Community Development Finance
- Assets
- $1.4m
- Revenue
- $331.8k
- Investments
- $0.0
- Employees
- 3
- Location
- Oakland, CA
- Founding
- 03/1999
- Data as of
- 06/2022
- EIN
- 94-3308385
Organization Overview
Community Development Finance is located in Oakland, CA. The organization was established in 1999. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2022, Community Development Finance employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Community Development Finance 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 06/2022, Community Development Finance generated $331.8k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.4% each year. All expenses for the organization totaled $309.1k during the year ending 06/2022. While expenses have increased by 3.5% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO INCREASE THE AVAILABILITY OF CAPITAL, AND ACCESS TO FINANCIAL INSTITUTIONS IN LOW-INCOME COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO DEVELOP AND OPERATE LOW-COST CHECK CASHING SERVICES, FINANCIAL COACHING, SOCIAL SERVICES, AND SMALL BUSINESS ASSISTANCE FOR LOW-INCOME COMMUNITY RESIDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Daniel M Leibsohn President | Trustee | 40 | $60,000 |
Richard J Devine Vice President | OfficerTrustee | 1 | $0 |
John Harrington Secretary | OfficerTrustee | 1 | $0 |
Kirsten Moy Board Member | Trustee | 1 | $0 |
Omolara Lu Osinowo-Gaines Board Member | Officer | 0 | $0 |
Richard Valle Board Member | Officer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $24,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $148,671 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $172,671 |
| Total Program Service Revenue | $159,129 |
| Investment income | $0 |
| 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 | $331,800 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $60,000 |
| Compensation of current officers, directors, key employees. | $2,400 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $114,826 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $9,018 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $13,909 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,762 |
| Advertising and promotion | $0 |
| Office expenses | $46 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $43,047 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,743 |
| Interest | $1,000 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,430 |
| Insurance | $21,318 |
| All other expenses | $8,375 |
| Total functional expenses | $309,121 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,186,911 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $12,604 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $112,990 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $36,782 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,748 |
| Total assets | $1,351,035 |
| Accounts payable and accrued expenses | $1,270 |
| Grants payable | $40,997 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $100,000 |
| Other liabilities | $733,224 |
| Total liabilities | $875,491 |
| Net assets without donor restrictions | $475,544 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,351,035 |