Overview
What is Capital Certified Development Corporation?
Capital Certified Development Corporation, recognized as Capital CDC, is a nonprofit organization situated in Austin, Texas (78735). Their primary mission is to stimulate economic growth by offering access to the Small Business Administration (SBA) 504 Loan Program for small businesses in Texas, New Mexico, and Arkansas. This program provides long-term, fixed-asset financing at competitive interest rates, aiding small businesses in expanding their operations. Capital CDC employs a team of 36 individuals, dedicated to promoting economic development through their SBA 504 loan initiatives and other related programs.
Official website here: www.capitalcdc.com
What are the reviews and ratings of this charity?
**Rating: 96% (Four-Star out of Four Star rating from Charity Navigator)**
Capital Certified Development Corporation has received a commendable Four-Star rating from Charity Navigator, reflecting an impressive accountability and finance score of 96 for the most recent fiscal year (FY2023). The rating is based entirely on financial practices, with notable strengths such as having a majority of independent board members and a solid program expense ratio of 83.39%. This robust financial oversight is indicative of the organization's commitment to transparency and effective resource management.
While the charity excels in accountability and financial practices, it has not yet been assessed for its impact, culture, or leadership adaptability, leaving some areas unexamined. The absence of a historically comprehensive evaluation might mean prospective donors and volunteers are looking for a more rounded understanding of the organization's broader effectiveness beyond financial metrics.
User reviews from GreatNonprofits were not available, which limits insight into the public's personal experiences and satisfaction with the services provided. However, the high rating reflects a strong foundation of accountability that is typically a positive indicator for potential stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Capital Certified Development Corporation legitimate?
Capital Certified Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Capital Certified Development 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: $349,980
Professional Fundraising Fees: $0
Other Salaries and Wages: $4,351,597
For more financial information, click here
Official website here: www.capitalcdc.com
What is the mission statement of Capital Certified Development Corporation?
Capital Certified Development Corporation's mission is to foster economic growth by making SBA 504 loans and other programs accessible to small businesses. This organization operates within a tri-state area, specifically in Texas, New Mexico, and Arkansas, with the objective of assisting small businesses in securing long-term, fixed-asset financing at interest rates similar to commercial paper. By doing so, Capital Certified Development Corporation contributes to the sustenance and expansion of small businesses in the region.
Official website here: www.capitalcdc.com
Who is the CEO of Capital Certified Development Corporation?
Thomas J Braasch is the Business Development Region Manager of Capital Certified Development Corporation.
Official website here: www.capitalcdc.com
What is the revenue of Capital Certified Development Corporation?
Capital Certified Development Corporation's revenue in 2022 was $7,851,539.
Official website here: www.capitalcdc.com
Who are the executives of Capital Certified Development Corporation and what are their salaries?
The average compensation at Capital Certified Development Corporation during 2022 was $130,599. There are 36 employees and 32 volunteers at Capital Certified Development Corporation.
Here are 20 key members and their salaries:
- Compensation: $367,163
- Related: $0
- Other: $19,290
- Compensation: $334,808
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- Other: $36,132
- Compensation: $308,331
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- Other: $24,436
- Compensation: $225,879
- Related: $0
- Other: $35,255
- Compensation: $188,831
- Related: $0
- Other: $24,803
- Compensation: $163,657
- Related: $0
- Other: $17,427
- Compensation: $0
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Official website here: www.capitalcdc.com
Where can I find the form 990 for Capital Certified Development Corporation?
Capital Certified Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.capitalcdc.com
Learn more at the official website: www.capitalcdc.com
Mission Statement of Capital Certified Development Corporation
Capital Certified Development Corporation, abbreviated as CCDC, is a non-profit organization dedicated to promoting economic development. Its primary mission is achieved through facilitating access to the SBA 504 loan program for small businesses located in Texas and New Mexico. This program is designed to assist small businesses with long-term, fixed-asset financing at interest rates comparable to commercial paper. By doing so, CCDC plays a pivotal role in empowering small businesses to grow and thrive, thereby contributing to the overall economic development of the communities they serve. The organization's mission is to make financing more accessible and affordable for small businesses, thereby fostering a healthy and vibrant small business sector.
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Impact
July, 2024
Capital Certified Development Corporation's impact can be seen in the significant support it provides to small businesses in Texas, New Mexico, and Arkansas. By facilitating SBA 504 loans, the organization enables small businesses to access long-term, fixed asset financing at favorable interest rates. This assistance plays a crucial role in helping small businesses grow and thrive, ultimately contributing to the economic development of the region. Through its focus on community improvement, Capital Certified Development Corporation makes a tangible difference by empowering small businesses to succeed and drive local economies forward.
This information is meant to be a general summary of Capital Certified Development 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: $12,945
- Program Service Revenue: $7,836,095
- Gross Receipts: $7,851,539
Assets and Liabilities:
- Total Assets: $10,331,482
- Total Liabilities: $1,506,340
- Net Assets: $8,825,142
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Loan Servicing Fees
Revenue
$4,510,861
Loan Processing Fees
Revenue
$2,807,011
Loan Packaging Fees
Revenue
$149,606
Community Advantage Fees
Revenue
$137,515
Interest Earnings
Revenue
$231,102
Organization Details
Founding Year
1993
Phone
(512) 615-0365Principal Officer
Thomas J Braasch
Main Address
4330 Gaines Ranch Loop S220, Austin, TX, 78735
Website
www.capitalcdc.comNTEE Category
Code: S43 - Community improvement
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