Community Improvement
Community Reinvestment Fund Inc
MINNEAPOLIS, MN
Total revenue
$35.7M
Total expenses
$32.8M
Net assets
$78.2M
Grants received
$39.8M
57 grants
EIN
411616861
Tax year
2023
Mission
To improve lives and strengthen communities through innovative financial solutions.
Programs
2 programs
Technology solutions - crf offers technology solutions that support and enable access to affordable and responsible small business financing and improve the efficiency and scalability of mission-based lenders. These solutions are critical to many public-private partnerships across the country, as well as partnerships between traditional banks and cdfis. During the fiscal year 2024, crf facilitated the origination of approximately 973 loans totaling 85.4 million.
Loan servicing and fund administration - crf is a national loan servicer and fund administrator that specializes in providing high-touch, customized service. With more than 20 years of experience, crf focuses on providing servicing and administration for mission-aligned organizations with a variety of asset types including commercial real estate, community facilities, residential mortgages, equipment, and others. During the 2024 fiscal year, crf provided third party loan servicing support for 29 community development lenders with volume of approximately 2,476 loans totaling $94.1 million. During the 2024 fiscal year, crf provided administration for more than 5 funds with asset totaling more than $104.6 million.
Financials
FY 2023
Revenue
Expenses
People
37 listed
JENNIFER ANDERSON
CHIEF ADMIN OFFICER THRU 3/24
$454K
40 hrs/wk
KEITH RACHEY
EVP CHIEF IMPACT OFFICER THRU 6/23
$415K
40 hrs/wk
MATTHEW ROTH
CEO & PRESIDENT AS OF 3/23
$299K
40 hrs/wk
JENNIFER NOVAK
SVP CDFI LENDING PROGRAMS
$247K
40 hrs/wk
PAUL TREMEWAN
SVP & CHIEF FINANCIAL OFFICER
$220K
40 hrs/wk
CHARITY VICKERS
SVP & CHIEF PEOPLE OFFICER
$215K
40 hrs/wk
PATRICK DAVIS
SVP PLATFORM & TECH SERVICES
$213K
40 hrs/wk
ERIC CHAPIN
SVP GENERAL COUNSEL
$211K
40 hrs/wk
FRANK ALTMAN
CEO THRU 7/23
$210K
40 hrs/wk
KINFE ARGAW
SVP CHIEF CREDIT OFFICER
$180K
40 hrs/wk
SIMON MCNEIL
SVP & COO THRU 6/23
$177K
40 hrs/wk
KATELYN BEDNARSKI
SVP CHIEF OF STAFF
$171K
40 hrs/wk
ALEXIS DISHMAN
SVP CHIEF LEND. OFFICER AS OF 7/23
$86K
40 hrs/wk
JUDITH JANDRO
SVP SMALL BUS. LENDING THRU 2/23
$63K
40 hrs/wk
BRANDON DIXON
SVP CHIEF CREDIT OFFICER THRU 2/23
$39K
40 hrs/wk
DANIEL SPILLER
CHAIR
—
1 hrs/wk
STEVE KENT
TREASURER
—
1 hrs/wk
LAURA TRUDEAU
SECRETARY
—
1 hrs/wk
REZA AGHAMIRZADEH
TRUSTEE
—
1 hrs/wk
CHRYSTEL CORNELIUS
TRUSTEE
—
1 hrs/wk
CALVIN HOLMES
TRUSTEE AS OF 10/23
—
1 hrs/wk
BILL KRUGLER
TRUSTEE
—
1 hrs/wk
TONY BROWN
TRUSTEE
—
1 hrs/wk
KATHY ROCK
TRUSTEE
—
1 hrs/wk
RUBEN ALONSO
TRUSTEE
—
1 hrs/wk
JEANINE JACOKES
TRUSTEE
—
1 hrs/wk
GAVIN BOROWIAK
TRUSTEE
—
1 hrs/wk
LUTHER RAGIN JR
TRUSTEE
—
1 hrs/wk
JIE WANG
TRUSTEE AS OF 6/24
—
1 hrs/wk
DAVID ADAME
TRUSTEE THRU 10/23
—
1 hrs/wk
WILLIE LOGAN
TRUSTEE THRU 1/24
—
1 hrs/wk
JACQUELINE WOODS
TRUSTEE THRU 6/24
—
1 hrs/wk
JENNIFER ERICSON
VP OF LENDING
$219K
40 hrs/wk
SANDRA DELANCY
SENIOR DIRECTOR OF EDMA
$186K
40 hrs/wk
TASHA PARKER
VP BUSINESS OPERATIONS
$183K
40 hrs/wk
ERIK O'LEARY
PRINCIPAL ARCHITECT
$182K
40 hrs/wk
ANNA BURGETT
SENIOR ASSOCIATE GENERAL COUNSEL
$178K
40 hrs/wk
Independent contractors
CLIFTONLARSONALLEN LLP
ACCOUNTING
PERKINS COIE LLP
LEGAL
ROBERT HALF
CONSULTING
MARK GAVIN CONSULTING
CONSULTING
Grants received
Showing 57 of 57
Funded by
$39.8M from 28 funders · 57 grants · 2017–2024
$15.1M · 2 grants · 2017–2020
$8.4M · 3 grants · 2020–2023
$6M · 6 grants · 2020–2024
$2M · 1 grant · 2024
$1.1M · 4 grants · 2019–2020
$1M · 1 grant · 2024
$994K · 4 grants · 2022–2024
$850K · 2 grants · 2020–2023