Capital Area Asset Building
TO CREATE OPPORTUNITIES FOR LOW- AND MODERATE-INCOME INDIVIDUALS IN THE GREATER DC REGION TO BUILD FINANCIAL SECURITY, SAVINGS, AND WEALTH FOR THE FUTURE.
Financial Overview
From 2024 IRS Form 990-PF
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
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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 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $66,906 | $39,978 | $2,648 |
| 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 1 recipients in 2024
Grant Size Distribution
9 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Who else does Capital Area Asset Building fund?
Explore the funder–grantee relationships behind this foundation, powered by GrantGraph™ — our database of 11 million+ funding connections.
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Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| JOSEPH LEITMANN-SANTA CRUZ | EXECUTIVE DIRECTOR THROUGH JUNE 2024 | 40 | $131,627 |
| KATHRYN STEPHENS | INTERIM EXECUTIVE DIRECTOR FROM JULY 2024 | 40 | $92,500 |
| NICOLE JONES | DIRECTOR OF MATCH SAVINGS | 40 | $108,762 |
| JOSEPH VAUGHAN | PRESIDENT | 4 | — |
| GAIL REISMAN | SECRETARY | 4 | — |
| WILLIAM SPINNELL | TREASURER | 4 | — |
| GABRIEL LAZARUS | DIRECTOR | 1 | — |
| SHEIDA ELMI | DIRECTOR | 1 | — |
| MICHELLE LEVISTER | DIRECTOR | 1 | — |
| SHAE HARRIS | DIRECTOR | 1 | — |
| PAUL HARRIS JR | DIRECTOR | 1 | — |
| RYAN PALMER | DIRECTOR | 1 | — |
| WAYNE CHOPUS | DIRECTOR | 1 | — |
Geographic Focus
Where this funder has awarded grants
Grant Distribution by State
States
Cities
Data last updated March 2026. Sourced from IRS Form 990-PF filings.
What could you do with Capital Area Asset Building on Grantable?
- Assess strategic fit with your organization
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- Draft a tailored letter of inquiry