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Source: IRS e-Filed Form 990 (from the IRS e-File system), Tax Year 2023
Total Revenue
▼$15.4M
Program Spending
92%
of total expenses go to program services
Total Contributions
$3.9M
Total Expenses
▼$13.9M
Total Assets
$124.9M
Total Liabilities
▼$100.5M
Net Assets
$24.4M
Officer Compensation
→$2.6M
Other Salaries
N/A
Investment Income
$2.7M
Fundraising
▼N/A
Source: USAspending.gov · Searched by organization name
Total Federal Funding
$4.9M
Awards Found
5
Department of the Treasury
$1.5M
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 the Treasury
$950K
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
10
Clean Audits
10
Material Weakness
No
Noncompliance Issues
No
| Year | Status | Financial Report | Federal Expenditure | Low Risk | Accepted |
|---|---|---|---|---|---|
| 2025 | Clean | Unmodified (Clean) | $7.9M | Yes | 2026-01-15 |
| 2024 | Clean | Unmodified (Clean) | $7M | Yes | 2024-11-06 |
| 2023 | Clean | Unmodified (Clean) | $3.2M | Yes | 2023-11-16 |
| 2022 | Clean | Unmodified (Clean) | $3.7M | Yes | 2022-11-02 |
| 2021 | Clean | Unmodified (Clean) | $1.9M | Yes | 2021-10-31 |
| 2020 | Clean | Unmodified (Clean) | $3.9M | Yes | 2021-02-04 |
| 2019 | Clean | Unmodified (Clean) | $3M | Yes | 2020-01-08 |
| 2018 | Clean | Unmodified (Clean) | $2M | Yes | 2019-01-10 |
| 2017 | Clean | Unmodified (Clean) | $4.4M | Yes | 2018-01-15 |
| 2016 | Clean | Unmodified (Clean) | $2.8M | Yes | 2017-01-16 |
Financial Report
Unmodified (Clean)
Federal Expenditure
$7.9M
Financial Report
Unmodified (Clean)
Federal Expenditure
$7M
Financial Report
Unmodified (Clean)
Federal Expenditure
$3.2M
Financial Report
Unmodified (Clean)
Federal Expenditure
$3.7M
Financial Report
Unmodified (Clean)
Federal Expenditure
$1.9M
Financial Report
Unmodified (Clean)
Federal Expenditure
$3.9M
Financial Report
Unmodified (Clean)
Federal Expenditure
$3M
Financial Report
Unmodified (Clean)
Federal Expenditure
$2M
Financial Report
Unmodified (Clean)
Federal Expenditure
$4.4M
Financial Report
Unmodified (Clean)
Federal Expenditure
$2.8M
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 |
|---|---|---|---|---|---|
| 2023IRS e-File | $15.4M | $3.9M | $13.9M | $124.9M | $24.4M |
| 2022 | $11.8M | $5.9M | $7.4M | $100.2M | $19.7M |
| 2021 | $9.5M | $6.3M | $6.6M | $68.6M | $15M |
| 2020 | $4.1M | $2.2M | $5.4M |
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 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 |
|---|
| John O'Callaghan | Ceo/director | 40 | $386.9K | $0 | $84.4K | $471.3K |
| Agnes Casimir | Cfo/director | 40 | $218.3K | $0 | $48.3K | $266.7K |
| Ashani O'Mard | Director | 40 | $195.3K | $0 | $26.9K | $222.3K |
John O'Callaghan
Ceo/director
$471.3K
Hrs/Wk
40
Compensation
$386.9K
Related Orgs
$0
Other
$84.4K
Agnes Casimir
Cfo/director
$266.7K
Hrs/Wk
40
Compensation
$218.3K
Related Orgs
$0
Other
$48.3K
Ashani O'Mard
Director
$222.3K
Hrs/Wk
40
Compensation
$195.3K
Related Orgs
$0
Other
$26.9K
Members of the governing board. Board members often serve without compensation.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other | Total |
|---|---|---|---|---|---|---|
| Aaron Abramovitz | Director | 1 | $0 | $0 | $0 | $0 |
| Alrich Lynch | Director | 1 | $0 | $0 | $0 | $0 |
| Ann Carpenter | Secretary | 1 | $0 | $0 | $0 | $0 |
| Cecilia Leal | Director | 40 | $98.1K | $0 | $41.5K | $139.6K |
| Chandra Haslem | Director | 1 | $0 | $0 | $0 | $0 |
| Connie Wright | Director |
Aaron Abramovitz
Director
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Alrich Lynch
Director
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Ann Carpenter
Secretary
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Individuals who previously served as officers or key employees.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other | Total |
|---|---|---|---|---|---|---|
| Mandy Eidson | Director | — | $69.9K | $0 | $21.8K | $91.7K |
Mandy Eidson
Director
$91.7K
Hrs/Wk
—
Compensation
$69.9K
Related Orgs
$0
Other
$21.8K
| $49.4M |
| $12.1M |
| 2019 | $5.5M | $3.8M | $5.4M | $47.8M | $13.4M |
| 2018 | $5.6M | $3.8M | $4.1M | $36.9M | $13.3M |
| 2017 | $6.4M | $4.1M | $4.5M | $35.8M | $11.8M |
| 2016 | $4.9M | $2.5M | $3.8M | $16.1M | $9M |
| 2015 | $4.1M | $2.6M | $4M | $15.4M | $7.9M |
| 2014 | $3.3M | $2.6M | $3.6M | $13.5M | $7.8M |
| 2013 | $5.9M | $3.3M | $2.6M | $16.4M | $8.1M |
| 2012 | $2M | $1.4M | $2.9M | $10.6M | $4.2M |
| 2011 | $2.3M | $1.3M | $3.3M | $10.6M | $5.1M |
| 2021 | 990 | Data | PDF not yet published by IRS |
| 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 | — |
| 2004 | 990 | — |
| 2003 | 990 | — |
| 2002 | 990 | — |
| 2001 | 990 | — |
| 1 |
| $0 |
| $0 |
| $0 |
| $0 |
| Daphne Bond Godfrey | Director | 1 | $0 | $0 | $0 | $0 |
| George S Burgan | Director | 40 | $126.5K | $0 | $33.5K | $160K |
| Hugh Rowden | Director | 1 | $0 | $0 | $0 | $0 |
| Jace Gatewood | Director | 1 | $0 | $0 | $0 | $0 |
| Jason Perlmutter | Director | 40 | $158.6K | $0 | $34.6K | $193.2K |
| Keith L Thornton | Director | 1 | $0 | $0 | $0 | $0 |
| Mary V Gude | Director | 1 | $0 | $0 | $0 | $0 |
| Nate Jester | Director | 1 | $0 | $0 | $0 | $0 |
| Pamela D Cross | Chairman | 1 | $0 | $0 | $0 | $0 |
| Rian Perry Smith | Director | 1 | $0 | $0 | $0 | $0 |
| Richard Oglesby | Director | 1 | $0 | $0 | $0 | $0 |
| Richard Slaton | Vice-chairman | 1 | $0 | $0 | $0 | $0 |
| Roderick Teachey | Director | 1 | $0 | $0 | $0 | $0 |
| Salisha Evans | Director | 40 | $153.9K | $0 | $33.9K | $187.8K |
| Sam Shenbaga | Director | 1 | $0 | $0 | $0 | $0 |
| Sara Haas | Director | 40 | $51.9K | $0 | $0 | $51.9K |
| Shikha Jerath | Director | 1 | $0 | $0 | $0 | $0 |
| Shirlynn Fortson | Director | 1 | $0 | $0 | $0 | $0 |
| Susan Adams | Director | 40 | $197.6K | $0 | $54.2K | $251.9K |
| Thomas J Roeck Jr | Treasurer | 1 | $0 | $0 | $0 | $0 |
| Victoria Anglin | Director | 1 | $0 | $0 | $0 | $0 |
| Vy Vu | Director | 1 | $0 | $0 | $0 | $0 |
| Zykereyes Bennett | Director | 1 | $0 | $0 | $0 | $0 |
Cecilia Leal
Director
$139.6K
Hrs/Wk
40
Compensation
$98.1K
Related Orgs
$0
Other
$41.5K
Chandra Haslem
Director
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Connie Wright
Director
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Daphne Bond Godfrey
Director
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
George S Burgan
Director
$160K
Hrs/Wk
40
Compensation
$126.5K
Related Orgs
$0
Other
$33.5K
Hugh Rowden
Director
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Jace Gatewood
Director
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Jason Perlmutter
Director
$193.2K
Hrs/Wk
40
Compensation
$158.6K
Related Orgs
$0
Other
$34.6K
Keith L Thornton
Director
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Mary V Gude
Director
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Nate Jester
Director
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Pamela D Cross
Chairman
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Rian Perry Smith
Director
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Richard Oglesby
Director
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Richard Slaton
Vice-chairman
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Roderick Teachey
Director
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Salisha Evans
Director
$187.8K
Hrs/Wk
40
Compensation
$153.9K
Related Orgs
$0
Other
$33.9K
Sam Shenbaga
Director
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Sara Haas
Director
$51.9K
Hrs/Wk
40
Compensation
$51.9K
Related Orgs
$0
Other
$0
Shikha Jerath
Director
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Shirlynn Fortson
Director
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Susan Adams
Director
$251.9K
Hrs/Wk
40
Compensation
$197.6K
Related Orgs
$0
Other
$54.2K
Thomas J Roeck Jr
Treasurer
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Victoria Anglin
Director
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Vy Vu
Director
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Zykereyes Bennett
Director
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0