2024-12-09T09:33:44-06:00 2024-03-31 042571780 AAFCPAS INC 50 WASHINGTON STREET WESTBOROUGH MA 01581 990 2023-04-01 452412035 CT ENERGY EFFICIENCY FINANCING COMPANY C/O CAPITAL FOR CHANGE INC CTEN 8009923665 10 ALEXANDER DRIVE WALLINGFORD CT 06492 JEFFREY ROBINSON TREASURER 8009923665 2024-11-20 1 1 ANDREW R PURICELLI CPA P01633436 5083669100 2024-11-20 2023 2024-10-15 13:58:12Z JEFFREY ROBINSON 10 ALEXANDER DRIVE WALLINGFORD CT 06492 2141928 0 X WWW.CAPITALFORCHANGE.ORG X 2011 CT TO LEND TO CONSUMERS & LANDLORDS FOR PROJECTS FOR RENEWABLE ENERGY & REDUCING ENERGY USE. 4 4 0 4 0 0 2100000 0 1579628 2039699 0 102229 0 0 3679628 2141928 0 0 0 0 0 0 0 0 0 2650769 3269716 2650769 3269716 1028859 -1127788 35683603 44941710 20117068 31788264 15566535 13153446 OUR LOANS HELP HOMEOWNERS CONSERVE ENERGY USAGE AND DECREASE THEIR COSTS THROUGH AUDITS, RETROFITS, AND INSTALLATION OF ALTERNATIVE OR CLEAN ENERGY SOURCES. 0 0 3269716 2039699 CAPITAL FOR CHANGE, THROUGH ITS CEEFCO SUBSIDIARY, OFFERS 5 DIFFERENT LOAN PRODUCTS FOR HOMEOWNERS AS WELL AS MULTI-TENANT LANDLORDS ACROSS CONNECTICUT WITH A RANGE OF REPAYMENT TERMS AND INTEREST RATES. MANY MAKE USE OF ON-BILL REPAYMENT THROUGH EVERSOURCE. TOTAL CAPITAL AVAILABLE FOR THESE PROGRAMS EXCEEDS $12 MILLION SUPPORTING OVER 3000 ACTIVE LOANS. 3269716 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 131 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 4 4 0 0 0 0 1 1 1 1 1 0 0 1 1 1 0 1 1 0 0 0 CT X JEFFREY LEVITSKY 8009923665 10ALEXANDER DRIVE WALLINGFORD CT 06492 DOROTHY ADAMS CHAIR (UNTIL 1/2024) 0.50 0.50 X X 0 0 0 JEFFREY ROBINSON TREASURER 0.50 0.50 X X 0 0 0 ROBIN GOLDEN SECRETARY 0.50 0.50 X X 0 0 0 BENNA LEHRER CHAIR (AS OF 1/2024) 0.50 0.50 X X 0 0 0 BRIAN ROBINSON DIRECTOR 0.50 0.50 X 0 0 0 DIANE SMITH CEO 2.50 37.50 X 0 179039 6160 0 179039 6160 0 0 1 0 CAPITAL FOR CHANGE INC 10 ALEXANDER DRIVE WALLINGFORD CT 06492 LOAN SERVICING AND ORIGINATION FEES 1274066 SERVICE STARS LLC 68 CHALYBES RD WEST ROXBURY CT 06783 CONTRACTOR 989483 TOTAL MECHANICAL SYSTEMS LLC 140 NEW BRITAIN AVE PLAINVILLE CT 06062 CONTRACTOR 380491 CALL THE BEE HEATING COOLING PLUMBING 7 EASTVIEW DRIVE FARMINGTON CT 06032 CONTRACTOR 346047 HARP MECHANICAL AND HOME SERVICES LLC 483 SPRING STREET WINDSOR LOCKS CT 06096 CONTRACTOR 344892 21 LOAN INTEREST INCOME 531110 2039699 2039699 2039699 102229 102229 2141928 2039699 0 102229 X 61410 61410 21084 21084 1274066 1274066 18540 18540 1320554 1320554 WRITE-OFF OF LOANS RECE 574062 574062 3269716 3269716 0 0 1488350 3654239 217503 308108 8698 59843 33969052 40919520 35683603 44941710 256501 320160 1560567 1468104 18300000 30000000 20117068 31788264 X 15566535 13153446 15566535 13153446 35683603 44941710 X -1127788 -1285301 X X 0 1 X 1 0 X 800000 3046000 650000 2100000 6596000 1206973 1291259 1341460 1579628 2039699 7459019 2006973 4337259 1991460 3679628 2039699 14055019 0 0 0 14055019 18284 102229 120513 18284 102229 120513 2025257 4337259 1991460 3679628 2141928 14175532 0.99150 0.99730 0.00850 0.00270 X 0 NOTES AND LOANS RECEIVABLE 40919520 C 40919520 X PART X, LINE 2: THE ORGANIZATION ACCOUNTS FOR UNCERTAINTY IN INCOME TAXES IN ACCORDANCE WITH ASC TOPIC, INCOME TAXES. THIS STANDARD CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN TAX POSITIONS AND PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE COMBINED FINANCIAL STATEMENTS REGARDING A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THE ORGANIZATION HAS DETERMINED THAT THERE ARE NO UNCERTAIN TAX POSITIONS WHICH QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE COMBINED FINANCIAL STATEMENTS AT MARCH 31, 2024. THE ORGANIZATION'S INFORMATION RETURNS ARE SUBJECT TO EXAMINATION BY THE FEDERAL AND STATE JURISDICTIONS. 0 0 0 0 0 0 0 0 0 DIANE SMITH CEO 0 179039 0 0 0 0 0 4348 0 1812 0 185199 0 0 PART I, LINE 3 THE SALARIES OF MEMBERS OF SENIOR MANAGEMENT ARE REVIEWED AGAINST PUBLICLY AVAILABLE COMPENSATION SURVEYS. JOB CLASSES/RANGES ARE ADJUSTED TO REFLECT THIRD-PARTY DATA AND ARE REVIEWED BY THE EXECUTIVE COMMITTEE. THE BOARD OF CAPITAL FOR CHANGE, INC., VIA THE EXECUTIVE COMMITTEE OF CAPITAL FOR CHANGE, INC., OVERSEE THE COMPENSATION OF THE CEO. CEO COMPENSATION IS DETERMINED BY REVIEWING FORM 990S AND INDUSTRY SURVEY AND JOB GRADES AND IS APPROVED BY THE BOARD. THE SALARIES OF ALL MEMBERS OF SENIOR MANAGEMENT ARE REVIEWED BY THE EXECUTIVE COMMITTEE AND COMPARED TO INDUSTRY DATA. FORM 990, PART VI, SECTION A, LINE 6 CEEFCO HAS ONE MEMBER OF THE CORPORATION, CAPITAL FOR CHANGE, INC., A NONSTOCK CORPORATION. FORM 990, PART VI, SECTION A, LINE 7A THE CORPORATION SHALL HAVE ONE MEMBER. THE SOLE MEMBER OF THE CORPORATION SHALL BE CAPITAL FOR CHANGE, INC., A CONNECTICUT NONSTOCK CORPORATION. THE SOLE MEMBER SHALL HAVE THE RIGHT TO VOTE ON ALL MATTERS UPON WHICH MEMBERS OF A CONNECTICUT NONSTOCK CORPORATION ARE AFFORDED THE RIGHT TO VOTE UNDER THE NONSTOCK ACT. FORM 990, PART VI, SECTION A, LINE 7B THE CORPORATION SHALL HAVE ONE MEMBER. THE SOLE MEMBER OF THE CORPORATION SHALL BE CAPITAL FOR CHANGE, INC., A CONNECTICUT NONSTOCK CORPORATION. THE SOLE MEMBER SHALL HAVE THE RIGHT TO VOTE ON ALL MATTERS UPON WHICH MEMBERS OF A CONNECTICUT NONSTOCK CORPORATION ARE AFFORDED THE RIGHT TO VOTE UNDER THE NONSTOCK ACT. FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION'S FEDERAL FORM 990 WAS PROVIDED TO THE ORGANIZATION'S C4C PARENT FINANCE PERSONNEL FOR REVIEW PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE (IRS). FOLLOWING THIS REVIEW THE FORM 990 WAS PROVIDED TO EACH MEMBER OF THE ORGANIZATION'S FINANCE COMMITTEE, PRIOR TO FILING WITH THE IRS. FOLLOWING THIS REVIEW THE FORM 990 WAS PROVIDED TO EACH MEMBER OF THE ORGANIZATION'S BOARD OF DIRECTORS PRIOR TO FILING WITH THE IRS. AS PART OF THE TAX RETURN PREPARATION PROCESS THE ORGANIZATION HIRED A PROFESSIONAL CPA FIRM WITH EXPERIENCE AND EXPERTISE IN NOT-FOR-PROFIT TAX RETURN PREPARATION TO PREPARE THE FEDERAL FORM 990. THE CPA FIRM'S TAX PROFESSIONALS WORKED CLOSELY WITH THE ORGANIZATION'S FINANCE PERSONNEL AND VARIOUS OTHER INDIVIDUALS OF THE ORGANIZATION TO OBTAIN THE INFORMATION NEEDED IN ORDER TO PREPARE A COMPLETE AND ACCURATE TAX RETURN. THE CPA FIRM PREPARED A DRAFT FEDERAL FORM 990 AND FURNISHED IT TO THE ORGANIZATION'S FINANCE PERSONNEL AND OTHER INDIVIDUALS FOR THEIR REVIEW. THE ORGANIZATION'S FINANCE PERSONNEL AND OTHER INDIVIDUALS REVIEWED THE DRAFT FEDERAL FORM 990 AND DISCUSSED QUESTIONS AND COMMENTS WITH THE CPA FIRM. REVISIONS WERE MADE TO THE DRAFT FEDERAL FORM 990 WHERE NECESSARY AND A REVISED DRAFT WAS THEN FURNISHED BY THE CPA FIRM TO THE ORGANIZATION'S FINANCE PERSONNEL AND VARIOUS OTHER INDIVIDUALS FOR REVIEW AND APPROVAL PRIOR TO PRESENTATION OF THE FEDERAL FORM 990 TO THE MEMBERS OF THE ORGANIZATION'S FINANCE COMMITTEE. REVISIONS WERE THEN MADE TO THE DRAFT FEDERAL FORM 990 WHERE NECESSARY AND A FINAL DRAFT WAS FURNISHED BY THE CPA FIRM TO THE ORGANIZATION'S FULL BOARD OF DIRECTORS PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION C, LINE 19 ALL GOVERNING DOCUMENTS AND AUDITED FS ARE AVAILABLE UPON REQUEST. FORM 990, PART IX, LINE 11G LOAN SERVICE FEE: PROGRAM SERVICE EXPENSES 1,274,066. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,274,066. FORM 990, PART XI, LINE 9: CUMULATIVE ADJUSTMENT FROM ADOPTION OF NEW CREDIT LOSS STANDARD -681,971. PROVISION FOR CREDIT LOSSES - FUNDED LOANS -603,330. FORM 990, PART XII, LINE 2C: THERE HAVE BEEN NO CHANGES MADE TO THE ORGANIZATION'S OVERSIGHT OR SELECTION PROCESS DURING THE TAX YEAR. CAPITAL FOR CHANGE INC 10 ALEXANDER DRIVE WALLINGFORD CT 06492 060842738 PROVIDE RESPONSIVE FINANCIAL SERVICES FOR INCLUSIVE &SUSTAINABLE COMMUNITIES CT 501(C)(3) LINE 10 N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0