Capital Area Asset Building Corporation
To create opportunities for low- and moderate-income individuals in the greater dc region to build financial security, savings, and wealth for the future.
Key facts about Capital Area Asset Building Corporation
In short: Capital Area Asset Building Corporation gave $25K across 1 grant in 2024 (avg $25K), mostly in District of Columbia. Source: 2024 IRS Form 990.
- EIN
- 52-2002672
- Latest 990 filing
- Form 990, 2024
- Annual giving (2024)
- $25,000
- Grants made (2024)
- 1
- Average grant
- $25,000
- Median grant
- $25,000
- Total assets
- $3,474,274
- Primary geography
- District of Columbia (100% of itemized 2024 grant dollars)
Data from IRS Form 990, 2024; updated September 2026.
Financial Overview
From 2024 IRS Form 990 · View filing
Total Assets
$3.5M
-82.0% YoY
Annual Giving
$25K
-61.5% YoY
Grant Count
1
-50.0% YoY
Avg Grant Size
$25K
-23.1% YoY
How Capital Area Asset Building Corporation gives
- Giving fell 68% from 2021 to 2024. Method
From the foundation's IRS Form 990 filings. Methodology.
About Capital Area Asset Building Corporation
Based on IRS filings
Capital Area Asset Building Corporation is a public charity focused on Community Improvement & Capacity Building, based in Washington, DC. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $3.5M in total assets. In 2024, it awarded 1 grant totaling $25K. Net investment income was $67K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2024 grant dollars on its one itemized grant.
States
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $25K (2024) to $78K (2021). In 2024 it made 1 grant totaling $25K.
Grant Insights
How this funder distributes its grants
Top Recipients
Top recipient in 2024
The largest 2024 recipient was Catholic Charities ($25K).
Grant Size Distribution
9 grants across all recorded years
The most common grant size was under $50K: 5 grants of 9 (56%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Catholic Charities Washington, DC | DC Eitc Program | $25,000 |
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $3,474,274 | $19,254,357 | $9,210,791 |
| Revenue | $2,179,542 | $3,000,582 | $3,549,789 |
| Expenses | $3,444,356 | $3,764,655 | $2,597,779 |
| Net Investment Income | $66,906 | $39,978 | $2,648 |
Data update history
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2020 (received by the IRS July 14, 2021)
- Updated Form 990 for fiscal year 2021 (received by the IRS September 13, 2022)
- Updated Form 990 for fiscal year 2022 (received by the IRS July 6, 2023)
- Updated Form 990 for fiscal year 2023 (received by the IRS November 12, 2024)
- Updated Form 990 for fiscal year 2024 (received by the IRS July 3, 2025)
- IRS filings on file for fiscal years 2020–2024
Leadership & Key People
Officers and directors from IRS filings
Capital Area Asset Building Corporation is led by Joseph Leitmann-Santa Cruz, Executive Director on every filing since 2020; 3 of 13 officers listed in 2024 are compensated.
Officers on the 2024 filing
Joseph Leitmann-Santa Cruz
Executive Director
On filings since 2020
40 hrs/week
$158K (2020) → $132K (2024)
Kathryn Stephens
Interim Executive Director From July
New on the 2024 filing
40 hrs/week
$93K (2024)
Joseph Vaughan
President
Director → President, 2022
On filings since 2020
4 hrs/week
No compensation reported
Nicole Jones
Director of Match Savings
New on the 2024 filing
40 hrs/week
$109K (2024)
Sheida Elmi
Director
Secretary → Director, 2022
On filings since 2020
1 hr/week
No compensation reported
Gabriel Lazarus
Director
On filings since 2021
1 hr/week
No compensation reported
Michelle Levister
Director
On filings since 2021
1 hr/week
No compensation reported
Paul Harris Jr.
Director
Director → Secretary, 2022
Secretary → Director, 2023
On filings since 2021
1 hr/week
No compensation reported
Ryan Palmer
Director
On filings since 2023
1 hr/week
No compensation reported
Shae Harris
Director
On filings since 2023
1 hr/week
No compensation reported
Wayne Chopus
Director
On filings since 2023
1 hr/week
No compensation reported
William Spinnell
Treasurer
On filings since 2020
4 hrs/week
No compensation reported
Gail Reisman
Secretary
Director → Secretary, 2023
On filings since 2021
4 hrs/week
No compensation reported
Former officers (10)
- Former: Connie Woodland (2020–2023) — Chief Operating Officer
- Former: Lee Davenport (2020–2022) — Former Director · Filing note: Resigned
- Former: Robert Burns (2020–2022) — Director
- Former: Robert Kirkland (2020–2022) — Director
- Former: Rob Tashima (2022) — Director
- Former: Iyon Johnson (2020–2021) — Vice President
- Former: Leigh Tivol (2020–2021) — Director · Filing note: Resigned
- Former: Robert Tashima (2020–2021) — Director
- Former: Manley Williams (2020) — Director · Filing note: Resigned
- Former: Nancy Register (2020) — Director · Filing note: Resigned
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2024 IRS filing
The highest reported compensation on the 2024 filing was $132K, to Joseph Leitmann-Santa Cruz (Executive Director Through June 2024). 3 officers or directors reported compensation on that filing.
Frequently asked questions about Capital Area Asset Building Corporation
How much does Capital Area Asset Building Corporation give each year?
Capital Area Asset Building Corporation gave $25K across 1 grant in 2024, according to its 2024 IRS Form 990. In 2023 it gave $65K across 2 grants.
How large is Capital Area Asset Building Corporation?
Capital Area Asset Building Corporation reported $3.5M in total assets on its 2024 IRS Form 990. Its revenue that year was $2.2M.
What is Capital Area Asset Building Corporation?
Capital Area Asset Building Corporation is a public charity focused on Community Improvement & Capacity Building, based in Washington, DC. It holds $3.5M in total assets as of 2024.
Where does Capital Area Asset Building Corporation operate?
Capital Area Asset Building Corporation has awarded grants in District of Columbia.
What is Capital Area Asset Building Corporation's EIN?
Capital Area Asset Building Corporation's EIN (Employer Identification Number) is 52-2002672. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Here's the math on researching Capital Area Asset Building Corporation by hand.
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