Catalyst Community Capital, Inc.

Creative Capital for Complex Issues

aka Catalyst Community Capital, Inc.   |   Tampa, FL   |  https://www.catalystimpact.org/

Mission

Catalyst Community Capital, Inc.'s mission is to promote community and economic development that strengthens the social and economic fabric of low-income and underserved communities by providing capital and technical assistance to small business owners, mission-aligned developers, and other organizations focused on community and economic development.

Ruling year info

2019

President

Joseph Bonora

Main address

936 S Howard Avenue Suite 202

Tampa, FL 33606 USA

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EIN

83-2202198

NTEE code info

Fund Raising and/or Fund Distribution (J12)

Community Improvement, Capacity Building N.E.C. (S99)

Housing Development, Construction, Management (L20)

IRS filing requirement

This organization is required to file an IRS Form 990 or 990-EZ.

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Programs and results

What we aim to solve

SOURCE: Self-reported by organization

Many small businesses and developers located in low-income and under-served communities lack the access to the capital and resources necessary to successfully grow. These businesses and organizations often fail to meet the underwriting requirements of banks and conventional lenders, which limits their ability to grow and/or causes the business owners to obtain high-cost and sometimes predatory funding. Without the proper funding, businesses cannot expand and mission-based developers cannot get their projects built. As a consequence, the cycle of unemployment, poverty and blight continues to persist in these communities. Catalyst's mission is to address the following issues within low- and moderate-income communities: -Limited access to capital for minority and women-owned small businesses and mission-based developers -Lack of resources available, including networking opportunities and education, to businesses owned by low- and moderate-income individuals

Our programs

SOURCE: Self-reported by organization

What are the organization's current programs, how do they measure success, and who do the programs serve?

Bridge Loan Program

Short-term financing for acquisition, refinance and re-positioning of affordable housing, health care and education facilities.

Population(s) Served

Catalyst provides up to 90% loan-to-cost financing to small business owners for the acquisition or construction of owner occupied commercial real estate.

Population(s) Served

Catalyst's microenterprise loan program provides loans up to $50,000, business counseling, and technical assistance to start-ups, newly established and growing small business concerns with five or less employees. The Program promotes economic development in underserved areas by providing capital to businesses that create or retain jobs for low-to-moderate income people.

Population(s) Served

Where we work

Our Sustainable Development Goals

SOURCE: Self-reported by organization

Learn more about Sustainable Development Goals.

Goals & Strategy

SOURCE: Self-reported by organization

Learn about the organization's key goals, strategies, capabilities, and progress.

Charting impact

Four powerful questions that require reflection about what really matters - results.

Catalyst’s goal is to promote community and economic development that strengthens the social and economic fabric of low-income and underserved communities by providing capital and technical assistance to small business owners, mission-aligned developers, and other organizations focused on community and economic development. We accomplish this by creating innovative loan solutions to foster economic development, job creation and the availability of quality housing that's affordable.

Catalyst provides SBA 504 loans, small business and microenterprise loans, working capital, term loans, and bridge loans to ensure its borrowers have the resources needed to grow their businesses or further their mission. Our loans support job creation/retention and increased wages for residents, expand the availability of affordable housing, and create much needed community facilities to serve low-income households.

In addition to providing capital, Catalyst also offers technical assistance, business coaching, and board support (for nonprofits), which we believe is essential to the success of our borrowers. Our training program is delivered through multiple channels, including in-person meetings, group seminars (via video conference), webinars, and written materials, and covers topics including accounting, legal, marketing, credit building, and access to capital.

By networking and collaborating with community development organizations, banks and credit unions, local government agencies and elected officials, and other stakeholders, we create customized and flexible lending programs and provide training and technical assistance to small businesses owners that don't have access to capital or the resources necessary to thrive.

Financials

Catalyst Community Capital, Inc.
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Operations

The people, governance practices, and partners that make the organization tick.

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Connect with nonprofit leaders

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  • Analyze a variety of pre-calculated financial metrics
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Catalyst Community Capital, Inc.

Board of directors
as of 09/17/2020
SOURCE: Self-reported by organization
Board chair

Michael Maguire

Joseph Bonora

Michael Maguire

Christin Collins

John Talmage

Dana Brunett

Richard Freund

Bryan Simmering