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STRENGTHEN NEIGHBORHOOD ECONOMIES BY PROVIDING FLEXIBLE FINANCING/ TECHNICAL SUPPORT TO BUSINESSES IN LOW TO MODERATE INCOME COMMUNITIES OR WITH LOW TO MODERATE INCOME HOUSEHOLDS.
Source: IRS Form 990 (Tax Year 2024)
Source: IRS e-Filed Form 990 (from the IRS e-File system), Tax Year 2024
Total Revenue
▼$2.3M
Program Spending
67%
of total expenses go to program services
Total Contributions
$616.3K
Total Expenses
▼$2.2M
Total Assets
$22.1M
Total Liabilities
▼$7M
Net Assets
$15M
Officer Compensation
→$430.6K
Other Salaries
$811.5K
Investment Income
$400.6K
Fundraising
▼N/A
Source: USAspending.gov · Searched by organization name
Total Federal Funding
$6.7M
Awards Found
19
Small Business Administration
$596.4K
THE SMALL BUSINESS ADMINISTRATION (SBA) MICROLOAN PROGRAM PROVIDES DIRECT LOANS AND GRANTS TO ELIGIBLE NON-PROFIT MICROLENDERS SO THAT THEY MAY PROVIDE MICRO-LEVEL LOANS, AND BUSINESS BASED TRAINING AND TECHNICAL ASSISTANCE TO START- UP, NEWLY ESTABLISHED AND GROWING SMALL BUSINESS CONCERNS.
Small Business Administration
$581.4K
THE SMALL BUSINESS ADMINISTRATION (SBA) MICROLOAN PROGRAM PROVIDES DIRECT LOANS AND GRANTS TO ELIGIBLE NON-PROFIT MICROLENDERS SO THAT THEY MAY PROVIDE MICRO-LEVEL LOANS, AND BUSINESS BASED TRAINING AND TECHNICAL ASSISTANCE TO START- UP, NEWLY ESTABLISHED AND GROWING SMALL BUSINESS CONCERNS.
Small Business Administration
$544.6K
COMMUNITY ECONOMIC DEVELOPMENT FUND, CT THE SMALL BUSINESS ADMINISTRATION (SBA) MICROLOAN PROGRAM PROVIDES DIRECT LOANS AND GRANTS TO ELIGIBLE NON-PROFIT MICROLENDERS SO THAT THEY MAY PROVIDE MICRO-LEVEL LOANS, AND BUSINESS BASED TRAINING AND TECHNICAL ASSISTANCE TO START- UP, NEWLY ESTABLISHED AND GROWING SMALL BUSINESS CONCERNS.
Small Business Administration
$427.1K
COMMUNITY ECONOMIC DEVELOPMENT FUND FOUNDATION, INC., THE
Small Business Administration
$422.9K
COMMUNITY ECON DEV FUND FOUNDATION INC - CT
Small Business Administration
$401.6K
MICROLOAN TECHNICAL ASSISTANCE GRANT
Small Business Administration
$377.6K
MICROLOAN PROGRAM - TECHNICAL ASSISTANCE
Small Business Administration
$297.3K
THE SMALL BUSINESS ADMINISTRATION (SBA) MICROLOAN PROGRAM PROVIDES DIRECT LOANS AND GRANTS TO ELIGIBLE NON-PROFIT MICROLENDERS SO THAT THEY MAY PROVIDE MICRO-LEVEL LOANS, AND BUSINESS BASED TRAINING AND TECHNICAL ASSISTANCE TO START- UP, NEWLY ESTABLISHED AND GROWING SMALL BUSINESS CONCERNS.
Small Business Administration
$284.4K
MICROLOAN TECHNICAL ASSISTANCE PROGRAM
Small Business Administration
$267.7K
MICROLOAN PROGRAM - TECHNICAL ASSISTANCE GRANT
Small Business Administration
-$124.1K
MICROLOAN PROGRAM ? TECHNICAL ASSISTANCE GRANT
Source: Federal Audit Clearinghouse (fac.gov)
Total Audits
10
Clean Audits
10
Material Weakness
No
Noncompliance Issues
No
| Year | Status | Financial Report | Federal Expenditure | Low Risk | Accepted |
|---|---|---|---|---|---|
| 2025 | Clean | Unmodified (Clean) | $3.8M | Yes | 2026-05-18 |
| 2024 | Clean | Unmodified (Clean) | $3.7M | Yes | 2025-04-22 |
| 2023 | Clean | Unmodified (Clean) | $3.4M | Yes | 2024-05-13 |
| 2022 | Clean | Unmodified (Clean) | $3.2M | Yes | 2023-05-03 |
| 2021 | Clean | Unmodified (Clean) | $2.7M | Yes | 2022-05-10 |
| 2020 | Clean | Unmodified (Clean) | $2.5M | Yes | 2021-05-20 |
| 2019 | Clean | Unmodified (Clean) | $2.2M | Yes | 2020-06-04 |
| 2018 | Clean | Unmodified (Clean) | $2.1M | No | 2019-05-08 |
| 2017 | Clean | Unmodified (Clean) | $2.4M | No | 2018-06-03 |
| 2016 | Clean | Unmodified (Clean) | $2.3M | No | 2017-09-29 |
Financial Report
Unmodified (Clean)
Federal Expenditure
$3.8M
Financial Report
Unmodified (Clean)
Federal Expenditure
$3.7M
Financial Report
Unmodified (Clean)
Federal Expenditure
$3.4M
Financial Report
Unmodified (Clean)
Federal Expenditure
$3.2M
Financial Report
Unmodified (Clean)
Federal Expenditure
$2.7M
Financial Report
Unmodified (Clean)
Federal Expenditure
$2.5M
Financial Report
Unmodified (Clean)
Federal Expenditure
$2.2M
Financial Report
Unmodified (Clean)
Federal Expenditure
$2.1M
Financial Report
Unmodified (Clean)
Federal Expenditure
$2.4M
Financial Report
Unmodified (Clean)
Federal Expenditure
$2.3M
Tax Year 2024 · Source: IRS e-Filed Form 990Schedule J available
Individuals serving as officers, directors, or trustees of the organization.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other |
|---|
Source: IRS Publication 78, Auto-Revocation List & e-Postcard Data
Tax-deductible contributions: Yes
Deductibility code: PC
Sources: IRS e-Filed Form 990 (XML) & ProPublica Nonprofit Explorer
Scroll →
| Year | Revenue | Contributions | Expenses | Assets | Net Assets |
|---|---|---|---|---|---|
| 2024IRS e-File | $2.3M | $616.3K | $2.2M | $22.1M | $15M |
| 2023IRS e-File | $2.4M | $903.7K | $2.2M | $20.9M | $14.2M |
| 2022 | $2.2M | $741.6K | $2M | $20.5M | $13.9M |
| 2021 | $2.2M |
Sources: ProPublica Nonprofit Explorer & IRS e-File Index
| Tax Year | Form Type | Source | Documents |
|---|---|---|---|
| 2024 | 990 | IRS e-File | PDF not yet published by IRSView Filing → |
| 2023 | 990 | DataIRS e-File | PDF not yet published by IRSView Filing → |
| 2022 | 990 | DataIRS e-File |
Financial data: IRS e-Filed Form 990 (Tax Year 2024)
Leadership & compensation: IRS e-Filed Form 990, Part VII (Tax Year 2024)
Federal grants: USAspending.gov (live)
Organization info: IRS Business Master File
Tax-deductibility: IRS Publication 78
| Total |
|---|
| James Bzdyra | President/ceo | 40 | $215K | $0 | $29K | $244K |
| Karen Maciorowski | Vp/cfo | 40 | $178.7K | $0 | $8,015 | $186.7K |
| David Cantor | Board Chair | 1 | $0 | $0 | $0 | $0 |
| Kim Healey | Board Vice Chair | 1 | $0 | $0 | $0 | $0 |
| Mark Nolan | Treasurer & Secretary | 1 | $0 | $0 | $0 | $0 |
James Bzdyra
President/ceo
$244K
Hrs/Wk
40
Compensation
$215K
Related Orgs
$0
Other
$29K
Karen Maciorowski
Vp/cfo
$186.7K
Hrs/Wk
40
Compensation
$178.7K
Related Orgs
$0
Other
$8,015
David Cantor
Board Chair
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Kim Healey
Board Vice Chair
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Mark Nolan
Treasurer & Secretary
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Highest compensated employees who are not officers or directors.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other | Total |
|---|---|---|---|---|---|---|
| Ricardo Vidal | Director Of Lending | 40 | $106.3K | $0 | $17.8K | $124.1K |
| Kathleen Domijan | Director Of Accounting | 40 | $109.9K | $0 | $13.7K | $123.6K |
Ricardo Vidal
Director Of Lending
$124.1K
Hrs/Wk
40
Compensation
$106.3K
Related Orgs
$0
Other
$17.8K
Kathleen Domijan
Director Of Accounting
$123.6K
Hrs/Wk
40
Compensation
$109.9K
Related Orgs
$0
Other
$13.7K
Members of the governing board. Board members often serve without compensation.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other | Total |
|---|---|---|---|---|---|---|
| Allison Standish Plimpton | Director | 1 | $0 | $0 | $0 | $0 |
| Ana Alfaro | Director | 1 | $0 | $0 | $0 | $0 |
| Commissioner Jorge Perez | Director | 1 | $0 | $0 | $0 | $0 |
| Holly Williams | Director | 1 | $0 | $0 | $0 | $0 |
| John Fiorello | Director | 1 | $0 | $0 | $0 | $0 |
| John Jepson Jr | Director |
Allison Standish Plimpton
Director
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Ana Alfaro
Director
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Commissioner Jorge Perez
Director
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
| $844.8K |
| $2M |
| $21M |
| $14.7M |
| 2020 | $1.7M | $734.8K | $1.7M | $20M | $13.6M |
| 2019 | $1.9M | $539.8K | $1.8M | $19.9M | $13.9M |
| 2018 | $1.7M | $590K | $1.7M | $19.4M | $12.9M |
| 2017 | $1.7M | $360.9K | $1.6M | $20.5M | $13.6M |
| 2016 | $1.3M | $396.6K | $1.1M | $20.5M | $13.3M |
| 2015 | $1.2M | $364.5K | $1.2M | $20.4M | $12.9M |
| 2014 | $1.9M | $339.8K | $1.4M | $20.8M | $13.4M |
| 2013 | $1.5M | $320.6K | $1.4M | $20.8M | $13.1M |
| 2012 | $2.2M | $1M | $1.6M | $19.9M | $13M |
| 2011 | $1.9M | $965.5K | $1.7M | $21M | $12.7M |
PDF not yet published by IRSView Filing → |
| 2021 | 990 | Data |
| 2020 | 990 | Data | PDF not yet published by IRS |
| 2019 | 990 | Data |
| 2018 | 990 | Data |
| 2017 | 990 | Data |
| 2016 | 990 | Data |
| 2015 | 990 | Data |
| 2014 | 990 | Data |
| 2013 | 990 | Data |
| 2012 | 990 | Data |
| 2011 | 990 | Data |
| 2010 | 990 | — |
| 2009 | 990 | — |
| 2008 | 990 | — |
| 2007 | 990 | — |
| 2006 | 990 | — |
| 2005 | 990 | — |
| 2004 | 990 | — |
| 2003 | 990 | — |
| 2002 | 990 | — |
| 2001 | 990 | — |
| 1 |
| $0 |
| $0 |
| $0 |
| $0 |
| Marcia Fountain | Director | 1 | $0 | $0 | $0 | $0 |
| Michael Brady | Director | 1 | $0 | $0 | $0 | $0 |
| Millie Texidor | Director | 1 | $0 | $0 | $0 | $0 |
| Pastor Carl Mccluster | Director | 1 | $0 | $0 | $0 | $0 |
| Rosanne Ford | Director | 1 | $0 | $0 | $0 | $0 |
| Ted Murphy | Director | 1 | $0 | $0 | $0 | $0 |
| Thomas Malloy | Director | 1 | $0 | $0 | $0 | $0 |
Holly Williams
Director
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
John Fiorello
Director
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
John Jepson Jr
Director
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Marcia Fountain
Director
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Michael Brady
Director
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Millie Texidor
Director
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Pastor Carl Mccluster
Director
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Rosanne Ford
Director
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Ted Murphy
Director
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Thomas Malloy
Director
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0