Catalyst Community Capital Inc
- Assets
- $6.0m
- Revenue
- $693.4k
- Investments
- $0.0
- Employees
- 6
- Location
- Tampa, FL
- Founding
- 08/2019
- Data as of
- 12/2021
- EIN
- 83-2202198
Organization Overview
Catalyst Community Capital Inc is located in Tampa, FL. The organization was established in 2019. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Catalyst Community Capital Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Catalyst Community Capital Inc 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, Catalyst Community Capital Inc generated $693.4k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 27.6% each year . All expenses for the organization totaled $668.1k during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
CATALYST SUPPORTS ECONOMIC GROWTH AND REVITALIZES LOW-INCOME COMMUNITIES BY INCREASING THE FLOW OF CAPITAL TO SMALL BUSINESSES AND MISSION-DRIVEN DEVELOPERS AND ORGANIZATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LENDING: CATALYST PROVIDES REAL ESTATE ACQUISITION & CONSTRUCTION LOANS, SMALL BUSINESS AND MICROENTERPRISE LOANS, WORKING CAPITAL, TERM LOANS, AND BRIDGE LOANS TO ENSURE ITS BORROWERS HAVE THE RESOURCES NEEDED TO GROW THEIR BUSINESSES TO SUPPORT JOB CREATION/RETENTION AND INCREASED WAGES FOR RESIDENTS, EXPAND THE AVAILABILITY OF AFFORDABLE HOUSING, AND CREATE MUCH NEEDED COMMUNITY FACILITIES TO SERVE LOW-INCOME HOUSEHOLDS.
MICROENTERPRISE LOANS: CATALYST PARTNERS WITH LOCAL GOVERNMENT AGENCIES AND MUNICIPALITIES TO CREATE, DEVELOP, AND MANAGE VARIOUS FUNDING AND TECHNICAL ASSISTANCE PROGRAMS TO ADVANCE COMMUNITY AND ECONOMIC DEVELOPMENT GOALS. CATALYSTS PROACTIVELY EDUCATES THESE ENTITIES ON THE NEEDS OF ITS COMMUNITIES AND THE FINANCIAL RESOURCES AVAILABLE TO THEM TO FULFILL THESE NEEDS. IN CONJUNCTION WITH AGENCY STAFF MEMBERS AND ELECTED OFFICIALS, CATALYST CREATES SUSTAINABLE LOAN PROGRAMS THAT EFFICIENTLY DELIVER FUNDING WHILE SIMULTANEOUSLY ENSURING SUSTAINABILITY OF THE PROGRAM TO MAXIMIZE ITS IMPACT.
TECHNICAL ASSISTANCE AND MINORITY TRAINING: CATALYST'S TECHNICAL ASSISTANCE PLATFORM INCLUDES ITS MINORITY DEVELOPER MENTORSHIP & TRAINING PROGRAM ("MDMT"). THE PURPOSE OF MDMT IS TO EDUCATE MINORITY DEVELOPERS ON THE COMPREHENSIVE PROCESS OF REAL ESTATE DEVELOPMENT, INCLUDING SITE SELECTION, ZONING & PERMITTING, DESIGN, CONSTRUCTION MANAGEMENT AND FINANCIAL FORECASTING, HELPING TO BUILD CAPACITY FOR LOCAL MINORITY DEVELOPERS TO MEET THE NEED AND DEMAND FOR AFFORDABLE HOUSING IN THE TARGET MARKET. THE PROGRAM INCLUDES ONE-ON-ONE MEETINGS, BI-WEEKLY GROUP TRAININGS, AND NETWORKING EVENTS WITH LOCAL REAL ESTATE PROFESSIONALS. WHILE ALL MINORITY DEVELOPERS ARE WELCOME TO PARTICIPATE WHETHER OR NOT THEY ARE INTERESTED IN CATALYST'S FINANCING, MANY MDMT PARTICIPANTS DO BECOME BORROWERS FOR CATALYST'S AFFORDABLE HOUSING LOAN PROGRAM.ALONG WITH MDMT, CATALYST PROVIDES TECHNICAL ASSISTANCE THROUGH VARIOUS WORKSHOPS, INCLUDING AFFORDABLE HOUSING DEVELOPMENT COUNSELING SERVICES, THE SMALL BUSINESS SURVIVE & THRIVE SERIES, AND THE ECONOMIC DEVELOPMENT AND CAPACITY BUILDING WORKSHOP, WHICH ARE DISCUSSED IN MORE DETAIL IN THE DEVELOPMENT SERVICES SECTION BELOW.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Maguire Coo/ Chairman | OfficerTrustee | 30 | $38,405 |
Joseph Bonora Ceo/ Board Member | OfficerTrustee | 20 | $19,202 |
Bryan Simmering Board Member | Trustee | 2 | $0 |
Lanie Wasserman Board Member | Trustee | 2 | $0 |
Richard Freund Board Member | Trustee | 2 | $0 |
Tessa Lesage Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $83,300 |
| All other contributions, gifts, grants, and similar amounts not included above | $975 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $84,275 |
| Total Program Service Revenue | $208,786 |
| Investment income | $400,342 |
| 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 | $693,403 |
| 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. | $57,607 |
| Compensation of current officers, directors, key employees. | $14,402 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $14,787 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $5,120 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,521 |
| Fees for services: Accounting | $12,125 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $48,776 |
| Advertising and promotion | $14,401 |
| Office expenses | $0 |
| Information technology | $19,379 |
| Royalties | $0 |
| Occupancy | $39,465 |
| Travel | $279 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $325 |
| Interest | $422,957 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $8,828 |
| All other expenses | $0 |
| Total functional expenses | $668,084 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $127,321 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $78,924 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $4,743,095 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $990,000 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $100,577 |
| Total assets | $6,039,917 |
| Accounts payable and accrued expenses | $42,895 |
| 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 | $459,529 |
| Secured mortgages and notes payable | $4,845,386 |
| Unsecured mortgages and notes payable | $996,983 |
| Other liabilities | $286,905 |
| Total liabilities | $6,631,698 |
| Net assets without donor restrictions | $0 |
| 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 | -$591,781 |
| Total liabilities and net assets/fund balances | $6,039,917 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Catalyst Community Capital Inc has recieved totaling $900.
| Awarding Organization | Amount |
|---|---|
Td Charitable Foundation Falmouth, ME PURPOSE: NPTRF-ADVANCED TAX INCREMENT FINANCE COURSE, TAMPA, FL 11/06/19 | $900 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Metro Atlanta Host Committee Inc Atlanta, GA | $222,399 | $14,582,853 |
Tampa Bay Convention & Visitors Bureau Inc Tampa, FL | $9,049,029 | $16,723,785 |
South Alabama Regional Planning Commission Mobile, AL | $10,162,715 | $18,722,811 |
Discover Palm Beach County Inc West Palm Beach, FL | $6,257,115 | $17,672,568 |
Step Up Suncoast Inc Sarasota, FL | $3,209,226 | $16,919,808 |
Atlanta Convention & Vistors Bureau Inc Atlanta, GA | $20,280,984 | $17,066,911 |
Access To Capital For Entrepreneurs Inc Cleveland, GA | $88,796,114 | $11,013,240 |
The Miami-Dade Beacon Council Inc Miami, FL | $5,791,643 | $5,287,764 |
Sarasota Convention And Visitors Bureau Sarasota, FL | $1,250,974 | $4,640,700 |
Grove Park Foundation Inc Atlanta, GA | $25,190,874 | $3,791,912 |
Woodlawn Foundation Inc Birmingham, AL | $23,281,492 | $7,022,697 |
East Tampa Business And Civic Association Inc Tampa, FL | $6,775,919 | $3,764,186 |