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Nonprofiteer
← REI CAPITAL ACCESS FUND INC

Form 990 for tax year 2024

Filed by REI CAPITAL ACCESS FUND INC.

Totals

Total revenue
$292,647
Total expenses
$119,912
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$181,600
Investment income
$111,047
Other revenue
$0
Total assets, end of year
$4,901,279
Total liabilities, end of year
$38,025
Net assets or fund balances, end of year
$4,863,254
Program services expenses (Part IX)
$119,912
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$119,912

Program services were 100.0% 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.

  • 2a · Program service revenue: DOWN PAYMENT ASSISTANC

    total $89,639 · related or exempt $89,639

  • 2b · Program service revenue: BUSINESS LENDING

    total $47,138 · related or exempt $47,138

  • 2c · Program service revenue: INTEREST FROM REAL EST

    total $41,298 · related or exempt $41,298

  • 2d · Program service revenue: LOAN ORIGINATION FEES

    total $3,525 · related or exempt $3,525

  • 3 · Investment income

    total $111,047 · excluded $111,047

Functional expenses

Part IX, the statement of functional expenses.

  • 24a · Other expenses: MEMBERSHIP & DUES

    total $118,065 · program services $118,065

  • 24b · Other expenses: PROVISION FOR LOAN LOSS

    total $1,847 · program services $1,847

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,491,550 · end of year $3,160,836

  • 4 · Accounts receivable

    beginning of year $145,943 · end of year $28,240

  • 7 · Other notes and loans receivable

    beginning of year $939,077 · end of year $1,712,203

  • 17 · Accounts payable and accrued expenses

    beginning of year $148,026 · end of year $38,025

  • 27 · Net assets without donor restrictions

    beginning of year $4,428,544 · end of year $4,863,254

Mission and programs · 2024

Mission

THE MISSION OF THE CORPORATION IS TO PROMOTE COMMUNITY DEVELOPMENT THROUGH ACTIVITIES DIRECTED TOWARD IMPROVING THE SOCIAL AND/OR ECONOMIC CONDITIONS OF UNDERSERVED PEOPLE INCLUDING LOW-INCOME PERSONS AND PERSONS WHO LACK ADEQUATE ACCESS TO CAPITAL AND FINANCIAL SERVICES AND RESIDENTS OF ECONOMICALLY DISTRESSED COMMUNITIES.

  • HOUSING - PROVIDES FINANCING IN THE FORM OF LOANS FOR HOUSING PROJECTS SERVING VERY LOW TO LOW INCOME TENANTS.

    Revenue $41,298

  • BUSINESS LENDING - PROVIDING FLEXIBLE FINANCING AND DEVELOPMENT SERVICES TO BUSINESSES AND ENTREPRENEURS WITH LIMITED ACCESS TO RESOURCES.

    Expenses $1,847 · Revenue $50,663

  • HOUSING HOME 100 PROGRAM - PROVIDES DOWN PAYMENT ASSISTANCE.

    Expenses $118,065 · Revenue $89,639

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

Listed in Part VII

  • Scott Dewald

    PRESIDENT

    Total calculated
    $530,042
    From this org
    $0
    From related orgs
    $487,375
    Other
    $42,667
    Hours/week
    19 + 17 related

    Schedule J breakdown matched by us

    Base
    $0 + $333,697 related
    Bonus
    $0 + $141,640 related
    Other
    $0 + $12,038 related
    Deferred
    $0 + $27,487 related
    Nontaxable benefits
    $0 + $15,180 related
    Filer's total
    $0 + $530,042 related

  • Chris Meyers

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Brian Alford

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Jeff Greenlee

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Martin Vanmeter

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Sherry Harlin

    EXEC. VP & ASSISTANT SECRETARY

    Total calculated
    $359,122
    From this org
    $0
    From related orgs
    $330,554
    Other
    $28,568
    Hours/week
    1 + 36 related

    Schedule J breakdown matched by us

    Base
    $0 + $226,722 related
    Bonus
    $0 + $101,561 related
    Other
    $0 + $2,271 related
    Deferred
    $0 + $18,518 related
    Nontaxable benefits
    $0 + $10,050 related
    Filer's total
    $0 + $359,122 related

  • Debbie Partin

    VP & SECRETARY

    Total calculated
    $286,933
    From this org
    $0
    From related orgs
    $260,220
    Other
    $26,713
    Hours/week
    24 + 12 related

    Schedule J breakdown matched by us

    Base
    $0 + $196,012 related
    Bonus
    $0 + $63,369 related
    Other
    $0 + $839 related
    Deferred
    $0 + $16,106 related
    Nontaxable benefits
    $0 + $10,607 related
    Filer's total
    $0 + $286,933 related

  • Lori Hill

    TREASURER

    Total calculated
    $273,273
    From this org
    $0
    From related orgs
    $250,232
    Other
    $23,041
    Hours/week
    23 + 13 related

    Schedule J breakdown matched by us

    Base
    $0 + $187,234 related
    Bonus
    $0 + $60,254 related
    Other
    $0 + $2,744 related
    Deferred
    $0 + $15,315 related
    Nontaxable benefits
    $0 + $7,726 related
    Filer's total
    $0 + $273,273 related

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

None.

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

No itemized grants to organizations on this return.

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.

Provenance

Return type
form_990
Tax year
2024
Filed
2 October 2025
IRS schema version
2024v5.2
Source object
202502799349302305

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