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Source: IRS e-Filed Form 990 (from the IRS e-File system), Tax Year 2024
Total Revenue
▼$2.7M
Program Spending
86%
of total expenses go to program services
Total Contributions
$755.1K
Total Expenses
▼$4.5M
Total Assets
$24.1M
Total Liabilities
▼$11.8M
Net Assets
$12.4M
Officer Compensation
→$265.9K
Other Salaries
$793.4K
Investment Income
$228.5K
Fundraising
▼N/A
Source: USAspending.gov · Searched by organization name
Total Federal Funding
$6.2M
Awards Found
20
Department of the Treasury
$500K
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
$341.7K
SALUD TEXAS CORPORATION: EQUITY INVESTMENT & FUNDING FOR A NEW SOUTH TEXAS HEALTHY FOOD PRODUCER
Department of the Treasury
$280K
PURPOSE: TO PROVIDE AN ALTERNATIVE TO HIGH-COST SMALL DOLLAR LOANS, AS WELL AS HELP UNBANKED AND UNDERBANKED POPULATIONS BUILD CREDIT, ACCESS AFFORDABLE CAPITAL, AND ALLOW GREATER ACCESS INTO THE MAINSTREAM FINANCIAL SYSTEM. ACTIVITIES TO BE PERFORMED: THROUGH THE SDL PROGRAM, THE CDFI FUND WILL PROVIDE: GRANTS FOR LOAN LOSS RESERVES (LLR): THE AWARDS WILL ENABLE A CERTIFIED COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION (CDFI) TO ESTABLISH A LOAN LOSS RESERVE FUND IN ORDER TO DEFRAY THE COSTS OF ESTABLISHING OR MAINTAINING A SMALL DOLLAR LOAN PROGRAM. GRANTS FOR TECHNICAL ASSISTANCE (TA): THE AWARDS WILL SUPPORT TECHNOLOGY, STAFF SUPPORT, AND OTHER ELIGIBLE ACTIVITIES TO ENABLE A CERTIFIED CDFI TO ESTABLISH AND MAINTAIN A SMALL DOLLAR LOAN PROGRAM. END GOAL/EXPECTED OUTCOMES: EXPECTED OUTCOMES ARE AN INCREASE IN SMALL DOLLAR LENDING TO HELP UNBANKED AND UNDERBANKED POPULATIONS BUILD CREDIT, ACCESS AFFORDABLE CAPITAL, AND ALLOW GREATER ACCESS INTO THE MAINSTREAM FINANCIAL SYSTEM. INTENDED BENEFICIARIES: NONPROFIT ORGANIZATIONS, FOR PROFIT ORGANIZATIONS AND OTHER PRIVATE INSTITUTIONS/ORGANIZATIONS IN THE FORM OF FEDERALLY INSURED DEPOSITORY INSTITUTIONS, OR FEDERALLY-INSURED CREDIT UNIONS THAT ARE CERTIFIED CDFIS. SUBRECIPIENT ACTIVITIES: THERE ARE NO SUBRECIPIENTS FOR THIS PROGRAM.
Department of the Treasury
$213.5K
PURPOSE: TO SUPPORT CERTIFIED COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS (CDFIS) TO PROVIDE AN ALTERNATIVE TO HIGH COST SMALL DOLLAR LOANS, AS WELL AS HELP UNBANKED AND UNDERBANKED POPULATIONS BUILD CREDIT, ACCESS AFFORDABLE CAPITAL, AND ALLOW GREATER ACCESS INTO THE MAINSTREAM FINANCIAL SYSTEM. PLANNED ACTIVITIES: THROUGH THE SDL PROGRAM, THE CDFI FUND WILL PROVIDE GRANTS FOR LOAN LOSS RESERVES (LLR) THE AWARDS WILL ENABLE A CDFI TO ESTABLISH A LOAN LOSS RESERVE FUND IN ORDER TO DEFRAY THE COSTS OF ESTABLISHING OR MAINTAINING A SMALL DOLLAR LOAN PROGRAM. GRANTS FOR TECHNICAL ASSISTANCE (TA) THE AWARDS WILL SUPPORT TECHNOLOGY, STAFF SUPPORT, AND OTHER ELIGIBLE ACTIVITIES TO ENABLE A CERTIFIED CDFI TO ESTABLISH AND MAINTAIN A SMALL DOLLAR LOAN PROGRAM. END GOALS: EXPECTED OUTCOMES ARE AN INCREASE IN SMALL DOLLAR LENDING TO HELP UNBANKED AND UNDERBANKED POPULATIONS BUILD CREDIT, ACCESS AFFORDABLE CAPITAL, AND ALLOW GREATER ACCESS INTO THE MAINSTREAM FINANCIAL SYSTEM. BENEFICIARIES: NONPROFIT ORGANIZATIONS, FOR PROFIT ORGANIZATIONS AND OTHER PRIVATE INSTITUTIONS/ORGANIZATIONS IN THE FORM OF FEDERALLY INSURED DEPOSITORY INSTITUTIONS, OR FEDERALLY INSURED CREDIT UNIONS THAT ARE CERTIFIED CDFIS. SUBRECIPIENTS: THERE ARE NO SUBRECIPIENTS FOR THIS PROGRAM. BROADBAND: NOT APPLICABLE. REASON/PURPOSE OF MODIFICATION: NOT APPLICABLE.
Department of Agriculture
$100K
RURAL BUSINESS DEVELOPMENT GRANTS - DISASTER (RBDG E DISASTER) GRANTS
Small Business Administration
$84.5K
MICROLOAN TECHNICAL ASSISTANCE PROGRAM
Small Business Administration
$56K
SBA MICROLOAN TECHNICAL ASSISTANCE PROGRAM
Department of Agriculture
$50K
SEC. 6022 RMAP-RURAL MICRO DEVELOP ORGANIZATIONS GRANTS (DISC)
Department of Housing and Urban Development
$40.9K
HOUSING COUNSELING ASSISTANCE PROGRAM
Department of Agriculture
$9,835
RURAL COOPERATIVE DEVELOPMENT INITIATIVE GRANTS
Small Business Administration
$0
MICROLOAN PROGRAM TECHNICAL ASSISTANCE GRANT
Small Business Administration
$0
MICROLOAN TECHNICAL ASSISTANCE PROGRAM
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) | $3.4M | Yes | 2025-12-16 |
| 2024 | Clean | Unmodified (Clean) | $3.9M | Yes | 2024-11-12 |
| 2023 | Clean | Unmodified (Clean) | $5.2M | Yes | 2023-11-16 |
| 2022 | Clean | Unmodified (Clean) | $6.3M | Yes | 2022-10-06 |
| 2021 | Clean | Unmodified (Clean) | $4.9M | Yes | 2021-11-17 |
| 2020 | Clean | Unmodified (Clean) | $6.4M | Yes | 2020-11-22 |
| 2019 | Clean | Unmodified (Clean) | $5.7M | Yes | 2019-11-12 |
| 2018 | Clean | Unmodified (Clean) | $4.9M | Yes | 2018-12-18 |
| 2017 | Clean | Unmodified (Clean) | $5.4M | Yes | 2017-12-11 |
| 2016 | Clean | Unmodified (Clean) | $5.9M | Yes | 2016-10-18 |
Financial Report
Unmodified (Clean)
Federal Expenditure
$3.4M
Financial Report
Unmodified (Clean)
Federal Expenditure
$3.9M
Financial Report
Unmodified (Clean)
Federal Expenditure
$5.2M
Financial Report
Unmodified (Clean)
Federal Expenditure
$6.3M
Financial Report
Unmodified (Clean)
Federal Expenditure
$4.9M
Financial Report
Unmodified (Clean)
Federal Expenditure
$6.4M
Financial Report
Unmodified (Clean)
Federal Expenditure
$5.7M
Financial Report
Unmodified (Clean)
Federal Expenditure
$4.9M
Financial Report
Unmodified (Clean)
Federal Expenditure
$5.4M
Financial Report
Unmodified (Clean)
Federal Expenditure
$5.9M
Tax Year 2025 · 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 | $2.7M | $755.1K | $4.5M | $24.1M | $12.4M |
| 2023 | $3.7M | $2.3M | $4.1M | $28.6M | $15.1M |
| 2022 | $7M | $5.7M | $3.8M | $31.2M | $15.7M |
| 2021 | $4.1M | $1.1M | $3.6M |
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 2025)
Federal grants: USAspending.gov (live)
Organization info: IRS Business Master File
Tax-deductibility: IRS Publication 78
| Total |
|---|
| Raquel Valdez Sanchez | Chief Executive Officer | 40 | $178.3K | $0 | $10.6K | $188.9K |
| Rosa Rios Valdez | Former CEO | 40 | $73.2K | $0 | $3,821 | $77K |
Raquel Valdez Sanchez
Chief Executive Officer
$188.9K
Hrs/Wk
40
Compensation
$178.3K
Related Orgs
$0
Other
$10.6K
Rosa Rios Valdez
Former CEO
$77K
Hrs/Wk
40
Compensation
$73.2K
Related Orgs
$0
Other
$3,821
Members of the governing board. Board members often serve without compensation.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other | Total |
|---|---|---|---|---|---|---|
| Andres Garza Jr | Secretary | 1 | $0 | $0 | $0 | $0 |
| Brandon Jones | Director | 1 | $0 | $0 | $0 | $0 |
| David Brennan | Director | 1 | $0 | $0 | $0 | $0 |
| David Salinas | Director | 1 | $0 | $0 | $0 | $0 |
| Judy Canales | Treasurer | 1 | $0 | $0 | $0 | $0 |
| Melissa Robinson | Director |
Andres Garza Jr
Secretary
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Brandon Jones
Director
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
David Brennan
Director
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
| $29.7M |
| $12.5M |
| 2020 | $7.6M | $6.2M | $4.5M | $22.7M | $12M |
| 2019 | $3.3M | $2.1M | $4.6M | $19M | $8.8M |
| 2018 | $5.3M | $4.1M | $4.5M | $17.5M | $10.1M |
| 2017 | $2.9M | $1.7M | $4M | $16.9M | $9.2M |
| 2016 | $6M | $4.9M | $4.8M | $17.1M | $10.3M |
| 2015 | $4.4M | $3.5M | $2.6M | $14.5M | $9.1M |
| 2014 | $3M | $2M | $1.8M | $13.8M | $7.2M |
| 2013 | $1.9M | $889.5K | $1.4M | $12.7M | $5.6M |
| 2012 | $3.7M | $2.2M | $3.1M | $11.8M | $5.2M |
| 2011 | $1.6M | $661.9K | $1.7M | $10.1M | $4.5M |
| 2022 | 990 | Data |
| 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 |
| Stacy Bowers | Vice Chair | 1 | $0 | $0 | $0 | $0 |
| Tanner Moore | Director | 1 | $0 | $0 | $0 | $0 |
| William Sutherland | Chair | 3 | $0 | $0 | $0 | $0 |
David Salinas
Director
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Judy Canales
Treasurer
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Melissa Robinson
Director
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Stacy Bowers
Vice Chair
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Tanner Moore
Director
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
William Sutherland
Chair
$0
Hrs/Wk
3
Compensation
$0
Related Orgs
$0
Other
$0