Mission
TO CREATE OPPORTUNITIES FOR LOW- AND MODERATE-INCOME INDIVIDUALS IN THE GREATER DC REGION TO BUILD FINANCIAL SECURITY, SAVINGS, AND WEALTH FOR THE FUTURE.
Public Charity
CAPITAL AREA ASSET BUILDING CORPORATION
CAPITAL AREA ASSET BUILDING CORPORATION is a Public Charity headquartered in WASHINGTON, DC. Financial data from the 2024 filing: $2.2M revenue, $3.4M expenses, $3.5M total assets. 39 publicly reported grants to this organization, totaling roughly $5.7M, appear in IRS filings.
EIN: 522002672
WASHINGTON, DC
Community & Neighborhood Development
NTEE: S20
Latest filing: 2024
Total Revenue$2.2M
Total Expenses$3.4M
Total Assets$3.5M
Grant Records39
Funding Total$5.7M
Filing Years2020–2024
Where $100 goes at Capital Area Asset Building Corporation
How Capital Area Asset Building Corporation divides every $100 it spends, from its own Form 990 filings, averaged across 8 years.
$82
Programs
the work itself
$16
Management
running the organization
$2
Fundraising
raising the next dollar
Inside the $82 for programs
$70
Savings programs
$12
Eitc
<$1
Financial education
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
GENERAL SUPPORT
$367,400
GENERAL SUPPORT
$50,000
GENERAL SUPPORT
$50,000
General Support
$1,018,500
CASH ASSISTANCE PROGRAM
$728,668
Showing up to 5 of 39 total records — full history available with membership.
Officers & Directors
DIRECTOR
Gabriel Lazarus
SECRETARY
Gail Reisman
EXECUTIVE DIRECTOR THROUGH JUNE 2024
Joseph Leitmann-Santa Cruz
PRESIDENT
Joseph Vaughan
INTERIM EXECUTIVE DIRECTOR FROM JULY 2024
Kathryn Stephens
DIRECTOR
Michelle Levister
Officer compensation and complete director data available with membership.
Top Grant Purposes
Financial Trends
| Year | Revenue | Expenses | Assets |
|---|---|---|---|
| 2024 | $2.2M | $3.4M | $3.5M |
| 2023 | $3.0M | $3.8M | $19.3M |
| 2022 | $3.5M | $2.6M | $9.2M |
| 2021 | $2.4M | $1.9M | $6.3M |
| 2020 | $3.6M | $2.7M | $3.6M |
Between 2020 and 2024, reported annual revenue declined from $3.6M to $2.2M (-39%), with total assets most recently reported at $3.5M.
Interactive year-over-year charts and full filing details available with membership.