COMMUNITY REINVESTMENT FUND INC Charity Report

Public IRS 990 nonprofit record

COMMUNITY REINVESTMENT FUND INC

EIN 41-1616861 · Community Improvement & Capacity Building (S310)

What they do

to EXPAND ECONOMIC OPPORTUNITY for SMALL BUSINESSES and COMMUNITIES BY REIMAGINING THE WAY CAPITAL and RESOURCES FLOW.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $80.00 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders34 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

53.74%of revenue went to mission work80.0% of expenses · Program services

1.19%of revenue went to fundraising1.8% of expenses

$67.16spent for every $100 of revenueRevenue covered expenses this year.

12.24%of revenue went to management and office costs18.2% of expenses

$6.34in assets for every $1 spent this yearSome assets cannot be spent right away.

61.3%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $565,843 for MATTHEW ROTH (CEO & PRESIDENT). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$46,782,310

Mission workProgram services$25,138,96153.74% of revenue80.0% of expenses

ManagementOffice and general costs$5,724,50312.24% of revenue18.2% of expenses

FundraisingAsking for donations$557,6481.19% of revenue1.8% of expenses

Revenue left after expensesReported annual surplus$15,361,19832.84% of revenueShown in gray on the chart

Total expenses$31,421,11267.16% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 80.0% mission · 18.2% management · 1.8% fundraisingTotal expenses: 67.16% of revenue

2023Expense mix: 80.7% mission · 17.5% management · 1.8% fundraisingTotal expenses: 91.95% of revenue

2022Expense mix: 86.5% mission · 11.8% management · 1.7% fundraisingTotal expenses: 82.04% of revenue

2021Expense mix: 78.9% mission · 17.9% management · 3.2% fundraisingTotal expenses: 85.80% of revenue

2020Expense mix: 86.1% mission · 11.0% management · 2.9% fundraisingTotal expenses: 67.49% of revenue

2019Expense mix: 81.6% mission · 16.1% management · 2.3% fundraisingTotal expenses: 61.91% of revenue

2018Expense mix: 78.8% mission · 17.6% management · 3.6% fundraisingTotal expenses: 91.80% of revenue

2017Expense mix: 79.9% mission · 15.5% management · 4.7% fundraisingTotal expenses: 104.72% of revenue

Money in and money out

Revenue$46,782,310

Expenses$31,421,112

Annual surplus $15,361,198 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$25,138,961 · 80.0% of expenses

Management and office costs$5,724,503 · 18.2% of expenses

Fundraising$557,648 · 1.8% of expenses

See all reported dollar amounts

Revenue$46,782,310

Expenses$31,421,112

Assets$199,070,542

Income$46,782,310

Contributions$28,677,919

Mission work (program services)$25,138,961

Fundraising$557,648

Grants given$5,653,490

Average grant$54,360

Management and general$5,724,503

Executive compensation (total)$3,008,790

Accounting fees$331,345

Investing fees$24,875

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

MATTHEW ROTHCEO & PRESIDENT · 40 hrs/week $565,843Base $532,348 · Other $33,495

JENNIFER NOVAKSVP CDFI FUND PROGRAMS · 40 hrs/week $313,846Base $269,696 · Other $44,150

ALEXIS DISHMANSVP CHIEF LENDING OFFICER · 40 hrs/week $276,358Base $245,584 · Other $30,774

PATRICK DAVISSVP PLATFORM AND TECHNOLOGY SERVICES · 40 hrs/week $275,873Base $252,907 · Other $22,966

KINFE ARGAWSVP CHIEF CREDIT OFFICER · 40 hrs/week $275,406Base $233,087 · Other $42,319

CHARITY VICKERSSVP CHIEF PEOPLE OFFICER · 40 hrs/week $274,862Base $241,201 · Other $33,661

PAUL TREMEWANSVP CHIEF FINANCIAL OFFICER · 40 hrs/week $273,748Base $250,883 · Other $22,865

KATELYN BEDNARSKISVP CHIEF OF STAFF · 40 hrs/week $253,314Base $212,047 · Other $41,267

ANNA BURGETTCHIEF LEGAL COUNSEL · 40 hrs/week $251,993Base $210,789 · Other $41,204

SANDRA DELANCYSENIOR DIRECTOR OF EDMA · 40 hrs/week $241,735Base $201,019 · Other $40,716

ERIK OLEARYPRINCIPAL ARCHITECT · 40 hrs/week $233,718Base $212,759 · Other $20,959

PETER BERNACIAKVP, STRUCTURED FINANCE · 40 hrs/week $219,938Base $188,892 · Other $31,046

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (34)

MATTHEW ROTHCEO & PRESIDENT

JENNIFER NOVAKSVP CDFI FUND PROGRAMS

ALEXIS DISHMANSVP CHIEF LENDING OFFICER

PATRICK DAVISSVP PLATFORM AND TECHNOLOGY SERVICES

KINFE ARGAWSVP CHIEF CREDIT OFFICER

CHARITY VICKERSSVP CHIEF PEOPLE OFFICER

PAUL TREMEWANSVP CHIEF FINANCIAL OFFICER

KATELYN BEDNARSKISVP CHIEF OF STAFF

ANNA BURGETTCHIEF LEGAL COUNSEL

SANDRA DELANCYSENIOR DIRECTOR OF EDMA

ERIK OLEARYPRINCIPAL ARCHITECT

PETER BERNACIAKVP, STRUCTURED FINANCE

ANISHA MURPHYVP, PROGRAM DESIGN/EXECUTION

CYRUS KHARASVP, PROGRAM DESIGN/EXECUTION

ERIC CHAPINGENERAL COUNSEL THRU 8/24

JENNIFER ANDERSONCHIEF ADMIN OFFICER THRU 3/24

RENAY DOSSMANTRUSTEE AS OF 1/25

REZA AGHAMIRZADEHTRUSTEE

RUBEN ALONSOTRUSTEE

SARA RAZAVITRUSTEE AS OF 3/25

STEVE KENTTREASURER

TONY BROWNTRUSTEE

LUTHER RAGIN JRTRUSTEE

LAURA TRUDEAUSECRETARY THRU 1/25

KATHY ROCKTRUSTEE

JIE WANGTRUSTEE

JEANINE JACOKESSECRETARY AS OF 1/25

JANET DEFELLTRUSTEE AS OF 1/25

GEORGE SURGEONTRUSTEE AS OF 3/25

GAVIN BOROWIAKTRUSTEE

DANIEL SPILLERCHAIR

CHRYSTEL CORNELIUSTRUSTEE

CALVIN HOLMESTRUSTEE THRU 1/25

BILL KRUGLERTRUSTEE THRU 3/25

About this charity

Recognized since: January 1989
Location: 801 NICOLLET MALL STE 1700W, MINNEAPOLIS, MN 55402-2532
County: Hennepin
In care of: % JENNIFER ANDERSON
Primary officer: PAUL TREMEWAN, CFO

How to reach them

WebsiteVisit the charity’s website Emailloanservicing@crfusa.com Phone(612) 338-3050

Filing and classification

Latest tax year: 2024
Tax period began: July 1, 2024
Return type: 990
Tax preparer: CLIFTONLARSONALLEN LLP
NTEE classification: Community Improvement & Capacity Building (S310)
IRS tax category: Civic and Social Organizations
Grant-giving organization: Yes