EIN 22-2706505

Community Loan Fund of the Capital Region

IRS 501(c) type
501(c)(3)
Num. employees
15
City
Year formed
1985
Most recent tax filings
2023-12-01
NTEE code, primary
Description
Community Loan Fund of the Capital Region links socially concerned investors with community needs by making affordable housing, community and economic development loans to nonprofit organizations, small businesses, and low/moderate income individuals. The organization provides community and economic development loans as well as technical assistance to nonprofit organizations, social enterprises, small businesses, micro-enterprises, and low-moderate income individuals. Community Loan Fund of the Capital Region is located in Albany, NY.
Total revenues
$2,816,861
2023
Total expenses
$2,704,077
2023
Total assets
$26,895,511
2023
Num. employees
15
2023

Program areas at Community Loan Fund of the Capital Region

Provide Community and economic development loans and technical assistance to nonprofit organizations, social enterprises, small businesses, micro enterprises and low-moderate income individuals.

Grants made by Community Loan Fund of the Capital Region

GranteeGrant descriptionAmount
Affordable Housing Partnership of the Capital RegionConstr Solar Panels$725,572
Albany Center for Economic SuccessConstruction Project$213,085
Albany Community Land TrustAffordable Housing$64,151
...and 2 more grants made

Who funds Community Loan Fund of the Capital Region

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Advance Albany County Alliance Local Development CorporationTo Provide Direct Assistance for Small Businesses.$500,000
Opportunity Finance Network (OFN)Finance Justice Fund Subgrant$100,000
Massry Charitable FoundationGeneral$25,000
...and 11 more grants received

Personnel at Community Loan Fund of the Capital Region

NameTitleCompensation
Linda MacFarlaneExecutive Director$125,027
Ruth KasselDirector of Operations
Michael MartinDirector of Community Relations and Development
Willow OlsonPortfolio Manager and Cybersecurity Officer
Tanya HullVice President$0
...and 9 more key personnel

Financials for Community Loan Fund of the Capital Region

RevenuesFYE 12/2023
Total grants, contributions, etc.$1,894,438
Program services$709,439
Investment income and dividends$212,984
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$2,816,861

Form 990s for Community Loan Fund of the Capital Region

Fiscal year endingDate received by IRSFormPDF link
2023-122024-09-18990View PDF
2022-122023-08-03990View PDF
2021-122022-10-11990View PDF
2020-122021-07-06990View PDF
2019-122020-09-03990View PDF
...and 9 more Form 990s

Organizations like Community Loan Fund of the Capital Region

OrganizationLocationRevenue
Working Solutions CdfiSan Francisco, CA$6,684,587
Rural Missouri IncorporatedJefferson City, MO$3,116,015
South Carolina Community Loan FundCharleston, SC$6,646,393
Initiative FoundationLittle Falls, MN$10,031,903
Leech Lake Financial ServicesCass Lake, MN$789,469
Washington Area Community Investment FundWashington, DC$7,616,507
Economic and Community Development Institute (ECDI)Columbus, OH$13,823,454
Credit Builders AllianceWashington, DC$4,747,116
Grow South Dakota / Northeast South Dakota Economic CorporationSisseton, SD$1,331,875
Seattle Economic Development Fund Business Impact NWTukwila, WA$6,779,426
Data update history
November 2, 2024
Posted financials
Added Form 990 for fiscal year 2023
November 2, 2024
Updated personnel
Identified 9 new personnel
October 20, 2024
Received grants
Identified 2 new grant, including a grant for $15,000 from The McCarthy Charities
July 15, 2024
Received grants
Identified 5 new grant, including a grant for $20,000 from The Bank of America Charitable Foundation
October 24, 2023
Received grants
Identified 1 new grant, including a grant for $25,000 from TD Charitable Foundation
Nonprofit Types
Grantmaking organizationsBusiness and community development organizationsCharities
Issues
Human servicesCommunity improvementHousingEconomic development
Characteristics
State / local levelReceives government fundingTax deductible donationsAccepts online donations
General information
Address
255 Orange St
Albany, NY 12210
Metro area
Albany-Schenectady-Troy, NY
County
Albany County, NY
Website URL
mycommunityloanfund.org/ 
Phone
(518) 436-8586
IRS details
EIN
22-2706505
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1985
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
S30: Economic Development
NAICS code, primary
522120: Savings Institutions
Parent/child status
Independent
Free account sign-up

Want updates when Community Loan Fund of the Capital Region has new information, or want to find more organizations like Community Loan Fund of the Capital Region?

Create free Cause IQ account