Capitalize Albany Corporation
THE MISSION OF CAPITALIZE ALBANY CORPORATION IS TO FACILITATE STRATEGIC ECONOMIC DEVELOPMENT AND STIMULATE TRANSFORMATIVE INVESTMENT THROUGHOUT THE CITY OF ALBANY, MAKING NEW YORK'S CAPITAL A VIBRANT PLACE TO THRIVE.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$25.0M
+1.1% YoY
Annual Giving
$138K
-34.4% YoY
Grant Count
9
-30.8% YoY
Avg Grant Size
$15K
-5.2% YoY
About Capitalize Albany Corporation
Based on IRS filings
Capitalize Albany Corporation is a nonprofit organization focused on Community Improvement & Capacity Building, based in ALBANY, NY. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $25.0M in total assets. In 2024, it awarded 9 grants totaling $138K. Net investment income was $512K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $25,025,974 | $24,751,088 | $22,590,414 |
| Revenue | $3,228,308 | $3,840,269 | $4,760,117 |
| Expenses | $1,803,481 | $2,037,210 | $2,103,302 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $512,027 | $433,523 | $70,048 |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 9 recipients in 2024
Grant Size Distribution
37 grants across all recorded years
Open Grants
5 open opportunities from Capitalize Albany Corporation
Amplify Albany Grant Program
CAPITALIZE ALBANY CORPORATION
Amount
Varies
Deadline
Rolling / Open
City of Albany Small Business Facade Improvement Program
CAPITALIZE ALBANY CORPORATION
Amount
Varies
Deadline
Rolling / Open
Downtown Albany Retail Grant Program
CAPITALIZE ALBANY CORPORATION
Amount
Varies
Deadline
Rolling / Open
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include New Scotch Llc Dba New Scotland Spirits ($25,000), Meatball Martini Madison Llc ($25,000), Shopjoy Llc ($24,330).
| Recipient | Purpose | Amount |
|---|---|---|
| WGM74 LLC ALBANY, NY | BIG GRANT | $8,360 |
| THE YARD ALBANY, NY | FACADE IMPROVEMENT | $17,327 |
| JOHN MANCINI ALBANY, NY | FACADE ROUND 6 - PAULY'S HOTEL | $10,000 |
| LOCH & QUAY LLC ALBANY, NY | FACADE ROUND 5 REIMBURSEMENT | $6,261 |
| KURD LLC DELMAR, NY | SMALL BUSINESS FAADE IMPROVEMENT | $10,000 |
| SHOPJOY LLC ALBANY, NY | BIG GRANT | $24,330 |
| NEW SCOTCH LLC DBA NEW SCOTLAND SPIRITS ALBANY, NY | BIG GRANT REIMBURSEMENT FOR RENOVATION OF TASTING ROOM | $25,000 |
| MEATBALL MARTINI MADISON LLC ALBANY, NY | EXPANSION OF HATTIES RESTAURANT | $25,000 |
| WINE AND DINE GROUP LLC ALBANY, NY | BIG - WINE AND DINE GROUP, LLC | $12,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| KAWEEDA ADAMS | DIRECTOR | 1 | — |
| MICHAEL CASTELLANA | DIRECTOR | 1 | — |
| MICHAEL FANCHER | DIRECTOR | 1 | — |
| ANTHONY GADDY | DIRECTOR | 1 | — |
| DAVID PARENTE | DIRECTOR | 1 | — |
| SONYA DEL PERAL | DIRECTOR | 1 | — |
| RICHARD SLEASMAN | DIRECTOR | 1 | — |
| DR TOYIN TOFADE | DIRECTOR | 1 | — |
| KAREN TORREJON | DIRECTOR | 1 | — |
| ANDERS TOMSON | CHAIR | 1 | — |
| HEATHER MULLIGAN ESQ | VICE CHAIR | 1 | — |
| JOHN HARRIS ESQ | TREASURER | 1 | — |
| JOHN VERO ESQ | SECRETARY | 1 | — |
| ASHLEY MOHL | PRESIDENT | 37.5 | $190,069 |
| ANDREW CORCIONE | DIRECTOR REAL ESTATE DEVELOPMENT | 37.5 | $126,700 |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Capitalize Albany Corporation?
Capitalize Albany Corporation is a nonprofit organization focused on Community Improvement & Capacity Building, based in ALBANY, NY. It holds $25.0M in total assets as of 2024.
How large is Capitalize Albany Corporation?
As of 2024, Capitalize Albany Corporation holds $25.0M in total assets with $3.2M in annual revenue. It awarded 9 grants totaling $138K in 2024.
Where does Capitalize Albany Corporation operate?
Capitalize Albany Corporation has awarded grants in New York.
What size grants does Capitalize Albany Corporation award?
In 2024, Capitalize Albany Corporation awarded 9 grants totaling $138K — an average of about $15K per grant, based on its IRS Form 990 filings.
What is Capitalize Albany Corporation's EIN?
Capitalize Albany Corporation's EIN (Employer Identification Number) is 22-2353905. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Capitalize Albany Corporation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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