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WASHINGTON AREA COMMUNITY INVESTMENT FUND INC

EIN 54-1442466 WASHINGTON, DC

Revenue 2025
$6,672,318
Expenses 2025
$6,907,756

Program services were 62.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

As filed

Subsection
03
Classification
1000
Street
2012 RHODE ISLAND AVE NE

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

THE WASHINGTON AREA COMMUNITY INVESTMENT FUND (WACIF) IS A NONPROFIT COMMUNITY LOAN FUND FOCUSED ON INCREASING EQUITY AND ECONOMIC OPPORTUNITY IN THE WASHINGTON, DC AREA'S UNDERSERVED COMMUNITIES. WACIF'S MISSION IS DRIVEN BY THREE STRATEGIC PILLARS: INCLUSIVE ENTREPRENEURSHIP, COMMUNITY WEALTH BUILDING, AND EQUITABLE ECONOMIC OPPORTUNITY, AND IS FULFILLED BY PROVIDING ACCESS TO CAPITAL PRODUCTS AND SERVICES, AND CAPACITY BUILDING ADVISORY SERVICES TO LOW- AND MODERATE-INCOME ENTREPRENEURS.

Activities or mission (Part I)

TO INCREASE EQUITY AND ECONOMIC OPPORTUNITY BY INVESTING KNOWLEDGE, SOCIAL, AND FINANCIAL CAPITAL IN LOW- AND MODERATE-INCOME WASHINGTON AREA ENTREPRENEURS.

  • SMALL BUSINESS ADVISORY SERVICES - WACIF PROVIDES A VARIETY OF ADVISORY OPPORTUNITIES IN UNDERSERVED D.C. AREA COMMUNITIES INCLUDING GROUP CLASSES, ONE-ON-ONE ADVISEMENT ON SPECIFIC CAPACITY BUILDING ISSUES TO IDENTIFY AREAS OF GROWTH, AND INTENSIVE, COHORT-BASED PROGRAMS LIKE OUR ASCEND CAPITAL ACCELERATOR. WACIF'S SMALL BUSINESS ADVISORY EXPERTISE AND OFFERINGS COVER TOPICS INCLUDING BUSINESS PLANNING, MARKETING, FINANCIAL MANAGEMENT, LAW, REAL ESTATE, AND GETTING TRANSACTION-READY.IN 2025, WACIF MADE A POWERFUL DIFFERENCE, DELIVERING A TRANSFORMATIVE YEAR OF IMPACT. WACIF HOSTED 109 EVENTS WITH A COMBINED 1057 ATTENDEES AND PROVIDED OVER 591 HOURS OF TECHNICAL ASSISTANCE, EMPOWERING ENTREPRENEURS AND SMALL BUSINESS OWNERS WITH THE TOOLS THEY NEED TO SUCCEED.THROUGH STRATEGIC COLLABORATION WITH MORE THAN 36 GROWTH PARTNERS, PROFESSIONAL SERVICE PROVIDERS, INSTRUCTORS, ARTISTS, AND CREATIVES, WACIF DELIVERED TOP-TIER SUPPORT THAT STRENGTHENED OUR CLIENTS' PATHWAYS TO GROWTH AND SUSTAINABILITY. ADDITIONALLY, OUR OUTREACH AND ENGAGEMENT EFFORTS EXTENDED TO OVER 16 ORGANIZATIONS ACROSS MARYLAND AND VIRGINIA, WHERE WE LED PANEL DISCUSSIONS, DELIVERED CAPITAL READINESS TRAINING, AND BUILT STRONGER ENTREPRENEURIAL ECOSYSTEMS.

    Expenses $2,978,046 · Grants $844,625 · Revenue $37,030

  • LENDING - WACIF'S ACCESS TO CAPITAL AND LENDING ACTIVITIES PROVIDE FLEXIBLE FINANCING FOR SMALL BUSINESSES OWNED BY, OPERATING IN OR SERVING LOW-TO-MODERATE INCOME COMMUNITIES IN THE DC AREA. IN 2025, WACIF DEPLOYED OVER $1.4M IN LOANS TO SMALL BUSINESSES, INCLUDING TERM LOANS AND LINES OF CREDIT, AND GROSS PORTFOLIO OUTSTANDING YEAR-END WAS $4.9M. WACIF HAS SEVERAL LOAN FUNDS TO SUPPORT A CONTINUUM OF ENTREPRENEURS THAT ARE UNABLE TO ACCESS TRADITIONAL FINANCING FROM BANKS, INCLUDING ESTABLISHED BUSINESS OWNERS. WACIF'S VARIOUS LENDING PROGRAMS BRIDGE THE FINANCING GAP FOR UNDERSERVED ENTREPRENEURS GRADUATING TO TRADITIONAL LENDERS, CREATING ECONOMIC OPPORTUNITY IN LOW-TO-MODERATE INCOME COMMUNITIES. WACIF'S ACCESS TO CAPITAL (ATC) FUND IS THE ORGANIZATION'S HISTORICAL AND MOST FLEXIBLE SOURCE FOR SMALL BUSINESS FINANCING. THE ATC FUND REMAINS A COMMUNITY ASSET WHICH BEGAN WITH AND HAS BEEN SUSTAINED FOR OVER 30 YEARS BY INDIVIDUAL AND INSTITUTIONAL, SOCIALLY RESPONSIBLE INVESTORS SEEKING POSITIVE FINANCIAL AND SOCIAL RETURNS FROM THEIR INVESTMENT.

    Expenses $1,368,721 · Revenue $658,591

As filed on the 2025 return. The filer continues this part on Schedule O, which is not shown here.

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.

  • MATT GLATTING

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    3

  • EVAN PIEKARA

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • ROBERT RIORDAN

    BOARD VICE CHAIR

    Total calculated
    $0
    Hours/week
    2

  • ANDREA LONGTON

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • COURTNEY R SNOWDEN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • MARISA G FLOWERS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • JESSEL AMIN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • CARYLN MADDEN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • EMEKA MONEME

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • KLADE HARE NERSASIAN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • COREY GRIFFIN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • NANCY STARK

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • AQUIL STINSON

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • MACEO CLARK

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • NORA DIAMOND-JONES

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • MALACHI MCKINNEY

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • BRIAN NAGENDRA

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • ALEXANDRA SING

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • SCOTT YOCHUM

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • SUSAN CAPPELINI

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • SHANNAN HERBERT

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $289,209
    From this org
    $251,622
    From related orgs
    $0
    Other
    $37,587
    Hours/week
    40 + 4 related

    Schedule J breakdown matched by us

    Base
    $251,489
    Bonus
    $0
    Other
    $133
    Deferred
    $13,594
    Nontaxable benefits
    $23,993
    Filer's total
    $289,209

  • KIMBERLY GAYLE

    CHIEF PROGRAMS OFFICER

    Total calculated
    $180,935
    From this org
    $159,177
    From related orgs
    $0
    Other
    $21,758
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $159,177
    Bonus
    $0
    Other
    $0
    Deferred
    $8,206
    Nontaxable benefits
    $13,552
    Filer's total
    $180,935

  • MEGAN CARRAS

    CHIEF DEVELOPMENT OFFICER

    Total calculated
    $169,083
    From this org
    $159,260
    From related orgs
    $0
    Other
    $9,823
    Hours/week
    40 + 2 related

    Schedule J breakdown matched by us

    Base
    $158,989
    Bonus
    $271
    Other
    $0
    Deferred
    $2,025
    Nontaxable benefits
    $7,798
    Filer's total
    $169,083

  • KARA ULMER

    OPERATIONS DIRECTOR

    Total calculated
    $168,759
    From this org
    $155,932
    From related orgs
    $0
    Other
    $12,827
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $155,932
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $12,827
    Filer's total
    $168,759

  • DAVID MALEY

    INTERIM CFO UNTIL MARCH 2025

    Total calculated
    $110,144
    From this org
    $100,594
    From related orgs
    $0
    Other
    $9,550
    Hours/week
    40 + 2 related

The first 25 listed. 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
    $6,672,318
    Expenses
    $6,907,756
    Contributions
    $5,823,819
    Grants paid
    $844,625
  • 2024
    Revenue
    $4,141,530
    Expenses
    $6,386,456
    Contributions
    $3,021,151
    Grants paid
    $719,366
  • 2023
    Revenue
    $7,616,507
    Expenses
    $10,848,582
    Contributions
    $6,816,270
    Grants paid
    $4,492,274
  • 2022
    Revenue
    $9,086,978
    Expenses
    $6,866,291
    Contributions
    $6,871,349
    Grants paid
    $1,409,322

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
    $7,620,930
    Expenses
    $4,660,784
    Assets (EOY)
    $14,906,500

  • 2020 · 990

    Revenue
    $6,397,191
    Expenses
    $2,735,664
    Assets (EOY)
    $11,726,882

  • 2019 · 990

    Revenue
    $3,904,649
    Expenses
    $2,050,331
    Assets (EOY)
    $6,557,543

  • 2018 · 990

    Revenue
    $3,170,161
    Expenses
    $2,044,907
    Assets (EOY)
    $4,794,433

  • 2017 · 990

    Revenue
    $1,328,274
    Expenses
    $1,243,278
    Assets (EOY)
    $4,205,842

  • 2016 · 990

    Revenue
    $967,314
    Expenses
    $1,621,627
    Assets (EOY)
    $4,106,767

  • 2015 · 990

    Revenue
    $1,106,683
    Expenses
    $1,089,366
    Assets (EOY)
    $4,590,411

  • 2014 · 990

    Revenue
    $1,378,846
    Expenses
    $1,344,763
    Assets (EOY)
    $5,332,810

  • 2013 · 990

    Revenue
    $1,359,614
    Expenses
    $1,240,558
    Assets (EOY)
    $4,270,210

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

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

Where these grants went next →

Grants received

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

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 2025 return

Declared as related by

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 23 October 2026, for every organization at once. Returns through tax year 2025, the newest we have parsed for this organization.