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TO PROMOTE COMMUNITY DEVELOPMENT AND AFFORDABLE HOUSING FOR LOW-INCOME PERSONS THROUGH THE PROVISION OF LOANS OR INVESTMENTS TO PRESERVE AND MAINTAIN LOW-INCOME HOUSING PROJECTS.
Source: IRS Form 990 (Tax Year 2024)
Source: IRS e-Filed Form 990 (from the IRS e-File system), Tax Year 2024
Total Revenue
▼$9.7M
Program Spending
94%
of total expenses go to program services
Total Contributions
$5.5M
Total Expenses
▼$4.7M
Total Assets
$81.1M
Total Liabilities
▼$48.6M
Net Assets
$32.4M
Officer Compensation
→N/A
Other Salaries
N/A
Investment Income
$279.3K
Fundraising
▼N/A
Source: USAspending.gov · Searched by organization name
Total Federal Funding
$33.5M
Awards Found
12
Department of Housing and Urban Development
$10.6M
NEIGHBORHOOD STABILIZATION PROGRAM (RECOVERY ACT FUNDED)
Department of the Treasury
$6M
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
$2.5M
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
$1.4M
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
$740K
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 |
|---|---|---|---|---|---|
| 2024 | Clean | Unmodified (Clean) | $4.8M | Yes | 2025-09-26 |
| 2023 | Clean | Unmodified (Clean) | $7.1M | Yes | 2024-09-30 |
| 2022 | Clean | Unmodified (Clean) | $7.1M | Yes | 2023-09-27 |
| 2021 | Clean | Unmodified (Clean) | $7.7M | Yes | 2022-09-29 |
| 2020 | Clean | Unmodified (Clean) | $5.4M | Yes | 2021-09-28 |
| 2019 | Clean | Unmodified (Clean) | $4.8M | Yes | 2020-08-12 |
| 2018 | Clean | Unmodified (Clean) | $3.8M | Yes | 2018-11-25 |
| 2017 | Clean | Unmodified (Clean) | $3.9M | Yes | 2017-12-19 |
| 2016 | Clean | Unmodified (Clean) | $4.5M | Yes | 2016-12-21 |
Financial Report
Unmodified (Clean)
Federal Expenditure
$4.8M
Financial Report
Unmodified (Clean)
Federal Expenditure
$7.1M
Financial Report
Unmodified (Clean)
Federal Expenditure
$7.1M
Financial Report
Unmodified (Clean)
Federal Expenditure
$7.7M
Financial Report
Unmodified (Clean)
Federal Expenditure
$5.4M
Financial Report
Unmodified (Clean)
Federal Expenditure
$4.8M
Financial Report
Unmodified (Clean)
Federal Expenditure
$3.8M
Financial Report
Unmodified (Clean)
Federal Expenditure
$3.9M
Financial Report
Unmodified (Clean)
Federal Expenditure
$4.5M
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 | $9.7M | $5.5M | $4.7M | $81.1M | $32.4M |
| 2023 | $9.2M | $5.9M | $3.7M | $71.7M | $27.5M |
| 2022 | $5M | $2.9M | $2.7M | $62.9M | $22M |
| 2021 | $6.5M | $4.9M | $1.7M |
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 |
|---|
| Priya Jayachandran | President | 10 | $337.7K | $0 | $23.7K | $361.4K |
| Josh Earn | Vice President | 36 | $222.7K | $0 | $35.5K | $258.2K |
| Nicole Prorock | Treasurer (until 11/22/24) | 10 | $212.5K | $0 | $25.9K | $238.5K |
| Alice Hamilton Evert | Assistant Secretary/secretary | 40 | $138.4K | $0 | $33.9K | $172.3K |
| Amy Lieber | Secretary (as Of 12/3/24) | 36 | $92.4K | $0 | $14.5K | $107K |
| Fatima Diabate | Director Of Hr | 1 | $90.7K | $0 | $13.6K | $104.3K |
| Nicole Meyer | Assistant Secretary (until 8/1/24) | 34 | $75.8K | $0 | $13.7K | $89.5K |
| Curstyn Alexander | Assistant Secretary (as Of 12/3/24) | 36 | $43.6K | $0 | $2,335 | $45.9K |
| Steven Spears | Treasurer (as Of 11/20/24) | 10 | $22.8K | $0 | $0 | $22.8K |
Priya Jayachandran
President
$361.4K
Hrs/Wk
10
Compensation
$337.7K
Related Orgs
$0
Other
$23.7K
Josh Earn
Vice President
$258.2K
Hrs/Wk
36
Compensation
$222.7K
Related Orgs
$0
Other
$35.5K
Nicole Prorock
Treasurer (until 11/22/24)
$238.5K
Hrs/Wk
10
Compensation
$212.5K
Related Orgs
$0
Other
$25.9K
Alice Hamilton Evert
Assistant Secretary/secretary
$172.3K
Hrs/Wk
40
Compensation
$138.4K
Related Orgs
$0
Other
$33.9K
Amy Lieber
Secretary (as Of 12/3/24)
$107K
Hrs/Wk
36
Compensation
$92.4K
Related Orgs
$0
Other
$14.5K
Fatima Diabate
Director Of Hr
$104.3K
Hrs/Wk
1
Compensation
$90.7K
Related Orgs
$0
Other
$13.6K
Nicole Meyer
Assistant Secretary (until 8/1/24)
$89.5K
Hrs/Wk
34
Compensation
$75.8K
Related Orgs
$0
Other
$13.7K
Curstyn Alexander
Assistant Secretary (as Of 12/3/24)
$45.9K
Hrs/Wk
36
Compensation
$43.6K
Related Orgs
$0
Other
$2,335
Steven Spears
Treasurer (as Of 11/20/24)
$22.8K
Hrs/Wk
10
Compensation
$22.8K
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 |
|---|---|---|---|---|---|---|
| Adnan Bohkari | Board Member | 1 | $0 | $0 | $0 | $0 |
| Brett Macleod | Board Member | 1 | $0 | $0 | $0 | $0 |
| Chrystal Kornegay | Board Member | 1 | $0 | $0 | $0 | $0 |
| Dan Ehrenberg | Board Member | 1 | $0 | $0 | $0 | $0 |
| John Maneval | Board Member | 1 | $0 | $0 | $0 | $0 |
| Leila Finucane | Board Member |
Adnan Bohkari
Board Member
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Brett Macleod
Board Member
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Chrystal Kornegay
Board Member
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
| $49.7M |
| $19.8M |
| 2020 | $3.9M | $2.6M | $1.1M | $30M | $15M |
| 2019 | $1M | $86K | $868.2K | $27M | $10.9M |
| 2018 | $1.2M | $517.8K | $889.3K | $23.3M | $10.6M |
| 2017 | $852.6K | $150.2K | $900.5K | $22.5M | $10.3M |
| 2015 | $526.4K | $119.7K | $481.8K | $18.2M | $9.8M |
| 2014 | $1.1M | $658.4K | $743.4K | $19.1M | $9.8M |
| 2013 | $4.2M | $3.8M | $790.8K | $15.9M | $9.8M |
| 2012 | $6.4M | $6.1M | $3.4M | $11.5M | $6.4M |
| 2011 | $2.3M | $2M | $931.3K | $8.5M | $3.3M |
| 2021 | 990 | Data |
| 2020 | 990 | Data |
| 2019 | 990 | Data |
| 2018 | 990 | Data |
| 2017 | 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-PF | — |
| 2006 | 990-PF | — |
| 2005 | 990-PF | — |
| 2004 | 990-PF | — |
| 2003 | 990 | — |
| 2002 | 990-PF | — |
| 2001 | 990-PF | — |
| 2000 | 990-PF | — |
| 1999 | 990-PF | — |
| 1998 | 990-PF | — |
| 1997 | 990-PF | — |
| 1 |
| $0 |
| $0 |
| $0 |
| $0 |
| Lori Glass | Board Member | 1 | $0 | $0 | $0 | $0 |
| Marla Bilonick | Board Member | 1 | $0 | $0 | $0 | $0 |
| Ron Grzywinski | Board Member | 1 | $0 | $0 | $0 | $0 |
| Sal Steven-Hubbard | Board Member | 1 | $0 | $0 | $0 | $0 |
| Vince Toye | Board Member | 1 | $0 | $0 | $0 | $0 |
Dan Ehrenberg
Board Member
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
John Maneval
Board Member
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Leila Finucane
Board Member
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Lori Glass
Board Member
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Marla Bilonick
Board Member
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Ron Grzywinski
Board Member
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Sal Steven-Hubbard
Board Member
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Vince Toye
Board Member
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0