Overview
What is Ct Energy Efficiency Financing Company C/O Capital For Change Inc?
Ct Energy Efficiency Financing Company C/O Capital For Change Inc is a lending organization based in Wallingford, Connecticut, offering various loan products for homeowners and multi-tenant landlords across the state. Their mission focuses on promoting energy efficiency and reducing energy usage through audits, retrofits, and installation of alternative or clean energy sources. Their services, which include on-bill repayment options through Eversource, have a total capital availability of over $12 million, supporting over 3000 active loans. The organization's activities primarily aim to help homeowners conserve energy usage and lower costs, contributing to a more sustainable future.
Official website here: www.capitalforchange.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 84% (Three-Star out of Four Star rating)
The Ct Energy Efficiency Financing Company, operating under Capital For Change Inc, has achieved a Three-Star rating from Charity Navigator, indicating a good level of accountability and finance management. The score reflects a strong commitment to transparency, with many indicators scoring full points in areas such as independent board governance and financial oversight.
Strengths include a fully independent board and effective financial policies, such as a well-structured conflict of interest policy and whistleblower protections. The organization has shown no material diversion of assets and has a solid program expense ratio, suggesting that funds are directed effectively toward its mission.
However, the rating also reveals some limitations, particularly in the area of fundraising efficiency, where the organization scored zero, indicating potential challenges in generating revenue through fundraising efforts. Additionally, while the organization has a high accountability score, it may need to address its liabilities to assets ratio to improve its financial health further.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Ct Energy Efficiency Financing Company C/O Capital For Change Inc?
100% of 9 reviewers on Facebook recommend Ct Energy Efficiency Financing Company C/O Capital For Change Inc. Here is a summary of their reviews:
The patrons express overwhelmingly positive sentiments about their experiences with the organization. One intern highlighted the friendly and helpful nature of the staff, emphasizing that the environment fostered both support and insight. This reflects a positive atmosphere within the organization, contributing to a strong recommendation rate.
Overall, the nonprofit appears to deliver a commendable experience to its participants, showcasing their commitment to providing valuable interaction and assistance. Many seem to feel satisfied with the services and support received, indicating a solid reputation within the community.
This AI summary has been generated from reviews found on Facebook.
Is Ct Energy Efficiency Financing Company C/O Capital For Change Inc legitimate?
Ct Energy Efficiency Financing Company C/O Capital For Change Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ct Energy Efficiency Financing Company C/O Capital For Change Inc 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.capitalforchange.org
What is the mission statement of Ct Energy Efficiency Financing Company C/O Capital For Change Inc?
The Ct Energy Efficiency Financing Company C/O Capital For Change Inc is dedicated to providing loans for projects aimed at renewable energy and energy conservation. Their mission is to help homeowners conserve energy usage and decrease costs through audits, retrofits, and installation of alternative or clean energy sources. They offer a range of loan products for homeowners and multi-tenant landlords, with various repayment terms and interest rates. Many of their loans make use of on-bill repayment through Eversource. Their total capital available for these programs exceeds $12 million, supporting over 3000 active loans.
Official website here: www.capitalforchange.org
Who is the CEO of Ct Energy Efficiency Financing Company C/O Capital For Change Inc?
Jeffrey Robinson is the Ceo (Until 12/2022) of Ct Energy Efficiency Financing Company C/O Capital For Change Inc. The CEO's salary of Ct Energy Efficiency Financing Company C/O Capital For Change Inc is $0 and their total compensation is $0.
Official website here: www.capitalforchange.org
What is the revenue of Ct Energy Efficiency Financing Company C/O Capital For Change Inc?
Ct Energy Efficiency Financing Company C/O Capital For Change Inc's revenue in 2023 was $3,679,628.
Official website here: www.capitalforchange.org
Who are the executives of Ct Energy Efficiency Financing Company C/O Capital For Change Inc and what are their salaries?
There 4 volunteers at Ct Energy Efficiency Financing Company C/O Capital For Change Inc.
Here are 7 key members and their salaries (Ct Energy Efficiency Financing Company C/O Capital For Change Inc's CEO's salary is $0 and their total compensation is $0):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.capitalforchange.org
Where can I find the form 990 for Ct Energy Efficiency Financing Company C/O Capital For Change Inc?
Ct Energy Efficiency Financing Company C/O Capital For Change Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.capitalforchange.org
Learn more at the official website: www.capitalforchange.org
Mission Statement of Ct Energy Efficiency Financing Company C/O Capital For Change Inc
The Ct Energy Efficiency Financing Company C/O Capital For Change Inc, in its mission, aims to lend to both homeowners and landlords for energy-saving projects, particularly those involving renewable energy and reducing energy consumption. By providing loans, this organization facilitates energy conservation efforts among homeowners, enabling them to reduce their costs through energy audits, retrofits, and the installation of alternative or clean energy sources.
Capital For Change, through its CEEFCO subsidiary, offers five different loan products with various repayment terms and interest rates. Many of these loans make use of on-bill repayment through Eversource. Currently, the total capital available for these programs exceeds $12 million, supporting over 3000 active loans. This organization's initiatives are instrumental in helping homeowners decrease their energy usage and costs, contributing to a more sustainable future.
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Impact
June, 2024
Ct Energy Efficiency Financing Company, operating under Capital For Change Inc, provides vital financial support for homeowners and landlords in Connecticut looking to implement renewable energy solutions and reduce energy consumption. With a robust portfolio of loan products and over $12 million in available capital, they have facilitated over 3000 active loans, enabling individuals to lower their energy usage and costs through audits, retrofits, and clean energy installations. Their impactful work contributes significantly to environmental conservation efforts, offering tangible benefits to both their clients and the planet.
This information is meant to be a general summary of Ct Energy Efficiency Financing Company C/O Capital For Change Inc. 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 2023.
- Program Service Revenue: $1,579,628
- Gross Receipts: $3,679,628
Assets and Liabilities:
- Total Assets: $35,683,603
- Total Liabilities: $20,117,068
- Net Assets: $15,566,535
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOAN INTEREST INCOME
Revenue
$1,579,628
Organization Details
Founding Year
2011
Phone
(800) 992-3665Principal Officer
Jeffrey Robinson
Main Address
10 ALEXANDER DRIVE, WALLINGFORD, CT, 06492
Website
www.capitalforchange.orgNTEE Category
Code: C35 - Environment
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