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Nonprofits›Raza Development Fund Inc

Community Improvement & Capacity Building

Raza Development Fund Inc

PHOENIX, AZ

Website View as a funder

Total revenue

$25.7M

Total expenses

$23.6M

Net assets

$112.3M

Grants received

$7.9M

14 grants

EIN

521954196

Tax year

2023

Mission

Rdf is a mission driven community development financial institution (cdfi) dedicated to unlocking lasting prosperity in communities across america. Since its founding in 1999, rdf has provided responsible, attainable financial solutions to community-based organizations working in health, education, affordable housing, homeownership, entrepreneurship, and community resilience. Rdf is one of the few cdfis to hold a prestigious aa- rating from s&p, a reflection of its exceptional financial strength and impact. To date, rdf has invested more than $1.6 billion across 38 states, leveraging over $7 billion in additional capital.

Financials

FY 2023

Revenue

Contributions & grants$1.1M

Program service revenue$21.0M

Investment income$3.2M

Other revenue$343K

Total revenue$25.7M

Expenses

Grants paid$1.2M

Salaries & benefits$7.2M

Fundraising$121K

Other expenses$15.2M

Total expenses$23.6M

Total assets$363.1M

Net assets$112.3M

People

23 listed

NameRoleCompensation

MARY ANN DONOVAN

PRESIDENT & CEO

Board

$527K

40 hrs/wk

MELISSA MCDONALD

CHIEF PEOPLE & OPERATIONS OFFICER

Board

$327K

40 hrs/wk

DAVID CLOWER

EVP STRATEGIC INVEST (THRU 2/15/24)

Board

$318K

40 hrs/wk

ADRIAN RUIZ

CHIEF INVESTMENT OFFICER

Board

$227K

40 hrs/wk

ANTONIO LOPEZ

CHIEF FINANCIAL OFFICER

Board

$227K

40 hrs/wk

SCOTT RICHTER

CHIEF CREDIT OFFICER

Board

$214K

40 hrs/wk

BRENDA LOYA

VICE CHAIR

Board

—

1 hrs/wk

DANIEL ORTEGA

BOARD CHAIR

Board

—

1 hrs/wk

KENNETH I TRUJILLO

SECRETARY (BEG 5/17/24)

Board

—

1 hrs/wk

JOSEPH F REILLY

SECRETARY (THRU 5/16/24)

Board

—

1 hrs/wk

AARON DOMINGUEZ

BOARD MEMBER

Board

—

1 hrs/wk

DONNA GAMBRELL

BOARD MEMBER

Board

—

1 hrs/wk

LUIS GRANADOS

BOARD MEMBER

Board

—

1 hrs/wk

MARIA S SALINAS

BOARD MEMBER

Board

—

1 hrs/wk

J REYMUNDO OCANAS

BOARD MEMBER

Board

—

1 hrs/wk

JANET MURGUIA

BOARD MEMBER

Board

—

1 hrs/wk

ERIK HARTMAN

CHIEF IT OFFICER (BEG 5/13/24)

Board

—

40 hrs/wk

RODRIGO VELA

FORMER CFO (THRU 6/30/23)

Staff

$382K

40 hrs/wk

JUAN MADRID

DEPUTY CFO & CONTROLLER

Staff

$210K

40 hrs/wk

AMANDA SANCHEZ

VP OF EDUCATION

Staff

$183K

40 hrs/wk

PEDRO CHAVES

DEPUTY CHIEF CREDIT OFFICER

Staff

$165K

40 hrs/wk

CATHERINE KES

SR DIRECTOR OF SPECIALTY FINANCE

Staff

$150K

40 hrs/wk

SIMA THAKKAR

SVP COMMUNITY INNOVATIONS

Staff

$150K

40 hrs/wk

Independent contractors

UNITED FUND ADVISORS

NMTC ADVISORY SERVICES

$1.2M

DUANE MORRIS LLP

LEGAL FEES

$435K

VERACRUZ ADVISORY LLC

COMMUNITY LEADERSHIP SERVICES

$327K

NOVOGRADAC & COMPANY LLP

AUDIT FEES

$297K

DIVERSIFIED SEARCH GROUP

RECRUTING FEES

$131K

Grants received

Showing 14 of 14

FromAmountPurposeYear

CITI FOUNDATION

$100K

THE IMPACT OF CDFIS IN THE LATINO COMMUNITY INITIATIVE

2024

ALLY CHARITABLE FOUNDATION

$15K

EL COLIBRI LEARNING LAB

2024

GREAT RIVERS COMMUNITY TRUST

$159K

GENERAL SUPPORT

2023

OPPORTUNITY FINANCE NETWORK

$250K

OFN CDFI TECH GRANT PROGRAM SUPPORTED BY GOOGLE.ORG

2022

The Bank of America Charitable Foundation Inc

$50K

PROGRAM/OPERATING SUPPORT

2022

MORGAN STANLEY GLOBAL IMPACT FUNDING TRUST INC

$32K

UNRESTRICTED GENERAL SUPPORT

2022

COMERICA CHARITABLE FOUNDATION

$14K

Raza Development Fund - Building our IT Infrastructure to better serve our Latino Communities

2022

The Bank of America Charitable Foundation Inc

$50K

OPERATIONAL SUPPORT

2021

COMERICA CHARITABLE FOUNDATION

$14K

RDF Graduate Investment Program -Supporting Tomorrow's Leaders

2021

WK Kellogg Foundation

$590K

increase impacts in Latinx-led organizations and communities by supporting the capacity for technical assistance and working capital deployment to affiliate organizations

2020

CITI FOUNDATION

$500K

COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS INITIATIVE

2020

The Bank of America Charitable Foundation Inc

$100K

GENERAL SUPPORT

2020

COMERICA CHARITABLE FOUNDATION

$14K

COVID-19 Hope Fund