PeopleFund

Inspire. Educate. Fund. Elevate

aka PeopleFund   |   Austin, TX   |  www.peoplefund.org

Mission

PeopleFund creates economic opportunity and financial stability for underserved people by providing access to capital, education and resources to build healthy small businesses.

Ruling year info

1997

President & CEO

Gustavo Lasala

Main address

2921 E. 17th Street Bldg. D Suite 1

Austin, TX 78702 USA

Show more contact info

Formerly known as

Austin CDC

EIN

74-2814572

NTEE code info

Economic Development (S30)

Financial Institutions/Services (Non-Government Related) (W60)

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

Blog

Programs and results

What we aim to solve

SOURCE: Self-reported by organization

Texas is a state of enormous extremes. The two fastest growing cities in the United States are Dallas, growing at a rate of 345 new residents daily, and Austin growing at a rate of 158 new residents daily. By all measures, Texas has a robust economy. Yet, on the other end of the spectrum, Texas is also home to 1.4 million undocumented immigrants, 16,606 homeless veterans, and 314,079 high school dropouts. As Texas develops, poverty rates and unemployment for women and minorities continue to rise as small businesses fight to keep pace with the city's rising costs. Currently, more than 83,300 small businesses (99.88% of all businesses) open their doors in Travis County, and an additional 1.16 million in Dallas and Houston. These entrepreneurs desperately need loan capital and business education to survive. PeopleFund is committed to elevating the underserved with the capital and education to make nonprofits, small businesses, and start-ups flourish.

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?

Small Business and Nonprofit Lending

PeopleFund supports small businesses, start up ventures, and nonprofit organizations with capital necessary to survive, grow, and flourish. Special considerations are made for job creation, community impact, environmental impact, and type of ownership.

Population(s) Served
Adults
Economically disadvantaged people

PeopleStart supports small business owners and entrepreneurs with fewer than 2 years experience in running a businesses. Generally small businesses face the most obstacles during the start up phase of operation, and this program seeks to guide them through the initial phases of growing a business

Population(s) Served
Adults
Economically disadvantaged people

PeopleTalk is an entrepreneur education series designed to educate and inspire small business owners and those considering creating their own venture. Successful entrepreneurs share their experiences and provide testimony for the audience

Population(s) Served
Adults
Economically disadvantaged people

PeopleSpring is a one-day networking, leadership, and women’s luncheon event, designed to help women meet fellow female entrepreneurs. Our PeopleSpring program is an interactive lunch and learn opportunity to meet, mingle, and marry business ideas with fellow women entrepreneurs.

Population(s) Served
Women and girls
Adults

Where we work

Accreditations

Community Development Financial Institutions Fund of the United States Department of the Treasury 2003

Awards

2012 Outstanding Lender 2012

Dallas Small Business Development Corporation

2011 Finalist - Innovative Practices and Nonprofit 2011

Austin Chamber of Commerce

2010 Nonprofit Innovation Award 2010

Greenlights for Nonprofit Success

SBA 7A Community Advantage and Microlender 2012

Small Business Administration

Entrepreneur of the Year 2004

Ernst & Young

Austinite of the Year 2003

Austin Chamber of Commerce

Best Loan Arrangers 2009

Austin Chronicle

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.

Our goal is to become the premier lender in Texas and follow our values of integrity, service, and respect to support our clients. We seek to create innovative financial and business education programs that are delivered free of charge in a comfortable and judgement-free zone. We provide the lowest rates and fees of any community lender in the state, offering affordable small business loans that empower communities, create jobs, and drive economic development. We want to create responsible programs and services that cater to the needs of women, veterans, minorities, and low income entrepreneurs in rural and urban communities across Texas. We want to leverage financial and human capital to create social and economic justice for populations disenfranchised by a restrictive banking system and elevate Texans so they can build wealth and work for themselves.

PeopleFund implemented a statewide expansion plan in 2010 under new leadership, professionalized the staff and implemented new infrastructure systems and operations to grow our programs and services. Under experienced leadership, the staff expanded programs and services, catering to the specific needs of our clients based on industry, geography, background, and business expertise. PeopleFund has since opened offices in Dallas, El Paso, Fort Worth, Houston, Laredo, the Rio Grande Valley, San Antonio, and is moving into rural areas. We've created a national veteran collaborative so community lenders like us can learn from one another and serve veterans better. We've created safe spaces for women to work and grow professionally, and we've expanded our lending and education teams so we can provide dedicated attention to each person who walks through our doors. We've built a diverse and inclusive staff, board, and volunteer base committed to our mission and passionate about driving our goals forward.

Forging strategic partnerships, professional and experienced staff, reliable and secure infrastructure and operational procedures, multiple offices designed to reduce burdens of travel on clients, inclusion of technology and online resources, passionate team with community development focus, support from funders, partners, and volunteers.

Entering our 25th year, PeopleFund has program metrics we can be proud of. We've created 1,631 child care slots so parents can have affordable childcare as they return to the workforce, delivered 96,000 of free financial education and technical assistance, created 5,678 jobs, lent $75 million to underserved Texans, renovated or rehabilitated 516,000 sq.ft. of property, and funded 1,312 small businesses with capital to grow.

Financials

PeopleFund
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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.

PeopleFund

Board of directors
as of 6/9/2021
SOURCE: Self-reported by organization
Board chair

Ms. Yolanda Davila

BBVA Compass

Term: 2019 -

Donna Normandin

Frost Bank

Nina Nelms

Bank of America

Eric Bustos

Capital Metro Transportation Authority

Brian Hall

Traverse Legal PLC

Mike Perrine

Baker Tilly Capital LLC

Larry Conley

Former VP, J.P. Morgan Chase

Yoly Davila

BBVA

Cecilia Castelo

Woodforest National Bank

Anna Sanchez

Wells Fargo

Larry Miller

L. Miller & Associates

Gustavo Lasala

PeopleFund

Luther Branham

Fiserv

Jack Nelson

Skimmer, Inc.

John Burer

Regions Bank

Organizational demographics

SOURCE: Self-reported; last updated 6/9/2021,

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
Hispanic/Latino/Latina/Latinx
Gender identity
Male, Not transgender (cisgender)

Race & ethnicity

No data

Gender identity

 

Sexual orientation

No data

Disability

No data