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
No grants recorded for .
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
Data last updated April 2026. Sourced from IRS Form 990-PF filings.
What could you do with Capitalize Albany Corporation on Grantable?
- Assess strategic fit with your organization
- Draft a tailored letter of inquiry
- Find open RFPs from this funder
- Monitor for new funding opportunities