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Nonprofiteer
← THE DISABILITY FUND INC

Form 990 for tax year 2025

Filed by THE DISABILITY FUND INC.

Totals

Total revenue
$8,713,097
Total expenses
$7,807,970
Contributions and grants received
$5,264,193
Grants paid
$2,171,843
Program service revenue
$1,492,585
Investment income
$1,946,319
Other revenue
$10,000
Total assets, end of year
$65,972,956
Total liabilities, end of year
$48,306,623
Net assets or fund balances, end of year
$17,666,333
Program services expenses (Part IX)
$7,454,248
Management and general expenses
$222,425
Fundraising expenses
$131,297
Program service expenses (Part III)
$7,454,248

Program services were 95.5% 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)

    $5,017,678

  • 1f · All other contributions, gifts and grants

    $246,515

  • 2a · Program service revenue: LOAN FEES & RELATED INTEREST

    total $1,492,585 · related or exempt $1,492,585

  • 3 · Investment income

    total $507,238 · excluded $507,238

  • 7a · Gross sales of assets other than inventory

    securities $8,419,328

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

    securities $6,980,247

  • 7c · Gain or loss

    securities $1,439,081

  • 7d · Net gain or loss

    total $1,439,081 · excluded $1,439,081

  • 11a · Other revenue: MISCELLANEOUS REVENUE

    total $10,000 · excluded $10,000

  • 11e · Other revenue, total

    $10,000

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $2,037,902 · program services $2,037,902

  • 3 · Grants to foreign organizations and individuals

    total $133,941 · program services $133,941

  • 5 · Compensation of officers, directors and key employees

    total $510,903 · program services $408,710 · management and general $51,097 · fundraising $51,096

  • 10 · Payroll taxes

    total $19,666 · program services $14,987 · management and general $2,913 · fundraising $1,766

  • 11a · Fees: management

    total $725,000 · program services $580,000 · management and general $72,500 · fundraising $72,500

  • 11b · Fees: legal

    total $378,125 · program services $377,625 · management and general $500

  • 11c · Fees: accounting

    total $83,819 · program services $4,113 · management and general $79,706

  • 11g · Fees: other

    total $49,632 · program services $49,632

  • 13 · Office expenses

    total $86,173 · program services $82,682 · management and general $1,664 · fundraising $1,827

  • 14 · Information technology

    total $17,803 · program services $17,150 · management and general $325 · fundraising $328

  • 16 · Occupancy

    total $1,843 · program services $1,843

  • 17 · Travel

    total $34,494 · program services $34,255 · management and general $110 · fundraising $129

  • 19 · Conferences, conventions and meetings

    total $17,413 · program services $13,271 · management and general $491 · fundraising $3,651

  • 20 · Interest

    total $1,189,750 · program services $1,189,750

  • 23 · Insurance

    total $14,879 · program services $1,760 · management and general $13,119

  • 24a · Other expenses: LOAN FORGIVENESS

    total $1,570,316 · program services $1,570,316

  • 24b · Other expenses: PROVISION FOR CREDIT LO

    total $892,181 · program services $892,181

  • 24c · Other expenses: MEMBERSHIP FEES

    total $44,130 · program services $44,130

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,372,313 · end of year $4,602,998

  • 2 · Savings and temporary cash investments

    beginning of year $9,247,806 · end of year $4,248,456

  • 3 · Pledges and grants receivable

    beginning of year $23,924 · end of year $13,000

  • 4 · Accounts receivable

    beginning of year $0 · end of year $329

  • 5 · Loans and receivables from officers and key people

    beginning of year $4,000,087 · end of year $5,627,787

  • 9 · Prepaid expenses and deferred charges

    beginning of year $57,988 · end of year $30,801

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

    $346,667

  • 10c · Land, buildings and equipment, net

    beginning of year $346,667 · end of year $346,667

  • 11 · Investments: publicly traded securities

    beginning of year $6,678,195 · end of year $0

  • 12 · Investments: other securities

    beginning of year $10,634,716 · end of year $3,149,716

  • 13 · Investments: program-related

    beginning of year $20,907,429 · end of year $32,001,061

  • 15 · Other assets

    beginning of year $16,304,871 · end of year $15,952,141

  • 17 · Accounts payable and accrued expenses

    beginning of year $179,753 · end of year $1,215,923

  • 19 · Deferred revenue

    beginning of year $2,137,678 · end of year $1,327,700

  • 22 · Loans and payables to officers and key people

    end of year $13,000

  • 24 · Unsecured notes and loans payable

    beginning of year $50,700,000 · end of year $45,750,000

  • 27 · Net assets without donor restrictions

    beginning of year $15,538,887 · end of year $17,666,333

  • 28 · Net assets with donor restrictions

    beginning of year $2,017,678 · end of year $0

Mission and programs · 2025

Mission

AS A NATIONALLY CERTIFIED CDFI, DOF'S MISSION IS TO PROVIDE FINANCIAL PRODUCTS, TECHNICAL ASSISTANCE, EQUITY INVESTMENT ANDFINANCIAL ADVISORY SERVICES THAT IMPROVE THE QUALITY OF LIFE AND BUILD PERSONAL WEALTH FOR PEOPLE WITH DISABILITIES AND THEIRFAMILIES, AND SUPPORT ORGANIZATIONS SERVING THIS MARKET.

Activities or mission (Part I)

AS A NATIONALLY CERTIFIED CDFI, DOF'S MISSION IS TO PROVIDE FINANCIAL PRODUCTS, TECHNICAL ASSISTANCE, EQUITY INVESTMENT AND FINANCIAL ADVISORY SERVICES THAT IMPROVE THE QUALITY OF LIFE AND BUILD PERSONAL WEALTH FOR PEOPLE WITH DISABILITIES AND THEIR FAMILIES, AND SUPPORT ORGANIZATIONS SERVING THIS MARKET.

  • COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION (CDFI) PROVIDING TECHNICAL AND FINANCIAL SERVICES TO INDIVIDUALS AND ORGANIZATIONS SERVINGTHE DISABILITY MARKET THROUGHOUT THE UNITED STATES, WITH A FOCUS ON AFFORDABLE HOUSING, SCHOOLS AND VOCATIONAL TRAINING CENTERS.

    Expenses $7,454,248 · Grants $2,171,843 · Revenue $1,492,585

As filed on the 2025 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Charles D Hammerman

    PRESIDENT & CEO

    Total calculated
    $512,557
    From this org
    $512,557
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $332,557
    Bonus
    $180,000
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $512,557

  • Larue Gibson

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Luis Donoso

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Cinnamon Chambers Lewis

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Justin Manaster

    ASSISTANT SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Diana Turoff

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Jazmine Da Costa

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Anne C Flannery

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • D Edward Greene

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Carl Jenkins

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Genny Kurzweil

    BOARD MEMBER/CHIEF OPER. OFFICER

    Total calculated
    $0
    Hours/week
    40

  • David Sweeny

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Isaac Wells

    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

  • 3 · Compensation committee
  • 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 7
THE PRESIDENT & CEO RECEIVED A DISCRETIONARY BONUS DURING CALENDAR YEAR 2025, WHICH WAS INCLUDED IN COLUMN B(II) HEREIN AND IN HIS 2025 FORM W-2, BOX 5, AS TAXABLE MEDICARE WAGES.

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 SCHOOLHOUSE HOTEL

    $812,390

    RURAL ECONOMIC DEVELOPMENT AND EMPLOYMENT OF PEOPLE WITH DISABILITIES

  • REBUILD METRO INC

    $272,839

    SUPPORT COMMUNITY DEVELOPMENT

  • 241 SHORE ROAD LLC

    $100,000

    TO FUND SITE IMPROVEMENTS AND ACCESSIBILITY ENHANCEMENTS

  • DIF MANAGEMENT I LLC

    $80,000

    TO COVER INTEREST PAYMENTS FOR 2025

  • IMPACT ASSETS INC

    $75,000

    SUPPORT EMPLOYMENT OF PEOPLE WITH DISABILITIES

  • EPIC MEDICAL SERVICES PC

    $70,300

    SUPPORT SERVICES FOR PEOPLE WITH DISABILITIES

  • ENABLED INTELLIGENCE

    $50,000

    SUPPORT EMPLOYMENT OF PEOPLE WITH DISABILITIES

  • JBI INTERNATIONAL INC

    $46,920

    SUPPORT ACCESSIBLE PRODUCTS FOR PEOPLE WITH DISABILITIES

  • TRIPLE A & C INVESTMENTS

    $45,000

    SUPPORT ECONOMIC DEVELOPMENT FOR DISABILITIES

  • CSJ RENOVATION

    $40,000

    SUPPORT HOUSING FOR PEOPLE WITH DISABILITIES

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

Provenance

Return type
form_990
Tax year
2025
Filed
10 March 2026
IRS schema version
2025v4.0
Source object
202630699349301443

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

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