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← COMMUNITY VISION CAPITAL & CONSULTING

Form 990 for tax year 2022

Filed by COMMUNITY VISION CAPITAL & CONSULTING.

Totals

Total revenue
$10,403,968
Total expenses
$13,889,814
Contributions and grants received
$3,851,529
Grants paid
$164,494
Program service revenue
$5,338,741
Investment income
$1,213,698
Other revenue
$0
Total assets, end of year
$129,891,649
Total liabilities, end of year
$92,196,482
Net assets or fund balances, end of year
$37,695,167
Program services expenses (Part IX)
$12,129,447
Management and general expenses
$1,141,652
Fundraising expenses
$618,715
Program service expenses (Part III)
$12,129,447

Program services were 87.3% 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)

    $1,741,165

  • 1f · All other contributions, gifts and grants

    $2,110,364

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

    total $4,050,291 · related or exempt $4,050,291

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

    total $786,253 · related or exempt $786,253

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

    total $502,197 · related or exempt $502,197

  • 3 · Investment income

    total $1,023,536 · excluded $1,023,536

  • 7a · Gross sales of assets other than inventory

    securities $4,367,584

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

    securities $4,177,422

  • 7c · Gain or loss

    securities $190,162

  • 7d · Net gain or loss

    total $190,162 · excluded $190,162

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $164,494 · program services $164,494

  • 5 · Compensation of officers, directors and key employees

    total $514,353 · program services $282,894 · management and general $128,588 · fundraising $102,871

  • 7 · Other salaries and wages

    total $4,555,692 · program services $3,778,356 · management and general $445,436 · fundraising $331,900

  • 8 · Pension plan contributions

    total $201,634 · program services $167,414 · management and general $21,328 · fundraising $12,892

  • 9 · Other employee benefits

    total $443,407 · program services $362,752 · management and general $50,032 · fundraising $30,623

  • 10 · Payroll taxes

    total $370,500 · program services $297,323 · management and general $42,383 · fundraising $30,794

  • 11b · Fees: legal

    total $511,326 · program services $482,437 · management and general $20,924 · fundraising $7,965

  • 11c · Fees: accounting

    total $81,693 · program services $10,208 · management and general $71,102 · fundraising $383

  • 11f · Fees: investment management

    total $39,431 · management and general $39,431

  • 11g · Fees: other

    total $658,592 · program services $511,766 · management and general $132,280 · fundraising $14,546

  • 12 · Advertising and promotion

    total $100,005 · program services $79,239 · management and general $7,216 · fundraising $13,550

  • 13 · Office expenses

    total $356,977 · program services $328,660 · management and general $17,681 · fundraising $10,636

  • 14 · Information technology

    total $323,102 · program services $260,662 · management and general $41,826 · fundraising $20,614

  • 16 · Occupancy

    total $342,289 · program services $281,096 · management and general $41,929 · fundraising $19,264

  • 17 · Travel

    total $78,297 · program services $55,072 · management and general $13,072 · fundraising $10,153

  • 19 · Conferences, conventions and meetings

    total $55,285 · program services $42,431 · management and general $8,146 · fundraising $4,708

  • 20 · Interest

    total $1,487,035 · program services $1,487,035

  • 22 · Depreciation, depletion and amortization

    total $39,762 · program services $32,824 · management and general $4,676 · fundraising $2,262

  • 23 · Insurance

    total $225,139 · program services $177,850 · management and general $43,260 · fundraising $4,029

  • 24a · Other expenses: PROVISION FOR LOAN LOSS

    total $2,422,774 · program services $2,422,774

  • 24b · Other expenses: BAD DEBT EXPENSE

    total $534,048 · program services $534,048

  • 24c · Other expenses: FEES AND LICENSES

    total $383,979 · program services $370,112 · management and general $12,342 · fundraising $1,525

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,874,888 · end of year $297,721

  • 2 · Savings and temporary cash investments

    beginning of year $18,641,251 · end of year $10,890,901

  • 3 · Pledges and grants receivable

    beginning of year $1,653,333 · end of year $1,470,000

  • 4 · Accounts receivable

    beginning of year $686,189 · end of year $1,079,895

  • 7 · Other notes and loans receivable

    beginning of year $61,427,918 · end of year $77,721,782

  • 9 · Prepaid expenses and deferred charges

    beginning of year $197,259 · end of year $239,948

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

    $2,936,061

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

    $415,409

  • 10c · Land, buildings and equipment, net

    beginning of year $99,477 · end of year $2,520,652

  • 11 · Investments: publicly traded securities

    beginning of year $26,812,166 · end of year $26,104,376

  • 12 · Investments: other securities

    beginning of year $3,205,202 · end of year $3,909,198

  • 13 · Investments: program-related

    beginning of year $181,808 · end of year $241,808

  • 15 · Other assets

    beginning of year $4,906,526 · end of year $5,415,368

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,487,265 · end of year $1,563,138

  • 19 · Deferred revenue

    beginning of year $2,116,048 · end of year $5,029,824

  • 22 · Loans and payables to officers and key people

    beginning of year $20,026 · end of year $20,000

  • 24 · Unsecured notes and loans payable

    beginning of year $73,600,688 · end of year $81,046,971

  • 25 · Other liabilities

    beginning of year $4,955,249 · end of year $4,536,549

  • 27 · Net assets without donor restrictions

    beginning of year $25,393,848 · end of year $28,675,836

  • 28 · Net assets with donor restrictions

    beginning of year $12,112,893 · end of year $9,019,331

Mission and programs · 2022

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 654 LOANS TOTALING $322 MILLION TO NONPROFITS AND SOCIAL ENTERPRISES SERVING DISINVESTED COMMUNITIES IN NORTHERN AND CENTRAL CALIFORNIA, LEVERAGING OVER $1.9 BILLION IN ADDITIONAL PROJECT FUNDING. THESE LOANS HAVE HELPED CREATE OR PRESERVE 8,007 AFFORDABLE HOUSING UNITS FOR LOW-INCOME FAMILIES AND INDIVIDUALS, AND FINANCED OVER 4.9 MILLION SQUARE FEET OF NEIGHBORHOOD-SERVING COMMERCIAL AND RESIDENTIAL SPACE. THESE LOANS HAVE ALSO HELPED CREATE OR PRESERVE 24,446 PERMANENT AND CONSTRUCTION JOBS, AND HELPED FINANCE PROJECTS BY ORGANIZATIONS THAT SERVE OVER 1.8 MILLION INDIVIDUALS. AT THE END OF FY23, COMMUNITY VISION MANAGED A PORTFOLIO OF 105 LOANS WORTH $85 MILLION TO 87 ORGANIZATIONS. DURING FY23, COMMUNITY VISION CLOSED 34 LOANS TOTALING $39 MILLION.

    Expenses $8,379,698 · Grants $104,494 · Revenue $4,050,291

  • REAL ESTATE SOLUTIONS (RES): SINCE THE INCEPTION OF OUR CONSULTING & TRAINING PROGRAM, COMMUNITY VISION HAS PROVIDED 1,163 REAL ESTATE AND FINANCIAL MANAGEMENT CONSULTING ENGAGEMENTS AND SERVED 5,519 ORGANIZATIONS THROUGH WORKSHOPS ON THESE TOPICS. DURING FY23, THE PROGRAM COMPLETED 63 CONSULTING ENGAGEMENTS, AND REACHED OVER 219 ORGANIZATIONS THROUGH 15 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 $2,576,577 · Grants $60,000 · Revenue $856,646

  • 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 $615,713

  • CAPITALIZATION: COMMUNITY VISION WAS FOUNDED BY COMMUNITY RESIDENTS 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 FY2023 INVESTMENTS MADE BY OVER 300 BANKS, FOUNDATIONS, INDIVIDUALS, RELIGIOUS ORGANIZATIONS, NONPROFIT ORGANIZATIONS AND HOSPITAL SYSTEMS INTO OUR REVOLVING LOAN FUND TOTALED $81 MILLION.NEW MARKETS TAX CREDIT: COMMUNITY VISION HAS RECEIVED A TOTAL OF $212 MILLION IN NEW MARKETS TAX CREDIT (NMTC) ALLOCATION FOR USE IN OUR NORTHERN AND CENTRAL 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 CREATE 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 NORTHERN AND CENTRAL CALIFORNIA WILL BE SERVED BY THE PROJECTS DEVELOPED USING THESE FUNDS.

    Expenses $557,459 · Revenue $431,804

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Patricia Gopaul

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    4

  • John Chan

    TREASURER

    Total calculated
    $0
    Hours/week
    4

  • David Elsaesser

    SECRETARY

    Total calculated
    $0
    Hours/week
    4

  • Anita Addison

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    4

  • Nikki Beasley

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    4

  • Andre Madeira

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    4

  • Bryan Ignozzi

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    4

  • James Snyder

    BOARD MEMBER (THRU 1/1/23)

    Total calculated
    $0
    Hours/week
    4

  • Carolyn Johnson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    4

  • Luisa Medina

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    4

  • Pamela Merchant

    BOARD MEMBER/CONSULTANT

    Total calculated
    $8,625
    From this org
    $8,625
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • Catherine Howard

    PRESIDENT

    Total calculated
    $272,997
    From this org
    $241,162
    From related orgs
    $0
    Other
    $31,835
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $241,162
    Bonus
    $0
    Other
    $0
    Deferred
    $10,235
    Nontaxable benefits
    $21,600
    Filer's total
    $272,997

  • Wilfredo O Mendoza

    CFO

    Total calculated
    $129,040
    From this org
    $115,157
    From related orgs
    $0
    Other
    $13,883
    Hours/week
    40

  • Sabrina Kelley

    DIR OF EXTERNAL RELATIONS

    Total calculated
    $193,910
    From this org
    $166,732
    From related orgs
    $0
    Other
    $27,178
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $163,732
    Bonus
    $3,000
    Other
    $0
    Deferred
    $8,002
    Nontaxable benefits
    $19,176
    Filer's total
    $193,910

  • Saul Ettlin

    SENIOR ADVISOR TO THE PRESIDENT

    Total calculated
    $195,885
    From this org
    $165,550
    From related orgs
    $0
    Other
    $30,335
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $160,550
    Bonus
    $5,000
    Other
    $0
    Deferred
    $7,967
    Nontaxable benefits
    $22,368
    Filer's total
    $195,885

  • Jonathan Taylor

    DR OF CAPITAL SOLUTIONS (THRU 1/23)

    Total calculated
    $209,068
    From this org
    $183,732
    From related orgs
    $0
    Other
    $25,336
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $180,732
    Bonus
    $3,000
    Other
    $0
    Deferred
    $8,512
    Nontaxable benefits
    $16,824
    Filer's total
    $209,068

  • Grayton Huang

    CONTROLLER

    Total calculated
    $160,777
    From this org
    $150,851
    From related orgs
    $0
    Other
    $9,926
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $145,851
    Bonus
    $5,000
    Other
    $0
    Deferred
    $7,526
    Nontaxable benefits
    $2,400
    Filer's total
    $160,777

  • Daniel McDonald

    SENIOR BUSINESS DEVELOPMENT OFFICER

    Total calculated
    $154,015
    From this org
    $143,762
    From related orgs
    $0
    Other
    $10,253
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $140,762
    Bonus
    $3,000
    Other
    $0
    Deferred
    $7,313
    Nontaxable benefits
    $2,940
    Filer's total
    $154,015

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 $796,081 · assets $1,443,868

    Directly controlled by COMMUNITY VISION CAPITAL & CONSULTING

  • 3105 SAN PABLO LLC

    SPECIAL PURPOSE ENTITY TO HOLD NOTES RELATED TO A REAL ESTATE TRANSACTION. · CA · income $0 · assets $3,153,826

    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 X LLC

    RELATED · NEW MARKETS TAX CREDIT · CA · 0.01% owned · share of income $599 · general or managing partner

    Directly controlled by COMMUNITY VISION CAPITAL & CONSULTING

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

    RELATED · NEW MARKETS TAX CREDIT · CA · 0.01% owned · share of income $3,153 · general or managing partner

    Directly controlled by COMMUNITY VISION CAPITAL & CONSULTING

  • NORTHERN CALIFORNIA COMMUNITY LOAN FUND NMTC SUB-CDE 14 LLC

    RELATED · NEW MARKETS TAX CREDIT · CA · 0.01% owned · share of income $77,508 · share of assets $7,968 · general or managing partner

    Directly controlled by COMMUNITY VISION CAPITAL & CONSULTING

  • NORTHERN CALIFORNIA COMMUNITY LOAN FUND NMTC SUB-CDE 15 LLC

    RELATED · NEW MARKETS TAX CREDIT · CA · 0.01% owned · share of income $30,012 · share of assets $590 · general or managing partner

    Directly controlled by COMMUNITY VISION CAPITAL & CONSULTING

  • NORTHERN CALIFORNIA COMMUNITY LOAN FUND NMTC SUB-CDE 16 LLC

    RELATED · NEW MARKETS TAX CREDIT · CA · 0.01% owned · share of income $37,414 · share of assets $730 · general or managing partner

    Directly controlled by COMMUNITY VISION CAPITAL & CONSULTING

  • NORTHERN CALIFORNIA COMMUNITY LOAN FUND NMTC SUB-CDE 17 LLC

    RELATED · NEW MARKETS TAX CREDIT · CA · 0.01% owned · share of income $40,128 · share of assets $4,130 · general or managing partner

    Directly controlled by COMMUNITY VISION CAPITAL & CONSULTING

  • 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 $4,531 · 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 $3,091 · 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 $4,635 · 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 $55,026 · share of assets $1,114 · 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 $691 · 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 $3,608 · 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 $29,122 · 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
2022
Filed
11 July 2024
IRS schema version
2022v5.0
Source object
202411979349302386

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