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Source: IRS Form 990 via ProPublica Nonprofit Explorer
Total Revenue
▼$2.4M
Total Contributions
$1.5M
Total Expenses
▼$700K
Total Assets
$21.7M
Total Liabilities
▼$9M
Net Assets
$12.7M
Officer Compensation
→$155.7K
Other Salaries
$127.6K
Investment Income
▼$23.8K
Fundraising
▼$0
Source: USAspending.gov · Searched by organization name
Total Federal Funding
$12.1M
Awards Found
10
| Awarding Agency | Description | Amount | Fiscal Year | Period |
|---|---|---|---|---|
| Department of the Treasury | PURPOSE: TO ATTRACT FINANCING FOR AND INCREASE INVESTMENT IN AFFORDABLE HOUSING FOR PRIMARILY LOW INCOME, VERY LOW INCOME, AND EXTREMELY LOW INCOME PEOPLE AND FOR CERTAIN RELATED ECONOMIC AND COMMUNITY DEVELOPMENT ACTIVITIES. PLANNED ACTIVITIES: THROUGH COMPETITIVE GRANTS, THE CAPITAL MAGNET FUND (CMF) PROVIDES CAPITAL TO FINANCE AND SUPPORT AFFORDABLE HOUSING AND RELATED ECONOMIC DEVELOPMENT. END GOALS: EXPECTED OUTCOMES INCLUDE INCREASED PRIVATE INVESTMENT IN THE ACQUISITION, DEVELOPMENT, REHABILITATION, AND PRESERVATION OF AFFORDABLE RENTAL HOUSING AND HOMEOWNERSHIP. BENEFICIARIES: CERTIFIED COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION; PRIVATE NONPROFIT HOUSING ORGANIZATIONS, PUBLIC NONPROFIT INSTITUTION/ORGANIZATION. LOW INCOME, VERY LOW INCOME, AND EXTREMELY LOW INCOME INDIVIDUALS AND FAMILIES AS SET FORTH IN 12 C.F.R. PART 1807, AS AMENDED. SUBRECIPIENTS: THERE ARE NO SUBRECIPIENTS FOR THIS PROGRAM. BROADBAND: NOT APPLICABLE. REASON/PURPOSE OF MODIFICATION: NOT APPLICABLE. | $4.5M | FY2025 | Oct 2024 – — |
| Department of the Treasury | CDFI RAPID RESPONSE PROGRAM AWARD | $1.8M | FY2021 | Jun 2021 – Dec 2023 |
| Department of the Treasury | CAPITAL MAGNET FUND AWARD | $1.5M | — | — – — |
| Department of the Treasury | CAPITAL MAGNET FUND AWARD | $1M | — | — – — |
| Department of the Treasury | FINANCIAL ASSISTANCE AWARD | $600K | — | — – — |
| Department of the Treasury | FINANCIAL ASSISTANCE AWARD | $600K | — | — – — |
| Department of the Treasury | FINANCIAL ASSISTANCE AWARD | $600K | — | — – — |
| Department of the Treasury | FINANCIAL ASSISTANCE AWARD | $500K | — | — – — |
| Department of the Treasury | FINANCIAL ASSISTANCE AWARD | $500K | — | — – — |
| Department of the Treasury | FINANCIAL ASSISTANCE AWARD | $500K | — | — – — |
Department of the Treasury
$4.5M
PURPOSE: TO ATTRACT FINANCING FOR AND INCREASE INVESTMENT IN AFFORDABLE HOUSING FOR PRIMARILY LOW INCOME, VERY LOW INCOME, AND EXTREMELY LOW INCOME PEOPLE AND FOR CERTAIN RELATED ECONOMIC AND COMMUNITY DEVELOPMENT ACTIVITIES. PLANNED ACTIVITIES: THROUGH COMPETITIVE GRANTS, THE CAPITAL MAGNET FUND (CMF) PROVIDES CAPITAL TO FINANCE AND SUPPORT AFFORDABLE HOUSING AND RELATED ECONOMIC DEVELOPMENT. END GOALS: EXPECTED OUTCOMES INCLUDE INCREASED PRIVATE INVESTMENT IN THE ACQUISITION, DEVELOPMENT, REHABILITATION, AND PRESERVATION OF AFFORDABLE RENTAL HOUSING AND HOMEOWNERSHIP. BENEFICIARIES: CERTIFIED COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION; PRIVATE NONPROFIT HOUSING ORGANIZATIONS, PUBLIC NONPROFIT INSTITUTION/ORGANIZATION. LOW INCOME, VERY LOW INCOME, AND EXTREMELY LOW INCOME INDIVIDUALS AND FAMILIES AS SET FORTH IN 12 C.F.R. PART 1807, AS AMENDED. SUBRECIPIENTS: THERE ARE NO SUBRECIPIENTS FOR THIS PROGRAM. BROADBAND: NOT APPLICABLE. REASON/PURPOSE OF MODIFICATION: NOT APPLICABLE.
Department of the Treasury
$1.8M
CDFI RAPID RESPONSE PROGRAM AWARD
Department of the Treasury
$1.5M
CAPITAL MAGNET FUND AWARD
Department of the Treasury
$1M
CAPITAL MAGNET FUND AWARD
Department of the Treasury
$600K
FINANCIAL ASSISTANCE AWARD
Department of the Treasury
$600K
FINANCIAL ASSISTANCE AWARD
Department of the Treasury
$600K
FINANCIAL ASSISTANCE AWARD
Department of the Treasury
$500K
FINANCIAL ASSISTANCE AWARD
Department of the Treasury
$500K
FINANCIAL ASSISTANCE AWARD
Department of the Treasury
$500K
FINANCIAL ASSISTANCE AWARD
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.
Source: IRS e-Filed Form 990
No officer or director compensation data available for this organization.
This data is sourced from IRS Form 990, Part VII. It may not be available if the organization files Form 990-N (e-Postcard) or has not yet been enriched.
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 |
|---|---|---|---|---|---|
| 2023 | $2.4M | $1.5M | $700K | $21.7M | $12.7M |
| 2022 | $771.4K | $118.3K | $522K | $19.4M | $11.8M |
| 2021 | $2.6M | $2.1M | $532.9K | $16.4M | $11.6M |
| 2020 | $2.2M | $1.6M | $569.2K | $14.9M |
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 Form 990 via ProPublica Nonprofit Explorer (Tax Year 2023)
Federal grants: USAspending.gov (live)
Organization info: IRS Business Master File · ProPublica Nonprofit Explorer
Tax-deductibility: IRS Publication 78
| $9.5M |
| 2019 | $668.2K | $136.6K | $583.1K | $13.7M | $7.9M |
| 2018 | $1.7M | $1.2M | $444.5K | $13.3M | $7.8M |
| 2017 | $1.1M | $683.6K | $389K | $10.7M | $6.5M |
| 2016 | $472K | $98.6K | $287.8K | $10.3M | $5.8M |
| 2015 | $392.2K | $64K | $282.2K | $9.3M | $5.6M |
| 2014 | $1.6M | $1.3M | $287.8K | $7.5M | $5.5M |
| 2013 | $626.9K | $472.1K | $257.2K | $5.4M | $4.2M |
| 2012 | $846.7K | $713.9K | $261.3K | $5M | $3.8M |
| 2011 | $2M | $1.7M | $267.9K | $5M | $3.2M |
| 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-EZ | — |
| 2007 | 990 | — |
| 2006 | 990 | — |
| 2005 | 990 | — |
| 2003 | 990-EZ | — |