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Nonprofiteer
← THE DISABILITY FUND INC

Form 990 for tax year 2024

Filed by THE DISABILITY FUND INC.

This return was superseded by a later amendment. matched by us It is kept because history is preserved rather than replaced.

What the amendment changed

Compared with the latest return for 2024 , filed 22 April 2025. matched by us Only the return's totals, a 990-PF's accounting method and the names listed in Part VII (Part VIII on a 990-PF) are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.

Those are the same on the two returns, so the amendment changed something else.

Totals

Total revenue
$8,314,371
Total expenses
$5,849,203
Contributions and grants received
$5,519,517
Grants paid
$1,907,073
Program service revenue
$1,768,998
Investment income
$1,003,356
Other revenue
$22,500
Total assets, end of year
$70,573,996
Total liabilities, end of year
$53,017,431
Net assets or fund balances, end of year
$17,556,565
Program services expenses (Part IX)
$5,441,248
Management and general expenses
$237,007
Fundraising expenses
$170,948
Program service expenses (Part III)
$5,441,248

Program services were 93.0% 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.

  • 1e · Government grants (contributions)

    $2,940,000

  • 1f · All other contributions, gifts and grants

    $2,579,517

  • 2a · Program service revenue: LOAN FEES & RELATED INTEREST

    total $1,298,904 · related or exempt $1,298,904

  • 2b · Program service revenue: RENTAL INCOME

    total $470,094 · related or exempt $470,094

  • 3 · Investment income

    total $1,003,356 · unrelated business $1,003,356

  • 11a · Other revenue: MISCELLANEOUS REVENUE

    total $22,500 · related or exempt $22,500

  • 11e · Other revenue, total

    $22,500

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,907,073 · program services $1,907,073

  • 5 · Compensation of officers, directors and key employees

    total $537,055 · program services $429,644 · management and general $53,705 · fundraising $53,706

  • 10 · Payroll taxes

    total $19,831 · program services $15,297 · management and general $2,622 · fundraising $1,912

  • 11a · Fees: management

    total $979,881 · program services $783,905 · management and general $97,988 · fundraising $97,988

  • 11b · Fees: legal

    total $152,617 · program services $122,751 · management and general $27,895 · fundraising $1,971

  • 11c · Fees: accounting

    total $80,211 · program services $64,515 · management and general $14,661 · fundraising $1,035

  • 11g · Fees: other

    total $154,327 · program services $124,126 · management and general $28,208 · fundraising $1,993

  • 13 · Office expenses

    total $37,878 · program services $32,570 · management and general $4,089 · fundraising $1,219

  • 17 · Travel

    total $84,319 · program services $82,052 · management and general $1,514 · fundraising $753

  • 20 · Interest

    total $1,028,929 · program services $1,028,929

  • 22 · Depreciation, depletion and amortization

    total $173,681 · program services $173,681

  • 23 · Insurance

    total $67,809 · program services $64,532 · management and general $2,125 · fundraising $1,152

  • 24a · Other expenses: PROVISION FOR LOAN LOSS

    total $569,929 · program services $569,929

  • 24b · Other expenses: MEMBERSHIP FEES

    total $30,302 · program services $17,350 · management and general $3,898 · fundraising $9,054

  • 24c · Other expenses: UTILITIES

    total $13,744 · program services $13,624 · management and general $120

  • 24d · Other expenses: COMPUTER & WEB MAINTENA

    total $11,617 · program services $11,270 · management and general $182 · fundraising $165

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $4,302,426 · end of year $2,372,313

  • 2 · Savings and temporary cash investments

    beginning of year $14,587,864 · end of year $9,247,806

  • 3 · Pledges and grants receivable

    end of year $23,924

  • 4 · Accounts receivable

    beginning of year $3,456,463

  • 7 · Other notes and loans receivable

    beginning of year $19,299,738 · end of year $24,907,516

  • 9 · Prepaid expenses and deferred charges

    end of year $57,988

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

    $346,667

  • 10c · Land, buildings and equipment, net

    beginning of year $16,425,123 · end of year $346,667

  • 11 · Investments: publicly traded securities

    beginning of year $6,831,141 · end of year $6,678,195

  • 12 · Investments: other securities

    beginning of year $6,679,716 · end of year $10,634,716

  • 15 · Other assets

    beginning of year $96,455 · end of year $16,304,871

  • 17 · Accounts payable and accrued expenses

    beginning of year $296,175 · end of year $179,753

  • 19 · Deferred revenue

    beginning of year $4,957,678 · end of year $2,137,678

  • 22 · Loans and payables to officers and key people

    end of year $4,000,087

  • 24 · Unsecured notes and loans payable

    beginning of year $50,700,000 · end of year $46,699,913

  • 25 · Other liabilities

    beginning of year $633,676 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $15,091,397 · end of year $15,538,887

  • 28 · Net assets with donor restrictions

    end of year $2,017,678

Mission and programs · 2024

Mission

AS A NATIONALLY CERTIFIED CDFI, DOF'S MISSION IS TO PROVIDE FINANCIAL PRODUCTS, TECHNICAL ASSISTANCE, EQUITY INVESTMENT AND FINANCIAL ADVISORY SERVICES THAT IMPROVE THE QUALITY OF LIFE AND BUILD PERSONAL WEALTH FOR PEOPLE WITH DISABILITIES AND THEIR FAMILIES, AND SUPPORT ORGANIZATIONS SERVING THIS MARKET.

  • COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION (CDFI) PROVIDING TECHNICAL AND FINANCIAL SERVICES TO INDIVIDUALS AND ORGANIZATIONS SERVING THE DISABILITY MARKET THROUGHOUT THE UNITED STATES, WITH A FOCUS ON AFFORDABLE HOUSING, SCHOOLS AND VOCATIONAL TRAINING CENTERS.

    Expenses $5,441,248 · Grants $1,907,073 · Revenue $1,427,212

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

Listed in Part VII

  • Larue Gibson

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Luis Donoso

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Justin Manaster

    ASSISTANT SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Cinnamon Chambers Lewis

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Diana Turoff

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Jazmine Da Costa

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • David Sweeny

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • D Edward Greene

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Carl Jenkins

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Isaac Wells

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Anne C Flannery

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Peter Schaeffing

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Charles D Hammerman

    PRESIDENT & CEO

    Total calculated
    $537,055
    From this org
    $537,055
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $337,055
    Bonus
    $200,000
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $537,055

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 · Compensation committee
  • 3 · Approval by the board or compensation committee
  • 7 · Other non-fixed payments

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
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 7
CHARLES HAMMERMAN RECEIVED A BONUS OF $200,000 WHICH WAS APPROVED BY THE FINANCE COMMITTEE.

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

  • THE SCHOOLHOUSE HOTEL

    $1,000,000

    RURAL ECONOMIC DEVELOPMENT AND EMPLOYMENT OF PEOPLE WITH DISABILITIES

  • DIF MANAGEMENT

    $80,000

    ECONOMIC DEVELOPMENT AND EMPLOYMENT OF PEOPLE WITH DISABILITIES

  • FLOREO

    $70,000

    AUTISM EDUCATION RESEARCH

  • INCLUSION INTERNATIONAL

    $50,000

    SUPPORT PUBLIC POLICY FOR PEOPLE WITH DISABILITIES

  • INFINITE ACCESS

    $50,000

    SUPPORT OF CDFI ACTIVITIESIN DISABILITIES

  • OPYA

    $50,000

    SUPPORT SERVICES FOR PEOPLE WITH DISABILITIES

  • TRILLIUM COLLECTIVE LTD

    $45,000

    EDUCATION CHILDREN WITH AUTISM

  • TRIPLE A & C

    $45,000

    TO SUPPORT SERVICES FOR INDIVIDUALS W/ DISBAILITIES

  • PEACEFUL FRUITS LLC

    $37,500

    SUPPORT EMPLOYMENT OF PEOPLE WITH DISABILITIES

  • WSS STRIDE

    $30,000

    RURAL ECONOMIC DEVELOPMENT AND EMPLOYMENT OF PEOPLE WITH DISABILITIES

The 10 largest by cash amount. The API serves every itemized grant.

Provenance

Return type
form_990
Tax year
2024
Filed
3 March 2025
IRS schema version
2024v5.0
Source object
202530629349301443

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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