Annual Report 2025

Business Advising

Offering knowledgeable and accessible small business advisors to loan applicants and current borrowers — pre- and post-loan. Our proven team of experts provides support on everything from credit repair to financial reporting to business strategy.

• We have supported 399 entrepreneurs with Business Advising at no cost

Cooperatives

Since its founding in 1982, Capital Impact Partners, part of the Momentus Capital branded family of organizations, has been grounded in the power of the cooperative model and has worked to foster employee ownership and access to healthy food and affordable housing nationwide through our continuum of capital. Cooperatives are a proven model that supports small businesses and local leaders to drive job creation and economic activity in communities nationwide.

Total Deployed to Cooperatives 

• Lending & Investments: $2,811,993
• Grants: $1,230,000

Co-op Innovation Award Program

Launched in 2015, the Co-op Innovation Award is designed to support the impact that cooperative organizations are creating nationwide. Organizations are chosen yearly to receive up to a $50,000, one-year grant to recognize innovative strategies to increase the number of food, housing, and worker co-ops serving communities.

Five organizations have received a combined $205,000 in grant funding in 2025. The winner organizations include:

Farm Generations Cooperative

Cooperstown, NY | Award Amount: $50,000

Fideicomiso Comunitario Tierra Libre

Los Angeles, CA | Award Amount: $40,000

Nashville Housing Cooperative

Nashville, TN | Award Amount: $50,000

Prospera Community Development

Oakland, CA | Award Amount: $35,000

U.S. Federation of Worker Cooperatives

Chicago, IL | Award Amount: $30,000

Since 2015, the Co-op Innovation Awards have:

• Deployed 35 grants totaling $1.23 million
• Grantees have leveraged the award to secure more than $25.52 million in additional funding from foundations, investors, and government agencies
• Grantees have reached more than 3,400 community members through meetings and training

We thank our longstanding partner, National Cooperative Bank, and our 2025 sponsors, CoBank, National Co-op Grocers, Ford & Paulekas, LLC, Gallagher Evelius & Jones LLP, Loeb & Loeb LLP, and Velocity Consulting, Inc.

Other Cooperative Highlights

• Advisory Board participation:
  • Cooperative Development Foundation Advisory
  • NCBA BOD
  • UHAB
  • Greater Washington Center for Employee Ownership Advisory BOD
• Grant Review participation:
  • 2025 DMV Impact Grant (Washington, D.C.)
  • 2025 Co-op Development Fund Grant
• Co-op 5k Sponsor & Most Team Spirit Award

Real Estate Developer Programs

Our free capacity building programs facilitate new opportunities for both emerging and established community-rooted real estate developers while also increasing affordable and workforce housing to strengthen their communities.

Highlights from Key Geographies

National Programs

In 2025, the National Programs Team expanded the organization’s national learning infrastructure, strengthening capital readiness, increasing operational efficiency, and supporting long-term growth for community real estate developers and small business owners across markets.

By the Numbers

• Served 105 developers across five markets, providing over 1,500 hours of group training
• Achieved 88% participant satisfaction
• Launched 4 new and enhanced curriculum modules
• Supported 300 prospective and active borrowers through structured borrower-readiness, business advising, and direct technical assistance

Scaling Access to Knowledge

Momentus Academy now houses EDI curriculum, toolkits, templates, and assessments that allow for consistent delivery across markets. Structured learning pathways support real estate development, small business ownership, and community development practitioners nationwide.

New Program Development & Market Alignment

The Training Team launched the Own The Path mini series, a cross-disciplinary program designed to strengthen financial projections, underwriting readiness, and overall project preparedness for developers and small business owners.

Developed through stakeholder interviews and cross-team collaboration, the series responded directly to market demand and provided practical, capital-aligned instruction to help participants move from concept to financing with greater clarity and confidence.

Strengthening Capital Deployment

Built a fully integrated technical assistance (TA) platform that connects small businesses and community-based developers to a coordinated, end-to-end system of support. This approach is redefining how we build trust and expand access to capital for entrepreneurs — two of the most persistent barriers identified by our community. 

Key Developments: 

• Delivered capacity building, mentorship, and one-on-one guidance to nearly 300 small businesses and emerging entrepreneurs; launched a business pro forma training.
• Produced quick-reference blog content on planning and financial projections, and provided a series of online webinars to help small businesses pursue access to capital to start and grow their businesses. 
• Partnered with the Los Angeles Urban League to provide both instructional sessions on how to access capital, coupled with 1:1 advisory services to support small businesses in preparing to apply for SBA lending.

Building a National Ecosystem

The launch of a National Alumni Program connected alumni across markets, delivering a continuing education session and networking opportunity that reinforced peer learning and long-term ecosystem engagement beyond initial cohort participation.

Nourish DC Collaborative

Supporting the development of a robust ecosystem of locally owned food businesses, fostering neighborhood vitality and improved health in the Washington, D.C. Metropolitan region.

Since the launch of the program in October of 2021, the collaborative partners* have:

• Deployed over $20 million in financing; $3 million in grants; and technical assistance to over 1,500 food businesses in D.C.
• Created or retained 870 quality jobs.
• Outreach to over 5,300 community members through community events.
• Received $3.3 million in additional funding (in addition to $2 million for food financing credit enhancements).

*Data is for the collaborative, which includes Capital Impact Partners, Washington Area Community Investment Fund (Wacif), the Latino Economic Development Center (LEDC), City First Enterprises, Dreaming Out Loud, and Eats Place.