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TO REVITALIZE AND GROW NEIGHBORHOODS THROUGH HOMEOWNERSHIP, REHABILITATION AND COMMUNITY EMPOWERMENT
Source: IRS Form 990 (Tax Year 2025)
Source: IRS e-Filed Form 990 (from the IRS e-File system), Tax Year 2024
Total Revenue
▼$3.5M
Program Spending
93%
of total expenses go to program services
Total Contributions
$3.3M
Total Expenses
▼$3.3M
Total Assets
$5.7M
Total Liabilities
▼$1.7M
Net Assets
$4M
Officer Compensation
→N/A
Other Salaries
$865.7K
Investment Income
$104.6K
Fundraising
▼N/A
Source: USAspending.gov · Searched by organization name
Total Federal Funding
$2M
Awards Found
5
Department of the Treasury
$200K
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)
Total Audits
9
Clean Audits
9
Material Weakness
No
Noncompliance Issues
No
| Year | Status | Financial Report | Federal Expenditure | Low Risk | Accepted |
|---|---|---|---|---|---|
| 2025 | Clean | Unmodified (Clean) | $1.4M | Yes | 2026-01-20 |
| 2024 | Clean | Unmodified (Clean) | $2.5M | Yes | 2024-10-15 |
| 2023 | Clean | Unmodified (Clean) | $2.7M | Yes | 2023-12-05 |
| 2022 | Clean | Unmodified (Clean) | $2.3M | Yes | 2022-11-06 |
| 2021 | Clean | Unmodified (Clean) | $1.6M | Yes | 2021-10-03 |
| 2020 | Clean | Unmodified (Clean) | $910.2K | No | 2020-09-30 |
| 2019 | Clean | Unmodified (Clean) | $876K | No | 2019-10-21 |
| 2017 | Clean | Unmodified (Clean) | $1.4M | Yes | 2017-10-25 |
| 2016 | Clean | Unmodified (Clean) | $932.9K | Yes | 2016-10-19 |
Financial Report
Unmodified (Clean)
Federal Expenditure
$1.4M
Financial Report
Unmodified (Clean)
Federal Expenditure
$2.5M
Financial Report
Unmodified (Clean)
Federal Expenditure
$2.7M
Financial Report
Unmodified (Clean)
Federal Expenditure
$2.3M
Financial Report
Unmodified (Clean)
Federal Expenditure
$1.6M
Financial Report
Unmodified (Clean)
Federal Expenditure
$910.2K
Financial Report
Unmodified (Clean)
Federal Expenditure
$876K
Financial Report
Unmodified (Clean)
Federal Expenditure
$1.4M
Financial Report
Unmodified (Clean)
Federal Expenditure
$932.9K
Tax Year 2024 · Source: IRS e-Filed Form 990
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 | $3.3M | $3.3M | $5.7M | $4M |
| 2023IRS e-File | $3.4M | $3.3M | $3.4M | $5.4M | $3.8M |
| 2022 | $3.4M | $3.4M | $3.4M | $4.9M | $3.7M |
| 2021 | $2.5M |
Sources: ProPublica Nonprofit Explorer & IRS e-File Index
| Tax Year | Form Type | Source | Documents |
|---|---|---|---|
| 2025 | 990 | IRS e-File | PDF not yet published by IRSView Filing → |
| 2024 | 990 | DataIRS e-File | |
| 2023 | 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 |
|---|
| Danielle Smith | Chief Executive Officer | 40 | $135K | $0 | $13.8K | $148.8K |
| Deborah Dorsino | Chief Financial Officer | 40 | $111K | $0 | $11.2K | $122.2K |
| Deborah Hairston | President | 2 | $0 | $0 | $0 | $0 |
| Robert Rice | Secretary | 2 | $0 | $0 | $0 | $0 |
| Mary Griffen | Vice President | 2 | $0 | $0 | $0 | $0 |
| Mary Ellen Luker | Treasurer | 2 | $0 | $0 | $0 | $0 |
Danielle Smith
Chief Executive Officer
$148.8K
Hrs/Wk
40
Compensation
$135K
Related Orgs
$0
Other
$13.8K
Deborah Dorsino
Chief Financial Officer
$122.2K
Hrs/Wk
40
Compensation
$111K
Related Orgs
$0
Other
$11.2K
Deborah Hairston
President
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
Robert Rice
Secretary
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
Mary Griffen
Vice President
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
Mary Ellen Luker
Treasurer
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
Members of the governing board. Board members often serve without compensation.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other | Total |
|---|---|---|---|---|---|---|
| Kelly Walters | Board Member | 1 | $0 | $0 | $0 | $0 |
| Lucretia Hunt | Board Member | 1 | $0 | $0 | $0 | $0 |
| Morris Pearson | Board Member | 1 | $0 | $0 | $0 | $0 |
| Nicole Dorsey | Board Member | 1 | $0 | $0 | $0 | $0 |
| Tobra Vescio | Board Member | 1 | $0 | $0 | $0 | $0 |
Kelly Walters
Board Member
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Lucretia Hunt
Board Member
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Morris Pearson
Board Member
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
| $2.5M |
| $2.5M |
| $4.8M |
| $3.7M |
| 2020 | $1.7M | $1.6M | $1.6M | $4.3M | $3.6M |
| 2019 | $1.6M | $1.5M | $1.6M | $4.3M | $3.6M |
| 2018 | $1.6M | $1.5M | $1.5M | $4.4M | $3.6M |
| 2017 | $1.8M | $1.7M | $1.8M | $4.2M | $3.6M |
| 2016 | $1.6M | $1.6M | $1.7M | $4M | $3.6M |
| 2015 | $1.6M | $1.5M | $1.6M | $4.1M | $3.7M |
| 2014 | $1.5M | $1.5M | $1.5M | $4M | $3.7M |
| 2013 | $1.8M | $1.7M | $1.6M | $4.8M | $3.6M |
| 2012 | $1.3M | $1.1M | $1.1M | $3.9M | $3.4M |
| 2022 | 990 | Data |
| 2021 | 990 | Data |
| 2020 | 990 | Data |
| 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 | — |
| 2010 | 990 | — |
| 2009 | 990 | — |
| 2008 | 990 | — |
| 2007 | 990 | — |
| 2006 | 990 | — |
| 2005 | 990 | — |
| 2004 | 990 | — |
| 2003 | 990 | — |
| 2002 | 990 | — |
| 2001 | 990 | — |
Nicole Dorsey
Board Member
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Tobra Vescio
Board Member
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0