Transform Capital

Investors in Human Flourishing | A Nonprofit Lending Movement That Makes No Cents

Libertyville, IL   |  www.tccommunity.org

Mission

We are a growing nonprofit lending movement of "Investors in Human Flourishing". We IGNITE generational advantage for neighbors beginning the Journey of home or business ownership. We know that "Flourishing" is far more than economic, but economics matter, and believe in igniting the long-term potential of asset ownership for deserving families often marginalized by both traditional financial systems and the ravages of payday loans. As a "Lending Movement That Makes No Cents", we provide "Capital and Catalyst to Lift up --and learn from--our Neighbors". Capital in the form of market-rate mortgage and business loans, and Catalyst as we harness the power of our growing network to walk alongside deserving families over the decades-long journey of asset ownership.

Notes from the nonprofit

Since our inception in 2020, we have focused our mission within North Chicago, IL, but have begun conversations with other areas in the Chicago metropolitan area as well as communities in other States including Nebraska, Washington and Alaska as we equip and encourage others to extend and / or replicate our model.

Ruling year info

2021

Executive Director and Co-Founder

Paul Hawkinson

Main address

31110 N Reigate Ln

Libertyville, IL 60048 USA

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EIN

85-3613051

NTEE code info

Urban, Community (S31)

IRS filing requirement

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

Communication

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?

Capital | Recyclable Community Lending

We ignite the generation potential of asset ownership, providing Capital and Catalyst to Lift up, and learn from, our neighbors.
We transform donated funds into market-rate mortgage and business loans for deserving families often marginalized by traditional financial systems and the ravages of payday lending. 100% of our clients are sourced through referral from remarkable nonprofit partners already long serving local communities. As a nonprofit lender "that makes no CENTS", our clients realize that by paying a loan forward, they are an integral part of creating fully recyclable capital, making ownership possible for another neighbor.

Population(s) Served
Multiracial people
People of African descent
People of Latin American descent
Low-income people
Working poor

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 to walk alongside our clients, while enhancing collaboration among many local nonprofits. We also frequently engage with partners in evaluating broader economic development / other projects that enhance the quality of life in local communities.

Population(s) Served
Multiracial people
People of African descent
People of Latin American descent
Economically disadvantaged people
Immigrants and migrants
Multiracial people
People of African descent
People of Latin American descent
Economically disadvantaged people
Immigrants and migrants

Where we work

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.
  • Who are the people you serve with your mission?

    We serve families pursuing Home and business ownership in local communities. We are serve other nonprofit partners through whom we gain referral to future clients. We seek consistent feedback from both our partners and our clients.

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

    We are in direct relationship and conversation with our clients and partners on a regular basis,

  • 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?

    The people we serve, Our board, Our funders, Our community partners,

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

    We collect feedback from the people we serve at least annually, We take steps to get feedback from marginalized or under-represented people, We aim to collect feedback from as many people we serve as possible, We take steps to ensure people feel comfortable being honest with us, We look for patterns in feedback based on demographics (e.g., race, age, gender, etc.), We look for patterns in feedback based on people’s interactions with us (e.g., site, frequency of service, etc.), We engage the people who provide feedback in looking for ways we can improve in response, We act on the feedback we receive, We tell the people who gave us feedback how we acted on their feedback,

  • What challenges does the organization face when collecting feedback?

    We don't have any major challenges to collecting feedback,

Financials

Transform Capital

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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
  • 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.

Transform Capital

Board of directors
as of 07/10/2022
SOURCE: Self-reported by organization
Board chair

Mark Chassman

Stephen Kawasaki

Frederick Tolbert

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? Not applicable
  • 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 1/22/2022

Who works and leads organizations that serve our diverse communities? GuideStar partnered on this section with CHANGE Philanthropy and Equity in the Center.

Leadership

The organization's 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: 01/22/2022

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 analyze disaggregated data and root causes of race disparities that impact the organization's programs, portfolios, and the populations served.
  • We employ non-traditional ways of gathering feedback on programs and trainings, which may include interviews, roundtables, and external reviews with/by community stakeholders.
Policies and processes
  • We use a vetting process to identify vendors and partners that share our commitment to race equity.
  • We seek individuals from various race backgrounds for board and executive director/CEO positions within our organization.
  • We help senior leadership understand how to be inclusive leaders with learning approaches that emphasize reflection, iteration, and adaptability.