Nonprofit · EIN 58-1604383
CAPITAL PARTNERS CERTIFIED DEVELOPMENT COMPANY
Tax-exempt · ATLANTA, GA 30339
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $3,145,092 | $2,605,435 | $539,657 | $4,049,506 | $1,179,180 | $2,870,326 |
| December 31, 2024 | 990 | $3,000,422 | $2,430,736 | $569,686 | $3,567,316 | $1,236,647 | $2,330,669 |
| December 31, 2023 | 990 | $2,755,181 | $2,172,129 | $583,052 | $2,896,700 | $1,135,717 | $1,760,983 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $3,047,287
- Investment income
- $97,805
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $33,250
- Compensation of officers, directors and key employees
- $1,273,963
- Other salaries and wages
- $283,198
- Salaries, compensation and benefits (total)
- $1,972,088
- Professional fundraising fees
- $0
- Legal fees
- $750
- Accounting fees
- $48,047
- Occupancy
- $51,604
- Travel
- $17,313
- Depreciation
- $5,042
- Program services (functional)
- $2,164,362
- Management and general (functional)
- $441,073
Balance sheet and other
- Total assets, start of year
- $3,567,316
- Total assets, end of year
- $4,049,506
- Total liabilities, end of year
- $1,179,180
- Net assets, end of year
- $2,870,326
- Land, buildings and equipment
- $3,485
- Net assets without donor restrictions
- $2,870,326
- Gross receipts
- $3,145,092
- Employees
- 10
- Volunteers
- 0
- Year formed
- 1984
- State of legal domicile
- GA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Tim Souther | EVP, SBA Lending Officer | 40 | $396,659 | $44,197 |
| Barbara Wasson | President Trustee or director, Officer | 40 | $271,641 | $39,391 |
| Tracy Adams | Senior VP Officer | 40 | $183,285 | $31,817 |
| Michele Cracraft | VP, Underwriting Officer | 40 | $147,019 | $42,718 |
| Shawnte Johnson | VP,Underwriting Officer | 40 | $131,758 | $39,732 |
| Shelia Greene | VP, Loan Processing Officer | 40 | $119,048 | $42,334 |
| Dany Lee | Director Trustee or director | 0.5 | $0 | $0 |
| Sandy Headley | Director Trustee or director | 0.5 | $0 | $0 |
| Sherry Martin | Director Trustee or director | 0.5 | $0 | $0 |
| Josh Neel | Director Trustee or director | 0.5 | $0 | $0 |
| Patrick Walsh | Director Trustee or director, Officer | 0.5 | $0 | $0 |
| LeAnn Massey | Director Trustee or director, Officer | 0.5 | $0 | $0 |
| Ben Murray | Director Trustee or director | 0.5 | $0 | $0 |
| Brad Simpson | Director Trustee or director | 0.5 | $0 | $0 |
| Chris Williams | Director Trustee or director | 0.5 | $0 | $0 |
990 for the year ended December 31, 2024: 14 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Tim Souther | EVP, SBA Lending Officer | 40 | $392,996 | $47,606 |
| Barbara Wasson | President Trustee or director, Officer | 40 | $259,919 | $37,514 |
| Tracy Adams | Senior VP Officer | 40 | $172,783 | $23,662 |
| Michele Cracraft | VP, Underwriting Officer | 40 | $141,863 | $44,020 |
| Shawnte Johnson | VP,Underwriting Officer | 40 | $127,145 | $42,941 |
| Shelia Greene | VP, Loan Processing Officer | 40 | $111,604 | $40,872 |
| Nancy Gault | Director Trustee or director | 0.5 | $0 | $0 |
| Sandy Headley | Director Trustee or director | 0.5 | $0 | $0 |
| Jim Brown | Director Trustee or director | 0.5 | $0 | $0 |
| Thomas Kimsey | Director Trustee or director | 0.5 | $0 | $0 |
| Patrick Walsh | Director Trustee or director, Officer | 0.5 | $0 | $0 |
| LeAnn Massey | Director Trustee or director, Officer | 0.5 | $0 | $0 |
| Ben Murray | Director Trustee or director | 0.5 | $0 | $0 |
| Brad Simpson | Director Trustee or director | 0.5 | $0 | $0 |
990 for the year ended December 31, 2023: 16 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Tim Souther | EVP, SBA Lending Officer | 40 | $374,043 | $40,981 |
| Barbara Wasson | President Trustee or director, Officer | 40 | $252,347 | $33,287 |
| Tracy Adams | Senior VP Officer | 40 | $169,424 | $21,301 |
| Michele Cracraft | VP, Underwriting Officer | 40 | $135,952 | $37,499 |
| Shawnte Johnson | VP,Underwriting Officer | 40 | $121,485 | $36,241 |
| Shelia Greene | VP, Loan Processing Officer | 40 | $110,696 | $34,431 |
| Nancy Gault | Director Trustee or director | 0.5 | $0 | $0 |
| Sandy Headley | Director Trustee or director | 0.5 | $0 | $0 |
| Jim Brown | Director Trustee or director | 0.5 | $0 | $0 |
| Thomas Kimsey | Director Trustee or director | 0.5 | $0 | $0 |
| Patrick Walsh | Director Trustee or director, Officer | 0.5 | $0 | $0 |
| Joy Manbeck | Director Trustee or director | 0.5 | $0 | $0 |
| Robert Wood | Director Trustee or director | 0.5 | $0 | $0 |
| LeAnn Massey | Director Trustee or director, Officer | 0.5 | $0 | $0 |
| Ben Murray | Director Trustee or director | 0.5 | $0 | $0 |
| Brad Simpson | Director Trustee or director | 0.5 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1775 THE EXCHANGE SE STE 640, ATLANTA, GA 30339-7231
- Principal officer (990 for 2025)
- Barbara Wasson, 1775 The Exchange SE, Atlanta, GA 30339
- Signed the 990
- Barbara Wasson, President
- Phone
- (404) 475-6000
- Website
- www.cpcdc.com
- Return prepared by
- SINGER FINANCIAL SERVICES INC
Mission
To further economic development in Georgia
Program accomplishments
- Provided US Small Business 504 Debentures to qualifying small businesses in the state of Georgia.Expenses $2,164,362 · grants $33,250 · revenue $3,145,092
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 58-1604383
- Tax-exempt status
- 501(c)(4): Social welfare organization
- Donations deductible
- No
- Exempt since
- 1985
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $4,049,506
- Income (IRS master file)
- $3,145,092
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $3,145,092 | $2,605,435 | $4,049,506 | XML |
| 990 | December 2024 | $3,000,422 | $2,430,736 | $3,567,316 | XML |
| 990 | December 2023 | $2,755,181 | $2,172,129 | $2,896,700 | XML |
| 990 | December 2022 | $2,426,858 | $2,053,950 | $2,468,052 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 58-1604383).
Questions about CAPITAL PARTNERS CERTIFIED DEVELOPMENT COMPANY
- What is the EIN of CAPITAL PARTNERS CERTIFIED DEVELOPMENT COMPANY?
- The employer identification number (EIN) of CAPITAL PARTNERS CERTIFIED DEVELOPMENT COMPANY is 58-1604383.
- Is CAPITAL PARTNERS CERTIFIED DEVELOPMENT COMPANY tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(4) since 1985.
- Are donations to CAPITAL PARTNERS CERTIFIED DEVELOPMENT COMPANY tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does CAPITAL PARTNERS CERTIFIED DEVELOPMENT COMPANY file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of CAPITAL PARTNERS CERTIFIED DEVELOPMENT COMPANY due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did CAPITAL PARTNERS CERTIFIED DEVELOPMENT COMPANY last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of CAPITAL PARTNERS CERTIFIED DEVELOPMENT COMPANY?
- The 990 for the year ended December 31, 2025 names Barbara Wasson.
- Who are the officers and directors of CAPITAL PARTNERS CERTIFIED DEVELOPMENT COMPANY?
- The 990 for the year ended December 31, 2025 lists 15 people; 6 received compensation from the organization, the highest $396,659 (Tim Souther, EVP, SBA Lending).
- How much revenue does CAPITAL PARTNERS CERTIFIED DEVELOPMENT COMPANY have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $3,145,092, expenses of $2,605,435 and total assets of $4,049,506 at year end.
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