CAPITAL CERTIFIED DEVELOPMENT CORPORATION

EIN: 742670381 501(c)(3)

Austin, TX

Total Revenue
$9,988,366
Total Expenses
$7,733,953
Total Assets
$14,538,426
Net Assets
$12,427,666
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
1993
Legal Domicile
TX
Principal Officer
Thomas J Braasch
Phone
5126150365
Tax Period
2023-10-01 to 2024-09-30

CAPITAL CERTIFIED DEVELOPMENT CORPORATION, founded in 1993, is a community nonprofit that reported $10.0M in total revenue in fiscal year 2023. Revenue grew 16% year-over-year, indicating healthy expansion. The organization ran a surplus of $2.3M, a strong 23% operating margin.

Mission

To promote economic development by facilitating 504 loans and other programs for small businesses within Texas, New Mexico and Arkansas.

Program Service Accomplishments

Program 1
Expenses: $6,362,242 Revenue: $9,826,294

THE ORGANIZATION PROVIDES ACCESS TO THE SBA 504 LOAN PROGRAM TO ALL SMALL BUSINESSES IN TEXAS AND NEW MEXICO AND ARKANSAS. THE PROGRAM ASSISTS SMALL BUSINESSES WITH LONG-TERM, FIXED ASSET FINANCING...

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THE ORGANIZATION PROVIDES ACCESS TO THE SBA 504 LOAN PROGRAM TO ALL SMALL BUSINESSES IN TEXAS AND NEW MEXICO AND ARKANSAS. THE PROGRAM ASSISTS SMALL BUSINESSES WITH LONG-TERM, FIXED ASSET FINANCING AT INTEREST RATES COMPARABLE TO COMMERCIAL PAPER.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $9,671,914
Investment Income $302,057
Other Revenue $14,395
TOTAL REVENUE $9,988,366

Expense Breakdown

Grants Paid $0
Salaries & Benefits $6,289,831
Fundraising Expenses $0
Program Expenses $6,362,242
Other Expenses $1,444,122
TOTAL EXPENSES $7,733,953

Year-over-Year Comparison

2023 2022 Change
Revenue $9,988,366 $8,615,049 +0.2%
Expenses $7,733,953 $7,237,459 +0.1%
Net Income $2,254,413 $1,377,590 +0.6%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Financial Health Indicators

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

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Governance

Voting Members
15
Independent Members
14
Employees
36
Volunteers
32

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
4
$429,561
Total Directors
14
$0
Key Employees
1
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Amy Joseph Business Development Region Manager 40
Highest
$506,628 $30,359 $536,987
Thomas Braasch Executive Director 40
Officer
$391,400 $38,161 $429,561
Harry Leach Jr Business Development Region Manager 40
Highest
$339,931 $19,772 $359,703
Paula Dean Director of Finance and Administration 40
Highest
$239,965 $36,548 $276,513
Jason Bigham Business Development Region Manager 40
Highest
$231,186 $29,685 $260,871
Matt McCollum Credit Director 40
Highest
$199,861 $18,043 $217,904
Gary Henderson President 0
Officer Director
$0 $0 $0
Paul Reade Vice President 0
Director Key Emp
$0 $0 $0
Lane Lanford Treasurer 0
Officer Director
$0 $0 $0
Alan Talkington Secretary 0
Officer Director
$0 $0 $0
Carl Condon Director 0
Director
$0 $0 $0
Deepesh Kholwadwala Director 0
Director
$0 $0 $0
Roland Love Director 0
Director
$0 $0 $0
Julia Sheldon Director 0
Director
$0 $0 $0
J Hampton Skelton Director 0
Director
$0 $0 $0
Bill Young Director 0
Director
$0 $0 $0
Laurie Roach Director 0
Director
$0 $0 $0
Greg Garner Director 0
Director
$0 $0 $0
Garrett Morgan Director 0
Director
$0 $0 $0
John Jenkins Director 0
Director
$0 $0 $0
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 $9,988,366 $7,733,953 $14,538,426 $2,254,413
2023 $8,615,049 $7,237,459 $12,256,539 $1,377,590
2022 $7,851,539 $6,806,990 $10,331,482 $1,044,549
2021 $6,735,793 $5,643,296 $9,127,975 $1,092,497
2020 $5,965,018 $5,230,418 $7,768,966 $734,600
2019 $5,778,551 $4,841,209 $6,735,010 $937,342
2018 $5,326,535 $4,769,060 $5,909,518 $557,475
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