Capital Certified Development Corporation
- Assets
- $10.3m
- Revenue
- $7.9m
- Investments
- $0.0
- Employees
- 36
- Location
- Austin, TX
- Founding
- 08/1993
- Data as of
- 09/2022
- EIN
- 74-2670381
Organization Overview
Capital Certified Development Corporation, operating under the name Capital CDC, is located in Austin, TX. The organization was established in 1993. According to its NTEE Classification (W60) the organization is classified as: Financial Institutions, under the broad grouping of Public & Societal Benefit and related organizations. As of 09/2022, Capital CDC employed 36 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Capital CDC 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 09/2022, Capital CDC generated $7.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.0% each year. All expenses for the organization totaled $6.8m during the year ending 09/2022. While expenses have increased by 6.2% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE ECONOMIC DEVELOPMENT BY FACILITATING SBA 504 LOANS AND OTHER PROGRAMS FOR SMALL BUSINESSES
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PROVIDES ACCESS TO THE SBA 504 LOAN PROGRAM TO ALL SMALL BUSINESSES IN TEXAS AND NEW MEXICO. THE PROGRAM ASSISTS SMALL BUSINESSES WITH LONG-TERM, FIXED ASSET FINANCING AT INTEREST RATES COMPARABLE TO COMMERCIAL PAPER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Harry Leach Jr Business Development Region Manager | 40 | $367,163 | |
Thomas Braasch Executive Director | Officer | 40 | $334,808 |
Amy Joseph Business Development Region Manager | 40 | $308,331 | |
Paula Dean Director Of Finance And Administration | 40 | $225,879 | |
Jason Bigham Business Development Region Manager | 40 | $188,831 | |
Matt Mccollum Credit Director | 40 | $163,657 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $7,836,095 |
| Investment income | $12,945 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,851,539 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $349,980 |
| Compensation of current officers, directors, key employees. | $174,990 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,351,597 |
| Pension plan accruals and contributions | $170,607 |
| Other employee benefits | $390,216 |
| Payroll taxes | $291,398 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,415 |
| Fees for services: Accounting | $73,554 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $137,164 |
| Office expenses | $151,683 |
| Information technology | $99,215 |
| Royalties | $0 |
| Occupancy | $221,589 |
| Travel | $84,418 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $12,058 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $131,103 |
| Insurance | $51,893 |
| All other expenses | $0 |
| Total functional expenses | $6,806,990 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $482,550 |
| Savings and temporary cash investments | $4,854,535 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,763,442 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $2,354,799 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $336,243 |
| Net Land, buildings, and equipment | $521,487 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $18,426 |
| Total assets | $10,331,482 |
| Accounts payable and accrued expenses | $1,200,063 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $306,277 |
| Total liabilities | $1,506,340 |
| Net assets without donor restrictions | $8,825,142 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $10,331,482 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Capital Certified Development Corporation Austin, TX | $10,331,482 | $7,851,539 |
Brazos Student Finance Corporation Waco, TX | $111,165,594 | $4,506,585 |
Trans Texas Southwest San Angelo, TX | $44,278,686 | $2,099,854 |
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Louisiana Finance Corporation For Handicapped Citizens Haughton, LA | $348,535 | $145,465 |
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Ark La Tex Investment & Development Corporation Bossier City, LA | $4,194,236 | $38,731 |