2023-11-15T06:51:55-00:00 2022-12-31 431794646 WELCH & ASSOCIATES LLC 2405 GRAND BOULEVARD SUITE 1040 KANSAS CITY MO 64108 990 2022-01-01 412183377 ALTCAP ALTC 8162161851 3200 WAYNE AVENUE KANSAS CITY MO 64109 RUBEN ALONSO III CEO 8162161851 2023-11-14 true RUBEN ALONSO 999009999 true BRIAN D WELCH P00177410 8167562620 2023-11-14 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z RUBEN ALONSO III 3200 Wayne Avenue Kansas City MO 64109 6756411 false X WWW.ALT-CAP.ORG X 2005 MO See description on Page 2, Part III, Line 1 8 8 31 8 0 3282639 4755795 2774695 1950803 3295 36813 149498 13000 6210127 6756411 115724 1576467 0 1477359 1676038 0 315342 1108805 1988764 2701888 5241269 3508239 1515142 30252059 30256354 14356630 12845783 15895429 17410571 To be a catalyst for investment in Kansas City metropolitan communities throught innovative financial products, targeted economic and community development programming, and the development of strategic partnerships that promote community collaboration and capacity building. false false 2995247 1404541 602910 Lending In 2022, the Organization continued to deploy needed financing to underserved and overlooked entrepreneurs. The Organization was able expand its reach to more communities and serve more entrepreneurs, providing access to capital to support new, small business creation as well as support the growth of existing small businesses. In addition to small business and micro loans, the Organization increased the availability, accessibility and flexibility of its capital by offering revenue-based financing loans to entrepreneurs. 673590 171926 Small Business Development The Organization provides in-kind service/resources to an affiliate organization that invest in innovative and measurable community development that aligns with and strengthens the financial, human, and social capital of under-resourced neighborhoods in the Kansas City metropolitan region. In 2022, our affiliate organization deployed more than 3 million to neighborhood small businesses to assist with their recovery efforts after the economic impact of COVID-19. The Organizations continued to offer small businesses technical assistance directly as well as indirectly through partner entrepreneurship support organizations. 192229 1347893 New Market Tax Credits Since 2008, the Organization has participated in a federal tax credit program that is used to stimulate investment in economically distressed communities. The Organization cumulatively has deployed 213 million in New Market Tax Credits allocation which were used to finance job creating businesses and as a catalyst for real estate development projects in Kansas City metro area. 3861066 false true false false false false false false false true false false false true false false false false false false false false false false false false true false true false false false false false false false false false false false false false false false false false true 41 0 31 true false false false false false false false false false false false X 8 8 false false false false false false false true false false false true true true true false true true false false X RICHARD VOHS 8162161851 3200 WAYNE AVENUE KANSAS CITY MO 64109 DAVID DESAI-RAMIREZ MARKET PRESIDENT 005.00 040.00 X 194587 0 11783 RUBEN ALONSO III PRESIDENT 040.00 005.00 X 187928 0 11821 ANTHONY WILLIAMS MARKET PRESIDENT 005.00 040.00 X 148103 0 10839 CARMEN LOPEZ MURGIA VP OF LENDING AND CLIENT SERVICES 040.00 X 108609 0 9654 MEGAN CROOK DIR. OF ADVANCEMENT AND EXTERNAL AFFAIRS 040.00 X 94101 0 9219 RICHARD VOHS VP OF FINANCE AND ACCOUNTING 040.00 005.00 X 81725 0 6145 DAVID BRAIN BOARD CHAIR 001.50 X X 0 0 0 ROBERT GIVENS VICE CHAIR/TREASURER 001.50 X X 0 0 0 ED HONESTY JR SECRETARY 001.50 X X 0 0 0 KATIE KWO GERSON DIRECTOR 001.50 X 0 0 0 DONALD HAWKINGS DIRECTOR 001.50 X 0 0 0 MARTHA SALINAS DIRECTOR 001.50 X 0 0 0 CARRECE SCOTT DIRECTOR 001.50 X 0 0 0 BIANCA TILLARD-GATES DIRECTOR 001.50 X 0 0 0 815053 59461 5 false true false 4214502 541293 4755795 New Market Tax Credit fees 522299 1347893 1347893 Consumer lending 522291 602910 602910 1950803 36813 36813 13000 13000 13000 6756411 1950803 49813 1576467 1576467 0 0 0 358694 139227 179346 40121 0 1087735 687813 320143 79779 13132 8304 3865 963 103262 65296 30392 7574 113215 64734 39096 9385 0 192612 192612 114719 114719 0 0 316770 35315 111110 170345 13874 8626 5248 32114 13393 16779 1942 81369 81369 0 47717 27284 16478 3955 64178 64178 0 32631 32631 294550 294550 0 15415 8814 5323 1278 23526 23526 Bad debt expense 702754 702754 Lending activities direct costs 11509 11509 Nest Stage 4663 4663 40363 19706 20657 5241269 3861067 1064860 315342 13177048 9178660 4000000 467527 589160 16286199 16139785 46029 22260 21716 860 544 275450 272300 44975 29876 30252059 30256354 692569 352058 283054 431882 13125773 11806771 255234 255072 14356630 12845783 X 13037929 12945655 2857500 4464916 15895429 17410571 30252059 30256354 1515142 X true X true X true true true RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false 12503 12008 495 9757 9708 49 544 Financial derivatives and other financial products Closely-held equity interests Federal income taxes Contingent liability 255072 255072 true Equity 2 LLC 3200 Wayne Avenue Kansas City MO 64109 842207717 83969 working capital Community Capital Fund 3200 Wayne Avenue Kansas City MO 64109 454561134 501c3 50457 working capital AltCap California 3415 S Sepulveda Blvd Suite 1100 Los Angeles CA 90034 844700265 501c4 1369474 workiing capital Diversity Telehealth LLC 1290 West Gregory Boulevard Kansas City MO 64114 481093110 25000 working capital Sweet Peaches Cobblers LLC 200 Southwest 24th Street Blue Springs MO 64015 853584777 10000 working capital 1 4 Part II Line 1,2,3 The donees day-to-day operations are conducted by Organization employees and from time-to-time the Orgranizations board of directors receive managment reports from the donee. Part II Line 4,5 We do not monitor the use of the award because it was made to provide the donee with working capital and not for a specific use and was awarded as the result of a competive competition. X X false false false false false false false false false RUBEN ALONSO III PRESIDENT 187928 5638 6184 199750 DAVID DESAI-RAMIREZ MARKET PRESIDENT 194587 5838 6396 206821 ANTHONY WILLIAMS MARKET PRESIDENT 148103 4443 6396 158942 Form 990, Part VI, Section A, Line 8b This question is not applicable because committees cannot bind the Organization without board approval. However, the question must be answered to electronically file. Accordingly, we checked no to signify that the question is not applicable. Form 990, Part VI, Section B, Line 11b The tax return is prepared by an external accountant and reviewed by management. After review by management the return is provided to the full board for review prior to being filed with the IRS. Form 990, Part VI, Section B, Line 12c The Organizations management level employees and its Board of Directors annually review the Standards of Conduct policy. Form 990, Part VI, Section B, Line 15a Compensation was set by the Board of Directors and was based upon a comprehensive review of comparables of peer organizations with similar roles and responsibilities for the President. Form 990, Part VI, Section B, Line 15b This question is not applicable because the Organization does not pay compensation to anyone meeting this definition. However, the question must be answered to electronically file. Accordingly we checked NO to signify that the question is not applicable. Form 990, Part VI, Section C, Line 19 The governing documents, conflict of interest policy, financial statements, and Form 990 tax returns are made available upon request.