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Nonprofiteer
← COMMUNITY CREDIT LAB

Form 990 for tax year 2024

Filed by COMMUNITY CREDIT LAB.

Totals

Total revenue
$887,481
Total expenses
$3,395
Contributions and grants received
$689,645
Grants paid
$0
Program service revenue
$0
Investment income
$85,628
Other revenue
$112,208
Total assets, end of year
$8,960,354
Total liabilities, end of year
$2,764,094
Net assets or fund balances, end of year
$6,196,260
Program services expenses (Part IX)
$3,395
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$3,395

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.

  • 1f · All other contributions, gifts and grants

    $689,645

  • 3 · Investment income

    total $85,628 · excluded $85,628

  • 11a · Other revenue: GAIN ON DEBT FORGIVENE

    total $112,208 · excluded $112,208

  • 11e · Other revenue, total

    $112,208

Functional expenses

Part IX, the statement of functional expenses.

  • 13 · Office expenses

    total $2,962 · program services $2,962

  • 24a · Other expenses: LOAN FORGIVENESS

    total $433 · program services $433

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $4,683,856 · end of year $5,302,481

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $250,000

  • 4 · Accounts receivable

    beginning of year $272,812 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $2,760,381 · end of year $3,406,574

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,300 · end of year $1,299

  • 24 · Unsecured notes and loans payable

    beginning of year $2,406,175 · end of year $2,764,094

  • 27 · Net assets without donor restrictions

    beginning of year $2,630,458 · end of year $3,669,545

  • 28 · Net assets with donor restrictions

    beginning of year $2,681,716 · end of year $2,526,715

Mission and programs · 2024

Mission

TO SUPPORT EQUITABLE ACCESS TO ECONOMIC OPPORTUNITIES FOR IMMIGRANTS, REFUGEES, LOW-INCOME, MARGINALIZED, AND UNDERSERVED COMMUNITIES IN KING COUNTY AND THE UNITED STATES.

  • DESIGN AND MANAGEMENT OF AFFORDABLE LENDING PROGRAMS THAT SEEK TO INCREASE ECONOMIC EQUALITY FOR COMMUNITIES FACING DISCRIMINATION.

    Expenses $3,395

As filed on the 2024 return.

Listed in Part VII

  • SANDHYA NAKHASI

    DIRECTOR AND PRESIDENT

    Total calculated
    $222,722
    From this org
    $0
    From related orgs
    $205,434
    Other
    $17,288
    Hours/week
    1 + 32 related

    Schedule J breakdown matched by us

    Base
    $0 + $205,434 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $9,068 related
    Nontaxable benefits
    $0 + $8,220 related
    Filer's total
    $0 + $222,722 related

  • JESSICA FEINGOLD

    DIRECTOR AND VICE PRESIDENT

    Total calculated
    $230,036
    From this org
    $0
    From related orgs
    $205,748
    Other
    $24,288
    Hours/week
    1 + 32 related

    Schedule J breakdown matched by us

    Base
    $0 + $205,748 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $9,068 related
    Nontaxable benefits
    $0 + $15,220 related
    Filer's total
    $0 + $230,036 related

  • JENNIFER NJUGUNA

    DIRECTOR

    Total calculated
    $218,333
    From this org
    $0
    From related orgs
    $209,265
    Other
    $9,068
    Hours/week
    1 + 32 related

    Schedule J breakdown matched by us

    Base
    $0 + $208,765 related
    Bonus
    $0 + $500 related
    Other
    $0
    Deferred
    $0 + $9,068 related
    Nontaxable benefits
    $0
    Filer's total
    $0 + $218,333 related

  • TYRA EDMOND

    TREASURER

    Total calculated
    $172,209
    From this org
    $0
    From related orgs
    $157,680
    Other
    $14,529
    Hours/week
    1 + 32 related

    Schedule J breakdown matched by us

    Base
    $0 + $157,680 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $6,198 related
    Nontaxable benefits
    $0 + $8,331 related
    Filer's total
    $0 + $172,209 related

  • VICTORIA MONTEIRO

    SECRETARY

    Total calculated
    $155,370
    From this org
    $0
    From related orgs
    $138,209
    Other
    $17,161
    Hours/week
    1 + 32 related

    Schedule J breakdown matched by us

    Base
    $0 + $138,209 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $8,848 related
    Nontaxable benefits
    $0 + $8,313 related
    Filer's total
    $0 + $155,370 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

The filer's explanations (Part III)

PART I, LINE 3
NO COMPENSATION IS PAID FROM THE ORGANIZATION BUT PAID FROM RELATED ORGANIZATION.

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
11 November 2025
IRS schema version
2024v5.2
Source object
202513159349301991

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