SOURCE: Self-reported by organization
Board co-chair

Demond Hervey

People Trust

Term: 2016 - 2019


Board co-chair

Freddie Ratliff

People Trust

Term: 2016 - 2019

Ron Marshall

Clergy

Organizational demographics

SOURCE: Self-reported; last updated 3/22/2021

Who works and leads organizations that serve our diverse communities? GuideStar partnered on this section with CHANGE Philanthropy and Equity in the Center.

Leadership

The organization's leader identifies as:

Race & ethnicity
Black/African American/African
Gender identity
Male, Not transgender (cisgender)
Sexual orientation
Heterosexual or Straight
Disability status
Person without a disability

Race & ethnicity

No data

Gender identity

No data

 

No data

Sexual orientation

No data

Disability

No data