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Nonprofiteer
← COMMUNITY VISION CAPITAL & CONSULTING

Form 990 for tax year 2024

Filed by COMMUNITY VISION CAPITAL & CONSULTING.

Totals

Total revenue
$18,843,856
Total expenses
$22,986,194
Contributions and grants received
$9,630,641
Grants paid
$145,362
Program service revenue
$6,875,908
Investment income
$2,018,563
Other revenue
$318,744
Total assets, end of year
$171,647,430
Total liabilities, end of year
$125,065,471
Net assets or fund balances, end of year
$46,581,959
Program services expenses (Part IX)
$21,955,555
Management and general expenses
$868,016
Fundraising expenses
$162,623
Program service expenses (Part III)
$21,955,555

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.

  • 1c · Fundraising events

    $33,509

  • 1e · Government grants (contributions)

    $5,663,195

  • 1f · All other contributions, gifts and grants

    $3,933,937

  • 2a · Program service revenue: INTEREST ON COMMUNITY LOANS

    total $5,840,302 · related or exempt $5,840,302

  • 2b · Program service revenue: LOAN FEES/NMTC FEES

    total $764,133 · related or exempt $764,133

  • 2c · Program service revenue: CONSULTING AND FISCAL AGENT FEES

    total $271,473 · related or exempt $271,473

  • 3 · Investment income

    total $1,888,359 · excluded $1,888,359

  • 6a · Gross rents

    real property $12,300

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $12,300

  • 6d · Net rental income or loss

    total $12,300 · excluded $12,300

  • 7a · Gross sales of assets other than inventory

    securities $20,899,699

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

    securities $20,769,495

  • 7c · Gain or loss

    securities $130,204

  • 7d · Net gain or loss

    total $130,204 · excluded $130,204

  • 8a · Fundraising events: gross income

    $5,100

  • 8a · Fundraising events: contributions included on line 1c

    $33,509

  • 8b · Fundraising events: direct expenses

    $65,094

  • 8c · Net income from fundraising events

    total -$59,994 · excluded -$59,994

  • 11a · Other revenue: LOAN REPAYMENT

    total $366,438 · related or exempt $366,438

  • 11e · Other revenue, total

    $366,438

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $145,362 · program services $145,362

  • 5 · Compensation of officers, directors and key employees

    total $1,280,103 · program services $986,732 · management and general $253,905 · fundraising $39,466

  • 7 · Other salaries and wages

    total $3,303,881 · program services $3,088,532 · management and general $165,721 · fundraising $49,628

  • 8 · Pension plan contributions

    total $237,180 · program services $217,418 · management and general $15,783 · fundraising $3,979

  • 9 · Other employee benefits

    total $424,482 · program services $387,124 · management and general $29,938 · fundraising $7,420

  • 10 · Payroll taxes

    total $333,992 · program services $297,495 · management and general $29,825 · fundraising $6,672

  • 11b · Fees: legal

    total $164,042 · program services $86,728 · management and general $76,535 · fundraising $779

  • 11c · Fees: accounting

    total $98,485 · program services $6,353 · management and general $92,128 · fundraising $4

  • 11e · Fees: professional fundraising services

    total $18,969 · fundraising $18,969

  • 11f · Fees: investment management

    total $38,958 · management and general $38,958

  • 11g · Fees: other

    total $445,646 · program services $415,538 · management and general $16,277 · fundraising $13,831

  • 12 · Advertising and promotion

    total $59,065 · program services $48,173 · management and general $7,121 · fundraising $3,771

  • 13 · Office expenses

    total $175,917 · program services $166,525 · management and general $8,112 · fundraising $1,280

  • 14 · Information technology

    total $280,495 · program services $249,016 · management and general $27,912 · fundraising $3,567

  • 16 · Occupancy

    total $366,744 · program services $342,653 · management and general $20,970 · fundraising $3,121

  • 17 · Travel

    total $75,236 · program services $59,116 · management and general $8,775 · fundraising $7,345

  • 19 · Conferences, conventions and meetings

    total $110,430 · program services $93,305 · management and general $15,899 · fundraising $1,226

  • 20 · Interest

    total $2,638,063 · program services $2,638,063

  • 22 · Depreciation, depletion and amortization

    total $43,642 · program services $38,741 · management and general $4,264 · fundraising $637

  • 23 · Insurance

    total $114,002 · program services $73,348 · management and general $40,108 · fundraising $546

  • 24a · Other expenses: PROVISION FOR LOAN LOSS

    total $12,518,049 · program services $12,518,049

  • 24b · Other expenses: BAD DEBT EXPENSE

    total $47,520 · program services $47,520

  • 24c · Other expenses: FEES AND LICENSES

    total $39,831 · program services $24,448 · management and general $15,001 · fundraising $382

  • 24e · All other expenses

    total $26,100 · program services $25,316 · management and general $784

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $22,665,096 · end of year $9,448,007

  • 2 · Savings and temporary cash investments

    beginning of year $22,939,847 · end of year $9,931,882

  • 3 · Pledges and grants receivable

    beginning of year $460,000 · end of year $1,625,000

  • 4 · Accounts receivable

    beginning of year $654,546 · end of year $1,023,051

  • 7 · Other notes and loans receivable

    beginning of year $84,034,094 · end of year $100,787,641

  • 9 · Prepaid expenses and deferred charges

    beginning of year $179,652 · end of year $164,600

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

    $2,891,068

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

    $408,650

  • 10c · Land, buildings and equipment, net

    beginning of year $2,498,895 · end of year $2,482,418

  • 11 · Investments: publicly traded securities

    beginning of year $21,231,343 · end of year $34,478,916

  • 12 · Investments: other securities

    beginning of year $2,199,837 · end of year $2,041,487

  • 13 · Investments: program-related

    beginning of year $94,800 · end of year $100,800

  • 15 · Other assets

    beginning of year $4,858,075 · end of year $9,563,628

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,794,330 · end of year $1,857,281

  • 19 · Deferred revenue

    beginning of year $3,925,228 · end of year $644,520

  • 22 · Loans and payables to officers and key people

    beginning of year $20,000 · end of year $25,000

  • 24 · Unsecured notes and loans payable

    beginning of year $103,316,122 · end of year $114,201,733

  • 25 · Other liabilities

    beginning of year $3,608,431 · end of year $8,336,937

  • 27 · Net assets without donor restrictions

    beginning of year $43,382,062 · end of year $41,411,784

  • 28 · Net assets with donor restrictions

    beginning of year $5,770,012 · end of year $5,170,175

Mission and programs · 2024

Mission

COMMUNITY VISION CAPITAL & CONSULTING PROMOTES ECONOMIC JUSTICE AND ALLEVIATES POVERTY BY INCREASING THE FINANCIAL RESILIENCE AND SUSTAINABILITY OF COMMUNITY-BASED NONPROFITS AND ENTERPRISES. THROUGH FLEXIBLE FINANCIAL PRODUCTS AND SOUND ADVICE, WE CREATE OPPORTUNITIES TO MAKE SOCIALLY RESPONSIBLE INVESTMENTS THAT REVITALIZE NORTHERN CALIFORNIA COMMUNITIES.

Activities or mission (Part I)

PROVIDING FINANCING AND FINANCIAL EXPERTISE TO STRENGTHEN LOW-INCOME COMMUNITIES.

  • CAPITAL SOLUTIONS: SINCE 1987, COMMUNITY VISION HAS MADE 697 LOANS TOTALING $398 MILLION TO NONPROFITS AND SOCIAL ENTERPRISES SERVING DISINVESTED COMMUNITIES IN NORTHERN AND CENTRAL CALIFORNIA, LEVERAGING OVER $2.16 BILLION IN ADDITIONAL PROJECT FUNDING. THESE LOANS HAVE HELPED CREATE OR PRESERVE 8,166 AFFORDABLE HOUSING UNITS FOR LOW-INCOME FAMILIES AND INDIVIDUALS, AND FINANCED OVER 5.9 MILLION SQUARE FEET OF NEIGHBORHOOD-SERVING COMMERCIAL AND RESIDENTIAL SPACE. THES LOANS HAVE ALSO HELPED CREATED OR PRESERVE 29,881 PERMANENT AND CONSTRUCTION JOBS, AND HELPED FINANCE PROJECTS BY ORGANIZATIONS THAT SERVE OVER 6 MILLION INDIVIDUALS. AT THE END OF FY25, COMMUNITY VISION MANAGED A PORTFOLIO OF 91 LOANS WORTH $120 MILLION TO 80 ORGANIZATIONS. DURING THE COURSE OF FY25, COMMUNITY VISION CLOSED 18 LOANS TOTALING $50 MILLION.

    Expenses $18,902,054 · Grants $139,363 · Revenue $6,206,740

  • REAL ESTATE SOLUTIONS (RES): SINCE THE INCEPTION OF OUR CONSULTING & TRAINING PROGRAM, COMMUNITY VISION HAS PROVIDED 1,383 REAL ESTATE AND FINANCIAL MANAGEMENT CONSULTING ENGAGEMENTS AND SERVED 8,964 PARTICIPANTS THROUGH WORKSHOPS ON THESE TOPICS. DURING FY25, THE PROGRAM COMPLETED 75 CONSULTING ENGAGEMENTS, AND HOSTED 18 WORKSHOPS. RES ALSO MANAGES THE CALCORE PROGRAM, A FIVE-YEAR STATE-WIDE INITIATIVE THAT BRINGS TOGETHER COHORTS OF COMMUNITY-BASED DEVELOPERS, WITH A FOCUS ON BLACK, INDIGENOUS, PEOPLE OF COLOR-LED (BIPOC) REAL ESTATE ORGANIZATIONS, PARTICULARLY COMMUNITY DEVELOPMENT CORPORATIONS (CDCS) AND COMMUNITY LAND TRUSTS (CLTS).

    Expenses $1,369,061 · Grants $6,000 · Revenue $1,035,606

  • COMMUNICATIONS AND IMPACT: COMMUNITY VISION CONDUCTS ONGOING EVALUATION OF PROGRAMS AND INITIATIVES. WE DEVELOP AND DISTRIBUTE INFORMATION ABOUT OUR PROGRAMS BOTH INTERNALLY AND EXTERNALLY VIA MULTIPLE CHANNELS.

    Expenses $784,575

  • CAPITALIZATION: COMMUNITY VISION WAS FOUNDED AS A VEHICLE TO CHANNEL CAPITAL FROM SOCIALLY RESPONSIBLE AND MISSION MOTIVATED INVESTORS TO PROJECTS THAT BENEFIT LOW-INCOME PEOPLE. WE PROVIDE EDUCATION ON SUSTAINABLE, SOCIALLY RESPONSIBLE INVESTING. AT THE END OF FY2025, INVESTMENTS MADE BY OVER 330 BANKS, FOUNDATIONS, INDIVIDUALS, RELIGIOUS ORGANIZATIONS, NONPROFIT ORGANIZATIONS AND HOSPITAL SYSTEMS INTO OUR REVOLVING LOAN FUND TOTALED $114.2 MILLION.NEW MARKETS TAX CREDITS: COMMUNITY VISION HAS RECEIVED A TOTAL OF $212 MILLION IN NEW MARKETS TAX CREDIT (NMTC) ALLOCATIONS FOR USE IN OUR CALIFORNIA SERVICE AREA. WE HIGHLY LEVERAGE AND INVEST TAX CREDIT CAPITAL IN HIGH IMPACT BUSINESSES AND NONPROFITS IN QUALIFYING LOW-INCOME COMMUNITIES, CREATING JOBS AND SPURRING ADDITIONAL ECONOMIC DEVELOPMENT. OUR NMTC PROGRAM HAS HELPED TO CREATED OR PRESERVE 5,637 JOBS, CREATED 1,038,826 SQUARE FEET OF COMMUNITY FACILITY SPACE, HELPED TO DEVELOP 84 UNITS OF AFFORDABLE HOUSING AND LEVERAGED AN ADDITIONAL $340 MILLION IN PRIVATE INVESTMENT. OVER 962,000 INDIVIDUALS ACROSS 8 COUNTIES SPANNING CALIFORNIA ARE SERVED BY THE PROJECTS DEVELOPED USING THESE FUNDS.

    Expenses $899,865

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Anita Addison

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    15

  • John Chan

    TREASURER

    Total calculated
    $0
    Hours/week
    15

  • David Elsaesser

    SECRETARY

    Total calculated
    $0
    Hours/week
    15

  • Andy Madeira

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    15

  • Carolyn Johnson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    15

  • Bhavani Daryanani

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    15

  • Nikki Beasley

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    15

  • Estella Sanchez

    BOARD MEMBER (THRU 4/30/25)

    Total calculated
    $0
    Hours/week
    15

  • David Dill

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    15

  • Eric Weaver

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    15

  • Patricia Gopaul

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    15

  • C Lea Salem

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    15

  • Luisa Medina

    BOARD MEMBER (THRU 1/31/25)

    Total calculated
    $0
    Hours/week
    15

  • Pamela Merchant

    BOARD MEM/CONSULTANT (THRU 3/31/25)

    Total calculated
    $6,400
    From this org
    $6,400
    From related orgs
    $0
    Other
    $0
    Hours/week
    15

  • Catherine Howard

    PRESIDENT

    Total calculated
    $338,269
    From this org
    $303,333
    From related orgs
    $0
    Other
    $34,936
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $273,333
    Bonus
    $30,000
    Other
    $0
    Deferred
    $12,100
    Nontaxable benefits
    $22,836
    Filer's total
    $338,269

  • Wilfredo Mendoza

    VP OF FINANCE/CFO

    Total calculated
    $235,449
    From this org
    $205,686
    From related orgs
    $0
    Other
    $29,763
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $200,686
    Bonus
    $5,000
    Other
    $0
    Deferred
    $9,171
    Nontaxable benefits
    $20,592
    Filer's total
    $235,449

  • Sabrina Kelley

    DIRECTOR OF EXTERNAL RELATIONS

    Total calculated
    $237,593
    From this org
    $208,292
    From related orgs
    $0
    Other
    $29,301
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $208,292
    Bonus
    $0
    Other
    $0
    Deferred
    $9,249
    Nontaxable benefits
    $20,052
    Filer's total
    $237,593

  • Scott Sporte

    DIRECTOR OF CREDIT

    Total calculated
    $219,289
    From this org
    $191,279
    From related orgs
    $0
    Other
    $28,010
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $186,279
    Bonus
    $5,000
    Other
    $0
    Deferred
    $8,738
    Nontaxable benefits
    $19,272
    Filer's total
    $219,289

  • Saul Ettlin

    SENIOR ADVISOR TO THE PRESIDENT

    Total calculated
    $231,092
    From this org
    $197,472
    From related orgs
    $0
    Other
    $33,620
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $192,472
    Bonus
    $5,000
    Other
    $0
    Deferred
    $8,924
    Nontaxable benefits
    $24,696
    Filer's total
    $231,092

  • Daniel McDonald

    SENIOR BUSINESS DEVELOPMENT OFFICER

    Total calculated
    $171,425
    From this org
    $161,679
    From related orgs
    $0
    Other
    $9,746
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $156,679
    Bonus
    $5,000
    Other
    $0
    Deferred
    $7,850
    Nontaxable benefits
    $1,896
    Filer's total
    $171,425

  • Grayton Huang

    CONTROLLER

    Total calculated
    $175,908
    From this org
    $166,497
    From related orgs
    $0
    Other
    $9,411
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $157,897
    Bonus
    $5,000
    Other
    $3,600
    Deferred
    $7,887
    Nontaxable benefits
    $1,524
    Filer's total
    $175,908

  • Amanda Bornstein

    INTERIM DIR OF CATALYTIC CONSULTING

    Total calculated
    $191,372
    From this org
    $169,522
    From related orgs
    $0
    Other
    $21,850
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $164,522
    Bonus
    $5,000
    Other
    $0
    Deferred
    $8,086
    Nontaxable benefits
    $13,764
    Filer's total
    $191,372

  • Nathaniel Schaffran

    DIRECTOR OF BUSINESS

    Total calculated
    $175,041
    From this org
    $147,352
    From related orgs
    $0
    Other
    $27,689
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $147,352
    Bonus
    $0
    Other
    $0
    Deferred
    $7,421
    Nontaxable benefits
    $20,268
    Filer's total
    $175,041

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 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

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
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

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

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.

  • CREDIT ENHANCEMENT 1 LLC

    TO MANAGE A PROGRAM FOR FOOD ENTERPRISE RELATED FINANCING. · CA · income $54,567 · assets $1,180,551

    Directly controlled by COMMUNITY VISION CAPITAL & CONSULTING

  • 3105 SAN PABLO LLC

    SPECIAL PURPOSE ENTITY TO HOLD NOTES RELATED TO A REAL ESTATE TRANSACTION. · CA · assets $3,116,718

    Directly controlled by COMMUNITY VISION CAPITAL & CONSULTING

Related partnerships

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

  • NORTHERN CALIFORNIA COMMUNITY LOAN FUND NMTC SUB-CDE 18 LLC

    RELATED · NEW MARKETS TAX CREDIT · CA · 0.01% owned · share of income $44,002 · share of assets $4,397 · general or managing partner

    Directly controlled by COMMUNITY VISION CAPITAL & CONSULTING

  • NORTHERN CALIFORNIA COMMUNITY LOAN FUND NMTC SUB-CDE 19 LLC

    RELATED · NEW MARKETS TAX CREDIT · CA · 0.01% owned · share of income $30,002 · share of assets $3,088 · general or managing partner

    Directly controlled by COMMUNITY VISION CAPITAL & CONSULTING

  • NORTHERN CALIFORNIA COMMUNITY LOAN FUND NMTC SUB-CDE 20 LLC

    RELATED · NEW MARKETS TAX CREDIT · CA · 0.01% owned · share of income $45,000 · share of assets $4,626 · general or managing partner

    Directly controlled by COMMUNITY VISION CAPITAL & CONSULTING

  • NORTHERN CALIFORNIA COMMUNITY LOAN FUND NMTC SUB-CDE 21 LLC

    RELATED · NEW MARKETS TAX CREDIT · CA · 0.01% owned · share of income $54,995 · share of assets $1,280,784 · general or managing partner

    Directly controlled by COMMUNITY VISION CAPITAL & CONSULTING

  • NORTHERN CALIFORNIA COMMUNITY LOAN FUND NMTC SUB-CDE 22 LLC

    RELATED · NEW MARKETS TAX CREDIT · CA · 0.01% owned · share of income $35,014 · share of assets $685 · general or managing partner

    Directly controlled by COMMUNITY VISION CAPITAL & CONSULTING

  • NORTHERN CALIFORNIA COMMUNITY LOAN FUND NMTC SUB-CDE 23 LLC

    RELATED · NEW MARKETS TAX CREDIT · CA · 0.01% owned · share of income $35,000 · share of assets $3,602 · general or managing partner

    Directly controlled by COMMUNITY VISION CAPITAL & CONSULTING

  • NORTHERN CALIFORNIA COMMUNITY LOAN FUND NMTC SUB-CDE 24 LLC

    RELATED · NEW MARKETS TAX CREDIT · CA · 0.01% owned · share of income $56,022 · share of assets $29,112 · general or managing partner

    Directly controlled by COMMUNITY VISION CAPITAL & CONSULTING

  • NORTHERN CALIFORNIA COMMUNITY LOAN FUND NMTC SUB-CDE 25 LLC

    RELATED · NEW MARKETS TAX CREDIT · CA · 99% owned · share of income -$800 · general or managing partner

    Directly controlled by COMMUNITY VISION CAPITAL & CONSULTING

  • NORTHERN CALIFORNIA COMMUNITY LOAN FUND NMTC SUB-CDE 26 LLC

    RELATED · NEW MARKETS TAX CREDIT · CA · 99% owned · share of income -$800 · general or managing partner

    Directly controlled by COMMUNITY VISION CAPITAL & CONSULTING

Related corporations and trusts

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

  • NCCLF MEMBERCO LLC

    C · NEW MARKETS TAX CREDIT · CA · 100% owned · controlled entity

    Directly controlled by COMMUNITY VISION CAPITAL & CONSULTING

Provenance

Return type
form_990
Tax year
2024
Filed
26 June 2026
IRS schema version
2024v5.5
Source object
202641839349300704

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