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Source: IRS e-Filed Form 990 (from the IRS e-File system), Tax Year 2023
Total Revenue
▼$16.5M
Program Spending
65%
of total expenses go to program services
Total Contributions
$4.6M
Total Expenses
▼$9.9M
Total Assets
$276.5M
Total Liabilities
▼$136M
Net Assets
$140.5M
Officer Compensation
→$1.4M
Other Salaries
$3.2M
Investment Income
$4.3M
Fundraising
▼$0
Source: USAspending.gov · Searched by organization name
Total Federal Funding
$37.7M
Awards Found
13
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.
Source: Federal Audit Clearinghouse (fac.gov)
Total Audits
10
Clean Audits
9
Material Weakness
No
Noncompliance Issues
No
| Year | Status | Financial Report | Federal Expenditure | Low Risk | Accepted |
|---|---|---|---|---|---|
| 2025 | Minor Findings | Unmodified (Clean) | $10.3M | Yes | 2026-01-09 |
| 2024 | Clean | Unmodified (Clean) | $11.8M | Yes | 2024-11-04 |
| 2023 | Clean | Unmodified (Clean) | $14.8M | Yes | 2023-11-14 |
| 2022 | Clean | Unmodified (Clean) | $18.9M | Yes | 2022-10-23 |
| 2021 | Clean | Unmodified (Clean) | $16.4M | Yes | 2021-11-16 |
| 2020 | Clean | Unmodified (Clean) | $19.7M | Yes | 2021-03-25 |
| 2019 | Clean | Unmodified (Clean) | $815.3K | Yes | 2019-11-11 |
| 2018 | Clean | Unmodified (Clean) | $824.3K | Yes | 2018-12-12 |
| 2017 | Clean | Unmodified (Clean) | $9.7M | Yes | 2017-10-24 |
| 2016 | Clean | Unmodified (Clean) | $8.9M | Yes | 2016-11-07 |
Financial Report
Unmodified (Clean)
Federal Expenditure
$10.3M
Financial Report
Unmodified (Clean)
Federal Expenditure
$11.8M
Financial Report
Unmodified (Clean)
Federal Expenditure
$14.8M
Financial Report
Unmodified (Clean)
Federal Expenditure
$18.9M
Financial Report
Unmodified (Clean)
Federal Expenditure
$16.4M
Financial Report
Unmodified (Clean)
Federal Expenditure
$19.7M
Financial Report
Unmodified (Clean)
Federal Expenditure
$815.3K
Financial Report
Unmodified (Clean)
Federal Expenditure
$824.3K
Financial Report
Unmodified (Clean)
Federal Expenditure
$9.7M
Financial Report
Unmodified (Clean)
Federal Expenditure
$8.9M
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 | $16.5M | $4.6M | $9.9M | $276.5M | $140.5M |
| 2022 | $26M | $16.9M | $20M | $240.9M | $109.4M |
| 2021 | $21.4M | $11.3M | $7.3M | $251M | $104.7M |
| 2020 | $24.5M | $15.2M | $9.6M |
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 2024)
Federal grants: USAspending.gov (live)
Organization info: IRS Business Master File
Tax-deductibility: IRS Publication 78
| Total |
|---|
| Antonieta Ramos | Chief Executive Officer | 40 | $429.8K | $0 | $20.3K | $450.1K |
| Julie Mahowald | CFO & Head Of P'ships And Strategy | 40 | $299.5K | $0 | $32.1K | $331.6K |
| Fathia Macauley | Chief Lending Off. (until 06/18/24) | 40 | $225.3K | $0 | $25.6K | $250.8K |
| Nazmin Bishop | Chief Dev. & Com. Officer | 40 | $170.4K | $0 | $37.4K | $207.8K |
| Prathit Thaker | Chief Credit Officer (until 10/20/23) | 40 | $173.1K | $0 | $33.4K | $206.5K |
| Joe Anzalone | Chair | 4 | $0 | $0 | $0 | $0 |
| Julie Quinn | Chief Prog & Impact Off. (beg 01/24) | 40 | $0 | $0 | $0 | $0 |
| Lisa Gutierrez | First/second Vice-chair | 1 | $0 | $0 | $0 | $0 |
| Kevin Deeble | Treasurer | 1 | $0 | $0 | $0 | $0 |
| Sharon Lee | Secretary | 1 | $0 | $0 | $0 | $0 |
Antonieta Ramos
Chief Executive Officer
$450.1K
Hrs/Wk
40
Compensation
$429.8K
Related Orgs
$0
Other
$20.3K
Julie Mahowald
CFO & Head Of P'ships And Strategy
$331.6K
Hrs/Wk
40
Compensation
$299.5K
Related Orgs
$0
Other
$32.1K
Fathia Macauley
Chief Lending Off. (until 06/18/24)
$250.8K
Hrs/Wk
40
Compensation
$225.3K
Related Orgs
$0
Other
$25.6K
Nazmin Bishop
Chief Dev. & Com. Officer
$207.8K
Hrs/Wk
40
Compensation
$170.4K
Related Orgs
$0
Other
$37.4K
Prathit Thaker
Chief Credit Officer (until 10/20/23)
$206.5K
Hrs/Wk
40
Compensation
$173.1K
Related Orgs
$0
Other
$33.4K
Joe Anzalone
Chair
$0
Hrs/Wk
4
Compensation
$0
Related Orgs
$0
Other
$0
Julie Quinn
Chief Prog & Impact Off. (beg 01/24)
$0
Hrs/Wk
40
Compensation
$0
Related Orgs
$0
Other
$0
Lisa Gutierrez
First/second Vice-chair
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Kevin Deeble
Treasurer
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Sharon Lee
Secretary
$0
Hrs/Wk
1
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 |
|---|---|---|---|---|---|---|
| Guadalupe De Lourdes Medina Mendez | Human Resources Director | 40 | $175.7K | $0 | $19.2K | $194.9K |
| Brent Malloy | Controller | 40 | $158.1K | $0 | $35K | $193.1K |
| Vivian Vo | Accounting Manager | 40 | $149.1K | $0 | $18.7K | $167.8K |
| Martha Lopez | Manager, Loan Admin | 40 | $140.3K | $0 | $24.5K | $164.8K |
| Stephaney Kipple | Multifamily Lending Manager | 40 | $148.6K | $0 | $15K | $163.6K |
Guadalupe De Lourdes Medina Mendez
Human Resources Director
$194.9K
Hrs/Wk
40
Compensation
$175.7K
Related Orgs
$0
Other
$19.2K
Brent Malloy
Controller
$193.1K
Hrs/Wk
40
Compensation
$158.1K
Related Orgs
$0
Other
$35K
Vivian Vo
Accounting Manager
$167.8K
Hrs/Wk
40
Compensation
$149.1K
Related Orgs
$0
Other
$18.7K
Members of the governing board. Board members often serve without compensation.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other | Total |
|---|---|---|---|---|---|---|
| Ahmad Thomas | Director | 1 | $0 | $0 | $0 | $0 |
| Art Fatum | Director (until 02/01/24) | 1 | $0 | $0 | $0 | $0 |
| Craig Robinson | Director (until 02/01/24) | 1 | $0 | $0 | $0 | $0 |
| Dana Stranz | Director | 1 | $0 | $0 | $0 | $0 |
| Fiona Hsu | Director | 1 | $0 | $0 | $0 | $0 |
| Hilda Ramirez | Director (until 02/01/24) |
Ahmad Thomas
Director
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Art Fatum
Director (until 02/01/24)
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Craig Robinson
Director (until 02/01/24)
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
| $224M |
| $89.8M |
| 2019 | $14.9M | $8.5M | $6.9M | $166.6M | $75.1M |
| 2018 | $13.3M | $9.5M | $4.5M | $120M | $67M |
| 2017 | $10.9M | $8.1M | $4.5M | $100.2M | $58.7M |
| 2016 | $16.1M | $14.4M | $3.4M | $72.1M | $52.6M |
| 2015 | $8.1M | $6.8M | $3.5M | $52.6M | $40.1M |
| 2014 | $5.9M | $4.8M | $4.3M | $46M | $35.5M |
| 2013 | $10.1M | $9.5M | $9.9M | $39.8M | $33.9M |
| 2012 | $16.8M | $16.2M | $16M | $37.8M | $33.6M |
| 2011 | $13.3M | $12.9M | $8.8M | $38.9M | $32.9M |
| 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 | — |
Martha Lopez
Manager, Loan Admin
$164.8K
Hrs/Wk
40
Compensation
$140.3K
Related Orgs
$0
Other
$24.5K
Stephaney Kipple
Multifamily Lending Manager
$163.6K
Hrs/Wk
40
Compensation
$148.6K
Related Orgs
$0
Other
$15K
| 1 |
| $0 |
| $0 |
| $0 |
| $0 |
| Jana Barsten | Director | 1 | $0 | $0 | $0 | $0 |
| Jonathan Fearn | Director | 1 | $0 | $0 | $0 | $0 |
| Katie Ferrick | Director | 1 | $0 | $0 | $0 | $0 |
| Meg Mcgraw-Scherer | Director | 1 | $0 | $0 | $0 | $0 |
| Mike Beasley | Director | 1 | $0 | $0 | $0 | $0 |
| Tatiana Blank | Director | 1 | $0 | $0 | $0 | $0 |
| Tim Steele | Director | 1 | $0 | $0 | $0 | $0 |
Dana Stranz
Director
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Fiona Hsu
Director
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Hilda Ramirez
Director (until 02/01/24)
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Jana Barsten
Director
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Jonathan Fearn
Director
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Katie Ferrick
Director
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Meg Mcgraw-Scherer
Director
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Mike Beasley
Director
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Tatiana Blank
Director
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Tim Steele
Director
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0