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Capital Partners Certified Development Company

Organization summary

Type of Nonprofit

Designated as a Civic leagues, social welfare organizations and local associations of employees, created to promote community welfare for charitable, educational or recreational purposes.

Donations to this organization are not tax deductible.

Summary charts: organization finances over time

Revenue
$2.76M (2023)

Expenses
$2.17M (2023)

Total Assets
$2.9M (2023)

Total Liabilities
$1.14M (2023)

Source: Form 990 tax filings from 2011 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,755,181
Expenses
$2,172,129
Net Income
$583,052
Net Assets
$1,760,983
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $2,700,077
98.0%
Investment Income $55,104
2.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $1,090,362
50.2%
Professional Fundraising Fees $0
Other Salaries and Wages $303,381
14.0%
Assets/Debt
Total Assets $2,896,700
Total Liabilities $1,135,717
Net Assets $1,760,983
Compensation
Key Employees and Officers Compensation Related Other
Tim Souther (Evp, Sba Lending) $374,043 $0 $40,981
Barbara Wasson (President) $252,347 $0 $33,287
Tracy Adams (Senior Vp) $169,424 $0 $21,301
Michele Cracraft (Vp, Underwriting) $135,952 $0 $37,499
Shawnte Johnson (Vp,Underwriting) $121,485 $0 $36,241
Shelia Greene (Vp, Loan Processing) $110,696 $0 $34,431
Nancy Gault (Director) $0 $0 $0
Sandy Headley (Director) $0 $0 $0
Jim Brown (Director) $0 $0 $0
Thomas Kimsey (Director) $0 $0 $0
Patrick Walsh (Director) $0 $0 $0
Joy Manbeck (Director) $0 $0 $0
Robert Wood (Director) $0 $0 $0
Le Ann Massey (Director) $0 $0 $0
Ben Murray (Director) $0 $0 $0
Brad Simpson (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,426,858
Expenses
$2,053,950
Net Income
$372,908
Net Assets
$1,177,930
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $2,421,348
99.8%
Investment Income $5,510
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $1,097,370
53.4%
Professional Fundraising Fees $0
Other Salaries and Wages $204,400
10.0%
Assets/Debt
Total Assets $2,468,052
Total Liabilities $1,290,122
Net Assets $1,177,930
Compensation
Key Employees and Officers Compensation Related Other
Tim Souther (Evp, Sba Lending) $318,504 $0 $35,864
Barbara Wasson (President) $256,944 $0 $35,834
Tracy Adams (Senior Vp) $151,951 $0 $17,012
Michele Cracraft (Vp, Underwriting) $132,657 $0 $32,687
Shawnte Johnson (Vp,Underwriting) $110,406 $0 $31,574
Shelia Greene (Vp, Loan Processing) $105,784 $0 $30,619
Nancy Gault (Director) $0 $0 $0
Sandy Headley (Director) $0 $0 $0
Jim Brown (Director) $0 $0 $0
Thomas Kimsey (Director) $0 $0 $0
Patrick Walsh (Director) $0 $0 $0
Joy Manbeck (Director) $0 $0 $0
Robert Wood (Director) $0 $0 $0
Le Ann Massey (Director) $0 $0 $0
Ben Murray (Director) $0 $0 $0
Brad Simpson (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,198,742
Expenses
$1,907,152
Net Income
$291,590
Net Assets
$805,022
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $2,195,481
99.9%
Investment Income $3,261
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $1,057,435
55.4%
Professional Fundraising Fees $0
Other Salaries and Wages $182,333
9.6%
Assets/Debt
Total Assets $1,705,565
Total Liabilities $900,543
Net Assets $805,022
Compensation
Key Employees and Officers Compensation Related Other
Tim Souther (Evp, Sba Lending) $305,929 $0 $34,285
Barbara Wasson (President) $199,287 $0 $34,961
Tracy Adams (Senior Vp) $138,336 $0 $16,056
Deborah Herron (Vp,Business Development) $133,345 $0 $24,211
Michele Cracraft (Vp, Underwriting) $122,318 $0 $30,682
Shawnte Johnson (Vp,Underwriting) $108,915 $0 $29,541
Shelia Greene (Vp, Loan Processing) $101,087 $0 $28,383
Nancy Gault (Director) $0 $0 $0
Sandy Headley (Director) $0 $0 $0
Jim Brown (Director) $0 $0 $0
Thomas Kimsey (Director) $0 $0 $0
Patrick Walsh (Director) $0 $0 $0
Joy Manbeck (Director) $0 $0 $0
Robert Wood (Director) $0 $0 $0
Le Ann Massey (Director) $0 $0 $0
Ben Murray (Director) $0 $0 $0
Brad Simpson (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,875,725
Expenses
$1,708,433
Net Income
$167,292
Net Assets
$513,432
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $1,872,243
99.8%
Investment Income $3,482
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $964,330
56.4%
Professional Fundraising Fees $0
Other Salaries and Wages $160,267
9.4%
Assets/Debt
Total Assets $988,444
Total Liabilities $475,012
Net Assets $513,432
Compensation
Key Employees and Officers Compensation Related Other
Tim Souther (Evp, Sba Lending) $295,801 $0 $0
Barbara Wasson (President) $183,113 $0 $0
Deborah Herron (Vp,Business Development) $133,658 $0 $0
Tracy Adams (Senior Vp) $128,649 $0 $0
Michele Cracraft (Vp, Underwriting) $121,031 $0 $0
Shawnte Johnson (Vp,Underwriting) $102,078 $0 $0
Nancy Gault (Director) $0 $0 $0
Sandy Headley (Director) $0 $0 $0
Jim Brown (Director) $0 $0 $0
Thomas Kimsey (Director) $0 $0 $0
Patrick Walsh (Director) $0 $0 $0
Joy Manbeck (Director) $0 $0 $0
Robert Wood (Director) $0 $0 $0
Le Ann Massey (Director) $0 $0 $0
Ben Murray (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,769,321
Expenses
$1,644,280
Net Income
$125,041
Net Assets
$346,140
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $1,766,561
99.8%
Investment Income $2,760
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $891,468
54.2%
Professional Fundraising Fees $0
Other Salaries and Wages $177,864
10.8%
Assets/Debt
Total Assets $880,928
Total Liabilities $534,788
Net Assets $346,140
Compensation
Key Employees and Officers Compensation Related Other
Tim Souther (Evp, Sba Lending) $260,341 $0 $30,866
Barbara Wasson (President) $176,841 $0 $32,518
Deborah Herron (Vp,Business Development) $144,899 $0 $22,250
Tracy Adams (Senior Vp) $136,876 $0 $15,201
Michele Cracraft (Vp, Underwriting) $115,178 $0 $28,096
Shawnte Johnson (Vp,Underwriting) $89,826 $0 $26,890
Nancy Gault (Director) $0 $0 $0
Sandy Headley (Director) $0 $0 $0
Jim Brown (Director) $0 $0 $0
Todd Robinson (Director) $0 $0 $0
Thomas Kimsey (Director) $0 $0 $0
Patrick Walsh (Director) $0 $0 $0
Joy Manbeck (Director) $0 $0 $0
Robert Wood (Director) $0 $0 $0
Le Ann Massey (Director) $0 $0 $0
Ben Murray (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,791,217
Expenses
$1,646,133
Net Income
$145,084
Net Assets
$221,099
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $1,790,802
100.0%
Investment Income $415
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $952,867
57.9%
Professional Fundraising Fees $0
Other Salaries and Wages $143,901
8.7%
Assets/Debt
Total Assets $668,296
Total Liabilities $447,197
Net Assets $221,099
Compensation
Key Employees and Officers Compensation Related Other
Tim Souther (Evp, Sba Lending) $259,384 $0 $25,275
Barbara Benson (President) $190,517 $0 $29,287
Deborah Herron (Vp,Business Development) $137,717 $0 $22,224
Michele Cracraft (Vp, Underwriting) $123,150 $0 $28,107
Tracy Adams (Senior Vp) $120,275 $0 $14,775
Nancy Gault (Director) $0 $0 $0
Sandy Headley (Director) $0 $0 $0
Jim Brown (Director) $0 $0 $0
Todd Robinson (Director) $0 $0 $0
Thomas Kimsey (Director) $0 $0 $0
Patrick Walsh (Director) $0 $0 $0
Joy Manbeck (Director) $0 $0 $0
Robert Wood (Director) $0 $0 $0
Le Ann Massey (Director) $0 $0 $0
Ben Murray (Director) $0 $0 $0
Thomas Hogan (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,746,135
Expenses
$1,559,915
Net Income
$186,220
Net Assets
$76,015
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $1,745,846
100.0%
Investment Income $289
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $930,366
59.6%
Professional Fundraising Fees $0
Other Salaries and Wages $116,274
7.5%
Assets/Debt
Total Assets $567,796
Total Liabilities $491,781
Net Assets $76,015
Compensation
Key Employees and Officers Compensation Related Other
Tim Souther (Evp, Sba Lending) $291,515 $0 $30,960
Barbara Benson (President) $132,982 $0 $20,377
Deborah Herron (Vp,Business Development) $130,605 $0 $22,157
Michele Cracraft (Vp, Underwriting) $110,019 $0 $28,399
Tracy Adams (Senior Vp) $100,068 $0 $14,054
Nancy Gault (Director) $0 $0 $0
Sandy Headley (Director) $0 $0 $0
Jim Brown (Director) $0 $0 $0
Gary Goldsmith (Director) $0 $0 $0
Thomas Kimsey (Director) $0 $0 $0
Patrick Walsh (Director) $0 $0 $0
Joy Manbeck (Director) $0 $0 $0
Robert Wood (Director) $0 $0 $0
Leann Massey (Director) $0 $0 $0
Ben Murray (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,299,794
Expenses
$1,418,636
Net Income
-$118,842
Net Assets
-$110,205
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $1,299,683
100.0%
Investment Income $111
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $827,655
58.3%
Professional Fundraising Fees $0
Other Salaries and Wages $111,468
7.9%
Assets/Debt
Total Assets $303,040
Total Liabilities $413,245
Net Assets -$110,205
Compensation
Key Employees and Officers Compensation Related Other
Tim Souther (Evp, Sba Lending) $271,931 $0 $6,000
Barbara Benson (President) $142,479 $0 $0
Deborah Herron (Vp,Business Development) $123,474 $0 $6,000
Michele Cracraft (Vp, Underwriting) $105,023 $0 $0
Tracy Adams (Senior Vp) $100,000 $0 $0
Shawnte Johnson (Vp, Underwriting) $78,750 $0 $0
Nancy Gault (Director) $0 $0 $0
Sandy Headley (Director) $0 $0 $0
Jim Brown (Director) $0 $0 $0
Gary Goldsmith (Director) $0 $0 $0
Thomas Kimsey (Director) $0 $0 $0
Patrick Walsh (Director) $0 $0 $0
Joy Manbeck (Director) $0 $0 $0
Robert Wood (Director) $0 $0 $0
Leann Massey (Director) $0 $0 $0
Ben Murray (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$897,424
Expenses
$955,875
Net Income
-$58,451
Net Assets
$8,637
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $897,354
100.0%
Investment Income $70
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $537,270
56.2%
Professional Fundraising Fees $0
Other Salaries and Wages $72,212
7.6%
Assets/Debt
Total Assets $260,785
Total Liabilities $252,148
Net Assets $8,637
Compensation
Key Employees and Officers Compensation Related Other
Barbara Benson (President) $126,012 $0 $3,000
Tracy Adams (Senior Vp) $87,656 $0 $6,000
Tim Souther (Evp, Sba Lending) $77,539 $0 $2,500
Shawnte Johnson (Vp, Underwriting) $75,800 $0 $0
Deborah Herron (Vp,Business Development) $49,644 $0 $2,500
Michele Cracraft (Vp, Underwriting) $42,588 $0 $0
Nancy Gault (Director) $0 $0 $0
Sandy Headley (Director) $0 $0 $0
Jim Brown (Director) $0 $0 $0
Gary Goldsmith (Director) $0 $0 $0
Thomas Kimsey (Director) $0 $0 $0
Patrick Walsh (Director) $0 $0 $0
Joy Manbeck (Director) $0 $0 $0
Robert Wood (Director) $0 $0 $0
Leann Massey (Director) $0 $0 $0
Ben Murray (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$621,208
Expenses
$704,627
Net Income
-$83,419
Net Assets
$67,088
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $620,940
100.0%
Investment Income $268
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $468,321
66.5%
Professional Fundraising Fees $0
Other Salaries and Wages $43,644
6.2%
Assets/Debt
Total Assets $131,741
Total Liabilities $64,653
Net Assets $67,088

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$688,632
Expenses
$682,845
Net Income
$5,787
Net Assets
$150,505
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $684,903
99.5%
Investment Income $3,729
0.5%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $355,836
52.1%
Professional Fundraising Fees $0
Other Salaries and Wages $34,122
5.0%
Assets/Debt
Total Assets $267,999
Total Liabilities $117,494
Net Assets $150,505

Document Links

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$710,167
Expenses
$786,147
Net Income
-$75,980
Net Assets
$144,718
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $709,116
99.9%
Investment Income $1,051
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $403,109
51.3%
Professional Fundraising Fees $0
Other Salaries and Wages $66,372
8.4%
Assets/Debt
Total Assets $331,488
Total Liabilities $186,770
Net Assets $144,718

Document Links

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$777,156
Expenses
$870,992
Net Income
-$93,836
Net Assets
$213,660
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $773,309
99.5%
Investment Income $3,847
0.5%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $448,532
51.5%
Professional Fundraising Fees $0
Other Salaries and Wages $48,973
5.6%
Assets/Debt
Total Assets $459,973
Total Liabilities $246,313
Net Assets $213,660

Document Links

Fiscal Year Ending Dec.
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2006

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2004

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

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Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

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