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IMPACT DEVELOPMENT FUND

EIN 84-1505466 LOVELAND, CO

Revenue 2025
$46,471,972
Expenses 2025
$14,991,383

Program services were 91.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

As filed

Subsection
03
NTEE code
L120
Classification
1000
Street
200 E 7TH ST STE 412

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 · 2025

Mission

IMPACT DEVELOPMENT FUND CREATES ECONOMIC OPPORTUNITY BY DELIVERING FLEXIBLE CAPITAL TO STRENGTHEN UNDER-SERVED COMMUNITIES.

Activities or mission (Part I)

PROVIDES LOANS FOR AFFORDABLE HOUSING AND NONPROFIT FACILITIES.

  • IMPACT DEVELOPMENT FUND PROVIDES EARLY STAGE, SHORT-TERM LOANS TO AFFORDABLE HOUSING, NON-PROFIT COMMUNITY FACILITIES, AND NEIGHBORHOOD REVITALIZATION PROJECT DEVELOPERS THROUGHOUT AN EXPANDING REGION.

    Expenses $10,828,523 · Grants $900,000 · Revenue $8,357,635

  • IMPACT DEVELOPMENT FUND PROVIDES TECHNICAL ASSISTANCE TO NON-PROFIT AFFORDABLE HOUSING AND COMMUNITY SERVICE ORGANIZATIONS PLANNING TO RENOVATE, ACQUIRE, BUILD AND/OR EXPAND REAL ESTATE. THE TECHNICAL ASSISTANCE IS PROVIDED THROUGH WORKSHOPS AND ONE-ON-ONE CONSULTATION.

    Expenses $1,003,802 · Revenue $411,190

  • IN MAY 2021, THE FUND ESTABLISHED IMPACT DEVELOPMENT BUILDERS, LLC ("IDB") AS A COLORADO LIMITED LIABILITY COMPANY. THE PURPOSE OF IDB IS TO PROVIDE, ON A FEE OR OTHER BASIS, CONSTRUCTION, REPAIR, MAINTENANCE, AND SIMILAR CONSTRUCTION SERVICES TO CLIENTS AND NON-PROFIT PARTNERS IN THE AFFORDABLE HOUSING COMMUNITY, INCLUDING AQUIRING AND REHABILITATION OF DISTRESSED HOUSING UNITS AND CONSTRUCTION OF NEW DEVELOPMENT FOR SALE TO LOW AND MODERATE INCOME RESIDENTS.

    Expenses $1,807,653 · Revenue $2,098,799

As filed on the 2025 return.

Officers and directors · 2025

As listed in Part VII of the 2025 return, in the order the filer printed them. Each return names its own; this is not a roster the organization keeps with us.

  • BECKY CHRISTOFFERSEN

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • JAVONNI BUTLER

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • RANDY ILICH

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • MICAH HALVERSON

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • MARK OCONNOR

    PAST PRESIDENT

    Total calculated
    $0
    Hours/week
    3

  • KRISTI BUDISH

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • KRISTIN CANDELLA

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • RENEE GALLEGOS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • DAN KUSEL

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • ANNIE PERIZZOLO

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • BRIAN ROSSBERT

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • MARY STEGNER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • MEGAN FERGUSON

    CEO

    Total calculated
    $321,814
    From this org
    $294,987
    From related orgs
    $0
    Other
    $26,827
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $252,987
    Bonus
    $42,000
    Other
    $0
    Deferred
    $7,598
    Nontaxable benefits
    $19,229
    Filer's total
    $321,814

  • MARCIA MYERS

    CHIEF FINANCIAL OFFICER

    Total calculated
    $198,111
    From this org
    $189,458
    From related orgs
    $0
    Other
    $8,653
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $179,258
    Bonus
    $10,200
    Other
    $0
    Deferred
    $5,384
    Nontaxable benefits
    $3,269
    Filer's total
    $198,111

  • ERICA MADISON

    CHIEF LENDING OFFICER (THRU 11/21/25)

    Total calculated
    $223,091
    From this org
    $200,297
    From related orgs
    $0
    Other
    $22,794
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $174,047
    Bonus
    $26,250
    Other
    $0
    Deferred
    $5,219
    Nontaxable benefits
    $17,575
    Filer's total
    $223,091

  • RACHEL TWEEDY

    CHIEF OPERATING OFFICER

    Total calculated
    $166,378
    From this org
    $155,674
    From related orgs
    $0
    Other
    $10,704
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $135,986
    Bonus
    $19,688
    Other
    $0
    Deferred
    $4,080
    Nontaxable benefits
    $6,624
    Filer's total
    $166,378

  • CONNIE EALEY

    CHIEF ADMINISTRATIVE OFFICER

    Total calculated
    $188,214
    From this org
    $180,355
    From related orgs
    $0
    Other
    $7,859
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $157,105
    Bonus
    $23,250
    Other
    $0
    Deferred
    $4,713
    Nontaxable benefits
    $3,146
    Filer's total
    $188,214

  • JUSTIN HILL

    DIRECTOR OF CLEAN ENERGY LENDING

    Total calculated
    $177,989
    From this org
    $172,687
    From related orgs
    $0
    Other
    $5,302
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $154,687
    Bonus
    $18,000
    Other
    $0
    Deferred
    $4,641
    Nontaxable benefits
    $661
    Filer's total
    $177,989

  • AARON FERGUSON

    CHIEF CONSTRUCTION OFFICER

    Total calculated
    $177,820
    From this org
    $163,843
    From related orgs
    $0
    Other
    $13,977
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $142,843
    Bonus
    $21,000
    Other
    $0
    Deferred
    $4,293
    Nontaxable benefits
    $9,684
    Filer's total
    $177,820

  • KATHERINE PALMER

    CHIEF POLICY & PERFORMANCE OFFICER

    Total calculated
    $160,367
    From this org
    $144,789
    From related orgs
    $0
    Other
    $15,578
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $134,189
    Bonus
    $10,600
    Other
    $0
    Deferred
    $4,026
    Nontaxable benefits
    $11,552
    Filer's total
    $160,367

  • ROHANA PARKS

    CHIEF PEOPLE OFFICER

    Total calculated
    $128,411
    From this org
    $127,641
    From related orgs
    $0
    Other
    $770
    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. Earlier years are each on their own filing page.

Filings

  • 2025
    Revenue
    $46,471,972
    Expenses
    $14,991,383
    Contributions
    $33,193,061
    Grants paid
    $900,000
  • 2024
    Revenue
    $35,219,885
    Expenses
    $10,869,545
    Contributions
    $25,327,476
    Grants paid
    $0
  • 2023
    Revenue
    $13,003,579
    Expenses
    $7,133,076
    Contributions
    $6,441,886
    Grants paid
    $0
  • 2022
    Revenue
    $5,955,090
    Expenses
    $4,118,790
    Contributions
    $1,063,750
    Grants paid
    $140,250

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

  • 2021 · 990

    Revenue
    $7,972,654
    Expenses
    $4,020,525
    Assets (EOY)
    $94,189,803

  • 2020 · 990

    Revenue
    $4,547,385
    Expenses
    $2,609,438
    Assets (EOY)
    $49,319,911

  • 2019 · 990

    Revenue
    $4,191,129
    Expenses
    $2,036,587
    Assets (EOY)
    $36,814,647

  • 2017 · 990

    Revenue
    $1,087,192
    Expenses
    $1,014,235
    Assets (EOY)
    $21,997,560

  • 2016 · 990

    Revenue
    $802,824
    Expenses
    $1,231,779
    Assets (EOY)
    $18,544,605

  • 2015 · 990

    Revenue
    $917,531
    Expenses
    $865,461
    Assets (EOY)
    $17,722,400

  • 2014 · 990

    Revenue
    $1,012,422
    Expenses
    $687,275
    Assets (EOY)
    $15,255,986

  • 2013 · 990

    Revenue
    $977,869
    Expenses
    $631,529
    Assets (EOY)
    $13,795,782

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.

Grants made

  • SWISS VILLAGE COOP

    $900,000

    2025 HOUSING PRESERVATION

  • PROJECT MOXIE

    $140,250

    2022 TO PROVIDE AFFORDABLE HOUSING SERVICES

Where these grants went next →

Grants received

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

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 2025 return

  • IMPACT DEVELOPMENT BUILDERS LLC

    DEVELOP & SELL REAL PROPERTY, CONSTRUCTION SERVICES, REPAIR, MAINT. · CO · income $2,098,799 · assets $3,996,483

  • IDB - 1331 E 4TH STREET LOVELAND LLC

    DEVELOP REAL PROPERTY AND SELL SUCH PROPERTY · CO · income $0 · assets $0

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 2025, the newest we have parsed for this organization.