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Source: IRS e-Filed Form 990 (from the IRS e-File system), Tax Year 2023
Total Revenue
▼$9.5M
Program Spending
89%
of total expenses go to program services
Total Contributions
$4.1M
Total Expenses
▼$8.9M
Total Assets
$42.5M
Total Liabilities
▼$33.2M
Net Assets
$9.3M
Officer Compensation
→$160.2K
Other Salaries
$674.4K
Investment Income
$176.8K
Fundraising
▼N/A
Source: USAspending.gov · Searched by organization name
Total Federal Funding
$7.4M
Awards Found
15
Department of Housing and Urban Development
$2.5M
PURPOSE: ECONOMIC DEVELOPMENT INITIATIVE, COMMUNITY PROJECT FUNDING/CONGRESSIONAL DIRECTED SPENDING AWARDS ARE AUTHORIZED UNDER THE CONSOLIDATED APPROPRIATIONS ACT, 2022 PUBLIC LAW 117-328 AND THE EXPLANATORY STATEMENT FOR DIVISION L OF THAT ACT. PROJECTS SELECTED FOR COMMUNITY PROJECT FUNDING/CONGRESSIONAL DIRECTED SPENDING ARE LISTED IN THE JOINT EXPLANATORY STATEMENT (JES) THAT ACCOMPANIES A SPECIFIC FISCAL YEAR’S APPROPRIATIONS ACT OR CONGRESSIONAL RECORD. THE JES LISTS PROJECT, RECIPIENT, STATE, AMOUNT AND CONGRESSIONAL SPONSOR.; ACTIVITIES TO BE PERFORMED: ECONOMIC DEVELOPMENT INITIATIVE, COMMUNITY PROJECT FUNDING/CONGRESSIONALLY DIRECTED SPENDING AWARD PROJECTS INCLUDE A WIDE VARIETY OF ACTIVITIES THAT RESULT IN ECONOMIC DEVELOPMENT OR COMMUNITY DEVELOPMENT OUTCOMES. HUD WILL NOT KNOW THE FULL SCOPE OF THE PROJECT UNTIL THE RECIPIENT SUBMITS THE REQUIRED PROJECT NARRATIVE AND CONFIRMS ALIGNMENT WITH THE LANGUAGE AS PROVIDED IN THE CONGRESSIONAL RECORD. TO FIND THE DETAILS OF THE GRANT AWARD AS WRITTEN WITHIN THE CONGRESSIONAL RECORD USE THE FOLLOWING LINK AND PATH SELECTIONS TO GET TO THE DESCRIPTION OF THE ECONOMIC DEVELOPMENT INITIATIVE, COMMUNITY PROJECT FUNDING GRANTS HTTPS://WWW.HUD.GOV/PROGRAM_OFFICES/COMM_PLANNING/EDI-GRANTS, SELECT THE FISCAL YEAR OF INTEREST, SCROLL DOWN TO PROGRAM LAWS AND REGULATIONS, UNDER FISCAL YEAR 20XX CONSOLIDATED APPROPRIATIONS ACT, 20XX: CONGRESSIONAL RECORD (JOINT EXPLANATORY STATEMENT).; EXPECTED OUTCOMES: COMPLETION OF THE PROJECT AS DESCRIBED IN THE JOINT EXPLANATORY STATEMENT (JES) PROJECT DESCRIPTION AND SUBSEQUENT APPROVED PROJECT NARRATIVE.; INTENDED BENEFICIARIES: THE PROJECT BENEFICIARIES ARE THE INDIVIDUALS AND/OR ORGANIZATIONS THAT ARE AWARDED GRANT FUNDS OR SERVED BY THE ENTITIES THAT ARE AWARDED GRANT FUNDS AS IDENTIFIED IN THE JES RECIPIENT OR PROJECT DESCRIPTION SECTIONS.; SUBRECIPIENT ACTIVITIES: THE SUBRECIPIENT ACTIVITIES ARE UNKNOWN AT THE TIME OF AWARD.
Department of the Treasury
$590K
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 Health and Human Services
$160K
ASSETS FOR INDEPENDENCE DEMONSTRATION PROGRAM INDIVIDUAL DEVELOPMENT ACCOUNT (IDA)
Department of Housing and Urban Development
$45.3K
HSNG COUNSEL ASSIST GRANTS
Department of Housing and Urban Development
$44.5K
HSNG COUNSEL ASSIST GRANTS
Department of Housing and Urban Development
$26.7K
HOUSING COUNSELING ASSISTANCE PROGRAM
Department of Housing and Urban Development
$15K
HOUSING COUNSELING ASSISTANCE PROGRAM
Source: Federal Audit Clearinghouse (fac.gov)
Total Audits
4
Clean Audits
4
Material Weakness
No
Noncompliance Issues
No
| Year | Status | Financial Report | Federal Expenditure | Low Risk | Accepted |
|---|---|---|---|---|---|
| 2019 | Clean | Unmodified (Clean) | $917.2K | Yes | 2020-03-25 |
| 2018 | Clean | Unmodified (Clean) | $1M | Yes | 2019-04-01 |
| 2017 | Clean | Unmodified (Clean) | $1.3M | No | 2018-03-11 |
| 2016 | Clean | Unmodified (Clean) | $1.2M | No | 2017-03-09 |
Financial Report
Unmodified (Clean)
Federal Expenditure
$917.2K
Financial Report
Unmodified (Clean)
Federal Expenditure
$1M
Financial Report
Unmodified (Clean)
Federal Expenditure
$1.3M
Financial Report
Unmodified (Clean)
Federal Expenditure
$1.2M
Tax Year 2023 · 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 | $9.5M | $4.1M | $8.9M | $42.5M | $9.3M |
| 2022 | $0 | $0 | $197K | $4M | $4M |
| 2021 | $8.1M | $3.4M | $7.7M | $18.6M | $7.8M |
| 2020 | $2.5M | $1.5M | $2.8M |
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 2023)
Federal grants: USAspending.gov (live)
Organization info: IRS Business Master File
Tax-deductibility: IRS Publication 78
| Total |
|---|
| Cathleen Williams | President & CEO | 40 | $0 | $0 | $0 | $0 |
Cathleen Williams
President & CEO
$0
Hrs/Wk
40
Compensation
$0
Related Orgs
$0
Other
$0
Members of the governing board. Board members often serve without compensation.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other | Total |
|---|---|---|---|---|---|---|
| Alex Chan | Past Chair | 1 | $0 | $0 | $0 | $0 |
| Charmia Martin | Director | 1 | $0 | $0 | $0 | $0 |
| Don Thomas | Director | 1 | $0 | $0 | $0 | $0 |
| Jake Wallace | Director | 1 | $0 | $0 | $0 | $0 |
| Lisa Joseph | Vice Chair | 1 | $0 | $0 | $0 | $0 |
| Mimi Woodson | Director | 1 |
Alex Chan
Past Chair
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Charmia Martin
Director
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Don Thomas
Director
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
| $21.5M |
| $7.3M |
| 2019 | $5.5M | $4.7M | $3.3M | $10.9M | $7.6M |
| 2018 | $7.5M | $7.2M | $6.8M | $10.1M | $7.1M |
| 2017 | $3.8M | $3.2M | $3.1M | $8.5M | $6.4M |
| 2016 | $2.7M | $1.4M | $2.9M | $6.6M | $5.7M |
| 2015 | $1.2M | $542.7K | $2.8M | $6.8M | $5.8M |
| 2014 | $2.1M | $1.3M | $2.9M | $8.3M | $7.4M |
| 2013 | $5.2M | $4.4M | $3.2M | $10.2M | $8.3M |
| 2012 | $4.1M | $3.5M | $1.6M | $11M | $6.9M |
| 2011 | $1.8M | $1.4M | $1.4M | $6.7M | $4.5M |
| 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 | Data |
| 2012 | 990 | Data |
| 2011 | 990 | Data |
| 2010 | 990-PF | — |
| 2009 | 990-PF | — |
| 2008 | 990-PF | — |
| 2007 | 990-PF | — |
| 2006 | 990-PF | — |
| 2005 | 990-PF | — |
| 2004 | 990-PF | — |
| 2003 | 990 | — |
| 2002 | 990 | — |
| 2001 | 990 | — |
| $0 |
| $0 |
| $0 |
| $0 |
| Mitch Watkins | Immed. Past Cha | 1 | $0 | $0 | $0 | $0 |
| Rem Brady | Vice Chair | 1 | $0 | $0 | $0 | $0 |
| Steven Voynich Jr | Treasurer | 1 | $0 | $0 | $0 | $0 |
| Tina Lamb | Chair | 1 | $0 | $0 | $0 | $0 |
| Verona Campbell | Director | 1 | $0 | $0 | $0 | $0 |
Jake Wallace
Director
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Lisa Joseph
Vice Chair
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Mimi Woodson
Director
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Mitch Watkins
Immed. Past Cha
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Rem Brady
Vice Chair
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Steven Voynich Jr
Treasurer
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Tina Lamb
Chair
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Verona Campbell
Director
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0