Public Charity

COMMUNITY LOAN FUND OF THE CAPITAL REGION INC

COMMUNITY LOAN FUND OF THE CAPITAL REGION INC is a nonprofit organization categorized as Public Charity based in ALBANY, NY. Its most recent IRS filing (2024) reports revenue of $3.8M, expenses of $3.5M, total assets of $25.0M. Imperigo tracks 23 reported grant relationships connected to this organization totaling approximately $633K.

EIN: 222706505 ALBANY, NY Housing Support NTEE: L80 Latest filing: 2024
Total Revenue$3.8M
Total Expenses$3.5M
Total Assets$25.0M
Grant Records23
Funding Total$633K
Filing Years2020–2024

Mission

COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION THAT LINKS SOCIALLY CONCERNED INVESTORS WITH COMMUNITY NEEDS BY MAKING AFFORDABLE HOUSING, COMMUNITY AND ECONOMIC DEVELOPMENT LOANS TO NONPROFIT ORGS, SMALL BUSINESSES AND LOW/MODERATE INCOME PERSONS.

Where $100 goes at Community Loan Fund of the Capital Region Inc

How Community Loan Fund of the Capital Region Inc divides every $100 it spends, from its own Form 990 filings, averaged across 8 years.

$92 Programs the work itself
$8 Management running the organization
$0 Fundraising none reported

No fundraising costs are reported. That often means fundraising runs through a separate affiliated organization that files its own return.

Inside the $92 for programs

$92
Provide community and economic development loans and technical assistance to nonprofit organizations, social enterprises, small businesses, micro enterprises and low-moderate income individuals
All program spending
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Source: Form 990 filings with the IRS, latest fiscal year 2024. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.

Sample Grants Received

2024
UNRESTRICTED
$9,666
2023
FINANCE JUSTICE FUND SUBGRANT
$100,000
2023
Community Investment Trusts: Fighting Poverty & Racial Inequity Through Democratized Access to Investment
$45,000
2023
For grant recipient's exempt purposes
$41,300
$10,000

Showing up to 5 of 23 total records — full history available with membership.

Officers & Directors

DIRECTOR Averell Hilton
VICE PRESIDE Eric Dahl
DIRECTOR Fermin Mendez
DIRECTOR John Staugaitis
TREASURER Karen Maxwell
SECRETARY Kevin Catalano

Officer compensation and complete director data available with membership.

Top Grant Purposes

Civil Rights & Social Justice
$270,000 3 grants
General Support
$233,070 16 grants
Economic Development
$70,000 2 grants
Environment & Conservation
$50,000 1 grant
Training & Professional Development
$10,000 1 grant

Financial Trends

Year Revenue Expenses Assets
2024 $3.8M $3.5M $25.0M
2023 $2.8M $2.7M $26.9M
2022 $2.4M $2.1M $26.7M
2021 $3.6M $1.9M $23.8M
2020 $3.0M $2.2M $22.8M

Between 2020 and 2024, reported annual revenue grew from $3.0M to $3.8M (+28%), with total assets most recently reported at $25.0M.

Interactive year-over-year charts and full filing details available with membership.

See the full picture for COMMUNITY LOAN FUND OF THE CAPITAL REGION INC

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