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PROVIDE CREDIT AND SERVICES TO SMALL BUSINESSES WITHOUT ACCESS TO TRADITIONAL SOURCES OF FINANCING.
Source: IRS Form 990 (Tax Year 2024)
Source: IRS e-Filed Form 990 (from the IRS e-File system), Tax Year 2024
Total Revenue
▼$9.9M
Program Spending
88%
of total expenses go to program services
Total Contributions
$7.7M
Total Expenses
▼$9.8M
Total Assets
$36.4M
Total Liabilities
▼$22.1M
Net Assets
$14.2M
Officer Compensation
→$215.4K
Other Salaries
$3.3M
Investment Income
$137.6K
Fundraising
▼$0
Source: USAspending.gov · Searched by organization name
Total Federal Funding
$12.2M
Awards Found
23
Department of the Treasury
$1.7M
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
$525K
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.
Small Business Administration
$147.3K
PROGRAM FOR INVESTMENT IN MICROENTREPRENEURS - PRIME
Small Business Administration
$107.3K
MICROLOAN TECHNICAL ASSISTANCE PROGRAM
Small Business Administration
$93.8K
MICROLOAN PROGRAM - TECHNICAL ASSISTANCE GRANT
Small Business Administration
$90.1K
MICROLOAN TECHNICAL ASSISTANCE PROGRAM
Small Business Administration
$65.5K
MICROLOAN TECHNICAL ASSISTANCE PROGRAM
Small Business Administration
$32.3K
MICROLOAN PROGRAM - TECHNICAL ASSISTANCE
Small Business Administration
$21.6K
MICROLOAN TECHNICAL ASSISTANCE PROGRAM
Source: Federal Audit Clearinghouse (fac.gov)
Total Audits
10
Clean Audits
10
Material Weakness
No
Noncompliance Issues
No
| Year | Status | Financial Report | Federal Expenditure | Low Risk | Accepted |
|---|---|---|---|---|---|
| 2025 | Clean | Unmodified (Clean) | $2.2M | Yes | 2026-06-01 |
| 2024 | Clean | Unmodified (Clean) | $9.3M | Yes | 2025-06-02 |
| 2023 | Clean | Unmodified (Clean) | $4.6M | Yes | 2024-06-17 |
| 2022 | Clean | Unmodified (Clean) | $185.8M | Yes | 2023-05-30 |
| 2021 | Clean | Unmodified (Clean) | $139.7M | Yes | 2022-05-31 |
| 2020 | Clean | Unmodified (Clean) | $221.1M | Yes | 2021-06-29 |
| 2019 | Clean | Unmodified (Clean) | $3.4M | Yes | 2020-05-27 |
| 2018 | Clean | Unmodified (Clean) | $3.3M | Yes | 2019-06-18 |
| 2017 | Clean | Unmodified (Clean) | $3.2M | Yes | 2018-05-30 |
| 2016 | Clean | Unmodified (Clean) | $2.9M | Yes | 2017-05-16 |
Financial Report
Unmodified (Clean)
Federal Expenditure
$2.2M
Financial Report
Unmodified (Clean)
Federal Expenditure
$9.3M
Financial Report
Unmodified (Clean)
Federal Expenditure
$4.6M
Financial Report
Unmodified (Clean)
Federal Expenditure
$185.8M
Financial Report
Unmodified (Clean)
Federal Expenditure
$139.7M
Financial Report
Unmodified (Clean)
Federal Expenditure
$221.1M
Financial Report
Unmodified (Clean)
Federal Expenditure
$3.4M
Financial Report
Unmodified (Clean)
Federal Expenditure
$3.3M
Financial Report
Unmodified (Clean)
Federal Expenditure
$3.2M
Financial Report
Unmodified (Clean)
Federal Expenditure
$2.9M
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 | $9.9M | $7.7M | $9.8M | $36.4M | $14.2M |
| 2023 | $9.1M | $7.1M | $8.8M | $35.6M | $14.3M |
| 2022 | $9M | $7.2M | $7.8M | $47.3M | $19.9M |
| 2021 | $12.5M | $11.3M | $6.7M |
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
Tax-deductibility: IRS Publication 78
| Total |
|---|
| Brad Mcconnell | Chief Executive Officer | 40 | $207.3K | $0 | $6,153 | $213.4K |
| Darlene Hightower | Chair, Outreach | 2.3 | $0 | $0 | $0 | $0 |
| Horacio Mendez | Treasurer, Finance And Audit Chair | 2.3 | $0 | $0 | $0 | $0 |
| S Michael Mccracken | Chair, Portfolio And Credit Committee Chair | 2.3 | $0 | $0 | $0 | $0 |
Brad Mcconnell
Chief Executive Officer
$213.4K
Hrs/Wk
40
Compensation
$207.3K
Related Orgs
$0
Other
$6,153
Darlene Hightower
Chair, Outreach
$0
Hrs/Wk
2.3
Compensation
$0
Related Orgs
$0
Other
$0
Horacio Mendez
Treasurer, Finance And Audit Chair
$0
Hrs/Wk
2.3
Compensation
$0
Related Orgs
$0
Other
$0
S Michael Mccracken
Chair, Portfolio And Credit Committee Chair
$0
Hrs/Wk
2.3
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 |
|---|---|---|---|---|---|---|
| Mary Tritsis | Director Of Community Busi | 40 | $166.4K | $0 | $17.4K | $183.8K |
| Rowan Richards | Director Of Coaching And C | 40 | $172.8K | $0 | $5,192 | $178K |
| Jennie Motto Mesterharm | Chief Of Staff | 40 | $135.3K | $0 | $21.7K | $156.9K |
| Jill Kozeluh | Director Of Development | 40 | $139.2K | $0 | $9,170 | $148.4K |
| Mary Riley | Director Of Community Rela | 40 | $135K | $0 | $10.3K | $145.4K |
Mary Tritsis
Director Of Community Busi
$183.8K
Hrs/Wk
40
Compensation
$166.4K
Related Orgs
$0
Other
$17.4K
Rowan Richards
Director Of Coaching And C
$178K
Hrs/Wk
40
Compensation
$172.8K
Related Orgs
$0
Other
$5,192
Jennie Motto Mesterharm
Chief Of Staff
$156.9K
Hrs/Wk
40
Compensation
$135.3K
Related Orgs
$0
Other
$21.7K
Members of the governing board. Board members often serve without compensation.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other | Total |
|---|---|---|---|---|---|---|
| Adrianne Spivey | Director | 2.3 | $0 | $0 | $0 | $0 |
| Anthony Waller | Director | 2.3 | $0 | $0 | $0 | $0 |
| Ben Bochnowski | Director | 2.3 | $0 | $0 | $0 | $0 |
| Clemente Nicado | Director | 2.3 | $0 | $0 | $0 | $0 |
| Juan Ortiz | Director | 2.3 | $0 | $0 | $0 | $0 |
| Mariah Van Ermen | Director |
Adrianne Spivey
Director
$0
Hrs/Wk
2.3
Compensation
$0
Related Orgs
$0
Other
$0
Anthony Waller
Director
$0
Hrs/Wk
2.3
Compensation
$0
Related Orgs
$0
Other
$0
Ben Bochnowski
Director
$0
Hrs/Wk
2.3
Compensation
$0
Related Orgs
$0
Other
$0
| $54.7M |
| $18.8M |
| 2020 | $18.2M | $16.9M | $11.5M | $82.5M | $13.4M |
| 2019 | $5.9M | $5.5M | $4.4M | $13M | $7M |
| 2018 | $5.9M | $3.2M | $3.7M | $10.8M | $6M |
| 2017 | $4.9M | $4M | $4.8M | $9.6M | $3.7M |
| 2016 | $4.4M | $3.2M | $4.6M | $8.7M | $3.7M |
| 2015 | $4.1M | $3M | $4M | $8M | $3.9M |
| 2014 | $3.5M | $2.6M | $3.4M | $8.5M | $3.8M |
| 2013 | $2.9M | $2.5M | $2.8M | $6.6M | $4M |
| 2012 | $3.9M | $3.7M | $2.4M | $6.4M | $3.9M |
| 2011 | $2.6M | $2.3M | $1.7M | $4M | $2.4M |
| 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 | — |
| 2004 | 990 | — |
| 2003 | 990 | — |
| 2002 | 990 | — |
| 2001 | 990 | — |
Jill Kozeluh
Director Of Development
$148.4K
Hrs/Wk
40
Compensation
$139.2K
Related Orgs
$0
Other
$9,170
Mary Riley
Director Of Community Rela
$145.4K
Hrs/Wk
40
Compensation
$135K
Related Orgs
$0
Other
$10.3K
| 2.3 |
| $0 |
| $0 |
| $0 |
| $0 |
| Oscar Johnson | Director | 2.3 | $0 | $0 | $0 | $0 |
| Shandra Richardson | Director | 2.3 | $0 | $0 | $0 | $0 |
| Taz George | Director | 2.3 | $0 | $0 | $0 | $0 |
Clemente Nicado
Director
$0
Hrs/Wk
2.3
Compensation
$0
Related Orgs
$0
Other
$0
Juan Ortiz
Director
$0
Hrs/Wk
2.3
Compensation
$0
Related Orgs
$0
Other
$0
Mariah Van Ermen
Director
$0
Hrs/Wk
2.3
Compensation
$0
Related Orgs
$0
Other
$0
Oscar Johnson
Director
$0
Hrs/Wk
2.3
Compensation
$0
Related Orgs
$0
Other
$0
Shandra Richardson
Director
$0
Hrs/Wk
2.3
Compensation
$0
Related Orgs
$0
Other
$0
Taz George
Director
$0
Hrs/Wk
2.3
Compensation
$0
Related Orgs
$0
Other
$0