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← WORKING SOLUTIONS CDFI

Form 990 for tax year 2023

Filed by WORKING SOLUTIONS CDFI.

Totals

Total revenue
$5,154,072
Total expenses
$4,989,444
Contributions and grants received
$3,660,675
Grants paid
$296,500
Program service revenue
$1,338,471
Investment income
$154,926
Other revenue
$0
Total assets, end of year
$21,389,709
Total liabilities, end of year
$11,811,606
Net assets or fund balances, end of year
$9,578,103
Program services expenses (Part IX)
$4,003,807
Management and general expenses
$641,769
Fundraising expenses
$343,868
Program service expenses (Part III)
$4,003,807

Program services were 80.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • LAURA HOOVER

    CHIEF DEVELOPMENT OFFICER

    Total calculated
    $205,962
    From this org
    $168,109
    From related orgs
    $0
    Other
    $37,853
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $168,109
    Bonus
    $0
    Other
    $0
    Deferred
    $6,248
    Nontaxable benefits
    $31,605
    Filer's total
    $205,962

  • GASPER MAGALLANES

    CHIEF FINANCIAL OFFICER

    Total calculated
    $205,033
    From this org
    $170,329
    From related orgs
    $0
    Other
    $34,704
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $169,785
    Bonus
    $0
    Other
    $544
    Deferred
    $5,539
    Nontaxable benefits
    $29,165
    Filer's total
    $205,033

  • JOHN PALYO

    CHIEF LENDING OFFICER THROUGH 7/2024

    Total calculated
    $192,137
    From this org
    $159,672
    From related orgs
    $0
    Other
    $32,465
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $159,672
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $32,465
    Filer's total
    $192,137

  • SARA RAZAVI

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $187,749
    From this org
    $178,488
    From related orgs
    $0
    Other
    $9,261
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $177,864
    Bonus
    $0
    Other
    $624
    Deferred
    $6,379
    Nontaxable benefits
    $2,882
    Filer's total
    $187,749

  • TITILOPE IKHILE

    CHIEF PROGRAM OFFICER

    Total calculated
    $185,014
    From this org
    $152,877
    From related orgs
    $0
    Other
    $32,137
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $151,273
    Bonus
    $0
    Other
    $1,604
    Deferred
    $5,600
    Nontaxable benefits
    $26,537
    Filer's total
    $185,014

  • DEBRA STEINEMAN

    SENIOR ACCOUNTING MANAGER

    Total calculated
    $144,457
    From this org
    $121,782
    From related orgs
    $0
    Other
    $22,675
    Hours/week
    40

  • PRISCILLA WOO

    DIRECTOR OF LENDING

    Total calculated
    $133,320
    From this org
    $112,187
    From related orgs
    $0
    Other
    $21,133
    Hours/week
    40

  • NATALYA BLUMENFELD

    IMPACT MANAGER

    Total calculated
    $119,510
    From this org
    $103,515
    From related orgs
    $0
    Other
    $15,995
    Hours/week
    40

  • LYNNDA MORI

    BUSINESS CONSULTING MANAGER

    Total calculated
    $115,865
    From this org
    $110,162
    From related orgs
    $0
    Other
    $5,703
    Hours/week
    40

  • CHRISTIAN KNIGHT

    PORTFOLIO MANAGER

    Total calculated
    $111,623
    From this org
    $107,529
    From related orgs
    $0
    Other
    $4,094
    Hours/week
    40

  • MARCI ROSENFELD

    CHAIR THRU 1/2024 / DIR START 1/2024

    Total calculated
    $0
    Hours/week
    1

  • PALOMA VIDGEN

    CHAIR START 1/2024

    Total calculated
    $0
    Hours/week
    1

  • OLIVIA REBANAL

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • CHRISTINA TRAVERS

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • MINDY CHRISTENSEN

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • MARISA CALDERON

    BOARD MEMBER START 1/2024

    Total calculated
    $0
    Hours/week
    1

  • HASEEB CHAUDHRY

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • EMILY GASNER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • TATE HILL

    BOARD MEMBER START 1/2024

    Total calculated
    $0
    Hours/week
    1

  • WILL JACKSON

    BOARD MEMBER START 1/2024

    Total calculated
    $0
    Hours/week
    1

  • BRIAN NAGENDRA

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • PURVI PATEL

    BOARD MEMBER THROUGH 8/2024

    Total calculated
    $0
    Hours/week
    1

  • LENA ROBINSON

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 1a · Health or social club dues or initiation fees
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 7 · Other non-fixed payments

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 1A
ALL EMPLOYEES (INCLUDING THE LISTED EMPLOYEES IN FORM 990, PART VII, SECTION A) ARE ELIGIBLE TO RECEIVE REIMBURSEMENT FOR GYM MEMBERSHIPS/FITNESS CENTER DUES, WHICH IS REPORTED AS TAXABLE COMPENSATION TO THE EMPLOYEE.
PART I, LINE 7
BONUSES, WHEN BEING MADE, ARE CALCULATED UTILIZING A FORMULA, A COMPONENT OF WHICH REQUIRES THE USE OF DISCRETION BY INDIVIDUALS DETERMINING THE AMOUNT OF BONUS AWARDED.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
17 February 2025
IRS schema version
2023v6.0
Source object
202510499349301676

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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