We are passionate about delivering resources that support investment and economic empowerment in under served communities. We are committed to making a difference in the Kansas City community.
We are AltCap.
As President of AltCap, Ruben is responsible for the overall administration, management and ongoing development of the organization and its targeted lending activity as well as its small business and economic development programming. He has led the organization since 2007 overseeing its certification as a community development entity (CDE) and then as a community development financial institution (CDFI).
Under his leadership, AltCap has grown from a CDE specializing in New Markets Tax Credit (NMTC) facilitated financing to a socially entrepreneurial CDFI providing a variety of innovative financing products that support small business investment in low- to moderate-income communities. Since becoming a certified CDFI, Ruben has lead the development of AltCap's targeted loan funds which provide alternative, nontraditional debt capital to underserved businesses (e.g. minority contractor loans) and communities (e.g. facade improvement loans). He continues to lead AltCap’s participation in the federal NMTC Program which has resulted in $158 million in NMTC allocation authority awarded from the CDFI Fund since 2008. Responsible for all NMTC investment activity Ruben has originated, underwritten and structured $150 million in NMTC facilitated financing transactions, including a $5 million NMTC capitalized small business loan fund - the first of its kind created in Kansas City, Missouri. In addition to his role with AltCap, Ruben is also founder and Executive Director of AltCap's "sister" 501(c)(3) organization, Community Capital Fund, which he established to promote and support neighborhood capacity building in Kansas City's economically distressed communities.
Prior to his role with AltCap, Ruben was a Project Manager for the City of Kansas City, Missouri's Development Finance Division, a program manager/consultant for the Los Angeles Minority Business Development Center, and Finance and Royalty Accounting Supervisor for EMI Recorded Music.
Ruben was a United States Peace Corps Volunteer in Slovakia from 2000 to 2002, is a graduate of the Centurions Leadership Program of The Greater Kansas City Chamber of Commerce (Class of 2014), serves on the Board of Directors of the education foundation for the Kansas City, Missouri School District, and is a member of the Community Advisory Committee for IFF, the largest nonprofit CDFI in the Midwest, as well as a member of the Community Development Advisory Council for the Federal Reserve Bank of Kansas City. Ruben is also an adjunct professor in the Department of Architecture, Urban Planning and Design at the University of Missouri, Kansas City where he teaches a course in urban redevelopment.
Ruben earned a B.B.A. in Accounting from the University of Miami's School of Business Administration and a Master of Public Policy with a concentration in economic development from the University of Southern California's Price School of Public Policy.
director of lending
As the Director of Lending, Carmen manages and oversees AltCap's loan portfolio as well as develops new markets for existing and new loan products. She is responsible for loan origination and production, quality control, underwriting, as well as coordinating the loan closings and processing/ servicing.
Carmen has more than 16 years of experience in various asset building initiatives, primarily working with the Latino community in the Greater Kansas City area. Most recently she was the Executive Director of the Hispanic Economic Development Corporation (HEDC) where she oversaw entrepreneurial/ business development, micro lending, financial education, and adult education programs. Her previous work experience also includes being the Director of Commercial Loan Administration at the Bank of Belton, as well as management in nonprofit development and job placement project manager.
Carmen is an active board member of the Westside Housing Organization of Kansas City and Kansas City Northeast Chamber of Commerce. She received her MBA from Baker University and her Bachelor of Arts degrees in Communication and Spanish from Rockhurst University.
Commercial credit Underwriter
Wendy is responsible for analyzing each loan request for associated risk and compliance with AltCap's internal credit policy.
Her previous work experience includes being a Client Relationship Manager at UMB where she was responsible for providing financial advisory to potential and current clients within the Consumer Banking segment. Prior to her role at UMB, Wendy was a Loan Consultant with ACCION East and a Project Manager with Banco De Credito BCP (Peru).
Wendy is on the Board of Directors (Treasurer) of the Kansas City Chapter of the National Society of Hispanic MBAs (NSHMBA), a Next Step KC - Vita Program (tax assistant) volunteer and is trilingual (English/Spanish/Italian). She received her MBA from Hult International Business School (Cambridge, MA) and a Bachelor of Business Management from Universidad Del Pacifico (Lima, Peru).
Daniella is responsible for the daily administration of all loans and acts as the customer’s primary contact for all loan processing including document collection, loan funding, collateral management and problem resolution.
Her previous work experience includes Investment Representative with American Century Investments and Assistant Branch Manager and Loan Advisor for Arvest Bank where she was responsible for providing bank products and financial advise to potential and current clients.
Daniella gained her Associate’s degree under the A+ program at Metropolitan Community College - Maple Woods. She is currently seeking a Bachelor’s Degree in Business Administration at the University of Missouri - Kansas City. Daniella holds a Series 6 & 63 security license.
Business Development & PROGRAM COORDINATOR
Davin is responsible for coordinating all programs that support AltCap’s alternative, nontraditional financing products as well as administering AltCap’s WIBO 16-Week Workshop “How to Build a Growing Profitable Business” and annual “AltCap Your Business Competition”.
His previous work experience includes being a Staff Accountant at the Guadalupe Centers, Inc. (GCI) where he was responsible for all accounts payable and purchasing for Guadalupe Educational Systems, Inc. and its sponsored charter school, Alta Vista Charter Schools.
Davin is on the Board of Directors (Secretary) of the Guadalupe Centers Federal Credit Union and is a Next Step KC – VITA Program (tax preparer) volunteer. He received his Bachelor of Science in Business Administration focusing on finance/accounting from Rockhurst University.
Community Development & Outreach Manager
Megan is responsible for leading AltCap's community development efforts and outreach in its service area. Her role includes overseeing community engagement initiatives, communications and marketing, as well as coordination and alignment with AltCap's "sister" 501(c)3 community development organization, Community Capital Fund.
Additionally, as program manager of Community Capital Fund, she is responsible for managing the organization's neighborhood capacity building programs including the Neighborhoods Rising Fund and the annual Community Development Workshop.
Previously, Megan led community-based programs such as Classroom CONNECT and the Community Mural Project, and relationship development initiatives for Mid-America Arts Alliance’s nationally traveling exhibition programs. Megan holds a Masters in Public Administration, emphasis in Urban Administration, from the University of Missouri-Kansas City and a BSBA from the University of Central Missouri. She is a member of the Pi Alpha Alpha Honor Society, currently serves on the Municipal Art Commission for Kansas City, Missouri, and has formerly served on the Missouri Art Council’s Citizens Advisory Panel for Arts Education, and the Arkansas Arts Council’s Collaborative Project Support Panel.
Elisabeth is assisting AltCap with its marketing and communications as well community development program administration. Her previous work experience includes interning at U.S. Senator Claire McCaskill’s office where she was responsible for communications and grant references. Elisabeth has also interned under the Early Education Coordinator at Operation Breakthrough.
She is currently pursuing a B.A. in Political Science and Psychology with a minor in Nonprofit Leadership Studies at Rockhurst University.
Derrick is assisting AltCap with marketing and program coordination for AltCap’s nontraditional financing products and technical assistance programs.
He is currently pursuing a B.A. in Urban Studies with a focus in Community Development and Housing at the University of Missouri-Kansas City.
board of directors
Gary Cortes (chairman), Retired Principal, hoffman cortes contracting company
David Brain, Retired CEO & Trustee, EPR Properties
Jean-Paul Chaurand, Vice President, The H&R Block Foundation
Larry Hayes, President/CEO, CU Holding Company
Randall J. Landes, Director, Finance Department, City of Kansas City, Missouri
Robert Langenkamp, President/CEO, EDCKC
Margaret J. May, Executive Director, Ivanhoe Neighborhood Council
Rekha Patnaik, Executive Vice President/Director, Bank Strategy & Administration, UMB Financial Corporation