Kathryn Stephens Appointed Interim Executive Director of Capital Area Asset Builders
June 25 2024 - 5:52PM
Business Wire
The Board of Directors of Capital Area Asset Builders (CAAB)
unanimously voted to appoint Kathryn Stephens as the Interim
Executive Director effective July 1. Stephens brings over 20 years
of nonprofit management experience to her new role, as well as a
proven track record in organizational development, business
strategy, systems building, and internal control enhancement.
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Kathryn Stephens, interim executive
director of Capital Area Asset Builders. (Photo: Business Wire)
Stephens has successfully navigated more than 10 interim roles,
including as CEO, Executive Director, and COO, across a range of
social impact organizations with budgets of up to $35 million.
Stephens’ adaptability and deep understanding of the challenges and
opportunities at different stages of organizational life cycles
make her an ideal leader to guide CAAB while it focuses on business
continuity, internal capacity building, and stakeholder
relationship management.
Under Stephens’ leadership, CAAB will continue to advance its
vital community services while ensuring the retention and
recruitment of essential staff and consultants. She will also
identify areas for improvement in business practices and management
and will strengthen relationships with external partners.
CAAB remains committed to its mission of supporting individuals
and families to achieve economic mobility. In 2023 alone, the
organization distributed nearly $4 million through its Matched
Savings and Cash Transfer & Guaranteed Income programs which
supported 1,000 beneficiaries. Over the past five years, CAAB has
distributed $13.2 million, significantly aiding more than 3,100
individuals and families in achieving financial stability and
growth.
Joseph Leitmann-Santa Cruz has served as CEO since 2019 and has
shepherded CAAB through tremendous growth and development. The
Board thanks Leitmann-Santa Cruz for his vision and passion for
financial empowerment. He will support the transition in the coming
weeks.
Stephens’ appointment reflects CAAB’s dedication to continuity
and excellence in service delivery during this transitional period.
The Board is confident that her leadership will be instrumental in
strengthening CAAB and ensuring its continued impact on the
community.
About Capital Area Asset Builders
Capital Area Asset Builders (CAAB) is a nonprofit organization
that empowers low-income individuals and families in the
Washington, D.C. area to gain financial independence and build
wealth. CAAB’s programs focus on matched savings, cash transfers,
guaranteed income, and financial education aimed at fostering
financial stability and economic advancement.
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Kerry-Ann Hamilton media@kahconsultinggroup.com 301.265.5100