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Source: IRS e-Filed Form 990 (from the IRS e-File system), Tax Year 2023
Total Revenue
▼$24.6M
Program Spending
91%
of total expenses go to program services
Total Contributions
$17.6M
Total Expenses
▼$16.6M
Total Assets
$161.8M
Total Liabilities
▼$112.7M
Net Assets
$49.2M
Officer Compensation
→$577.1K
Other Salaries
$4.2M
Investment Income
$1.4M
Fundraising
▼N/A
Source: USAspending.gov · Searched by organization name
Total Federal Funding
$30.4M
Awards Found
19
Department of the Treasury
$5M
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.
Department of the Treasury
$2.4M
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 the Treasury
$1.1M
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 Agriculture
$147.1K
WOOD INNOVATIONS NORTHERN CALIFORNIA COMMUNITY LOAN FUND
Source: Federal Audit Clearinghouse (fac.gov)
Total Audits
8
Clean Audits
8
Material Weakness
No
Noncompliance Issues
No
| Year | Status | Financial Report | Federal Expenditure | Low Risk | Accepted |
|---|---|---|---|---|---|
| 2025 | Clean | Unmodified (Clean) | $5.6M | Yes | 2026-01-26 |
| 2024 | Clean | Unmodified (Clean) | $1.4M | Yes | 2025-01-27 |
| 2023 | Clean | Unmodified (Clean) | $1.8M | Yes | 2024-02-08 |
| 2022 | Clean | Unmodified (Clean) | $2M | Yes | 2023-02-13 |
| 2021 | Clean | Unmodified (Clean) | $2.4M | Yes | 2022-01-26 |
| 2020 | Clean | Unmodified (Clean) | $2.4M | Yes | 2021-01-25 |
| 2019 | Clean | Unmodified (Clean) | $3.3M | No | 2020-01-27 |
| 2018 | Clean | Unmodified (Clean) | $4.1M | No | 2019-01-16 |
Financial Report
Unmodified (Clean)
Federal Expenditure
$5.6M
Financial Report
Unmodified (Clean)
Federal Expenditure
$1.4M
Financial Report
Unmodified (Clean)
Federal Expenditure
$1.8M
Financial Report
Unmodified (Clean)
Federal Expenditure
$2M
Financial Report
Unmodified (Clean)
Federal Expenditure
$2.4M
Financial Report
Unmodified (Clean)
Federal Expenditure
$2.4M
Financial Report
Unmodified (Clean)
Federal Expenditure
$3.3M
Financial Report
Unmodified (Clean)
Federal Expenditure
$4.1M
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 | $24.6M | $17.6M | $16.6M | $161.8M | $49.2M |
| 2022 | $13.3M | $7.2M | $11.7M | $119.7M | $37.5M |
| 2021 | $20.7M | $14.3M | $9M | $118.6M | $41.2M |
| 2020 | $11.9M | $5.2M | $11.6M |
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 |
|---|
| Catherine Howard | President | 40 | $262K | $0 | $37K | $299K |
| Wilfredo O Mendoza | CFO | 40 | $198.9K | $0 | $30.3K | $229.2K |
| Anita Addison | Board Chair | 4 | $0 | $0 | $0 | $0 |
| David Elsaesser | Secretary | 4 | $0 | $0 | $0 | $0 |
| John Chan | Treasurer | 4 | $0 | $0 | $0 | $0 |
Catherine Howard
President
$299K
Hrs/Wk
40
Compensation
$262K
Related Orgs
$0
Other
$37K
Wilfredo O Mendoza
CFO
$229.2K
Hrs/Wk
40
Compensation
$198.9K
Related Orgs
$0
Other
$30.3K
Anita Addison
Board Chair
$0
Hrs/Wk
4
Compensation
$0
Related Orgs
$0
Other
$0
David Elsaesser
Secretary
$0
Hrs/Wk
4
Compensation
$0
Related Orgs
$0
Other
$0
John Chan
Treasurer
$0
Hrs/Wk
4
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 |
|---|---|---|---|---|---|---|
| Sabrina Kelley | Dir Of External Relations | 40 | $206.2K | $0 | $26.8K | $233K |
| Saul Ettlin | Senior Advisor To The President | 40 | $190.1K | $0 | $28.9K | $219.1K |
| Scott Sporte | Director Of Credit | 40 | $182K | $0 | $25.4K | $207.5K |
| Nate Schaffran | Director Of Business Development | 40 | $168.8K | $0 | $30.2K | $199K |
| Carmen Jones-Weaks | Director Of People & Culture | 40 | $167.7K | $0 | $29K | $196.7K |
Sabrina Kelley
Dir Of External Relations
$233K
Hrs/Wk
40
Compensation
$206.2K
Related Orgs
$0
Other
$26.8K
Saul Ettlin
Senior Advisor To The President
$219.1K
Hrs/Wk
40
Compensation
$190.1K
Related Orgs
$0
Other
$28.9K
Scott Sporte
Director Of Credit
$207.5K
Hrs/Wk
40
Compensation
$182K
Related Orgs
$0
Other
$25.4K
Members of the governing board. Board members often serve without compensation.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other | Total |
|---|---|---|---|---|---|---|
| Andy Madeira | Board Member | 4 | $0 | $0 | $0 | $0 |
| Bhavani Daryanani | Board Member | 4 | $0 | $0 | $0 | $0 |
| Bryan Ignozzi | Board Member (thru 1/1/24) | 4 | $0 | $0 | $0 | $0 |
| Caroyn Johnson | Board Member | 4 | $0 | $0 | $0 | $0 |
| Estella Sanchez | Board Member | 4 | $0 | $0 | $0 | $0 |
| Luis Rodriguez | Board Member (thru 6/1/24) |
Andy Madeira
Board Member
$0
Hrs/Wk
4
Compensation
$0
Related Orgs
$0
Other
$0
Bhavani Daryanani
Board Member
$0
Hrs/Wk
4
Compensation
$0
Related Orgs
$0
Other
$0
Bryan Ignozzi
Board Member (thru 1/1/24)
$0
Hrs/Wk
4
Compensation
$0
Related Orgs
$0
Other
$0
| $99.4M |
| $29.9M |
| 2019 | $12.4M | $5.5M | $8.7M | $90.2M | $29.2M |
| 2018 | $12.5M | $7.2M | $7.5M | $84.2M | $25.3M |
| 2017 | $7.9M | $1.9M | $6.9M | $76.5M | $20.4M |
| 2016 | $7.1M | $1.7M | $6.3M | $62.4M | $19M |
| 2015 | $7.3M | $1.9M | $6M | $59.4M | $17.6M |
| 2014 | $6M | $2.3M | $4.7M | $53.9M | $16.8M |
| 2013 | $5.2M | $2.1M | $4.3M | $47M | $15.2M |
| 2012 | $7.7M | $4.1M | $4.8M | $45M | $14.6M |
| 2011 | $4.3M | $1.6M | $3.3M | $40.6M | $11.2M |
PDF not yet published by IRSView Filing → |
| 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 | — |
| 2009 | 990 | — |
| 2008 | 990 | — |
| 2007 | 990 | — |
| 2006 | 990 | — |
| 2005 | 990 | — |
| 2004 | 990 | — |
| 2003 | 990 | — |
| 2002 | 990 | — |
| 2001 | 990 | — |
| Jason Riggs |
| Communications Director |
| 40 |
| $173.3K |
| $0 |
| $22.2K |
| $195.4K |
| Amanda Bornstein | Dir Of Catalytic Consulting/training | 40 | $167.2K | $0 | $21K | $188.2K |
| Risa Keeper | Interim Director Of Catalytic Capital (thru 12/13/ | 40 | $167.3K | $0 | $19.2K | $186.5K |
| Daniel Mcdonald | Senior Business Development Officer | 40 | $154K | $0 | $10.2K | $164.2K |
| Grayton Huang | Controller | 40 | $147.6K | $0 | $9,828 | $157.4K |
Nate Schaffran
Director Of Business Development
$199K
Hrs/Wk
40
Compensation
$168.8K
Related Orgs
$0
Other
$30.2K
Carmen Jones-Weaks
Director Of People & Culture
$196.7K
Hrs/Wk
40
Compensation
$167.7K
Related Orgs
$0
Other
$29K
Jason Riggs
Communications Director
$195.4K
Hrs/Wk
40
Compensation
$173.3K
Related Orgs
$0
Other
$22.2K
Amanda Bornstein
Dir Of Catalytic Consulting/training
$188.2K
Hrs/Wk
40
Compensation
$167.2K
Related Orgs
$0
Other
$21K
Risa Keeper
Interim Director Of Catalytic Capital (thru 12/13/
$186.5K
Hrs/Wk
40
Compensation
$167.3K
Related Orgs
$0
Other
$19.2K
Daniel Mcdonald
Senior Business Development Officer
$164.2K
Hrs/Wk
40
Compensation
$154K
Related Orgs
$0
Other
$10.2K
Grayton Huang
Controller
$157.4K
Hrs/Wk
40
Compensation
$147.6K
Related Orgs
$0
Other
$9,828
| 4 |
| $0 |
| $0 |
| $0 |
| $0 |
| Luisa Medina | Board Member | 4 | $0 | $0 | $0 | $0 |
| Nikki Beasley | Board Member | 4 | $0 | $0 | $0 | $0 |
| Pamela Merchant | Board Member/consultant | 4 | $4,600 | $0 | $0 | $4,600 |
| Patricia Gopaul | Board Member | 4 | $0 | $0 | $0 | $0 |
Caroyn Johnson
Board Member
$0
Hrs/Wk
4
Compensation
$0
Related Orgs
$0
Other
$0
Estella Sanchez
Board Member
$0
Hrs/Wk
4
Compensation
$0
Related Orgs
$0
Other
$0
Luis Rodriguez
Board Member (thru 6/1/24)
$0
Hrs/Wk
4
Compensation
$0
Related Orgs
$0
Other
$0
Luisa Medina
Board Member
$0
Hrs/Wk
4
Compensation
$0
Related Orgs
$0
Other
$0
Nikki Beasley
Board Member
$0
Hrs/Wk
4
Compensation
$0
Related Orgs
$0
Other
$0
Pamela Merchant
Board Member/consultant
$4,600
Hrs/Wk
4
Compensation
$4,600
Related Orgs
$0
Other
$0
Patricia Gopaul
Board Member
$0
Hrs/Wk
4
Compensation
$0
Related Orgs
$0
Other
$0