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COMPASS WORKING CAPITAL INC

EIN 20-3975100 BOSTON, MA

Revenue 2024
$18,415,281
Expenses 2024
$11,081,527

Program services were 73.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

As filed

Subsection
03
Classification
1000
Street
89 SOUTH ST STE 804

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

COMPASS WORKING CAPITAL ("COMPASS") IS WORKING TO END ASSET POVERTY FOR FAMILIES WITH LOW INCOMES AND NARROW THE RACIAL AND GENDER WEALTH DIVIDES. OUR MISSION IS TO PARTNER WITH FAMILIES WITH LOW INCOMES TO BUILD ASSETS AS A PATHWAY OUT OF POVERTY. WE FOCUS ON REACHING FAMILIES LED BY BLACK AND/OR LATINX WOMEN. TO ACHIEVE OUR MISSION, WE OPERATE CLIENT-CENTERED SAVINGS AND FINANCIAL COACHING PROGRAMS, DELIVER TRAINING AND TECHNICAL ASSISTANCE TO OTHER PRACTITIONERS, AND SHAPE POLICY SOLUTIONS THAT DISMANTLE BARRIERS TO ASSET BUILDING.

  • FAMILY SELF-SUFFICIENCY (FSS) PROGRAM:SINCE 2010, COMPASS WORKING CAPITAL ("COMPASS") HAS PARTNERED WITH PUBLIC HOUSING AGENCIES AND PRIVATE OWNERS OF AFFORDABLE HOUSING TO DEVELOP AND IMPLEMENT AN ASSET-BUILDING AND FINANCIAL CAPABILITY MODEL FOR THE FAMILY SELF-SUFFICIENCY ("FSS") PROGRAM, A HISTORICALLY UNDERUTILIZED SAVINGS AND EMPLOYMENT PROGRAM OVERSEEN BY THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT ("HUD"). CONGRESS ESTABLISHED THE FSS PROGRAM IN 1990 AS AN EMPLOYMENT AND SAVINGS PROGRAM FOR RESIDENTS OF FEDERALLY SUBSIDIZED HOUSING. FAMILIES RECEIVING THIS ASSISTANCE TYPICALLY PAY 30% OF THEIR INCOME TOWARDS RENT. THIS STRUCTURE INADVERTENTLY DISCOURAGES SOME RESIDENTS FROM INCREASING THEIR WORK HOURS AND EARNINGS SINCE THEY WORRY ABOUT PAYING MORE RENT AND LOSING OTHER BENEFITS IF THEIR INCOME INCREASES. THE FSS MODEL REMOVES THIS DISINCENTIVE BY ALLOWING PARTICIPANTS TO CAPTURE THEIR INCREASED RENT PAYMENTS IN A SAVINGS ACCOUNT, HELD BY THE HOUSING PROVIDER, WHICH CAN BE ACCESSED UPON COMPLETION OF THE PROGRAM. PARTICIPANTS CAN UTILIZE THEIR SAVINGS TO ACHIEVE THEIR FINANCIAL GOALS. THE COMPASS FSS MODEL INTEGRATES FINANCIAL COACHING AND OTHER ASSET BUILDING STRATEGIES INTO THE FSS PROGRAM, WITH THE GOAL OF PROMOTING ECONOMIC MOBILITY AND FINANCIAL SECURITY FOR PARTICIPATING FAMILIES. THE FIRST MODEL OF ITS KIND IN THE COUNTRY, THE COMPASS FSS PROGRAM IS CURRENTLY OFFERED THROUGH PARTNERSHIP WITH PUBLIC HOUSING AUTHORITIES AND NONPROFIT HOUSING ORGANIZATIONS IN MASSACHUSETTS, PENNSYLVANIA, COLORADO, CONNECTICUT, FLORIDA, ILLINOIS, MARYLAND, MICHIGAN, MISSOURI, NEW HAMPSHIRE, NEW JERSEY, NEW YORK, NORTH CAROLINA, RHODE ISLAND, VIRGINIA, AND WASHINGTON DC. THE COMPASS FSS PROGRAM HAS ATTRACTED LOCAL AND NATIONAL ATTENTION AS A SCALABLE, HOUSING-BASED MODEL TO SUPPORT FAMILIES WITH LOW INCOMES TO BUILD ASSETS, ACHIEVE THEIR GOALS, AND BECOME MORE FINANCIALLY SECURE.

    Expenses $6,458,630

  • NATIONAL FIELD-BUILDING, TRAINING, AND TECHNICAL ASSISTANCE:THE FSS PROGRAM HAS THE POTENTIAL TO REACH AN ESTIMATED 2.2 MILLION HOUSEHOLDS NATIONALLY, YET ONLY A TINY SUBSET LESS THAN 3% OF ELIGIBLE HOUSEHOLDS ARE CURRENTLY ABLE TO TAKE ADVANTAGE OF THE PROGRAM. SINCE 2016, COMPASS HAS ALSO WORKED TO BUILD THE FIELD OF FSS PRACTITIONERS AND OTHER STAKEHOLDERS NATIONALLY AND SHARE OUT OUR BEST PRACTICES TO EXPAND THE SCOPE AND IMPACT OF FSS. CURRENTLY, THE ORGANIZATION MANAGES AN ONLINE LEARNING PLATFORM AND COMMUNITY CALLED FSS LINK, WHICH PROVIDES FSS PRACTITIONERS WITH ACCESS TO RESOURCES FOR FSS PROGRAM MANAGEMENT AND FINANCIAL COACHING, TRAINING, AND OPPORTUNITIES TO CONNECT WITH OTHER FSS PRACTITIONERS ACROSS THE COUNTRY. COMPASS ALSO PROVIDES TRAINING AND TECHNICAL ASSISTANCE ON ITS MODEL FOR THE FSS PROGRAM TO HOUSING PROVIDERS WHO WANT TO IMPROVE THE QUALITY OF THEIR EXISTING PROGRAMS OR LAUNCH NEW ONES. COMPASS ALSO HOSTS A BIENNIAL NATIONAL CONFERENCE ON THE FSS PROGRAM.

    Expenses $997,840 · Revenue $452,277

  • SYSTEMS AND POLICY CHANGE:TO DELIVER ON OUR MISSION AND FULLY SUPPORT FAMILIES TO REACH THEIR FINANCIAL GOALS, COMPASS COMBINES DIRECT SERVICE AND FIELD-BUILDING WITH WORK ON BROADER SYSTEMS AND POLICY CHANGE. OUR FOCUS IS LARGELY ON ISSUES RELATED TO EXPANDING THE SCOPE AND IMPACT OF THE FSS PROGRAM, AS WELL AS OTHER PRIORITIES RELATED TO OUR MISSION TO END ASSET POVERTY AND NARROW THE RACIAL AND GENDER WEALTH DIVIDES. IN ORDER TO CARRY OUT THIS WORK, WE EDUCATE PUBLIC OFFICIALS, LEGISLATORS, AND POLICYMAKERS AT THE NATIONAL, STATE, AND LOCAL LEVELS, AND PLAY AN ACTIVE ROLE IN COALITIONS, GROUPS, ADVOCACY EFFORTS, AND INFORMAL NETWORKS THAT ALIGN WITH OUR MISSION AND VISION AND ENABLE US TO HELP PROMOTE PROMISING IDEAS, PRACTICES, AND POLICIES. WE ALSO WORK TO ELEVATE THE VOICES AND LIVED EXPERIENCES OF OUR CLIENTS TO INFLUENCE SYSTEMS AND POLICY CHANGE.

    Expenses $695,397 · Grants $73,500 · Revenue $148,443

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

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.

  • SHARON E RIVA

    CHAIRPERSON

    Total calculated
    $0
    Hours/week
    0.5

  • PRECILLIA REDMOND

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • MEAGHAN MCCARTHY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • THEA JAMES

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • KAREN WALLACE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • HEATHER WELLINGTON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • MARKITA MORRIS-LOUIS

    PRESIDENT/CEO

    Total calculated
    $238,569
    From this org
    $222,260
    From related orgs
    $0
    Other
    $16,309
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $222,260
    Bonus
    $0
    Other
    $0
    Deferred
    $6,668
    Nontaxable benefits
    $9,641
    Filer's total
    $238,569

  • JALYNNE SANTIAGO

    CFO/TREASURER

    Total calculated
    $177,066
    From this org
    $169,783
    From related orgs
    $0
    Other
    $7,283
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $169,783
    Bonus
    $0
    Other
    $0
    Deferred
    $5,093
    Nontaxable benefits
    $2,190
    Filer's total
    $177,066

  • KIMBERLY MONTY HOLZEL

    CLERK

    Total calculated
    $0
    Hours/week
    0.5

  • MCKINSEY ALSTON

    CHIEF HUMAN RESOURCES OFFICER

    Total calculated
    $175,402
    From this org
    $167,964
    From related orgs
    $0
    Other
    $7,438
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $167,964
    Bonus
    $0
    Other
    $0
    Deferred
    $5,039
    Nontaxable benefits
    $2,399
    Filer's total
    $175,402

  • MORIAH GARCIA NELSON

    DIR. OF PROGRAMS/CPO

    Total calculated
    $160,289
    From this org
    $146,256
    From related orgs
    $0
    Other
    $14,033
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $146,256
    Bonus
    $0
    Other
    $0
    Deferred
    $4,388
    Nontaxable benefits
    $9,645
    Filer's total
    $160,289

  • JAMES STUART

    CHIEF EXTERNAL AFFAIRS OFFICER

    Total calculated
    $181,408
    From this org
    $169,390
    From related orgs
    $0
    Other
    $12,018
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $169,390
    Bonus
    $0
    Other
    $0
    Deferred
    $5,082
    Nontaxable benefits
    $6,936
    Filer's total
    $181,408

  • CHRISTINA NAPOLIN

    DIRECTOR OF CLIENT SUCCESS

    Total calculated
    $108,481
    From this org
    $102,242
    From related orgs
    $0
    Other
    $6,239
    Hours/week
    40

  • GEORGE REUTER

    DIRECTOR OF IMPACT & INNOVATION

    Total calculated
    $114,724
    From this org
    $100,563
    From related orgs
    $0
    Other
    $14,161
    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

  • 2024
    Revenue
    $18,415,281
    Expenses
    $11,081,527
    Contributions
    $17,250,903
    Grants paid
    $73,500
  • 2023
    Revenue
    $17,627,890
    Expenses
    $9,106,570
    Contributions
    $13,840,901
    Grants paid
    $165,000
  • 2022
    Revenue
    $9,714,952
    Expenses
    $7,691,585
    Contributions
    $7,250,236
    Grants paid
    $64,000

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
    $6,912,729
    Expenses
    $6,817,704
    Assets (EOY)
    $6,922,240

  • 2020 · 990

    Revenue
    $7,536,157
    Expenses
    $6,433,030
    Assets (EOY)
    $7,231,995

  • 2019 · 990

    Revenue
    $6,621,752
    Expenses
    $4,896,463
    Assets (EOY)
    $8,810,858

  • 2018 · 990

    Revenue
    $4,445,988
    Expenses
    $3,893,447
    Assets (EOY)
    $3,625,963

  • 2017 · 990

    Revenue
    $3,255,107
    Expenses
    $3,033,098
    Assets (EOY)
    $3,019,658

  • 2016 · 990

    Revenue
    $2,504,289
    Expenses
    $2,644,953
    Assets (EOY)
    $2,844,915

  • 2015 · 990

    Revenue
    $3,414,878
    Expenses
    $1,948,695
    Assets (EOY)
    $2,922,910

  • 2014 · 990

    Revenue
    $1,633,625
    Expenses
    $1,323,728
    Assets (EOY)
    $1,489,487

  • 2013 · 990

    Revenue
    $1,471,852
    Expenses
    $797,138
    Assets (EOY)
    $1,115,932

  • 2012 · 990

    Revenue
    not reported
    Expenses
    $569,623
    Assets (EOY)
    $423,260

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

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

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.