Nonprofit · EIN 06-0842738
CAPITAL FOR CHANGE INC
Tax-exempt · WALLINGFORD, CT 06492
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| March 31, 2025 | 990 | $9,830,048 | $11,520,997 | -$1,690,949 | $85,106,647 | $65,498,779 | $19,607,868 |
| March 31, 2024 | 990 | $10,463,119 | $7,933,718 | $2,529,401 | $76,235,581 | $54,558,118 | $21,677,463 |
Financial details: 990 for the year ended March 31, 2025
Revenue
- Contributions, gifts and grants
- $1,997,074
- of which government grants
- $1,834,891
- Program service revenue
- $7,582,737
- Investment income
- $250,237
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $496,552
- Other salaries and wages
- $3,112,962
- Salaries, compensation and benefits (total)
- $4,419,085
- Professional fundraising fees
- $0
- Legal fees
- $123,839
- Accounting fees
- $114,000
- Occupancy
- $101,200
- Depreciation
- $270,075
- Program services (functional)
- $10,759,859
- Management and general (functional)
- $570,688
- Fundraising (functional)
- $190,450
Balance sheet and other
- Total assets, start of year
- $76,235,581
- Total assets, end of year
- $85,106,647
- Total liabilities, end of year
- $65,498,779
- Net assets, end of year
- $19,607,868
- Land, buildings and equipment
- $3,111,441
- Publicly traded securities
- $1,052,029
- Net assets without donor restrictions
- $12,251,867
- Net assets with donor restrictions
- $7,356,001
- Gross receipts
- $9,830,048
- Employees
- 60
- Volunteers
- 17
- Year formed
- 1968
- State of legal domicile
- CT
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended March 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| DIANE SMITH | PRESIDENT & CEO Officer | 32.5 | $203,462 | $9,392 |
| JEFFREY LEVITSKY | INTERIM CFO (9/24 - 3/25) Officer | 35 | $122,595 | $25,401 |
| KRISTEN FUSCO | DIR. OF CONSUMER LENDING Highest-paid employee | 35 | $108,628 | $38,746 |
| CARLA WEIL | DIR. OF COMMERCIAL LENDING & IMPACT Highest-paid employee | 35 | $127,725 | $12,035 |
| RICHARD MCGEARY | CFO (12/23 - 9/24) Officer | 35 | $130,770 | $4,817 |
| CASSANDRA BRADLEY | OFFICER, SENIOR MULTI-FAMILY LENDING Highest-paid employee | 35 | $107,926 | $23,119 |
| EARL RANDALL | DIR. OF PROGRAMS & SMALL BUISNESS LENDING Highest-paid employee | 35 | $108,625 | $21,612 |
| CARITH DEAN | DIR. OF LOAN SERVICING Highest-paid employee | 35 | $100,178 | $24,576 |
| BHAVANI DARYANANI | INTERIM CFO (6/23 - 3/24) Officer | 35 | $31,018 | $2,372 |
| BENNA LEHRER | BOARD CHAIR Trustee or director, Officer | 0.5 | $0 | $0 |
| GINNE-RAE CLAY | VICE CHAIR Trustee or director, Officer | 0.5 | $0 | $0 |
| JEFFREY ROBINSON | TREASURER (UNTIL 3/25) Trustee or director, Officer | 0.5 | $0 | $0 |
| ROBIN GOLDEN | SECRETARY Trustee or director, Officer | 0.5 | $0 | $0 |
| BRIAN ROBINSON | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| ANNA BLANDING | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
11 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MICHAEL VAN LEESTEN | DIRECTOR Trustee or director | 0.5 | $0 |
| EDWARD SEIBERT | DIRECTOR Trustee or director | 0.5 | $0 |
| JOHN STEVENS | DIRECTOR Trustee or director | 0.5 | $0 |
| ANDREW BEAMON | DIRECTOR Trustee or director | 0.5 | $0 |
| CAROLYN GONZALEZ | DIRECTOR Trustee or director | 0.5 | $0 |
| JONATHAN CABRAL | DIRECTOR Trustee or director | 0.5 | $0 |
| FERNANDO MUNIZ | DIRECTOR Trustee or director | 0.5 | $0 |
| GEOFFREY PERSON | DIRECTOR Trustee or director | 0.5 | $0 |
| SHEENA STRAWTER-ANTHONY | DIRECTOR Trustee or director | 0.5 | $0 |
| MICHAEL UHL | DIRECTOR Trustee or director | 0.5 | $0 |
| SARAH SMITH | DIRECTOR Trustee or director | 0.5 | $0 |
990 for the year ended March 31, 2024: 21 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| DIANE SMITH | PRESIDENT & CEO Officer | 37.5 | $179,039 | $6,160 |
| KRISTEN FUSCO | DIRECTOR OF CONSUMER LENDING Highest-paid employee | 40 | $107,429 | $36,553 |
| JEFF LEVITSKY | DIRECTOR OF ACCOUNTING Highest-paid employee | 40 | $121,191 | $22,428 |
| CARLA WEIL | DIRECTOR OF COMMERCIAL LENDING & IMPACT Highest-paid employee | 40 | $125,406 | $16,127 |
| GARY CLARK | DIRECTOR OF LOAN SERVICING Highest-paid employee | 40 | $116,358 | $23,122 |
| CASSANDRA BRADLEY | OFFICER, SENIOR MULTI-FAMILY LENDING Highest-paid employee | 40 | $107,515 | $20,994 |
| CHARLES BODIE | CFO (UNTIL 6/23) Officer | 40 | $75,301 | $15,933 |
| BHAVANI DARYANANI | INTERIM CFO (6/23 - 12/23) Officer | 40 | $64,423 | $1,352 |
| RICHARD MCGEARY | CFO (AS OF 12/23) Officer | 40 | $5,885 | $0 |
| BENNA LEHRER | BOARD CHAIR (AS OF 1/24) Trustee or director, Officer | 0.5 | $0 | $0 |
| DOROTHY ADAMS | BOARD CHAIR (UNTIL 1/24) Trustee or director, Officer | 0.5 | $0 | $0 |
| JEFF ROBINSON | TREASURER Trustee or director, Officer | 0.5 | $0 | $0 |
| ROBIN GOLDEN | SECRETARY Trustee or director, Officer | 0.5 | $0 | $0 |
| BRIAN ROBINSON | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| ANNA BLANDING | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| GINNE-RAE CLAY | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| MICHAEL VAN LEESTEN | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| EDWARD SEIBERT | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| JOHN STEVENS | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| ANDREW BEAMON | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| CAROLYN GONZALEZ | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 10 ALEXANDER DR, WALLINGFORD, CT 06492-2430
- Principal officer (990 for 2024)
- DIANE SMITH, 10 ALEXANDER DRIVE, WALLINGFORD, CT 06492
- Signed the 990
- DIANE SMITH, CHIEF EXECUTIVE OFFICER
- Phone
- (800) 992-3665
- Website
- WWW.CAPITALFORCHANGE.ORG
- Return prepared by
- AAFCPAS INC
Mission
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.
Program accomplishments
- 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.Expenses $10,759,859 · revenue $7,582,737
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in March, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | March 31, 2026 | August 17, 2026 | Not on file |
| 2024 | March 31, 2025 | August 15, 2025 | 990 on file |
| 2023 | March 31, 2024 | August 15, 2024 | 990 on file |
IRS record
- EIN
- 06-0842738
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1968
- Accounting year ends
- March
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L820)
- Assets (IRS master file)
- $85,106,647
- Income (IRS master file)
- $9,830,048
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | March 2025 | $9,830,048 | $11,520,997 | $85,106,647 | XML |
| 990 | March 2024 | $10,463,119 | $7,933,718 | $76,235,581 | XML |
| 990 | March 2023 | $7,930,155 | $7,728,123 | $73,173,736 | IRS |
| 990 | March 2022 | $10,335,539 | $8,158,661 | $69,646,827 | IRS |
| 990 | March 2021 | – | – | – | IRS |
| 990 | March 2020 | – | – | – | IRS |
| 990 | March 2019 | – | – | – | IRS |
| 990 | March 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 06-0842738).
Questions about CAPITAL FOR CHANGE INC
- What is the EIN of CAPITAL FOR CHANGE INC?
- The employer identification number (EIN) of CAPITAL FOR CHANGE INC is 06-0842738.
- Is CAPITAL FOR CHANGE INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1968.
- Are donations to CAPITAL FOR CHANGE INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does CAPITAL FOR CHANGE INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of CAPITAL FOR CHANGE INC due?
- The return for tax year 2025 (the year ending March 31, 2026) is due August 17, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did CAPITAL FOR CHANGE INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended March 2025.
- Who is the principal officer of CAPITAL FOR CHANGE INC?
- The 990 for the year ended March 31, 2025 names DIANE SMITH.
- Who are the officers and directors of CAPITAL FOR CHANGE INC?
- The 990 for the year ended March 31, 2025 lists 26 people; 9 received compensation from the organization, the highest $203,462 (DIANE SMITH, PRESIDENT & CEO).
- How much revenue does CAPITAL FOR CHANGE INC have?
- On its 990 for the year ended March 31, 2025 it reported revenue of $9,830,048, expenses of $11,520,997 and total assets of $85,106,647 at year end.
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