2024-09-27T10:02:49-05:00 2023-12-31 872525370 CITRIN COOPERMAN ADVISORS LLC 30 BRAINTREE HL OFFICE PARK STE 300 BRAINTREE MA 02184 990 2023-01-01 800348382 THE CAPITAL GOOD FUND CAPI 8665843651 333 SMITH STREET PROVIDENCE RI 02908 ANDREW POSNER CEO 8665843651 2024-09-24 1 0 AMANDA ADAMS P00748038 7813562000 2024-09-24 2023 2024-10-15 13:58:12Z ANDREW POSNER 333 SMITH STREET PROVIDENCE RI 02908 6754848 0 X WWW.CAPITALGOODFUND.ORG X 2009 RI THE CAPITAL GOOD FUND IS A U.S. TREASURY CERTIFIED COMMUNITY DEVELOPMENT FOUNDATION THAT TARGETS ROOT CAUSES OF POVERTY AND ENVIRONMENTAL INJUSTICE THROUGH INNOVATIVE PERSONAL LOANS AND FINANCIAL COACHING. ITS MISSION IS TO CREATE PATHWAYS OUT OF POVERTY AND ADVANCE A GREEN ECONOMY THROUGH INCLUSIVE FINANCIAL SERVICES. 7 5 56 0 0 0 4512079 4971830 1211410 1783018 0 0 0 0 5723489 6754848 0 0 0 0 2941015 3163179 0 0 337877 2537987 3328566 5479002 6491745 244487 263103 17247323 23807401 15345058 21642033 1902265 2165368 TO CREATE PATHWAYS OUT OF POVERTY AND ADVANCE A GREEN ECONOMY THROUGH INCLUSIVE FINANCIAL SERVICES. 0 0 5117450 1783018 WE ARE A NONPROFIT, CERTIFIED COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION THAT BELIEVES IN EQUITABLE FINANCING FOR ALL. WE CURRENTLY OFFER FINANCING IN RHODE ISLAND, FLORIDA, MASSACHUSETTS, ILLINOIS, DELAWARE, TEXAS, COLORADO, NEW JERSEY, CONNECTICUT, GEORGIA AND PENNSYLVANIA. IN 2023, WE SET RECORDS FOR LOAN VOLUME, REVENUE, EARNED INCOME, TOTAL ASSETS, AND MORE. THIS INCLUDES OVER 2,600 LOANS FOR $12.5 MILLION; 91 FAMILIES RECEIVING FINANCIAL COACHING; TOTAL ASSETS OF $23 MILLION; OVER 40% SELF-SUFFICIENCY ON A CASH FLOW BASIS; AND REVENUE OF $6.75 MILLION. WE LEVERAGED THIS FINANCIAL AND OPERATIONAL STRENGTH TO REACH OVER 7,410 INDIVIDUALS AND BUILT A BASE FOR EXPONENTIAL GROWTH IN 2024 AND BEYOND. 395526 0 IN 2023, CAPITAL GOOD FUND GRADUATED OVER 91 FAMILIES FROM OUR NATIONALLY RECOGNIZED, ONE-ON-ONE FINANCIAL AND HEALTH COACHING PROGRAM, COVERING TOPICS LIKE BUDGETING, BANKING, SAVINGS, DEBT, AND HEALTHY EATING ON A BUDGET. 5512976 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 1 1 1 0 0 1 82 0 1 56 1 0 0 0 0 0 0 0 0 0 0 0 0 X 7 5 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 X X JAMES MAZJANIS 8665843651 333 SMITH STREET PROVIDENCE RI 02908 ARTHUR S GABINET SECRETARY 1.00 1.00 X X 0 0 0 BETSY HARRIS CO-CHAIR 1.00 1.00 X X 0 0 0 DARA DUGUAY DIRECTOR 1.00 0.00 X 0 0 0 ELINA MAGALY SANTANA ESQ DIRECTOR 1.00 0.00 X 0 0 0 LIBBY KIMZEY CO-CHAIR 1.00 1.00 X X 0 0 0 NISHA FLOYD DIRECTOR 1.00 0.00 X 0 0 0 RAHUL GUPTA DIRECTOR 1.00 0.00 X 0 0 0 ANDREW POSNER FOUNDER & CEO 40.00 1.00 X 109807 0 3294 AISHA BUSSEY CHIEF BUSINESS OFFICER 40.00 0.00 X 128938 0 3868 238745 0 7162 1 0 0 0 SOCIAL CAPITAL FUND 333 SMITH STREET PROVIDENCE RI 02908 LOAN SERVICING 944866 1 1300000 3671830 4971830 PROGRAM LOAN INTEREST 525990 1310861 1310861 SHARED SERVICES 561000 263354 263354 TAX CREDITS, REBATES, 900099 208803 208803 1783018 6754848 1783018 0 0 113103 91614 11310 10179 2580771 2090425 258077 232269 44740 36239 4474 4027 163289 132264 16329 14696 261276 211633 26128 23515 36499 36499 34430 27888 3443 3099 14631 3301 11118 212 187351 64014 118298 5039 90875 73609 9088 8178 278140 225293 27814 25033 18883 1477 17406 510930 510930 78130 63285 7813 7032 49562 40145 4956 4461 LOAN SERVICING 944866 944866 LOAN LOSS RESERVE 910007 910007 PROFESSIONAL DEVELOPMEN 76926 6976 69950 CREDIT REPORTS 39052 39052 58284 39958 18189 137 6491745 5512976 640892 337877 4517815 1154007 963068 154424 23910 137754 515006 11848995 20147312 24663 39778 1105666 182991 522052 922675 41620 41645 17247323 23807401 1538261 636354 1870730 2983695 201009 223949 875000 10860058 17798035 15345058 21642033 X 1454608 1191367 447657 974001 1902265 2165368 17247323 23807401 263103 0 X 0 1 X 1 0 X 2507269 3909625 5268536 4512079 4971830 21169339 2507269 3909625 5268536 4512079 4971830 21169339 8927232 12242107 5739 6454 9658 21851 21191190 5658947 0.57770 X 0.58280 0.03060 SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS INCOME - 2019 AMOUNT: $ 5,739. 2020 AMOUNT: $ 6,454. 2021 AMOUNT: $ 9,658. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 672176 32543 639633 433490 150448 283042 922675 X 5233025 984814 984814 4248211 2506637 2506637 6754848 5935740 1950632 1950632 3985108 2506637 2506637 6491745 PART X, LINE 2: THE ORGANIZATION ACCOUNTS FOR UNCERTAIN TAX POSITIONS IN ACCORDANCE WITH FASB ASC TOPIC INCOME TAXES. THIS TOPIC PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT PROCESS FOR FINANCIAL STATEMENT RECOGNITION OF UNCERTAIN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THE TOPIC ALSO PROVIDES GUIDANCE ON RECOGNITION, DERECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, ACCOUNTING IN INTERIM PERIODS, DISCLOSURE AND TRANSITION. AT DECEMBER 31, 2023, MANAGEMENT BELIEVES THAT THE ORGANIZATION HAS NO MATERIAL UNCERTAIN TAX POSITIONS. PART XI, LINE 2D - OTHER ADJUSTMENTS: REVENUE OF SOCIAL CAPITAL FUND 984,814. PART XI, LINE 4B - OTHER ADJUSTMENTS: INTERCOMPANY ELIMINATIONS 2,506,637. PART XII, LINE 2D - OTHER ADJUSTMENTS: EXPENSES OF SOCIAL CAPITAL FUND 1,950,632. PART XII, LINE 4B - OTHER ADJUSTMENTS: INTERCOMPANY ELIMINATIONS 2,506,637. BETSY HARRIS BOARD MEMBER FINANCING X 22449 22449 0 1 1 ANDREW POSNER OFFICER FINANCING X 54000 51500 0 1 1 RICHARD POSNER FAMILY MEMBER OF OFFICER FINANCING X 150000 150000 0 1 1 223949 FORM 990, PART VI, SECTION B, LINE 11B MANAGEMENT REVIEWS AND APPROVES THE 990 PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD IS REQUIRED ANNUALLY TO REVIEW AND SIGN THE CONFLICT OF INTEREST POLICY. FORM 990, PART VI, SECTION B, LINE 15A THE BOARD DETERMINES THE CEO'S COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC THROUGH REQUEST OF THE CEO. GEORGIA BRIGHT SOLAR LLC 333 SMITH ST PROVIDENCE RI 02908 932747605 TO SUPPORT AND FURTHER THE CHARITABLE ACTIVITIES OF CAPITAL GOOD FUND GA 3320 1128794 THE CAPITAL GOOD FUND GREEN NEW DEAL FUND 1 LLC 333 SMITH ST PROVIDENCE RI 02908 922220094 TO SUPPORT AND FURTHER THE CHARITABLE ACTIVITIES OF CAPITAL GOOD FUND RI 15887 558826 THE CAPITAL GOOD FUND AMERICA BRIGHT SOLAR LLC 333 SMITH ST PROVIDENCE RI 02908 932646051 TO SUPPORT AND FURTHER THE CHARITABLE ACTIVITIES OF CAPITAL GOOD FUND RI 0 0 THE CAPITAL GOOD FUND SOCIAL CAPITAL FUND 333 SMITH STREET PROVIDENCE RI 02908 474670143 SUPPORT THE CAPITAL GOOD FUND'S GROWING SMALL-DOLLAR PERSONAL LOAN PORTFOLIO RI 501(C)(3) LINE 12A, I THE CAPITAL GOOD FUND 1 0 0 1 0 0 0 0 0 0 0 0 1 1 0 1 1 0 0 0 SOCIAL CAPITAL FUND C 1300000 BOOK SOCIAL CAPITAL FUND L 263354 BOOK SOCIAL CAPITAL FUND M 944866 BOOK