Totals
- Total revenue
- $23,699,129
- Total expenses
- $13,869,670
- Contributions and grants received
- $16,433,352
- Grants paid
- $495,093
- Program service revenue
- $6,630,740
- Investment income
- $628,013
- Other revenue
- $7,024
- Total assets, end of year
- $97,649,169
- Total liabilities, end of year
- $66,630,904
- Net assets or fund balances, end of year
- $31,018,265
- Program services expenses (Part IX)
- $11,492,921
- Management and general expenses
- $1,782,334
- Fundraising expenses
- $594,415
- Program service expenses (Part III)
- $11,492,921
Program services were 82.9% 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)
$2,295,318
-
1f · All other contributions, gifts and grants
$14,138,034
-
2a · Program service revenue: SMALL BUSINESS LENDING PROGRAM
total $4,711,706 · related or exempt $4,711,706
-
2b · Program service revenue: NMTC INCOME
total $1,576,300 · related or exempt $1,576,300
-
2c · Program service revenue: 504 INCOME
total $333,452 · related or exempt $333,452
-
2d · Program service revenue: PROGRAM ADMIN FEE INCOME
total $9,282 · related or exempt $9,282
-
3 · Investment income
total $514,936 · excluded $514,936
-
6a · Gross rents
real property $7,024
-
6b · Less rental expenses
real property $0
-
6c · Rental income or loss
real property $7,024
-
6d · Net rental income or loss
total $7,024 · excluded $7,024
-
7a · Gross sales of assets other than inventory
securities $4,498,843 · other assets $1,000
-
7b · Less cost or other basis and sales expenses
securities $4,386,766 · other assets $0
-
7c · Gain or loss
securities $112,077 · other assets $1,000
-
7d · Net gain or loss
total $113,077 · excluded $113,077
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $495,093 · program services $495,093
-
5 · Compensation of officers, directors and key employees
total $558,183 · program services $104,543 · management and general $361,678 · fundraising $91,962
-
7 · Other salaries and wages
total $4,506,338 · program services $3,870,215 · management and general $450,122 · fundraising $186,001
-
8 · Pension plan contributions
total $118,923 · program services $104,070 · management and general $9,608 · fundraising $5,245
-
9 · Other employee benefits
total $385,340 · program services $324,509 · management and general $42,693 · fundraising $18,138
-
10 · Payroll taxes
total $375,333 · program services $296,782 · management and general $58,240 · fundraising $20,311
-
11b · Fees: legal
total $105,509 · management and general $105,509
-
11c · Fees: accounting
total $125,400 · management and general $125,400
-
11f · Fees: investment management
total $25,200 · management and general $25,200
-
11g · Fees: other
total $440,814 · program services $212,561 · management and general $45,012 · fundraising $183,241
-
12 · Advertising and promotion
total $125,557 · management and general $125,557
-
13 · Office expenses
total $196,525 · program services $155,396 · management and general $30,495 · fundraising $10,634
-
14 · Information technology
total $531,644 · program services $420,380 · management and general $82,495 · fundraising $28,769
-
16 · Occupancy
total $253,262 · program services $200,259 · management and general $39,298 · fundraising $13,705
-
17 · Travel
total $94,484 · program services $74,710 · management and general $14,661 · fundraising $5,113
-
19 · Conferences, conventions and meetings
total $38,235 · program services $30,233 · management and general $5,933 · fundraising $2,069
-
20 · Interest
total $1,155,091 · program services $1,155,091
-
22 · Depreciation, depletion and amortization
total $420,281 · program services $332,324 · management and general $65,214 · fundraising $22,743
-
23 · Insurance
total $95,607 · program services $75,598 · management and general $14,835 · fundraising $5,174
-
24a · Other expenses: PROVISION FOR LOAN LOSS
total $3,497,828 · program services $3,497,828
-
24b · Other expenses: CLOSING COSTS
total $124,182 · program services $124,182
-
24c · Other expenses: REPAIRS & MAINTENANCE
total $20,518 · program services $16,224 · management and general $3,184 · fundraising $1,110
-
24d · Other expenses: STAFF/VOLUNTEER APPRECI
total $3,697 · program services $2,923 · management and general $574 · fundraising $200
-
24e · All other expenses
total $176,626 · management and general $176,626
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $6,667,774 · end of year $8,932,020
-
2 · Savings and temporary cash investments
beginning of year $1,446,098 · end of year $1,669,547
-
4 · Accounts receivable
beginning of year $2,413,507 · end of year $2,636,852
-
7 · Other notes and loans receivable
beginning of year $16,359,912 · end of year $21,951,265
-
9 · Prepaid expenses and deferred charges
beginning of year $175,597 · end of year $181,858
-
10a · Land, buildings and equipment: cost or other basis
$5,911,634
-
10b · Land, buildings and equipment: accumulated depreciation
$2,278,122
-
10c · Land, buildings and equipment, net
beginning of year $3,703,777 · end of year $3,633,512
-
11 · Investments: publicly traded securities
beginning of year $4,498,843 · end of year $14,714,298
-
13 · Investments: program-related
beginning of year $39,761,726 · end of year $43,736,928
-
15 · Other assets
beginning of year $242,009 · end of year $192,889
-
17 · Accounts payable and accrued expenses
beginning of year $1,147,890 · end of year $1,629,242
-
19 · Deferred revenue
beginning of year $562,639 · end of year $1,750,000
-
23 · Secured mortgages and notes payable
beginning of year $5,711,288 · end of year $8,904,869
-
24 · Unsecured notes and loans payable
beginning of year $46,427,575 · end of year $54,215,417
-
25 · Other liabilities
beginning of year $235,265 · end of year $131,376
-
27 · Net assets without donor restrictions
beginning of year $19,482,773 · end of year $29,986,717
-
28 · Net assets with donor restrictions
beginning of year $1,701,813 · end of year $1,031,548
Mission and programs · 2024
Mission
PEOPLEFUND CREATES ECONOMIC OPPORTUNITY AND FINANCIAL STABILITY FOR UNDERSERVED PEOPLE AND COMMUNITIES BY PROVIDING ACCESS TO CAPITAL, EDUCATION, AND RESOURCES TO BUILD HEALTHY SMALL BUSINESSES.
Activities or mission (Part I)
CREATING ECONOMIC OPPORTUNITY AND FINANCIAL STABILITY FOR UNDERSERVED PEOPLE AND COMMUNITIES.
-
PEOPLEFUND IS A 501(C)(3) NONPROFIT CORPORATION WHOSE MISSION IS TO PROMOTE ECONOMIC VITALITY AND OPPORTUNITY IN LOW INCOME COMMUNITIES BY PROVIDING FINANCIAL SERVICES AND TECHNICAL ASSISTANCE THAT WILL: CREATE JOBS, PROVIDE NEEDED GOODS AND SERVICES, IMPROVE THE PHYSICAL ENVIRONMENT, PROMOTE DIVERSITY, ENTREPRENEURIAL SUCCESS, AND BUILD INDIVIDUAL AND COMMUNITY ASSETS. PEOPLEFUND PROVIDES FINANCING AND COMPREHENSIVE TECHNICAL ASSISTANCE SERVICES TO BUSINESSES, COMMUNITY ORGANIZATIONS, AND MICROENTERPRISES IN LOWER INCOME COMMUNITIES THROUGHOUT TEXAS.
Expenses $11,492,921 · Grants $495,093 · Revenue $6,630,740
As filed on the 2024 return.
Listed in Part VII
-
Luther BranhamLUTHER BRANHAM
CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Nina NelmsNINA NELMS
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Larry MillerLARRY MILLER
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Anna SanchezANNA SANCHEZ
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Beth LipsonBETH LIPSON
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Cecilia CasteloCECILIA CASTELO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jack NelsonJACK NELSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
John BurerJOHN BURER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Dorothy CleavesDOROTHY CLEAVES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Nena ShahNENA SHAH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Bryan RubioBRYAN RUBIO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Mike MoskovitzMIKE MOSKOVITZ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Mike StittMIKE STITT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Melinda CostaMELINDA COSTA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Gustavo LasalaGUSTAVO LASALA
PRESIDENT AND CEO
- Total calculated
- $306,537
- From this org
- $284,945
- From related orgs
- $0
- Other
- $21,592
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $243,816
- Bonus
- $41,129
- Other
- $0
- Deferred
- $6,826
- Nontaxable benefits
- $14,766
- Filer's total
- $306,537
-
Anthony HedgerANTHONY HEDGER
CFO
- Total calculated
- $251,646
- From this org
- $225,654
- From related orgs
- $0
- Other
- $25,992
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $208,976
- Bonus
- $16,678
- Other
- $0
- Deferred
- $9,026
- Nontaxable benefits
- $16,966
- Filer's total
- $251,646
-
Jennifer PalecekJENNIFER PALECEK
SVP OF PHILANTHROPIC PARTNERSHIPS
- Total calculated
- $194,566
- From this org
- $178,149
- From related orgs
- $0
- Other
- $16,417
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $164,982
- Bonus
- $13,167
- Other
- $0
- Deferred
- $4,239
- Nontaxable benefits
- $12,178
- Filer's total
- $194,566
-
William AndersonWILLIAM ANDERSON
DIRECTOR OF LENDING
- Total calculated
- $155,219
- From this org
- $137,560
- From related orgs
- $0
- Other
- $17,659
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $109,187
- Bonus
- $28,373
- Other
- $0
- Deferred
- $4,876
- Nontaxable benefits
- $12,783
- Filer's total
- $155,219
-
Oscar Fernando AlmanzaOSCAR FERNANDO ALMANZA
CIO
- Total calculated
- $181,332
- From this org
- $168,732
- From related orgs
- $0
- Other
- $12,600
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $156,732
- Bonus
- $12,000
- Other
- $0
- Deferred
- $6,269
- Nontaxable benefits
- $6,331
- Filer's total
- $181,332
-
Patricia Colomo BarayPATRICIA COLOMO BARAY
DIRECTOR OF ASSET PROTECTION
- Total calculated
- $126,719
- From this org
- $111,599
- From related orgs
- $0
- Other
- $15,120
- Hours/week
- 40
-
Stone CarrollSTONE CARROLL
DIRECTOR OF UNDERWRITING
- Total calculated
- $124,854
- From this org
- $108,841
- From related orgs
- $0
- Other
- $16,013
- 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
- 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 3
- COMPENSATION FOR THE PRESIDENT & CEO IS DETERMINED BY THE EXECUTIVE COMMITTEE AND SUBSEQUENTLY RATIFIED BY THE BOARD USING COMPARABILITY DATA FROM SIMILAR SIZED NONPROFITS IN THE REGION. THE DECISION AND APPROVAL OF COMPENSATION IS DOCUMENTED AND MAINTAINED IN THE EMPLOYEE FILE AND IN THE BOARD/COMMITTEE MEETING MINUTES. COMPENSATION FOR OTHER OFFICERS AND KEY EMPLOYEES IS DETERMINED BY THE PRESIDENT & CEO USING COMPARABILITY DATA FROM SIMILAR SIZED NONPROFITS IN THE REGION.
- PART I, LINE 7
- THE ORGANIZATION PROVIDED NON-FIXED PAYMENTS IN THE FORM OF BONUSES TO CERTAIN INDIVIDUALS REPORTED ON FORM 990, PART VII WHICH ARE DISCRETIONARY (BASED ON COMPANY AND INDIVIDUAL PERFORMANCE) AND APPROVED BY THE BOARD AND/OR CEO (AS APPROPRIATE).
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.
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.
-
VETERAN LOAN FUND LLC
SUPPORT CDFIS THAT PROVIDE ASSISTANCE TO VETERANS · DE · income $338,093 · assets $11,207,594
Directly controlled by PEOPLEFUND
-
VETERAN LOAN FUND 2 LLC
SUPPORT CDFIS THAT PROVIDE ASSISTANCE TO VETERANS · DE · income $50,547 · assets $7,504,206
Directly controlled by PEOPLEFUND
Related partnerships
Part III: related organizations taxable as a partnership, with the filer's share.
-
PEOPLEFUND NMTC LLC
RELATED · NMTC PROGRAM · TX · 99% owned
Directly controlled by PEOPLEFUND
-
PEOPLEFUND ADVISORS LLC
RELATED · LOAN ORIGINATION · DC · 50.1% owned · general or managing partner
Directly controlled by PEOPLEFUND
-
PEOPLEFUND NMTC 4 LLC
N/A · NMTC PROGRAM · TX
-
PEOPLEFUND NMTC 5 LLC
N/A · NMTC PROGRAM · TX
-
PEOPLEFUND NMTC 6 LLC
N/A · NMTC PROGRAM · TX
-
PEOPLEFUND NMTC 7 LLC
N/A · NMTC PROGRAM · TX
-
PEOPLEFUND NMTC 8 LLC
N/A · NMTC PROGRAM · TX
-
PEOPLEFUND NMTC 9 LLC
N/A · NMTC PROGRAM · TX
-
PEOPLEFUND NMTC 10 LLC
N/A · NMTC PROGRAM · TX
-
PEOPLEFUND NMTC 11 LLC
N/A · NMTC PROGRAM · TX
-
PEOPLEFUND NMTC 12 LLC
N/A · NMTC PROGRAM · TX
-
PEOPLEFUND NMTC 13 LLC
N/A · NMTC PROGRAM · TX
-
PEOPLEFUND NMTC 14 LLC
N/A · NMTC PROGRAM · TX
-
PEOPLEFUND NMTC 15 LLC
N/A · NMTC PROGRAM · TX
-
PEOPLEFUND NMTC 16 LLC
N/A · NMTC PROGRAM · TX
-
PEOPLEFUND NMTC 17 LLC
N/A · NMTC PROGRAM · TX
-
PEOPLEFUND NMTC 18 LLC
N/A · NMTC PROGRAM · TX
-
PEOPLEFUND NMTC 19 LLC
N/A · NMTC PROGRAM · TX
-
PEOPLEFUND NMTC 20 LLC
N/A · NMTC PROGRAM · TX
-
PEOPLEFUND NMTC 21 LLC
N/A · NMTC PROGRAM · TX
-
PEOPLEFUND NMTC 22 LLC
N/A · NMTC PROGRAM · TX
-
PEOPLEFUND NMTC 23 LLC
N/A · NMTC PROGRAM · TX
-
PEOPLEFUND NMTC 24 LLC
N/A · NMTC PROGRAM · TX
-
PEOPLEFUND NMTC 25 LLC
N/A · NMTC PROGRAM · TX
-
PEOPLEFUND NMTC 26 LLC
N/A · NMTC PROGRAM · TX
-
PEOPLEFUND NMTC 27 LLC
N/A · NMTC PROGRAM · TX
-
PEOPLEFUND NMTC 28 LLC
N/A · NMTC PROGRAM · TX
-
PEOPLEFUND NMTC 29 LLC
N/A · NMTC PROGRAM · TX
-
PEOPLEFUND NMTC 30 LLC
N/A · NMTC PROGRAM · TX
-
PEOPLEFUND NMTC 31 LLC
N/A · NMTC PROGRAM · TX
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 5 May 2025
- IRS schema version
- 2024v5.1
- Source object
- 202541269349301014
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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