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TO IMPROVE LIVES AND STRENGTHEN COMMUNITIES THROUGH INNOVATIVE FINANCIAL SOLUTIONS.
Source: IRS Form 990 (Tax Year 2024)
Source: IRS e-Filed Form 990 (from the IRS e-File system), Tax Year 2023
Total Revenue
▼$35.7M
Program Spending
81%
of total expenses go to program services
Total Contributions
$15M
Total Expenses
▼$32.8M
Total Assets
$190M
Total Liabilities
▼$111.8M
Net Assets
$78.2M
Officer Compensation
→$2.7M
Other Salaries
$8.4M
Investment Income
$0
Fundraising
▼N/A
Source: USAspending.gov · Searched by organization name
Total Federal Funding
$27.8M
Awards Found
19
Department of the Treasury
$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
$3.7M
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
$2M
PURPOSE: TO PROVIDE SUPPLEMENTAL FUNDING TO CDFI FA AND NACA FA AWARD RECIPIENTS, FOR THESE CERTIFIED COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS (CDFIS) TO PROVIDE FINANCING ACTIVITIES TO SUPPORT HEALTHY FOOD RETAIL OUTLETS AND HEALTHY FOOD NON RETAIL OUTLETS, THAT EXPAND THE AVAILABILITY OF HEALTHY FOODS IN UNDERSERVED AREAS. PLANNED ACTIVITIES: HFFI FINANCIAL ASSISTANCE MUST BE USED FOR FINANCIAL PRODUCTS, DEVELOPMENT SERVICES, LOAN LOSS RESERVES, AND CAPITAL RESERVES (REGULATED INSTITUTIONS ONLY), IN THE RECIPIENT’S APPROVED TARGET MARKET. END GOALS: THE GOAL OF THE HFFI FINANCIAL ASSISTANCE IS TO EXPAND THE AVAILABILITY OF HEALTHY FOODS IN UNDERSERVED AREAS, PARTICULARLY THE AVAILABILITY OF HEALTHY FOOD RETAIL OUTLETS IN AREAS DESIGNATED AS LOW INCOME, LOW ACCESS FOOD AREAS. 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: NOT APPLICABLE. REASON/PURPOSE OF MODIFICATION: NOT APPLICABLE.
Department of the Treasury
$1.3M
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
$950K
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
$800K
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
$640K
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
$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.
Department of the Treasury
$500K
PURPOSE: TO PROVIDE SUPPLEMENTAL FUNDING TO CDFI FA AND NACA FA AWARD RECIPIENTS, FOR THESE CERTIFIED COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS (CDFIS) TO PROVIDE FINANCING ACTIVITIES TO SUPPORT HEALTHY FOOD RETAIL OUTLETS AND HEALTHY FOOD NON RETAIL OUTLETS, THAT EXPAND THE AVAILABILITY OF HEALTHY FOODS IN UNDERSERVED AREAS. PLANNED ACTIVITIES: HFFI FINANCIAL ASSISTANCE MUST BE USED FOR FINANCIAL PRODUCTS, DEVELOPMENT SERVICES, LOAN LOSS RESERVES, AND CAPITAL RESERVES (REGULATED INSTITUTIONS ONLY), IN THE RECIPIENT’S APPROVED TARGET MARKET. END GOALS: THE GOAL OF THE HFFI FINANCIAL ASSISTANCE IS TO EXPAND THE AVAILABILITY OF HEALTHY FOODS IN UNDERSERVED AREAS, PARTICULARLY THE AVAILABILITY OF HEALTHY FOOD RETAIL OUTLETS IN AREAS DESIGNATED AS LOW INCOME, LOW ACCESS FOOD AREAS. 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: NOT APPLICABLE. REASON/PURPOSE OF MODIFICATION: NOT APPLICABLE.
Source: Federal Audit Clearinghouse (fac.gov)
Total Audits
10
Clean Audits
9
Material Weakness
No
Noncompliance Issues
No
| Year | Status | Financial Report | Federal Expenditure | Low Risk | Accepted |
|---|---|---|---|---|---|
| 2025 | Minor Findings | Unmodified (Clean) | $675.8M | Yes | 2026-03-26 |
| 2024 | Clean | Unmodified (Clean) | $652M | Yes | 2024-10-22 |
| 2023 | Clean | Unmodified (Clean) | $660.3M | Yes | 2024-01-03 |
| 2022 | Clean | Unmodified (Clean) | $630M | Yes | 2022-10-23 |
| 2021 | Clean | Unmodified (Clean) | $660.6M | Yes | 2021-10-12 |
| 2020 | Clean | Unmodified (Clean) | $580.2M | Yes | 2020-09-30 |
| 2019 | Clean | Unmodified (Clean) | $496.3M | Yes | 2019-10-24 |
| 2018 | Clean | Unmodified (Clean) | $337.8M | Yes | 2018-09-27 |
| 2017 | Clean | Unmodified (Clean) | $258M | Yes | 2017-10-09 |
| 2016 | Clean | Unmodified (Clean) | $116.2M | No | 2016-10-26 |
Financial Report
Unmodified (Clean)
Federal Expenditure
$675.8M
Financial Report
Unmodified (Clean)
Federal Expenditure
$652M
Financial Report
Unmodified (Clean)
Federal Expenditure
$660.3M
Financial Report
Unmodified (Clean)
Federal Expenditure
$630M
Financial Report
Unmodified (Clean)
Federal Expenditure
$660.6M
Financial Report
Unmodified (Clean)
Federal Expenditure
$580.2M
Financial Report
Unmodified (Clean)
Federal Expenditure
$496.3M
Financial Report
Unmodified (Clean)
Federal Expenditure
$337.8M
Financial Report
Unmodified (Clean)
Federal Expenditure
$258M
Financial Report
Unmodified (Clean)
Federal Expenditure
$116.2M
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: SOUNK
Sources: IRS e-Filed Form 990 (XML) & ProPublica Nonprofit Explorer
Scroll →
| Year | Revenue | Contributions | Expenses | Assets | Net Assets |
|---|---|---|---|---|---|
| 2023IRS e-File | $35.7M | $15M | $32.8M | $190M | $78.2M |
| 2022 | $38.4M | $13.3M | $32.9M | $166.4M | $65.8M |
| 2021 | $69.2M | $28.9M | $46.7M | $307.7M | $44.9M |
| 2020 | $53.1M | $17.1M | $32.9M |
Sources: ProPublica Nonprofit Explorer & IRS e-File Index
Financial data: IRS e-Filed Form 990 (Tax Year 2023)
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 |
|---|
| Jennifer Anderson | Chief Admin Officer Thru 3/24 | 40 | $454K | $0 | $42.6K | $496.6K |
| Keith Rachey | EVP Chief Impact Officer Thru 6/23 | 40 | $415.4K | $0 | $35K | $450.4K |
| Matthew Roth | CEO & President As Of 3/23 | 40 | $298.6K | $0 | $9,025 | $307.6K |
| Jennifer Novak | SVP Cdfi Lending Programs | 40 | $247.4K | $0 | $49.4K | $296.9K |
| Eric Chapin | SVP General Counsel | 40 | $211.2K | $0 | $47.6K | $258.8K |
| Charity Vickers | SVP & Chief People Officer | 40 | $215K | $0 | $40.3K | $255.3K |
| Paul Tremewan | SVP & Chief Financial Officer | 40 | $220.4K | $0 | $26K | $246.4K |
| Patrick Davis | SVP Platform & Tech Services | 40 | $212.5K | $0 | $23.3K | $235.8K |
| Frank Altman | CEO Thru 7/23 | 40 | $210K | $0 | $16.8K | $226.8K |
| Kinfe Argaw | SVP Chief Credit Officer | 40 | $179.7K | $0 | $46K | $225.7K |
| Katelyn Bednarski | SVP Chief Of Staff | 40 | $170.9K | $0 | $45.7K | $216.6K |
| Simon Mcneil | SVP & COO Thru 6/23 | 40 | $177.1K | $0 | $19.1K | $196.3K |
| Alexis Dishman | SVP Chief Lend. Officer As Of 7/23 | 40 | $85.9K | $0 | $12.9K | $98.8K |
| Judith Jandro | SVP Small Bus. Lending Thru 2/23 | 40 | $62.7K | $0 | $8,437 | $71.1K |
| Brandon Dixon | SVP Chief Credit Officer Thru 2/23 | 40 | $39.2K | $0 | $8,194 | $47.4K |
| Daniel Spiller | Chair | 1 | $0 | $0 | $0 | $0 |
| Steve Kent | Treasurer | 1 | $0 | $0 | $0 | $0 |
| Laura Trudeau | Secretary | 1 | $0 | $0 | $0 | $0 |
Jennifer Anderson
Chief Admin Officer Thru 3/24
$496.6K
Hrs/Wk
40
Compensation
$454K
Related Orgs
$0
Other
$42.6K
Keith Rachey
EVP Chief Impact Officer Thru 6/23
$450.4K
Hrs/Wk
40
Compensation
$415.4K
Related Orgs
$0
Other
$35K
Matthew Roth
CEO & President As Of 3/23
$307.6K
Hrs/Wk
40
Compensation
$298.6K
Related Orgs
$0
Other
$9,025
Jennifer Novak
SVP Cdfi Lending Programs
$296.9K
Hrs/Wk
40
Compensation
$247.4K
Related Orgs
$0
Other
$49.4K
Eric Chapin
SVP General Counsel
$258.8K
Hrs/Wk
40
Compensation
$211.2K
Related Orgs
$0
Other
$47.6K
Charity Vickers
SVP & Chief People Officer
$255.3K
Hrs/Wk
40
Compensation
$215K
Related Orgs
$0
Other
$40.3K
Paul Tremewan
SVP & Chief Financial Officer
$246.4K
Hrs/Wk
40
Compensation
$220.4K
Related Orgs
$0
Other
$26K
Patrick Davis
SVP Platform & Tech Services
$235.8K
Hrs/Wk
40
Compensation
$212.5K
Related Orgs
$0
Other
$23.3K
Frank Altman
CEO Thru 7/23
$226.8K
Hrs/Wk
40
Compensation
$210K
Related Orgs
$0
Other
$16.8K
Kinfe Argaw
SVP Chief Credit Officer
$225.7K
Hrs/Wk
40
Compensation
$179.7K
Related Orgs
$0
Other
$46K
Katelyn Bednarski
SVP Chief Of Staff
$216.6K
Hrs/Wk
40
Compensation
$170.9K
Related Orgs
$0
Other
$45.7K
Simon Mcneil
SVP & COO Thru 6/23
$196.3K
Hrs/Wk
40
Compensation
$177.1K
Related Orgs
$0
Other
$19.1K
Alexis Dishman
SVP Chief Lend. Officer As Of 7/23
$98.8K
Hrs/Wk
40
Compensation
$85.9K
Related Orgs
$0
Other
$12.9K
Judith Jandro
SVP Small Bus. Lending Thru 2/23
$71.1K
Hrs/Wk
40
Compensation
$62.7K
Related Orgs
$0
Other
$8,437
Brandon Dixon
SVP Chief Credit Officer Thru 2/23
$47.4K
Hrs/Wk
40
Compensation
$39.2K
Related Orgs
$0
Other
$8,194
Daniel Spiller
Chair
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Steve Kent
Treasurer
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Laura Trudeau
Secretary
$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 |
|---|---|---|---|---|---|---|
| Jennifer Ericson | VP Of Lending | 40 | $218.8K | $0 | $37.1K | $255.9K |
| Sandra Delancy | Senior Director Of Edma | 40 | $185.9K | $0 | $43.9K | $229.8K |
| Erik O'Leary | Principal Architect | 40 | $182K | $0 | $46.2K | $228.2K |
| Tasha Parker | VP Business Operations | 40 | $183.1K | $0 | $43.6K | $226.7K |
| Anna Burgett | Senior Associate General Counsel | 40 | $177.5K | $0 | $45.9K | $223.5K |
Jennifer Ericson
VP Of Lending
$255.9K
Hrs/Wk
40
Compensation
$218.8K
Related Orgs
$0
Other
$37.1K
Sandra Delancy
Senior Director Of Edma
$229.8K
Hrs/Wk
40
Compensation
$185.9K
Related Orgs
$0
Other
$43.9K
Erik O'Leary
Principal Architect
$228.2K
Hrs/Wk
40
Compensation
$182K
Related Orgs
$0
Other
$46.2K
Members of the governing board. Board members often serve without compensation.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other | Total |
|---|---|---|---|---|---|---|
| Bill Krugler | Trustee | 1 | $0 | $0 | $0 | $0 |
| Calvin Holmes | Trustee As Of 10/23 | 1 | $0 | $0 | $0 | $0 |
| Chrystel Cornelius | Trustee | 1 | $0 | $0 | $0 | $0 |
| David Adame | Trustee Thru 10/23 | 1 | $0 | $0 | $0 | $0 |
| Gavin Borowiak | Trustee | 1 | $0 | $0 | $0 | $0 |
| Jacqueline Woods | Trustee Thru 6/24 |
Bill Krugler
Trustee
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Calvin Holmes
Trustee As Of 10/23
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Chrystel Cornelius
Trustee
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
| $272.4M |
| $22.2M |
| 2019 | $23.4M | $4.4M | $21.4M | $121.3M | $3M |
| 2018 | $21.6M | $5.2M | $22.6M | $150.9M | $2.6M |
| 2017 | $24.9M | $4.2M | $24.8M | $159.2M | $3.7M |
| 2016 | $26.2M | $5.3M | $25.5M | $180.6M | $4.9M |
| 2015 | $23.8M | $4.1M | $23.5M | $195.6M | -$686.3K |
| 2014 | $27.1M | $6.3M | $26.7M | $217.3M | -$173.5K |
| 2013 | $28.1M | $3.3M | $33.6M | $260.8M | -$6.1M |
| 2012 | $27.8M | $708.3K | $25.2M | $290M | -$2.3M |
| 2011 | $30M | $1.4M | $34.7M | $307M | -$5.2M |
| 2021 | 990 | Data | PDF not yet published by IRS |
| 2020 | 990 | Data |
| 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 | — |
Tasha Parker
VP Business Operations
$226.7K
Hrs/Wk
40
Compensation
$183.1K
Related Orgs
$0
Other
$43.6K
Anna Burgett
Senior Associate General Counsel
$223.5K
Hrs/Wk
40
Compensation
$177.5K
Related Orgs
$0
Other
$45.9K
| 1 |
| $0 |
| $0 |
| $0 |
| $0 |
| Jeanine Jacokes | Trustee | 1 | $0 | $0 | $0 | $0 |
| Jie Wang | Trustee As Of 6/24 | 1 | $0 | $0 | $0 | $0 |
| Kathy Rock | Trustee | 1 | $0 | $0 | $0 | $0 |
| Luther Ragin Jr | Trustee | 1 | $0 | $0 | $0 | $0 |
| Reza Aghamirzadeh | Trustee | 1 | $0 | $0 | $0 | $0 |
| Ruben Alonso | Trustee | 1 | $0 | $0 | $0 | $0 |
| Tony Brown | Trustee | 1 | $0 | $0 | $0 | $0 |
| Willie Logan | Trustee Thru 1/24 | 1 | $0 | $0 | $0 | $0 |
David Adame
Trustee Thru 10/23
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Gavin Borowiak
Trustee
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Jacqueline Woods
Trustee Thru 6/24
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Jeanine Jacokes
Trustee
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Jie Wang
Trustee As Of 6/24
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Kathy Rock
Trustee
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Luther Ragin Jr
Trustee
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Reza Aghamirzadeh
Trustee
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Ruben Alonso
Trustee
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Tony Brown
Trustee
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Willie Logan
Trustee Thru 1/24
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0