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Compensation 990 is an independent service that uses public IRS Form 990 filings as its source data. We clean and standardize this information, but the original filings may contain errors or omissions. Years on this site refer to the organization’s fiscal year end date on the filing.

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Organizations Community Improvement & Capacity Building Capital Area Asset Building Corporation

Capital Area Asset Building Corporation

Fiscal year ending 2024. Filed on July 3, 2025.

712 H Street NE Suite 1799
Washington, District of Columbia 20002

Capital Area Asset Building Corporation (EIN: 52-2002672), also known as Caab, has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2024 IRS Form 990 filing, Capital Area Asset Building Corporation, a 501(c)(3) charitable organization, reported compensation for 3 out of 17 total employees. Among the employees shown here, the average compensation is $128,111. The highest compensated employee at Capital Area Asset Building Corporation is Joseph Leitmann-santa Cruz with fiscal year 2024 compensation of $180,723.

Revenue, expenses, and employee compensation

Revenue

$2,179,542

Expenses

$3,444,356

Employee compensation

$1,560,420
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Joseph Leitmann-santa Cruz
Executive Director Through JUNE 2024
$180,723
$131,627 No related comp$49,096
Nicole Jones
Director of Match Savings
$111,110
$108,762 No related comp$2,348
Kathryn Stephens
Interim Executive Director FROM JULY 2024
$92,500
$92,500 No related compNo other comp

Benchmark Employee Compensation

Non-Employee Board Members

Gabriel Lazarus
Director
Gail Reisman
Secretary
Joseph Vaughan
President
Michelle Levister
Director
Paul Harris Jr
Director
Ryan Palmer
Director
Shae Harris
Director
Sheida Elmi
Director
Wayne Chopus
Director
William Spinnell
Treasurer

Contractors

Jackson Lewis PC
Legal
$161,251
Kah Consulting LLC
Consulting
$112,500

Mission Statement

TO CREATE OPPORTUNITIES FOR LOW- AND MODERATE-INCOME INDIVIDUALS IN THE GREATER DC REGION TO BUILD FINANCIAL SECURITY, SAVINGS, AND WEALTH FOR THE FUTURE.

Revisions to this organization profile

July 3, 2025:
2024 Capital Area Asset Building Corporation 990 filed
November 12, 2024:
2023 Capital Area Asset Building Corporation 990 filed
July 6, 2023:
2022 Capital Area Asset Building Corporation 990 filed

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