Totals
- Total revenue
- $3,024,576
- Total expenses
- $4,406,512
- Contributions and grants received
- $392,830
- Grants paid
- $15,660
- Program service revenue
- $2,548,098
- Investment income
- $234,628
- Other revenue
- -$150,980
- Total assets, end of year
- $92,977,869
- Total liabilities, end of year
- $94,361,587
- Net assets or fund balances, end of year
- -$1,383,718
- Program services expenses (Part IX)
- $4,319,365
- Management and general expenses
- $87,147
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $4,319,365
Program services were 98.0% 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.
-
1f · All other contributions, gifts and grants
$392,830
-
2a · Program service revenue: Residential Rental Income
total $2,548,098 · related or exempt $2,548,098
-
3 · Investment income
total $234,628 · excluded $234,628
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6a · Gross rents
real property $294,124
-
6b · Less rental expenses
real property $531,096
-
6c · Rental income or loss
real property -$236,972
-
6d · Net rental income or loss
total -$236,972 · unrelated business -$236,972
-
7d · Net gain or loss
total $0
-
8c · Net income from fundraising events
total $0
-
9c · Net income from gaming
total $0
-
10c · Net income from sales of inventory
total $0
-
11a · Other revenue: Other Income
total $85,992 · related or exempt $85,992
-
11e · Other revenue, total
$85,992
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $15,660 · program services $15,660
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $0
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $102,342 · program services $102,342
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $16,930 · program services $16,930
-
10 · Payroll taxes
total $6,353 · program services $6,353
-
11a · Fees: management
total $145,523 · program services $145,523
-
11b · Fees: legal
total $33,221 · program services $33,221
-
11c · Fees: accounting
total $6,161 · management and general $6,161
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $1,831 · program services $1,831
-
12 · Advertising and promotion
total $17,259 · program services $17,259
-
13 · Office expenses
total $16,724 · program services $13,858 · management and general $2,866
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $0
-
17 · Travel
total $0
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $1,629 · management and general $1,629
-
20 · Interest
total $2,090,860 · program services $2,090,860
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $921,825 · program services $921,825
-
23 · Insurance
total $97,806 · program services $97,806
-
24a · Other expenses: real estate taxes
total $436,290 · program services $436,290
-
24b · Other expenses: utilities
total $147,008 · program services $147,008
-
24c · Other expenses: fiscal sponsorship program
total $138,868 · program services $138,868
-
24d · Other expenses: repairs & maintenance
total $112,292 · program services $112,292
-
24e · All other expenses
total $97,930 · program services $21,439 · management and general $76,491
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $14,259 · end of year $1,022,511
-
2 · Savings and temporary cash investments
end of year $0
-
3 · Pledges and grants receivable
end of year $0
-
4 · Accounts receivable
beginning of year $4,466 · end of year $66,139
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
end of year $0
-
8 · Inventories for sale or use
end of year $0
-
9 · Prepaid expenses and deferred charges
end of year $160,564
-
10a · Land, buildings and equipment: cost or other basis
$80,336,283
-
10b · Land, buildings and equipment: accumulated depreciation
$1,037,156
-
10c · Land, buildings and equipment, net
end of year $79,299,127
-
11 · Investments: publicly traded securities
end of year $0
-
12 · Investments: other securities
end of year $0
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
end of year $0
-
15 · Other assets
end of year $12,429,528
-
17 · Accounts payable and accrued expenses
end of year $185,458
-
19 · Deferred revenue
end of year $141,574
-
20 · Tax-exempt bond liabilities
end of year $79,245,105
-
22 · Loans and payables to officers and key people
end of year $2,000,000
-
24 · Unsecured notes and loans payable
end of year $10,000,000
-
25 · Other liabilities
beginning of year $20,507 · end of year $2,789,450
-
27 · Net assets without donor restrictions
beginning of year -$1,782 · end of year -$1,608,600
-
28 · Net assets with donor restrictions
end of year $224,882
Mission and programs · 2024
Mission
The Catalyst Impact Fund's purpose is to develop and facilitate innovative solutions, programs, and opportunities to address housing and other socioeconomic concerns for America's essential workforce.
-
Affordable Housing: On January 31, 2024, the organization acquired a multifamily rental housing development located in San Jose, California. The 6-story property includes 168 residential units and 18,151 square feet of commercial space. Pursuant to a Regulatory Agreement, the organization is committing at least 20% of residential units for very low income tenants (at or below 50% of area median income) and at least 75% of units for low income tenants (at or below 80% of area median income). Rents for these units are set at affordable rates in compliance with federal and local housing standards. The property includes 4 commercial tenants that pre-date the organization's acquisition. While these commercial leases generate unrelated debt-financed income, these activities remain ancillary to the organization's primary affordable housing mission.
Expenses $4,164,837 · Revenue $2,548,098
-
Fiscal Sponsorship: The Organization serves as fiscal sponsor to JDL Strategies, LLC, supporting its charitable project to assess land banking as a solution for community-centered affordable housing production and preservation in Marin County, California. As fiscal sponsor, the Organization receives and administers charitable contributions and grants for the project, ensuring proper oversight and disbursement of funds for project-related expenses.
Expenses $138,868
-
Grantmaking: Under its mission to serve essential workers and their families, the organization has made grants since its founding to subsidize rent costs for Marin County's public school teachers and other educators under its Rent Relief Grant Program. The program is currently carried out in collaboration with Serenity at Larkspur Apartments, and the grants are applied directly toward rent expenses.
Expenses $15,660 · Grants $15,660
As filed on the 2024 return.
Listed in Part VII
-
Steve Lefkovits
Treasurer
- Total calculated
- $0
- Hours/week
- 2
-
Linda Assante
Secretary
- Total calculated
- $0
- Hours/week
- 2
-
Annie Koo
President
- Total calculated
- $0
- Hours/week
- 5
-
Nina Tran
Director
- Total calculated
- $0
- Hours/week
- 1
-
Chris Tokarski
Director
- Total calculated
- $0
- Hours/week
- 1
-
Missy Narula
Director
- 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.
Grants on this return
No itemized grants to organizations on this return.
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.
-
catalyst impact fund 1 llc
real estate title-holding · CA · income -$1,377,439 · assets $92,636,370
Directly controlled by Catalyst Impact Fund Inc
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 24 February 2025
- IRS schema version
- 2024v5.0
- Source object
- 202540559349301904
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