Loading organization details...
Loading organization details...
Source: IRS e-Filed Form 990 (from the IRS e-File system), Tax Year 2024
Total Revenue
▼$102.2M
Program Spending
0%
of total expenses go to program services
Total Contributions
$0
Total Expenses
▼$77.2M
Total Assets
$2B
Total Liabilities
▼$1.7B
Net Assets
$262.9M
Officer Compensation
→N/A
Other Salaries
N/A
Investment Income
$8.4M
Fundraising
▼N/A
Source: USAspending.gov · Searched by organization name
Total Federal Funding
$10M
Awards Found
1
Department of the Treasury
$10M
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.
Source: Federal Audit Clearinghouse (fac.gov)
Total Audits
3
Clean Audits
3
Material Weakness
No
Noncompliance Issues
No
| Year | Status | Financial Report | Federal Expenditure | Low Risk | Accepted |
|---|---|---|---|---|---|
| 2025 | Clean | Unmodified (Clean) | $1.9M | No | 2026-05-27 |
| 2022 | Clean | Unmodified (Clean) | $2.9M | No | 2023-08-07 |
| 2021 | Clean | Unmodified (Clean) | $1.8M | No | 2022-05-30 |
Financial Report
Unmodified (Clean)
Federal Expenditure
$1.9M
Financial Report
Unmodified (Clean)
Federal Expenditure
$2.9M
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: Not confirmed
No additional tax-exempt status records found in ReconForce's database.
Sources: IRS e-Filed Form 990 (XML) & ProPublica Nonprofit Explorer
Scroll →
| Year | Revenue | Contributions | Expenses | Assets | Net Assets |
|---|---|---|---|---|---|
| 2024IRS e-File | $102.2M | $0 | $77.2M | $2B | $262.9M |
| 2023 | $92.8M | $0 | $63.1M | $1.8B | $239.3M |
| 2022 | $77.9M | $7.2M | $49.7M | $1.8B | $247.8M |
| 2021 | $52.3M | $2M | $41M |
Sources: ProPublica Nonprofit Explorer & IRS e-File Index
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
| Total |
|---|
| Randy Chambers | President Of Shcu | — | $0 | $101.6K | $41.3K | $142.9K |
| Martin Eakes | Ceodirector | — | $0 | $101K | $35.8K | $136.8K |
| Deborah Mcketty | Chair | — | $0 | $0 | $0 | $0 |
| F David Kearns | Treasurer | — | $0 | $0 | $0 | $0 |
| Scott Misner | Secretary | — | $0 | $0 | $0 | $0 |
| Thomas King | Vice Chair | — | $0 | $0 | $0 | $0 |
Randy Chambers
President Of Shcu
$142.9K
Hrs/Wk
—
Compensation
$0
Related Orgs
$101.6K
Other
$41.3K
Martin Eakes
Ceodirector
$136.8K
Hrs/Wk
—
Compensation
$0
Related Orgs
$101K
Other
$35.8K
Deborah Mcketty
Chair
$0
Hrs/Wk
—
Compensation
$0
Related Orgs
$0
Other
$0
F David Kearns
Treasurer
$0
Hrs/Wk
—
Compensation
$0
Related Orgs
$0
Other
$0
Scott Misner
Secretary
$0
Hrs/Wk
—
Compensation
$0
Related Orgs
$0
Other
$0
Thomas King
Vice Chair
$0
Hrs/Wk
—
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 |
|---|---|---|---|---|---|---|
| Adam Herbage | Application Dev Lead | 40 | $0 | $114.4K | $23.6K | $138K |
| Kerri J Smith | Regional President | 40 | $0 | $108.8K | $24.4K | $133.1K |
| Brandon Coleman | Asst General Counsel | 40 | $0 | $108.2K | $23.7K | $132K |
| Ronald Wiley | Regional Director | 40 | $0 | $109.5K | $22.4K | $131.9K |
| Sharon L Carlson | Dir Remote Prod Services | 40 | $0 | $111.9K | $14.1K | $125.9K |
Adam Herbage
Application Dev Lead
$138K
Hrs/Wk
40
Compensation
$0
Related Orgs
$114.4K
Other
$23.6K
Kerri J Smith
Regional President
$133.1K
Hrs/Wk
40
Compensation
$0
Related Orgs
$108.8K
Other
$24.4K
Brandon Coleman
Asst General Counsel
$132K
Hrs/Wk
40
Compensation
$0
Related Orgs
$108.2K
Other
$23.7K
Members of the governing board. Board members often serve without compensation.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other | Total |
|---|---|---|---|---|---|---|
| Annie Lord | Director | 0.5 | $0 | $0 | $0 | $0 |
| Cameron Eagles | Director | 40 | $0 | $100.2K | $19.4K | $119.6K |
| Doris Asbury | Director | — | $0 | $0 | $0 | $0 |
| Ed Fulbright | Director | — | $0 | $0 | $0 | $0 |
| Ivan Parra | Director | — | $0 | $0 | $0 | $0 |
| Jackie Mondora | Director |
Annie Lord
Director
$0
Hrs/Wk
0.5
Compensation
$0
Related Orgs
$0
Other
$0
Cameron Eagles
Director
$119.6K
Hrs/Wk
40
Compensation
$0
Related Orgs
$100.2K
Other
$19.4K
Doris Asbury
Director
$0
Hrs/Wk
—
Compensation
$0
Related Orgs
$0
Other
$0
| $1.3B |
| $198M |
| 2020 | $56.8M | $359.8K | $51M | $1.3B | $178.7M |
| 2019 | $58.5M | $2M | $41.1M | $1.1B | $162.5M |
| 2018 | $51.1M | $263K | $35.3M | $1B | $152.2M |
| 2017 | $46M | $35.1K | $33M | $894.6M | $128.9M |
| 2016 | $40.1M | $97.2K | $31M | $745.1M | $99.5M |
| 2015 | $36.3M | $709.3K | $27.8M | $714.9M | $87.6M |
| 2014 | $35.8M | $576.9K | $29M | $673.4M | $77.1M |
| 2012 | $31.3M | $240K | $26.9M | $579.9M | $50.4M |
| 2011 | $33.8M | $1.5M | $30.9M | $564.9M | $45.2M |
| 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 | Data |
| 2013 | 990 | — |
| 2012 | 990 | Data |
| 2011 | 990 | Data |
| 2010 | 990 | — |
| 2009 | 990 | — |
| 2008 | 990 | — |
| 2007 | 990 | — |
| 2006 | 990 | — |
| 2005 | 990 | — |
| 2004 | 990 | — |
| 2001 | 990 | — |
Ronald Wiley
Regional Director
$131.9K
Hrs/Wk
40
Compensation
$0
Related Orgs
$109.5K
Other
$22.4K
Sharon L Carlson
Dir Remote Prod Services
$125.9K
Hrs/Wk
40
Compensation
$0
Related Orgs
$111.9K
Other
$14.1K
| — |
| $0 |
| $0 |
| $0 |
| $0 |
| Jose Oliva | Director | — | $0 | $0 | $0 | $0 |
| Juan Coronel | Director | 40 | $0 | $71.2K | $18.2K | $89.4K |
| Latorrie Geer | Director | — | $0 | $0 | $0 | $0 |
| Laura Pichardo-Cruz | Director | — | $0 | $0 | $0 | $0 |
| Natalie Williams | Director | — | $0 | $0 | $0 | $0 |
| Tessa Petit | Director | — | $0 | $0 | $0 | $0 |
Ed Fulbright
Director
$0
Hrs/Wk
—
Compensation
$0
Related Orgs
$0
Other
$0
Ivan Parra
Director
$0
Hrs/Wk
—
Compensation
$0
Related Orgs
$0
Other
$0
Jackie Mondora
Director
$0
Hrs/Wk
—
Compensation
$0
Related Orgs
$0
Other
$0
Jose Oliva
Director
$0
Hrs/Wk
—
Compensation
$0
Related Orgs
$0
Other
$0
Juan Coronel
Director
$89.4K
Hrs/Wk
40
Compensation
$0
Related Orgs
$71.2K
Other
$18.2K
Latorrie Geer
Director
$0
Hrs/Wk
—
Compensation
$0
Related Orgs
$0
Other
$0
Laura Pichardo-Cruz
Director
$0
Hrs/Wk
—
Compensation
$0
Related Orgs
$0
Other
$0
Natalie Williams
Director
$0
Hrs/Wk
—
Compensation
$0
Related Orgs
$0
Other
$0
Tessa Petit
Director
$0
Hrs/Wk
—
Compensation
$0
Related Orgs
$0
Other
$0