Washington Area Community Investment Fund Inc
WASHINGTON, DC
Total revenue
$4.1M
Total expenses
$6.4M
Net assets
$5.7M
Grants received
$8.3M
59 grants
EIN
541442466
Tax year
2024
Mission
To increase equity and economic opportunity by investing knowledge, social, and financial capital in low- and moderate-income washington area entrepreneurs.
Programs
1 program
Lending - wacif's access to capital and lending activities provide flexible financing for small businesses owned by, operating in or serving low-to-moderate income communities in the dc area. In 2024, wacif deployed over $3.3m in loans to small businesses, including term loans and lines of credit, and gross portfolio outstanding year-end was $4.9m. Wacif has several loan funds to support a continuum of entrepreneurs that are unable to access traditional financing from banks, including established business owners. Wacif's various lending programs bridge the financing gap for underserved entrepreneurs graduating to traditional lenders, creating economic opportunity in low-to-moderate income communities. Wacif's access to capital (atc) fund is the organization's historical and most flexible source for small business financing. The atc fund remains a community asset which began with and has been sustained for over 30 years by individual and institutional, socially responsible investors seeking positive financial and social returns from their investment.
Financials
FY 2024
Revenue
Expenses
People
26 listed
SHANNAN HERBERT
CHIEF EXECUTIVE OFFICER
$210K
40 hrs/wk
KIMBERLY GAYLE
CHIEF PROGRAMS OFFICER
$168K
40 hrs/wk
KEVIN FRYATT
CFOO & CO-INTERIM CEO UNTIL 5/3/24
$83K
40 hrs/wk
EMEKA MONEME
BOARD MEMBER
—
1 hrs/wk
KLADE HARE NERSASIAN
BOARD MEMBER
—
1 hrs/wk
ABIGAIL SUAREZ
BOARD MEMBER
—
1 hrs/wk
COREY GRIFFIN
BOARD MEMBER
—
1 hrs/wk
MATTHIAS GLATTING
BOARD MEMBER
—
1 hrs/wk
NANCY STARK
BOARD CHAIR
—
3 hrs/wk
MACEO CLARK
BOARD MEMBER
—
1 hrs/wk
ANDREA LONGTON
BOARD MEMBER
—
1 hrs/wk
MALACHI MCKINNEY
BOARD MEMBER
—
1 hrs/wk
EVAN PIEKARA
BOARD MEMBER
—
1 hrs/wk
AQUIL STINSON
BOARD MEMBER
—
1 hrs/wk
NORA DIAMOND-JONES
SECRETARY
—
2 hrs/wk
ROBERT RIORDAN
BOARD VICE CHAIR
—
2 hrs/wk
BRIAN NAGENDRA
TREASURER
—
2 hrs/wk
COURTNEY R SNOWDEN
BOARD MEMBER
—
1 hrs/wk
MARISA G FLOWERS
BOARD MEMBER
—
1 hrs/wk
JESSEL AMIN
BOARD MEMBER
—
1 hrs/wk
CARYLN MADDEN
BOARD MEMBER
—
1 hrs/wk
MEGAN CARRAS
CHIEF DEVELOPMENT OFFICER
$182K
40 hrs/wk
SHAUNA YELDELL
CHIEF LENDING OFFICER UNTIL 10/16/24
$153K
40 hrs/wk
MESSAY DEREBE
AAC GENERAL DIRECTOR
$147K
30 hrs/wk
JUNELL VENORD
SENIOR HUMAN CAPITAL DIRECTOR
$143K
40 hrs/wk
SHERRY GUSTAFSON
DIRECTOR OF FINANCE UNTIL 12/06/2024
$143K
40 hrs/wk
Grants received
Showing 59 of 59
Funded by
$8.3M from 27 funders · 59 grants · 2018–2024
$2.1M · 6 grants · 2019–2024
$1.7M · 7 grants · 2018–2023
$850K · 2 grants · 2020
$613K · 4 grants · 2020–2023
$525K · 3 grants · 2020–2022
$420K · 2 grants · 2020–2024
$305K · 4 grants · 2020–2023
$300K · 1 grant · 2020