CAPITAL IMPACT PARTNERS

EIN: 521290127 501(c)(3) Public & Societal Benefit

ARLINGTON, VA

Total Revenue
$115,553,223
Total Expenses
$85,546,462
Total Assets
$806,983,425
Net Assets
$179,107,167
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Financial Trends

Organization Details

Formation Year
1982
Legal Domicile
DC
Principal Officer
NATALIE GUNN
Phone
7036472300
Tax Period
2024-01-01 to 2024-12-31

CAPITAL IMPACT PARTNERS, founded in 1982, is a major nonprofit in the Public & Societal Benefit sector that reported $115.6M in total revenue in fiscal year 2024. Revenue surged 66% from the prior year, signaling strong growth momentum. The organization ran a surplus of $30.0M, a strong 26% operating margin.

Mission

THROUGH CAPITAL AND COMMITMENT, CAPITAL IMPACT PARTNERS HELPS BUILD (PLEASE GO TO SCHEDULE O) INCLUSIVE AND EQUITABLE COMMUNITIES BY PROVIDING PEOPLE ACCESS TO THE CAPITAL AND OPPORTUNITIES THEY DESERVE.

Program Service Accomplishments

Program 1
Expenses: $51,858,746 Revenue: $11,280,478

GENERAL LOAN PROGRAM:CAPITAL IMPACT PARTNERS PROVIDES LOANS AND FINANCIAL SERVICES TO SMALL BUSINESS OWNERS, DEVELOPERS, AND OTHER LOCAL LEADERS WHO ARE THE ENGINES OF JOB CREATION AND ECONOMIC...

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GENERAL LOAN PROGRAM:CAPITAL IMPACT PARTNERS PROVIDES LOANS AND FINANCIAL SERVICES TO SMALL BUSINESS OWNERS, DEVELOPERS, AND OTHER LOCAL LEADERS WHO ARE THE ENGINES OF JOB CREATION AND ECONOMIC ACTIVITY IN UNDERFUNDED COMMUNITIES ACROSS THE COUNTRY. WHEN THESE LEADERS HAVE THE OPPORTUNITY TO SUCCEED, THEIR COMMUNITIES, THEIR RESIDENTS AND OUR COUNTRY THRIVE.

Program 2
Expenses: $6,107,119

GROWING HOUSING DEVELOPERS PROGRAM:ACTING AS THE LEAD CDFI, CAPITAL IMPACT PARTNERS, ALONG WITH THE LOW INCOME INVESTMENT FUND AND REINVESTMENT FUND, WAS AWARDED $30 MILLION BY WELLS FARGO IN 2021 AS...

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GROWING HOUSING DEVELOPERS PROGRAM:ACTING AS THE LEAD CDFI, CAPITAL IMPACT PARTNERS, ALONG WITH THE LOW INCOME INVESTMENT FUND AND REINVESTMENT FUND, WAS AWARDED $30 MILLION BY WELLS FARGO IN 2021 AS PART OF THEIR GROWING HOUSING DEVELOPERS INITIATIVE. THE PROGRAM KICKED OFF IN MAY OF 2022, WITH THE GOAL TO INCREASE THE SUPPLY OF HOMES THAT ARE AFFORDABLE AND TO SUPPORT THE SUSTAINED GROWTH AND FINANCIAL INDEPENDENCE OF EXPERIENCED BUT UNDERFUNDED AFFORDABLE HOUSING DEVELOPMENT FIRMS, COMMUNITY-CENTRIC BUT UNDERFUNDED DEVELOPMENT FIRMS. OVER THE COURSE OF THE 4 YEAR PROGRAM, 27 PARTICIPANTS FROM 6 CORE GEOGRAPHIES (NY, NJ/PA, DMV, GA, TX & CA), RECEIVE MONTHLY LEARNING SESSIONS, ACCESS TO ADVISORS, FLEXIBLE CAPITAL, AND INCREASED ACCESS TO INDUSTRY CONNECTIONS AND RESOURCES. THESE PROGRAM SUPPORTS ARE DESIGNED TO HELP EXPERIENCED DEVELOPMENT FIRMS GROW THEIR CAPACITY AND EXPAND THEIR AFFORDABLE HOUSING PRODUCTION INTO THE FUTURE. TO DATE, THE PROGRAM HAS DEPLOYED $15 MILLION IN ENTERPRISE-LEVEL GRANTS, AND THE CDFI PARTNERS HAVE COLLECTIVELY CLOSED MORE THAN $125 MILLION IN PROJECT FINANCING TO PARTICIPANTS.

Program 3
Expenses: $2,117,551

EDIEDI COMBINES CAPITAL IMPACT PARTNER'S ROLE AS A PROVIDER OF CATALYTIC CAPITAL AND ITS DEVELOPMENT EXPERTISE INTO A PROGRAM THAT SUPPORTS UNDERFUNDED LOCAL DEVELOPERS WITH FORMALIZED TECHNICAL...

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EDIEDI COMBINES CAPITAL IMPACT PARTNER'S ROLE AS A PROVIDER OF CATALYTIC CAPITAL AND ITS DEVELOPMENT EXPERTISE INTO A PROGRAM THAT SUPPORTS UNDERFUNDED LOCAL DEVELOPERS WITH FORMALIZED TECHNICAL ASSISTANCE AND DEVELOPMENT FINANCING. THE PROGRAM AIMS TO BUILD THE SKILLS OF EMERGING UNDERFUNDED DEVELOPERS AND STRENGTHEN THEIR BUSINESSES. AS OF YEAR END 2024, THE DETROIT PROGRAM HAS GRADUATED 117 PARTICIPANTS AND THE DMV PROGRAM SERVES 69 PROGRAM GRADUATES. AS OF YEAR END 2024, EDI COHORTS IN ATLANTA, CLEVELAND, DALLAS, AUSTIN, AND THE SAN FRANCISCO BAY AREA HAVE SERVED OVER 300 DEVELOPERS NATIONALLY.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $62,822,570
Program Service Revenue $46,904,659
Investment Income $5,134,436
Other Revenue $691,558
TOTAL REVENUE $115,553,223

Expense Breakdown

Grants Paid $7,158,649
Salaries & Benefits $31,515,157
Fundraising Expenses $2,963,966
Program Expenses $65,235,862
Other Expenses $46,872,656
TOTAL EXPENSES $85,546,462

Year-over-Year Comparison

2024 2023 Change
Revenue $115,553,223 $69,443,542 +0.7%
Expenses $85,546,462 $73,642,594 +0.2%
Net Income $30,006,761 $-4,199,052 -8.1%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
17
Independent Members
16
Employees
189
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
7
$3,588,605
Total Directors
17
$1,131,228
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ELLIS CARR PRESIDENT & CEO 20.00
Officer Director
$1,029,249 $35,104 $1,064,353
ALAINA BEVERLY DIRECTOR 1.00
Director
$5,000 $0 $5,000
OSWALDO ACOSTA DIRECTOR 1.00
Director
$5,000 $0 $5,000
RICK BENITO DIRECTOR 1.00
Director
$3,750 $0 $3,750
ERIK CALDWELL DIRECTOR 1.00
Director
$3,750 $0 $3,750
SHERYL CAMERON DIRECTOR 1.00
Director
$0 $0 $0
KURT CHILCOTT DIRECTOR/CONSULTANT 1.00
Director
$5,000 $0 $5,000
GRACE CHIONUMA DIRECTOR 1.00
Director
$0 $0 $0
GARY CUNNINGHAM DIRECTOR 1.00
Director
$5,625 $0 $5,625
JENNIFER SMITH DOLIN DIRECTOR 1.00
Director
$5,000 $0 $5,000
CASEY FANNON DIRECTOR 1.00
Director
$5,000 $0 $5,000
PEDRO GOITIA DIRECTOR 1.00
Director
$5,000 $0 $5,000
GAIL MARKULIN DIRECTOR 1.00
Director
$3,750 $0 $3,750
TYLER ORION DIRECTOR 1.00
Director
$5,000 $0 $5,000
FRANK ROBINSON DIRECTOR 1.00
Director
$5,000 $0 $5,000
TOM TOPUZES DIRECTOR 1.00
Director
$5,000 $0 $5,000
DAN VARNER DIRECTOR 1.00
Director
$5,000 $0 $5,000
NATALIE GUNN CHIEF FINANCIAL OFFICER 20.00
Officer
$451,758 $67,112 $518,870
KARLA GILL CHIEF TECHNOLOGY OFFICER 20.00
Officer
$406,811 $39,033 $445,844
BRIAN MCEVOY GENERAL COUNSEL 20.00
Officer
$379,015 $58,530 $437,545
MATTHEW WEHLAND CHIEF OPERATING OFFICER 20.00
Officer
$352,981 $38,662 $391,643
JARET DINARD INGS SENIOR DIRECTOR OF FINANCE 20.00
Officer
$321,499 $56,010 $377,509
KIM DORSETT CHIEF HUMAN RESOURCE'S OFF 20.00
Officer
$310,043 $42,798 $352,841
MALINDA CHRISTENSEN SVP, COMMUNITY DEVELOPMENT 40.00
Highest
$314,352 $40,706 $355,058
LAUREN COUNTS SR DIR, HEAD OF NATIONAL P 40.00
Highest
$286,441 $27,019 $313,460
LISA GRAMMER CONTROLLER 40.00
Highest
$286,563 $56,219 $342,782
YRENLISA LOPEZ MANAGING DIRECTOR, INVESTMENTS 40.00
Highest
$281,616 $47,249 $328,865
MASOUDA OMAR HEAD OF SMALL BUS & COMM D 40.00
Highest
$276,549 $49,985 $326,534
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $115,553,223 $85,546,462 $806,983,425 $30,006,761
2023 $69,443,542 $73,642,594 $691,780,333 $-4,199,052
2022 $62,753,327 $58,408,239 $583,801,509 $4,345,088
2021 $55,782,044 $40,630,316 $600,473,548 $15,151,728
2020 $55,060,420 $38,351,055 $609,347,116 $16,709,365
2019 $33,670,577 $35,434,432 $595,737,995 $-1,763,855
2018 $44,454,555 $31,964,879 $532,644,184 $12,489,676
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