irs program accomplishments · form 990 part iii · fy2024
What they reported doing
- #1 primary $300KSEE SCHEDULE O - COMMUNITY DEVELOPMENT AND AFFORDABLE HOUSING LENDING PROGRAMCOMMUNITY CAPITAL NEW YORK PARTNERS WITH PRIVATE AND NONPROFIT REAL ESTATE DEVELOPERS TO EXPAND AFFORDABLE HOUSING OPPORTUNITIES FOR LOW- AND MODERATE-INCOME INDIVIDUALS AND FAMILIES ACROSS NEW YORK STATE. AS A FLEXIBLE AND MISSION DRIVEN LENDER, CCNY IS COMMITTED TO SUPPORTING AFFORDABLE HOUSING DEVELOPERS WITH BOTH CAPITAL AND TECHNICAL ASSISTANCE. THROUGH A REVOLVING LOAN FUND, COMMUNITY CAPITAL NEW YORK WORKS COLLABORATIVELY AND CREATIVELY TO ADDRESS THE CAPITAL NEEDS OF AFFORDABLE HOUSING DEVELOPMENT PROJECTS. CCNY PROVIDES EARLY-STAGE PRE-DEVELOPMENT LOANS, ACQUISITION LOANS, BRIDGE LOANS, AND CONSTRUCTION LOAN FINANCING. CCNY SUPPORTS NEW CONSTRUCTION, REHABILITATION, ADAPTIVE RE-USE, MULTI-FAMILY, SINGLE-FAMILY, MIXED-USE, MIXED-INCOME AND SUPPORTIVE AFFORDABLE HOUSING FOR SENIORS, VETERANS, AND PEOPLE WITH DISABILITIES OR EXPERIENCING HOMELESSNESS. CCNY PROVIDES FINANCING TO DEVELOPERS BUILDING BOTH AFFORDABLE HOMEOWNERSHIP AND MULTIFAMILY RENTAL UNITS. CCNY PROVIDES TECHNICAL ASSISTANCE WHEN IT IS NEEDED TO HELP MOVE AFFORDABLE HOUSING PROJECTS THROUGH DEVELOPMENT. CCNY FINANCES HIGH-IMPACT COMMUNITY DEVELOPMENT PROJECTS THROUGH OUR LENDING PROGRAM WHICH SUPPORTS THE DEVELOPMENT OF SAFE AND HIGH-QUALITY AFFORDABLE HOUSING WITH IS AN ESSENTIAL BUILDING BLOCK FOR FAMILIES AND INDIVIDUALS AND IS LINKED TO HEALTH AND WELLNESS, STRONG CHILD AND YOUTH DEVELOPMENT, POSITIVE EDUCATIONAL OUTCOMES, EMPLOYMENT OPPORTUNITIES AND PERSONAL AND NEIGHBORHOOD SAFETY.
named programs · 3 · from sources
What they call their work
Affordable Housing Development Financing
Provides pre-development, acquisition, bridge, and construction loans to nonprofit and private developers building affordable housing for low- and moderate-income individuals, including seniors, veterans, and people with disabilities.
Business Support and Financial Education
Offers free workshops and technical assistance in financial literacy, bookkeeping, QuickBooks, and government contracting readiness, often in partnership with organizations like the Women's Enterprise Development Center.
Contractor Lending Program
Provides short-term, contract-based loans from $50,000 to $1,000,000 for small business contractors in New York State to support mobilization, equipment, and payroll. Offers up to 30% advance on contract value with 3–24 month terms.
activities · 2 groups
What they do
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Small Business and Nonprofit Lending 3 activities
- Financing affordable housing developmentProvides low-cost, flexible financing—including pre-development, acquisition, bridge, and construction loans—to private and nonprofit real estate developers for the creation, preservation, and enhancement of affordable homes across New York State. These investments have supported over 5,600 affordable homes for low- and moderate-income individuals and families earning 80% or less of area median income.
- Funding small business loans and credit productsOffers a range of small business loan products—including SBA Microloans (up to $50,000), SBA 7(a) loans (up to $350,000), Fast Track Loans (up to $10,000), and Premier Loans (up to $75,000)—for working capital, equipment, inventory, tenant improvements, real estate, and refinancing high-cost debt. Extended over $48.1 million in loans and credit builder products to more than 2,100 small businesses, supporting the creation or retention of over 8,800 jobs.
- Providing contract financing for small business contractorsOffers short-term, contract-based financing—ranging from $50,000 to $1,000,000—to small business contractors in New York State to fulfill government or commercial contracts or purchase orders. The organization is certified by the U.S. Small Business Administration (SBA) to provide these contractor loans.
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Startup Acceleration & Business Growth Support 1 activity
- Delivering financial coaching and business trainingProvides free, ongoing financial coaching, business training, and guidance to small business borrowers, including co-hosting a two-part financial education workshop with the Women's Enterprise Development Center Inc. and leading webinars on topics such as preparing finances for government contracting.
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financials · form 990 · fy2024
revenue
Total revenue$1.85M
Contributions & grants$699K38%
Program service revenue$937K51%
Investment income$213K12%
Other revenue$0
expenses
Total expenses$2.48M
Program expenses79%
Admin / overhead15%
Fundraising5%
Salaries & benefits$1.56M
Grants paid out$0
Largest expense lineCompensation
balance sheet
Total assets$14.60M
Cash$5.65M
Investments$8.67M
Liabilities$7.53M
Net assets$7.06M
Liquid reserves69.3 mo
5 years on record · 2020–2024 · YoY revenue -19.0%
leadership · form 990 part vii · fy2024
Who runs it
paid leadership · 3
| Name | Title | Hours/wk | Compensation |
|---|---|---|---|
| IAN BENJAMIN | INTERIM PRESIDENT & CEO | 40 | $233K |
| KELLY ALMANZAR | CHIEF LENDING OFFICER | 40 | $173K |
| KATHRYN CONLAN | CHIEF OPERATING OFFICER | 40 | $144K |
board members · 14
- ALEXANDRA HANSON — DIRECTOR
- AMANDA KELSO — DIRECTOR, THRU 12/2024
- ANDERSON MITCHELL — DIRECTOR
- BARRETT STOKES — SECRETARY
- BEN FRIERSON — DIRECTOR
- CARMEN MANOYAN — DIRECTOR
- CATHERINE HELLEUX — DIRECTOR
- H PHILIP SALMON — TREASURER
- JACKELINE AGUDELO — DIRECTOR
- LINDA M SAMA PHD — DIRECTOR
- NATALIE HUNTER — DIRECTOR
- NEIL ALEXANDER — SECRETARY, THRU 12/2024
- RICHARD HECHT — ASSISTANT TREASURER, THRU 12/2024
- RICHARD ST PAUL ESQ — CHAIRMAN
relationships · 14
Who they work with
- Empire State Development Government — Government partner collaborating on small business capital access events and economic development initiatives.
- NYS MWBE Division of Minority and Women’s Business Development Government — State agency hosting joint educational webinars on government contracting readiness for MWBEs.
- Nonprofit Real Estate Developers Partner — Partners with nonprofit real estate developers to support affordable housing development projects.
- Private Real Estate Developers Partner — Partners with private real estate developers to expand affordable housing opportunities.
- Qualitas of Life Foundation Partner — Partner organization co-hosting financial education workshops for entrepreneurs.
- SBA Government — Administers SBA Microloan and SBA 7(a) loan programs in partnership with the U.S. Small Business Administration.
- SBA Government — SBA-approved lender providing small business loans under SBA programs.
- The New Bronx Chamber of Commerce Partner — Collaborating organization in hosting the Bronx: Meet the Money Small Business Capital Access & Networking event.
- U.S. Small Business Administration Government — Certified by the U.S. Small Business Administration to provide loans.
- U.S. Small Business Administration Government — Certifies Community Capital New York for its contractor lending program.
- U.S. Small Business Administration (SBA) Government — Certified as an SBA-preferred lender since 2007, enabling the organization to offer SBA-backed small business loans.
- United Way Partner — Originally established as part of a United Way task force focused on fair and affordable housing solutions in Westchester County and the Hudson Valley.
- Women's Enterprise Development Center Inc. Partner — Partner organization co-hosting financial education workshops and business development events.
- Yanush Sanmugaraja Partner — Contact person for affordable housing loan inquiries and developer support.
strategies · 3
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.
- Housing as Foundational to Community Well-Beingmethodology: housing_as_a_basic_rightBy financing affordable housing development through mission-driven capital, we improve health, education, employment, and safety outcomes because stable, safe housing is a prerequisite for individual and community stability and upward mobility.
- Impact-Weighted Lending Decisionsmethodology: impact-weighted lendingBy prioritizing lending to businesses in low-to-moderate income communities, majority-owned by women, minorities, or disadvantaged groups, or employing LMI workers, we advance equitable community development because capital allocation guided by social impact multiplies economic benefits in historically excluded communities.
- Integrated Capital and Technical Assistancemethodology: integrated capital and technical assistanceBy combining flexible lending with free business coaching, training, and financial education, we increase the long-term sustainability and growth of small businesses in underserved communities because access to capital alone is insufficient without capacity-building support.