CATALYST COMMUNITY CAPITAL INC

EIN: 832202198 501(c)(3) Community Improvement

ST PETERSBURG, FL

Total Revenue
$195,564
Total Expenses
$249,065
Total Assets
$68,818
Net Assets
$-488,911
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2018
Legal Domicile
FL
Phone
8136703223
Tax Period
2023-01-01 to 2023-12-31

CATALYST COMMUNITY CAPITAL INC, founded in 2018, is a small nonprofit in the Community Improvement sector that reported $196K in total revenue in fiscal year 2023. Revenue fell 76% from the prior year — a significant decline worth monitoring. Expenses of $249K exceeded revenue, resulting in a 27% operating deficit.

Mission

CATALYST SUPPORTS ECONOMIC GROWTH AND REVITALIZES LOW-INCOME COMMUNITIES BY INCREASING THE FLOW OF CAPITAL TO SMALL BUSINESSES AND MISSION-DRIVEN DEVELOPERS AND ORGANIZATIONS.

Program Service Accomplishments

Program 1
Expenses: $139,669 Revenue: $104,048

LENDING: CATALYST PROVIDES REAL ESTATE ACQUISITION & CONSTRUCTION LOANS, SMALL BUSINESS AND MICROENTERPRISE LOANS, WORKING CAPITAL, TERM LOANS, AND BRIDGE LOANS TO ENSURE ITS BORROWERS HAVE THE...

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LENDING: CATALYST PROVIDES REAL ESTATE ACQUISITION & CONSTRUCTION LOANS, SMALL BUSINESS AND MICROENTERPRISE LOANS, WORKING CAPITAL, TERM LOANS, AND BRIDGE LOANS TO ENSURE ITS BORROWERS HAVE THE RESOURCES NEEDED TO GROW THEIR BUSINESSES TO SUPPORT JOB CREATION / RETENTION AND INCREASED WAGES FOR RESIDENTS, EXPAND THE AVAILABILITY OF AFFORDABLE HOUSING, AND CREATE MUCH NEEDED COMMUNITY FACILITIES TO SERVE LOW-INCOME HOUSEHOLDS.

Program 2
Expenses: $18,854 Revenue: $16,930

MICROENTERPRISE LOANS: CATALYST PARTNERS WITH LOCAL GOVERNMENT AGENCIES AND MUNICIPALITIES TO CREATE, DEVELOP, AND MANAGE VARIOUS FUNDING AND TECHNICAL ASSISTANCE PROGRAMS TO ADVANCE COMMUNITY AND...

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MICROENTERPRISE LOANS: CATALYST PARTNERS WITH LOCAL GOVERNMENT AGENCIES AND MUNICIPALITIES TO CREATE, DEVELOP, AND MANAGE VARIOUS FUNDING AND TECHNICAL ASSISTANCE PROGRAMS TO ADVANCE COMMUNITY AND ECONOMIC DEVELOPMENT GOALS. CATALYSTS PROACTIVELY EDUCATES THESE ENTITIES ON THE NEEDS OF ITS COMMUNITIES AND THE FINANCIAL RESOURCES AVAILABLE TO THEM TO FULFILL THESE NEEDS. IN CONJUNCTION WITH AGENCY STAFF MEMBERS AND ELECTED OFFICIALS, CATALYST CREATES SUSTAINABLE LOAN PROGRAMS THAT EFFICIENTLY DELIVER FUNDING WHILE SIMULTANEOUSLY ENSURING SUSTAINABILITY OF THE PROGRAM TO MAXIMIZE ITS IMPACT.

Program 3

TECHNICAL ASSISTANCE AND MINORITY TRAINING: CATALYST'S TECHNICAL ASSISTANCE PLATFORM INCLUDES ITS MINORITY DEVELOPER MENTORSHIP & TRAINING PROGRAM ("MDMT"). THE PURPOSE OF MDMT IS TO EDUCATE MINORITY...

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TECHNICAL ASSISTANCE AND MINORITY TRAINING: CATALYST'S TECHNICAL ASSISTANCE PLATFORM INCLUDES ITS MINORITY DEVELOPER MENTORSHIP & TRAINING PROGRAM ("MDMT"). THE PURPOSE OF MDMT IS TO EDUCATE MINORITY DEVELOPERS ON THE COMPREHENSIVE PROCESS OF REAL ESTATE DEVELOPMENT, INCLUDING SITE SELECTION, ZONING & PERMITTING, DESIGN, CONSTRUCTION MANAGEMENT AND FINANCIAL FORECASTING, HELPING TO BUILD CAPACITY FOR LOCAL MINORITY DEVELOPERS TO MEET THE NEED AND DEMAND FOR AFFORDABLE HOUSING IN THE TARGET MARKET. THE PROGRAM INCLUDES ONE-ON-ONE MEETINGS, BI-WEEKLY GROUP TRAININGS, AND NETWORKING EVENTS WITH LOCAL REAL ESTATE PROFESSIONALS. WHILE ALL MINORITY DEVELOPERS ARE WELCOME TO PARTICIPATE WHETHER OR NOT THEY ARE INTERESTED IN CATALYST'S FINANCING, MANY MDMT PARTICIPANTS DO BECOME BORROWERS FOR CATALYST'S AFFORDABLE HOUSING LOAN PROGRAM. ALONG WITH MDMT, CATALYST PROVIDES TECHNICAL ASSISTANCE THROUGH VARIOUS WORKSHOPS, INCLUDING AFFORDABLE HOUSING DEVELOPMENT COUNSELING SERVICES, THE SMALL BUSINESS SURVIVE & THRIVE SERIES, AND THE ECONOMIC DEVELOPMENT AND CAPACITY BUILDING WORKSHOP, WHICH ARE DISCUSSED IN MORE DETAIL IN THE DEVELOPMENT SERVICES SECTION BELOW.

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Trantor Score

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $10,000
Program Service Revenue $120,978
Investment Income $64,566
Other Revenue $20
TOTAL REVENUE $195,564

Expense Breakdown

Grants Paid $0
Salaries & Benefits $99,350
Fundraising Expenses $0
Program Expenses $158,523
Other Expenses $149,715
TOTAL EXPENSES $249,065

Year-over-Year Comparison

2023 2022 Change
Revenue $195,564 $805,577 -0.8%
Expenses $249,065 $649,206 -0.6%
Net Income $-53,501 $156,371 -1.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
7
Independent Members
5
Employees
3
Volunteers
5

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
2
$42,316
Total Directors
7
$42,316
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOSEPH BONORA CEO / BOARD MEMBER 20.0
Officer Director
$11,002 $0 $11,002
MICHAEL MAGUIRE COO / CHAIRMAN 30.0
Officer Director
$31,314 $0 $31,314
BRYAN SIMMERING BOARD MEMBER 2.0
Director
$0 $0 $0
CHRISTIN COLLINS BOARD MEMBER 2.0
Director
$0 $0 $0
MARK STROUD BOARD MEMBER 2.0
Director
$0 $0 $0
RICHARD FREUND BOARD MEMBER 2.0
Director
$0 $0 $0
TESSA LESAGE BOARD MEMBER 2.0
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
2023 $195,564 $249,065 $68,818 $-53,501
2022 $805,577 $649,206 $654,688 $156,371
2021 $693,403 $668,084 $6,039,917 $25,319
2020 $921,269 $677,978 $6,050,628 $243,291
2019 $334,007 $890,410 $6,424,014 $-556,403
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