Community Improvement & Capacity Building
Conncorp Llc
NEW HAVEN, CT
Total revenue
$7.4M
Total expenses
$4.8M
Net assets
$23.7M
Grants received
$1.4M
3 grants
EIN
823795053
Tax year
2024
Mission
To drive economic development and economic justice in impoverished communities (see sch o)our mission is to drive economic development and economic justice in impoverished communities by investing in local commercial and residential real estate, and minority-owned businesses.
Programs
3 programs
"economic impact lab - the lab has successfully partnered with quinnipiac university to establish a robust entrepreneurial training program, which graduated 40 clients this past year. The lab has also hosted ongoing business related seminars, and provided technical support through it's business incubator. The lab was also successful in obtaining a four million dollar sba grant, primarily to complete the renovation of two more floors to be used as incubator space to meet the growingdemand."
Conncat place on dixwell - conncorp has broken ground and started construction on the first building as part of a major mixed-use development. The development will include a training center, 184 units of housing, performing arts center, a grocery,various retail and a daycare center.
Conncorp is focused on economic development in new haven. Conncorp was designed to advance conncat's mission to provide opportunities to new haven's underserved residents. Additional key activities include the acquisition and revitalization of commercial properties as well as investment in new and existing local community-based businesses. Conncorp also seeks to attract businesses to new haven and, ultimately, to catalyze and support a place-based impact investing ecosystem in the city.
Financials
FY 2024
Revenue
Expenses
People
17 listed
ERIK CLEMONS
CEO / PRESIDENT & SECRETAR
$471K
20 hrs/wk
ANNA BLANDING
CIO
$262K
40 hrs/wk
PAUL MCCRAVEN
VICE PRESIDENT
$170K
40 hrs/wk
ANDREW ASCHETTINO
CFO
$129K
40 hrs/wk
NINA SILVA
BOARD DIRECTOR
—
1 hrs/wk
BRIDGET D'ANGELO
BOARD DIRECTOR
—
1 hrs/wk
MALCOLM ELLIS
BOARD DIRECTOR
—
1 hrs/wk
KIM HARRIS
BOARD DIRECTOR
—
1 hrs/wk
MILES LASATER
BOARD DIRECTOR
—
1 hrs/wk
JESSE PHILLIPS
BOARD DIRECTOR
—
1 hrs/wk
CARLTON L HIGHSMITH
BOARD CHAIR / TREASURER
—
3 hrs/wk
ALAN BOWIE
BOARD DIRECTOR
—
1 hrs/wk
GIDEON GEBREYESUS
VP OF FOOD SERVICES
$119K
40 hrs/wk
ANDREA TAYLOR
HR DIRECTOR
$112K
40 hrs/wk
JAHKEEVA K MORGAN
DIRECTOR OF THE LAB
$109K
40 hrs/wk
IAN WILLIAMS
VP OF HOUSING
$108K
40 hrs/wk
ELAINE ROPER
VP OF CULTURE AND COMMUNITY
$101K
40 hrs/wk
Grants received
Showing 3 of 3
Funded by
$1.4M from 2 funders · 3 grants · 2022–2023
$1.1M · 2 grants · 2022–2023
$250K · 1 grant · 2023