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CAPITAL FOR CHANGE INC

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Public IRS 990 nonprofit record

CAPITAL FOR CHANGE INC

EIN 06-0842738 · Housing & Shelter (L820)

What they do

TOGETHER WITH ITS PARTNERS, CAPITAL for CHANGE (C4C) AIMS for MORE STABILITY, WELL-BEING and ENVIRONMENTALLY CONSCIOUS DEVELOPMENT for LOW-MODERATE INCOME INDIVIDUALS and COMMUNITIES THROUGH ITS RESPONSIVE FINANCIAL SERVICES and PRODUCTS.

Before you give

Should I give to this charity?

Easy charity check
Look at where the money went

Of every $100 spent, about $93.40 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders26 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

109.46%of revenue went to mission work93.4% of expenses · Program services
1.94%of revenue went to fundraising1.7% of expenses
$117.20spent for every $100 of revenueSpending was higher than revenue this year.
5.81%of revenue went to management and office costs5.0% of expenses
$7.39in assets for every $1 spent this yearSome assets cannot be spent right away.
20.3%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

  1. Who did you help? Ask for a recent story or report that shows real results.
  2. What will my money do? Ask exactly what your gift will pay for.
  3. Is this really the charity? Give only through its official website or confirmed phone number.

Worth asking: Expenses exceeded revenue by $1,690,949 this year. Ask whether that was planned or caused by a one-time event.

Pay context: The highest compensation shown in this filing is $212,854 for DIANE SMITH (PRESIDENT & CEO). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$9,830,048
Mission workProgram services$10,759,859109.46% of revenue93.4% of expenses
ManagementOffice and general costs$570,6885.81% of revenue5.0% of expenses
FundraisingAsking for donations$190,4501.94% of revenue1.7% of expenses
Total expenses$11,520,997117.20% of revenue

Expenses were greater than revenue, so the colored ring fills the available $100 and the total above 100% is shown below.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails
2024CurrentExpense mix: 93.4% mission · 5.0% management · 1.7% fundraisingTotal expenses: 117.20% of revenue
2023Expense mix: 91.3% mission · 6.7% management · 2.0% fundraisingTotal expenses: 75.83% of revenue
2022Expense mix: 89.0% mission · 8.1% management · 2.9% fundraisingTotal expenses: 97.45% of revenue
2021Expense mix: 85.9% mission · 11.0% management · 3.1% fundraisingTotal expenses: 78.94% of revenue
2020Expense mix: 90.6% mission · 7.2% management · 2.2% fundraisingTotal expenses: 100.20% of revenue
2019Expense mix: 86.1% mission · 10.7% management · 3.2% fundraisingTotal expenses: 99.38% of revenue
2018Expense mix: 90.2% mission · 7.3% management · 2.5% fundraisingTotal expenses: 107.24% of revenue
2017Expense mix: 86.4% mission · 10.1% management · 3.5% fundraisingTotal expenses: 95.22% of revenue

Money in and money out

Revenue$9,830,048
Expenses$11,520,997
Annual shortfall $1,690,949 Expenses were higher than revenue for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$10,759,859 · 93.4% of expenses
Management and office costs$570,688 · 5.0% of expenses
Fundraising$190,450 · 1.7% of expenses
See all reported dollar amounts
Revenue$9,830,048
Expenses$11,520,997
Assets$85,106,647
Income$9,830,048
Contributions$1,997,074
Mission work (program services)$10,759,859
Fundraising$190,450
Grants given$234,013
Average grant$117,007
Management and general$570,688
Executive compensation (total)$367,547
Stocks and bonds$1,052,029
Accounting fees$114,000
People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation
DIANE SMITHPRESIDENT & CEO · 32 hrs/week $212,854Base $203,462 · Other $9,392
JEFFREY LEVITSKYINTERIM CFO (9/24 - 3/25) · 35 hrs/week $147,996Base $122,595 · Other $25,401
KRISTEN FUSCODIR. OF CONSUMER LENDING · 35 hrs/week $147,374Base $108,628 · Other $38,746
CARLA WEILDIR. OF COMMERCIAL LENDING & IMPACT · 35 hrs/week $139,760Base $127,725 · Other $12,035
RICHARD MCGEARYCFO (12/23 - 9/24) · 35 hrs/week $135,587Base $130,770 · Other $4,817
CASSANDRA BRADLEYOFFICER, SENIOR MULTI-FAMILY LENDING · 35 hrs/week $131,045Base $107,926 · Other $23,119
EARL RANDALLDIR. OF PROGRAMS & SMALL BUISNESS LENDING · 35 hrs/week $130,237Base $108,625 · Other $21,612
CARITH DEANDIR. OF LOAN SERVICING · 35 hrs/week $124,754Base $100,178 · Other $24,576
BHAVANI DARYANANIINTERIM CFO (6/23 - 3/24) · 35 hrs/week $33,390Base $31,018 · Other $2,372

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (26)

DIANE SMITHPRESIDENT & CEO

JEFFREY LEVITSKYINTERIM CFO (9/24 - 3/25)

KRISTEN FUSCODIR. OF CONSUMER LENDING

CARLA WEILDIR. OF COMMERCIAL LENDING & IMPACT

RICHARD MCGEARYCFO (12/23 - 9/24)

CASSANDRA BRADLEYOFFICER, SENIOR MULTI-FAMILY LENDING

EARL RANDALLDIR. OF PROGRAMS & SMALL BUISNESS LENDING

CARITH DEANDIR. OF LOAN SERVICING

BHAVANI DARYANANIINTERIM CFO (6/23 - 3/24)

JOHN STEVENSDIRECTOR

GEOFFREY PERSONDIRECTOR

JONATHAN CABRALDIRECTOR

MICHAEL UHLDIRECTOR

MICHAEL VAN LEESTENDIRECTOR

ROBIN GOLDENSECRETARY

SARAH SMITHDIRECTOR

SHEENA STRAWTER-ANTHONYDIRECTOR

JEFFREY ROBINSONTREASURER (UNTIL 3/25)

GINNE-RAE CLAYVICE CHAIR

ANDREW BEAMONDIRECTOR

FERNANDO MUNIZDIRECTOR

EDWARD SEIBERTDIRECTOR

CAROLYN GONZALEZDIRECTOR

BRIAN ROBINSONDIRECTOR

BENNA LEHRERBOARD CHAIR

ANNA BLANDINGDIRECTOR

About this charity

Recognized since
January 1968
Location
10 ALEXANDER DR, WALLINGFORD, CT 06492-2430
County
New Haven
In care of
DIANE SMITH
Primary officer
DIANE SMITH, CHIEF EXECUTIVE OFFICER

How to reach them

WebsiteVisit the charity’s website Emailinfo@capitalforchange.org.bottom Phone(800) 992-3665

Filing and classification

Latest tax year
2024
Tax period began
April 1, 2024
Return type
990
Tax preparer
AAFCPAS INC
NTEE classification
Housing & Shelter (L820)
IRS tax category
Other Community Housing Services
Grant-giving organization
Yes

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About this report: Information comes from public nonprofit records and may show the latest filing available.

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