irs program accomplishments · form 990 part iii · fy2023
What they reported doing
- #1 primary $882KA TOTAL OF 5,798 HOURS OF TRAINING AND COUNSELING WAS PROVIDED TO 956 CLIENTS IN ADDITION TO 39 WORKSHOPS FOR A TOTAL OF 95.5 HOURS PRESENTED TO 1,798 ATTENDEES, IN FY 2024.
named programs · 7 · from sources
What they call their work
AC Immigrant Heritage Week Awards
Annual recognition program celebrating the contributions of immigrant entrepreneurs in New York City.
AC Voices
Client speaker bureau that connects successful Accompany Capital clients with events and panels to share their entrepreneurial journeys.
Home Buying Programs
Offers financial counseling, down payment assistance, and homebuyer education workshops to support first-time homebuyers in New York City.
Leonid Ostrovsky Lending Fellowship
12-month early-career fellowship offering on-the-job training in small business lending, underwriting, and community outreach for candidates interested in serving immigrant and refugee entrepreneurs.
Refugee IDA Savings Program
Administers Individual Development Accounts (IDA) for refugees and asylees, offering matched savings for goals like small business development, education, and homeownership after completing financial literacy training.
Term Life and AD&D Insurance
Provides free LifeGuard term life and accidental death & dismemberment insurance coverage to clients with loans over $10,000, underwritten in partnership with Resilient.
Workshops & Webinars
Hosts educational sessions on entrepreneurship, financial literacy, and homebuying for clients and the broader community.
activities · 8 groups
What they do
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Small Business and Nonprofit Lending 4 activities
- Facilitating employee ownership transitionsProvides financing and advisory support to enable long-term employees to purchase businesses from retiring owners. Examples include supporting Raphael Correa’s acquisition of Zecca Glass and two retired nurses’ purchase of Fancy 93 Cleaners, preserving local businesses under new ownership.
- Providing small business loans and microloansOffers a range of small business loans, including microloans from $1,000 to $50,000, Quick-Action Short-Term Loans, SBA-guaranteed loans ($100,000–$350,000), revenue-based financing through the NYC Future Fund ($25,000–$150,000), and targeted loans for childcare providers ($5,000–$25,000). In FY 2024, deployed 201 new loans totaling $11,793,317 to micro and small businesses in New York City.
- Refinancing high-cost debt for small business ownersProvides loan refinancing services, including reducing taxi medallion loan balances from up to $650,000 to $95,000. In one year, refinanced 14 such loans totaling $1.67 million.
- Supporting immigrant and refugee entrepreneursProvides tailored financial products and services to immigrant and refugee business owners, including multilingual support and culturally competent advising. In FY 2023, 73% of loans went to immigrants and 14% to refugees; served clients from 63 countries.
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Mentorship and Professional Development Programs 1 activity
- Delivering early-career lending fellowshipsRuns the Leonid Ostrovsky Lending Fellowship, a 12-month early-career program that provides on-the-job training in small business lending for immigrants and refugees.
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Women's Microenterprise and Livelihood Development 1 activity
- Expanding access to capital for women entrepreneursOffers targeted lending, peer networking, tools, and training specifically designed to address challenges faced by women entrepreneurs in New York. In FY 2024, 43% of loans went to women.
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Women Entrepreneurs Grant Programs 1 activity
- Funding environmentally sustainable business upgradesAwards grants through the Sustainable Business Program to support energy-efficient and environmentally friendly improvements in small businesses. Awarded $125,772 in grants for such purposes.
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Death Benefit Payments to Members 1 activity
- Offering no-cost life and AD&D insurance to borrowersProvides Term Life and Accidental Death & Dismemberment (AD&D) insurance at no cost to clients, covering premiums for the duration of their loan.
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Financial Coaching and Credit Counseling 1 activity
- Providing credit-building services and financial coachingOffers credit-building loans up to $2,000, free financial literacy workshops, and guidance on correcting credit report errors and disputing inaccuracies. Includes education on AI in credit reporting and repair.
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First-Time Homebuyer Support Services 1 activity
- Supporting first-time home ownership for refugees and asyleesAdministers the Refugee Individual Development Account (IDA) program, offering matched savings accounts where every dollar saved is matched with a grant upon completion of financial literacy training. Also offers the HomeFirst Down Payment Assistance Program. Supported over 1,700 refugees through IDA, investing over $24 million in home ownership, education, and small businesses.
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Uncategorized 2 activities
- Creating and retaining jobs through small business financingFinancing activities have led to measurable job creation and retention. In FY 2024, supported the creation of 145 full-time jobs and retention of 1,098 positions; in FY 2023, supported creation of 269 jobs and retention of 1,107 jobs.
- Delivering business and financial literacy trainingConducts workshops and provides one-on-one counseling on topics including business development, financial management, credit building, digital marketing, QuickBooks, and business taxes. In FY 2024, provided 5,798 hours of training and counseling to 956 clients and conducted 39 workshops with 1,798 attendees; in FY 2023, hosted 44 online workshops reaching 2,172 attendees.
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financials · form 990 · fy2023
revenue
Total revenue$7.09M
Contributions & grants$5.74M81%
Program service revenue$1.24M17%
Investment income$111K2%
Other revenue$0
expenses
Total expenses$4.80M
Program expenses75%
Admin / overhead20%
Fundraising5%
Salaries & benefits$2.12M
Grants paid out$1.26M
Largest expense lineCompensation
balance sheet
Total assets$21.63M
Cash$7.74M
Investments$12.80M
Liabilities$9.40M
Net assets$12.23M
Liquid reserves51.4 mo
4 years on record · 2020–2023 · YoY revenue +93.0%
leadership · form 990 part vii · fy2023
Who runs it
paid leadership · 2
| Name | Title | Hours/wk | Compensation |
|---|---|---|---|
| YANKI TSHERING | EXECUTIVE DIRECTOR | 40 | $219K |
| MARIA PAULINO | LOAN OFFICER | 40 | $110K |
board members · 10
- CAROLINA SIMON — BOARD MEMBER
- DAVE SIDHU — BOARD MEMBER
- JOAN CARTY — BOARD MEMBER
- KATE HAO — BOARD MEMBER
- KWAME MARFO — BOARD CHAIR
- LAURENCE RUBENSTEIN — BOARD MEMBER
- MICHELLE DANSO — SECRETARY
- PETER BREAST — BOARD MEMBER
- TIM ZHAKSELEKOV — TREASURER
- VICTORIA KHODOSH — BOARD MEMBER
relationships · 42
Who they work with
- 82nd STREET PARTNERSHIP Partner — Collaborates to support immigrant entrepreneurs and local business development.
- Adhikaar Partner — Partnership focused on empowering immigrant entrepreneurs, particularly within Nepali-speaking communities.
- America Express Foundation Funder — Provided initial grant funding to establish the Business Center for New Americans.
- Brighton Beach Business Improvement District (BID) Partner — Collaborates on supporting small businesses in the Brighton Beach area.
- Bronx Network — Published fiscal year 2024 borough-specific fact sheet for Bronx
- Brooklyn Network — Published fiscal year 2024 borough-specific fact sheet for Brooklyn
- CHHAYA CDC Partner — Partnership to support South Asian and Indo-Caribbean low-income communities in accessing financial services and business development.
- Core Vision Foundation, Inc Partner — Collaborates on initiatives to strengthen immigrant-owned small businesses.
- Credit Builders Alliance Partner — Collaborates on summit participation and shares strategies for credit building and financial inclusion.
- International Rescue Committee (IRC) Partner — Works together to support refugee entrepreneurs through financial and technical assistance.
- Lawyers Alliance for New York Partner — Honored BCNA for its work, indicating a collaborative relationship.
- Lawyers Alliance for New York Partner — Receives pro-bono legal services from Lawyers Alliance for New York.
- Manhattan Network — Published fiscal year 2024 borough-specific fact sheet for Manhattan
- NEW YORK STATE SMALL BUSINESS DEVELOPMENT CENTER Partner — Partnership to provide enhanced business advising and support services to small business owners.
- NEW YORK WOMEN IN BUSINESS Partner — Collaborates to advance economic opportunities for women entrepreneurs.
- NYC Department of Small Business Services Partner — Partnership with city government to deliver small business support programs.
- New York Association for New Americans Partner — Original parent organization under which Accompany Capital was founded as the Business Center for New Americans.
- New York City Partner — Collaborates with New York City government, nonprofit, and private organizations to deliver services and maximize impact for clients.
- New York Mortgage Coalition Partner — Partner organization providing pre-purchase education and resources for first-time homebuyers.
- New York Women in Business Partner — Partnership to sponsor and participate in events highlighting women entrepreneurs and fostering peer learning.
- QUEENS CHAMBER OF COMMERCE Partner — Collaborates to support small business growth in Queens.
- QUEENS PUBLIC LIBRARY Partner — Collaborates to expand access to financial and business resources for community members.
- Queens Network — Published fiscal year 2024 borough-specific fact sheet for Queens
- Queens Economic Development Corporation (QEDC) Partner — Partnership to promote economic development and small business resilience in Queens.
- ReServe Inc. Partner — Collaborates with ReServe Inc. to engage skilled professionals in volunteer and mentoring roles.
- Resilient Partner — Partnership to provide no-cost Term Life and AD&D insurance to Accompany Capital clients.
- Rocket Community Fund Partner — Partnered with Credit Builders Alliance on a rent reporting pilot program in Detroit to support credit building.
- STREET VENDOR PROJECT Partner — Works with street vendor advocates to support informal economy workers in formalizing and growing their businesses.
- SUNNYSIDE SHINES Partner — Collaborates on business improvement and economic development initiatives in Sunnyside, Queens.
- SUTPHIN BOULEVARD BID Partner — Partnership to support commercial corridor development and small business vitality in Jamaica, Queens.
+ 12 more
strategies · 4
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.
- Accompaniment Modelmethodology: accompaniment_modelBy providing long-term, relationship-based support alongside capital access, we produce sustainable entrepreneurial success because culturally competent guidance increases client engagement, builds trust, and addresses non-financial barriers to growth.
- Integrated Financial and Educational Supportmethodology: education-plus-opportunityBy combining financial education, technology training, and business instruction with access to affordable credit, we produce economic mobility because knowledge alone is insufficient—tangible financial opportunities and coaching turn learning into lasting asset-building and business success.
- Revenue-Based Financing for Stabilitymethodology: revenue-based_financingBy aligning repayment obligations with a business’s actual income through revenue-based financing, we produce financial stability and reduce default risk because repayment flexibility supports cash flow management, especially for underserved and early-stage businesses.
- Targeted Economic Integration for Immigrants and Womenmethodology: economic-integration_of_immigrantsBy designing programs specifically for immigrant, refugee, and women entrepreneurs, we produce greater business survival and economic inclusion because addressing identity-specific barriers—such as language, discrimination, and access to networks—unlocks participation and long-term success in the economy.