SILVER2022

Community Credit Lab

Seattle, WA   |  http://www.communitycreditlab.org

Mission

To shift power by facilitating capital in relationship with people who face discrimination in the financial system.

Ruling year info

2020

Executive Director

Sandhya Nakhasi

Chief Operating Officer

Ryan Glasgo

Main address

450 Alaskan Way S Suite 200

Seattle, WA 98104 USA

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EIN

84-1899948

NTEE code info

Human Services - Multipurpose and Other N.E.C. (P99)

IRS filing requirement

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

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Communication

Blog

Programs and results

What we aim to solve

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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?

Ada Developers Academy Student Loan Program

Community Credit Lab and Ada Developers Academy have built a program that provides community-funded, 0% interest loans to students going through the Ada program. Ada is a year-long, immersive software development training program that prepares gender minorities to successfully enter software development careers. The first six months of the program include classroom training that is focused on Code Curriculum, Engineering Skills, and Advocacy Training. This stage of the program is so intense and immersive that students are not able to hold other jobs while they work through the curriculum at Ada. So, while Ada is 100% tuition-free (with no income sharing agreements on the backend either), students coming from low-income backgrounds need financial support to care for their basic needs and their families.

Population(s) Served
Work status and occupations
Social and economic status
Ethnic and racial groups
Family relationships
Sexual identity

Lending program for BIPOC and LGBTQ+ owned early-stage small businesses in Minnesota

To demonstrate what’s possible, Community Credit Lab and Common Future partnered with three entrepreneurship support organizations led and primarily focused on supporting entrepreneurs of color to launch three character-based lending programs. The lending programs will distribute capital based on relationship and trust to support entrepreneurs with affordable and flexible capital to help grow their businesses. Each program was designed by their respective Lending Partner (including ConnectUP! Institute) to address the unique challenges of the businesses they support. Community Credit Lab provided program design support to each Lending Partner and will be providing loan management services needed to run and evaluate each of their lending programs.

Population(s) Served
Ethnic and racial groups
Sexual identity
Social and economic status
Work status and occupations

Lending program for growing, Black-owned businesses in Ohio

To demonstrate what’s possible, Community Credit Lab and Common Future partnered with three entrepreneurship support organizations led and primarily focused on supporting entrepreneurs of color to launch three character-based lending programs. The lending programs will distribute capital based on relationship and trust to support entrepreneurs with affordable and flexible capital to help grow their businesses. Each program was designed by their respective Lending Partner (including MORTAR) to address the unique challenges of the businesses they support. Community Credit Lab provided program design support to each Lending Partner and will be providing loan management services needed to run and evaluate each of their lending programs. Each Lending Partner is testing what’s possible if we center the people that face challenges to accessing affordable credit in the design of these programs.

Population(s) Served
Ethnic and racial groups
Social and economic status
Work status and occupations

Lending program to support indigenous women-led businesses in New Mexico & Arizona

To demonstrate what’s possible, Community Credit Lab and Common Future partnered with three entrepreneurship support organizations led and primarily focused on supporting entrepreneurs of color to launch three character-based lending programs. The lending programs will distribute capital based on relationship and trust to support entrepreneurs with affordable and flexible capital to help grow their businesses. Each program was designed by their respective Lending Partner (including Native Women Lead) to address the unique challenges of the businesses they support. Community Credit Lab provided program design support to each Lending Partner and will be providing loan management services needed to run and evaluate each of their lending programs. Each Lending Partner is testing what’s possible if we center the people that face challenges to accessing affordable credit in the design of these programs.

Population(s) Served
Ethnic and racial groups
Social and economic status
Work status and occupations
Ethnic and racial groups
Social and economic status
Work status and occupations
Ethnic and racial groups
Social and economic status
Work status and occupations

Where we work

Awards

Best Nonprofit Start-up 2020

Social Venture Partners Seattle

Videos

How we listen

SOURCE: Self-reported by organization

Seeking feedback from people served makes programs more responsive and effective. Here’s how this organization is listening.

done We shared information about our current feedback practices.

  • How is your organization collecting feedback from the people you serve?

    Electronic surveys (by email, tablet, etc.), Focus groups or interviews (by phone or in person),

  • How is your organization using feedback from the people you serve?

    To identify and remedy poor client service experiences, To identify bright spots and enhance positive service experiences, To make fundamental changes to our programs and/or operations, To inform the development of new programs/projects, To identify where we are less inclusive or equitable across demographic groups, To strengthen relationships with the people we serve, To understand people's needs and how we can help them achieve their goals,

  • With whom is the organization sharing feedback?

  • Which of the following feedback practices does your organization routinely carry out?

  • What challenges does the organization face when collecting feedback?

Financials

Community Credit Lab
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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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lock

Connect with nonprofit leaders

Subscribe

Build relationships with key people who manage and lead nonprofit organizations with GuideStar Pro. Try a low commitment monthly plan today.

  • Analyze a variety of pre-calculated financial metrics
  • Access beautifully interactive analysis and comparison tools
  • Compare nonprofit financials to similar organizations

Want to see how you can enhance your nonprofit research and unlock more insights? Learn More about GuideStar Pro.

Community Credit Lab

Board of directors
as of 06/02/2022
SOURCE: Self-reported by organization

Board leadership practices

SOURCE: Self-reported by organization

GuideStar worked with BoardSource, the national leader in nonprofit board leadership and governance, to create this section.

  • Board orientation and education
    Does the board conduct a formal orientation for new board members and require all board members to sign a written agreement regarding their roles, responsibilities, and expectations? Yes
  • CEO oversight
    Has the board conducted a formal, written assessment of the chief executive within the past year ? Not applicable
  • Ethics and transparency
    Have the board and senior staff reviewed the conflict-of-interest policy and completed and signed disclosure statements in the past year? Yes
  • Board composition
    Does the board ensure an inclusive board member recruitment process that results in diversity of thought and leadership? Yes
  • Board performance
    Has the board conducted a formal, written self-assessment of its performance within the past three years? Not applicable

Organizational demographics

SOURCE: Self-reported; last updated 4/5/2022
info Candid has made improvements to the race and ethnicity options.

Who works and leads organizations that serve our diverse communities? Candid partnered with CHANGE Philanthropy on this demographic section.

Leadership

The organization's leader identifies as:

Race & ethnicity
Asian/Asian American
Gender identity
Female, Not transgender (cisgender)
Sexual orientation
Heterosexual or straight
Disability status
Person without a disability

The organization's co-leader identifies as:

Race & ethnicity
White/Caucasian/European
Gender identity
Male, Not transgender (cisgender)
Sexual orientation
Heterosexual or straight
Disability status
Person without a disability

Race & ethnicity

Gender identity

 

Sexual orientation

Disability

Equity strategies

Last updated: 04/05/2022

GuideStar partnered with Equity in the Center - an organization that works to shift mindsets, practices, and systems to increase racial equity - to create this section. Learn more

Data
  • We review compensation data across the organization (and by staff levels) to identify disparities by race.
  • We ask team members to identify racial disparities in their programs and / or portfolios.
  • We analyze disaggregated data and root causes of race disparities that impact the organization's programs, portfolios, and the populations served.
  • We disaggregate data to adjust programming goals to keep pace with changing needs of the communities we support.
  • We employ non-traditional ways of gathering feedback on programs and trainings, which may include interviews, roundtables, and external reviews with/by community stakeholders.
  • We disaggregate data by demographics, including race, in every policy and program measured.
  • We have long-term strategic plans and measurable goals for creating a culture such that one’s race identity has no influence on how they fare within the organization.
Policies and processes
  • We use a vetting process to identify vendors and partners that share our commitment to race equity.
  • We have a promotion process that anticipates and mitigates implicit and explicit biases about people of color serving in leadership positions.
  • We seek individuals from various race backgrounds for board and executive director/CEO positions within our organization.
  • We have community representation at the board level, either on the board itself or through a community advisory board.
  • We help senior leadership understand how to be inclusive leaders with learning approaches that emphasize reflection, iteration, and adaptability.
  • We engage everyone, from the board to staff levels of the organization, in race equity work and ensure that individuals understand their roles in creating culture such that one’s race identity has no influence on how they fare within the organization.