Overview
What is Cascade Capital Corporation?
Cascade Capital Corporation, located in Akron, Ohio, is a certified development company, recognized by the U.S. Small Business Administration. Its primary role is to facilitate economic growth in northeastern Ohio by providing fixed asset financing, primarily through its SBA 504 and Ohio 166 loan programs. During the fiscal year, Cascade Capital Corporation successfully closed 16 SBA 504 loans totaling $10,366,000 and no Ohio 166 loans. As of now, the corporation manages a total of 153 SBA 504 and Ohio 166 loans, amounting to $55,112,055. With a mission to assist area companies in expanding through investments in new facilities, equipment, and employees, Cascade Capital Corporation plays a significant role in fostering economic development in the region.
Official website here: www.cascadecapital.org
Is Cascade Capital Corporation legitimate?
Cascade Capital Corporation is a legitimate nonprofit organization registered as a 501(c)(4) entity. Cascade Capital Corporation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $450,507
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.cascadecapital.org
What is the mission statement of Cascade Capital Corporation?
Cascade Capital Corporation, as a certified development company, primarily aims to assist businesses, predominantly in various regions, in their growth through financing for new facilities, equipment, and employment opportunities. The corporation's primary operating goal is to provide financial assistance through its SBA 504 and Ohio 166 loan programs. During the fiscal year, Cascade Capital Corporation closed 16 SBA 504 loans totaling $10,366,000 and no Ohio 166 loans. Currently, the corporation manages 153 SBA 504 and Ohio 166 loans, amounting to $55,112,055. The corporation's mission revolves around contributing to economic development by facilitating access to financing for companies looking to expand their operations.
Official website here: www.cascadecapital.org
Who is the CEO of Cascade Capital Corporation?
Robert Filipiak is the Executive Di of Cascade Capital Corporation.
Official website here: www.cascadecapital.org
What is the revenue of Cascade Capital Corporation?
Cascade Capital Corporation's revenue in 2022 was $573,108.
Official website here: www.cascadecapital.org
Who are the executives of Cascade Capital Corporation and what are their salaries?
The average compensation at Cascade Capital Corporation during 2022 was $150,169. There are 3 employees and 34 volunteers at Cascade Capital Corporation.
Here are 21 key members and their salaries:
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Official website here: www.cascadecapital.org
Where can I find the form 990 for Cascade Capital Corporation?
Cascade Capital Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.cascadecapital.org
Learn more at the official website: www.cascadecapital.org
Mission Statement of Cascade Capital Corporation
Cascade Capital Corporation, a certified development company, is primarily dedicated to providing economic development and fixed asset financing, primarily in Northeast Ohio. Their mission is to assist area companies, primarily in Northeast Ohio, that are poised for growth through investments in new operating facilities, equipment, and employees. The corporation delivers the SBA 504 Loan Program throughout Ohio and also serves as an administrator for the Ohio 166 Regional Loan Program. During the recent fiscal year, Cascade Capital Corporation closed 16 SBA 504 loans totaling $10,366,000 and did not close any Ohio 166 loans. Currently, the corporation manages 153 SBA 504 and Ohio 166 loans, amounting to $55,112,055. By offering financing assistance, Cascade Capital Corporation plays a crucial role in supporting the growth and development of various businesses in Northeast Ohio.
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Impact
October, 2024
Cascade Capital Corporation significantly impacts economic development in Northeast Ohio by providing essential financing solutions to local businesses. Through its administration of the SBA 504 loan program and the Ohio 166 regional loan program, it empowers companies to invest in new facilities, equipment, and workforce expansion.
In the most recent fiscal year, Cascade Capital closed 16 SBA 504 loans amounting to over $10 million, demonstrating its active role in facilitating business growth within the community. Managing a total of 153 loans valued at more than $55 million, the organization plays a crucial role in fostering a robust economic environment.
By focusing on financing assistance for companies in the region, Cascade Capital Corporation not only supports individual business growth but also contributes to broader community improvement, enhancing job creation and economic stability in Northeast Ohio.
This information is meant to be a general summary of Cascade Capital Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $77,333
- Program Service Revenue: $489,136
- Gross Receipts: $573,108
Assets and Liabilities:
- Total Assets: $2,306,667
- Total Liabilities: $76,417
- Net Assets: $2,230,250
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SERVICE FEES
Revenue
$378,110
ORIGINATION FEES
Revenue
$107,954
OTHER LOAN RELATED FEES
Revenue
$3,072
Organization Details
Founding Year
1983
Phone
(330) 379-3160Principal Officer
Robert Filipiak
Main Address
1 CASCADE PLAZA 7TH FLOOR, AKRON, OH, 44308
Website
www.cascadecapital.orgNTEE Category
Code: S43 - Community improvement
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