Capital One Community Development Corporation Ii
- Assets
- $12.4m
- Revenue
- $388.0
- Investments
- $0.0
- Employees
- 0
- Location
- New Orleans, LA
- Founding
- 11/1996
- Data as of
- 12/2021
- EIN
- 72-1321970
Organization Overview
Capital One Community Development Corporation Ii is located in New Orleans, LA. The organization was established in 1996. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Capital One Community Development Corporation Ii is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Capital One Community Development Corporation Ii generated $388.0 in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (60.1%) each year. All expenses for the organization totaled $122.2k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION'S PRIMARY CHARITABLE PURPOSE IS TO PROVIDE LOW AND MODERATE INCOME PERSONS AND FAMILIES WITH ACCESS TO AFFORDABLE HABITABLE HOME OWNERSHIP OPPORTUNITIES BY PROVIDING LINES-OF-CREDIT TO AFFORDABLE HOUSING DEVELOPERS TO EITHER REHABILITATING DILAPIDATED HOUSING OR BUILDING NEW HOUSING AND OFFER THESE HOMES FOR SALE TO QUALIFIED LOW AND MODERATE INCOME PERSONS AND FAMILIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stacey Cooper President | 2 | $0 | |
Mariadele Priest Treasurer | 2 | $0 | |
Michael Passaretti Secretary | 2 | $0 | |
Lydia Jackson Vice Preside | 2 | $0 | |
James Nicholas Director | 2 | $0 | |
Michelle Whetten Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $388 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $388 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $0 |
| Contributions, gifts, grants paid | $122,200 |
| Total expenses and disbursements | $122,200 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $12,373,993 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $12,373,993 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $12,250,000 |
| Total liabilities | $12,250,000 |
Grants Awarded
Over the last fiscal year, Capital One Community Development Corporation Ii has awarded $122,200 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Columbia, MD PURPOSE: LOAN CLOSING FUNDS | $91,600 |
New Orleans, LA PURPOSE: DONATION | $30,600 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Houston Endowment Inc Houston, TX | $2,683,938,862 | $265,655,014 |
J E And L E Mabee Foundation Inc Midland, TX | $754,241,961 | $130,151,698 |
Rainwater Charitable Foundation Fort Worth, TX | $856,887,520 | $46,265,349 |
Kinder Foundation Houston, TX | $141,449,180 | $60,608,944 |
Rees-Jones Foundation Dallas, TX | $0 | $116,553,438 |
Meadows Foundation Incorporated Dallas, TX | $777,502,701 | $134,484,682 |
Rob And Melani Walton Foundation Bentonviille, AR | $541,056,642 | $120,568,910 |
Amon G Carter Foundation Fort Worth, TX | $464,730,205 | $54,557,293 |
Wend Ii Inc Bentonville, AR | $174,655,774 | $207,303,582 |
Ila-West Gulf Maritime Association Inc Royalty Trust Fund No 1 Houston, TX | $56,716,364 | $36,179,083 |
David Weekley Family Foundation Houston, TX | $132,693,267 | $39,507,010 |
T L L Temple Foundation Lufkin, TX | $464,501,486 | $44,070,137 |