Program areas at Three Roots Capital
Loan and investment programs - Three Roots Capital makes loans and investments to qualified companies and projects in underserved and distressed areas of east Tennessee and broader southern and central appalachia. In addition to satisfying underwriting requirements, companies and projects must provide a measurable positive community impact or outcome. These activities generally are focused on job creating small business, place making commercial real estate projects, or affordable housing.
Capital services - Three Roots Capital provides professional services to impact-focused and community development focused private equity and venture Capital funds. This activiity includes administration, business development, compliance, due diligence, portfolio management, and reporting.
Business coaching - Three Roots Capital provides business coaching to client companies and community partners through technical assistance, mentorship, coaching, and other engagement activities.
Personnel at Three Roots Capital
| Name | Title | Compensation | Date of data |
|---|
| Grady Vanderhoofven | President and Chief Executive Officer | $338,825 | 2022-12-31 |
| Melissa G. Muendel, PH.D. | Chief Financial Officer | | 2021-05-26 |
| Shawn Began | Director | | 2021-05-26 |
| Linda Nyholm | Operations Manager | | 2021-05-26 |
| Chris Worked | Portfolio Manager | | 2021-05-26 |
| ...and 6 more key personnel |
Financials for Three Roots Capital
| Revenues | FYE 12/2022 | FYE 12/2021 | % Change |
|---|
| Total grants, contributions, etc. | $1,182,062 | $1,166,084 | 1.4% |
| Program services | $2,276,248 | $1,942,235 | 17.2% |
| Investment income and dividends | $4,956 | $1,879 | 163.8% |
| 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 | $0 | - |
| Total revenues | $3,463,266 | $3,110,198 | 11.4% |
Organizations like Three Roots Capital
| Organization | Type | Location | Revenue |
|---|
| East Central Planning and Development District (ECPDD) | 501(c)(3) | Newton, MS | $9,238,918 |
| Fairfax Renaissance Development Corporation | 501(c)(3) | Cleveland, OH | $3,335,655 |
| New Kensington Community Development Corporation | 501(c)(3) | Philadelphia, PA | $3,789,688 |
| Maryland Rural Development Corporation | 501(c)(3) | Annapolis, MD | $9,659,102 |
| Greater Auburn-Gresham Development Corporation | 501(c)(3) | Chicago, IL | $8,248,455 |
| Camden Community Partnership | 501(c)(3) | Camden, NJ | $5,252,503 |
| Quaboag Valley Community Development Corporation | 501(c)(3) | Ware, MA | $1,035,215 |
| Fulton County Center for Regional Growth | 501(c)(3) | Gloversville, NY | $896,440 |
| The North Eastern Strategic Alliance | 501(c)(3) | Florence, SC | $2,073,462 |
| Perry Economic Development | 501(c)(3) | Perry, IA | $1,890,621 |
Data update history
October 8, 2023
Posted financials
Added Form 990 for fiscal year 2022
June 21, 2023
Posted financials
Added Form 990 for fiscal year 2020
June 14, 2023
Posted financials
Added Form 990 for fiscal year 2021
June 1, 2023
Updated personnel
Identified 1 new personnel
August 23, 2021
Posted financials
Added Form 990 for fiscal year 2019
Nonprofit Types
Public sector nonprofitsBusiness and community development organizationsCharities
Issues
Community improvementEconomic development
Characteristics
State / local levelReceives government fundingTax deductible donations
General information
- Address
- 12640 Kingston Pike
- Knoxville, TN 37934
- Metro area
- Knoxville, TN
- County
- Knox County, TN
- Website URL
- 3rootscapital.org/Â
- Phone
- (865) 220-1710
IRS details
- EIN
- 62-1624472
- Fiscal year end
- December
- Taxreturn type
- Form 990
- Year formed
- 1995
- Eligible to receive tax-deductible contributions (Pub 78)
- Yes
Categorization
- NTEE code, primary
- S31: Urban, Community Economic Development
- NAICS code, primary
- 926110: Economic Development Corporations and Economic Program Organizations
- Parent/child status
- Independent
Free account sign-up
Want updates when Three Roots Capital has new information, or want to find more organizations like Three Roots Capital?
Create free Cause IQ account