Community Capital New York, Inc.
Community Capital New York, Inc.
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About this organization
Mission
Community Capital New York believes in a thriving, inclusive and equitable economy where all people have the opportunity to build wealth and prosperity for their families, businesses and communities. We exist to drive capital and resources in Westchester and the Hudson Valley to individuals, small businesses and affordable housing developers excluded from current systems.
About
See Schedule O - Small business lending and technical assistance. Community Capital began working with small business owners in 2003 and received SBA certification to offer micro loans in 2007. Since then, Community Capital has made almost $6 million in loans to over 250 businesses and has emerged as the largest not for profit lender in the Hudson Valley. Most of our small business clients are low to moderate income women and entrepreneurs of color who have had difficulty accessing capital from traditional banks to grow their businesses. At Community Capital, we work to identify the best solutions for each individual business owner. We offer fair, transparent loans and lines of credit with flexible rates and terms. Borrowers also receive free, on-going financial coaching, one-on-one consulting and business training services to ensure sustainable results. In the fiscal year ending June 30, 2019, Community Capital's small business micro loan portfolio was valued at $1,330,675. Furthermore, in FY2019 alone it committed over 9,400 hours to the provision of business training, business plan review, workshops, networking and mentoring. Community Capital is proud to report that after four years in business, 87% of its loan clients are still in business as compared to the SBA reported national average of 50%. We believe that these outcomes are a direct result of the high quality, free business training programs that not only enable its clients to succeed, but thrive.
Interesting data from their 2020 990 filing
According to the filing, the non-profit's mission is “Community capital is a nonprofit lender that has revitalized communities and transformed lives in the mid-hudson valley, bronx and fairfield county, ct for 30 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, the development of affordable homes so that all residents can be stakeholders in a more inclusive economy.”.
When referring to its actions, they were described as: “Community capital is a nonprofit lender that has revitalized communities and transformed lives in the mid-hudson valley, bronx and fairfield county, ct for 30 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, the development of affordable homes so that all residents can be stakeholders in a more inclusive economy.”.
- According to the law, the state of operation reported by the non-profit is NY.
- As per the filing, the address of the non-profit for 2020 is 44 EXECUTIVE BLVD NO 203, ELMSFORD, NY, 10523.
- According to their form, the non-profit as of 2020 has a total of 9 employees.
- Is not a private foundation.
- Expenses are greater than $1,000,000.
- Revenue is greater than $1,000,000.
- Revenue less expenses is $9,608.
- The organization has 16 independent voting members.
- The organization was formed in 1989.
- The organization pays $661,161 in salary, compensation, and benefits to its employees.
- The organization pays $45,227 in fundraising expenses.
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