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Transform Capital

EIN 85-3613051 · Libertyville, IL

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthNot ratedToo small or too little detailGovernanceFair67 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

TRANSFORM CAPITAL IS A LENDING PLATFORM WHICH RAISES TAX-DEDUCTABLE FUNDING AND PLACES THAT FUNDING INTO MARKET-RATE OR BELOW MARKET-RATE MORTGAGE AND BUSINESS LOANS FOR DESERVING FAMILIES IN DIS-INVESTED LOCAL COMMUNITIES.

Income
$512,362
Spending
$45,835
Spent on programs
72%
Reserves
Over 10 years of spending
Largest source of income
donations and private grants, 78%
Employees
0
Volunteers
6
Highest pay
$4,800, contracted community liaison

Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

We do not score finances when yearly spending is very small or the return has too little detail. The ratios stop meaning much at that size.

Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Fair: 67 out of 100. Higher than 38% of charities in its peer group (community improvement, $250k to $1m).

  • Independent board

    5 of 25

    3 of 6 voting board members are independent.

  • Conflict of interest policy

    15 of 15

    Has a written conflict of interest policy.

  • Whistleblower policy

    0 of 8

    Reports no written whistleblower policy.

  • Record keeping policy

    7 of 7

    Has a written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    10 of 10

    Gave the board a copy of this return before filing it.

  • Pay set independently

    0 of 5

    Reports no independent review process for its chief executive's pay.

  • Independent check of accounts

    15 of 15

    Its accounts were audited by an independent accountant.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (2)
  1. $33,135 spent. CAPITAL / TRANSFORM CAPITAL RAISES A TAX-DEDUCTABLE FUNDING BASE AND DEPLOYS THIS FUNDING INTO MARKET-RATE OR BELOW MARKET-RATE MORTGAGE AND BUSINESS LOANS FOR DESERVING FAMILIES IN DIS-INVESTED LOCAL ILLINOIS COMMUNITIES. 100% OF OUR CLIENTS ARE SOURCED ON REFERRAL FROM EXISTING ORGANIZATIONS ALREADY LONG SERVING THE COMMUNITY. OUR INITIAL COMMUNITY FOCUS IS NORTH CHICAGO, ILLINOIS. WE LIMIT OPERATING COSTS AT EVERY TURN, SO THAT WE CAN RECYCLE CAPITAL FOR ANOTHER CLIENT. AS OUR CLIENTS PAY BACK LOANS, THEY BECOME ON INTEGRAL PART OF "PAYING IT FORWARD" TO MAKE OWNERSHIP POSSIBLE FOR ANOTHER NEIGHBOR. WE ARE ENGAGING IN CONVERSATION WITH OTHER COMMUNITIES ACROSS THE NATION TO EXTEND THE REACH OF OUR MISSION APPROACH.
  2. CATALYST / IN ADDITION TO CAPITAL, WE PROVIDE CATALYST FOR THE ENTIRE JOURNEY OF ASSET OWNERSHIP-SEEKING TO IGNITE GENERATIONAL ADVANTAGE FOR DESERVING FAMILIES. LENDING IS SIMPLY A REASON TO BE IN RELATIONSHIP, AND WE JOURNEY WITH CLIENTS FOR DECADES - WELL BEYOND ANY LOAN "TRANSACTION". WE ACTIVATE THE TALENTS OF OUR GROWING MOVEMENT TO ENCOURAGE THE DREAMS OF OUR CLIENT FAMILIES. THIS ENCOURAGEMENT CAN TAKE MANY FORMS, INCLUDING HELPING TO OPEN (OR EXPAND) A SMALL BUSINESS, OR REFERRING CLIENTS TO OTHER ORGANIZATIONS OR INDIVIDUALS FOR RESOURCE, COUNSELING, OR COACHING. WE DO NOT BUILD NEW PROGRAMS, BUT RATHER LEVERAGE A VAST NETWORK OF INDIVIDUALS AND OTHER ORGANIZATIONS TO WALK ALONGSIDE OUR CLIENTS. WE ALSO FREQUENTLY ENGAGE WITH OTHER PARTNERS IN EVALUATING BROADER ECONOMIC DEVELOPMENT AND OTHER PROJECTS WHICH CAN ENHANCE THE QUALITY OF LIFE IN OUR LOCAL COMMUNITIES.

Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated November 6, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending December 2025.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since June 2021.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated November 4, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.