Community Capital Fund Inc

Address
240 Fairfield avenue No 3rd fl
Bridgeport, CT 06604
Contact
Website: http://www.commcap.org
Phone: +1 (203) 332-7977
Nonprofit
NTEE: T31 - Community Foundations
EIN: 06-1469830

Mission

TO PROMOTE ECONOMIC DEVELOPMENT AND COMMUNITY REVITALIZATION, IMPROVE ECONOMIC CONDITIONS AND OPPORTUNITIES, AND COMBAT COMMUNITY DETERIORATION AND BUSINESS DISTRESS IN THE GREATER BRIDGEPORT CT AREA. CCF ACHIEVES THESE GOALS BY PROVIDING TECHNICAL ASSISTANCE AND FINANCING TO OTHER NONPROFIT ORGANIZATIONS AND FOR PROFIT BUSINESSES IN BRIDGEPORT IN NEED OF SUCH SUPPORT. ADDITIONALLY, CCF PROVIDES FINANCING TO LOCAL ORGANIZATIONS AND INDIVIDUALS WHO ARE GENERALLY UNABLE TO QUALIFY FOR CREDIT FROM BANKS, AND FOR THE REHABILITATION AND NEW CONSTRUCTION OF MULTIFAMILY HOUSING AND MIXED USE RESIDENTIAL AND COMMERCIAL PROPERTIES. PROJECTS FINANCED BY CCF BENEFIT LOW AND MODERATE INCOME PERSONS AND SPECIAL NEEDS POPULATIONS IN TARGETED NEIGHBORHOODS IN THE BPT AREA. FUNDING FOR THESE LOANS HAS BEEN PROVIDED FROM LOCAL BANKS, GOVERNMENTAL AGENCIES AND NOT FOR PROFIT SOURCES.
 20152014201320122011
Basic features of the organization
Year of formation1996
Subsection code03
PF filing required0    
Metropolitan statistical area5483
Form of organization
CorporationTrue
Human resources, including compensation
Summary compensation info
Total compensation of current key personnel$116,721.00$96,706.00$91,211.00$79,208.00$79,413.00
Sum of reportable (W2/1099) compensation$98,205.00$96,706.00$91,211.00$79,208.00$79,413.00
Number of employees54444
Number of people compensated >$100k00000
Number of volunteers00000
Number of highly compensated contractors000  
Personnel
Belcamino, Beverly
TitleBoard MemberBOARD MEMBERBOARD MEMBERBOARD MEMBERBOARD MEMBER
Name of key/compensated personBeverly BelcaminoBEVERLY BELCAMINOBEVERLY BELCAMINOBEVERLY BELCAMINOBEVERLY BELCAMINO
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrueTrue
Average hours per week working for org1.001.001.001.001.00
Reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Bidolli, Brian
Title    BOARD MEMBER
Name of key/compensated person    BRIAN BIDOLLI
Position of compensated person
Current individual trustee or director    True
Average hours per week working for org    1.00
Reportable compensation from org    $0.00
Other comp, non-reportable, from org and related orgs    $0.00
Corresponding comp from related orgs
Reportable compensation from related orgs     $0.00
Clay, Ginne
TitleBoard MemberBOARD MEMBER   
Name of key/compensated personGinne Rae ClayGINNE RAE CLAY   
Position of compensated person
Current individual trustee or directorTrueTrue   
Average hours per week working for org1.001.00   
Reportable compensation from org$0.00$0.00   
Other comp, non-reportable, from org and related orgs$0.00$0.00   
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00   
Colon, Carmen
TitleSecretarySECRETARYVICE PRESIDENTVICE PRESIDENTBOARD MEMBER
Name of key/compensated personCarmen ColonCARMEN COLONCARMEN COLONCARMEN COLONCARMEN COLON
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrueTrue
Average hours per week working for org1.001.001.001.001.00
Reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Escobedo, Marcia
TitleBoard MemberBOARD MEMBERBOARD MEMBERBOARD MEMBER 
Name of key/compensated personMarcia EscobedoMARCIA ESCOBEDOMARCIA ESCOBEDOMARCIA ESCOBEDO 
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrue 
Average hours per week working for org1.001.001.001.00 
Reportable compensation from org$0.00$0.00$0.00$0.00 
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00 
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00 
Ford, Kimberly
TitleBoard memberBOARD MEMBERBOARD MEMBERBOARD MEMBERBOARD MEMBER
Name of key/compensated personKimberly FordKIMBERLY FORDKIMBERLY FORDKIMBERLY FORDKIMBERLY FORD
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrueTrue
Average hours per week working for org1.001.001.001.001.00
Reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Grace, Michael
Title    TREASURER
Name of key/compensated person    MICHAEL GRACE
Position of compensated person
Average hours per week working for org    1.00
Reportable compensation from org    $0.00
Other comp, non-reportable, from org and related orgs    $0.00
Corresponding comp from related orgs
Reportable compensation from related orgs     $0.00
Gremse, Kevin
TitleBoard MemberBOARD MEMBERBOARD MEMBERBOARD MEMBERBOARD MEMBER
Name of key/compensated personKevin GremseKEVIN GREMSEKEVIN GREMSEKEVIN GREMSEKEVIN GREMSE
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrueTrue
Average hours per week working for org1.001.001.001.001.00
Reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Kazanas, Christina
TitleVice PresidentVICE PRESIDENTSECRETARYSECRETARYBOARD MEMBER
Name of key/compensated personChristina KazanasCHRISTINA KAZANASCHRISTINA KAZANASCHRISTINA KAZANASCHRISTINA KAZANAS
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrueTrue
Average hours per week working for org1.001.001.001.001.00
Reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Lavernoich, Ed
TitleTreasurerTREASURERTREASURERTREASURERSECRETARY
Name of key/compensated personEd LavernoichED LAVERNOICHED LAVERNOICHED LAVERNOICHED LAVERNOICH
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrue 
Average hours per week working for org1.001.001.001.001.00
Reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Paoletta, Joseph
TitlePresidentPRESIDENTPRESIDENTPRESIDENTPRESIDENT
Name of key/compensated personJoseph PaolettaJOSEPH PAOLETTAJOSEPH PAOLETTAJOSEPH PAOLETTAJOSEPH PAOLETTA
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrue 
Average hours per week working for org1.001.001.001.001.00
Reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Philips, Stephanie
TitleBoard MemberBOARD MEMBERBOARD MEMBERBOARD MEMBERBOARD MEMBER
Name of key/compensated personStephanie PhilipsSTEPHANIE PHILIPSSTEPHANIE PHILIPSSTEPHANIE PHILIPSSTEPHANIE PHILIPS
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrueTrue
Average hours per week working for org1.001.001.001.001.00
Reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Robinson, Ann
TitleExecutive DirectorEXECUTIVE DIRECTOREXECUTIVE DIRECTOREXECUTIVE DIRECTOREXECUTIVE DIRECTOR
Name of key/compensated personAnn RobinsonANN ROBINSONANN ROBINSONANN ROBINSONANN ROBINSON
Position of compensated person
Average hours per week working for org40.0040.0040.0040.0040.00
Reportable compensation from org$98,205.00$96,706.00$91,211.00$79,208.00$79,413.00
Other comp, non-reportable, from org and related orgs$18,516.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Robinson, Jeffrey
TitleBoard MemberBOARD MEMBER   
Name of key/compensated personJeffrey RobinsonJEFFREY ROBINSON   
Position of compensated person
Current individual trustee or directorTrueTrue   
Average hours per week working for org1.001.00   
Reportable compensation from org$0.00$0.00   
Other comp, non-reportable, from org and related orgs$0.00$0.00   
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00   
Scott, Charles
TitleBoard MemberBOARD MEMBERBOARD MEMBERBOARD MEMBERBOARD MEMBER
Name of key/compensated personCharles ScottCHARLES SCOTTCHARLES SCOTTCHARLES SCOTTCHARLES SCOTT
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrueTrue
Average hours per week working for org1.001.001.001.001.00
Reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Stewart, Chad
TitleBoard MemberBOARD MEMBERBOARD MEMBERBOARD MEMBER 
Name of key/compensated personChad StewartCHAD STEWARTCHAD STEWARTCHAD STEWART 
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrue 
Average hours per week working for org1.001.001.001.00 
Reportable compensation from org$0.00$0.00$0.00$0.00 
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00 
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00 
Purpose: mission, activities, & accomplishments
Mission or significant activitiesTO PROMOTE ECONOMIC DEVELOPMENT AND COMMUNITY REVITALIZATION TO IMPROVE CONDITIONS AND OPPORTUNITIES AND COMBAT COMMUNITY DETERIORATION AND BUSINESS DISTRESS IN THE GREATER BRIDGEPORT CONNECTICUT AREA.TO PROMOTE ECONOMIC DEVELOPMENT AND COMMUNITY REVITALIZATION IMPROVE ECONOMIC CONDITIONS AND OPPORTUNITIES AND COMBAT COMMUNITY DETERIORATION AND BUSINESS DISTRESS IN THE GREATER BRIDGEPORT CONNECTICUT AREA.TO PROMOTE ECONOMIC DEVELOPMENT AND COMMUNITY REVITALIZATION IMPROVE ECONOMIC CONDITIONS AND OPPORTUNITIES AND COMBAT COMMUNITY DETERIORATION AND BUSINESS DISTRESS IN THE GREATER BRIDGEPORT CONNECTICUT AREA.TO PROMOTE ECONOMIC DEVELOPMENT AND COMMUNITY REVITALIZATION IMPROVE ECONOMIC CONDITIONS AND OPPORTUNITIES AND COMBAT COMMUNITY DETERIORATION AND BUSINESS DISTRESS IN THE GREATER BRIDGEPORT CONNECTICUT AREA.TO PROMOTE ECONOMIC DEVELOPMENT AND COMMUNITY REVITALIZATION IMPROVE ECONOMIC CONDITIONS AND OPPORTUNITIES AND COMBAT COMMUNITY DETERIORATION AND BUSINESS DISTRESS IN THE GREATER BRIDGEPORT CONNECTICUT AREA.
Program service expenses, total$1,347,377.00$887,904.00$770,774.00$740,264.00$1,434,940.00
Programs, including revenue & expenses
OPERATIONS - TO PROMOTE ECONOMIC DEVELOPMENT AND COMMUNITY REVITALIZATION, IMPROVE ECONOMIC CONDITIONS AND OPPORTUNITIES, AND COMBAT COMMUNITY DETERIORATION AND BUSINESS DISTRESS IN BRIDGEPORT, CONNECTICUT.
Program expenses$1,347,377.00$887,904.00$770,774.00$740,264.00$890,457.00
Program revenue$518,504.00    
Program descriptionOPERATIONS - TO PROMOTE ECONOMIC DEVELOPMENT AND COMMUNITY REVITALIZATION, IMPROVE ECONOMIC CONDITIONS AND OPPORTUNITIES, AND COMBAT COMMUNITY DETERIORATION AND BUSINESS DISTRESS IN BRIDGEPORT, CONNECTICUT.OPERATIONS - TO PROMOTE ECONOMIC DEVELOPMENT AND COMMUNITY REVITALIZATION, IMPROVE ECONOMIC CONDITIONS AND OPPORTUNITES, AND COMBAT COMMUNITY DETERIORATION AND BUSINESS DISTRESS IN BRIDGEPORT, CONN.OPERATIONS - TO PROMOTE ECONOMIC DEVELOPMENT AND COMMUNITY REVITALIZATION, IMPROVE ECONOMIC CONDITIONS AND OPPORTUNITES, AND COMBAT COMMUNITY DETERIORATION AND BUSINESS DISTRESS IN BRIDGEPORT, CONN.OPERATIONS - TO PROMOTE ECONOMIC DEVELOPMENT AND COMMUNITY REVITALIZATION, IMPROVE ECONOMIC CONDITIONS AND OPPORTUNITES, AND COMBAT COMMUNITY DETERIORATION AND BUSINESS DISTRESS IN BRIDGEPORT, CONN.OPERATIONS - TO PROMOTE ECONOMIC DEVELOPMENT AND COMMUNITY REVITALIZATION, IMPROVE ECONOMIC CONDITIONS AND OPPORTUNITES, AND COMBAT COMMUNITY DETERIORATION AND BUSINESS DISTRESS IN BRIDGEPORT, CONN.
PROVISION FOR CREDIT LOSSES - THE AGENCY PROVIDES A PROVISION FOR CREDIT LOSSES BASED UPON A REVIEW OF ALL OUTSTANDING LOAN BALANCE CONSIDERING DELINQUENCY AND SUPPORTING COLLATERAL.
Program expenses    $544,483.00
Program description    PROVISION FOR CREDIT LOSSES - THE AGENCY PROVIDES A PROVISION FOR CREDIT LOSSES BASED UPON A REVIEW OF ALL OUTSTANDING LOAN BALANCE CONSIDERING DELINQUENCY AND SUPPORTING COLLATERAL.
Financial data
Revenue
Total revenue$787,890.00$2,653,725.00$824,428.00$1,376,059.00$1,217,128.00
Revenue from contributions (total)$242,256.00$2,085,470.00$192,006.00$603,514.00$476,300.00
Investment income, current yr$21,622.00$910.00$768.00-$5,067.00$88,766.00
Total revenue from grants, etc., current yr$242,256.00$2,085,470.00$192,006.00$603,514.00$476,300.00
Total unrelated business revenue$0.00$0.00$0.00$0.00$0.00
Other revenue, current yr$5,508.00$181.00$201.00$11,290.00$20,190.00
Net unrelated business taxable revenue$0.00$0.00$0.00$0.00$0.00
Program service revenue (total)$518,504.00$567,164.00$631,453.00$766,322.00$631,872.00
Gross receipts$787,890.00$2,653,725.00$824,428.00$1,411,712.00$1,586,802.00
Sources of contributions
Revenue from gov't grants$153,000.00 $105,074.00$536,546.00$237,500.00
Revenue from all other contributions$89,256.00$2,085,470.00$86,932.00$66,968.00$238,800.00
Other types of revenue
Miscellaneous revenue (total)$5,508.00$181.00$201.00$11,290.00$342.00
Income from dividends, interest, and similar investments$21,622.00$910.00$768.00$1,888.00$2,150.00
Net rental income$0.00$0.00$0.00$0.00$19,848.00
Expense categories (totals)
Total functional expenses: sum of all$1,513,352.00$1,015,194.00$874,965.00$835,390.00$1,526,384.00
Total functional expenses: program service $1,347,377.00$887,904.00$770,774.00$740,264.00$1,434,940.00
Total functional expenses: management and general$165,975.00$127,290.00$104,191.00$95,126.00$91,444.00
Total functional expenses: fundraising$0.00$0.00$0.00$0.00$0.00
Fees for services
Legal fees (total)$38,279.00    
Fundraising service fees (total)$0.00$0.00$0.00$0.00$0.00
Assets and liabilities
Total assets$18,763,744.00$19,731,943.00$18,087,168.00$18,138,410.00$18,761,315.00
Total assets, beginning of year$19,731,943.00$18,087,168.00$18,138,410.00$18,940,702.00$19,692,304.00
Total liabilities$13,229,065.00$13,321,269.00$13,313,335.00$13,681,273.00$15,025,028.00
Total liabilities, beginning of year$13,321,269.00$13,313,335.00$13,681,273.00$15,024,234.00$15,646,761.00
Unrestricted net assets, end of yr$85,921.00$244,077.00$383,875.00$29,013.00$1,021,626.00
Temporarily restricted net assets$2,144,902.00$2,187,231.00$273,317.00$274,519.00$273,107.00
Permanently restricted net assets, end of yr$3,303,856.00$3,979,366.00$4,116,641.00$4,153,605.00$2,441,554.00
Net assets$5,534,679.00$6,410,674.00$4,773,833.00$4,457,137.00$3,736,287.00
Net assets, beginning of year$6,410,674.00$4,773,833.00$4,457,137.00$3,916,468.00$4,045,543.00
Other liabilities$3,096,399.00$3,637,644.00$3,363,676.00$3,451,036.00$3,447,117.00
Other assets$2,981,559.00$3,499,790.00$3,196,477.00$3,295,971.00$3,557,823.00
Cash: non-interest bearing$2,655,794.00$2,818,677.00$1,569,136.00$1,489,289.00$2,248,997.00
Cash: non-interest bearing, beginning of year$2,818,677.00$1,569,136.00$1,489,289.00$2,426,377.00$2,321,512.00
Other financial variables
Revenue less expenses-$725,462.00$1,638,531.00-$50,537.00$540,669.00-$309,256.00
Advertising (total)$19,043.00$12,539.00$17,238.00$11,462.00$30,645.00
Savings & temp cash investment$208,452.00$184,281.00$183,560.00$182,827.00$181,095.00
Prepaid expenses & deferred charges$32,213.00$25,996.00$33,446.00$26,327.00$37,945.00
Accounts payable & accrued expenses$98,974.00$111,711.00$97,185.00$93,948.00$87,351.00
Deferred revenue$4,154,191.00$4,300,000.00$4,320,470.00$4,345,544.00$4,907,640.00
Secured mortgages and notes payable$5,879,501.00$5,271,914.00$5,532,004.00$5,790,745.00$6,582,920.00
Total net assets or fund balances$5,534,679.00$6,410,674.00$4,773,833.00$4,457,137.00$3,736,287.00
Depreciation, depletion, amortization$14,669.00$15,347.00$15,396.00$15,722.00$16,352.00
Governance and accountability
Number of voting members1314121111
Number of independent voting members1314111011
Financial sheets auditedTrueTrueTrueTrueTrue
Accrual accountingTrueTrueTrueTrueTrue
Tax year start date2015-01-012014-01-012013-01-012012-01-012011-01-01
Tax year end date2015-12-012014-12-012013-12-012012-12-012011-12-01
Indicators for schedules (selected)
Business transaction with entity owner   True 
Business transaction with employee TrueTrueTrueTrue
Grants to domestic org/gov't >$5k    True
Metadata about the filing
E-return type: 990, 990EZ, or 990PF990990990990990
Date e-filing submitted2017-02-172015-07-092014-10-222013-08-092012-10-23
IRS schema version2015v2.12014v5.02013v3.02012v2.12011v1.2
Filing identifier201603079349300525201541739349300679201411749349300761201301789349300335201221959349300742
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