Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jan 2014.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
74 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
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Who runs it and what they're paid
14 people listed on the 990; $815K paid to officers and key staff.
David Ramirez’s $205K as Market President is at the 68th percentile of top reported officer pay among 2832 $1–10M community development nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 8 named individuals · Part VII
| Name | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| David Ramirez | $204,780 | $196,049 | — | — | — |
| David Desai-Ramirez | — | — | $194,587 | — | — |
| Ruben Alonso III | $189,504 | $190,479 | $187,928 | $179,559 | $163,779 |
| Patrice Becker | $158,330 | $109,900 | — | — | — |
| Richard Vohs | $153,724 | $152,096 | $81,725 | — | — |
| Anthony Williams | — | $116,154 | $148,103 | — | — |
| Carmen Lopez | — | $147,979 | — | — | — |
| Marcos Hernandez | $124,026 | — | — | — | — |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
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Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2No
- Top official's pay set by an independent reviewPt VI · Ln 15aYes
Programs and updates
Helps people with disabilities access resources and opportunities.
Questions for Altcap
Your first name shows with your question. Altcap answers here, for everyone.
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Lending In 2022, the Organization continued to deploy needed financing to underserved and overlooked entrepreneurs. The Organization was able expand its reach to more communities and serve more entrepreneurs, providing access to capital to support new, small business creation as well as support the growth of existing small businesses.
Small Business Development The Organization provides in-kind service/resources to an affiliate organization that invest in innovative and measurable community development that aligns with and strengthens the financial, human, and social capital of under-resourced neighborhoods in the Kansas City metropolitan region.
New Market Tax Credits Since 2008, the Organization has participated in a federal tax credit program that is used to stimulate investment in economically distressed communities. The Organization cumulatively has deployed 213 million in New Market Tax Credits allocation which were used to finance job creating businesses and as a catalyst…
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2022 990, line by line.
Download 990
| Line | Start FY22 | End FY22 |
|---|---|---|
| Cash and savingsLn 1–2 | $13.2M | $13.2M |
| InvestmentsLn 11–13 | $275K | $272K |
| Land, buildings, equipmentLn 10c | $860 | $544 |
| Total assetsLn 16 | $30.3M | $30.3M |
| LiabilitiesLn 26 | $14.4M | $12.8M |
| Net assetsLn 32 | $15.9M | $17.4M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $1.6M | $1.6M | ||
| Grants to domestic individualsLn 2 | $0 | |||
| Grants and assistance to foreign recipientsLn 3 | $0 | |||
| Benefits paid to or for membersLn 4 | $0 | |||
| Pay of current officers, directors and key staffLn 5 | $359K | $139K | $179K | $40K |
| Pay of disqualified personsLn 6 | $0 | |||
| Other salaries and wagesLn 7 | $1.1M | $688K | $320K | $80K |
| Pension plan contributionsLn 8 | $13K | $8K | $4K | $963 |
| Other employee benefitsLn 9 | $103K | $65K | $30K | $8K |
| Payroll taxesLn 10 | $113K | $65K | $39K | $9K |
| Management feesLn 11a | $0 | |||
| Legal feesLn 11b | $193K | $193K | ||
| Accounting feesLn 11c | $115K | $115K | ||
| Lobbying feesLn 11d | $0 | |||
| Investment management feesLn 11f | $0 | |||
| Other fees for servicesLn 11g | $317K | $35K | $111K | $170K |
| Advertising and promotionLn 12 | $14K | $9K | $5K | |
| Office expensesLn 13 | $32K | $13K | $17K | $2K |
| Information technologyLn 14 | $81K | $81K | ||
| RoyaltiesLn 15 | $0 | |||
| OccupancyLn 16 | $48K | $27K | $16K | $4K |
| TravelLn 17 | $64K | $64K | ||
| Travel and entertainment for public officialsLn 18 | $0 | |||
| Conferences, conventions and meetingsLn 19 | $33K | $33K | ||
| InterestLn 20 | $295K | $295K | ||
| Payments to affiliatesLn 21 | $0 | |||
| Depreciation, depletion and amortizationLn 22 | $15K | $9K | $5K | $1K |
| InsuranceLn 23 | $24K | $24K | ||
| Other expenses (24a–d)Ln 24 | $719K | $719K | ||
| All other expensesLn 24e | $40K | $20K | $21K | |
| Total functional expensesLn 25 | $5.2M | $3.9M | $1.1M | $315K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Latest | $3.8M | $9.4M | −$5.6M | $12.3M | 990 PDF |
| FY2023 | $7.6M | $4.0M | $3.5M | $17.9M | 990 PDF |
| FY2022 Viewing | $6.8M | $5.2M | $1.5M | $17.4M | 990 PDF |
| FY2021 | $6.2M | $2.7M | $3.5M | $15.9M | 990 PDF |
| FY2020 | $4.6M | $2.6M | $2.0M | $12.4M | 990 PDF |
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Schedules filed Part IV
See the full FY2022 990 (6 parts)
Part I · Summary $6,756,411 revenue, 12 lines filed
Part VI · Governance 8 of 8 board members independent, 1 to look at
Part VIII · Statement of revenue $6,756,411 across 6 lines filed
Part IX · Statement of functional expenses $5,241,269 across 30 lines filed
Part X · Balance sheet $30,256,354 assets, 17 lines filed
Part XI · Reconciliation of net assets $17,410,571 net assets at year end
Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File
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