Loading organization details...
Loading organization details...
Source: IRS e-Filed Form 990 (from the IRS e-File system), Tax Year 2024
Total Revenue
▼$14.7M
Program Spending
79%
of total expenses go to program services
Total Contributions
$3.2M
Total Expenses
▼$9.6M
Total Assets
$35.4M
Total Liabilities
▼$12.2M
Net Assets
$23.2M
Officer Compensation
→$1.2M
Other Salaries
$3.5M
Investment Income
$129.5K
Fundraising
▼N/A
Source: USAspending.gov · Searched by organization name
Total Federal Funding
$7.4M
Awards Found
5
Department of the Treasury
$3.7M
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.
Source: Federal Audit Clearinghouse (fac.gov)
Total Audits
2
Clean Audits
2
Material Weakness
No
Noncompliance Issues
No
| Year | Status | Financial Report | Federal Expenditure | Low Risk | Accepted |
|---|---|---|---|---|---|
| 2024 | Clean | Unmodified (Clean) | $3.8M | No | 2025-04-01 |
| 2021 | Clean | Unmodified (Clean) | $941.6K | Yes | 2022-08-03 |
Financial Report
Unmodified (Clean)
Federal Expenditure
$3.8M
Financial Report
Unmodified (Clean)
Federal Expenditure
$941.6K
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 | $14.7M | $3.2M | $9.6M | $35.4M | $23.2M |
| 2023 | $6.3M | $799.4K | $6M | $25.3M | $18.1M |
| 2022 | $6.2M | $0 | $5.1M | $24M | $17.8M |
| 2021 | $8.4M | $1.4M | $5.5M |
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 | 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
| Total |
|---|
| Sam Walls Iii | CEO | 40 | $451.9K | $0 | $62.6K | $514.5K |
| Leslie Lane | President | 40 | $375.4K | $0 | $43.6K | $419K |
| Scott Gardner | CFO | 40 | $109.9K | $0 | $11.3K | $121.3K |
| Drew Speed | CFO (jan-sept) | 40 | $102.2K | $0 | $13.1K | $115.3K |
| Bryan Scoggins | Vice Chairman | — | $2,500 | $0 | $0 | $2,500 |
| Carroll Penick | Chairman | — | $2,400 | $0 | $0 | $2,400 |
Sam Walls Iii
CEO
$514.5K
Hrs/Wk
40
Compensation
$451.9K
Related Orgs
$0
Other
$62.6K
Leslie Lane
President
$419K
Hrs/Wk
40
Compensation
$375.4K
Related Orgs
$0
Other
$43.6K
Scott Gardner
CFO
$121.3K
Hrs/Wk
40
Compensation
$109.9K
Related Orgs
$0
Other
$11.3K
Drew Speed
CFO (jan-sept)
$115.3K
Hrs/Wk
40
Compensation
$102.2K
Related Orgs
$0
Other
$13.1K
Bryan Scoggins
Vice Chairman
$2,500
Hrs/Wk
—
Compensation
$2,500
Related Orgs
$0
Other
$0
Carroll Penick
Chairman
$2,400
Hrs/Wk
—
Compensation
$2,400
Related Orgs
$0
Other
$0
Highest compensated employees who are not officers or directors.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other | Total |
|---|---|---|---|---|---|---|
| Sebastian Stubbe | Managing Director | 40 | $909K | $0 | $44.4K | $953.5K |
| Rush B Deacon | SVP | 40 | $248.1K | $0 | $31K | $279K |
| Craig Calafati | EVP | 40 | $203.1K | $0 | $27K | $230.1K |
| Becka Webb | Secretary & Treasurer | 40 | $194.8K | $0 | $19.5K | $214.3K |
| Bert King | SVP | 40 | $178.9K | $0 | $35.2K | $214.1K |
Sebastian Stubbe
Managing Director
$953.5K
Hrs/Wk
40
Compensation
$909K
Related Orgs
$0
Other
$44.4K
Rush B Deacon
SVP
$279K
Hrs/Wk
40
Compensation
$248.1K
Related Orgs
$0
Other
$31K
Craig Calafati
EVP
$230.1K
Hrs/Wk
40
Compensation
$203.1K
Related Orgs
$0
Other
$27K
Members of the governing board. Board members often serve without compensation.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other | Total |
|---|---|---|---|---|---|---|
| David Shindler | Director | — | $2,350 | $0 | $0 | $2,350 |
| Emily Mcelroy | Director | — | $2,100 | $0 | $0 | $2,100 |
| J Russell Guerra | Director | — | $2,350 | $0 | $0 | $2,350 |
| Jeff Amerine | Director | — | $1,500 | $0 | $0 | $1,500 |
| Jerry Bullard | Director | — | $1,000 | $0 | $0 | $1,000 |
| Karen Marine | Director |
David Shindler
Director
$2,350
Hrs/Wk
—
Compensation
$2,350
Related Orgs
$0
Other
$0
Emily Mcelroy
Director
$2,100
Hrs/Wk
—
Compensation
$2,100
Related Orgs
$0
Other
$0
J Russell Guerra
Director
$2,350
Hrs/Wk
—
Compensation
$2,350
Related Orgs
$0
Other
$0
| $35.7M |
| $17.3M |
| 2020 | $7.2M | $545K | $4.8M | $80M | $14.4M |
| 2019 | $6.5M | $1.1M | $4.4M | $36.3M | $17.6M |
| 2018 | $6.9M | $1.4M | $5.2M | $35.9M | $15.4M |
| 2017 | $7.2M | $0 | $4.8M | $41.2M | $12.8M |
| 2016 | $4M | $0 | $3.9M | $44.6M | $10.4M |
| 2015 | $6.3M | $0 | $4.5M | $40.2M | $10.3M |
| 2014 | $6.6M | $0 | $4.6M | $51.6M | $8.4M |
| 2013 | $6M | $0 | $4.3M | $52.2M | $6.4M |
| 2012 | $5.8M | $0 | $4.2M | $52.4M | $4.7M |
| 2011 | $6.6M | $0 | $5.7M | $50.6M | $3.1M |
| 2010 | $3M | $0 | $4.1M | $48.5M | $2.4M |
| 2021 | 990 | Data |
| 2020 | 990 | Data | PDF not yet published by IRS |
| 2019 | 990 | Data | PDF not yet published by IRS |
| 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 | Data |
| 2009 | 990 | — |
| 2008 | 990 | — |
| 2007 | 990 | — |
| 2006 | 990 | — |
| 2005 | 990 | — |
| 2004 | 990 | — |
Becka Webb
Secretary & Treasurer
$214.3K
Hrs/Wk
40
Compensation
$194.8K
Related Orgs
$0
Other
$19.5K
Bert King
SVP
$214.1K
Hrs/Wk
40
Compensation
$178.9K
Related Orgs
$0
Other
$35.2K
| — |
| $2,100 |
| $0 |
| $0 |
| $2,100 |
| Kevin Burns | Director | — | $2,650 | $0 | $0 | $2,650 |
| Laura Fine | Director | — | $0 | $0 | $0 | $0 |
| Lorrie Trogden | Director | — | $2,200 | $0 | $0 | $2,200 |
| Martha Moore | Director | — | $2,050 | $0 | $0 | $2,050 |
| Robert Ted Gammill | Director | — | $2,100 | $0 | $0 | $2,100 |
| Shamim Okolloh | Director | — | $1,500 | $0 | $0 | $1,500 |
| Shelle Randall | Director | — | $2,100 | $0 | $0 | $2,100 |
| Virgil L Mller Jr | Director | — | $2,350 | $0 | $0 | $2,350 |
| William Staed | Director | — | $2,300 | $0 | $0 | $2,300 |
Jeff Amerine
Director
$1,500
Hrs/Wk
—
Compensation
$1,500
Related Orgs
$0
Other
$0
Jerry Bullard
Director
$1,000
Hrs/Wk
—
Compensation
$1,000
Related Orgs
$0
Other
$0
Karen Marine
Director
$2,100
Hrs/Wk
—
Compensation
$2,100
Related Orgs
$0
Other
$0
Kevin Burns
Director
$2,650
Hrs/Wk
—
Compensation
$2,650
Related Orgs
$0
Other
$0
Laura Fine
Director
$0
Hrs/Wk
—
Compensation
$0
Related Orgs
$0
Other
$0
Lorrie Trogden
Director
$2,200
Hrs/Wk
—
Compensation
$2,200
Related Orgs
$0
Other
$0
Martha Moore
Director
$2,050
Hrs/Wk
—
Compensation
$2,050
Related Orgs
$0
Other
$0
Robert Ted Gammill
Director
$2,100
Hrs/Wk
—
Compensation
$2,100
Related Orgs
$0
Other
$0
Shamim Okolloh
Director
$1,500
Hrs/Wk
—
Compensation
$1,500
Related Orgs
$0
Other
$0
Shelle Randall
Director
$2,100
Hrs/Wk
—
Compensation
$2,100
Related Orgs
$0
Other
$0
Virgil L Mller Jr
Director
$2,350
Hrs/Wk
—
Compensation
$2,350
Related Orgs
$0
Other
$0
William Staed
Director
$2,300
Hrs/Wk
—
Compensation
$2,300
Related Orgs
$0
Other
$0