2025-11-20T09:54:10-06:00 2025-03-31 042571780 AAFCPAS INC 50 WASHINGTON STREET WESTBOROUGH MA 01581 990 2024-04-01 060842738 CAPITAL FOR CHANGE INC CAPI 8009923665 10 ALEXANDER DRIVE WALLINGFORD CT 06492 DIANE SMITH CHIEF EXECUTIVE OFFICER 8009923665 2025-11-18 1 1 CAITLIN LIMOGES CPA P01633588 5083669100 2025-11-18 2024 2025-03-06 01:10:19Z DIANE SMITH 10 ALEXANDER DRIVE WALLINGFORD CT 06492 9830048 0 X WWW.CAPITALFORCHANGE.ORG X 1968 CT TO PROVIDE RESPONSIVE FINANCIAL SERVICES FOR SUSTAINABLE COMMUNITIES. 17 17 60 17 0 0 3433703 1997074 6944203 7582737 85213 250237 0 0 10463119 9830048 0 0 0 0 4350786 4419085 0 0 190450 3582932 7101912 7933718 11520997 2529401 -1690949 76235581 85106647 54558118 65498779 21677463 19607868 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. 0 0 10759859 7582737 THROUGHOUT CONNECTICUT, C4C IS A CDFI (COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION) APPROVED BY THE US TREASURY TO PROVIDE A VARIETY OF FINANCIAL SERVICES TO CONSUMERS, NONPROFITS, BUSINESSES, AND PUBLIC INSTITUTIONS. INSTITUTIONAL AS WELL AS PRIVATE SOCIAL IMPACT INVESTORS TRUST C4C WITH THEIR FUNDS BECAUSE OF HOW WELL WE MANAGE RISK AND THE RESULTS WE DELIVER THROUGH OVER 7,000 AFFORDABLE HOUSING UNITS, THOUSANDS OF JOBS AND ENVIRONMENTAL RESPONSIBILITY. C4C'S FINANCIAL BASE OF $76 MILLION IN ASSETS HAS ENABLED THOUSANDS OF LOANS FOR CONSUMER AND COMMERCIAL HOUSING AND ENERGY EFFICIENCY IMPROVEMENTS IN THIS YEAR ALONE. C4C ALSO HAS DECADES OF EXPERIENCE IN LOAN SERVICING FOR ORGANIZATIONS SUCH AS STATE AND MUNICIPAL PUBLIC INSTITUTIONS. SEE WWW.CAPITALFORCHANGE.ORG FOR MORE INFORMATION. 10759859 1 1 0 0 0 0 0 0 1 0 1 0 1 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 1 1 1 1 0 0 1 530 0 1 60 1 0 0 0 0 0 0 0 0 0 0 0 0 X 17 17 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CT X LEA EMERY 8009923665 10 ALEXANDER DRIVE WALLINGFORD CT 06492 BENNA LEHRER BOARD CHAIR 0.50 0.50 X X 0 0 0 GINNE-RAE CLAY VICE CHAIR 0.50 0.50 X X 0 0 0 JEFFREY ROBINSON TREASURER (UNTIL 3/25) 0.50 0.50 X X 0 0 0 ROBIN GOLDEN SECRETARY 0.50 0.50 X X 0 0 0 BRIAN ROBINSON DIRECTOR 0.50 X 0 0 0 ANNA BLANDING DIRECTOR 0.50 X 0 0 0 MICHAEL VAN LEESTEN DIRECTOR 0.50 X 0 0 0 EDWARD SEIBERT DIRECTOR 0.50 X 0 0 0 JOHN STEVENS DIRECTOR 0.50 X 0 0 0 ANDREW BEAMON DIRECTOR 0.50 X 0 0 0 CAROLYN GONZALEZ DIRECTOR 0.50 X 0 0 0 JONATHAN CABRAL DIRECTOR 0.50 X 0 0 0 FERNANDO MUNIZ DIRECTOR 0.50 X 0 0 0 GEOFFREY PERSON DIRECTOR 0.50 X 0 0 0 SHEENA STRAWTER-ANTHONY DIRECTOR 0.50 X 0 0 0 MICHAEL UHL DIRECTOR 0.50 0.50 X 0 0 0 SARAH SMITH DIRECTOR 0.50 X 0 0 0 BHAVANI DARYANANI INTERIM CFO (6/23 - 3/24) 35.00 X 31018 0 2372 JEFFREY LEVITSKY INTERIM CFO (9/24 - 3/25) 35.00 X 122595 0 25401 RICHARD MCGEARY CFO (12/23 - 9/24) 35.00 X 130770 0 4817 DIANE SMITH PRESIDENT & CEO 32.50 2.50 X 203462 0 9392 CASSANDRA BRADLEY OFFICER, SENIOR MULTI-FAMILY LENDING 35.00 X 107926 0 23119 CARITH DEAN DIR. OF LOAN SERVICING 35.00 X 100178 0 24576 KRISTEN FUSCO DIR. OF CONSUMER LENDING 35.00 X 108628 0 38746 EARL RANDALL DIR. OF PROGRAMS & SMALL BUISNESS LENDING 35.00 X 108625 0 21612 CARLA WEIL DIR. OF COMMERCIAL LENDING & IMPACT 35.00 X 127725 0 12035 1040927 0 162070 9 0 1 0 OMNI MECHANICAL SERVICES LLC 229 FARNHAM ROAD SOUTH WINDSOR CT 06074 CONTRACTOR 589724 TOTAL MECHANICAL SYSTEMS LLC 140 NEW BRITAIN AVE PLAINVILLE CT 06062 CONTRACTOR 458787 SALVATORE MARINO 75 NAUBUC AVENUE GLASTONBURY CT 06033 CONTRACTOR 422596 DEITCH ENERGY LLC 40 WOODLAND STREET REAR HARTFORD CT 06105 CONTRACTOR 328639 HECTOR RIVERA DBA HR HEATING SERVICES L 83 WILLIAMS STREET EAST HARTFORD CT 06108 CONTRACTOR 300982 32 1834891 162183 1997074 SERVICE FEES 531390 3987807 3987807 MORTGAGE INTEREST 531390 3594930 3594930 7582737 250237 250237 9830048 7582737 0 250237 496552 204069 242826 49657 3112962 2968042 87013 57907 103897 99146 2832 1919 405233 370035 25240 9958 300441 265620 26108 8713 123839 109486 10762 3591 114000 100787 9907 3306 456289 403406 39650 13233 275691 243739 23957 7995 251782 222600 21880 7302 101200 89471 8794 2935 1456607 1450196 4806 1605 270075 238773 23470 7832 123883 107068 12608 4207 WRITE-OFF LOANS RECEIVA 3615093 3615093 ADMINISTRATIVE EXPENSES 223340 192659 23004 7677 REPAIRS AND MAINTENANCE 90113 79669 7831 2613 11520997 10759859 570688 190450 8365262 5258208 7588563 14684198 341865 341865 2022347 2140102 75646 57987 5252802 2141361 3360456 3111441 1007541 1052029 53306779 58293695 167122 167122 76235581 85106647 319474 248436 317831 256518 2655451 2711690 200000 114750 32712486 42790776 11760766 13351324 6592110 6025285 54558118 65498779 X 15107414 12251867 6570049 7356001 21677463 19607868 76235581 85106647 X -1690949 13136 -391782 X X 0 1 X 1 1 1 X 1127095 4306331 1798561 3433703 1997074 12662764 5903130 6011975 6109324 6944203 7582737 32551369 7030225 10318306 7907885 10377906 9579811 45214133 1600 2500 1600 1200 6900 20698 20698 1600 23198 1600 1200 27598 45186535 13982 17233 22270 85213 250237 388935 13982 17233 22270 85213 250237 388935 7044207 10335539 7930155 10463119 9830048 45603068 0.99090 0.99600 0.00850 0.00340 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 241686 241686 783961 183282 600679 2443253 459358 1983895 1783902 1498721 285181 3111441 NOTES AND LOANS RECEIVABLE 58293695 C 58293695 CONDITIONAL ADVANCES 4989191 FUNDS HELD FOR OTHERS 647196 CREDIT LOSS LIABILITY - UNFUNDED COMMITMENTS 388898 6025285 X PART IV, LINE 2B: BANK ACCOUNT BALANCES IN TRUST TO THE ORGANIZATION UNDER THIRD-PARTY FIDUCIARY CONTRACTS ARE REFLECTED AS RESTRICTED CASH AND ESCROW LIABILITIES AND ARE REQUIRED TO BE MAINTAINED IN A SEPARATE BANK ACCOUNT. PART X, LINE 2: THE ORGANIZATION ACCOUNTS FOR UNCERTAINTY IN INCOME TAXES IN ACCORDANCE WITH ASC TOPIC, INCOME TAXES. THIS STANDARD CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN TAX POSITIONS AND PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE COMBINED FINANCIAL STATEMENTS REGARDING A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THE ORGANIZATION HAS DETERMINED THAT THERE ARE NO UNCERTAIN TAX POSITIONS WHICH QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE COMBINED FINANCIAL STATEMENTS AT MARCH 31, 2025. THE ORGANIZATION'S INFORMATION RETURNS ARE SUBJECT TO EXAMINATION BY THE FEDERAL AND STATE JURISDICTIONS. X X X 0 0 0 0 0 0 0 0 0 DIANE SMITH PRESIDENT & CEO 203462 0 0 0 0 0 7176 0 2216 0 212854 0 0 0 BENNA LEHRER BOARD MEMBER SUPPORT COMMUNITY LOAN POOL X 20000 20000 0 1 1 JEFFREY ROBINSON BOARD MEMBER SUPPORT COMMUNITY LOAN POOL X 30000 30750 0 1 1 NANCY WEIL MOTHER OF EMPLOYEE OF C4C SUPPORT COMMUNITY LOAN POOL X 50000 50000 0 1 1 JOHN STEVENS BOARD MEMBER SUPPORT COMMUNITY LOAN POOL X 5000 5000 0 1 1 ANDREW BEAMON BOARD MEMBER SUPPORT COMMUNITY LOAN POOL X 1000 1000 0 1 1 ANNA BLANDING BOARD MEMBER SUPPORT COMMUNITY LOAN POOL X 2000 2000 0 1 1 DIANE SMITH PRESIDENT AND CEO SUPPORT COMMUNITY LOAN POOL X 5000 5000 0 1 1 ROBIN GOLDEN BOARD MEMBER SUPPORT COMMUNITY LOAN POOL X 10000 1000 0 1 1 114750 FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION'S FEDERAL FORM 990 WAS PROVIDED TO THE ORGANIZATION'S FINANCE PERSONNEL FOR REVIEW PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE (IRS). FOLLOWING THIS REVIEW THE FORM 990 WAS PROVIDED TO EACH MEMBER OF THE ORGANIZATION'S FINANCE COMMITTEE, PRIOR TO FILING WITH THE IRS. FOLLOWING THIS REVIEW THE FORM 990 WAS PROVIDED TO EACH MEMBER OF THE ORGANIZATION'S BOARD OF DIRECTORS PRIOR TO FILING WITH THE IRS. AS PART OF THE TAX RETURN PREPARATION PROCESS THE ORGANIZATION HIRED A PROFESSIONAL CPA FIRM WITH EXPERIENCE AND EXPERTISE IN NOT-FOR-PROFIT TAX RETURN PREPARATION TO PREPARE THE FEDERAL FORM 990. THE CPA FIRM'S TAX PROFESSIONALS WORKED CLOSELY WITH THE ORGANIZATION'S FINANCE PERSONNEL AND VARIOUS OTHER INDIVIDUALS OF THE ORGANIZATION TO OBTAIN THE INFORMATION NEEDED IN ORDER TO PREPARE A COMPLETE AND ACCURATE TAX RETURN. THE CPA FIRM PREPARED A DRAFT FEDERAL FORM 990 AND FURNISHED IT TO THE ORGANIZATION'S FINANCE PERSONNEL AND OTHER INDIVIDUALS FOR THEIR REVIEW. THE ORGANIZATION'S FINANCE PERSONNEL AND OTHER INDIVIDUALS REVIEWED THE DRAFT FEDERAL FORM 990 AND DISCUSSED QUESTIONS AND COMMENTS WITH THE CPA FIRM. REVISIONS WERE MADE TO THE DRAFT FEDERAL FORM 990 WHERE NECESSARY AND A REVISED DRAFT WAS THEN FURNISHED BY THE CPA FIRM TO THE ORGANIZATION'S FINANCE PERSONNEL AND VARIOUS OTHER INDIVIDUALS FOR REVIEW AND APPROVAL PRIOR TO PRESENTATION OF THE FEDERAL FORM 990 TO THE MEMBERS OF THE ORGANIZATION'S FINANCE COMMITTEE. REVISIONS WERE THEN MADE TO THE DRAFT FEDERAL FORM 990 WHERE NECESSARY AND A FINAL DRAFT WAS FURNISHED BY THE CPA FIRM TO THE ORGANIZATION'S FULL BOARD OF DIRECTORS PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST POLICY IS PROVIDED TO DIRECTORS IN THE BOARD RESOURCE MANUAL. DIRECTORS REVIEW POTENTIAL/ACTUAL CONFLICT OF INTEREST ISSUES AS REQUIRED AND ALSO ANNUALLY DOCUMENT THEIR INVOLVEMENTS ON AN ANNUAL DISCLOSURE FORM. FORM 990, PART VI, SECTION B, LINE 15 THE SALARIES OF MEMBERS OF SENIOR MANAGEMENT ARE REVIEWED AGAINST PUBLICLY AVAILABLE COMPENSATION SURVEYS. JOB CLASSES/RANGES ARE ADJUSTED TO REFLECT THIRD-PARTY DATA AND ARE REVIEWED BY THE EXECUTIVE COMMITTEE. THE BOARD, VIA THE EXECUTIVE COMMITTEE, OVERSEE THE COMPENSATION OF THE CEO. CEO COMPENSATION IS DETERMINED BY REVIEWING FORM 990S AND INDUSTRY SURVEY AND JOB GRADES AND IS APPROVED BY THE BOARD. THE SALARIES OF ALL MEMBERS OF SENIOR MANAGEMENT ARE REVIEWED BY THE EXECUTIVE COMMITTEE AND COMPARED TO INDUSTRY DATA. FORM 990, PART VI, SECTION C, LINE 19 ALL GOVERNING DOCUMENTS AND AUDITED FS ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: RECOVERY OF CREDIT LOSSES - UNFUNDED LOANS 152,624. PROVISION FOR CREDIT LOSSES - FUNDED LOANS -544,406. FORM 990, PART XII, LINE 2C: THERE WAS NO CHANGE TO THE SELECTION PROCESS DURING THE TAX YEAR. C4C HISTORIC PEARL LLC 10 ALEXANDER DRIVE WALLINGFORD CT 06492 822714512 PROMOTE DEVELOPMENT OF HISTORIC REAL ESTATE TAX CREDIT PROJECT CT 0 0 CAPITAL FOR CHANGE INC CHIF PROPERTIES LLC 10 ALEXANDER DRIVE WALLINGFORD CT 06492 472791030 HOLD OTHER REAL ESTATE OWNED PROPERTIES ACQUIRED THRU FORECLOSURE CT 0 0 CAPITAL FOR CHANGE INC CT ENERGY EFFICIENCY FINANCING COMPANY 10 ALEXANDER DRIVE WALLINGFORD CT 06492 452412035 TO PROVIDE FINANCING FOR ENERGY EFFICIENT IMPROVEMENTS CT 501(C)(3) LINE 10 CAPITAL FOR CHANGE INC 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 0 0 0 0 CT ENERGY EFFICIENCY FINANCING COMPANY L 619002 FMV