Raza Development Fund Inc

Organization Overview

Raza Development Fund Inc is located in Phoenix, AZ. The organization was established in 1996. According to its NTEE Classification (S43) the organization is classified as: Small Business Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 09/2021, Raza Development Fund Inc employed 40 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Raza Development Fund Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 09/2021, Raza Development Fund Inc generated $23.2m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 15.7% each year . All expenses for the organization totaled $16.7m during the year ending 09/2021. While expenses have increased by 9.5% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Since 2015, Raza Development Fund Inc has awarded 164 individual grants totaling $3,169,798. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

RAZA DEVELOPMENT FUND'S MISSION IS TO CREATE FINANCING SOLUTIONS THAT INCREASE OPPORTUNITIES FOR THE LATINO COMMUNITY AND LOW-INCOME FAMILIES IN THE AREAS OF AFFORDABLE HOUSING, EDUCATION AND HEALTH CARE. RDF TRULY INVESTS IN THE DREAMS AND HOPES OF UNIDOSUS AFFILIATES AND OTHER NOT-FOR-PROFIT SOCIAL SERVICE ORGANIZATIONS BUILDING UP THEIR COMMUNITIES, AND THEREBY TOUCHING THE LIVES OF THOUSANDS OF FAMILIES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

LOAN FUND PROGRAMS: LENDING PROGRAMS TO ASSIST HISPANIC AGENCIES AS WELL AS OTHER AGENCIES SERVING LOW INCOME COMMUNITIES BY INCREASING ACCESS TO CAPITAL, STRENGTHENING AFFILIATE RELATIONS AND PROMOTE ECONOMIC AND FINANCIAL LITERACY AT THE AGENCY LEVEL. LOANS APPROVED 520.


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Board, Officers & Key Employees

Name (title)Compensation
Tom Espinoza
President/ceo
$432,730
Rodrigo Vela
Chief Financial Officer
$266,448
David Clower
Chief Investment Officer
$264,546
Mark Van Brunt
Executive Vice President
$241,669
Melissa Mcdonald
Chief Operating Officer
$236,483
Scott Richter
Chief Credit Officer
$167,068

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Veracruz Advisory Llc
Community Leadership Services
$185,336
Bergman & Allderdice
Legal Fees
$114,351
United Fund Advisors
Nmtc Advisory Services
$843,750
Rsm Us Llp
Audit Fees
$123,888
Novogradac & Company Llp
Audit Fees
$277,500
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$100,000
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$7,148,377
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$7,248,377
Total Program Service Revenue$15,288,769
Investment income $185,848
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $23,229,153

Grants Awarded

Over the last fiscal year, Raza Development Fund Inc has awarded $583,500 in support to 20 organizations.

Grant RecipientAmount

AMBER CHARTER SCHOOL

Org PageRecipient Profile

New York, NY

PURPOSE: COMMUNITY SUPPORT

$60,000

TEPEYAC LEADERSHIP INC

Org PageRecipient Profile

Phoenix, AZ

PURPOSE: COMMUNITY DEVELOPMENT

$50,000

CATHOLIC CHARITIES OF THE RIO GRANDE VALLEY INC

Org PageRecipient Profile

San Juan, TX

PURPOSE: COMMUNITY DEVELOPMENT

$50,000

BRILLA COLLEGE PREPARATORY CHARTER SCHOOL

Org PageRecipient Profile

Bronx, NY

PURPOSE: COMMUNITY SUPPORT

$50,000

Phoenix, AZ

PURPOSE: COMMUNITY DEVELOPMENT

$45,000

CATHOLIC EXTENSION

Org PageRecipient Profile

Chicago, IL

PURPOSE: COMMUNITY DEVELOPMENT

$30,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 5 grants that Raza Development Fund Inc has recieved totaling $904,000.

Awarding OrganizationAmount
W K Kellogg Foundation

Battle Creek, MI

PURPOSE: INCREASE IMPACTS IN LATINX-LED ORGANIZATIONS AND COMMUNITIES BY SUPPORTING THE CAPACITY FOR TECHNICAL ASSISTANCE AND WORKING CAPITAL DEPLOYMENT TO AFFILIATE ORGANIZATIONS

$590,000
Bank Of America Charitable Foundation Inc

Charlotte, NC

PURPOSE: GENERAL SUPPORT

$100,000
Bank Of America Charitable Foundation Inc

Charlotte, NC

PURPOSE: GENERAL SUPPORT

$100,000
Bank Of America Charitable Foundation Inc

Charlotte, NC

PURPOSE: GENERAL SUPPORT

$100,000
Comerica Charitable Foundation

Detroit, MI

PURPOSE: COVID-19 HOPE FUND

$14,000
View Grant Recipient Profile

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