Annual Reports

Annual Reporting & Financial Statements

C4C strives to create Connecticut's premier community development financial institution, offering capital solutions that will create and sustain lasting, positive change to low-income communities, including broadened social and economic participation, economic growth, and environmental sustainability.

 

||2021 - 2022: Change In Action

We are pleased to provide our 2021-2022 Annual Report covering the Fiscal Year ending March 31, 2022. Rebounding from the impacts of COVID, C4C had a busy year channeling recovery funding and staff resources to support our mission. 

In commercial lending, this rebound was evident in the 25 new loans totaling over $9 million that were closed for affordable housing projects and non-profit lending. Well over 60% of these loans were in low to moderate-income census tracts, and over 60% of the beneficiaries have been people of color.
 

||2020 - 2021 A Year In Review

Despite the calamitous economic and health impacts of COVID throughout the fiscal year, Capital for Change (C4C) continued to deliver on its mission to provide capital and services that create more equitable and sustainable communities. That mission is more important than ever in the wake of COVID and its racially disparate impacts. C4C responded quickly to COVID’s economic impacts by working closely with the borrowers we serve to help preserve the health of their financial condition by offering online payment deferrals, as needed.
 

||2019 - 2020 A Year In Review

Our rapid growth on top of merging was both exciting and challenging, and Capital for Change is ready for new challenges. Merging in 2016 was an intense, time-consuming business that required a careful knitting together of operating systems and organizational structure. Having now completed much of that work, we are well positioned to move forward and expand our impact.