Loading organization details...
Loading organization details...
Source: IRS e-Filed Form 990 (from the IRS e-File system), Tax Year 2023
Total Revenue
▼$4.5M
Program Spending
82%
of total expenses go to program services
Total Contributions
$3.4M
Total Expenses
▼$2.1M
Total Assets
$23.1M
Total Liabilities
▼$6.9M
Net Assets
$16.1M
Officer Compensation
→$75.6K
Other Salaries
$903.1K
Investment Income
$140.8K
Fundraising
▼N/A
Source: USAspending.gov · Searched by organization name
Total Federal Funding
$23.8M
Awards Found
36
| Awarding Agency | Description | Amount | Fiscal Year | Period |
|---|---|---|---|---|
| Department of the Treasury | 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. | $3.3M | FY2023 | Apr 2023 – Sep 2028 |
| Department of the Treasury | CDFI RAPID RESPONSE PROGRAM AWARD | $1.3M | FY2021 | Jun 2021 – Sep 2023 |
| Department of Health and Human Services | EDG MICROENTERPRISE DEVELOPMENT (EDG-MED) PROGRAM | $1.2M | FY2017 | Sep 2017 – Sep 2022 |
| Department of Health and Human Services | INDIVIDUAL DEVELOPMENT ACCOUNTS PROGRAM | $1.1M | FY2007 | Sep 2007 – Sep 2012 |
| Small Business Administration | 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. | $1M | FY2021 | Jul 2021 – Jun 2022 |
| Department of Health and Human Services | PROVIDE LOAN AND TECHNICAL ASSISTANCE FOR REFUGEES AND ASYLEE IN THE METRO WASHINGTON AREA INCLUDING BALTIMORE AND BALTIMORE CITY | $1M | FY2022 | Sep 2022 – Sep 2026 |
| Department of the Treasury | FINANCIAL ASSISTANCE AWARD | $1M | — | — – — |
| Small Business Administration | TRAINING AND TECHNICAL ASSISTANCE TO SBA MICROLOAN PROGRAM BORROWERS AND PROSPECTIVE BORROWERS | $979K | FY2022 | Jul 2022 – Sep 2023 |
| Department of Health and Human Services | MICRO ENTERPRISE OPPORTUNITIES FOR NEW REFUGEES | $978.9K | FY2012 | Sep 2012 – Sep 2016 |
| Small Business Administration | 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. | $918.5K | FY2020 | Aug 2020 – Jun 2021 |
| Small Business Administration | 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. | $876.3K | FY2023 | Jul 2023 – Jun 2024 |
| Small Business Administration | MICROLOAN PROGRAM - TECHNICAL ASSISTANCE | $807.3K | FY2019 | Jul 2019 – Jun 2020 |
| Small Business Administration | TO ASSIST WOMEN, LOW-INCOME, AND MINORITY 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 $50,000 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 INTERMEDI | $709.2K | FY2024 | Jul 2024 – Jun 2025 |
| Small Business Administration | ARRA MICROLOAN | $705K | FY2010 | Jan 2010 – Sep 2010 |
| Department of the Treasury | FINANCIAL ASSISTANCE AWARD | $686.5K | — | — – — |
| Small Business Administration | MIRCOLOAN PROGRAM | $682.3K | FY2011 | Jul 2011 – Jun 2012 |
| Department of the Treasury | 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. | $660K | FY2023 | Feb 2023 – Sep 2026 |
| Small Business Administration | MICROLOAN PROGRAM TECHNICAL ASSISTANCE | $659.1K | FY2018 | Jul 2018 – Jun 2019 |
| Department of the Treasury | FINANCIAL ASSISTANCE AWARD | $657K | FY2020 | Sep 2020 – Sep 2023 |
| Small Business Administration | ECDC ENTERPRISE DEVELOPMENT GROUP -VA | $649.9K | FY2025 | Jul 2025 – Jun 2026 |
| Department of the Treasury | FINANCIAL ASSISTANCE AWARD | $565K | — | — – — |
| Small Business Administration | MICROLOAN | $546.6K | FY2017 | Aug 2017 – Jun 2018 |
| Small Business Administration | MICROLOAN TECHNICAL ASSISTANCE GRANT | $497.9K | FY2009 | Jan 2009 – Dec 2009 |
| Small Business Administration | MICROLOAN FY 15 | $442.1K | FY2015 | Aug 2015 – Jun 2016 |
| Small Business Administration | MICROLOAN TECHNICAL ASSISTANCE PROGRAM | $418.3K | FY2012 | Jul 2012 – Jun 2013 |
| Small Business Administration | MICROLOAN | $380.5K | FY2013 | Jul 2013 – Jun 2014 |
| Small Business Administration | MICROLOAN TECHNICAL ASSISTANCE PROGRAM | $380.3K | FY2014 | Jul 2014 – Jun 2015 |
| Department of Health and Human Services | ADVANCED CHILD CARE ENTERPRISE SUPPORT SERVICES (ACCESS) | $345.1K | FY2012 | Sep 2012 – Sep 2014 |
| Department of the Treasury | PURPOSE: 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. ACTIVITIES TO BE PERFORMED: THROUGH THE SDL PROGRAM, THE CDFI FUND WILL PROVIDE: GRANTS FOR LOAN LOSS RESERVES (LLR): THE AWARDS WILL ENABLE A CERTIFIED COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION (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 GOAL/EXPECTED OUTCOMES: 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. INTENDED 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. SUBRECIPIENT ACTIVITIES: THERE ARE NO SUBRECIPIENTS FOR THIS PROGRAM. | $126.6K | FY2021 | Sep 2021 – Sep 2024 |
| Department of Health and Human Services | CSBG - TRAINING & TECHNICAL ASSISTANCE PROGRAM EARNED INCOME TAX CREDIT (EITC) | $100K | FY2007 | Sep 2007 – Sep 2010 |
| Small Business Administration | MICROLOAN TECHNICAL ASSISTANCE PROGRAM | $49.1K | FY2013 | Jul 2013 – Jun 2014 |
| Department of the Treasury | LOW INCOME TAXPAYER CLINIC | $30K | FY2012 | Jan 2012 – Dec 2012 |
| Department of the Treasury | LOW INCOME TAXPAYER CLINIC | $30K | FY2011 | Jan 2011 – Dec 2011 |
| Department of the Treasury | LOW INCOME TAXPAYER CLINIC | $20K | FY2014 | Jan 2014 – Dec 2014 |
| Department of the Treasury | LOW INCOME TAXPAYER CLINIC | $20K | FY2013 | Jan 2013 – Dec 2013 |
| Department of the Treasury | LOW INCOME TAXPAYER CLINIC | $15K | FY2010 | Jan 2010 – Dec 2010 |
Department of the Treasury
$3.3M
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
$1.3M
CDFI RAPID RESPONSE PROGRAM AWARD
Department of Health and Human Services
$1.2M
EDG MICROENTERPRISE DEVELOPMENT (EDG-MED) PROGRAM
Department of Health and Human Services
$1.1M
INDIVIDUAL DEVELOPMENT ACCOUNTS PROGRAM
Small Business Administration
$1M
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.
Department of Health and Human Services
$1M
PROVIDE LOAN AND TECHNICAL ASSISTANCE FOR REFUGEES AND ASYLEE IN THE METRO WASHINGTON AREA INCLUDING BALTIMORE AND BALTIMORE CITY
Department of the Treasury
$1M
FINANCIAL ASSISTANCE AWARD
Small Business Administration
$979K
TRAINING AND TECHNICAL ASSISTANCE TO SBA MICROLOAN PROGRAM BORROWERS AND PROSPECTIVE BORROWERS
Department of Health and Human Services
$978.9K
MICRO ENTERPRISE OPPORTUNITIES FOR NEW REFUGEES
Small Business Administration
$918.5K
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
$876.3K
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
$807.3K
MICROLOAN PROGRAM - TECHNICAL ASSISTANCE
Small Business Administration
$709.2K
TO ASSIST WOMEN, LOW-INCOME, AND MINORITY 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 $50,000 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 INTERMEDI
Small Business Administration
$705K
ARRA MICROLOAN
Department of the Treasury
$686.5K
FINANCIAL ASSISTANCE AWARD
Small Business Administration
$682.3K
MIRCOLOAN PROGRAM
Department of the Treasury
$660K
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
$659.1K
MICROLOAN PROGRAM TECHNICAL ASSISTANCE
Department of the Treasury
$657K
FINANCIAL ASSISTANCE AWARD
Small Business Administration
$649.9K
ECDC ENTERPRISE DEVELOPMENT GROUP -VA
Department of the Treasury
$565K
FINANCIAL ASSISTANCE AWARD
Small Business Administration
$546.6K
MICROLOAN
Small Business Administration
$497.9K
MICROLOAN TECHNICAL ASSISTANCE GRANT
Small Business Administration
$442.1K
MICROLOAN FY 15
Small Business Administration
$418.3K
MICROLOAN TECHNICAL ASSISTANCE PROGRAM
Small Business Administration
$380.5K
MICROLOAN
Small Business Administration
$380.3K
MICROLOAN TECHNICAL ASSISTANCE PROGRAM
Department of Health and Human Services
$345.1K
ADVANCED CHILD CARE ENTERPRISE SUPPORT SERVICES (ACCESS)
Department of the Treasury
$126.6K
PURPOSE: 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. ACTIVITIES TO BE PERFORMED: THROUGH THE SDL PROGRAM, THE CDFI FUND WILL PROVIDE: GRANTS FOR LOAN LOSS RESERVES (LLR): THE AWARDS WILL ENABLE A CERTIFIED COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION (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 GOAL/EXPECTED OUTCOMES: 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. INTENDED 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. SUBRECIPIENT ACTIVITIES: THERE ARE NO SUBRECIPIENTS FOR THIS PROGRAM.
Department of Health and Human Services
$100K
CSBG - TRAINING & TECHNICAL ASSISTANCE PROGRAM EARNED INCOME TAX CREDIT (EITC)
Small Business Administration
$49.1K
MICROLOAN TECHNICAL ASSISTANCE PROGRAM
Department of the Treasury
$30K
LOW INCOME TAXPAYER CLINIC
Department of the Treasury
$30K
LOW INCOME TAXPAYER CLINIC
Department of the Treasury
$20K
LOW INCOME TAXPAYER CLINIC
Department of the Treasury
$20K
LOW INCOME TAXPAYER CLINIC
Department of the Treasury
$15K
LOW INCOME TAXPAYER CLINIC
Source: Federal Audit Clearinghouse (fac.gov)
No federal single audit records found for this organization.
Single audits are required for entities expending $750,000+ in federal awards annually.
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 | $4.5M | $3.4M | $2.1M | $23.1M | $16.1M |
| 2022 | $5.2M | $4.5M | $1.9M | $19.2M | $12.6M |
| 2021 | $3.3M | $2.6M | $1.6M | $14.9M | $9.4M |
| 2020 | $2M | $1.5M | $1.5M |
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 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 |
|---|
| Tsehaye Teferra Phd | President | 24 | $75.6K | $205.1K | $57.5K | $338.2K |
| Allene F Wright | Vice President | 4 | $0 | $234.2K | $84.9K | $319.1K |
Tsehaye Teferra Phd
President
$338.2K
Hrs/Wk
24
Compensation
$75.6K
Related Orgs
$205.1K
Other
$57.5K
Allene F Wright
Vice President
$319.1K
Hrs/Wk
4
Compensation
$0
Related Orgs
$234.2K
Other
$84.9K
Members of the governing board. Board members often serve without compensation.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other | Total |
|---|---|---|---|---|---|---|
| Frederick Schultz Jr | Director Trustee | 1 | $0 | $0 | $0 | $0 |
| Hagos Seyoum | Director Trustee | — | $0 | $0 | $0 | $0 |
| John Agwaz | Director Trustee | — | $0 | $0 | $0 | $0 |
| Zed Wendimu | Director Trustee | 1 | $0 | $0 | $0 | $0 |
Frederick Schultz Jr
Director Trustee
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Hagos Seyoum
Director Trustee
$0
Hrs/Wk
—
Compensation
$0
Related Orgs
$0
Other
$0
John Agwaz
Director Trustee
$0
Hrs/Wk
—
Compensation
$0
Related Orgs
$0
Other
$0
| $14.4M |
| $7.6M |
| 2019 | $2.2M | $1.6M | $1.5M | $13.2M | $7.1M |
| 2018 | $1.9M | $1.4M | $1.3M | $13.5M | $6.5M |
| 2017 | $1.4M | $939.6K | $963K | $11.9M | $6M |
| 2016 | $1.4M | $957.4K | $1M | $12.2M | $5.6M |
| 2015 | $1.4M | $995.1K | $1M | $10.4M | $5.2M |
| 2014 | $1.5M | $1.1M | $1.2M | $9.6M | $4.8M |
| 2013 | $1.6M | $1.3M | $1.3M | $9.3M | $4.6M |
| 2012 | $1.6M | $1.3M | $1.2M | $8.4M | $4.3M |
| 2011 | $1.6M | $1.3M | $1.4M | $8M | $3.9M |
| 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 | Data |
| 2010 | 990 | — |
| 2009 | 990 | — |
| 2008 | 990 | — |
| 2007 | 990 | — |
| 2006 | 990 | — |
| 2005 | 990 | — |
| 2003 | 990 | — |
| 2002 | 990 | — |
| 2001 | 990 | — |
Zed Wendimu
Director Trustee
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0