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Nonprofiteer
← REINVESTMENT FUND INC

Form 990 for tax year 2023

Filed by REINVESTMENT FUND INC.

Totals

Total revenue
$78,044,764
Total expenses
$51,306,065
Contributions and grants received
$38,276,469
Grants paid
$15,057,654
Program service revenue
$35,403,711
Investment income
$2,527,001
Other revenue
$1,837,583
Total assets, end of year
$669,610,468
Total liabilities, end of year
$392,712,663
Net assets or fund balances, end of year
$276,897,805
Program services expenses (Part IX)
$39,837,108
Management and general expenses
$11,174,662
Fundraising expenses
$294,295
Program service expenses (Part III)
$39,837,108

Program services were 77.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $19,799,314

  • 1f · All other contributions, gifts and grants

    $18,477,155

  • 2a · Program service revenue: INTEREST

    total $31,312,868 · related or exempt $31,312,868

  • 2b · Program service revenue: FEE INCOME

    total $2,773,915 · related or exempt $2,773,915

  • 2c · Program service revenue: ASSET MANAGEMENT FEES

    total $889,270 · related or exempt $889,270

  • 2d · Program service revenue: LOAN & LEASE FEES

    total $427,658 · related or exempt $427,658

  • 3 · Investment income

    total $2,691,477 · excluded $2,691,477

  • 7a · Gross sales of assets other than inventory

    securities $4,870,770

  • 7b · Less cost or other basis and sales expenses

    securities $5,035,246

  • 7c · Gain or loss

    securities -$164,476

  • 7d · Net gain or loss

    total -$164,476 · related or exempt -$164,476

  • 11a · Other revenue: FORGIVENESS OF DEBT

    total $885,057 · related or exempt $885,057

  • 11b · Other revenue: GAINS FROM INVESTMENTS

    total $814,167 · related or exempt $814,167

  • 11c · Other revenue: PARTNERSHIP GAINS

    total $101,088 · related or exempt $101,088

  • 11d · All other revenue

    total $37,271 · related or exempt $37,271

  • 11e · Other revenue, total

    $1,837,583

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $15,057,654 · program services $15,057,654

  • 5 · Compensation of officers, directors and key employees

    total $3,332,399 · program services $1,814,265 · management and general $1,518,134

  • 7 · Other salaries and wages

    total $8,204,578 · program services $4,985,595 · management and general $3,070,408 · fundraising $148,575

  • 8 · Pension plan contributions

    total $780,670 · program services $410,293 · management and general $370,377

  • 9 · Other employee benefits

    total $2,071,211 · program services $1,221,420 · management and general $812,647 · fundraising $37,144

  • 10 · Payroll taxes

    total $861,973 · program services $467,164 · management and general $394,809

  • 11b · Fees: legal

    total $89,195 · program services $28,826 · management and general $60,369

  • 11c · Fees: accounting

    total $363,390 · program services $28,020 · management and general $335,370

  • 11d · Fees: lobbying

    total $204,000 · program services $204,000

  • 11e · Fees: professional fundraising services

    total $108,576 · fundraising $108,576

  • 11g · Fees: other

    total $3,446,319 · program services $1,967,805 · management and general $1,478,514

  • 12 · Advertising and promotion

    total $89,591 · program services $25,794 · management and general $63,797

  • 13 · Office expenses

    total $363,293 · program services $133,980 · management and general $229,313

  • 14 · Information technology

    total $1,234,906 · program services $370,728 · management and general $864,178

  • 16 · Occupancy

    total $651,795 · program services $387,250 · management and general $264,545

  • 17 · Travel

    total $180,822 · program services $107,274 · management and general $73,548

  • 19 · Conferences, conventions and meetings

    total $516,182 · program services $156,384 · management and general $359,798

  • 20 · Interest

    total $11,395,372 · program services $11,395,372

  • 22 · Depreciation, depletion and amortization

    total $133,006 · program services $78,127 · management and general $54,879

  • 23 · Insurance

    total $233,638 · program services $137,944 · management and general $95,694

  • 24a · Other expenses: TEMPORARY HELP

    total $823,821 · program services $42,506 · management and general $781,315

  • 24b · Other expenses: PROVISION FOR LOAN LOSS

    total $438,854 · program services $438,854 · management and general $0

  • 24c · Other expenses: STAFF DEVELOPMENT/RECRU

    total $382,677 · program services $45,010 · management and general $337,667

  • 24d · Other expenses: LOANS RELATED EXPENSE

    total $278,694 · program services $278,694 · management and general $0

  • 24e · All other expenses

    total $63,449 · program services $54,149 · management and general $9,300

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $71,180,112 · end of year $99,975,973

  • 3 · Pledges and grants receivable

    beginning of year $3,328,058 · end of year $3,905,444

  • 4 · Accounts receivable

    beginning of year $8,623,799 · end of year $6,338,579

  • 7 · Other notes and loans receivable

    beginning of year $444,382,225 · end of year $489,071,835

  • 9 · Prepaid expenses and deferred charges

    beginning of year $913,172 · end of year $734,532

  • 10a · Land, buildings and equipment: cost or other basis

    $3,143,645

  • 10b · Land, buildings and equipment: accumulated depreciation

    $2,337,600

  • 10c · Land, buildings and equipment, net

    beginning of year $335,245 · end of year $806,045

  • 11 · Investments: publicly traded securities

    beginning of year $72,637,189 · end of year $56,575,073

  • 13 · Investments: program-related

    beginning of year $279,210 · end of year $6,104,727

  • 14 · Intangible assets

    beginning of year $1,503,050 · end of year $1,474,238

  • 15 · Other assets

    beginning of year $6,538,257 · end of year $4,624,022

  • 17 · Accounts payable and accrued expenses

    beginning of year $4,714,404 · end of year $3,265,290

  • 19 · Deferred revenue

    beginning of year $8,778,776 · end of year $9,072,564

  • 21 · Escrow or custodial account liability

    beginning of year $3,033,587 · end of year $2,892,664

  • 23 · Secured mortgages and notes payable

    beginning of year $115,229,821 · end of year $105,511,325

  • 24 · Unsecured notes and loans payable

    beginning of year $231,365,990 · end of year $266,168,894

  • 25 · Other liabilities

    beginning of year $2,130,899 · end of year $5,801,926

  • 27 · Net assets without donor restrictions

    beginning of year $136,205,929 · end of year $158,438,573

  • 28 · Net assets with donor restrictions

    beginning of year $108,260,911 · end of year $118,459,232

Mission and programs · 2023

Mission

THE REINVESTMENT FUND, INC. CREATES OPPORTUNITY FOR UNDERSERVED PEOPLE AND PLACES THROUGH PARTNERSHIPS. IT MARSHALS THE CAPITAL, ANALYTICS, AND EXPERTISE NECESSARY TO BUILD STRONG, HEALTHY, AND MORE EQUITABLE COMMUNITIES.

  • LENDING: ENCOMPASSES THE ORGANIZATION'S FINANCING OF HOMES, SCHOOLS, HEALTHY FOOD RETAIL, HEALTHCARE AND OTHER PROJECTS THAT BENEFIT LOW-WEALTH PEOPLE AND PLACES AND IS THE CORE LENDING FUNCTION OF THE ORGANIZATION.

    Expenses $18,915,079 · Grants $99,875 · Revenue $33,174,421

  • POLICY SOLUTIONS: CONDUCTS POLICY, DATA ANALYSIS AND SOCIAL IMPACT ANALYSES THAT ADVANCE REINVESTMENT FUND, INC.'S MISSION AND EFFECT SYSTEM CHANGE, ON BEHALF OF REINVESTMENT FUND, INC. AS WELL AS PUBLIC AND PHILANTHROPIC CLIENTS.

    Expenses $2,528,103 · Revenue $1,857,340

  • CAPACITY BUILDING & CAPITAL ACCESS: USES GRANTS AND TECHNICAL ASSISTANCE TO MAKE ACCESS TO CAPITAL MORE EQUITABLE FOR LOW-WEALTH INDIVIDUALS AND COMMUNITIES, PARTICULARLY IN THE AREAS OF EARLY CHILDHOOD EDUCATION, FOOD AND SOCIAL DETERMINANTS OF HEALTH.

    Expenses $18,739,207 · Grants $14,957,779 · Revenue $470,389

  • SUSTAINABLE DEVELOPMENT FUND ("SDF"): REPRESENTS AN ENERGY-RELATED FUND THAT USES LOANS, INVESTMENTS AND GRANTS TO AUGMENT THE ORGANIZATION'S EXISTING ENERGY CONSERVATION AND COMMUNITY INVESTING EFFORTS. SDF WAS CREATED BY THE PARTIES TO THE PECO ENERGY COMPANY ("PECO ENERGY") RESTRUCTURING AND APPROVED BY THE PENNSYLVANIA PUBLIC UTILITY COMMISSION ("PUC") IN MAY 1998.

    Expenses -$345,281 · Revenue $57,650

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Saul Behar

    BOARD CHAIR, COMPENSATION COMMITTEE

    Total calculated
    $0
    Hours/week
    3 + 1 related

  • Cynthia Figueroa

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1.5

  • Daniel Hayes

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Dudley Benoit

    BOARD MEMBER, FINANCE COMMITTEE CHAIR

    Total calculated
    $0
    Hours/week
    1.5

  • Ivy Carter-Dench

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1.5

  • Kathy O'Regan

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1.5

  • Lisa Detweiler

    BOARD MEMBER, AUDIT COMMITTEE CHAIR

    Total calculated
    $0
    Hours/week
    1 + 0.5 related

  • Marland Buckner

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1.5

  • Melissa Weiler Gerber

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1.5

  • Michael Davis

    BOARD MEMBER, GOVERNANCE COMMITTEE CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Phyllis Cater

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1.5 + 0.5 related

  • Raquel Favela

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1.5

  • Raymond Skinner

    BOARD MEMBER, LOAN COMMITTEE CHAIR

    Total calculated
    $0
    Hours/week
    1.5

  • Sandeep Wadhwa

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1.5 + 0.5 related

  • Vicki Lundy-Wilbon

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1.5

  • Wendell Pritchett

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1.5

  • Amanda High

    CHIEF STRATEGY OFFICER

    Total calculated
    $391,555
    From this org
    $356,736
    From related orgs
    $0
    Other
    $34,819
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $276,970
    Bonus
    $67,100
    Other
    $12,666
    Deferred
    $19,800
    Nontaxable benefits
    $15,019
    Filer's total
    $391,555

  • Cheila Fernandez

    COO & CORPORATE SECRETARY

    Total calculated
    $422,327
    From this org
    $337,321
    From related orgs
    $0
    Other
    $85,006
    Hours/week
    37.5 + 2 related

    Schedule J breakdown matched by us

    Base
    $270,044
    Bonus
    $65,625
    Other
    $1,652
    Deferred
    $61,012
    Nontaxable benefits
    $23,994
    Filer's total
    $422,327

  • Donald Hinkle-Brown

    PRESIDENT & CEO

    Total calculated
    $706,151
    From this org
    $644,076
    From related orgs
    $0
    Other
    $62,075
    Hours/week
    37.5 + 1 related

    Schedule J breakdown matched by us

    Base
    $456,219
    Bonus
    $141,017
    Other
    $46,840
    Deferred
    $32,978
    Nontaxable benefits
    $29,097
    Filer's total
    $706,151

  • Michael M Crist

    OUTGOING-CFO

    Total calculated
    $297,748
    From this org
    $261,574
    From related orgs
    $0
    Other
    $36,174
    Hours/week
    37.5 + 1 related

    Schedule J breakdown matched by us

    Base
    $128,379
    Bonus
    $78,360
    Other
    $54,835
    Deferred
    $16,219
    Nontaxable benefits
    $19,955
    Filer's total
    $297,748

  • Nancy Wagner-Hislip

    OUTGOING-CHIEF INVESTMENT OFFICER

    Total calculated
    $339,922
    From this org
    $296,894
    From related orgs
    $0
    Other
    $43,028
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $182,047
    Bonus
    $67,100
    Other
    $47,747
    Deferred
    $18,164
    Nontaxable benefits
    $24,864
    Filer's total
    $339,922

  • Rhonda Smith

    ASSISTANT CORPORATE SECRETARY

    Total calculated
    $163,869
    From this org
    $127,264
    From related orgs
    $0
    Other
    $36,605
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $84,809
    Bonus
    $12,103
    Other
    $30,352
    Deferred
    $7,972
    Nontaxable benefits
    $28,633
    Filer's total
    $163,869

  • Christina Szczepanski

    PRESIDENT, LENDING & INVESTMENTS

    Total calculated
    $398,377
    From this org
    $348,716
    From related orgs
    $0
    Other
    $49,661
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $258,944
    Bonus
    $26,500
    Other
    $63,272
    Deferred
    $19,800
    Nontaxable benefits
    $29,861
    Filer's total
    $398,377

  • Kareem Thomas

    CHIEF CREDIT OFFICER

    Total calculated
    $339,641
    From this org
    $254,399
    From related orgs
    $0
    Other
    $85,242
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $228,742
    Bonus
    $24,750
    Other
    $907
    Deferred
    $46,748
    Nontaxable benefits
    $38,494
    Filer's total
    $339,641

  • Sara Vernon Sterman

    CHIEF PROGRAMS OFFICER

    Total calculated
    $272,809
    From this org
    $253,399
    From related orgs
    $0
    Other
    $19,410
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $194,562
    Bonus
    $47,250
    Other
    $11,587
    Deferred
    $15,437
    Nontaxable benefits
    $3,973
    Filer's total
    $272,809

  • Emily Dowdall

    PRESIDENT, POLICY SOLUTIONS

    Total calculated
    $260,976
    From this org
    $220,241
    From related orgs
    $0
    Other
    $40,735
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $163,644
    Bonus
    $25,929
    Other
    $30,668
    Deferred
    $13,690
    Nontaxable benefits
    $27,045
    Filer's total
    $260,976

  • Timothy Gillespie

    TREASURER

    Total calculated
    $279,970
    From this org
    $223,598
    From related orgs
    $0
    Other
    $56,372
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $171,295
    Bonus
    $20,982
    Other
    $31,321
    Deferred
    $14,217
    Nontaxable benefits
    $42,155
    Filer's total
    $279,970

  • Ira Goldstein

    SENIOR ADVISOR, POLICY SOLUTIONS

    Total calculated
    $395,634
    From this org
    $352,585
    From related orgs
    $0
    Other
    $43,049
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $233,628
    Bonus
    $55,697
    Other
    $63,260
    Deferred
    $19,800
    Nontaxable benefits
    $23,249
    Filer's total
    $395,634

  • Tracy Murray Moore

    CHIEF HUMAN RESOURCES OFFICER

    Total calculated
    $349,113
    From this org
    $279,248
    From related orgs
    $0
    Other
    $69,865
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $223,291
    Bonus
    $53,534
    Other
    $2,423
    Deferred
    $58,060
    Nontaxable benefits
    $11,805
    Filer's total
    $349,113

  • Tracy Petrofsky

    SENIOR DIRECTOR, OPERATIONS STRATEGIC PRIORITIES

    Total calculated
    $273,375
    From this org
    $252,599
    From related orgs
    $0
    Other
    $20,776
    Hours/week
    22.5

    Schedule J breakdown matched by us

    Base
    $191,433
    Bonus
    $29,812
    Other
    $31,354
    Deferred
    $15,261
    Nontaxable benefits
    $5,515
    Filer's total
    $273,375

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

  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4b · Supplemental nonqualified retirement plan
  • 7 · Other non-fixed payments

Answered no

  • 4a · Severance or change-of-control payment
  • 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 4B
THE REINVESTMENT FUND, INC. HAS ESTABLISHED A DEFERRED COMPENSATION PLAN UNDER SECTION 457(F) FOR A SELECT GROUP OF MANAGEMENT AND HIGHLY COMPENSATED EMPLOYEES OF TRF. THE AMOUNT OF A PARTICIPANT'S EMPLOYER CONTRIBUTION, AND THE DATE ON WHICH THE EMPLOYER CONTRIBUTION IS CONTRIBUTED AND CREDITED TO HIS OR HER ACCOUNT, WILL BE SET FORTH IN THE CONTRIBUTION NOTICE FOR THAT PLAN YEAR. ALL ACCRUED DEFERRED COMPENSATION SHALL VEST AND BE PAYABLE (I) ON THE DATE THE PARTICIPANT ATTAINS NORMAL RETIREMENT AGE, PROVIDED THAT THE PARTICIPANT CONTINUES TO BE AN EMPLOYEE ON THAT DATE, (II) AFTER SEVERANCE OF EMPLOYMENT DUE TO PARTICIPANT'S DISABILITY OR TERMINATION BY TRF WITHOUT CAUSE, OR (III) IN ACCORDANCE WITH THE VESTING SCHEDULE SET FORTH IN THE CONTRIBUTION NOTICE PROVIDED TO THE PARTICIPANT FOR THAT EMPLOYER CONTRIBUTION. THE FOLLOWING AMOUNTS VESTED IN 2023 AND ARE REPORTED IN PART II, COLUMN (B)(III): IRA GOLDSTEIN $61,055 TRACY PETROFSKY $30,603 TIMOTHY GILLESPIE $30,603 CHRISTINA SZCZEPANSKI $61,206. THE FOLLOWING AMOUNT WAS CONTRIBUTED TO THE 457(F) PLAN IN 2023 AND IS REPORTED IN PART II, COLUMN (C): DONALD HINKLE-BROWN $35,000 A 457(F) PARTICIPANT WILL FORFEIT THE PORTION OF HIS OR HER ACCOUNT THAT IS NOT VESTED AS OF THE DATE HE OR SHE INCURS A SEVERANCE FROM EMPLOYMENT WITH REINVESTMENT FUND.
PART I, LINE 7
THE COMPENSATION COMMITTEE, ESTABLISHED BY THE EXECUTIVE COMMITTEE OF THE RF BOARD, APPROVED THE THREE TIERS OF THE DISCRETIONARY BONUS POOL THAT WERE AWARDED BY MANAGERS' RECOMMENDATION AND CEO APPROVAL. THE COMMITTEE ALSO REVIEWED AND CONCURRED WITH THE INCENTIVE COMPENSATION AWARDS RECOMMENDED BY THE CEO FOR THE SENIOR MANAGEMENT TEAM IN THE HIGHEST PERFORMANCE TIER IN ACCORDANCE WITH THEIR DUTIES UNDER IRS INTERMEDIATE SANCTIONS. FURTHER, THE COMPENSATION COMMITTEE ALSO APPROVED A 2023 BONUS FOR THE CEO, WHICH WAS DETERMINED BY THE COMMITTEE INDEPENDENTLY OF THE CEO. THESE COMPENSATION DECISIONS WERE ALSO REVIEWED WITH THE ENTIRE BOARD MEMBERSHIP.

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

  • LITTLE PEOPLE'S VILLAGE II LLC

    $307,830

    FUNDING TO CHILD CARE PROVIDERS

  • PROMISE & POSSIBILITIES LEARNING ACADEMY LLC

    $300,000

    FUNDING TO CHILD CARE PROVIDERS

  • ASBURY COMMUNITY DEVELOPMENT CORPORATION

    $200,000

    FUNDING TO EXPAND OR PRESERVE THE AVAILABILITY OF STAPLE AND PERISHABLE FOODS IN UNDERSERVED AREAS WITH LOW AND MODERATE INCOME POPULATIONS BY MAINTAINING OR INCREASING THE NUMBER OF RETAIL OUTLETS THAT OFFER AN ASSORTMENT OF PERISHABLE AND STAPLE FOODS IN THOSE AREAS

  • BLUE NOTE JUNCTION LLC

    $200,000

    FUNDING TO EXPAND OR PRESERVE THE AVAILABILITY OF STAPLE AND PERISHABLE FOODS IN UNDERSERVED AREAS WITH LOW AND MODERATE INCOME POPULATIONS BY MAINTAINING OR INCREASING THE NUMBER OF RETAIL OUTLETS THAT OFFER AN ASSORTMENT OF PERISHABLE AND STAPLE FOODS IN THOSE AREAS

  • RAINIER BEACH COMMUNITY EMPOWERMENT COALITION

    $200,000

    FUNDING TO EXPAND OR PRESERVE THE AVAILABILITY OF STAPLE AND PERISHABLE FOODS IN UNDERSERVED AREAS WITH LOW AND MODERATE INCOME POPULATIONS BY MAINTAINING OR INCREASING THE NUMBER OF RETAIL OUTLETS THAT OFFER AN ASSORTMENT OF PERISHABLE AND STAPLE FOODS IN THOSE AREAS

  • SALEM'S MARKET CENTRE AVE LLC

    $200,000

    FUNDING TO EXPAND OR PRESERVE THE AVAILABILITY OF STAPLE AND PERISHABLE FOODS IN UNDERSERVED AREAS WITH LOW AND MODERATE INCOME POPULATIONS BY MAINTAINING OR INCREASING THE NUMBER OF RETAIL OUTLETS THAT OFFER AN ASSORTMENT OF PERISHABLE AND STAPLE FOODS IN THOSE AREAS

  • CAPITAL ROOTS INC

    $200,000

    FUNDING TO EXPAND OR PRESERVE THE AVAILABILITY OF STAPLE AND PERISHABLE FOODS IN UNDERSERVED AREAS WITH LOW AND MODERATE INCOME POPULATIONS BY MAINTAINING OR INCREASING THE NUMBER OF RETAIL OUTLETS THAT OFFER AN ASSORTMENT OF PERISHABLE AND STAPLE FOODS IN THOSE AREAS

  • DEVELOP DETROIT INC

    $200,000

    FUNDING TO EXPAND OR PRESERVE THE AVAILABILITY OF STAPLE AND PERISHABLE FOODS IN UNDERSERVED AREAS WITH LOW AND MODERATE INCOME POPULATIONS BY MAINTAINING OR INCREASING THE NUMBER OF RETAIL OUTLETS THAT OFFER AN ASSORTMENT OF PERISHABLE AND STAPLE FOODS IN THOSE AREAS

  • EAST LANSING FOOD CO-OPERATIVE INC

    $200,000

    FUNDING TO EXPAND OR PRESERVE THE AVAILABILITY OF STAPLE AND PERISHABLE FOODS IN UNDERSERVED AREAS WITH LOW AND MODERATE INCOME POPULATIONS BY MAINTAINING OR INCREASING THE NUMBER OF RETAIL OUTLETS THAT OFFER AN ASSORTMENT OF PERISHABLE AND STAPLE FOODS IN THOSE AREAS

  • FIRST GREEN LLC

    $200,000

    FUNDING TO EXPAND OR PRESERVE THE AVAILABILITY OF STAPLE AND PERISHABLE FOODS IN UNDERSERVED AREAS WITH LOW AND MODERATE INCOME POPULATIONS BY MAINTAINING OR INCREASING THE NUMBER OF RETAIL OUTLETS THAT OFFER AN ASSORTMENT OF PERISHABLE AND STAPLE FOODS IN THOSE AREAS

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.

  • COLLABORATIVE LENDING INITIATIVE INC

    501(C)(3) · LENDING AND COMMUNITY INVESTING · PA · controlled entity

    Directly controlled by THE REINVESTMENT FUND INC

  • TRF ENTERPRISE FUND INC

    501(C)(3) · LENDING AND COMMUNITY INVESTING · PA · controlled entity

    Directly controlled by THE REINVESTMENT FUND INC

  • TRF PRIVATE EQUITY INC

    501(C)(3) · PRIVATE EQUITY · PA · controlled entity

    Directly controlled by THE REINVESTMENT FUND INC

  • RF IMPACT ADVISERS INC

    501(C)(4) · LENDING AND COMMUNITY INVESTING · PA · controlled entity

    Directly controlled by THE REINVESTMENT FUND INC

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • TRF EDUCATION FUNDING LLC

    INVESTMENT IN CHARTER SCHOOL FINANCING · DE · income $7,183 · assets $263,694

    Directly controlled by THE REINVESTMENT FUND INC

  • TRF NMTC FUND LLC

    INVESTMENT IN NMTC PARTNERSHIPS · DE · income -$320 · assets $74,404

    Directly controlled by THE REINVESTMENT FUND INC

  • RF CLEAN ENERGY FUND I LLC

    INVESTMENT IN CLEAN ENERGY · PA · income $434,043 · assets $6,321,687

    Directly controlled by THE REINVESTMENT FUND INC

  • REINVESTMENT I LLC

    OREO · PA · income $0 · assets $0

    Directly controlled by THE REINVESTMENT FUND INC

  • REINVESTMENT III LLC

    OREO · PA · income $0 · assets $0

    Directly controlled by THE REINVESTMENT FUND INC

  • REINVESTMENT IV LLC

    OREO · PA · income $0 · assets $0

    Directly controlled by THE REINVESTMENT FUND INC

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • OH BEL-AIR PARTNERS LP

    RELATED · REDEVELOPMENT ACTIVITIES INCLUDING RENTAL · PA · 80.25% owned · share of income -$33,154 · share of assets $723,481

  • OH CHELTEN PARTNERS LP

    RELATED · REDEVELOPMENT ACTIVITIES INCLUDING RENTAL · PA · 80.25% owned · share of income -$55,575 · share of assets $549,651

  • TRF NMTC FUND XXXV LP

    RELATED · REDEVELOPMENT ACTIVITIES · PA · 0.01% owned · share of income $2 · general or managing partner

    Directly controlled by TRF NMTC FUND LLC

  • TRF NMTC FUND XLII LP

    RELATED · REDEVELOPMENT ACTIVITIES · PA · 0.01% owned · share of income $12 · share of assets $651 · general or managing partner

    Directly controlled by TRF NMTC FUND LLC

  • TRF NMTC FUND XLIII LP

    RELATED · REDEVELOPMENT ACTIVITIES · PA · 0.01% owned · share of income $4 · share of assets $799 · general or managing partner

    Directly controlled by TRF NMTC FUND LLC

  • TRF NMTC FUND XLIV LP

    RELATED · REDEVELOPMENT ACTIVITIES · PA · 0.01% owned · share of income $5 · share of assets $800 · general or managing partner

    Directly controlled by TRF NMTC FUND LLC

  • TRF NMTC FUND XLV LP

    RELATED · REDEVELOPMENT ACTIVITIES · PA · 0.01% owned · share of income $6 · share of assets $851 · general or managing partner

    Directly controlled by TRF NMTC FUND LLC

  • TRF NMTC FUND XLVII LP

    RELATED · REDEVELOPMENT ACTIVITIES · PA · 0.01% owned · share of income $9 · share of assets $1,501 · general or managing partner

    Directly controlled by TRF NMTC FUND LLC

  • TRF NMTC FUND XLVIII LP

    RELATED · REDEVELOPMENT ACTIVITIES · PA · 0.01% owned · share of income $15 · share of assets $201 · general or managing partner

    Directly controlled by TRF NMTC FUND LLC

  • TRF NMTC FUND XLIX LP

    RELATED · REDEVELOPMENT ACTIVITIES · PA · 0.01% owned · share of income $6 · share of assets $851 · general or managing partner

    Directly controlled by TRF NMTC FUND LLC

  • TRF NMTC FUND L

    RELATED · REDEVELOPMENT ACTIVITIES · PA · 0.01% owned · share of income $11 · share of assets $802 · general or managing partner

    Directly controlled by TRF NMTC FUND LLC

  • DOMESTIC SMALL CAP PAY FOR SUCCESS FUND I LP - CLASS A

    RELATED · LOAN ADMINISTRATION · PA · 1.58% owned · share of income $771 · share of assets $24,492 · general or managing partner

    Directly controlled by RF IMPACT ADVISERS INC

  • DOMESTIC SMALL CAP PAY FOR SUCCESS FUND I LP - CLASS B

    RELATED · LOAN ADMINISTRATION · PA · 14.31% owned · share of income -$24,127 · share of assets $222,185 · general or managing partner

    Directly controlled by RF IMPACT ADVISERS INC

  • CDFI COALITION REVOLVING FUND LLC

    RELATED · LOAN ADMINISTRATION · GA · 20% owned · share of income -$818 · share of assets $812,122 · general or managing partner

  • RFIA IMPACT ACCELERATOR BRIDGE LOAN FUND I LLC

    RELATED · LOAN ADMINISTRATION · PA · 25.25% owned · share of income $229,439 · share of assets $1,162,754 · general or managing partner

    Directly controlled by RF IMPACT ADVISERS INC

  • TRF NMTC FUND 51 LP

    RELATED · REDEVELOPMENT ACTIVITIES · PA · 0.01% owned · share of income $15 · share of assets $352 · general or managing partner

    Directly controlled by TRF NMTC FUND LLC

  • TRF NMTC FUND 52 LP

    RELATED · REDEVELOPMENT ACTIVITIES · PA · 0.01% owned · share of income $29 · share of assets $1,207 · general or managing partner

    Directly controlled by TRF NMTC FUND LLC

  • TRF NMTC FUND 53 LP

    RELATED · REDEVELOPMENT ACTIVITIES · PA · 0.01% owned · share of income $4 · share of assets $501 · general or managing partner

    Directly controlled by TRF NMTC FUND LLC

  • TRF NMTC FUND 54 LP

    RELATED · REDEVELOPMENT ACTIVITIES · PA · 0.01% owned · share of income $8 · share of assets $1,001 · general or managing partner

    Directly controlled by TRF NMTC FUND LLC

  • TRF NMTC FUND 55 LP

    RELATED · REDEVELOPMENT ACTIVITIES · PA · 0.01% owned · share of income $16 · share of assets $851 · general or managing partner

    Directly controlled by TRF NMTC FUND LLC

  • TRF NMTC FUND 56 LP

    RELATED · REDEVELOPMENT ACTIVITIES · PA · 0.01% owned · share of income $8 · share of assets $450 · general or managing partner

    Directly controlled by TRF NMTC FUND LLC

  • TRF NMTC FUND 57 LP

    RELATED · REDEVELOPMENT ACTIVITIES · PA · 0.01% owned · share of income $5 · share of assets $800 · general or managing partner

    Directly controlled by TRF NMTC FUND LLC

  • TRF NMTC FUND 58 LP

    RELATED · REDEVELOPMENT ACTIVITIES · PA · 0.01% owned · share of income $11 · share of assets $801 · general or managing partner

    Directly controlled by TRF NMTC FUND LLC

  • TRF NMTC FUND 59 LP

    RELATED · REDEVELOPMENT ACTIVITIES · PA · 0.01% owned · share of income $12 · share of assets $801 · general or managing partner

    Directly controlled by TRF NMTC FUND LLC

  • TRF NMTC FUND 60 LP

    RELATED · REDEVELOPMENT ACTIVITIES · PA · 0.01% owned · share of income $4 · share of assets $525 · general or managing partner

    Directly controlled by TRF NMTC FUND LLC

  • TRF NMTC FUND 61 LP

    RELATED · REDEVELOPMENT ACTIVITIES · PA · 0.01% owned · share of income $5 · share of assets $801 · general or managing partner

    Directly controlled by TRF NMTC FUND LLC

  • TRF NMTC FUND 62 LP

    RELATED · REDEVELOPMENT ACTIVITIES · PA · 0.01% owned · share of income $5 · share of assets $601 · general or managing partner

    Directly controlled by TRF NMTC FUND LLC

  • TRF NMTC FUND 63 LP

    RELATED · REDEVELOPMENT ACTIVITIES · PA · 0.01% owned · share of income $1 · share of assets $300 · general or managing partner

    Directly controlled by TRF NMTC FUND LLC

  • TRF NMTC FUND 64 LP

    RELATED · REDEVELOPMENT ACTIVITIES · PA · 0.01% owned · share of income $5 · share of assets $775 · general or managing partner

    Directly controlled by TRF NMTC FUND LLC

  • SPRING GARDEN CAPITAL GROUP LLC

    RELATED · LOAN ADMINISTRATION · PA · 0.5% owned · share of income $349,151 · share of assets $5,000,000

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • POLICYMAP INC

    C · ON-LINE DATA ANALYSIS AND MAPPING TOOL THAT PROVIDES BROAD ACCESS TO DATA · PA · 86.89% owned · share of income -$1,129,851 · share of assets $3,203,293 · controlled entity

    Directly controlled by THE REINVESTMENT FUND INC

  • TRF NMTC FUND XLI LP

    C · REDEVELOPMENT ACTIVITIES · PA · 0.01% owned · share of income $3 · share of assets $801

    Directly controlled by TRF NMTC FUND LLC

  • TRF NMTC FUND XL LP

    C · REDEVELOPMENT ACTIVITIES · PA · 0.01% owned · share of income $3 · share of assets $551

    Directly controlled by TRF NMTC FUND LLC

  • TRF NMTC FUND XLVI LP

    C · REDEVELOPMENT ACTIVITIES · PA · 0.01% owned · share of income $3 · share of assets $851

    Directly controlled by TRF NMTC FUND LLC

Provenance

Return type
form_990
Tax year
2023
Filed
10 October 2024
IRS schema version
2023v5.1
Source object
202432859349301633

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