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← WORKING SOLUTIONS CDFI

Form 990 for tax year 2024

Filed by WORKING SOLUTIONS CDFI.

Totals

Total revenue
$4,517,533
Total expenses
$5,062,982
Contributions and grants received
$2,439,542
Grants paid
$0
Program service revenue
$1,976,047
Investment income
$101,944
Other revenue
$0
Total assets, end of year
$23,135,892
Total liabilities, end of year
$14,103,238
Net assets or fund balances, end of year
$9,032,654
Program services expenses (Part IX)
$3,952,504
Management and general expenses
$811,612
Fundraising expenses
$298,866
Program service expenses (Part III)
$3,952,504

Program services were 78.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • PALOMA VIDGEN

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    2

  • OLIVIA REBANAL

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    2

  • CHRISTINA TRAVERS

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • MINDY CHRISTENSEN

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • MARISA CALDERON

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • HASEEB CHAUDHRY

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • EMILY GASNER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • TATE HILL

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • WILL JACKSON

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • BRIAN NAGENDRA

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • LENA ROBINSON

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • MARCI ROSENFELD

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • GASPER MAGALLANES

    CHIEF FINANCIAL OFFICER

    Total calculated
    $191,649
    From this org
    $151,075
    From related orgs
    $0
    Other
    $40,574
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $149,770
    Bonus
    $0
    Other
    $1,305
    Deferred
    $5,288
    Nontaxable benefits
    $35,286
    Filer's total
    $191,649

  • SARA RAZAVI

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $188,427
    From this org
    $182,055
    From related orgs
    $0
    Other
    $6,372
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $177,243
    Bonus
    $0
    Other
    $4,812
    Deferred
    $6,372
    Nontaxable benefits
    $0
    Filer's total
    $188,427

  • LAURA HOOVER

    CHIEF DEVELOPMENT OFFICER

    Total calculated
    $215,665
    From this org
    $166,053
    From related orgs
    $0
    Other
    $49,612
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $164,973
    Bonus
    $0
    Other
    $1,080
    Deferred
    $5,812
    Nontaxable benefits
    $43,800
    Filer's total
    $215,665

  • TITILOPE IKHILE

    CHIEF PROGRAM OFFICER

    Total calculated
    $202,600
    From this org
    $164,731
    From related orgs
    $0
    Other
    $37,869
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $152,202
    Bonus
    $10,000
    Other
    $2,529
    Deferred
    $5,766
    Nontaxable benefits
    $32,103
    Filer's total
    $202,600

  • JOHN PALYO

    CHIEF LENDING OFFIER (THRU 7/2024)

    Total calculated
    $189,235
    From this org
    $161,243
    From related orgs
    $0
    Other
    $27,992
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $92,473
    Bonus
    $0
    Other
    $68,770
    Deferred
    $0
    Nontaxable benefits
    $27,992
    Filer's total
    $189,235

  • DEBRA STEINEMAN

    SENIOR ACCOUNTING MANAGER

    Total calculated
    $155,627
    From this org
    $126,022
    From related orgs
    $0
    Other
    $29,605
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $118,062
    Bonus
    $6,130
    Other
    $1,830
    Deferred
    $4,411
    Nontaxable benefits
    $25,194
    Filer's total
    $155,627

  • NATALYA BLUMENFELD

    DIRECTOR OF DATA & IMPACT

    Total calculated
    $135,798
    From this org
    $118,261
    From related orgs
    $0
    Other
    $17,537
    Hours/week
    40

  • SABRINA ADAMS

    GRANTS OFFICER

    Total calculated
    $124,978
    From this org
    $104,480
    From related orgs
    $0
    Other
    $20,498
    Hours/week
    40

  • CHRISTIAN KNIGHT

    DIRECTOR OF PORTFOLIO MANAGEMENT

    Total calculated
    $122,065
    From this org
    $114,940
    From related orgs
    $0
    Other
    $7,125
    Hours/week
    40

  • LYNNDA MORI

    BUSINESS CONSULTING MANAGER

    Total calculated
    $120,605
    From this org
    $116,527
    From related orgs
    $0
    Other
    $4,078
    Hours/week
    40

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

  • 1a · Health or social club dues or initiation fees
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4a · Severance or change-of-control payment
  • 7 · Other non-fixed payments

Answered no

  • 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 1A
ALL EMPLOYEES (INCLUDING THE LISTED EMPLOYEES IN FORM 990, PART VII, SECTION A) ARE ELIGIBLE TO RECEIVE REIMBURSEMENT FOR GYM MEMBERSHIPS/FITNESS CENTER DUES, WHICH IS REPORTED AS TAXABLE COMPENSATION TO THE EMPLOYEE.
PART I, LINE 4A
DURING THE 2024 CALENDAR YEAR JOHN PALYO RECEIVED A $53,533 TAXABLE SEVERANCE PAYMENT.
PART I, LINE 7
BONUSES, WHEN BEING MADE, ARE CALCULATED UTILIZING A FORMULA, A COMPONENT OF WHICH REQUIRES THE USE OF DISCRETION BY INDIVIDUALS DETERMINING THE AMOUNT OF BONUS AWARDED.

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.

Provenance

Return type
form_990
Tax year
2024
Filed
17 February 2026
IRS schema version
2024v5.5
Source object
202600499349300400

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