People Trust
Providing A Financial Solution through Community Development
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
2010
CEO/Founder
Mr. Arlo D Washington
Main address
5300 W 65TH ST
LITTLE ROCK, AR 72209 USA
EIN
26-2497096
NTEE code
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
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
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.
Technical Assistance to Small Businesses
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.
Consumer Loan Program
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.
Small Business Loan Program
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.
Where we work
Goals & Strategy
Reports and documents
Download strategic planLearn about the organization's key goals, strategies, capabilities, and progress.
Charting impact
Four powerful questions that require reflection about what really matters - results.
What is the organization aiming to accomplish?
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
What are the organization's key strategies for making this happen?
Technology Platforms that will engage the communities
What are the organization's capabilities for doing this?
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.
What have they accomplished so far and what's next?
In 2108 People Trust was Awarded by the CDFI Fund to Pilot innovative strategies to better serve its Target Market.
Financials
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Operations
The people, governance practices, and partners that make the organization tick.
Connect with nonprofit leaders
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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
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People Trust
Board of directorsas of 11/21/2022
Demond Hervey
People Trust
Term: 2016 - 2019
Freddie Ratliff
People Trust
Term: 2016 - 2019
Ron Marshall
Clergy
Organizational demographics
Who works and leads organizations that serve our diverse communities? Candid partnered with CHANGE Philanthropy on this demographic section.
Leadership
The organization's leader identifies as:
Race & ethnicity
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Gender identity
No data
Transgender Identity
No data
Sexual orientation
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Disability
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