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Source: IRS e-Filed Form 990 (from the IRS e-File system), Tax Year 2024
Total Revenue
▼$931.2K
Program Spending
89%
of total expenses go to program services
Total Contributions
$422.1K
Total Expenses
▼$512K
Total Assets
$9M
Total Liabilities
▼$595.6K
Net Assets
$8.4M
Officer Compensation
→N/A
Other Salaries
$304.5K
Investment Income
$17.8K
Fundraising
▼N/A
Source: USAspending.gov · Searched by organization name
Total Federal Funding
$3.9M
Awards Found
6
| Awarding Agency | Description | Amount | Fiscal Year | Period |
|---|---|---|---|---|
| Department of the Treasury | CDFI RAPID RESPONSE PROGRAM AWARD | $1.8M | FY2021 | Jun 2021 – Dec 2023 |
| Department of the Treasury | FINANCIAL ASSISTANCE AWARD | $700K | — | — – — |
| Department of the Treasury | PURPOSE: TO PROVIDE GRANTS TO COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS (CDFIS) FOR THE FOLLOWING PURPOSES 1) TO EXPAND LENDING, GRANT MAKING AND INVESTMENT ACTIVITIES IN LOW OR MODERATE INCOME COMMUNITIES AND TO BORROWERS THAT HAVE HISTORICALLY EXPERIENCED SIGNIFICANT UNMET CAPITAL AND FINANCIAL SERVICES NEEDS AND WERE DISPROPORTIONATELY IMPACTED BY THE COVID 19 PANDEMIC; AND 2) TO ENABLE CDFIS TO BUILD ORGANIZATIONAL CAPACITY AND ACQUIRE TECHNOLOGY, STAFF, AND OTHER TOOLS NECESSARY TO ACCOMPLISH THE ACTIVITIES UNDER A CDFI ERP AWARD. PLANNED ACTIVITIES: ELIGIBLE ACTIVITIES INCLUDE FINANCIAL PRODUCTS, FINANCIAL SERVICES, DEVELOPMENT SERVICES, GRANTS, LOAN LOSS RESERVES AND CAPITAL RESERVES THAT MAY BE USED TO MITIGATE THE IMPACT OF THE COVID 19 PANDEMIC ON UNEMPLOYMENT, CHILDCARE, HEALTHCARE, MENTAL HEALTHCARE, AFFORDABLE HOUSING, AFFORDABLE HOUSING FINANCE, SMALL BUSINESS, SMALL FARMS, BROADBAND INTERNET, AND FOOD SUFFICIENCY. IN ADDITION, TO SUPPORT CDFIS IN BUILDING THEIR CAPACITY TO RESPOND TO THE ECONOMIC IMPACT OF COVID 19, CDFI ERP AWARDS MAY BE USED FOR COMPENSATION PERSONAL SERVICES; COMPENSATION FRINGE BENEFITS; PROFESSIONAL SERVICE COSTS; TRAVEL COSTS; TRAINING AND EDUCATION COSTS; EQUIPMENT; SUPPLIES. END GOALS: EXPANDED FINANCING FOR LOW TO MODERATE INCOME COMMUNITIES AND INDIVIDUALS THAT HAVE HISTORICALLY EXPERIENCED SIGNIFICANT UNMET CAPITAL AND FINANCIAL SERVICES NEEDS AND WERE DISPROPORTIONATELY IMPACTED BY THE COVID 19 PANDEMIC INCLUDING SPECIFIC DESIGNATED COVID IMPACTED CDFI ERP ELIGIBLE GEOGRAPHIES AS AREAS THAT MAY BENEFIT FROM CDFI ERP ASSISTANCE. BENEFICIARIES: CERTIFIED CDFIS WHICH MAY BE FOR PROFIT ORGANIZATION, PRIVATE NONPROFIT INSTITUTION/ORGANIZATION, AND OTHER PRIVATE INSTITUTION/ORGANIZATION, AS DEFINED IN 12 C.F.R. 1805, AND LOW AND MODERATE INCOME INDIVIDUALS AND FAMILIES. 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: NOT APPLICABLE. | $661K | FY2023 | Apr 2023 – Dec 2028 |
| Department of the Treasury | FINANCIAL ASSISTANCE AWARD | $500K | — | — – — |
| Department of the Treasury | TECHNICAL ASSISTANCE AWARD | $125K | — | — – — |
| Department of the Treasury | TECHNICAL ASSISTANCE AWARD | $97.1K | — | — – — |
Department of the Treasury
$1.8M
CDFI RAPID RESPONSE PROGRAM AWARD
Department of the Treasury
$700K
FINANCIAL ASSISTANCE AWARD
Department of the Treasury
$661K
PURPOSE: TO PROVIDE GRANTS TO COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS (CDFIS) FOR THE FOLLOWING PURPOSES 1) TO EXPAND LENDING, GRANT MAKING AND INVESTMENT ACTIVITIES IN LOW OR MODERATE INCOME COMMUNITIES AND TO BORROWERS THAT HAVE HISTORICALLY EXPERIENCED SIGNIFICANT UNMET CAPITAL AND FINANCIAL SERVICES NEEDS AND WERE DISPROPORTIONATELY IMPACTED BY THE COVID 19 PANDEMIC; AND 2) TO ENABLE CDFIS TO BUILD ORGANIZATIONAL CAPACITY AND ACQUIRE TECHNOLOGY, STAFF, AND OTHER TOOLS NECESSARY TO ACCOMPLISH THE ACTIVITIES UNDER A CDFI ERP AWARD. PLANNED ACTIVITIES: ELIGIBLE ACTIVITIES INCLUDE FINANCIAL PRODUCTS, FINANCIAL SERVICES, DEVELOPMENT SERVICES, GRANTS, LOAN LOSS RESERVES AND CAPITAL RESERVES THAT MAY BE USED TO MITIGATE THE IMPACT OF THE COVID 19 PANDEMIC ON UNEMPLOYMENT, CHILDCARE, HEALTHCARE, MENTAL HEALTHCARE, AFFORDABLE HOUSING, AFFORDABLE HOUSING FINANCE, SMALL BUSINESS, SMALL FARMS, BROADBAND INTERNET, AND FOOD SUFFICIENCY. IN ADDITION, TO SUPPORT CDFIS IN BUILDING THEIR CAPACITY TO RESPOND TO THE ECONOMIC IMPACT OF COVID 19, CDFI ERP AWARDS MAY BE USED FOR COMPENSATION PERSONAL SERVICES; COMPENSATION FRINGE BENEFITS; PROFESSIONAL SERVICE COSTS; TRAVEL COSTS; TRAINING AND EDUCATION COSTS; EQUIPMENT; SUPPLIES. END GOALS: EXPANDED FINANCING FOR LOW TO MODERATE INCOME COMMUNITIES AND INDIVIDUALS THAT HAVE HISTORICALLY EXPERIENCED SIGNIFICANT UNMET CAPITAL AND FINANCIAL SERVICES NEEDS AND WERE DISPROPORTIONATELY IMPACTED BY THE COVID 19 PANDEMIC INCLUDING SPECIFIC DESIGNATED COVID IMPACTED CDFI ERP ELIGIBLE GEOGRAPHIES AS AREAS THAT MAY BENEFIT FROM CDFI ERP ASSISTANCE. BENEFICIARIES: CERTIFIED CDFIS WHICH MAY BE FOR PROFIT ORGANIZATION, PRIVATE NONPROFIT INSTITUTION/ORGANIZATION, AND OTHER PRIVATE INSTITUTION/ORGANIZATION, AS DEFINED IN 12 C.F.R. 1805, AND LOW AND MODERATE INCOME INDIVIDUALS AND FAMILIES. 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: NOT APPLICABLE.
Department of the Treasury
$500K
FINANCIAL ASSISTANCE AWARD
Department of the Treasury
$125K
TECHNICAL ASSISTANCE AWARD
Department of the Treasury
$97.1K
TECHNICAL 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.
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 | $931.2K | $422.1K | $512K | $9M | $8.4M |
| 2023 | $1.3M | $917.3K | $645.5K | $8.8M | $8M |
| 2022 | $2.6M | $2.2M | $529.5K | $7.9M | $7.3M |
| 2021 | $1.1M | $804.1K |
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 |
|---|
| Arthur P Ziegler Jr | Co-founder | 1.2 | $0 | $338K | $31K | $369.1K |
| Michael Sriprasert | President | 5.6 | $0 | $320.3K | $30K | $350.4K |
| Andrew Marks | Controller | 7.6 | $0 | $110.2K | $32.1K | $142.4K |
| Jennifer Cash Wade | Chair | 0.5 | $0 | $0 | $0 | $0 |
| Dianne Swan | Vice Chair | 0.1 | $0 | $0 | $0 | $0 |
| Kasey Connors | Secretary | 0.5 | $0 | $0 | $0 | $0 |
| Scott L Brown | Treasurer | 1 | $0 | $0 | $0 | $0 |
Arthur P Ziegler Jr
Co-founder
$369.1K
Hrs/Wk
1.2
Compensation
$0
Related Orgs
$338K
Other
$31K
Michael Sriprasert
President
$350.4K
Hrs/Wk
5.6
Compensation
$0
Related Orgs
$320.3K
Other
$30K
Andrew Marks
Controller
$142.4K
Hrs/Wk
7.6
Compensation
$0
Related Orgs
$110.2K
Other
$32.1K
Jennifer Cash Wade
Chair
$0
Hrs/Wk
0.5
Compensation
$0
Related Orgs
$0
Other
$0
Dianne Swan
Vice Chair
$0
Hrs/Wk
0.1
Compensation
$0
Related Orgs
$0
Other
$0
Kasey Connors
Secretary
$0
Hrs/Wk
0.5
Compensation
$0
Related Orgs
$0
Other
$0
Scott L Brown
Treasurer
$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 |
|---|---|---|---|---|---|---|
| Don Kortlandt | General Counsel | 8.6 | $0 | $221K | $40K | $261K |
| Robert Wagner | Senior Loan Officer | 40 | $0 | $146.5K | $35.5K | $182K |
Don Kortlandt
General Counsel
$261K
Hrs/Wk
8.6
Compensation
$0
Related Orgs
$221K
Other
$40K
Robert Wagner
Senior Loan Officer
$182K
Hrs/Wk
40
Compensation
$0
Related Orgs
$146.5K
Other
$35.5K
Members of the governing board. Board members often serve without compensation.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other | Total |
|---|---|---|---|---|---|---|
| David J Vater | Trustee | 0.5 | $0 | $0 | $0 | $0 |
| Deborah Blackwell-Battle | Trustee | 0.5 | $0 | $0 | $0 | $0 |
| Doris Carson Williams | Trustee | 3 | $0 | $0 | $0 | $0 |
| Elisa J Cavalier | Trustee | 0.5 | $0 | $0 | $0 | $0 |
| John Bendel | Trustee | 0.5 | $0 | $0 | $0 | $0 |
| Josie Bryant | Trustee |
David J Vater
Trustee
$0
Hrs/Wk
0.5
Compensation
$0
Related Orgs
$0
Other
$0
Deborah Blackwell-Battle
Trustee
$0
Hrs/Wk
0.5
Compensation
$0
Related Orgs
$0
Other
$0
Doris Carson Williams
Trustee
$0
Hrs/Wk
3
Compensation
$0
Related Orgs
$0
Other
$0
| $465.2K |
| $6.8M |
| $5.3M |
| 2020 | $511K | $228K | $476K | $5.7M | $4.7M |
| 2019 | $715.3K | $455K | $617.1K | $5.7M | $4.6M |
| 2018 | $2.3M | $2.1M | $713.6K | $4.7M | $4.5M |
| 2017 | $710K | $600K | $569.5K | $3M | $3M |
| 2016 | $108.9K | $31.5K | $469.2K | $2.9M | $2.8M |
| 2015 | $386.7K | $351.5K | $343.1K | $3.3M | $3.2M |
| 2014 | $903.3K | $829.7K | $635.5K | $3.4M | $3.2M |
| 2013 | $357.3K | $277K | $424.9K | $3.2M | $2.9M |
| 2012 | $1.3M | $567.1K | $1.2M | $3.3M | $3M |
| 2011 | $181.4K | $31K | $446.5K | $3.3M | $2.9M |
| 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 | Data |
| 2010 | 990 | — |
| 2009 | 990 | — |
| 2008 | 990 | — |
| 2007 | 990 | — |
| 0.5 |
| $0 |
| $0 |
| $0 |
| $0 |
| Leon Haynes | Trustee | 0.5 | $0 | $0 | $0 | $0 |
| Morton D Stanfield Jr | Trustee | 1.5 | $0 | $0 | $0 | $0 |
| Taylor Hardy | Trustee | 4.5 | $0 | $0 | $0 | $0 |
| Thomas W Mccargo | Trustee | 0.5 | $0 | $0 | $0 | $0 |
Elisa J Cavalier
Trustee
$0
Hrs/Wk
0.5
Compensation
$0
Related Orgs
$0
Other
$0
John Bendel
Trustee
$0
Hrs/Wk
0.5
Compensation
$0
Related Orgs
$0
Other
$0
Josie Bryant
Trustee
$0
Hrs/Wk
0.5
Compensation
$0
Related Orgs
$0
Other
$0
Leon Haynes
Trustee
$0
Hrs/Wk
0.5
Compensation
$0
Related Orgs
$0
Other
$0
Morton D Stanfield Jr
Trustee
$0
Hrs/Wk
1.5
Compensation
$0
Related Orgs
$0
Other
$0
Taylor Hardy
Trustee
$0
Hrs/Wk
4.5
Compensation
$0
Related Orgs
$0
Other
$0
Thomas W Mccargo
Trustee
$0
Hrs/Wk
0.5
Compensation
$0
Related Orgs
$0
Other
$0