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TO PROVIDE BELOW MARKET RATE CAPITAL TO COMMUNITY BASED ORGANIZATIONS FOR DEVELOPMENT OF AFFORDABLE HOUSING AND TO PROVIDE BROADER COMMUNITY LENDING THAT DIRECTLY OR INDIRECTLY BENEFITS LOW INCOME OR DISADVANTAGED PEOPLE OR COMMUNITIES.
Source: IRS Form 990 (Tax Year 2024)
Source: IRS e-Filed Form 990 (from the IRS e-File system), Tax Year 2024
Total Revenue
▼$2.4M
Program Spending
78%
of total expenses go to program services
Total Contributions
$108K
Total Expenses
▼$1.3M
Total Assets
$16.1M
Total Liabilities
▼$4.6M
Net Assets
$11.6M
Officer Compensation
→$387.8K
Other Salaries
N/A
Investment Income
$368K
Fundraising
▼N/A
Source: USAspending.gov
No federal awards found for this organization.
USAspending.gov tracks federal grants, cooperative agreements, and other financial assistance. Not all nonprofits receive federal funding.
Source: Federal Audit Clearinghouse (fac.gov)
No federal single audit records found for this organization.
Single audits are required for entities expending $750,000+ in federal awards annually.
Tax Year 2024 · Source: IRS e-Filed Form 990Schedule J available
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
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| Year | Revenue | Contributions | Expenses | Assets | Net Assets |
|---|---|---|---|---|---|
| 2024IRS e-File | $2.4M | $108K | $1.3M | $16.1M | $11.6M |
| 2023IRS e-File | $753.9K | $619 | $3.5M | $12.7M | $8.5M |
| 2022 | $3M | $1.1M | $3.3M | $16.1M | $11.2M |
| 2021 | $2.1M |
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 | |
| 2022 | 990 | DataIRS e-File |
Financial data: IRS e-Filed Form 990 (Tax Year 2024)
Leadership & compensation: IRS e-Filed Form 990, Part VII (Tax Year 2024)
Organization info: IRS Business Master File
Tax-deductibility: IRS Publication 78
| Total |
|---|
| Elyse Cherry | CEO & Ex-officio Board Member | 10 | $242K | $726K | $244.1K | $1.2M |
| Lisa Zappala | Evp, CFO (until 9/2024) | 18 | $194.5K | $237.7K | $81.9K | $514.1K |
| Dewitt Jones | President, Bluehub Energy | — | $0 | $250.2K | $99.8K | $350K |
| Karen Kelleher | Pres. Loan Fund, Ex-officio Board Mem. | — | $0 | $305.7K | $37.8K | $343.5K |
| Jacquelyn Barry Hamilton | CFO (as Of 9/2024) | 40 | $85.1K | $0 | $10.2K | $95.3K |
| Charles Clark | Chairman Of The Board | 1 | $0 | $0 | $0 | $0 |
| Reese Fayde | Vice Chair Of The Board | 1 | $0 | $0 | $0 | $0 |
| Sarah C Lincoln | Treasurer Of The Board | 1 | $0 | $0 | $0 | $0 |
| Reverend James Walsh Sj | Clerk Of The Board | 1 | $0 | $0 | $0 | $0 |
Elyse Cherry
CEO & Ex-officio Board Member
$1.2M
Hrs/Wk
10
Compensation
$242K
Related Orgs
$726K
Other
$244.1K
Lisa Zappala
Evp, CFO (until 9/2024)
$514.1K
Hrs/Wk
18
Compensation
$194.5K
Related Orgs
$237.7K
Other
$81.9K
Dewitt Jones
President, Bluehub Energy
$350K
Hrs/Wk
—
Compensation
$0
Related Orgs
$250.2K
Other
$99.8K
Karen Kelleher
Pres. Loan Fund, Ex-officio Board Mem.
$343.5K
Hrs/Wk
—
Compensation
$0
Related Orgs
$305.7K
Other
$37.8K
Jacquelyn Barry Hamilton
CFO (as Of 9/2024)
$95.3K
Hrs/Wk
40
Compensation
$85.1K
Related Orgs
$0
Other
$10.2K
Charles Clark
Chairman Of The Board
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Reese Fayde
Vice Chair Of The Board
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Sarah C Lincoln
Treasurer Of The Board
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Reverend James Walsh Sj
Clerk Of The Board
$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 |
|---|---|---|---|---|---|---|
| Brenda Loya | Chief Operating Officer | 40 | $271.9K | $0 | $41.3K | $313.2K |
| Michael Nilles | Svp, Commercial Lending, Team Leader | — | $0 | $269K | $39.3K | $308.3K |
| E Matthew Gautieri | Svp, Controller | 20 | $118.8K | $118.8K |
Brenda Loya
Chief Operating Officer
$313.2K
Hrs/Wk
40
Compensation
$271.9K
Related Orgs
$0
Other
$41.3K
Michael Nilles
Svp, Commercial Lending, Team Leader
$308.3K
Hrs/Wk
—
Compensation
$0
Related Orgs
$269K
Other
$39.3K
E Matthew Gautieri
Svp, Controller
$296.3K
Hrs/Wk
20
Compensation
$118.8K
Related Orgs
$118.8K
Other
$58.8K
Members of the governing board. Board members often serve without compensation.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other | Total |
|---|---|---|---|---|---|---|
| Edward Dugger Iii | Board Member | 1 | $0 | $0 | $0 | $0 |
| Julie Gould | Board Member | 1 | $0 | $0 | $0 | $0 |
| Maria Maffei | Board Member | 1 | $0 | $0 | $0 | $0 |
| Mercedes Tompkins | Board Member | 1 | $0 | $0 | $0 | $0 |
| Victor R Rivera | Board Member | 1 | $0 | $0 | $0 | $0 |
Edward Dugger Iii
Board Member
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Julie Gould
Board Member
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Maria Maffei
Board Member
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
| $82.5K |
| $2.2M |
| $18.6M |
| $11.1M |
| 2020 | $2.1M | $116.4K | $2.1M | $22M | $11.2M |
| 2019 | $3.3M | $84.6K | $1M | $20M | $11.2M |
| 2018 | $2.4M | $65.2K | $1.7M | $18.6M | $8.9M |
| 2017 | $5M | $87.1K | $2.5M | $20.2M | $9.7M |
| 2016 | $3.2M | $73.5K | $2.7M | $34.6M | $7.2M |
| 2015 | $3.4M | $1.1M | $2.2M | $23.7M | $6.7M |
| 2014 | $3.5M | $1.2M | $1.8M | $12.8M | $5.5M |
| 2013 | $2.8M | $1.6M | $1.9M | $6.3M | $3.8M |
| 2012 | $1.5M | $1.2M | $2.1M | $5.9M | $2.9M |
| 2011 | $1.3M | $557.7K | $1.4M | $4.8M | $3.5M |
| 2021 | 990 | Data |
| 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 | — |
| $58.8K |
| $296.3K |
| Lubna Elia | Chief Administrative Officer | 40 | $265.6K | $0 | $17K | $282.6K |
| Arunabha Chakravarty | Svp, Portfolio Management | — | $0 | $223.2K | $31.3K | $254.5K |
Lubna Elia
Chief Administrative Officer
$282.6K
Hrs/Wk
40
Compensation
$265.6K
Related Orgs
$0
Other
$17K
Arunabha Chakravarty
Svp, Portfolio Management
$254.5K
Hrs/Wk
—
Compensation
$0
Related Orgs
$223.2K
Other
$31.3K
Mercedes Tompkins
Board Member
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Victor R Rivera
Board Member
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0