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Source: IRS e-Filed Form 990 (from the IRS e-File system), Tax Year 2023
Total Revenue
▼$5.2M
Program Spending
90%
of total expenses go to program services
Total Contributions
$838.5K
Total Expenses
▼$6.5M
Total Assets
$42.3M
Total Liabilities
▼$10.5M
Net Assets
$31.9M
Officer Compensation
→$592.5K
Other Salaries
$1.3M
Investment Income
$723.5K
Fundraising
▼N/A
Source: USAspending.gov · Searched by organization name
Total Federal Funding
$11.4M
Awards Found
3
Department of the Treasury
$5M
PURPOSE: TO ATTRACT FINANCING FOR AND INCREASE INVESTMENT IN AFFORDABLE HOUSING FOR PRIMARILY LOW INCOME, VERY LOW INCOME, AND EXTREMELY LOW INCOME PEOPLE AND FOR CERTAIN RELATED ECONOMIC AND COMMUNITY DEVELOPMENT ACTIVITIES. PLANNED ACTIVITIES: THROUGH COMPETITIVE GRANTS, THE CAPITAL MAGNET FUND (CMF) PROVIDES CAPITAL TO FINANCE AND SUPPORT AFFORDABLE HOUSING AND RELATED ECONOMIC DEVELOPMENT. END GOALS: EXPECTED OUTCOMES INCLUDE INCREASED PRIVATE INVESTMENT IN THE ACQUISITION, DEVELOPMENT, REHABILITATION, AND PRESERVATION OF AFFORDABLE RENTAL HOUSING AND HOMEOWNERSHIP. BENEFICIARIES: CERTIFIED COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION; PRIVATE NONPROFIT HOUSING ORGANIZATIONS, PUBLIC NONPROFIT INSTITUTION/ORGANIZATION. LOW INCOME, VERY LOW INCOME, AND EXTREMELY LOW INCOME INDIVIDUALS AND FAMILIES AS SET FORTH IN 12 C.F.R. PART 1807, AS AMENDED. SUBRECIPIENTS: THERE ARE NO SUBRECIPIENTS FOR THIS PROGRAM. BROADBAND: NOT APPLICABLE. REASON/PURPOSE OF MODIFICATION: NOT APPLICABLE.
Department of Housing and Urban Development
$3.8M
S202 CAP ADV METRO UNITS
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) | $1.2M | No | 2022-12-29 |
Financial Report
Unmodified (Clean)
Federal Expenditure
$1.2M
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 |
|---|---|---|---|---|---|
| 2023IRS e-File | $5.2M | $838.5K | $6.5M | $42.3M | $31.9M |
| 2022 | $10.2M | $2M | $4.4M | $34M | $30.8M |
| 2021 | $6M | $1.6M | $3.8M | $33.3M | $25.3M |
| 2020 | $6.3M | $1.9M | $3.6M |
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 |
|---|
| Dana Johnson | President & CEO | 40 | $242.5K | $0 | $27.1K | $269.6K |
| Jolly Burks | Vice President & CFO | 40 | $211.5K | $0 | $24.4K | $235.9K |
| W Andrew Hanson | Vice President | 40 | $193.8K | $0 | $23.2K | $217K |
| Michael Bodaken Thru 3-28-2024 | Vice Chairman & Director | 0.5 | $0 | $0 | $0 | $0 |
| Saul Gilstein | Treasurer & Director | 0.5 | $0 | $0 | $0 | $0 |
| Chickie Grayson | Secretary & Director | 0.5 | $0 | $0 | $0 | $0 |
| Kimberly Fry | Director | 0.5 | $0 | $0 | $0 | $0 |
Dana Johnson
President & CEO
$269.6K
Hrs/Wk
40
Compensation
$242.5K
Related Orgs
$0
Other
$27.1K
Jolly Burks
Vice President & CFO
$235.9K
Hrs/Wk
40
Compensation
$211.5K
Related Orgs
$0
Other
$24.4K
W Andrew Hanson
Vice President
$217K
Hrs/Wk
40
Compensation
$193.8K
Related Orgs
$0
Other
$23.2K
Michael Bodaken Thru 3-28-2024
Vice Chairman & Director
$0
Hrs/Wk
0.5
Compensation
$0
Related Orgs
$0
Other
$0
Saul Gilstein
Treasurer & Director
$0
Hrs/Wk
0.5
Compensation
$0
Related Orgs
$0
Other
$0
Chickie Grayson
Secretary & Director
$0
Hrs/Wk
0.5
Compensation
$0
Related Orgs
$0
Other
$0
Kimberly Fry
Director
$0
Hrs/Wk
0.5
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 |
|---|---|---|---|---|---|---|
| Daniel Lukomsky Thru 11-22-2023 | Vice President, Portfolio Management | 40 | $178.9K | $0 | $9,686 | $188.6K |
| Denise Fazio | Development Director | 40 | $160.9K | $0 | $24.3K | $185.2K |
| Julie Mccabe | Vice President Service Enhanced Housing | 40 | $143.2K | $0 | $16.2K | $159.4K |
| Mary Smith | Controller | 40 | $135.9K | $0 | $23.5K | $159.4K |
| Lindsay Thompson | Director, Design And Construction | 40 | $125.9K | $0 | $28.1K | $154K |
Daniel Lukomsky Thru 11-22-2023
Vice President, Portfolio Management
$188.6K
Hrs/Wk
40
Compensation
$178.9K
Related Orgs
$0
Other
$9,686
Denise Fazio
Development Director
$185.2K
Hrs/Wk
40
Compensation
$160.9K
Related Orgs
$0
Other
$24.3K
Julie Mccabe
Vice President Service Enhanced Housing
$159.4K
Hrs/Wk
40
Compensation
$143.2K
Related Orgs
$0
Other
$16.2K
Members of the governing board. Board members often serve without compensation.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other | Total |
|---|---|---|---|---|---|---|
| Elizabeth Scott Glen | Director | 0.5 | $0 | $0 | $0 | $0 |
| Eric Brown | Director | 0.5 | $0 | $0 | $0 | $0 |
| Graylin Smith Effective 4-18-23 | Director | 0.5 | $0 | $0 | $0 | $0 |
| James I Humphrey Jr | Director | 0.5 | $0 | $0 | $0 | $0 |
| Jeffrey R Stern | Chairman & Director | 0.5 | $0 | $0 | $0 | $0 |
| Lessie Powell Evans |
Elizabeth Scott Glen
Director
$0
Hrs/Wk
0.5
Compensation
$0
Related Orgs
$0
Other
$0
Eric Brown
Director
$0
Hrs/Wk
0.5
Compensation
$0
Related Orgs
$0
Other
$0
Graylin Smith Effective 4-18-23
Director
$0
Hrs/Wk
0.5
Compensation
$0
Related Orgs
$0
Other
$0
| $28.8M |
| $21.1M |
| 2019 | $5.1M | $3M | $4.3M | $26.2M | $18.6M |
| 2018 | $5.1M | $1.2M | $4M | $25.6M | $17.8M |
| 2017 | $5M | $241.6K | $2.8M | $26M | $16.7M |
| 2016 | $3.5M | $238K | $4.4M | $21.7M | $14.4M |
| 2015 | $13M | $871.5K | $5.7M | $20.3M | $15.3M |
| 2014 | $6.2M | $815.4K | $5.7M | $39.3M | $8.1M |
| 2013 | $5.8M | $273.4K | $6M | $37.9M | $7.5M |
| 2012 | $4.4M | $112.6K | $4.9M | $36M | $7.6M |
| 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 | — |
| Danielle England Eff 12-01-2023 |
| Vice President, Portfolio Management |
| 40 |
| $102.2K |
| $0 |
| $12.8K |
| $115K |
| Vicky Grim | Development Associate | 40 | $105.7K | $0 | $6,041 | $111.7K |
| Deepthi Jain | Development Director | 40 | $104.3K | $0 | $838 | $105.1K |
Mary Smith
Controller
$159.4K
Hrs/Wk
40
Compensation
$135.9K
Related Orgs
$0
Other
$23.5K
Lindsay Thompson
Director, Design And Construction
$154K
Hrs/Wk
40
Compensation
$125.9K
Related Orgs
$0
Other
$28.1K
Danielle England Eff 12-01-2023
Vice President, Portfolio Management
$115K
Hrs/Wk
40
Compensation
$102.2K
Related Orgs
$0
Other
$12.8K
Vicky Grim
Development Associate
$111.7K
Hrs/Wk
40
Compensation
$105.7K
Related Orgs
$0
Other
$6,041
Deepthi Jain
Development Director
$105.1K
Hrs/Wk
40
Compensation
$104.3K
Related Orgs
$0
Other
$838
| Director |
| 0.5 |
| $0 |
| $0 |
| $0 |
| $0 |
| Patrick Sheridan | Director | 0.5 | $0 | $0 | $0 | $0 |
| Shelley Murphy Mccabe | V.chair.eff 3-28-24, Dir.eff 6-11-23 | 0.5 | $0 | $0 | $0 | $0 |
| Susan Frank | Director | 0.5 | $0 | $0 | $0 | $0 |
James I Humphrey Jr
Director
$0
Hrs/Wk
0.5
Compensation
$0
Related Orgs
$0
Other
$0
Jeffrey R Stern
Chairman & Director
$0
Hrs/Wk
0.5
Compensation
$0
Related Orgs
$0
Other
$0
Lessie Powell Evans
Director
$0
Hrs/Wk
0.5
Compensation
$0
Related Orgs
$0
Other
$0
Patrick Sheridan
Director
$0
Hrs/Wk
0.5
Compensation
$0
Related Orgs
$0
Other
$0
Shelley Murphy Mccabe
V.chair.eff 3-28-24, Dir.eff 6-11-23
$0
Hrs/Wk
0.5
Compensation
$0
Related Orgs
$0
Other
$0
Susan Frank
Director
$0
Hrs/Wk
0.5
Compensation
$0
Related Orgs
$0
Other
$0