NonprofitsCommunity Capital New York Inc

Housing & Shelter

Community Capital New York Inc

ELMSFORD, NY

Total revenue

$2.3M

Total expenses

$2.2M

Net assets

$8.1M

Grants received

$943K

24 grants

EIN

133544227

Tax year

2023

Mission

Community capital is a nonprofit lender that has revitalized communities and transformed lives in the mid-hudson valley, bronx and fairfield county, ct for 35 years. Our mission is to foster economic opportunity for underserved individuals and low wealth communities by providing innovative loans and business training that supports entrepreneurs, and the development of affordable homes so that all residents can be stakeholders in a more inclusive economy.

Programs

1 program

See schedule o - community development and affordable housing lending programcommunity capital new york partners with private and nonprofit real estate developers to expand affordable housing opportunities for low- and moderate-income individuals and families across new york state. As a flexible and mission driven lender, ccny is committed to supporting affordable housing developers with both capital and technical assistance. Through a revolving loan fund, community capital new york works collaboratively and creatively to address the capital needs of affordable housing development projects. Ccny provides early-stage pre-development loans, acquisition loans, bridge loans, and construction loan financing. Ccny supports new construction, rehabilitation, adaptive re-use, multi-family, single-family, mixed-use, mixed-income and supportive affordable housing for seniors, veterans, and people with disabilities or experiencing homelessness. Ccny provides financing to developers building both affordable homeownership and multifamily rental units. Ccny provides technical assistance when it is needed to help move affordable housing projects through development. Ccny finances high-impact community development projects through our lending program which supports the development of safe and high-quality affordable housing with is an essential building block for families and individuals and is linked to health and wellness, strong child and youth development, positive educational outcomes, employment opportunities and personal and neighborhood safety.

Expenses: $1.5M

Financials

FY 2023

Revenue

Contributions & grants$1.4M
Program service revenue$819K
Investment income$101K
Other revenue
Total revenue$2.3M

Expenses

Grants paid
Salaries & benefits$1.3M
Fundraising$65K
Other expenses$862K
Total expenses$2.2M
Total assets$15.5M
Net assets$8.1M

People

18 listed

NameRoleCompensation

IAN BENJAMIN

INTERIM PRESIDENT & CEO

Board

$224K

40 hrs/wk

RICHARD HECHT

ASSISTANT TREASURER

Board

2 hrs/wk

NEIL ALEXANDER

SECRETARY

Board

2 hrs/wk

BEN FRIERSON

DIRECTOR

Board

2 hrs/wk

ALEXANDRA HANSON

DIRECTOR

Board

2 hrs/wk

RICHARD HECHT

DIRECTOR

Board

2 hrs/wk

NATALIE HUNTER

DIRECTOR

Board

2 hrs/wk

WILLIAM MERZ IV

CHAIRMAN THRU 12/23

Board

2 hrs/wk

ANDERSON MITCHELL

DIRECTOR

Board

2 hrs/wk

VLADIMER ORTEGA

DIRECTOR THRU 02/24

Board

2 hrs/wk

EDWARD QUINN

DIRECTOR THRU 12/23

Board

2 hrs/wk

BARRETT STOKES

DIRECTOR

Board

2 hrs/wk

GLEN VETROMILE

DIRECTOR THRU 03/24

Board

2 hrs/wk

AMANDA KELSO

DIRECTOR

Board

2 hrs/wk

RICHARD ST PAUL ESQ

CHAIRMAN

Board

2 hrs/wk

H PHILIP SALMON

TREASURER

Board

2 hrs/wk

KATHRYN CONLAN

CHIEF OPERATING OFFICER

Staff

$134K

40 hrs/wk

KELLY ALMANZAR

CHIEF LENDING OFFICER

Staff

$120K

40 hrs/wk

Grants received

Showing 24 of 24

FromAmountPurposeYear
$250K
OPERATING GRANT
2024
$20K
Small Business Lending and Technical Assistance Program
2024
$30K
SMALL BUSINESS PROGRAM
2023
$20K
support of the Small Business Program
2023
$15K
PUBLIC, SOCIETAL BENEFIT
2023
$6K
IN FURTHERANCE OF GRANTEE'S TAX-EXEMPT PURPOSE
2023
$1K
VOLUNTEER INCENTIVE PROGRAM
2023
$250K
FINANCE JUSTICE FUND SUBGRANT
2022
$30K
SMALL BUSINESS PROGRAM
2022
$20K
SMALL DOLLAR LENDING
2022
$20K
General & Unrestricted
2022
$6K
GENERAL SUPPORT
2022
$4K
EMPLOYEE MATCHING
2022
$25K
SMALL BUSINESS PROGRAM
2021
$500
IN SUPPORT OF COMMUNITY CAPITAL NEW YORK'S MISSION TO CREATE A THRIVING, INCLUSIVE, AND EQUITABLE ECONOMY WHERE ALL PEOPLE HAVE ACCESS TO BUILD WEALTH AND PROSPERITY FOR THEMSELVES, THEIR FAMILIES AND COMMUNITIES.
2021
$100K
GRANT TO SUPPORT COVID-19 RELIEF EFFORTS IN THE GREATER NEW YORK AREA.
2020
$60K
RESILIENCE LOAN PROG
2020
$20K
SMALL BUSINESS PROGRAM
2020
$20K
Small Business Program
2020
$20K
SMALL BUSINESS PROGRAM
2019

Funded by

$943K from 13 funders · 24 grants · 2019–2024

Opportunity Finance Network

$500K · 2 grants · 2022–2024

Td Charitable Foundation

$125K · 5 grants · 2019–2023

The Goldman Sachs Foundation

$100K · 1 grant · 2020

Cba Fund

$80K · 2 grants · 2020–2022

Webster Bank Charitable Foundation

$80K · 4 grants · 2020–2024

National Philanthropic Trust

$15K · 1 grant · 2023

The Robert W Wilson Charitable Trust

$15K · 3 grants · 2020–2023

Details

EIN133544227
NTEE codeL82Z
Subsection03
Ruling date1993-11
Formed1989
Employees16
Volunteers15
COMMUNITY CAPITAL NEW YORK INC — Mission, Financials & Grants Received | Grantivo