Impact Capital
Impact Capital
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About this organization
Mission
We provide access to capital to low- and moderate-income communities in the Northwest.
About
Impact Capital manages two loan pools that provide loans to nonprofit organizations, housing authorities, and tribal entities, for the creation of affordable housing and community facilities. Affordable housing financed by Impact Capital services people typically at or below 80% of area median income. Community facilities provide access to services for low and moderate income people. Loans are used to fund property acquisition, predevelopment expenses, or to bridge permanent capital. These are often transactions that do not meet the risk profiles of traditional bank lenders. Impact Capital was created to provide access to capital and other resources for underserved communities. Our lending provides a foundation for new development that attracts public and private permanent financing and serves as a needed catalyst for development. We help build equitable communities with clean, safe affordable housing, and access to services including parks, schools, and vibrant commercial corridors. In 2019, Impact Capital closed $12,204,102 million in loans.
Interesting data from their 2020 990 filing
According to the filing, the non-profit's mission is “Impact capital is a community development financial institution that makes strategic loans in nonprofit organizations, tribal entities, and housing authorities to spur community development, including affordable housing, art and cultural centers, community facilities, and vibrant commercial districts. our work transforms distressed communities and neighborhoods into healthy ones - good places to live, work, do business, and raise families.”.
When referring to its actions, they were described as: “Leading catalyst in building and advocating for equitable, vibrant, and sustainable communities. we provide access to capital to low- and moderate-income communities in the northwest.”.
- According to the law, the state of operation reported by the non-profit is WA.
- As per the filing, the address of the non-profit for 2020 is 701 PIKE STREET, SEATTLE, WA, 98101.
- According to their form, the non-profit as of 2020 has a total of 8 employees.
- Is not a private foundation.
- Expenses are between $500,000 and $1,000,000+.
- Revenue is greater than $1,000,000.
- Revenue less expenses is $443,152.
- The organization has 12 independent voting members.
- The organization was formed in 1993.
- The organization pays $374,852 in salary, compensation, and benefits to its employees.
- The organization pays $26,817 in fundraising expenses.