Nonprofit · EIN 85-3613051
TRANSFORM CAPITAL
Tax-exempt · LIBERTYVILLE, IL 60048
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $512,362 | $45,835 | $466,527 | $5,076,178 | $2,057,823 | $3,018,355 |
| December 31, 2024 | 990 | $1,519,962 | $39,104 | $1,480,858 | $3,077,322 | $525,494 | $2,551,828 |
| December 31, 2023 | 990 | $409,135 | $29,541 | $379,594 | $1,566,857 | $495,887 | $1,070,970 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $400,812
- Program service revenue
- $106,301
- Investment income
- $5,013
- Other revenue
- $236
Expenses
- Grants and similar amounts paid
- $20,000
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $3,669
- Depreciation
- $833
- Program services (functional)
- $33,135
- Management and general (functional)
- $12,038
- Fundraising (functional)
- $662
Balance sheet and other
- Total assets, start of year
- $3,077,322
- Total assets, end of year
- $5,076,178
- Total liabilities, end of year
- $2,057,823
- Net assets, end of year
- $3,018,355
- Land, buildings and equipment
- $1,562
- Net assets without donor restrictions
- $3,008,355
- Net assets with donor restrictions
- $10,000
- Gross receipts
- $512,362
- Employees
- 0
- Volunteers
- 6
- Year formed
- 2020
- State of legal domicile
- IL
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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ANDREA MCCRORY | CONTRACTED COMMUNITY LIAISON Trustee or director | 5 | $4,800 |
| MARK CHASSMAN | CHAIR Trustee or director, Officer | 5 | $0 |
| FREDERICK TOLBERT | VICE CHAIR Trustee or director, Officer | 5 | $0 |
| STEPHEN KAWASAKI | SECRETARY Trustee or director, Officer | 5 | $0 |
| LOIDA CANSECO | CONTRACTED COMMUNITY LIAISON Trustee or director | 5 | $0 |
| PAUL HAWKINSON | TREASURER Officer | 5 | $0 |
990 for the year ended December 31, 2024: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MARK CHASSMAN | CHAIR Trustee or director, Officer | 5 | $0 |
| FREDERICK TOLBERT | VICE CHAIR Trustee or director, Officer | 5 | $0 |
| STEPHEN KAWASAKI | SECRETARY Trustee or director, Officer | 5 | $0 |
| ANDREA MCCRORY | CONTRACTED COMMUNITY LIAISON Trustee or director | 5 | $0 |
| PAUL HAWKINSON | TREASURER Officer | 5 | $0 |
990 for the year ended December 31, 2023: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ANDREA MCCRORY | DIRECTOR Trustee or director | 5 | $4,400 |
| MARK CHASSMAN | CHAIR Trustee or director, Officer | 5 | $0 |
| FREDERICK TOLBERT | VICE CHAIR Trustee or director, Officer | 5 | $0 |
| STEPHEN KAWASAKI | SECRETARY Trustee or director, Officer | 5 | $0 |
| PAUL HAWKINSON | TREASURER AND EXECUTIVE DI Officer | 5 | $0 |
Address and contacts
- Address (IRS master file)
- 31110 N REIGATE LN, LIBERTYVILLE, IL 60048-4850
- In care of
- % PAUL HAWKINSON
- Mailing address (990-N for 2020)
- 31110 n regiate ln, libertyville IL 60048
- Principal officer (990 for 2025)
- MARK CHASSMAN, 31110 N REIGATE LANE, LIBERTYVILLE, IL 60048
- Principal officer (990-N for 2020)
- paul hawkinson, 31110 n regiate ln, libertyville IL 60048
- Signed the 990
- MARK CHASSMAN, CHAIR
- Phone
- (312) 307-8774
- Website
- WWW.TCCOMMUNITY.ORG
- Return prepared by
- CHERYL ROHLFS & ASSOCIATES LTD
Mission
TRANSFORM CAPITAL IS A LENDING PLATFORM WHICH RAISES TAX-DEDUCTABLE FUNDING AND PLACES THAT FUNDING INTO MARKET-RATE OR BELOW MARKET-RATE MORTGAGE AND BUSINESS LOANS FOR DESERVING FAMILIES IN DIS-INVESTED LOCAL COMMUNITIES.
Program accomplishments
- CAPITAL / TRANSFORM CAPITAL RAISES A TAX-DEDUCTABLE FUNDING BASE AND DEPLOYS THIS FUNDING INTO MARKET-RATE OR BELOW MARKET-RATE MORTGAGE AND BUSINESS LOANS FOR DESERVING FAMILIES IN DIS-INVESTED LOCAL ILLINOIS COMMUNITIES. 100% OF OUR CLIENTS ARE SOURCED ON REFERRAL FROM EXISTING ORGANIZATIONS ALREADY LONG SERVING THE COMMUNITY. OUR INITIAL COMMUNITY FOCUS IS NORTH CHICAGO, ILLINOIS. WE LIMIT OPERATING COSTS AT EVERY TURN, SO THAT WE CAN RECYCLE CAPITAL FOR ANOTHER CLIENT. AS OUR CLIENTS PAY BACK LOANS, THEY BECOME ON INTEGRAL PART OF "PAYING IT FORWARD" TO MAKE OWNERSHIP POSSIBLE FOR ANOTHER NEIGHBOR. WE ARE ENGAGING IN CONVERSATION WITH OTHER COMMUNITIES ACROSS THE NATION TO EXTEND THE REACH OF OUR MISSION APPROACH.Expenses $33,135 · grants $20,000 · revenue $106,537
- CATALYST / IN ADDITION TO CAPITAL, WE PROVIDE CATALYST FOR THE ENTIRE JOURNEY OF ASSET OWNERSHIP-SEEKING TO IGNITE GENERATIONAL ADVANTAGE FOR DESERVING FAMILIES. LENDING IS SIMPLY A REASON TO BE IN RELATIONSHIP, AND WE JOURNEY WITH CLIENTS FOR DECADES - WELL BEYOND ANY LOAN "TRANSACTION". WE ACTIVATE THE TALENTS OF OUR GROWING MOVEMENT TO ENCOURAGE THE DREAMS OF OUR CLIENT FAMILIES. THIS ENCOURAGEMENT CAN TAKE MANY FORMS, INCLUDING HELPING TO OPEN (OR EXPAND) A SMALL BUSINESS, OR REFERRING CLIENTS TO OTHER ORGANIZATIONS OR INDIVIDUALS FOR RESOURCE, COUNSELING, OR COACHING. WE DO NOT BUILD NEW PROGRAMS, BUT RATHER LEVERAGE A VAST NETWORK OF INDIVIDUALS AND OTHER ORGANIZATIONS TO WALK ALONGSIDE OUR CLIENTS. WE ALSO FREQUENTLY ENGAGE WITH OTHER PARTNERS IN EVALUATING BROADER ECONOMIC DEVELOPMENT AND OTHER PROJECTS WHICH CAN ENHANCE THE QUALITY OF LIFE IN OUR LOCAL COMMUNITIES.
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 | 990 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
- 85-3613051
- 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
- 2021
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S31)
- Assets (IRS master file)
- $5,076,178
- Income (IRS master file)
- $512,362
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $512,362 | $45,835 | $5,076,178 | XML |
| 990 | December 2024 | $1,519,962 | $39,104 | $3,077,322 | XML |
| 990 | December 2023 | $409,135 | $29,541 | $1,566,857 | XML |
| 990 | December 2022 | $326,845 | $18,192 | $930,555 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990-N for 2020 Officer: paul hawkinson | December 31, 2020 | ≤ $50,000 receipts | – | – | e-Postcard |
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 85-3613051).
Questions about TRANSFORM CAPITAL
- What is the EIN of TRANSFORM CAPITAL?
- The employer identification number (EIN) of TRANSFORM CAPITAL is 85-3613051.
- Is TRANSFORM CAPITAL tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2021.
- Are donations to TRANSFORM CAPITAL tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does TRANSFORM CAPITAL 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 TRANSFORM CAPITAL due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did TRANSFORM CAPITAL last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of TRANSFORM CAPITAL?
- The 990 for the year ended December 31, 2025 names MARK CHASSMAN.
- Who are the officers and directors of TRANSFORM CAPITAL?
- The 990 for the year ended December 31, 2025 lists 6 people; 1 received compensation from the organization, the highest $4,800 (ANDREA MCCRORY, CONTRACTED COMMUNITY LIAISON).
- How much revenue does TRANSFORM CAPITAL have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $512,362, expenses of $45,835 and total assets of $5,076,178 at year end.
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All nonprofits in LIBERTYVILLE · Illinois · Community improvement and capacity building