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Nonprofiteer
← COMMUNITY REINVESTMENT FUND INC

Form 990 for tax year 2022

Filed by COMMUNITY REINVESTMENT FUND INC.

Totals

Total revenue
$55,474,462
Total expenses
$45,512,446
Contributions and grants received
$26,484,053
Grants paid
$691,623
Program services expenses (Part IX)
$39,355,779
Management and general expenses
$5,374,360
Fundraising expenses
$782,307
Program service expenses (Part III)
$39,355,779

Program services were 86.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • FRANK ALTMAN

    CEO

    Total calculated
    $726,099
    From this org
    $701,411
    From related orgs
    $0
    Other
    $24,688
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $370,144
    Bonus
    $331,267
    Other
    $0
    Deferred
    $15,250
    Nontaxable benefits
    $9,438
    Filer's total
    $726,099

  • JENNIFER ANDERSON

    CHIEF ADMINISTRATIVE OFFICER

    Total calculated
    $563,253
    From this org
    $521,050
    From related orgs
    $0
    Other
    $42,203
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $300,000
    Bonus
    $221,050
    Other
    $0
    Deferred
    $15,250
    Nontaxable benefits
    $26,953
    Filer's total
    $563,253

  • KEITH RACHEY

    EVP CHIEF IMPACT OFFICER UNTIL 6/23

    Total calculated
    $491,870
    From this org
    $449,342
    From related orgs
    $0
    Other
    $42,528
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $270,598
    Bonus
    $178,744
    Other
    $0
    Deferred
    $15,250
    Nontaxable benefits
    $27,278
    Filer's total
    $491,870

  • NICHOLAS ELDERS

    CEO - IGNIFY

    Total calculated
    $456,748
    From this org
    $0
    From related orgs
    $388,010
    Other
    $68,738
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $300,000 related
    Bonus
    $0 + $88,010 related
    Other
    $0
    Deferred
    $0 + $47,129 related
    Nontaxable benefits
    $0 + $21,609 related
    Filer's total
    $0 + $456,748 related

  • GARY HOLMQUIST

    REGIONAL DIRECTOR OF BUSINESS DEVELOPMENT UNTIL 6/

    Total calculated
    $366,596
    From this org
    $324,437
    From related orgs
    $0
    Other
    $42,159
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $133,610
    Bonus
    $190,827
    Other
    $0
    Deferred
    $15,250
    Nontaxable benefits
    $26,909
    Filer's total
    $366,596

  • JENNIFER NOVAK

    SVP CAPITAL MARKETS

    Total calculated
    $356,338
    From this org
    $314,137
    From related orgs
    $0
    Other
    $42,201
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $243,109
    Bonus
    $71,028
    Other
    $0
    Deferred
    $15,250
    Nontaxable benefits
    $26,951
    Filer's total
    $356,338

  • ERIK SWENSON

    CHIEF OPERATING OFFICER - IGNIFY

    Total calculated
    $350,616
    From this org
    $0
    From related orgs
    $295,860
    Other
    $54,756
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $240,000 related
    Bonus
    $0 + $55,860 related
    Other
    $0
    Deferred
    $0 + $34,095 related
    Nontaxable benefits
    $0 + $20,661 related
    Filer's total
    $0 + $350,616 related

  • ERIK MAU

    CHIEF TECHNOLOGY OFFICER - IGNIFY

    Total calculated
    $349,505
    From this org
    $0
    From related orgs
    $292,920
    Other
    $56,585
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $225,000 related
    Bonus
    $0 + $67,920 related
    Other
    $0
    Deferred
    $0 + $35,329 related
    Nontaxable benefits
    $0 + $21,256 related
    Filer's total
    $0 + $349,505 related

  • JUDITH JANDRO

    SVP SMALL BUSINESS LENDING UNTIL 2/23

    Total calculated
    $327,971
    From this org
    $286,689
    From related orgs
    $0
    Other
    $41,282
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $221,592
    Bonus
    $65,097
    Other
    $0
    Deferred
    $14,334
    Nontaxable benefits
    $26,948
    Filer's total
    $327,971

  • SIMON MCNEIL

    SVP OPERATIONS UNTIL 6/23

    Total calculated
    $315,152
    From this org
    $285,157
    From related orgs
    $0
    Other
    $29,995
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $224,777
    Bonus
    $60,380
    Other
    $0
    Deferred
    $2,715
    Nontaxable benefits
    $27,280
    Filer's total
    $315,152

  • ERIC CHAPIN

    GENERAL COUNSEL

    Total calculated
    $291,145
    From this org
    $251,429
    From related orgs
    $0
    Other
    $39,716
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $194,760
    Bonus
    $56,669
    Other
    $0
    Deferred
    $12,821
    Nontaxable benefits
    $26,895
    Filer's total
    $291,145

  • PATRICK DAVIS

    SVP OF PLATFORM AND TECH SERVICES

    Total calculated
    $267,200
    From this org
    $247,868
    From related orgs
    $0
    Other
    $19,332
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $191,651
    Bonus
    $56,217
    Other
    $0
    Deferred
    $9,653
    Nontaxable benefits
    $9,679
    Filer's total
    $267,200

  • PAUL TREMEWAN

    SVP & CFO

    Total calculated
    $253,867
    From this org
    $229,626
    From related orgs
    $0
    Other
    $24,241
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $180,077
    Bonus
    $49,549
    Other
    $0
    Deferred
    $11,481
    Nontaxable benefits
    $12,760
    Filer's total
    $253,867

  • BRANDON DIXON

    CHIEF CREDIT OFFICER UNTIL 2/23

    Total calculated
    $264,276
    From this org
    $225,891
    From related orgs
    $0
    Other
    $38,385
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $181,982
    Bonus
    $43,909
    Other
    $0
    Deferred
    $11,545
    Nontaxable benefits
    $26,840
    Filer's total
    $264,276

  • ERIK O'LEARY

    PRINCIPAL ARCHITECT

    Total calculated
    $235,283
    From this org
    $217,436
    From related orgs
    $0
    Other
    $17,847
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $173,165
    Bonus
    $44,271
    Other
    $0
    Deferred
    $8,555
    Nontaxable benefits
    $9,292
    Filer's total
    $235,283

  • DEBRA MOUNSEY

    VP OF HUMAN RESOURCES UNTIL 9/22

    Total calculated
    $205,939
    From this org
    $189,859
    From related orgs
    $0
    Other
    $16,080
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $133,321
    Bonus
    $56,538
    Other
    $0
    Deferred
    $9,501
    Nontaxable benefits
    $6,579
    Filer's total
    $205,939

  • KINFE ARGAW

    SVP CHIEF CREDIT OFFICER

    Total calculated
    $216,953
    From this org
    $181,175
    From related orgs
    $0
    Other
    $35,778
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $145,723
    Bonus
    $35,452
    Other
    $0
    Deferred
    $9,059
    Nontaxable benefits
    $26,719
    Filer's total
    $216,953

  • CHARITY VICKERS

    SVP CHIEF PEOPLE OFFICER

    Total calculated
    $40,112
    From this org
    $37,593
    From related orgs
    $0
    Other
    $2,519
    Hours/week
    40

  • MATTHEW ROTH

    CEO & PRESIDENT

    Total calculated
    $0
    Hours/week
    40

  • REZA AGHAMIRZADEH

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • DANIEL SPILLER

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • STEVEN KENT

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • LAURA TRUDEAU

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • DAVID ADAME

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • RUBEN ALONSO III

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • GAVIN BOROWIAK

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • TONY BROWN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • CHRYSTEL CORNELIUS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • GARY CUNNINGHAM

    TRUSTEE UNTIL 3/23

    Total calculated
    $0
    Hours/week
    1

  • CALVIN HOLMES

    TRUSTEE UNTIL 2/23

    Total calculated
    $0
    Hours/week
    1

  • JEANNINE JACOKES

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • WILLIAM KRUGLER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • WILLIE LOGAN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • ANDY POSNER

    TRUSTEE UNTIL 6/23

    Total calculated
    $0
    Hours/week
    1

  • LUTHER RAGIN JR

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • KATHRYN ROCK

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • STEFANIE STEWARD-YOUNG

    TRUSTEE UNTIL 2/23

    Total calculated
    $0
    Hours/week
    1

  • JACQUELINE WOODS

    TRUSTEE

    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 — 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

  • 3 · Independent compensation consultant
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4c · Equity-based compensation arrangement
  • 7 · Other non-fixed payments

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 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 3
THE BOARD HAS APPROVED A COMPENSATION POLICY TO SET THE FRAMEWORK FOR EXECUTIVE AND STAFF COMPENSATION BASED ON A STUDY PERFORMED BY AN INDEPENDENT COMPENSATION CONSULTANT. THE EXECUTIVE COMMITTEE OF BOARD APPROVES COMPENSATION FOR THE CEO BASED ON A COMPENSATION STUDY. THE EXECUTIVE COMMITTEE REVIEWS A COMPENSATION STUDY FOR SENIOR EXECUTIVES. THE MOST RECENT EXECUTIVE COMPENSATION STUDY WAS COMPLETED DURING FISCAL YEAR 2017. THE CEO APPROVES COMPENSATION FOR OTHER EXECUTIVE OFFICERS IN ACCORDANCE WITH THE COMPENSATION POLICY. COMPENSATION DECISIONS ARE DOCUMENTED WITH THE HUMAN RESOURCES DEPARTMENT. HUMAN RESOURCES WORKED WITH THE CEO, PRESIDENT AND A THIRD PARTY CONSULTANT TO BENCHMARK EMPLOYEE COMPENSATION TO INDUSTRY STANDARDS DURING FISCAL YEAR 2022.
PART I, LINE 4C
NAME: NICK ELDERS, DESCRIPTION: STOCK OPTION COMPENSATION, CURRENT YEAR AMOUNT: $33,377. PLAN DESCRIPTION: STOCK OPTIONS FOR IGNIFY TECHNOLOGIES, INC. NAME: ERIK SWENSON, DESCRIPTION: STOCK OPTION COMPENSATION, CURRENT YEAR AMOUNT: $25,033. PLAN DESCRIPTION: STOCK OPTIONS FOR IGNIFY TECHNOLOGIES, INC. NAME: ERIK MAU, DESCRIPTION: STOCK OPTION COMPENSATION, CURRENT YEAR AMOUNT: $25,033. PLAN DESCRIPTION: STOCK OPTIONS FOR IGNIFY TECHNOLOGIES, INC.
PART I, LINE 7
CRF PAYS COMMISSIONS TO CERTAIN EMPLOYEES, WHICH MAY INCLUDE SOME HIGHLY COMPENSATED INDIVIDUALS LISTED ON FORM 990, PART VII. ADDITIONALLY CRF PAYS INCENTIVE COMPENSATION TO MANAGEMENT AND STAFF IN ACCORDANCE WITH IS COMPENSATION PLAN, WHICH MAY INCLUDE SOME HIGHLY COMPENSATED INDIVIDUALS LISTED ON FORM 990, PART VII.

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

The 10 largest by cash amount. The API serves every itemized grant.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2022
Filed
29 January 2024
IRS schema version
2022v5.0
Source object
202430369349300688

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

The source document this was parsed from is served over the API, which is where bulk and document access live.