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IMPACT CAPITAL

EIN 94-3196958 SEATTLE, WA

Revenue 2025
$1,890,847
Expenses 2025
$948,726

Program services were 74.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

As filed

Subsection
03
NTEE code
W60
Classification
1000
Street
701 5TH AVE STE 4200

These codes are the IRS's own and are shown exactly as filed. What each one means is in the Business Master File documentation (opens in a new tab).

Mission and programs · 2025

Mission

IMPACT CAPITAL IS A COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION THAT MAKES STRATEGIC LOANS IN ORGANIZATIONS, TRIBAL ENTITIES, AND HOUSING AUTHORITIES TO SPUR COMMUNITY DEVELOPMENT, INCLUDING AFFORDABLE HOUSING, ART AND CULTURAL CENTERS, COMMUNITY FACILITIES, AND VIBRANT COMMERCIAL DISTRICTS. OUR WORK TRANSFORMS DISTRESSED COMMUNITIES AND NEIGHBORHOODS INTO HEALTHY ONES - GOOD PLACES TO LIVE, WORK, DO BUSINESS, AND RAISE FAMILIES.

Activities or mission (Part I)

IMPACT CAPITAL IS A COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION THAT MAKES STRATEGIC LOANS TO ORGANIZATIONS, TRIBAL ENTITIES, AND HOUSING AUTHORITIES TO SPUR COMMUNITY DEVELOPMENT INCLUDING AFFORDABLE HOUSING, ART AND CULTURAL CENTERS, COMMUNITY FACILITIES, AND VIBRANT COMMERCIAL DISTRICTS. OUR WORK TRANSFORMS DISTRESSED COMMUNITIES AND NEIGHBORHOODS INTO HEALTHY ONES - GOOD PLACES TO LIVE, WORK, DO BUSINESS, AND RAISE FAMILIES.

  • IMPACT CAPITAL MANAGES TWO LOAN POOLS THAT PROVIDE LOANS TO ORGANIZATIONS, HOUSING AUTHORITIES, AND TRIBAL ENTITIES, FOR THE CREATION OF AFFORDABLE HOUSING AND COMMUNITY FACILITIES. AFFORDABLE HOUSING FINANCED BY IMPACT CAPITAL SERVICES PEOPLE TYPICALLY AT OR BELOW 80% OF AREA MEDIAN INCOME. COMMUNITY FACILITIES PROVIDE ACCESS TO SERVICES FOR LOW AND MODERATE INCOME PEOPLE. LOANS ARE USED TO FUND PROPERTY CONSTRUCTION, PROPERTY ACQUISITION, PREDEVELOPMENT EXPENSES, OR TO BRIDGE PERMANENT CAPITAL. THESE ARE OFTEN TRANSACTIONS THAT DO NOT MEET THE RISK PROFILES OF TRADITIONAL BANK LENDERS. IMPACT CAPITAL WAS CREATED TO PROVIDE ACCESS TO CAPITAL AND OTHER RESOURCES FOR UNDERSERVED COMMUNITIES. OUR LENDING PROVIDES A FOUNDATION FOR NEW DEVELOPMENT THAT ATTRACTS PUBLIC AND PRIVATE PERMANENT FINANCING AND SERVES AS A NEEDED CATALYST FOR DEVELOPMENT. WE HELP BUILD EQUITABLE COMMUNITIES WITH CLEAN, SAFE AFFORDABLE HOUSING, AND ACCESS TO SERVICES INCLUDING PARKS, SCHOOLS, AND VIBRANT COMMERCIAL CORRIDORS.

    Expenses $709,831 · Revenue $1,784,527

As filed on the 2025 return. The filer continues this part on Schedule O, which is not shown here.

Officers and directors · 2025

As listed in Part VII of the 2025 return, in the order the filer printed them. Each return names its own; this is not a roster the organization keeps with us.

  • JOEL MILLAR

    EXECUTIVE DIRECTOR

    Total calculated
    $190,651
    From this org
    $174,877
    From related orgs
    $0
    Other
    $15,774
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $170,060
    Bonus
    $4,817
    Other
    $0
    Deferred
    $5,097
    Nontaxable benefits
    $10,677
    Filer's total
    $190,651

  • LORA BOURELLE

    COO/CFO

    Total calculated
    $169,404
    From this org
    $154,391
    From related orgs
    $0
    Other
    $15,013
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $150,295
    Bonus
    $4,096
    Other
    $0
    Deferred
    $4,496
    Nontaxable benefits
    $10,517
    Filer's total
    $169,404

  • KERRI STONEMAN

    VP OF LENDING

    Total calculated
    $134,587
    From this org
    $109,548
    From related orgs
    $0
    Other
    $25,039
    Hours/week
    40

  • KIM ETHERTON

    CHIR

    Total calculated
    $0
    Hours/week
    1

  • DAVID FOREMAN

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • SUSAN DUREN

    SECRETARY/TREASURER

    Total calculated
    $0
    Hours/week
    1

  • AMANDA DESHAZO

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • LOWEL KRUEGER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • ADITYA KURELLA

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • DOUG PRINCE

    BOARD MEMBER (THROUGH MAY 2025)

    Total calculated
    $0
    Hours/week
    1

  • KEVIN RUF

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • STEVE WALKER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us. Earlier years are each on their own filing page.

Filings

  • 2025
    Revenue
    $1,890,847
    Expenses
    $948,726
    Contributions
    $0
    Grants paid
    $0
  • 2024
    Revenue
    $1,375,793
    Expenses
    $1,763,760
    Contributions
    $48,004
    Grants paid
    $0
  • 2023
    Revenue
    $1,236,112
    Expenses
    $928,242
    Contributions
    $11,376
    Grants paid
    $0
  • 2022
    Revenue
    $961,614
    Expenses
    $1,468,342
    Contributions
    $8,819
    Grants paid
    $0

The four totals the IRS asks for on Part I of the Form 990, as filed. A dash means the figure was not present on the return — not that it was zero.

Other returns filed

  • 2021 · 990

    Revenue
    $1,412,202
    Expenses
    $969,195
    Assets (EOY)
    $22,195,180

  • 2020 · 990

    Revenue
    $1,337,984
    Expenses
    $922,435
    Assets (EOY)
    $24,308,333

  • 2019 · 990

    Revenue
    $1,243,404
    Expenses
    $800,252
    Assets (EOY)
    $19,908,599

  • 2018 · 990

    Revenue
    $1,231,661
    Expenses
    $991,077
    Assets (EOY)
    $18,551,847

  • 2017 · 990

    Revenue
    $1,907,967
    Expenses
    $1,282,383
    Assets (EOY)
    $19,273,740

  • 2016 · 990

    Revenue
    $569,188
    Expenses
    $1,169,583
    Assets (EOY)
    $17,615,405

  • 2015 · 990

    Revenue
    $1,506,867
    Expenses
    $1,074,872
    Assets (EOY)
    $17,754,362

  • 2014 · 990

    Revenue
    $1,545,756
    Expenses
    $1,300,624
    Assets (EOY)
    $21,041,680

  • 2013 · 990

    Revenue
    $1,945,924
    Expenses
    $1,199,923
    Assets (EOY)
    $22,311,399

  • 2012 · 990

    Revenue
    not reported
    Expenses
    $1,944,468
    Assets (EOY)
    $23,199,551

Nonprofiteer parses Forms 990, 990-EZ and 990-PF, in a window of recent tax years. These returns are recorded from the IRS e-file index, so their figures were extracted by that index rather than read from the return here — treat them as a different source from the filings above, not as more of the same record. A dash means the index carries no figure; Form 990-T listings carry none at all. Showing the 10 most recent; the API carries the rest.

Grants made

No itemized grants to organizations. Schedule I is filed only by organizations that granted more than $5,000 to a recipient, so most filers have none.

Grants received

No itemized grant names this organization as a recipient. Only grants over $5,000 are itemized, and only by filers of the full Form 990.

Related organizations

From Schedule R Part II, where a filer lists the tax-exempt organizations it is related to by control. It does not record shared board members or money.

Declared as related by

Taxable family

From Schedule R Parts I, III and IV: entities that legally are the filer, and taxable partnerships, corporations and trusts it is related to. These record ownership and control, not shared board members or money.

Listed by

Other IRS files

Auto-Revocation List

Not listed. The IRS publishes this list for organizations whose exemption was automatically revoked for failing to file for three consecutive years.

Publication 78

Listed as of 13 October 2026, under deductibility PC.

These are two separate IRS files on two separate schedules, shown as published and not reconciled with each other. Neither is a statement about whether a contribution is deductible today: 19,245 organizations appear in Publication 78 while the IRS's own revocation file lists them as currently revoked, more than half of those revoked before 2019. Absence from Publication 78 is evidence of nothing, and presence is not evidence either. Verify current status with the IRS before relying on it.

What this page reflects

The registration facts above come from the IRS Business Master File published 13 October 2026 and read 26 October 2026, for every organization at once. Returns through tax year 2025, the newest we have parsed for this organization.