Loading organization details...
Loading organization details...
WE INVEST IN PEOPLE, PROJECTS, AND ORGANIZATIONS THAT CREATE LASTING IMPACT, ADDRESSING COMMUNITY NEEDS IN INNOVATIVE AND EFFECTIVE WAYS. BY LEVERAGING A NETWORK OF PARTNERSHIPS AND CREATIVE FINANCING, WE ENSURE INDIVIDUALS AND NEIGHBORHOODS ACROSS WISCONSIN HAVE ACCESS TO THE RESOURCES THEY NEED TO PROSPER.
Source: IRS Form 990 (Tax Year 2024)
Source: IRS e-Filed Form 990 (from the IRS e-File system), Tax Year 2024
Total Revenue
▼$3.7M
Program Spending
61%
of total expenses go to program services
Total Contributions
$327.4K
Total Expenses
▼$3M
Total Assets
$34.8M
Total Liabilities
▼$18.4M
Net Assets
$16.4M
Officer Compensation
→$243.1K
Other Salaries
$1.1M
Investment Income
$281K
Fundraising
▼N/A
Source: USAspending.gov · Searched by organization name
Total Federal Funding
$12.3M
Awards Found
12
Department of the Treasury
$590K
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
1
Clean Audits
1
Material Weakness
No
Noncompliance Issues
No
| Year | Status | Financial Report | Federal Expenditure | Low Risk | Accepted |
|---|---|---|---|---|---|
| 2022 | Clean | Unmodified (Clean) | $2M | No | 2023-08-15 |
Financial Report
Unmodified (Clean)
Federal Expenditure
$2M
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 | $3.7M | $327.4K | $3M | $34.8M | $16.4M |
| 2023 | $3.4M | $155K | $2.7M | $33.1M | $16M |
| 2022 | $5.2M | $2.6M | $2.9M | $29.9M | $13.5M |
| 2021 | $3.7M | $1.6M | $2.1M |
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 |
|---|
| Ryan Zerwer | President & CEO | 40 | $243.1K | $0 | $0 | $243.1K |
| Jasmine Mercado | Co-chair | 1 | $0 | $0 | $0 | $0 |
| Raynetta Hill | Co-chair | 1 | $0 | $0 | $0 | $0 |
| Jeff Mack Jr | Vice-chair | 1 | $0 | $0 | $0 | $0 |
| Pamela Guthman | Secretary | 1 | $0 | $0 | $0 | $0 |
| Paul Fehrenbach | Treasurer | 1 | $0 | $0 | $0 | $0 |
Ryan Zerwer
President & CEO
$243.1K
Hrs/Wk
40
Compensation
$243.1K
Related Orgs
$0
Other
$0
Jasmine Mercado
Co-chair
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Raynetta Hill
Co-chair
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Jeff Mack Jr
Vice-chair
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Pamela Guthman
Secretary
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Paul Fehrenbach
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 |
|---|---|---|---|---|---|---|
| Robert Beach | Chief Operating Officer | 40 | $170.7K | $0 | $10.2K | $180.9K |
| Evan Reed | Director Of Lending | 40 | $148.7K | $0 | $16.1K | $164.8K |
| Fausto Rivera | Senior Community Lender | 40 | $114.7K | $0 | $37.7K | $152.4K |
| Kirby Toon | Director Of Capital Strategy | 40 | $136.3K | $0 | $4,095 | $140.4K |
| Jodel Wogou | Director Of Finance | 40 | $104K | $0 | $8,964 | $112.9K |
Robert Beach
Chief Operating Officer
$180.9K
Hrs/Wk
40
Compensation
$170.7K
Related Orgs
$0
Other
$10.2K
Evan Reed
Director Of Lending
$164.8K
Hrs/Wk
40
Compensation
$148.7K
Related Orgs
$0
Other
$16.1K
Fausto Rivera
Senior Community Lender
$152.4K
Hrs/Wk
40
Compensation
$114.7K
Related Orgs
$0
Other
$37.7K
Members of the governing board. Board members often serve without compensation.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other | Total |
|---|---|---|---|---|---|---|
| Chris Laurent | Director | 1 | $0 | $0 | $0 | $0 |
| Fern Orie | Director | 1 | $0 | $0 | $0 | $0 |
| Mike Flynn | Director | 1 | $0 | $0 | $0 | $0 |
| Wally Orzechowski | Director | 1 | $0 | $0 | $0 | $0 |
Chris Laurent
Director
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Fern Orie
Director
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Mike Flynn
Director
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
| $29.4M |
| $11.8M |
| 2020 | $2.4M | $222.7K | $2.2M | $27.2M | $10.1M |
| 2019 | $2.9M | $829.6K | $2.2M | $27.3M | $9.7M |
| 2018 | $3.1M | $1.5M | $2.6M | $25.9M | $8.8M |
| 2017 | $3.8M | $1.5M | $2.8M | $24.4M | $8.4M |
| 2016 | $2.7M | $1.2M | $2.3M | $23.2M | $7.3M |
| 2015 | $4.1M | $2.8M | $3.5M | $22.1M | $6.9M |
| 2014 | $2.5M | $1M | $2.2M | $17.7M | $6.5M |
| 2013 | $2.1M | $1.6M | $2.1M | $16.2M | $6.2M |
| 2012 | $2.2M | $1.5M | $1.5M | $16.7M | $6.2M |
| 2011 | $5.1M | $4.6M | $1.2M | $15.5M | $5.5M |
PDF not yet published by IRSView Filing → |
| 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 | — |
| 2007 | 990 | — |
| 2006 | 990 | — |
| 2005 | 990 | — |
| 2004 | 990 | — |
| 2003 | 990 | — |
| 2002 | 990 | — |
| 2001 | 990 | — |
Kirby Toon
Director Of Capital Strategy
$140.4K
Hrs/Wk
40
Compensation
$136.3K
Related Orgs
$0
Other
$4,095
Jodel Wogou
Director Of Finance
$112.9K
Hrs/Wk
40
Compensation
$104K
Related Orgs
$0
Other
$8,964
Wally Orzechowski
Director
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0