Nonprofit · EIN 22-2706505
COMMUNITY LOAN FUND OF THE CAPITAL REGION INC
Tax-exempt · ALBANY, NY 12210
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $3,802,384 | $3,471,839 | $330,545 | $24,998,522 | $10,661,929 | $14,336,593 |
| December 31, 2023 | 990 | $2,816,861 | $2,704,077 | $112,784 | $26,895,511 | $12,889,463 | $14,006,048 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $2,855,288
- of which government grants
- $2,603,334
- Program service revenue
- $717,544
- Investment income
- $229,552
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $1,595,161
- Compensation of officers, directors and key employees
- $139,850
- Other salaries and wages
- $872,910
- Salaries, compensation and benefits (total)
- $1,302,598
- Professional fundraising fees
- $0
- Legal fees
- $43,264
- Accounting fees
- $17,592
- Occupancy
- $19,423
- Travel
- $864
- Depreciation
- $7,806
- Program services (functional)
- $3,244,621
- Management and general (functional)
- $227,218
Balance sheet and other
- Total assets, start of year
- $26,895,511
- Total assets, end of year
- $24,998,522
- Total liabilities, end of year
- $10,661,929
- Net assets, end of year
- $14,336,593
- Land, buildings and equipment
- $12,144
- Net assets without donor restrictions
- $14,336,593
- Gross receipts
- $3,802,384
- Employees
- 16
- Year formed
- 1985
- State of legal domicile
- NY
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 December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| LINDA MACFARLANE | PAST EXECUTI Officer | 40 | $139,850 |
| KEVIN CATALANO | SECRETARY Trustee or director, Officer | 1 | $0 |
| ERIC DAHL | VICE PRESIDE Trustee or director, Officer | 1 | $0 |
| TELBERTH FORDE | DIRECTOR Trustee or director | 1 | $0 |
| TRENT GRIFFIN-BRAAF | DIRECTOR Trustee or director | 1 | $0 |
| PATRICK GUNTY | PRESIDENT Trustee or director, Officer | 2 | $0 |
| AVERELL HILTON | DIRECTOR Trustee or director | 1 | $0 |
| TANYA HULL | DIRECTOR Trustee or director | 1 | $0 |
| KAREN MAXWELL | TREASURER Trustee or director, Officer | 1 | $0 |
| FERMIN MENDEZ | DIRECTOR Trustee or director | 1 | $0 |
| TRACY PITCHER | DIRECTOR Trustee or director | 1 | $0 |
| JOHN STAUGAITIS | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 14 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| LINDA MACFARLANE | EXECUTIVE DI Officer | 40 | $125,027 |
| KENNETH BRUCE | DIRECTOR Trustee or director | 1 | $0 |
| KEVIN CATALANO | DIRECTOR Trustee or director | 1 | $0 |
| BRYCE CUTLER | TREASURER Trustee or director, Officer | 1 | $0 |
| ERIC DAHL | DIRECTOR Trustee or director | 1 | $0 |
| TELBERT FORDE | DIRECTOR Trustee or director | 1 | $0 |
| TRENT GRIFFIN-BRAAF | DIRECTOR Trustee or director | 1 | $0 |
| PATRICK GUNTY | PRESIDENT Trustee or director, Officer | 2 | $0 |
| AVERELL HILTON | DIRECTOR Trustee or director | 1 | $0 |
| TANYA HULL | VICE PRESIDE Trustee or director, Officer | 1 | $0 |
| KAREN MAXWELL | SECRETARY Trustee or director, Officer | 1 | $0 |
| FERMIN MENDEZ | DIRECTOR Trustee or director | 1 | $0 |
| BENJAMIN OEVERING | DIRECTOR Trustee or director | 1 | $0 |
| JOHN STAUGAITIS | DIRECTOR Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 255 ORANGE STREET, ALBANY, NY 12210-2404
- Principal officer (990 for 2024)
- WALT BRADY, 255 ORANGE STREET, ALBANY, NY 12210
- Signed the 990
- WALT BRADY, ACTIND EXECUTIVE DIR
- Phone
- (518) 436-8586
- Website
- WWW.MYCOMMUNITYLOANFUND.ORG
- Return prepared by
- CUSACK & COMPANY CPAS LLC
Mission
COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION THAT LINKS SOCIALLY CONCERNED INVESTORS WITH COMMUNITY NEEDS BY MAKING AFFORDABLE HOUSING, COMMUNITY AND ECONOMIC DEVELOPMENT LOANS TO NONPROFIT ORGS, SMALL BUSINESSES AND LOW/MODERATE INCOME PERSONS.
Program accomplishments
- PROVIDE COMMUNITY AND ECONOMIC DEVELOPMENT LOANS AND TECHNICAL ASSISTANCE TO NONPROFIT ORGANIZATIONS, SOCIAL ENTERPRISES, SMALL BUSINESSES, MICRO ENTERPRISES AND LOW-MODERATE INCOME INDIVIDUALS.Expenses $3,244,621 · grants $1,595,161 · revenue $717,544
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 December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 22-2706505
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1986
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L80J)
- Assets (IRS master file)
- $24,998,522
- Income (IRS master file)
- $3,802,384
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $3,802,384 | $3,471,839 | $24,998,522 | XML |
| 990 | December 2023 | $2,816,861 | $2,704,077 | $26,895,511 | XML |
| 990 | December 2022 | $2,396,345 | $2,137,260 | $26,693,595 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 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 22-2706505).
Questions about COMMUNITY LOAN FUND OF THE CAPITAL REGION INC
- What is the EIN of COMMUNITY LOAN FUND OF THE CAPITAL REGION INC?
- The employer identification number (EIN) of COMMUNITY LOAN FUND OF THE CAPITAL REGION INC is 22-2706505.
- Is COMMUNITY LOAN FUND OF THE CAPITAL REGION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1986.
- Are donations to COMMUNITY LOAN FUND OF THE CAPITAL REGION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does COMMUNITY LOAN FUND OF THE CAPITAL REGION 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 COMMUNITY LOAN FUND OF THE CAPITAL REGION INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did COMMUNITY LOAN FUND OF THE CAPITAL REGION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of COMMUNITY LOAN FUND OF THE CAPITAL REGION INC?
- The 990 for the year ended December 31, 2024 names WALT BRADY.
- Who are the officers and directors of COMMUNITY LOAN FUND OF THE CAPITAL REGION INC?
- The 990 for the year ended December 31, 2024 lists 12 people; 1 received compensation from the organization, the highest $139,850 (LINDA MACFARLANE, PAST EXECUTI).
- How much revenue does COMMUNITY LOAN FUND OF THE CAPITAL REGION INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $3,802,384, expenses of $3,471,839 and total assets of $24,998,522 at year end.
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