CALVERT IMPACT CAPITAL INC

BETHESDA, MD | Montgomery County
Economic Development
CALVERT IMPACT CAPITAL INC
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As of , this nonprofit no longer meets findCRA's qualification requirements and will no longer appear in CQ search results.

Reason for disqualification:

Overview

CALVERT IMPACT CAPITAL INC
52-1591398
7315 WISCONSIN AVE STE 1000W
BETHESDA, MD 20814
Montgomery County

Mission Statement info

This nonprofit has not reported a mission statement.

CRA Category info
  • Economic Development
Nonprofit location info
  • This nonprofit is not located in any CRA geographies.
Awards & Certifications info
  • CDFI Award Recipient
Founded info
Not reported
Total Employees info
Not reported
Total Volunteers info
Not reported
Nonprofit Classification (NTEE Code) info
S30

S - Community Improvement, Capacity Building

Economic Development

Organizations whose primary purpose is to stimulate the economy, expand employment opportunities, encourage the establishment and growth of commerce and industry and otherwise enhance the economic development of the community.

IRS Activity Codes info
514
Government spending
-
Not reported
-
Not reported
Standard Business Classification (NAICS Code) info
813410
Civic and Social Organizations

CRA Alignment

CRA Category info
Economic Development
Workforce development, job training, and small business or startup support.
What does it mean for a nonprofit to be CRA aligned?
Each nonprofit on Community Qualifier has been reviewed by findCRA utilizing a dual evaluation process. Nonprofits are first evaluated by our proprietary algorithm, CRANIA, and then further validated by our CRA experts. When nonprofit passes both parts of this review, we create a nonprofit profile for them on Community Qualifier. From there, a nonprofit can claim their profile and add additional information including their programs & services, counties served, targeted clients and income groups and more.
Awards & Certifications info
Community Development Financial Institution info
Community Development Financial Institution Award Recipient info
New Market Tax Credit Recipient info
YearAmountProgramAwardee Name
2013 $1,347,000 CDFI Financial Assistance open_in_new Calvert Social Investment Foundation

Includes CDFI Fund awards granted between January 2013 and December 2023

HUD Counseling Agency info
Low Income Housing Tax Credit Recipient info

IRS Summary

Income
$64.7M
Revenue
$30.1M
Assets
$659.3M

IRS Business Master File Details info

As of March 2024
Exempt Ruling Date info
1989-06
Deductibility Status info
Deductible
Last Tax Filing info
2022
Organization Type info
Corporation
Organization Tax Filing Status info
990 (all other) or 990EZ return
Foundation Tax Filing Status info
990-PF not required by IRS
Affiliation Classification info
Independent Organization
Basis for Foundation/Public Charity Status info
Organization which receives a substantial part of its support from a governmental unit or the general public 170(b)(1)(A)(vi)

IRS Publication 78 Details info

As of March 2024
Verified in Publication 78 info
Yes
Deductibility Limitation info
50% (60% for cash contributions)
Organization Description info
A public charity

IRS Form 990 Returns info

Through August 2023
Tax period ending in
2021-12
E-File
990
E-File
990-T
XML
990
XML
990-T
Tax period ending in
2020-12
E-File
990
E-File
990-T
XML
990
XML
990-T
Tax period ending in
2019-12
PDF
990
PDF
990-T
Tax period ending in
2018-12
PDF
990
PDF
990-T
PDF
990-T
E-File
990
XML
990
Tax period ending in
2016-12
E-File
990
XML
990

Nonprofit Location

Physical Address info
7315 WISCONSIN AVE STE 1000W
BETHESDA, MD 20814
Montgomery County
Area Type info
Metropolitan Statistical Area
FIPS Geocoded Address info
23224
MSA/MD info
24
State info
031
County info
7048.04
Tract info
Upper
Income Level info
Core-Based Statistical Area info
47900 - Washington-Arlington-Alexandria, DC-VA-MD-WV
Combined Statistical Area info
548 - Washington-Baltimore-Arlington, DC-MD-VA-WV-PA
Metropolitan Division info
23224 - Frederick-Gaithersburg-Rockville, MD
Located In info
Low- or Moderate-Income Census Tract info
Opportunity Zone info
Majority Minority Census Tract info 31.87%
FFIEC Designated Distressed Census Tract info
FFIEC Underserved Census Tract info

Market Data

Census Tract County
7048.04 Montgomery County
Population
Total Population 1,886 1,056,910
Total Households 1,000 385,284
Income
Median Family Income (Census*) $196,453 $125,583
Median Family Income (2023 FFIEC est.) $151,400 $151,400
Tract Income Percentage 152.18% N/A
Below Poverty Level 4.2% 7.2%
Unemployment Level 3.7% 4.8%
Housing
Total Housing Units 1,185 403,643
Total Owner-Occupied Units 38.9% 65.5%
Total Renter-Occupied Units 45.5% 34.5%
Total Vacant Units 15.6% 4.9%
* Census tract income based on 2020 American Community Survey data as reported in the 2023 FFIEC Census Flat File; County income based on 2022 American Community Survey data.
View more than 200 performance context data points for this county now.

Management

Not reported
Total Voting Members
in Governing Body info
Not reported
Independent Voting Members
in Governing Body info
Tax Filing Signatory info
Derek Strocher
(800) 248-0337
Principal Officer info
Not reported by nonprofit.
findCRA Profile Owner
Nonprofit profile has not yet been claimed
Key Policies & Documents info
Written Conflict of Interest Policy
Written Document Retention & Destruction Policy
Written Whistleblower Policy
CEO Compensation Review Process
Written Minutes of Board Meetings
Financial Statements & Reporting info
Compiled or Reviewed by an Independent Accountant
Audited by an Independent Accountant
Included in Consolidated Financial Statements
Internal Audit Committee Review
Federal Grant Audit Required
Federal Grand Audit Performed
Organization Activities info
Provides Credit Counseling
Conducts Gaming Activities
Engages in Lobbying Activities
Engages in Political Activities
Makes Grants to Individuals
Makes Grants to Organizations

Information in this section is extracted from the nonprofit's e-filed tax return and based on answers provided by the nonprofit in their 990T e-filed for the tax period ending on 2021-12.

A hyphen (“-“) in this section indicates that the information was not required by the IRS or not reported by the nonprofit in its tax return e-filing.

This Nonprofit Profile was automatically created by findCRA based on data available from publicly available government and industry sources and our own research. This Nonprofit Profile is not currently maintained by, endorsed by, or affiliated with this nonprofit. Whenever possible, we utilize the most recent information available including information as made public by the Internal Revenue Service, U.S. Census Bureau, Federal Financial Institutions Examination Council, and more. The format and design of this Nonprofit Profile is ©findCRA. For more information about our Nonprofit Profiles, please visit help.findcra.com.