Capital Impact Partners
Capital Impact Partners
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About this organization
Mission
Through capital and commitment, Capital Impact Partners helps people build communities of opportunity that break barriers to success.
About
Affordable housing. Capital Impact Partners bridges the gap between policy and development to improve the lives of low-income individuals. Capital Impact Partners' efforts in affordable homeownership are to build capacity and scale for long-term affordable housing. In 2019, Capital Impact Partners disbursed approximately $81.4 million to aid in the renovation or new construction of 14 housing complexes, creating 1,313 units of housing, approximately eighty-five percent of which were affordable. Additionally, Capital Impact Partners continued, in partnership with Invest Detroit, the Stay Midtown Program, which is a residential retention program that provides rental subsidies to current residents who earn between 30-80 percent of area median income. As of 2019, the Stay Midtown has enrolled 148 eligible households, helping them avoid displacement and retain affordable rental units in the Midtown Detroit area.
Interesting data from their 2020 990 filing
The filing clearly states the mission of the non-profit as “To provide financial services and technical support to cooperatives and other cooperative-like organizations targeted toward newer, less established organizations and underserved communities whose residents are disadvantaged, low income (continued on schedule o page 46) and/or elderly persons with special needs.”.
When outlining its functions, they were explained as: “See schedule 'o', page 47”.
- In compliance with legal regulations, the non-profit has reported their state of operation as DC.
- The filing records the non-profit's address for 2020 as 1400 CRYSTAL DRIVE 500, ARLINGTON, VA, 22202.
- As of 2020, the non-profit's form reports a total of 126 employees.
- Is not a private foundation.
- Expenses are greater than $1,000,000.
- Revenue is greater than $1,000,000.
- Revenue less expenses is $12,489,676.
- The organization has 11 independent voting members.
- The organization was formed in 1982.
- The organization pays $12,901,801 in salary, compensation, and benefits to its employees.
- The organization pays $690,416 in fundraising expenses.