Creating Equitable Access by Bringing Health Care Into The Community
OLE Health – Napa Valley, California
While health centers and clinics serve millions of patients, there are still many who are unable to make it to those facilities. OLE Health is bridging that gap by taking its services on the road to meet patients where they are. The result: more equitable access to quality health care for more people.
► Go along with OLE’s Team on Their Modern Day House Calls
Changing the Older Workforce Paradigm
Peninsula Home Care Cooperative – Port Townsend, Washington
At 75, Raea never imagined she would still be serving as a home caregiver and struggling to get by on a low wage. Yet, Raea’s situation represents a growing workforce dominated by older women. Learn how one organization uses the cooperative model to change that paradigm by empowering and protecting its older staff with competitive wages and management opportunities.
► Meet Raea and Her Co-op Colleagues
How One + One is Greater than Two for Underinvested Neighborhoods
Briya Public Charter School | Martha’s Table | Takoma Place Apartments – Washington, D.C.
As a parent, Diana has a lot to manage among her three children. Fortunately, she discovered a unique opportunity to find a good school and quality health care all in the same place. Across Washington D.C., stories like this are becoming more common as facilities bring together – or “co-locate” – important services that are vital to healthy communities.
► See how Combining Multiple Services is Creating Equity in the Nation’s Capital
Helping Minority Developers Shape the Future of Their Communities
EDI Program – Detroit, Michigan
Too often minority real estate developers are not part of shaping the future of their communities. With our new initiative, developers like Alisha, Chase and Damian are being given a unique opportunity to demonstrate how minority real estate developers can participate in Detroit’s revitalization in a way that reflects the city’s diversity.
► Follow Their Journey
Ensuring all Detroiters Continue to be Part of the City’s Future
Multifamily Displacement and Relocation Report – Detroit, Michigan
While we celebrate Detroit’s resurgence, new concerns have arisen over the displacement of families who can no longer afford rising rents. This threatens the cultural fabric of a city built by residents who have lived there for generations. Our seminal report lays out practical guidance to avert this potential crisis for Detroit’s most vulnerable citizens.
► Read Our Housing Displacement and Solutions Report
Reducing Barriers to Launching Quality Education Opportunities
Our “Answer Key” Simplifies The Construction and Financing Process
No child should miss out on a quality education simply because a school can’t be built or expanded to meet a community’s needs. Yet charter school construction remains a major hurdle for school administrators. Our simple how-to guide helps navigate the facility development process and create new education opportunities where they are needed most.
► Download ‘The Answer Key’
DEBUTING OUR CAPITAL IMPACT INVESTMENT NOTE
In an effort to create a new opportunity that allows investors to align their financial goals with their social values, we debuted our Capital Impact Investment Notes. S&P Global assigned this $100 million offering with a long-term issue credit rating of AA*, marking the first time an S&P rated Notes offering is being made available by a CDFI on a continuous basis.
A range of institutional and retail investors took notice. In just three months, we sold more than $35 million of investments – a third of our offering. This incredible support further amplifies our nationwide efforts to create equitable access to critical social services nationwide.
PARTNERS, FUNDERS AND INVESTORS
Without the commitment from our Board of Directors, as well as a range of funders, investors, and partners we would not be able to fulfill our mission to build communities of opportunity. We thank them for their support!
CAPITAL IMPACT PARTNERS AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF FINANCIAL POSITION 2017
(AS OF DECEMBER 31) AND 2016
|
|
Assets ($ Millions) |
2017 |
2016 |
|
Cash and cash equivalents – unrestricted |
$28,596,868 |
$20,158,754 |
|
Cash and cash equivalents – restricted |
29,408,229 |
27,094,685 |
|
Accounts and interest receivable |
2,832,906 |
1,926,900 |
|
Contributions receivable |
525,000 |
6,030,676 |
|
Investments |
5,802,541 |
5,602,342 |
|
Mortgage Backed and US Treasury Securities |
48,249,579 |
14,185,960 |
|
|
|
|
|
Loans receivable |
311,259,856 |
206,808,453 |
|
Less: allowance for loan losses |
(11,001,026) |
(8,679,807) |
|
Loans receivable, net |
300,258,830 |
198,128,693 |
|
Loans receivable – subsidiaries |
60,007,244 |
50,497,966 |
|
|
|
|
|
Other assets |
3,060,779 |
1,679,807 |
|
Total assets |
$478,741,976 |
$325,305,783 |
|
|
|
|
|
Liabilities and Net Assets |
|
|
|
Liabilities |
|
|
|
Accounts payable and accrued expenses |
$3,784,058 |
$3,222,255 |
|
Refundable advance liability |
4,800,000 |
0 |
|
Office vacation obligation |
2,668,125 |
0 |
|
Deferred rent and tenant allowance |
1,647,720 |
79,497 |
|
Revolving line of credit |
85,000,000 |
32,000,000 |
|
Notes payable |
76,212,388 |
66,710,998 |
|
Federal Home Loan Bank debt |
11,000,000 |
5,000,000 |
|
Bond loan payable |
40,930,079 |
28,625,536 |
|
Notes payable – subsidiaries |
60,157,656 |
50,579,148 |
|
Total liabilities |
337,652,239 |
196,935,434 |
|
Net Assets |
|
|
|
Unrestricted |
102,693,027 |
103,613,256 |
|
Noncontrolling Interest
in consolidated subsidiary |
20,104,251 |
|
|
Temporarily restricted |
16,804,984 |
23,269,619 |
|
Permanently restricted |
1,487,475 |
1,487,475 |
|
Total net assets |
141,089,737 |
128,370,349 |
|
Total liabilities and net assets |
$478,741,976 |
$325,305,783 |
|
Our Vision:
A nation of communities of opportunity built on a foundation of equity, inclusiveness, and cooperation.
Our Mission:
Through capital and commitment, Capital Impact Partners helps people build communities of opportunity that break barriers to success.
Headquarters
1400 Crystal Drive
Suite 500
Arlington, VA 22202
Phone: (703) 647-2300
Fax: (703) 647-3490
West Coast
360 22nd Street
Suite 320
Oakland, CA 94612
Phone: (510) 496-2222
Fax: (510) 496-0404
Midwest
2990 West Grand Boulevard
Suite M-15
Detroit, MI 48202
Phone: (313) 230-1116