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To unlock access to credit to help create a fair financial system where low-income people can realize their potential to build better lives and communities prosper.
Source: IRS Form 990 (Tax Year 2024)
Source: IRS e-Filed Form 990 (from the IRS e-File system), Tax Year 2023
Total Revenue
▼$6M
Program Spending
90%
of total expenses go to program services
Total Contributions
$4.3M
Total Expenses
▼$7M
Total Assets
$28.2M
Total Liabilities
▼$16.6M
Net Assets
$11.6M
Officer Compensation
→N/A
Other Salaries
$1.3M
Investment Income
$55.6K
Fundraising
▼N/A
Source: USAspending.gov · Searched by organization name
Total Federal Funding
$3.3M
Awards Found
11
Department of the Treasury
$383.2K
PURPOSE: TO SUPPORT CERTIFIED COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS (CDFIS) TO PROVIDE AN ALTERNATIVE TO HIGH COST SMALL DOLLAR LOANS, AS WELL AS HELP UNBANKED AND UNDERBANKED POPULATIONS BUILD CREDIT, ACCESS AFFORDABLE CAPITAL, AND ALLOW GREATER ACCESS INTO THE MAINSTREAM FINANCIAL SYSTEM. PLANNED ACTIVITIES: THROUGH THE SDL PROGRAM, THE CDFI FUND WILL PROVIDE GRANTS FOR LOAN LOSS RESERVES (LLR) THE AWARDS WILL ENABLE A CDFI TO ESTABLISH A LOAN LOSS RESERVE FUND IN ORDER TO DEFRAY THE COSTS OF ESTABLISHING OR MAINTAINING A SMALL DOLLAR LOAN PROGRAM. GRANTS FOR TECHNICAL ASSISTANCE (TA) THE AWARDS WILL SUPPORT TECHNOLOGY, STAFF SUPPORT, AND OTHER ELIGIBLE ACTIVITIES TO ENABLE A CERTIFIED CDFI TO ESTABLISH AND MAINTAIN A SMALL DOLLAR LOAN PROGRAM. END GOALS: EXPECTED OUTCOMES ARE AN INCREASE IN SMALL DOLLAR LENDING TO HELP UNBANKED AND UNDERBANKED POPULATIONS BUILD CREDIT, ACCESS AFFORDABLE CAPITAL, AND ALLOW GREATER ACCESS INTO THE MAINSTREAM FINANCIAL SYSTEM. BENEFICIARIES: NONPROFIT ORGANIZATIONS, FOR PROFIT ORGANIZATIONS AND OTHER PRIVATE INSTITUTIONS/ORGANIZATIONS IN THE FORM OF FEDERALLY INSURED DEPOSITORY INSTITUTIONS, OR FEDERALLY INSURED CREDIT UNIONS THAT ARE CERTIFIED CDFIS. SUBRECIPIENTS: THERE ARE NO SUBRECIPIENTS FOR THIS PROGRAM. BROADBAND: NOT APPLICABLE. REASON/PURPOSE OF MODIFICATION: NOT APPLICABLE.
Small Business Administration
$107.9K
IRC CENTER FOR ECON OPPORTUNITY - CA
Small Business Administration
$53.7K
IRC CENTER FOR ECON OPPORTUNITY - CA
Small Business Administration
$50K
TRAINING AND TECHNICAL ASSISTANCE TO SBA MICROLOAN PROGRAM BORROWERS AND PROSPECTIVE BORROWERS
Small Business Administration
$39.4K
IRC'S CENTER FOR ECON OPPORTUNITY, NY 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
$31.9K
IRC CENTER FOR ECONOMIC OPPORTUNITY - CA 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 LE
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 |
|---|---|---|---|---|---|
| 2023 | Clean | Unmodified (Clean) | $972.5K | No | 2024-05-28 |
Financial Report
Unmodified (Clean)
Federal Expenditure
$972.5K
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 |
|---|---|---|---|---|---|
| 2023IRS e-File | $6M | $4.3M | $7M | $28.2M | $11.6M |
| 2022 | $5.7M | $5.2M | $2.6M | $12.1M | $7.9M |
| 2021 | $2.8M | $2.4M | $1.2M | $7.1M | $4.8M |
| 2020 | $2.1M | $1.7M | $1.5M |
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 |
|---|
| Johannes Van De Weerd | Board President | 37.5 | $340.5K | $0 | $0 | $340.5K |
| Ellen Beattie | Board Tresurer | 37.5 | $247K | $0 | $0 | $247K |
| Ariana Miller | Executive Director | 37.5 | $0 | $0 | $0 | $0 |
Johannes Van De Weerd
Board President
$340.5K
Hrs/Wk
37.5
Compensation
$340.5K
Related Orgs
$0
Other
$0
Ellen Beattie
Board Tresurer
$247K
Hrs/Wk
37.5
Compensation
$247K
Related Orgs
$0
Other
$0
Ariana Miller
Executive Director
$0
Hrs/Wk
37.5
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 |
|---|---|---|---|---|---|---|
| Megan Hershiser | Assoc Dir Corporate Partne | 37.5 | $115K | $0 | $0 | $115K |
| Gokcen Topbas | Director Credit Strategy | 37.5 | $107.2K | $0 | $0 | $107.2K |
| Senad Voloder | Dep Dir Origination & Serv | 37.5 | $100.2K | $0 | $0 | $100.2K |
| Mary Grace Ner | Dep Dir Finance & Administ | 37.5 | $95.6K | $0 | $0 | $95.6K |
| Zachary Bezold | Dep Dir Learning & Innovat | 37.5 | $92.4K | $0 | $0 | $92.4K |
Megan Hershiser
Assoc Dir Corporate Partne
$115K
Hrs/Wk
37.5
Compensation
$115K
Related Orgs
$0
Other
$0
Gokcen Topbas
Director Credit Strategy
$107.2K
Hrs/Wk
37.5
Compensation
$107.2K
Related Orgs
$0
Other
$0
Senad Voloder
Dep Dir Origination & Serv
$100.2K
Hrs/Wk
37.5
Compensation
$100.2K
Related Orgs
$0
Other
$0
Individuals who previously served as officers or key employees.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other | Total |
|---|---|---|---|---|---|---|
| Kasra Movahedi | Executive Director | 37.5 | $149.6K | $0 | $0 | $149.6K |
Kasra Movahedi
Executive Director
$149.6K
Hrs/Wk
37.5
Compensation
$149.6K
Related Orgs
$0
Other
$0
| $4.1M |
| $3.3M |
| 2019 | $1.7M | $1.5M | $484.9K | $3M | $2.7M |
| 2018 | $627.4K | $440.2K | $310.5K | $1.7M | $1.5M |
| 2017 | $720.2K | $680.5K | $194K | $1.2M | $1.2M |
| 2016 | $449.9K | $445.2K | $114.8K | $646.9K | $630.4K |
| 2015 | $332.4K | $275K | $85.5K | $306.8K | $301.8K |
| 2014 | $0 | — | $39.7K | $54.9K | — |
| 2013 | $95K | — | $801 | $94.6K | — |
| 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-EZ | Data |
| 2013 | 990-EZ | Data |
Mary Grace Ner
Dep Dir Finance & Administ
$95.6K
Hrs/Wk
37.5
Compensation
$95.6K
Related Orgs
$0
Other
$0
Zachary Bezold
Dep Dir Learning & Innovat
$92.4K
Hrs/Wk
37.5
Compensation
$92.4K
Related Orgs
$0
Other
$0