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CALVERT IMPACT CAPITAL INC

EIN 52-1591398 BETHESDA, MD

Revenue 2024
$39,494,064
Expenses 2024
$30,809,389

Program services were 91.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

As filed

Subsection
03
NTEE code
S300
Classification
2000
Street
7550 WISCONSIN AVENUE 8TH FLOOR

These codes are the IRS's own and are shown exactly as filed. What each one means is in the Business Master File documentation (opens in a new tab).

Mission and programs · 2024

Mission

CALVERT IMPACT CAPITAL, INC. WORKS FOR THE BENEFIT OF UNDERSERVED COMMUNITIES AND INDIVIDUALS AND TO ACHIEVE A MORE EQUITABLE AND SUSTAINABLE WORLD BY MAXIMIZING THE FLOW OF CAPITAL IN FURTHERANCE OF SUCH GOALS.

  • CALVERT IMPACT CAPITAL'S COMMUNITY INVESTMENT NOTES ARE DEBT SECURITIES THAT HELP TO CHANNEL INVESTOR CAPITAL TO HIGH-IMPACT COMMUNITY DEVELOPMENT INITIATIVES. THE CAPITAL RAISED THROUGH THE NOTES DIRECTLY SUPPORTS THE FINANCING NEEDS OF DOMESTIC AND INTERNATIONAL COMMUNITY DEVELOPMENT ORGANIZATIONS, PROJECTS, FUNDS, AND OTHER SOCIAL ENTERPRISES IN FURTHERANCE OF CALVERT IMPACT CAPITAL'S TAX EXEMPT MISSION.

    Expenses $28,249,703 · Revenue $37,618,442

As filed on the 2024 return.

Officers and directors · 2024

As listed in Part VII of the 2024 return, in the order the filer printed them. Each return names its own; this is not a roster the organization keeps with us.

  • JENNIFER PRYCE

    PRESIDENT & CEO

    Total calculated
    $721,131
    From this org
    $664,155
    From related orgs
    $0
    Other
    $56,976
    Hours/week
    20 + 20 related

    Schedule J breakdown matched by us

    Base
    $533,414
    Bonus
    $130,741
    Other
    $0
    Deferred
    $27,600
    Nontaxable benefits
    $29,376
    Filer's total
    $721,131

  • DEREK STROCHER

    CHIEF FINANCIAL OFFICER

    Total calculated
    $520,232
    From this org
    $463,256
    From related orgs
    $0
    Other
    $56,976
    Hours/week
    20 + 20 related

    Schedule J breakdown matched by us

    Base
    $388,256
    Bonus
    $75,000
    Other
    $0
    Deferred
    $27,600
    Nontaxable benefits
    $29,376
    Filer's total
    $520,232

  • ELIZABETH BAFFORD

    VP, SYNDICATIONS & STRATEGY

    Total calculated
    $495,597
    From this org
    $438,621
    From related orgs
    $0
    Other
    $56,976
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $383,621
    Bonus
    $55,000
    Other
    $0
    Deferred
    $27,600
    Nontaxable benefits
    $29,376
    Filer's total
    $495,597

  • JUSTIN CONWAY

    SECRETARY, PRESIDENT OF CIP

    Total calculated
    $427,809
    From this org
    $370,833
    From related orgs
    $0
    Other
    $56,976
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $315,833
    Bonus
    $55,000
    Other
    $0
    Deferred
    $27,600
    Nontaxable benefits
    $29,376
    Filer's total
    $427,809

  • CATHERINE GODSCHALK

    VP, LENDING

    Total calculated
    $405,266
    From this org
    $348,290
    From related orgs
    $0
    Other
    $56,976
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $293,290
    Bonus
    $55,000
    Other
    $0
    Deferred
    $27,600
    Nontaxable benefits
    $29,376
    Filer's total
    $405,266

  • EMMELINE LIU

    GENERAL COUNSEL

    Total calculated
    $394,101
    From this org
    $337,125
    From related orgs
    $0
    Other
    $56,976
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $287,125
    Bonus
    $50,000
    Other
    $0
    Deferred
    $27,600
    Nontaxable benefits
    $29,376
    Filer's total
    $394,101

  • LAURI MICHEL

    VP, RISK MANAGEMENT

    Total calculated
    $390,163
    From this org
    $334,757
    From related orgs
    $0
    Other
    $55,406
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $284,757
    Bonus
    $50,000
    Other
    $0
    Deferred
    $26,816
    Nontaxable benefits
    $28,590
    Filer's total
    $390,163

  • ANN DOBBYN

    VP, CONTROLLER

    Total calculated
    $263,980
    From this org
    $225,900
    From related orgs
    $0
    Other
    $38,080
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $190,900
    Bonus
    $35,000
    Other
    $0
    Deferred
    $18,427
    Nontaxable benefits
    $19,653
    Filer's total
    $263,980

  • DR JENNIFER ISERN

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • ARON BETRU

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • RUMA BOSE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MEESHA BROWN

    DIRECTOR (OUTGOING 2024)

    Total calculated
    $0
    Hours/week
    1

  • DEBORAH BURAND

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DEENA BURJORJEE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MARIO ESPINOSA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • PHIL KIRSHMAN

    DIRECTOR/GOVERNANCE & PENSION COMMITTEE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • LYNN NGUYEN

    DIRECTOR (OUTGOING 2024)

    Total calculated
    $0
    Hours/week
    1

  • SCOTT PAGE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DECKER ROLPH

    DIRECTOR/COMPENSATION COMMITTEE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • KATHY STEARNS

    DIRECTOR/CREDIT COMMITTEE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • LISA BUHAIN WINSLOW

    DIRECTOR/RISK COMMITTEE CHAIR (INCOMING 2024)

    Total calculated
    $0
    Hours/week
    1

  • FERN THOMAS

    DIRECTOR/AUDIT & FINANCE COMMITTEE CHAIR

    Total calculated
    $0
    Hours/week
    1

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. Earlier years are each on their own filing page.

Filings

  • 2024
    Revenue
    $39,494,064
    Expenses
    $30,809,389
    Contributions
    $479,267
    Grants paid
    $0
  • 2023
    Revenue
    $33,426,249
    Expenses
    $36,826,893
    Contributions
    $684,624
    Grants paid
    $0
  • 2022
    Revenue
    $30,134,256
    Expenses
    $31,119,797
    Contributions
    $4,951,019
    Grants paid
    $559,589

The four totals the IRS asks for on Part I of the Form 990, as filed. A dash means the figure was not present on the return — not that it was zero.

Other returns filed

  • 2024 · 990-T

    Revenue
    not reported
    Expenses
    not reported
    Assets (EOY)
    not reported

  • 2023 · 990-T

    Revenue
    not reported
    Expenses
    not reported
    Assets (EOY)
    not reported

  • 2022 · 990-T

    Revenue
    not reported
    Expenses
    not reported
    Assets (EOY)
    not reported

  • 2021 · 990

    Revenue
    $23,234,500
    Expenses
    $25,464,322
    Assets (EOY)
    $679,643,317

  • 2021 · 990-T

    Revenue
    not reported
    Expenses
    not reported
    Assets (EOY)
    not reported

  • 2020 · 990

    Revenue
    $22,517,069
    Expenses
    $23,816,378
    Assets (EOY)
    $612,922,504

  • 2020 · 990-T

    Revenue
    not reported
    Expenses
    not reported
    Assets (EOY)
    not reported

  • 2019 · 990

    Revenue
    $23,978,642
    Expenses
    $20,095,436
    Assets (EOY)
    $532,025,808

  • 2018 · 990

    Revenue
    $18,292,901
    Expenses
    $16,966,395
    Assets (EOY)
    $473,574,255

  • 2016 · 990

    Revenue
    $19,765,844
    Expenses
    $17,814,339
    Assets (EOY)
    $368,857,156

Nonprofiteer parses Forms 990, 990-EZ and 990-PF, in a window of recent tax years. These returns are recorded from the IRS e-file index, so their figures were extracted by that index rather than read from the return here — treat them as a different source from the filings above, not as more of the same record. A dash means the index carries no figure; Form 990-T listings carry none at all. Showing the 10 most recent; the API carries the rest.

Grants made

No itemized grants to organizations. Schedule I is filed only by organizations that granted more than $5,000 to a recipient, so most filers have none.

Grants received

Related organizations

From Schedule R Part II, where a filer lists the tax-exempt organizations it is related to by control. It does not record shared board members or money.

Declared on its 2024 return

Declared as related by

Taxable family

From Schedule R Parts I, III and IV: entities that legally are the filer, and taxable partnerships, corporations and trusts it is related to. These record ownership and control, not shared board members or money.

Disregarded entities on its 2024 return

Related partnerships on its 2024 return

Related corporations and trusts on its 2024 return

Other IRS files

Auto-Revocation List

Not listed. The IRS publishes this list for organizations whose exemption was automatically revoked for failing to file for three consecutive years.

Publication 78

Listed as of 13 October 2026, under deductibility PC.

These are two separate IRS files on two separate schedules, shown as published and not reconciled with each other. Neither is a statement about whether a contribution is deductible today: 19,245 organizations appear in Publication 78 while the IRS's own revocation file lists them as currently revoked, more than half of those revoked before 2019. Absence from Publication 78 is evidence of nothing, and presence is not evidence either. Verify current status with the IRS before relying on it.

What this page reflects

The registration facts above come from the IRS Business Master File published 13 October 2026 and read 26 October 2026, for every organization at once. Returns through tax year 2024, the newest we have parsed for this organization.