WASHINGTON, DC
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)CAPITAL AREA ASSET BUILDING CORPORATION, founded in 1996, is a community nonprofit in the Community Improvement sector that reported $2.2M in total revenue in fiscal year 2024. Revenue fell 27% from the prior year — a significant decline worth monitoring. Expenses of $3.4M exceeded revenue, resulting in a 58% operating deficit.
TO CREATE OPPORTUNITIES FOR LOW- AND MODERATE-INCOME INDIVIDUALS IN THE GREATER DC REGION TO BUILD FINANCIAL SECURITY, SAVINGS, AND WEALTH FOR THE FUTURE.
SAVINGS PROGRAMS - CAAB ENCOURAGES PEOPLE TO SAVE MONEY THROUGH ITS SAVINGS PROGRAMS. THESE PROGRAMS ARE OFFERED TO ELIGIBLE PARTICIPANTS WHO MEET PROGRAM GUIDELINES. THE PROGRAM IS A WAY FOR...
SAVINGS PROGRAMS - CAAB ENCOURAGES PEOPLE TO SAVE MONEY THROUGH ITS SAVINGS PROGRAMS. THESE PROGRAMS ARE OFFERED TO ELIGIBLE PARTICIPANTS WHO MEET PROGRAM GUIDELINES. THE PROGRAM IS A WAY FOR INDIVIDUALS TO SAVE MONEY AND INVEST IN THEIR FUTURE OR THE FUTURE OF THEIR FAMILY AND YOUTH. USE OF FUNDS CAN BE FOR HOME PURCHASE, SMALL BUSINESS, EDUCATION, AND CHILDREN SAVINGS ACCOUNTS AS WELL AS MEDICAL AND BURIAL EXPENSES.
FINANCIAL EDUCATION - CAAB PROVIDES CREDIT COUNSELING SESSIONS, AND SPONSORS SEMINARS AND WORKSHOPS ON A WIDE RANGE OF FINANCIAL TOPICS SUCH AS: SETTING FINANCIAL GOALS, DEVELOPING AND MANAGING A...
FINANCIAL EDUCATION - CAAB PROVIDES CREDIT COUNSELING SESSIONS, AND SPONSORS SEMINARS AND WORKSHOPS ON A WIDE RANGE OF FINANCIAL TOPICS SUCH AS: SETTING FINANCIAL GOALS, DEVELOPING AND MANAGING A SPENDING PLAN, CHOOSING FINANCIAL PRODUCTS AND SERVICES, UNDERSTANDING CREDIT, MANAGING DEBT, SAVING FOR COLLEGE, UNDERSTANDING THE BASICS OF INVESTING, AND SAVING FOR RETIREMENT. CAAB REQUIRES THAT IDA ENROLLEES COMPLETE THE MONEY MANAGEMENT 101 CURRICULUM BEFORE MATRICULATING INTO THE MATCHED SAVINGS PROGRAM. CAAB BELIEVES THIS WILL INCREASE SAVINGS PARTICIPATION AND RENTENTION RATES, AS WELL AS BETTER INFORM SAVERS ON THE USAGE OF THEIR ASSETS.
EITC - THE DC EARNED INCOME TAX CREDIT (EITC) CAMPAIGN RECRUITS AND TRAINS HUNDREDS OF VOLUNTEERS TO PREPARE TAX RETURNS, PROVIDE SAVINGS AND FINANCIAL EDUCATION INFORMATION, AND EDUCATE LOW-WAGE...
EITC - THE DC EARNED INCOME TAX CREDIT (EITC) CAMPAIGN RECRUITS AND TRAINS HUNDREDS OF VOLUNTEERS TO PREPARE TAX RETURNS, PROVIDE SAVINGS AND FINANCIAL EDUCATION INFORMATION, AND EDUCATE LOW-WAGE WORKERS DURING THE TAX SEASON. MANY LOW-INCOME FAMILIES RECEIVE FREE TAX FILING ASSISTANCE AT DC CAMPAIGN TAX SITES, ENABLING THEM TO ACCESS TAX REFUNDS RESULTING FROM TAX CREDITS FOR LOWER INCOME WORKERS.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $2,179,542 | $3,000,582 | -0.3% |
| Expenses | $3,444,356 | $3,764,655 | -0.1% |
| Net Income | $-1,264,814 | $-764,073 | +0.7% |
Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics
Financial Distress Indicator
Liquidity & Cash Position
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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| JOSEPH LEITMANN-SANTA CRUZ | EXECUTIVE DIRECTOR THROUGH JUNE 2024 | 40.00 |
Officer
|
$131,627 | $49,096 | $180,723 |
| KATHRYN STEPHENS | INTERIM EXECUTIVE DIRECTOR FROM JULY 2024 | 40.00 |
Officer
|
$92,500 | $0 | $92,500 |
| NICOLE JONES | DIRECTOR OF MATCH SAVINGS | 40.00 |
Highest
|
$108,762 | $2,348 | $111,110 |
| JOSEPH VAUGHAN | PRESIDENT | 4.00 |
Officer
Director
|
$0 | $0 | $0 |
| GAIL REISMAN | SECRETARY | 4.00 |
Officer
Director
|
$0 | $0 | $0 |
| WILLIAM SPINNELL | TREASURER | 4.00 |
Officer
Director
|
$0 | $0 | $0 |
| GABRIEL LAZARUS | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| SHEIDA ELMI | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| MICHELLE LEVISTER | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| SHAE HARRIS | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| PAUL HARRIS JR | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| RYAN PALMER | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| WAYNE CHOPUS | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $2,179,542 | $3,444,356 | $3,474,274 | $-1,264,814 |
| 2023 | $3,000,582 | $3,764,655 | $19,254,357 | $-764,073 |
| 2022 | $3,549,789 | $2,597,779 | $9,210,791 | $952,010 |
| 2021 | $2,444,972 | $1,910,549 | $6,254,812 | $534,423 |
| 2020 | $3,577,464 | $2,657,517 | $3,584,279 | $919,947 |
| 2019 | $2,562,824 | $2,162,872 | $2,260,592 | $399,952 |
| 2018 | $2,355,562 | $2,549,321 | $1,601,918 | $-193,759 |
Compare CAPITAL AREA ASSET BUILDING CORPORATION with other nonprofits in District of Columbia and across the country.