Loading organization details...
Loading organization details...
Source: IRS e-Filed Form 990 (from the IRS e-File system), Tax Year 2024
Total Revenue
▼$3.3M
Program Spending
77%
of total expenses go to program services
Total Contributions
$1.7M
Total Expenses
▼$3.1M
Total Assets
$30.6M
Total Liabilities
▼$21.2M
Net Assets
$9.4M
Officer Compensation
→$432.3K
Other Salaries
$961.2K
Investment Income
$12.5K
Fundraising
▼N/A
Source: USAspending.gov · Searched by organization name
Total Federal Funding
$9.3M
Awards Found
7
| Awarding Agency | Description | Amount | Fiscal Year | Period |
|---|---|---|---|---|
| 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. | $2.5M | FY2023 | Apr 2023 – Dec 2028 |
| Department of the Treasury | CDFI RAPID RESPONSE PROGRAM AWARD | $1.8M | FY2021 | Jun 2021 – Dec 2023 |
| Department of the Treasury | FINANCIAL ASSISTANCE AWARD | $1.4M | — | — – — |
| Department of the Treasury | FINANCIAL ASSISTANCE AWARD | $1.3M | — | — – — |
| Department of the Treasury | FINANCIAL ASSISTANCE AWARD | $1M | — | — – — |
| Department of the Treasury | FINANCIAL ASSISTANCE AWARD | $700K | — | — – — |
| Department of the Treasury | FINANCIAL ASSISTANCE AWARD | $565K | — | — – — |
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
$1.8M
CDFI RAPID RESPONSE PROGRAM AWARD
Department of the Treasury
$1.4M
FINANCIAL ASSISTANCE AWARD
Department of the Treasury
$1.3M
FINANCIAL ASSISTANCE AWARD
Department of the Treasury
$1M
FINANCIAL ASSISTANCE AWARD
Department of the Treasury
$700K
FINANCIAL ASSISTANCE AWARD
Department of the Treasury
$565K
FINANCIAL 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 | $3.3M | $1.7M | $3.1M | $30.6M | $9.4M |
| 2023 | $4M | $2.7M | $3M | $28M | $9.2M |
| 2022 | $5M | $4M | $2.5M | $26.9M | $8.2M |
| 2021 | $4.2M | $2.5M | $2.2M |
Sources: ProPublica Nonprofit Explorer & IRS e-File Index
| Tax Year | Form Type | Source | Documents |
|---|---|---|---|
| 2024 | 990 | IRS e-File | |
| 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 |
|---|
| Christine Narayanan | President/ceo | 40 | $241K | $0 | $1,460 | $242.5K |
| Kevin Fitzgerald | VP Of Finance/cfo | 40 | $188.3K | $0 | $1,460 | $189.8K |
| Carol Tarnowsky | Secretary | 2 | $0 | $0 | $0 | $0 |
| Sonali Allen | Secretary (ended 8/24) | 2 | $0 | $0 | $0 | $0 |
| Thomas Johnson | Treasurer | 2 | $0 | $0 | $0 | $0 |
| Sheilah P Clay | Vice Chair | 2 | $0 | $0 | $0 | $0 |
| Marc Craig | Board Chair | 4 | $0 | $0 | $0 | $0 |
| Robert Hunt | Immediate Past Chair | 2 | $0 | $0 | $0 | $0 |
Christine Narayanan
President/ceo
$242.5K
Hrs/Wk
40
Compensation
$241K
Related Orgs
$0
Other
$1,460
Kevin Fitzgerald
VP Of Finance/cfo
$189.8K
Hrs/Wk
40
Compensation
$188.3K
Related Orgs
$0
Other
$1,460
Carol Tarnowsky
Secretary
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
Sonali Allen
Secretary (ended 8/24)
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
Thomas Johnson
Treasurer
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
Sheilah P Clay
Vice Chair
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
Marc Craig
Board Chair
$0
Hrs/Wk
4
Compensation
$0
Related Orgs
$0
Other
$0
Robert Hunt
Immediate Past Chair
$0
Hrs/Wk
2
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 |
|---|---|---|---|---|---|---|
| Charles Turner | Director Of Single Family Lending | 40 | $102.1K | $0 | $13.3K | $115.3K |
Charles Turner
Director Of Single Family Lending
$115.3K
Hrs/Wk
40
Compensation
$102.1K
Related Orgs
$0
Other
$13.3K
Members of the governing board. Board members often serve without compensation.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other | Total |
|---|---|---|---|---|---|---|
| Anika Goss | Trustee | 2 | $0 | $0 | $0 | $0 |
| Curtis Smith | Trustee | 2 | $0 | $0 | $0 | $0 |
| Joseph Heaphy | Trustee | 2 | $0 | $0 | $0 | $0 |
| Omar Cuevas | Trustee | 2 | $0 | $0 | $0 | $0 |
| Raymond Henney | Trustee | 2 | $0 | $0 | $0 | $0 |
| Tarik Bazzy | Trustee | 2 |
Anika Goss
Trustee
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
Curtis Smith
Trustee
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
Joseph Heaphy
Trustee
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
| $31.8M |
| $5.8M |
| 2020 | $1.4M | $316.7K | $2.1M | $23.5M | $3.6M |
| 2019 | $1.8M | $902.3K | $2M | $20.4M | $4.3M |
| 2018 | $2M | $1.1M | $1.9M | $19M | $4.5M |
| 2017 | $1M | $155.2K | $3.5M | $16.6M | $4.4M |
| 2016 | $5.5M | $4.7M | $1.6M | $19.4M | $6.8M |
| 2015 | $1.8M | $1.1M | $1.5M | $12.2M | $2.9M |
| 2014 | $1.3M | $749.1K | $1.6M | $11.1M | $2.6M |
| 2013 | $2.2M | $1.5M | $1.6M | $11.9M | $2.9M |
| 2012 | $814.9K | $218.7K | $1.3M | $10.3M | $2.2M |
| 2011 | $1.6M | $1.1M | $1.3M | $9.8M | $2.7M |
| 2010 | $2.9M | $2.4M | $1.6M | $9M | $2.5M |
| 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 | Data |
| 2009 | 990 | — |
| 2008 | 990 | — |
| 2007 | 990 | — |
| 2006 | 990 | — |
| 2005 | 990 | — |
| 2004 | 990 | — |
| 2003 | 990 | — |
| 2002 | 990 | — |
| 2001 | 990 | — |
| $0 |
| $0 |
| $0 |
| $0 |
Omar Cuevas
Trustee
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
Raymond Henney
Trustee
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
Tarik Bazzy
Trustee
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0