Accessity

Where access to capital and community meet.

San Diego, CA   |  https://www.accessity.org/

Mission

Accessity’s mission is to open doors of financial opportunity to those historically with less access to capital and business support: entrepreneurs of color, women, immigrant, and low-to-moderate income entrepreneurs, so they can build a prosperous business and livelihood for themselves and their families, while also strengthening our communities.

Ruling year info

1996

CEO

Mrs. Elizabeth Schott

Main address

404 Euclid Avenue Ste 271

San Diego, CA 92114 USA

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EIN

33-0620415

NTEE code info

Management Services for Small Business/Entrepreneurs (S43)

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

Many in Southern CA still live in poverty. For small business owners, this means there is less income available to invest in a business and many are unable to build wealth and financial assets. A small business venture gives owners the opportunity to increase their financial security, boost their income and add flexibility to their work schedule. Accessity's transformational approach to helping small businesses creates positive social and economic change. In addition, without access to capital from banks, an increasing number of small businesses are turning to online marketplace lenders. Many who have borrowed from online lenders report to Accessity that confusing fees and rates led to high monthly payments and predatory debt cycles. Borrowers may lack financial literacy needed for success, and Accessity's program directly serves those negatively impacted by predatory financing products.

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?

Microlending Program

Accessity provides business support and microloans ranging from $300 to $100,000 to startup and existing business owners in Southern California (San Diego, Imperial, San Bernardino, and Riverside counties).

Population(s) Served
Adults
Ethnic and racial groups
Low-income people
Immigrants
Self-employed people

Where we work

Accreditations

Community Development Financial Institutions Fund of the U.S. Department of the Treasury - Community Development Entity Certification (Annual) 2014

Awards

Four Star Rating 2013

Charity Navigator

"Dealmaker of the Year" Award 2013

Point Loma Nazarene University

2013 Financial Services Champion of the Year Award 2013

Small Business Association

Problem Solver Award 2013

San Diego Entrepreneur Day

Advance! San Diego Fast Pitch Third Place Winner 2012

Social Venture Partners

Top 10 Microfinance Companies 2011

CNN Money

Outstanding Performance in Community Development Lending Award 2010

CA Economic Development Lending Initiative and CA Resources and Training

President's Small Business Award 2010

Urban League of San Diego

Elizabeth Schott - Financial Services Champion 2016

SBA

Our results

SOURCE: Self-reported by organization

How does this organization measure their results? It's a hard question but an important one.

Total dollar amount of loans issued

This metric is no longer tracked.
Totals By Year
Population(s) Served

Adults, Ethnic and racial groups, Economically disadvantaged people

Related Program

Microlending Program

Type of Metric

Output - describing our activities and reach

Direction of Success

Increasing

Number of jobs created and maintained

This metric is no longer tracked.
Totals By Year
Population(s) Served

Adults, Ethnic and racial groups, Economically disadvantaged people

Related Program

Microlending Program

Type of Metric

Output - describing our activities and reach

Direction of Success

Increasing

Our Sustainable Development Goals

SOURCE: Self-reported by organization

Learn more about Sustainable Development Goals.

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.

Accessity has goals to continue as the leading mission-based lender in Southern California, improving its efficiency to increase the number of small business owners served with direct financing and business training. In addition, the organization's goals include increased work to track impact statistics, increasing efficiency through technology platforms, diversifying products to serve niche entrepreneurial markets, increasing grassroots marketing to underserved small business owners, and offering in-depth technical assistance to borrowers through unique partnerships.

Overall, Accessity seeks to attract and garner support for its programs by generating more public awareness surrounding local microfinance activities, while boosting donor confidence as the program expands to serve additional community members.

Accessing capital is one of the biggest obstacles faced by small business owners. Capital may be out of reach due to lack of or damaged credit histories, limited financial literacy, short operating histories, and language and cultural barriers. These issues can often be related to or compounded by the income level, ethnicity, race, and/or gender of the business owner, as these factors have historically been linked to lower rates of approval by traditional lenders. Accessity aims to address these gaps in access, and 89% of our active clients are low- to moderate-income, minority, or female business owners.

Accessity's program works with borrowers to deliver individualized creative solutions tailored to their needs and offers one-on-one assistance services to improve financial health and business acumen. With loans ranging from $300 to $100,000, Accessity provides business owners access to flexible loans to start or expand a business that is underserved by the traditional lending market.

Accessity has found that the most effective way to help borrowers develop their business skills, while mitigating losses, is to offer individualized training on an as-needed basis by our staff or partner organizations. Staff assesses the needs of each borrower and appropriately matches them with an opportunity to increase their knowledge. Accessity partners directly with the Small Business Development Centers (SBDCs) and SCORE to connect small businesses with additional mentoring and coaching.

Our staff of 30 come from a diverse set of populations, therefore adding to the understanding of local community needs. Accessity's leadership team has over 80 years of aggregate relevant experience. Accessity’s CEO, Elizabeth Schott, who has been with Accessity since 2004, has 20 years of experience managing and executing on strategies for small businesses and nonprofits to meet their goals. Javier Islas has been with Accessity since 2010 as CFO, and oversees the finance and accounting of the organization. Director of Strategic Initiatives Valery Belloso has been with Accessity since 2006 and is an expert in lending, education, and business development. She is responsible for Accessity’s key partnerships, business development strategy, and strategic projects. Accessity's Chief Credit & Operating Officer Robert Lopez re-joined Accessity in July 2018 after previously working for the organization from 2008 to 2014 and is responsible for lending staff supervision and training, program development, underwriting, loan portfolio quality, compliance management, loss mitigation and recovery, and operational efficiency.

Since its inception in 1994, Accessity has disbursed more than $52 million through over 5,000 loans so that small businesses can start, maintain, and grow operations. To continue to serve more of Southern California's entrepreneurs, the organization developed a strategic set of directions focused on efficient growth to meet the continued demand for service. Accessity serves a four-county, Southern California region of San Diego, Riverside, San Bernardino, and Imperial counties. Accessity has identified a pressing need for services in these regions and will address this critical need by offering loans from $300 to $100,000 and business training for entrepreneurs. Through access to capital and ongoing education, business owners have the chance to build credit, boost household income and make lasting economic contributions to their communities.

Financials

Accessity
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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

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Accessity

Board of directors
as of 4/30/2021
SOURCE: Self-reported by organization
Board chair

Gordon Boerner

U.S. Bank

Term: 2019 - 2022

Gordon Boerner

U.S. Bank

Sean Carpenter

William Lynch

The William D. Lynch Foundation

Mark Emch

Stacey Kartchner

Law Office of Stacey A. Kartchner

Gene Louie

Joon Han

Better San Diego

Stephen Friedman

Pacific Premier Bank

Victor Nava

San Diego State University, Imperial Valley

Maria Kunac

Silvergate Bank

Alex Rodriguez

First Choice Bank

Victor Vilaplana

Foley & Lardner LLP

Lydia Huard

Wells Fargo Home Mortgage

Chikako Tyler

California & Bank Trust

Reginald White

Comerica Bank

Board leadership practices

SOURCE: Self-reported by organization

GuideStar worked with BoardSource, the national leader in nonprofit board leadership and governance, to create this section.

  • Board orientation and education
    Does the board conduct a formal orientation for new board members and require all board members to sign a written agreement regarding their roles, responsibilities, and expectations? Yes
  • CEO oversight
    Has the board conducted a formal, written assessment of the chief executive within the past year ? Yes
  • Ethics and transparency
    Have the board and senior staff reviewed the conflict-of-interest policy and completed and signed disclosure statements in the past year? Yes
  • Board composition
    Does the board ensure an inclusive board member recruitment process that results in diversity of thought and leadership? Yes
  • Board performance
    Has the board conducted a formal, written self-assessment of its performance within the past three years? Yes

Organizational demographics

SOURCE: Self-reported; last updated 03/31/2021

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
White/Caucasian/European
Gender identity
Female

Race & ethnicity

Gender identity

 

Sexual orientation

No data

Disability

No data