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TO EMPOWER ENTREPRENEURS AND COMMUNITY PARTNERS TO TRANSFORM LOW-INCOME NEIGHBORHOOD ECONOMIES FROM WITHIN.
Source: IRS Form 990 (Tax Year 2024)
Source: IRS e-Filed Form 990 (from the IRS e-File system), Tax Year 2024
Total Revenue
▼$14.2M
Program Spending
90%
of total expenses go to program services
Total Contributions
$12.1M
Total Expenses
▼$12M
Total Assets
$43.2M
Total Liabilities
▼$22.6M
Net Assets
$20.7M
Officer Compensation
→$1.2M
Other Salaries
$3.3M
Investment Income
$437K
Fundraising
▼$0
Source: USAspending.gov · Searched by organization name
Total Federal Funding
$20M
Awards Found
32
Department of the Treasury
$2.6M
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.
Small Business Administration
$1.6M
NEIGHBORHOOD DEVELOPMENT CENTER - FY 23 CONGRESSIONAL COMMUNITY PROJECT FUNDING
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.
Small Business Administration
$1M
CONGRESSIONAL EARMARK NEIGHBORHOOD DEVELOPMENT CENTER FY 22 CONGRESSIONAL COMMUNITY PROJECT FUNDING
Small Business Administration
$1M
FY22 CONGRESSIONAL COMMUNITY PROJECT NEIGHBORHOOD DEVELOPMENT CENTER
Department of Health and Human Services
$800K
NORTHWEST UNIVERSITY & DALE (NWUD) ENTREPRENEUR INCUBATOR
Department of Health and Human Services
$765.8K
COMMUNITY ECONOMIC DEVELOPMENT (CED) PROGRAM
Small Business Administration
$356.5K
PRE LOAN & POST LOAN TECHNICAL ASSISTANCE TO SUPPORT SMALL BUSINESSES
Small Business Administration
$264.6K
NEIGHBORHOOD DEVELOPMENT CENTER, MN THE SMALL BUSINESS ADMINISTRATION (SBA) MICROLOAN PROGRAM PROVIDES DIRECT LOANS AND GRANTS TO ELIGIBLE NON-PROFIT MICROLENDERS SO THAT THEY MAY PROVIDE MICRO-LEVEL LOANS, AND BUSINESS BASED TRAINING AND TECHNICAL ASSISTANCE TO START- UP, NEWLY ESTABLISHED AND GROWING SMALL BUSINESS CONCERNS.
Small Business Administration
$254.3K
THE SMALL BUSINESS ADMINISTRATION (SBA) MICROLOAN PROGRAM PROVIDES DIRECT LOANS AND GRANTS TO ELIGIBLE NON-PROFIT MICROLENDERS SO THAT THEY MAY PROVIDE MICRO-LEVEL LOANS, AND BUSINESS BASED TRAINING AND TECHNICAL ASSISTANCE TO START- UP, NEWLY ESTABLISHED AND GROWING SMALL BUSINESS CONCERNS.
Small Business Administration
$239.8K
MICROLOAN PROGRAM - TECHNICAL ASSISTANCE
Small Business Administration
$236.2K
THE SMALL BUSINESS ADMINISTRATION (SBA) MICROLOAN PROGRAM PROVIDES DIRECT LOANS AND GRANTS TO ELIGIBLE NON-PROFIT MICROLENDERS SO THAT THEY MAY PROVIDE MICRO-LEVEL LOANS, AND BUSINESS BASED TRAINING AND TECHNICAL ASSISTANCE TO START- UP, NEWLY ESTABLISHED AND GROWING SMALL BUSINESS CONCERNS
Small Business Administration
$227K
NEIGHBORHOOD DEVELOPMENT CENTER - MN
Small Business Administration
$152.9K
NEIGHBORHOOD DEVELOPMENT CENTER - MN TO ASSIST ALL ENTREPRENEURS BUSINESS OWNERS AND OTHER INDIVIDUALS POSSESSING THE CAPABILITY TO OPERATE SUCCESSFUL BUSINESS CONCERNS AND TO ASSIST SMALL BUSINESS CONCERNS IN THOSE AREAS SUFFERING FROM A LACK OF CREDIT DUE TO ECONOMIC DOWNTURNS UNDER THE PROGRAM THE SMALL BUSINESS ADMINISTRATION SBA WILL MAKE LOANS OR PROVIDE GUARANTIES TO PRIVATE NON PROFIT AND QUASI GOVERNMENTAL ORGANIZATIONS INTERMEDIARY LENDERS THAT WILL USE THE LOAN FUNDS TO MAKE SHORT TERM FIXED INTEREST RATE MICROLOANS IN AMOUNTS UP TO 50000 DOLLARS TO START UP NEWLY ESTABLISHED AND GROWING SMALL BUSINESS CONCERNS THESE MICROLOANS ARE TO BE USED EXCLUSIVELY FOR WORKING CAPITAL INVENTORY SUPPLIES FURNITURE FIXTURES MACHINERY AND OR EQUIPMENT IN ADDITION THE SBA WILL MAKE GRANTS TO PARTICIPATING INTERMEDIARY LENDERS TO PROVIDE MARKETING MANAGEMENT AND TECHNICAL ASSISTANCE TO PROSPECTIVE BORROWERS AND BORROWERS RECEIVING MICROLOANS UNDER THE PROGRAM SBA WILL ALSO PROVIDE TRAINING FOR INTERMEDIARY LENDER
Small Business Administration
$131K
MICROLOAN TECHNICAL ASSISTANCE PROGRAM
Small Business Administration
$107.8K
MICROLOAN TECHNICAL ASSISTANCE FUNDING
Department of Health and Human Services
-$1
REFUGEE MICROENTERPRISE DEVELOPMENT PROGRAM
Source: Federal Audit Clearinghouse (fac.gov)
Total Audits
9
Clean Audits
8
Material Weakness
No
Noncompliance Issues
No
| Year | Status | Financial Report | Federal Expenditure | Low Risk | Accepted |
|---|---|---|---|---|---|
| 2024 | Clean | Unmodified (Clean) | $3.4M | No | 2025-07-21 |
| 2023 | Clean | Unmodified (Clean) | $2.6M | No | 2024-08-08 |
| 2022 | Clean | Unmodified (Clean) | $3.2M | No | 2023-07-25 |
| 2021 | Clean | Unmodified (Clean) | $1.8M | No | 2022-07-16 |
| 2020 | Minor Findings | Unmodified (Clean) | $5.7M | Yes | 2021-09-29 |
| 2019 | Clean | Unmodified (Clean) | $2.3M | Yes | 2020-09-29 |
| 2018 | Clean | Unmodified (Clean) | $2M | Yes | 2019-08-22 |
| 2017 | Clean | Unmodified (Clean) | $1.8M | Yes | 2018-10-10 |
| 2016 | Clean | Unmodified (Clean) | $2.2M | Yes | 2017-10-16 |
Financial Report
Unmodified (Clean)
Federal Expenditure
$3.4M
Financial Report
Unmodified (Clean)
Federal Expenditure
$2.6M
Financial Report
Unmodified (Clean)
Federal Expenditure
$3.2M
Financial Report
Unmodified (Clean)
Federal Expenditure
$1.8M
Financial Report
Unmodified (Clean)
Federal Expenditure
$5.7M
Financial Report
Unmodified (Clean)
Federal Expenditure
$2.3M
Financial Report
Unmodified (Clean)
Federal Expenditure
$2M
Financial Report
Unmodified (Clean)
Federal Expenditure
$1.8M
Financial Report
Unmodified (Clean)
Federal Expenditure
$2.2M
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 | $14.2M | $12.1M | $12M | $43.2M | $20.7M |
| 2023 | $10.2M | $8.7M | $7.6M | $42.6M | $19M |
| 2022 | $11.1M | $9.9M | $11.9M | $39.7M | $16.4M |
| 2021 | $8.2M | $6.9M |
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 |
|---|
| Renay Dossman | President And Chief Executive Officer | 40 | $237.7K | $0 | $37.7K | $275.4K |
| Noya Woodrich | Secretary | 1 | $0 | $0 | $0 | $0 |
| Lachelle Cunningham | Chair | 1 | $0 | $0 | $0 | $0 |
| Karen Gries | Treasurer | 1 | $0 | $0 | $0 | $0 |
Renay Dossman
President And Chief Executive Officer
$275.4K
Hrs/Wk
40
Compensation
$237.7K
Related Orgs
$0
Other
$37.7K
Noya Woodrich
Secretary
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Lachelle Cunningham
Chair
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Karen Gries
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 |
|---|---|---|---|---|---|---|
| Ben Johnson | Vice President, Real Estate And Development | 40 | $140.2K | $0 | $34.6K | $174.8K |
| Tammie Nasseff | Chief Financial Officer | 40 | $143.4K | $0 | $22.4K | $165.9K |
| Shahir Admed-Riddle | Vice President, Business Services | 40 | $125.8K | $0 | $33.1K | $158.9K |
| Perla Mayo | Senior Director Of Lending | 40 | $102.9K | $0 | $39.9K | $142.8K |
| Elisa Pluhar | Chief Innovation And Strategy Officer | 40 | $112.7K | $0 | $15.9K | $128.6K |
Ben Johnson
Vice President, Real Estate And Development
$174.8K
Hrs/Wk
40
Compensation
$140.2K
Related Orgs
$0
Other
$34.6K
Tammie Nasseff
Chief Financial Officer
$165.9K
Hrs/Wk
40
Compensation
$143.4K
Related Orgs
$0
Other
$22.4K
Shahir Admed-Riddle
Vice President, Business Services
$158.9K
Hrs/Wk
40
Compensation
$125.8K
Related Orgs
$0
Other
$33.1K
Members of the governing board. Board members often serve without compensation.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other | Total |
|---|---|---|---|---|---|---|
| Andrea Mardock | Board Member | 1 | $0 | $0 | $0 | $0 |
| Anthony Robinson | Board Member | 1 | $0 | $0 | $0 | $0 |
| Erik Splett | Board Member | 1 | $0 | $0 | $0 | $0 |
| Gebi Tufaa | Board Member | 1 | $0 | $0 | $0 | $0 |
| Jasmine Vasquez | Board Member | 1 | $0 | $0 | $0 | $0 |
| Jon Borden | Board Member |
Andrea Mardock
Board Member
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Anthony Robinson
Board Member
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Erik Splett
Board Member
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
| $6.9M |
| $31.6M |
| $17.4M |
| 2020 | $17.1M | $16.3M | $7.9M | $27.4M | $16.1M |
| 2019 | $5.3M | $4.3M | $4.7M | $16.9M | $7M |
| 2018 | $5.8M | $4.9M | $4.5M | $15M | $6.7M |
| 2017 | $5.4M | $4.7M | $4.2M | $10.9M | $5.3M |
| 2016 | $2.3M | $1.6M | $3.2M | $8.9M | $4.1M |
| 2015 | $4.3M | $3.6M | $3.2M | $9.8M | $5.3M |
| 2014 | $3.3M | $2.7M | $3.1M | $12.3M | $3.9M |
| 2013 | $3.9M | $3.1M | $3.2M | $11.6M | $3.7M |
| 2012 | $2.6M | $2.5M | $2.9M | $15.4M | $8.1M |
| 2011 | $3.4M | $2.7M | $3.3M | $16.3M | $8.5M |
| 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 | — |
| 2009 | 990 | — |
| 2008 | 990 | — |
| 2007 | 990 | — |
| 2006 | 990 | — |
| 2005 | 990 | — |
| 2004 | 990 | — |
| 2003 | 990 | — |
| 2002 | 990 | — |
| 2001 | 990 | — |
Perla Mayo
Senior Director Of Lending
$142.8K
Hrs/Wk
40
Compensation
$102.9K
Related Orgs
$0
Other
$39.9K
Elisa Pluhar
Chief Innovation And Strategy Officer
$128.6K
Hrs/Wk
40
Compensation
$112.7K
Related Orgs
$0
Other
$15.9K
| 1 |
| $0 |
| $0 |
| $0 |
| $0 |
| Juliet Mitchell | Board Member | 1 | $0 | $0 | $0 | $0 |
| Mike Goze | Board Member | 1 | $0 | $0 | $0 | $0 |
| William Sands | Board Member | 1 | $0 | $0 | $0 | $0 |
Gebi Tufaa
Board Member
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Jasmine Vasquez
Board Member
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Jon Borden
Board Member
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Juliet Mitchell
Board Member
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Mike Goze
Board Member
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
William Sands
Board Member
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0