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TO FUEL THE IMPACT AND EFFECTIVENESS OF NONPROFITS WITH GUIDANCE, EXPERTISE, AND CAPITAL.
Source: IRS Form 990 (Tax Year 2025)
Source: IRS e-Filed Form 990 (from the IRS e-File system), Tax Year 2024
Total Revenue
▼$23M
Program Spending
86%
of total expenses go to program services
Total Contributions
$19.4M
Total Expenses
▼$12.6M
Total Assets
$61.7M
Total Liabilities
▼$34.6M
Net Assets
$27.1M
Officer Compensation
→$779.6K
Other Salaries
$2.5M
Investment Income
$628.8K
Fundraising
▼N/A
Source: USAspending.gov · Searched by organization name
Total Federal Funding
$17.9M
Awards Found
15
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
$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 Agriculture
$486K
MONARCH JOINT VENTURE PARTNERSHIPS IN HABITAT CONSERVATION, SCIENCE, AND E
Source: Federal Audit Clearinghouse (fac.gov)
Total Audits
6
Clean Audits
5
Material Weakness
No
Noncompliance Issues
No
| Year | Status | Financial Report | Federal Expenditure | Low Risk | Accepted |
|---|---|---|---|---|---|
| 2025 | Clean | Unmodified (Clean) | $2.5M | No | 2025-07-24 |
| 2022 | Minor Findings | Unmodified (Clean) | $2.1M | Yes | 2022-10-12 |
| 2021 | Clean | Unmodified (Clean) | $1M | Yes | 2021-08-17 |
| 2020 | Clean | Unmodified (Clean) | $1.1M | Yes | 2020-09-30 |
| 2019 | Clean | Unmodified (Clean) | $776.5K | No | 2019-08-05 |
| 2018 | Clean | Unmodified (Clean) | $1.8M | No | 2018-07-04 |
Financial Report
Unmodified (Clean)
Federal Expenditure
$2.5M
Financial Report
Unmodified (Clean)
Federal Expenditure
$2.1M
Financial Report
Unmodified (Clean)
Federal Expenditure
$1M
Financial Report
Unmodified (Clean)
Federal Expenditure
$1.1M
Financial Report
Unmodified (Clean)
Federal Expenditure
$776.5K
Financial Report
Unmodified (Clean)
Federal Expenditure
$1.8M
Tax Year 2025 · 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 | $23M | $19.4M | $12.6M | $61.7M | $27.1M |
| 2023 | $9.3M | $6.9M | $12.3M | $44.3M | $18.2M |
| 2022 | $14.5M | $12.4M | $9M | $49.6M | $21.2M |
| 2021 | $7.7M | $5.6M | $7.5M |
Sources: ProPublica Nonprofit Explorer & IRS e-File Index
| Tax Year | Form Type | Source | Documents |
|---|---|---|---|
| 2025 | 990 | IRS e-File | PDF not yet published by IRSView Filing → |
| 2024 | 990 | DataIRS e-File | |
| 2023 | 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 2025)
Federal grants: USAspending.gov (live)
Organization info: IRS Business Master File
Tax-deductibility: IRS Publication 78
| Total |
|---|
| Henry Jimenez | President And CEO | 40 | $235.4K | $0 | $31.8K | $267.2K |
| Ellie O'Brien | Vice President & CFO | 40 | $157.6K | $0 | $32.9K | $190.6K |
| Garrett Backes | Chief Advancement Officer | 40 | $129.5K | $0 | $30.3K | $159.8K |
| Mario Hernandez | Chief Program Officer | 40 | $131.9K | $0 | $15.4K | $147.3K |
| Kate Barr | President And CEO (through March) | 40 | $71.8K | $0 | $4,468 | $76.2K |
| Jonathan Brown | Chief Program Officer (through March) | 40 | $44K | $0 | $4,450 | $48.5K |
| Scott Marquardt | Chair | 3 | $0 | $0 | $0 | $0 |
| Tamara Lowney | Vice Chair | 2 | $0 | $0 | $0 | $0 |
| Sony Malhotra | Treasurer | 3 | $0 | $0 | $0 | $0 |
| Thomas Adams | Secretary | 3 | $0 | $0 | $0 | $0 |
| Sarah Clyne | Past Chair | 3 | $0 | $0 | $0 | $0 |
Henry Jimenez
President And CEO
$267.2K
Hrs/Wk
40
Compensation
$235.4K
Related Orgs
$0
Other
$31.8K
Ellie O'Brien
Vice President & CFO
$190.6K
Hrs/Wk
40
Compensation
$157.6K
Related Orgs
$0
Other
$32.9K
Garrett Backes
Chief Advancement Officer
$159.8K
Hrs/Wk
40
Compensation
$129.5K
Related Orgs
$0
Other
$30.3K
Mario Hernandez
Chief Program Officer
$147.3K
Hrs/Wk
40
Compensation
$131.9K
Related Orgs
$0
Other
$15.4K
Kate Barr
President And CEO (through March)
$76.2K
Hrs/Wk
40
Compensation
$71.8K
Related Orgs
$0
Other
$4,468
Jonathan Brown
Chief Program Officer (through March)
$48.5K
Hrs/Wk
40
Compensation
$44K
Related Orgs
$0
Other
$4,450
Scott Marquardt
Chair
$0
Hrs/Wk
3
Compensation
$0
Related Orgs
$0
Other
$0
Tamara Lowney
Vice Chair
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
Sony Malhotra
Treasurer
$0
Hrs/Wk
3
Compensation
$0
Related Orgs
$0
Other
$0
Thomas Adams
Secretary
$0
Hrs/Wk
3
Compensation
$0
Related Orgs
$0
Other
$0
Sarah Clyne
Past Chair
$0
Hrs/Wk
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 |
|---|---|---|---|---|---|---|
| Naimo Farah | Capacity Building Direcor | 40 | $104.9K | $0 | $23.9K | $128.7K |
| Hibo Abdi | Loan Fund Director | 40 | $107.4K | $0 | $14.1K | $121.5K |
Naimo Farah
Capacity Building Direcor
$128.7K
Hrs/Wk
40
Compensation
$104.9K
Related Orgs
$0
Other
$23.9K
Hibo Abdi
Loan Fund Director
$121.5K
Hrs/Wk
40
Compensation
$107.4K
Related Orgs
$0
Other
$14.1K
Members of the governing board. Board members often serve without compensation.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other | Total |
|---|---|---|---|---|---|---|
| Braxton Haulcy | Director | 2 | $0 | $0 | $0 | $0 |
| Courtney Colby | Director | 2 | $0 | $0 | $0 | $0 |
| Dominic Papatola | Director | 2 | $0 | $0 | $0 | $0 |
| Gema Alvarado-Guerrero | Director | 2 | $0 | $0 | $0 | $0 |
| Heidi Christianson | Director | 2 | $0 | $0 | $0 | $0 |
| Jean Adams | Director |
Braxton Haulcy
Director
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
Courtney Colby
Director
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
Dominic Papatola
Director
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
| $39.9M |
| $15.1M |
| 2020 | $8.3M | $5.7M | $7.2M | $40.7M | $14.9M |
| 2019 | $8.1M | $5.6M | $7.5M | $38.3M | $13.7M |
| 2018 | $6.1M | $3.7M | $7M | $32.1M | $13M |
| 2017 | $8.9M | $7.3M | $4.2M | $28.1M | $13.9M |
| 2016 | $2.2M | $793.6K | $1.9M | $23.4M | $9.2M |
| 2015 | $2.9M | $1.7M | $1.8M | $23.1M | $8.9M |
| 2014 | $1.3M | $252.7K | $1.7M | $18.4M | $7.8M |
| 2013 | $3.3M | $2.3M | $1.4M | $18.5M | $8.3M |
| 2012 | $2.6M | $1.6M | $1.7M | $16.8M | $6.4M |
| 2022 | 990 | DataIRS e-File |
| 2021 | 990 | Data |
| 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 | — |
| 2010 | 990 | — |
| 2009 | 990 | — |
| 2008 | 990 | — |
| 2007 | 990 | — |
| 2006 | 990 | — |
| 2005 | 990 | — |
| 2004 | 990 | — |
| 2003 | 990 | — |
| 2002 | 990 | — |
| 2 |
| $0 |
| $0 |
| $0 |
| $0 |
| Patty Pannkuk | Director | 2 | $0 | $0 | $0 | $0 |
| Paul Babcock | Director | 2 | $0 | $0 | $0 | $0 |
| Sanjeev Shah | Director | 2 | $0 | $0 | $0 | $0 |
| Sean Kershaw | Director | 2 | $0 | $0 | $0 | $0 |
| Sook Jin Ong | Director | 2 | $0 | $0 | $0 | $0 |
Gema Alvarado-Guerrero
Director
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
Heidi Christianson
Director
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
Jean Adams
Director
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
Patty Pannkuk
Director
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
Paul Babcock
Director
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
Sanjeev Shah
Director
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
Sean Kershaw
Director
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
Sook Jin Ong
Director
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0