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SEE SCHEDULE O
Source: IRS Form 990 (Tax Year 2024)
Source: IRS e-Filed Form 990 (from the IRS e-File system), Tax Year 2024
Total Revenue
▼$3.5M
Program Spending
81%
of total expenses go to program services
Total Contributions
$0
Total Expenses
▼$4.1M
Total Assets
$45.2M
Total Liabilities
▼$26M
Net Assets
$19.2M
Officer Compensation
→N/A
Other Salaries
$1.4M
Investment Income
$0
Fundraising
▼N/A
Source: USAspending.gov · Searched by organization name
Total Federal Funding
$12.8M
Awards Found
11
Department of the Treasury
$640K
PURPOSE: TO PROMOTE ECONOMIC REVITALIZATION AND COMMUNITY DEVELOPMENT THROUGH INVESTMENT IN AND FINANCIAL ASSISTANCE TO COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS (CDFIS). PLANNED ACTIVITIES: FINANCIAL ASSISTANCE MUST BE USED FOR FINANCIAL PRODUCTS, FINANCIAL SERVICES (REGULATED INSTITUTIONS ONLY), DEVELOPMENT SERVICES, LOAN LOSS RESERVES, AND CAPITAL RESERVES (REGULATED INSTITUTIONS ONLY), IN AN ELIGIBLE MARKET OR THE RECIPIENT’S APPROVED TARGET MARKET. END GOALS: THE GOAL OF THE FINANCIAL ASSISTANCE IS FOR CDFIS TO BUILD THEIR FINANCIAL CAPACITY TO LEND TO ELIGIBLE MARKETS AND/OR THEIR TARGET MARKETS, IN ORDER TO SERVE RURAL AND URBAN LOW INCOME PEOPLE, AND COMMUNITIES ACROSS THE NATION THAT LACK ADEQUATE ACCESS TO AFFORDABLE FINANCIAL PRODUCTS AND FINANCIAL SERVICES. BENEFICIARIES: PROFIT ORGANIZATION, PRIVATE NONPROFIT INSTITUTION/ORGANIZATION, OTHER PRIVATE INSTITUTION/ORGANIZATION INVESTMENT AREAS AND TARGETED POPULATIONS, AS DEFINED IN 12 C.F.R. 1805. SUBRECIPIENTS: THERE ARE NO SUBRECIPIENTS FOR THIS PROGRAM. BROADBAND: SPECIFIC ACTIVITIES RELATING TO BROADBAND USAGE ARE NOT KNOWN AT THE TIME OF AWARD. REASON/PURPOSE OF MODIFICATION: THE RIEGLE ACT (P.L. 103 325), THE STATUTE WHICH AUTHORIZES THE CDFI PROGRAM, REQUIRES THAT FINANCIAL ASSISTANCE AWARDS, INCLUDING BASE FINANCIAL ASSISTANCE (BASE FA), DISABILITY FUNDS FINANCIAL ASSISTANCE (DF FA), AND PERSISTENT POVERTY COUNTIES FINANCIAL ASSISTANCE (PPC FA), BE MATCHED WITH FUNDS FROM NON FEDERAL GOVERNMENT SOURCES AND COMPARABLE IN FORM AND VALUE TO THE FA AWARD. MODIFICATIONS WOULD BE REQUIRED IF THERE IS A CHANGE IN THE FORM AND/OR AMOUNT ORIGINALLY OBLIGATED FOR THE AWARD, BASED ON APPROVED MATCHING FUNDS. NOTE: MATCHING FUNDS ARE REQUIRED ONLY FOR ORGANIZATIONS APPLYING AS CATEGORY II/CORE FA APPLICANTS UNDER THE CDFI PROGRAM. MATCHING FUNDS ARE NOT REQUIRED FOR ANY NATIVE CDFI APPLICANTS OR HOUSING PRODUCTION FINANCIAL ASSISTANCE AWARDS (HP FA). ADDITIONALLY, MATCHING FUNDS ARE NOT REQUIRED FOR SMALL AND EMERGING CDFI ASSISTANCE (SECA) FA APPLICANTS AND HEALTHY FOOD FINANCING INITIATIVES (HFFI) FA APPLICANTS, PENDING FINAL FY 2025 APPROPRIATIONS LANGUAGE.
Department of the Treasury
$590K
PURPOSE: TO PROMOTE ECONOMIC REVITALIZATION AND COMMUNITY DEVELOPMENT THROUGH INVESTMENT IN AND FINANCIAL ASSISTANCE TO COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS (CDFIS). PLANNED ACTIVITIES: FINANCIAL ASSISTANCE MUST BE USED FOR FINANCIAL PRODUCTS, FINANCIAL SERVICES (REGULATED INSTITUTIONS ONLY), DEVELOPMENT SERVICES, LOAN LOSS RESERVES, AND CAPITAL RESERVES (REGULATED INSTITUTIONS ONLY), IN AN ELIGIBLE MARKET OR THE RECIPIENT’S APPROVED TARGET MARKET. END GOALS: THE GOAL OF THE FINANCIAL ASSISTANCE IS FOR CDFIS TO BUILD THEIR FINANCIAL CAPACITY TO LEND TO ELIGIBLE MARKETS AND/OR THEIR TARGET MARKETS, IN ORDER TO SERVE RURAL AND URBAN LOW INCOME PEOPLE, AND COMMUNITIES ACROSS THE NATION THAT LACK ADEQUATE ACCESS TO AFFORDABLE FINANCIAL PRODUCTS AND FINANCIAL SERVICES. BENEFICIARIES: PROFIT ORGANIZATION, PRIVATE NONPROFIT INSTITUTION/ORGANIZATION, OTHER PRIVATE INSTITUTION/ORGANIZATION INVESTMENT AREAS AND TARGETED POPULATIONS, AS DEFINED IN 12 C.F.R. 1805. SUBRECIPIENTS: THERE ARE NO SUBRECIPIENTS FOR THIS PROGRAM. BROADBAND: SPECIFIC ACTIVITIES RELATING TO BROADBAND USAGE ARE NOT KNOWN AT THE TIME OF AWARD. REASON/PURPOSE OF MODIFICATION: THE RIEGLE ACT (P.L. 103 325), THE STATUTE WHICH AUTHORIZES THE CDFI PROGRAM, REQUIRES THAT FINANCIAL ASSISTANCE AWARDS, INCLUDING BASE FINANCIAL ASSISTANCE (BASE FA), DISABILITY FUNDS FINANCIAL ASSISTANCE (DF FA), AND PERSISTENT POVERTY COUNTIES FINANCIAL ASSISTANCE (PPC FA), BE MATCHED WITH FUNDS FROM NON FEDERAL GOVERNMENT SOURCES AND COMPARABLE IN FORM AND VALUE TO THE FA AWARD. MODIFICATIONS WOULD BE REQUIRED IF THERE IS A CHANGE IN THE FORM AND/OR AMOUNT ORIGINALLY OBLIGATED FOR THE AWARD, BASED ON APPROVED MATCHING FUNDS. NOTE: MATCHING FUNDS ARE REQUIRED ONLY FOR ORGANIZATIONS APPLYING AS CATEGORY II/CORE FA APPLICANTS UNDER THE CDFI PROGRAM. MATCHING FUNDS ARE NOT REQUIRED FOR ANY NATIVE CDFI APPLICANTS OR HOUSING PRODUCTION FINANCIAL ASSISTANCE AWARDS (HP FA). ADDITIONALLY, MATCHING FUNDS ARE NOT REQUIRED FOR SMALL AND EMERGING CDFI ASSISTANCE (SECA) FA APPLICANTS AND HEALTHY FOOD FINANCING INITIATIVES (HFFI) FA APPLICANTS, PENDING FINAL FY 2025 APPROPRIATIONS LANGUAGE.
Source: Federal Audit Clearinghouse (fac.gov)
No federal single audit records found for this organization.
Single audits are required for entities expending $750,000+ in federal awards annually.
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 | $3.5M | $0 | $4.1M | $45.2M | $19.2M |
| 2023IRS e-File | $3.9M | $890K | $3.5M | $46.6M | $19.8M |
| 2022 | $3.8M | $407.3K | $4.3M | $54M | $19.3M |
| 2021 | $12.2M |
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 |
|---|
| Daniel Marsh Iii | Chairman | 2.8 | $0 | $531.4K | $73.7K | $605.1K |
| Adam Ennis | Treasurer | 3 | $0 | $351.3K | $93K | $444.2K |
| David Trevisani | Board Member/interim Presi | 8.5 | $0 | $284.3K | $124.9K | $409.3K |
| Daniel Choi | CFO And Vice President | 12.5 | $0 | $271.1K | $61K | $332.1K |
| Jennifer Vertrees | Secretary | 7.5 | $0 | $114.2K | $87.6K | $201.8K |
Daniel Marsh Iii
Chairman
$605.1K
Hrs/Wk
2.8
Compensation
$0
Related Orgs
$531.4K
Other
$73.7K
Adam Ennis
Treasurer
$444.2K
Hrs/Wk
3
Compensation
$0
Related Orgs
$351.3K
Other
$93K
David Trevisani
Board Member/interim Presi
$409.3K
Hrs/Wk
8.5
Compensation
$0
Related Orgs
$284.3K
Other
$124.9K
Daniel Choi
CFO And Vice President
$332.1K
Hrs/Wk
12.5
Compensation
$0
Related Orgs
$271.1K
Other
$61K
Jennifer Vertrees
Secretary
$201.8K
Hrs/Wk
7.5
Compensation
$0
Related Orgs
$114.2K
Other
$87.6K
Highest compensated employees who are not officers or directors.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other | Total |
|---|---|---|---|---|---|---|
| Ann Finnegan | Managing Director Of Lendi | 20 | $0 | $248.4K | $95.7K | $344.1K |
Ann Finnegan
Managing Director Of Lendi
$344.1K
Hrs/Wk
20
Compensation
$0
Related Orgs
$248.4K
Other
$95.7K
Members of the governing board. Board members often serve without compensation.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other | Total |
|---|---|---|---|---|---|---|
| Charley Depew | Board Member | 1 | $0 | $255.3K | $38.8K | $294.1K |
| Dawayne Sims | Board Member | 0.3 | $0 | $0 | $0 | $0 |
| Earl Richarson | Board Member | 0.3 | $0 | $0 | $0 | $0 |
| Kevin Gremse | Board Member | 1 | $0 | $274.4K |
Charley Depew
Board Member
$294.1K
Hrs/Wk
1
Compensation
$0
Related Orgs
$255.3K
Other
$38.8K
Dawayne Sims
Board Member
$0
Hrs/Wk
0.3
Compensation
$0
Related Orgs
$0
Other
$0
Earl Richarson
Board Member
$0
Hrs/Wk
0.3
Compensation
$0
Related Orgs
$0
Other
$0
| $2.6M |
| $4.9M |
| $143.7M |
| $19.8M |
| 2020 | $5M | $1.1M | $4.4M | $138M | $12.5M |
| 2019 | $3.7M | $645K | $5.7M | $47.7M | $12M |
| 2018 | $5.3M | $1.7M | $4.9M | $59.8M | $13.9M |
| 2017 | $5.7M | $2.7M | $4.9M | $62.6M | $13.6M |
| 2016 | $4.8M | $2.1M | $5M | $65.8M | $12.8M |
| 2015 | $4.4M | $1.9M | $5.5M | $64.9M | $13M |
| 2014 | $9.1M | $3M | $5.5M | $94.2M | $13.4M |
| 2013 | $7.4M | $1.7M | $7.3M | $92.9M | $11.7M |
| 2012 | $5.9M | $1.9M | $6.2M | $78.6M | $18.8M |
| 2011 | $8.6M | $7.6M | $1.5M | $73.6M | $19.2M |
| 2021 | 990 | Data |
| 2020 | 990 | Data |
| 2019 | 990 | Data |
| 2018 | 990 | Data |
| 2017 | 990 | Data | PDF not yet published by IRS |
| 2016 | 990 | Data |
| 2015 | 990 | Data |
| 2014 | 990 | Data |
| 2013 | 990 | Data |
| 2012 | 990 | Data |
| 2011 | 990 | Data |
| $100.8K |
| $375.2K |
| Patricia Thomson | Board Member | 0.3 | $0 | $0 | $0 | $0 |
| Raquel Favela | Board Member | 1 | $0 | $293.9K | $38.8K | $332.7K |
| Stephanie Dugan | Board Member | 1 | $0 | $250.7K | $91.2K | $341.8K |
Kevin Gremse
Board Member
$375.2K
Hrs/Wk
1
Compensation
$0
Related Orgs
$274.4K
Other
$100.8K
Patricia Thomson
Board Member
$0
Hrs/Wk
0.3
Compensation
$0
Related Orgs
$0
Other
$0
Raquel Favela
Board Member
$332.7K
Hrs/Wk
1
Compensation
$0
Related Orgs
$293.9K
Other
$38.8K
Stephanie Dugan
Board Member
$341.8K
Hrs/Wk
1
Compensation
$0
Related Orgs
$250.7K
Other
$91.2K