Program areas at The Capital Good Fund
2022 was an amazing year: we set records for loan volume, loans outstanding, earned income, and total assets; expanded into three new states (nj, ct, and ga); maintained phenomenal portfolio performance; and continued to be a leader in The fight to use financial services to address poverty and mitigate climate change. Loan volume increased 62%, from $5.36 million originated in 2021 to $8.7 million in 2022 loan portfolio outstanding increased 68%, from $7.44 million to $12.48 million earned income increased 28%, from $941,000 to $1.21 million assets increased by 33%, from $12.96 million to $17.25 millionwe are so proud of what we continue to accomplish year after year for The communities and families we serve. While we say this every year, it is as true as ever: The best is undoubtedly yet to come.
In 2022 Capital Good Fund graduated over 65 families from our nationally recognized, one-on-one financial and health coaching program, covering topics like budgeting, banking, savings, debt, and healthy eating on a budget.
Who funds The Capital Good Fund
Grants from foundations and other nonprofits
Personnel at The Capital Good Fund
Name | Title | Compensation | Date of data |
---|
Andrew Posner | Chief Executive Officer | $95,000 | 2023-06-06 |
Aisha Bussey | Chief Business Officer | $128,125 | 2022-12-31 |
Libby Kimzey | Co - Chair | $0 | 2023-11-28 |
Aaron Jay Fossett | Treasurer | $0 | 2022-12-31 |
Betsy Harris | Chair | $0 | 2022-12-31 |
...and 5 more key personnel |
Financials for The Capital Good Fund
Revenues | FYE 12/2022 | FYE 12/2021 | % Change |
---|
Total grants, contributions, etc. | $4,512,079 | $5,268,536 | -14.4% |
Program services | $1,211,410 | $941,415 | 28.7% |
Investment income and dividends | $0 | $0 | - |
Tax-exempt bond proceeds | $0 | $0 | - |
Royalty revenue | $0 | $0 | - |
Net rental income | $0 | $0 | - |
Net gain from sale of non-inventory assets | $0 | $0 | - |
Net income from fundraising events | $0 | $0 | - |
Net income from gaming activities | $0 | $0 | - |
Net income from sales of inventory | $0 | $0 | - |
Miscellaneous revenues | $0 | $9,658 | -100% |
Total revenues | $5,723,489 | $6,219,609 | -8% |
Organizations like The Capital Good Fund
Organization | Type | Location | Revenue |
---|
Cook Inlet Lending Center | 501(c)(3) | Anchorage, AK | $2,983,120 |
Institute Capital | 501(c)(3) | Durham, NC | $2,867,118 |
NACDC Financial Services | 501(c)(3) | Browning, MT | $2,671,836 |
Community Housing Capital (CHC) | 501(c)(3) | Decatur, GA | $11,518,951 |
Washington Area Community Investment Fund | 501(c)(3) | Washington, DC | $9,086,978 |
Credit Builders Alliance | 501(c)(3) | Washington, DC | $5,600,497 |
Carolina Small Business Development Fund | 501(c)(3) | Raleigh, NC | $6,416,650 |
Landmarks Community Capital Corporation | 501(c)(3) | Pittsburgh, PA | $2,614,691 |
Ohio Community Development Finance Fund | 501(c)(3) | Columbus, OH | $9,454,085 |
Michigan Community Capital | 501(c)(3) | Lansing, MI | $4,447,895 |
Data update history
November 23, 2023
Updated personnel
Identified 9 new personnel
August 20, 2023
Received grants
Identified 19 new grant, including a grant for $2,300,000 from Social Capital Fund August 15, 2023
Posted financials
Added Form 990 for fiscal year 2021
August 2, 2023
Posted financials
Added Form 990 for fiscal year 2022
Nonprofit Types
Business and community development organizationsHeadquarter / parent organizationsCharities
Issues
Community improvement
Characteristics
Tax deductible donations
General information
- Address
- 333 Smith St
- Providence, RI 02908
- Metro area
- Providence-Warwick, RI-MA
- County
- Providence County, RI
- Website URL
- capitalgoodfund.org/about-us/our-team/Â
- Phone
- (866) 584-3651
IRS details
- EIN
- 80-0348382
- Fiscal year end
- December
- Taxreturn type
- Form 990
- Year formed
- 2009
- Eligible to receive tax-deductible contributions (Pub 78)
- Yes
Categorization
- NTEE code, primary
- S20: Community, Neighborhood Development, Improvement
- NAICS code, primary
- 522120: Savings Institutions
- Parent/child status
- Central organization
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