Capital Area Asset Builders (Washington, DC)


  • Name:Mrs. Jennifer Shreve
  • Title:Director of Development

Organization Address

  • Organization Name:Capital Area Asset Builders
  • Address:1444 I Street, NW
    Suite 201
    Washington, DC 20005
    United States

Organization Phone

  • Main phone:202-419-1440

Organization Web

User Web and Email


Click map for a full size active view.


  • Mission:
  • CAAB’s mission is to empower low and moderate income residents of the Greater DC area to take control of their finances, increase their savings and build [wealth] for a better future.

  • Overview:
  • CAAB believes in giving people the tools necessary to live beyond paycheck to paycheck and save for their future. These longer term asset building solutions will create stronger and healthier families and communities. Since CAAB began helping people save and learn about financial management in 1997, over 1,100 savings participants have reached their goals. These are participants who saved money to go to school, purchase their first home, or start a new business. Today there are families in the Washington DC area who used to live in public housing but now can sit down together for dinner each night in their own house as a result of their participation in CAAB’s programs. Today there are students who have been the first in their families to graduate from college and are now proudly working in their chosen field because they saved through CAAB’s Matched Savings program.

    We provide the financial training and savings opportunities that help people to move out of poverty and become self-sufficient. Our programs help low‐ and moderate‐income individuals and families improve their money management skills, increase their savings, and build wealth by investing wisely. CAAB’s goal is to foster a community in which everyone has the opportunity to both save for the future and participate fully in the economic mainstream.

    Our goal for the future is to continue integrating our programs into the social services fabric of the organizations and offices that our clients and others are already regularly attending, more fully recognizing and meeting our clients’ needs. For example, we need to recognize that parents can’t attend classes if they don’t have child care options available as well, or that military families might have special challenges we can help address. Through a more integrated service delivery (ISD) approach that is geared toward specific populations such as single parents, military families, people with disabilities and others we will provide more in-depth support. We want to be more collaborative with partner organizations working in the community to create these networks of support and whole continuum of services.

  • History:
  • In 1997, CAAB was founded as one of thirteen organizations in the country to participate in the American Dream Demonstration, the first large-scale study of Individual Development Accounts (IDAs) as an anti-poverty tool. IDAs are a unique economic development tool that combine financial education and training with matched savings accounts to encourage low-income individuals to save and invest in themselves. While the Matched Savings program remains a core part of CAAB's work, CAAB also provides financial education courses, one on one financial coaching and planning services, free tax preparation and tax credit information, and other resources to help increase financial security.

  • Year established:1997
  • Endowment:Unknown


  • Executive / Trustee board size:11
  • Advisory board size:0
  • Staff size:12


  • Organization type:Grantseeker
  • Country of registration:United States
  • Tax Determination Letter:Received Determination Letter
  • IRS Section:501(c)(3)
  • IRS Subsection:None
  • Tax ID:522002672

Other Organization Web

IRS Business Master File Information

  • EIN:522002672
  • Sort (Secondary) Name:
  • Care Of Name:
  • Organization Address:1100 H ST NW STE 200
  • Organization City:WASHINGTON
  • Organization State:DC
  • Organization Zip:20005-5952
  • Group Exemption Number:0000
  • Subsection Code:03
  • Classification Code(s):1
  • Subsection/Classification Desc.:Charitable Organization
  • Affiliation Code:3
  • Ruling Date:June, 1997
  • Deductibility Code:1
  • Foundation Code:15
  • Foundation Code Desc.:Organization which receives a substantial part of its support from a governmental unit or the general public 170(b)(1)(A)(vi)
  • Activity Code(s):994, 429
  • Activity Code Desc.(s):Described in section 170(b)1)(a)(vi) of the Code, Other inner city or community benefit activities
  • Organization Code:1 (Corporation)
  • Exempt Org. Status Code:01 (Unconditional Exemption)
  • Tax Period:December, 2016
  • Filing Requirement Category:01 (990 (all other) or 990EZ return)
  • Accounting Period:December
  • NTEE Code:S20
  • Asset Amount:$1,903,398
  • Asset Code:6 ($1,000,000 - $4,999,999)
  • Income Amount:$2,109,778
  • Income Code:6 ($1,000,000 - $4,999,999)
  • 990 Revenue Amount:$2,109,778
  • Last Updated:3/23/2018 3:57:05 am

This information is directly from the IRS Exempt Organization Business Master File at Exempt Organizations Business Master File Extract. This information is not under the control of the Common Grant Application and is collected and compiled and can only be changed by the IRS.