Overview
What is Community Capital Fund?
Community Capital Fund is a nonprofit organization located in Kansas City, Missouri, specifically at 3200 Wayne Avenue. Their primary mission is to assist individuals and small businesses impacted by COVID-19, offering aid for rent, utilities, food, and transportation. They supported 202 households and 56 local businesses, with a significant portion going to minority-owned and female-owned enterprises. In addition to financial assistance, Community Capital Fund provides grants, technical support, and coaching to under-resourced neighborhoods and businesses within the Greater Kansas City Metropolitan area, contributing to Asset Based Community Development and boosting financial, human, and social capital.
Official website here: www.ccfkansascity.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 85%, Three-Star out of Four Star rating.
Community Capital Fund has earned a solid Three-Star rating, indicating a good level of accountability and financial health. The organization scored 85% overall for its Accountability & Finance, with notable strengths highlighted, including a fully independent board and well-maintained financial statements. The absence of any material diversion of assets further underscores its reliable governance practices.
The fund's program expense ratio is particularly impressive at 89.38%, suggesting that a significant majority of its resources are allocated directly to its programs. Additionally, the presence of comprehensive policies such as conflict of interest and whistleblower protections reflects a commitment to transparency and ethical operations.
However, the organization's liabilities to assets ratio stands at 64.63%, which may imply some financial leverage that could be a point of consideration for stakeholders. Overall, while Community Capital Fund demonstrates strong governance and effective program spending, monitoring its financial liabilities will be important for future sustainability.
This AI summary has been generated from information found on Charity Navigator.
Is Community Capital Fund legitimate?
Community Capital Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Community Capital Fund 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: $256,028
For more financial information, click here
Official website here: www.ccfkansascity.org
What is the mission statement of Community Capital Fund?
The Community Capital Fund's mission is to provide assistance in the form of grants, technical support, and coaching to under-resourced communities and businesses, with the goal of fostering Asset Based Community Development and enhancing financial, human, and social capital. During the COVID-19 pandemic, they aided individuals and small businesses by covering expenses such as rent, utilities, food, and transportation. Additionally, they supported local government grant-making efforts in response to the crisis. Their assistance benefited 202 households and 56 businesses, with 38 of the businesses being minority-owned and 47 being female-owned.
Official website here: www.ccfkansascity.org
Who is the CEO of Community Capital Fund?
Phyllis Hardwick is the President of Community Capital Fund.
Official website here: www.ccfkansascity.org
What is the revenue of Community Capital Fund?
Community Capital Fund's revenue in 2022 was $937,327.
Official website here: www.ccfkansascity.org
Who are the executives of Community Capital Fund and what are their salaries?
There 31 volunteers at Community Capital Fund.
Here are 7 key members and their salaries:
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- Other: $0
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- Other: $0
Official website here: www.ccfkansascity.org
Where can I find the form 990 for Community Capital Fund?
Community Capital Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.ccfkansascity.org
Learn more at the official website: www.ccfkansascity.org
Mission Statement of Community Capital Fund
Community Capital Fund is an organization committed to providing assistance to under-resourced neighborhoods and businesses within the Greater Kansas City Metropolitan area. Their mission is twofold: to offer grants, technical assistance, and coaching, with the ultimate goal of advancing Asset Based Community Development. This approach aims to increase financial, human, and social capital within the community. By doing so, Community Capital Fund aims to support local businesses and individuals, helping them to overcome challenges and thrive. During the COVID-19 pandemic, Community Capital Fund extended their aid to 202 households, providing essential assistance such as rent, utility payments, food, and transportation. Additionally, they supported 56 local businesses by granting them funds to cover their rent obligations, with a significant portion going to minority and female-owned businesses. Their efforts also included supporting local government in their grant-making initiatives in response to the pandemic.
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Impact
July, 2024
Community Capital Fund has made a significant impact by providing grants, technical assistance, and coaching to under-resourced neighborhoods and businesses in the Greater Kansas City Metropolitan area. During the COVID-19 pandemic, they supported 202 households with payment of rent, utilities, food, and transportation assistance. Additionally, they assisted 7 low to moderate income neighborhood community stabilization efforts and provided grants to 56 businesses totaling approximately $460,000 to cover rent obligations. Furthermore, they supported local landlords and mortgage companies, with 64% of awards going to these entities. It's worth noting that 38 of the business owners who received support were minorities, and 47 were female-owned businesses. Through their efforts, Community Capital Fund is advancing Asset Based Community Development and increasing financial, human, and social capital in the region.
This information is meant to be a general summary of Community Capital Fund. 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: $30
- Program Service Revenue: $37,873
- Gross Receipts: $937,327
Assets and Liabilities:
- Total Assets: $1,374,531
- Total Liabilities: $888,473
- Net Assets: $486,058
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Administrative and support services
Revenue
$37,873
Organization Details
Founding Year
2012
Phone
(816) 502-9584Principal Officer
Phyllis Hardwick
Main Address
3200 WAYNE AVENUE, KANSAS CITY, MO, 64109
Website
www.ccfkansascity.orgNTEE Category
Code: A12 - Arts
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