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Source: IRS e-Filed Form 990 (from the IRS e-File system), Tax Year 2024
Total Revenue
▼$18.5M
Program Spending
0%
of total expenses go to program services
Total Contributions
$0
Total Expenses
▼$17.7M
Total Assets
$329.6M
Total Liabilities
▼$288.4M
Net Assets
$41.1M
Officer Compensation
→$854.2K
Other Salaries
$3.8M
Investment Income
$4.1M
Fundraising
▼N/A
Source: USAspending.gov · Searched by organization name
Total Federal Funding
$625K
Awards Found
1
| Awarding Agency | Description | Amount | Fiscal Year | Period |
|---|---|---|---|---|
| Department of the Treasury | 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. | $625K | FY2024 | Sep 2024 – Dec 2027 |
Department of the Treasury
$625K
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 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: Not confirmed
No additional tax-exempt status records found in ReconForce's database.
Sources: IRS e-Filed Form 990 (XML) & ProPublica Nonprofit Explorer
Scroll →
| Year | Revenue | Contributions | Expenses | Assets | Net Assets |
|---|---|---|---|---|---|
| 2024IRS e-File | $18.5M | $0 | $17.7M | $329.6M | $41.1M |
| 2023 | $17.3M | $0 | $15.1M | $312.8M | $39.4M |
| 2022 | $15.2M | $0 | $12.7M | $339.1M | $36.1M |
| 2021 | $12.9M | $0 | $9.7M |
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 | |
| 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
| Total |
|---|
| James Miles | CEO | 40 | $328.5K | $0 | $26.6K | $355.1K |
| Kendrick Walker | VP Marketing | 40 | $131.1K | $0 | $23.8K | $154.9K |
| Jennifer Tucker | VP Of Admini | 40 | $116.7K | $0 | $25.9K | $142.6K |
| Margaret Hale | VP Operation | 40 | $106.5K | $0 | $18.6K | $125.1K |
| William Mcfarland | VP Of Member | 40 | $110.5K | $0 | $10.2K | $120.7K |
| Christina Mcelfresh | Secretary | 1 | $11.8K | $0 | $0 | $11.8K |
| Kyle Mcglone | Chairman | 1 | $11.8K | $0 | $0 | $11.8K |
| Catherine Mcmonigle | Vice Chairma | 1 | $11.8K | $0 | $0 | $11.8K |
James Miles
CEO
$355.1K
Hrs/Wk
40
Compensation
$328.5K
Related Orgs
$0
Other
$26.6K
Kendrick Walker
VP Marketing
$154.9K
Hrs/Wk
40
Compensation
$131.1K
Related Orgs
$0
Other
$23.8K
Jennifer Tucker
VP Of Admini
$142.6K
Hrs/Wk
40
Compensation
$116.7K
Related Orgs
$0
Other
$25.9K
Margaret Hale
VP Operation
$125.1K
Hrs/Wk
40
Compensation
$106.5K
Related Orgs
$0
Other
$18.6K
William Mcfarland
VP Of Member
$120.7K
Hrs/Wk
40
Compensation
$110.5K
Related Orgs
$0
Other
$10.2K
Christina Mcelfresh
Secretary
$11.8K
Hrs/Wk
1
Compensation
$11.8K
Related Orgs
$0
Other
$0
Kyle Mcglone
Chairman
$11.8K
Hrs/Wk
1
Compensation
$11.8K
Related Orgs
$0
Other
$0
Catherine Mcmonigle
Vice Chairma
$11.8K
Hrs/Wk
1
Compensation
$11.8K
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 |
|---|---|---|---|---|---|---|
| Delven Porter | Director | 1 | $11.8K | $0 | $0 | $11.8K |
| Gerry Daly | Director | 1 | $11.8K | $0 | $0 | $11.8K |
| Tyler Henry | Director | 1 | $1,967 | $0 | $0 | $1,967 |
Delven Porter
Director
$11.8K
Hrs/Wk
1
Compensation
$11.8K
Related Orgs
$0
Other
$0
Gerry Daly
Director
$11.8K
Hrs/Wk
1
Compensation
$11.8K
Related Orgs
$0
Other
$0
Tyler Henry
Director
$1,967
Hrs/Wk
1
Compensation
$1,967
Related Orgs
$0
Other
$0
| $349.3M |
| $40.1M |
| 2020 | $9.5M | $0 | $8.4M | $224M | $27.5M |
| 2019 | $11.4M | $0 | $9.1M | $209.9M | $25.4M |
| 2018 | $10.6M | $0 | $8.8M | $208.6M | $22.5M |
| 2017 | $10M | $0 | $9.1M | $215.1M | $21.3M |
| 2016 | $9.5M | $0 | $8.9M | $205.5M | $20.5M |
| 2015 | $9.4M | $0 | $9.1M | $211M | $20M |
| 2014 | $9.2M | $0 | $8.8M | $192.4M | $19.9M |
| 2013 | $8.8M | $0 | $8.8M | $194.4M | $19M |
| 2012 | $9.1M | $0 | $9M | $194.1M | $19.5M |
| 2011 | $9.7M | $0 | $10.6M | $185.3M | $19.4M |
| 2021 | 990 | Data |
| 2020 | 990 | Data |
| 2019 | 990 | Data | PDF not yet published by IRS |
| 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 | — |