named programs · 3 · from sources
What they call their work
9-Week Business Planning Course
Intensive training program covering business planning, bookkeeping, marketing, financial management, and legal issues for aspiring and existing small business owners
ACES Incubator
Provides flexible office space, shared resources, and technical assistance to small businesses, with a focus on women, minorities, and low-income entrepreneurs in Albany, NY
Training & Technical Assistance Program
Offers workshops, coaching, and resources to support business development and financial literacy for entrepreneurs and nonprofit organizations
activities · 6 groups
What they do
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Impact Investing Knowledge & Technology Platforms 1 activity
- Coordinating the Emerging Investors NetworkCoordinates the Emerging Investors Network program to engage new investors in community development finance.
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Startup Acceleration & Business Growth Support 1 activity
- Delivering business and nonprofit leadership training programsOffers a 9-week intensive business planning course and other training programs covering business plan development, financial management, marketing, legal issues, and digital marketing. Provides instruction and one-on-one support to entrepreneurs and nonprofit leaders during and after courses to advance their projects.
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Interest-Free Loan and Grant Support 1 activity
- Funding community and economic development through pooled investmentsProvides capital for community and economic development by re-lending pooled investments and donations from over 450 individuals and institutions, connecting socially concerned investors with local entrepreneurs and community projects.
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Facility-Based Service Delivery 1 activity
- Operating a small business incubator with expanded community facilitiesOperates a small business incubator in Albany, NY, offering furnished office suites and shared amenities. The ACES incubator is being expanded to include 15 new office suites, 4 storefronts, a training center, a drop-in daycare, and 38 affordable housing units, supported in part by $100,000 from the National Grid CleanTech Incubator Program.
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Small Business and Nonprofit Lending 1 activity
- Providing low-interest loans for community and economic developmentMakes affordable, low-interest loans to nonprofit organizations, small businesses, and low-to-moderate-income individuals for community development, affordable housing, economic development, and business startups. The organization has financed over 1,000 community projects since 1985, including 322 businesses owned by women and minorities, and has loaned over $61 million while leveraging over $215 million in total economic development investment across eleven counties in New York State.
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Uncategorized 1 activity
- Operating an online entrepreneur learning platformProvides free online training courses delivered in short, accessible lessons via phone or laptop, featuring progress tracking, quizzes, reference materials, and live expert support. Hosted 69 new users in the past year with an average engagement time of 80 minutes per user.
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financials · form 990 · fy2023
revenue
Total revenue$2.82M
Contributions & grants$1.89M67%
Program service revenue$709K25%
Investment income$213K8%
Other revenue$0
expenses
Total expenses$2.70M
Program expenses93%
Admin / overhead7%
Fundraising0%
Salaries & benefits$1.07M
Grants paid out$1.29M
Largest expense lineCompensation
balance sheet
Total assets$26.90M
Cash$13.28M
Investments$0
Liabilities$12.89M
Net assets$14.01M
Liquid reserves58.9 mo
4 years on record · 2020–2023 · YoY revenue +17.5%
leadership · form 990 part vii · fy2023
Who runs it
paid leadership · 1
| Name | Title | Hours/wk | Compensation |
|---|---|---|---|
| LINDA MACFARLANE | EXECUTIVE DI | 40 | $125K |
board members · 13
- AVERELL HILTON — DIRECTOR
- BENJAMIN OEVERING — DIRECTOR
- BRYCE CUTLER — TREASURER
- ERIC DAHL — DIRECTOR
- FERMIN MENDEZ — DIRECTOR
- JOHN STAUGAITIS — DIRECTOR
- KAREN MAXWELL — SECRETARY
- KENNETH BRUCE — DIRECTOR
- KEVIN CATALANO — DIRECTOR
- PATRICK GUNTY — PRESIDENT
- TANYA HULL — VICE PRESIDE
- TELBERT FORDE — DIRECTOR
- TRENT GRIFFIN-BRAAF — DIRECTOR
relationships · 17
Who they work with
- Albany Black Chamber of Commerce Partner — Collaborated with the Community Loan Fund on the Groundwork Series: From Vision to Viable Business.
- Albany Center for Economic Success Partner — Shares staff accounting and financial oversight functions.
- Bliss Juice.Smoothie.Self Partner — Received initial funding from the Community Loan Fund to launch the business.
- Capital Region Chamber's BIPOC Business Growth Initiative Partner — Collaborated with the Community Loan Fund on the Groundwork Series: From Vision to Viable Business.
- Coiled Partner — Supported through Community Loan Fund's lending activities.
- EDUpreneur Partner — Collaborates with EDUpreneur for course profile setup and technology access
- Green Sugar Leaf Farms Partner — Partnered with the Community Loan Fund for patient and supportive financing during the business development process.
- Interfaith Partnership for the Homeless Partner — Collaborates with the Community Loan Fund to provide permanent housing for individuals experiencing long-term homelessness.
- JPMorgan Chase Partner — Partnered with the Community Loan Fund to create Edupreneur, the organization's online training program.
- National Grid Funder — Provided $100,000 through the CleanTech Incubator Program to support the ACES incubator expansion.
- Pursuit Partner — Collaborated with the Community Loan Fund on the Groundwork Series: From Vision to Viable Business.
- Quality Stars NY Partner — Partners with Quality Stars NY to support scholarship eligibility and meet education standards for childcare professionals.
- Refugee Welcome Center Partner — Supported through Community Loan Fund's lending activities.
- Tangent Web Services Partner — Web design and hosting partner for the organization's website.
- U.S. Department of the Treasury Government — Complies with U.S. Department of Treasury policies and is subject to federal non-discrimination requirements administered by the department.
- U.S. Department of the Treasury Government — Subject to federal non-discrimination requirements under U.S. Department of Treasury policy.
- U.S. Department of the Treasury Government — Subject to federal non-discrimination requirements under U.S. Department of the Treasury policy.
strategies · 2
How they approach the work
Named approaches extracted from this org’s sources. Where others share an approach, follow it to see the full set of orgs running it.
- Equity-Targeted Lending to Close Capital Gapsmethodology: equity-focused_lendingBy directing low-interest loans specifically to women-, minority-, and low-income-owned businesses, we promote equitable economic development because systemic barriers have historically limited access to capital for these entrepreneurs.
- Integrated Financing and Capacity Building for Equitable Economic Developmentmethodology: integrated_financing_and_assistanceBy combining affordable financing with technical assistance, business training, and mentoring, we increase the success and sustainability of small businesses in underserved communities because access to capital alone is insufficient without foundational business skills and ongoing support.