Poverty Solutions, Inc.
Torrance, CA Doing business as Poverty Solutions Inc.
- UEI
- TD49KCPR2MA8
- CAGE
- 5ZPZ5
- Primary NAICS
- 522292 Real Estate Credit
- SAM.gov registration
- Active through
Company facts
- Self-certified in SAM.gov
- Entity structure
- Corporate Entity (Tax Exempt)
- NAICS codes registered in SAM.gov
-
- 522292 Real Estate Credit Primary
- 424480 Fresh Fruit and Vegetable Merchant Wholesalers
- 541611 Administrative Management and General Management Consulting Services
- 561311 Employment Placement Agencies
- 561320 Temporary Help Services
- 611710 Educational Support Services
- 624229 Other Community Housing Services
- 624310 Vocational Rehabilitation Services
- SAM.gov registration date
- Physical address
- 370 Amapola Ave #200a, Torrance, CA 90501, USA
- Website
- povsol.com
- Employees
- 1-10
- Estimated annual revenue
- $0-$1M
- Industry
-
- Consumer Discretionary
- Diversified Consumer Services
- Family Services
- SIC code
- 83 Social Services
- Profiles
Registration and certifications come from SAM.gov and the SBA; company details from public web sources. Updated .
Recent federal awards
| Award | Agency | Obligated | Awarded |
|---|---|---|---|
| Purpose: to provide grants to community development financial institutions (cdfis) for the following purposes 1) to… | Community Development Financial Institutions Fund | $3,524,165 | |
| Purpose: to promote economic revitalization and community development through investment in and financial assistance… | Community Development Financial Institutions Fund | $590,000 | |
| Cdfi rapid response program award | Community Development Financial Institutions Fund | $1,826,265 | |
| Capital magnet fund award | Community Development Financial Institutions Fund | $2,250,000 | |
| Community economic development healthy food financing initiative projects | Administration for Children and Families | $800,000 |
About Poverty Solutions, Inc.
Poverty Solutions, Inc. is a minority-owned, nonprofit community development corporation that provides a range of anti-poverty programs and services, including financing, financial education, employment training, affordable housing, and health services. Through federal grants, Poverty Solutions supports community development and expanded access to capital in underserved areas across the United States.
Past federal awards to Poverty Solutions, Inc. include a $3.5 million Project Grant from the Department of the Treasury's Community Development Financial Institutions Fund Equitable Recovery Program to expand lending, investments, services, and build organizational capacity in communities disproportionately impacted by COVID-19 through 2028. The organization also received a $590,000 Financial Assistance award from the CDFI Fund in 2021 to increase lending and financial services for low-income individuals and communities lacking affordable options, as well as a $1.8 million CDFI Rapid Response Program grant to prepare for and respond to pandemic-related needs. Additionally, Poverty Solutions was awarded $2.25 million from the Treasury's Capital Magnet Fund in 2019 for community development finance activities. Based on available information, Poverty Solutions, Inc. has not received any subawards and serves as the prime recipient on all listed federal grants supporting its work as a Community Development Financial Institution.
Quick answers
What is Poverty Solutions, Inc.'s UEI?
Poverty Solutions, Inc.'s Unique Entity ID (UEI) in SAM.gov is TD49KCPR2MA8.
What is Poverty Solutions, Inc.'s CAGE code?
Poverty Solutions, Inc.'s CAGE code is 5ZPZ5.
What is Poverty Solutions, Inc.'s primary NAICS code?
Poverty Solutions, Inc.'s primary NAICS code is 522292 (Real Estate Credit).
Where is Poverty Solutions, Inc. located?
Poverty Solutions, Inc.'s physical address in SAM.gov is 370 Amapola Ave #200a, Torrance, CA 90501, USA.
Is Poverty Solutions, Inc. registered in SAM.gov?
Yes. Poverty Solutions, Inc.'s SAM.gov registration is active through April 10, 2027.
What is Poverty Solutions, Inc.'s most recent federal award?
Poverty Solutions, Inc.'s most recent federal grant award is Purpose: to provide grants to community development financial institutions (cdfis) for the following purposes 1) to… (22ERP061521G), from Community Development Financial Institutions Fund, on April 10, 2023.
On GovTribe
See Poverty Solutions, Inc.'s full federal record
- Federal grant awards
- Funding analysis by agency, NAICS and set-aside
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