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Source: IRS e-Filed Form 990 (from the IRS e-File system), Tax Year 2024
Total Revenue
▼$21.7M
Program Spending
95%
of total expenses go to program services
Total Contributions
$15M
Total Expenses
▼$14.1M
Total Assets
$112.3M
Total Liabilities
▼$68.1M
Net Assets
$44.2M
Officer Compensation
→$885.6K
Other Salaries
$2.2M
Investment Income
$884.3K
Fundraising
▼N/A
Source: USAspending.gov · Searched by organization name
Total Federal Funding
$26.6M
Awards Found
49
Department of the Treasury
$5.9M
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
$740K
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
$456K
ADAPTING VALUE CHAIN COORDINATION TO ENHANCE MARKET OPPORTUNTIES
Small Business Administration
$374.1K
WOMEN'S BUSINESS OWNERSHIP ASSISTANCE - INITIAL PHASE
Small Business Administration
$334.1K
WOMEN'S BUSINESS OWNERSHIP ASSISTANCE - INITIAL PHASE
Small Business Administration
$276K
WOMEN'S BUSINESS OWNERSHIP ASSISTANCE - CARES ACT
Department of Agriculture
$250K
RURAL COOPERATIVE DEVELOPMENT INITIATIVE GRANTS
Department of Agriculture
$215K
RURAL COOPERATIVE DEVELOPMENT INITIATIVE GRANTS
Small Business Administration
$150K
NATURAL CAPITAL INVESTMENT FUND, INC.
Small Business Administration
$150K
NATURAL CAPITAL INVESTMENT FUND, INC. CONTINUATION OPTION YEAR 3 (I-2019)
Small Business Administration
$150K
NATURAL CAPITAL INVESTMENT FUND, INC. CONTINUATION OPTION YEAR 3 (I-2019)
Small Business Administration
$144K
WOMEN'S BUSINESS OWNERSHIP ASSISTANCE - CARES ACT
Department of Agriculture
$90K
RBDG RURAL BUSINESS COOP RURAL ENTERPRISE GRANT
Department of Agriculture
$81.2K
SEC. 6022 RMAP-RURAL DEVELOP GRANTS (MAN)
Small Business Administration
$50K
PARTNER COMMUNITY CAPITAL INC. - WV 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 LENDERS
Department of Agriculture
$50K
RBDG RURAL BUSINESS COOP RURAL ENTERPRISE GRANT
Department of Agriculture
$34.4K
SEC. 6022 RMAP-RURAL MICRO DEVELOP ORGANIZATIONS GRANTS (DISC)
Department of Agriculture
$30K
RBDG RURAL BUSINESS COOP OPPORTUNITY GRANT
Department of Agriculture
$21.4K
RBDG RURAL BUSINESS COOP RURAL ENTERPRISE GRANT
Department of Agriculture
$0
SEC. 6022 RMAP-RURAL MICRO DEVELOP ORGANIZATIONS GRANTS (DISC)
Department of Agriculture
$0
SEC. 6022 RMAP-RURAL MICRO ASSISTANCE GRANTS (DISC)
Source: Federal Audit Clearinghouse (fac.gov)
Total Audits
10
Clean Audits
10
Material Weakness
No
Noncompliance Issues
No
| Year | Status | Financial Report | Federal Expenditure | Low Risk | Accepted |
|---|---|---|---|---|---|
| 2025 | Clean | Unmodified (Clean) | $7.6M | Yes | 2026-04-27 |
| 2024 | Clean | Unmodified (Clean) | $8.1M | Yes | 2025-04-08 |
| 2023 | Clean | Unmodified (Clean) | $12M | Yes | 2024-04-16 |
| 2022 | Clean | Unmodified (Clean) | $6.6M | Yes | 2023-04-24 |
| 2021 | Clean | Unmodified (Clean) | $7.7M | Yes | 2022-04-10 |
| 2020 | Clean | Unmodified (Clean) | $5.1M | Yes | 2021-04-15 |
| 2019 | Clean | Unmodified (Clean) | $5.1M | Yes | 2020-04-14 |
| 2018 | Clean | Unmodified (Clean) | $3.8M | Yes | 2019-07-14 |
| 2017 | Clean | Unmodified (Clean) | $4.8M | Yes | 2018-05-09 |
| 2016 | Clean | Unmodified (Clean) | $1.8M | Yes | 2017-05-10 |
Financial Report
Unmodified (Clean)
Federal Expenditure
$7.6M
Financial Report
Unmodified (Clean)
Federal Expenditure
$8.1M
Financial Report
Unmodified (Clean)
Federal Expenditure
$12M
Financial Report
Unmodified (Clean)
Federal Expenditure
$6.6M
Financial Report
Unmodified (Clean)
Federal Expenditure
$7.7M
Financial Report
Unmodified (Clean)
Federal Expenditure
$5.1M
Financial Report
Unmodified (Clean)
Federal Expenditure
$5.1M
Financial Report
Unmodified (Clean)
Federal Expenditure
$3.8M
Financial Report
Unmodified (Clean)
Federal Expenditure
$4.8M
Financial Report
Unmodified (Clean)
Federal Expenditure
$1.8M
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 | $21.7M | $15M | $14.1M | $112.3M | $44.2M |
| 2023 | $17.6M | $12.1M | $7.2M | $98.1M | $36.6M |
| 2022 | $8.7M | $4.5M | $6.6M | $79M | $26.1M |
| 2021 | $8.9M | $5.3M |
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 | PDF not yet published by IRSView Filing → |
| 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 |
|---|
| Marten R Jenkins Jr | President And CEO | 37.5 | $249.3K | $0 | $46.8K | $296.1K |
| Rosalind Black | Executive Vice President & CFO | 37.5 | $176.4K | $0 | $17.1K | $193.5K |
| Jeffrey Lusk | Chairman | 3 | $0 | $0 | $0 | $0 |
| Gat Caperton | Vice Chair, Start 6/13/2024 | 3 | $0 | $0 | $0 | $0 |
| Roberta Mccullough | Treasurer, End 12/31/2024 | 3 | $0 | $0 | $0 | $0 |
| Minal Patel | Treasurer, Start 12/31/2024 | 3 | $0 | $0 | $0 | $0 |
| Vicki Lee Parker-High | Secretary | 3 | $0 | $0 | $0 | $0 |
Marten R Jenkins Jr
President And CEO
$296.1K
Hrs/Wk
37.5
Compensation
$249.3K
Related Orgs
$0
Other
$46.8K
Rosalind Black
Executive Vice President & CFO
$193.5K
Hrs/Wk
37.5
Compensation
$176.4K
Related Orgs
$0
Other
$17.1K
Jeffrey Lusk
Chairman
$0
Hrs/Wk
3
Compensation
$0
Related Orgs
$0
Other
$0
Gat Caperton
Vice Chair, Start 6/13/2024
$0
Hrs/Wk
3
Compensation
$0
Related Orgs
$0
Other
$0
Roberta Mccullough
Treasurer, End 12/31/2024
$0
Hrs/Wk
3
Compensation
$0
Related Orgs
$0
Other
$0
Minal Patel
Treasurer, Start 12/31/2024
$0
Hrs/Wk
3
Compensation
$0
Related Orgs
$0
Other
$0
Vicki Lee Parker-High
Secretary
$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 |
|---|---|---|---|---|---|---|
| Anna Tefft | Executive Vice President | 37.5 | $176.9K | $0 | $28.4K | $205.3K |
| Erika Mcgilley | Senior Vice President | 37.5 | $163.3K | $0 | $27.4K | $190.7K |
| Jessie Maxwell | Vice President | 37.5 | $129.2K | $0 | $23.9K | $153K |
| Kevin O'Connor | Senior Vice President | 37.5 | $120K | $0 | $23.3K | $143.3K |
| Justin White | Director Of Portfolio Management | 37.5 | $113.3K | $0 | $19.3K | $132.6K |
| Nicholas Allen |
Anna Tefft
Executive Vice President
$205.3K
Hrs/Wk
37.5
Compensation
$176.9K
Related Orgs
$0
Other
$28.4K
Erika Mcgilley
Senior Vice President
$190.7K
Hrs/Wk
37.5
Compensation
$163.3K
Related Orgs
$0
Other
$27.4K
Jessie Maxwell
Vice President
$153K
Hrs/Wk
37.5
Compensation
$129.2K
Related Orgs
$0
Other
$23.9K
Members of the governing board. Board members often serve without compensation.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other | Total |
|---|---|---|---|---|---|---|
| Amy King Condaras | Director | 1 | $0 | $0 | $0 | $0 |
| Dwain Neeley | Director, Start 9/18/2024 | 1 | $0 | $0 | $0 | $0 |
| Jeffrey A Austin | Director | 1 | $0 | $0 | $0 | $0 |
| Jennifer Curtis | Director | 1 | $0 | $0 | $0 | $0 |
| Jerrell J Deaver Jr | Director, End 12/31/2024 | 1 | $0 | $0 | $0 | $0 |
| Karen Jacobson | Director |
Amy King Condaras
Director
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Dwain Neeley
Director, Start 9/18/2024
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Jeffrey A Austin
Director
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
| $4.9M |
| $71.8M |
| $24M |
| 2020 | $7M | $4M | $3.9M | $59.3M | $19.3M |
| 2019 | $4.6M | $1.7M | $4.6M | $50.4M | $16.2M |
| 2018 | $5M | $2.5M | $4.3M | $46.3M | $16.3M |
| 2017 | $3.4M | $1.7M | $2.5M | $36.1M | $15.6M |
| 2016 | $5.5M | $4.3M | $2.6M | $30.2M | $14.7M |
| 2015 | $3.7M | $2.8M | $2.2M | $25.6M | $11.8M |
| 2014 | $3.8M | $3M | $2.2M | $17M | $10.3M |
| 2013 | $3M | $2.3M | $2M | $14.9M | $8.7M |
| 2012 | $3.2M | $2.7M | $1.5M | $13.3M | $7.7M |
| 2011 | $1.9M | $1.6M | $1.1M | $10.4M | $5.9M |
| 2021 | 990 | Data |
| 2020 | 990 | Data | PDF not yet published by IRS |
| 2019 | 990 | Data |
| 2018 | 990 | Data |
| 2017 | 990 | Data | PDF not yet published by IRS |
| 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 | — |
| 2005 | 990 | — |
| 2004 | 990 | — |
| 2003 | 990 | — |
| 2002 | 990 | — |
| Controller |
| 37.5 |
| $106.4K |
| $0 |
| $21.6K |
| $127.9K |
Kevin O'Connor
Senior Vice President
$143.3K
Hrs/Wk
37.5
Compensation
$120K
Related Orgs
$0
Other
$23.3K
Justin White
Director Of Portfolio Management
$132.6K
Hrs/Wk
37.5
Compensation
$113.3K
Related Orgs
$0
Other
$19.3K
Nicholas Allen
Controller
$127.9K
Hrs/Wk
37.5
Compensation
$106.4K
Related Orgs
$0
Other
$21.6K
| 1 |
| $0 |
| $0 |
| $0 |
| $0 |
| Ray Daffner | Director | 1 | $0 | $0 | $0 | $0 |
Jennifer Curtis
Director
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Jerrell J Deaver Jr
Director, End 12/31/2024
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Karen Jacobson
Director
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Ray Daffner
Director
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0