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GROW AMERICA FUND INC

EIN 13-3641265 NEW YORK, NY

Largest nonprofits in New York

Revenue 2024
$3,546,199
Expenses 2024
$4,099,148

Program services were 80.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

As filed

Subsection
03
NTEE code
S31
Classification
1000
Street
633 THIRD AVE 19J

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

THE GROW AMERICA FUND, INC. ("GAF") HAS A PRIMARY MISSION TO CREATE ECONOMIC OPPORTUNITY, STIMULATE INVESTMENT, AND TO ENCOURAGE ENTREPRENEURSHIP IN LOW-INCOME COMMUNITIES BY FINANCING BUSINESSES AND ENTREPRENEURS THAT INVEST IN THOSE DISADVANTAGED (CONT. ON SCHEDULE O) COMMUNITIES, AND/OR CREATE JOBS FOR LOW-INCOME UNEMPLOYED AND UNDER-EMPLOYED INDIVIDUALS. GAF, A LICENSED U.S. SBA SMALL BUSINESS LENDING COMPANY, AND U.S. DEPARTMENT OF THE TREASURY CERTIFIED COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION, PROVIDES ACCESS TO CAPITAL FOR BUSINESS EXPANSION STRUCTURED WITH LONGER AMORTIZATION TERMS AND LOWER INTEREST RATES. THESE LENDING TERMS SERVE TO DECREASE DEBT SERVICE COSTS AND IMPROVE THE BORROWER'S OPERATING CASH FLOW, GIVING BUSINESSES A FINANCIAL ADVANTAGE THAT HELPS STRENGTHEN BOTH THE ECONOMIC BASE OF THE BUSINESS, AND THE COMMUNITY.

Activities or mission (Part I)

SEE SCHEDULE O

  • GAF PROVIDES LONGER TERM, LOWER INTEREST RATE SMALL BUSINESS LOANS THAT ENABLE SMALL BUSINESSES TO CREATE JOBS, STIMULATE INVESTMENT, AND EXPAND THE ENTREPRENEURIAL AND SMALL BUSINESS BASE IN LOW-INCOME COMMUNITIES. (CONT. ON SCHEDULE O)

    Expenses $3,314,274 · Revenue $3,546,199

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.

  • Adam Ennis

    TREASURER

    Total calculated
    $444,236
    From this org
    $0
    From related orgs
    $351,274
    Other
    $92,962
    Hours/week
    3 + 47 related

    Schedule J breakdown matched by us

    Base
    $0 + $286,274 related
    Bonus
    $0 + $65,000 related
    Other
    $0
    Deferred
    $0 + $39,024 related
    Nontaxable benefits
    $0 + $53,938 related
    Filer's total
    $0 + $444,236 related
  • Charley Depew

    BOARD MEMBER

    Total calculated
    $294,068
    From this org
    $0
    From related orgs
    $255,296
    Other
    $38,772
    Hours/week
    1 + 49 related

    Schedule J breakdown matched by us

    Base
    $0 + $220,296 related
    Bonus
    $0 + $35,000 related
    Other
    $0
    Deferred
    $0 + $19,979 related
    Nontaxable benefits
    $0 + $18,793 related
    Filer's total
    $0 + $294,068 related
  • Daniel Marsh III

    CHAIRMAN

    Total calculated
    $605,052
    From this org
    $0
    From related orgs
    $531,397
    Other
    $73,655
    Hours/week
    2.75 + 52.25 related

    Schedule J breakdown matched by us

    Base
    $0 + $431,397 related
    Bonus
    $0 + $100,000 related
    Other
    $0
    Deferred
    $0 + $54,928 related
    Nontaxable benefits
    $0 + $18,727 related
    Filer's total
    $0 + $605,052 related
  • David Trevisani

    BOARD MEMBER/INTERIM PRESI

    Total calculated
    $409,255
    From this org
    $0
    From related orgs
    $284,339
    Other
    $124,916
    Hours/week
    8.5 + 41.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $244,339 related
    Bonus
    $0 + $40,000 related
    Other
    $0
    Deferred
    $0 + $76,453 related
    Nontaxable benefits
    $0 + $48,463 related
    Filer's total
    $0 + $409,255 related
  • Dawayne Sims

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.25
  • Earl Richarson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.25
  • Kevin Gremse

    BOARD MEMBER

    Total calculated
    $375,233
    From this org
    $0
    From related orgs
    $274,418
    Other
    $100,815
    Hours/week
    1 + 49 related

    Schedule J breakdown matched by us

    Base
    $0 + $260,418 related
    Bonus
    $0 + $14,000 related
    Other
    $0
    Deferred
    $0 + $47,098 related
    Nontaxable benefits
    $0 + $53,717 related
    Filer's total
    $0 + $375,233 related
  • Patricia Thomson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.25
  • Raquel Favela

    BOARD MEMBER

    Total calculated
    $332,730
    From this org
    $0
    From related orgs
    $293,881
    Other
    $38,849
    Hours/week
    1 + 49 related

    Schedule J breakdown matched by us

    Base
    $0 + $243,881 related
    Bonus
    $0 + $50,000 related
    Other
    $0
    Deferred
    $0 + $15,902 related
    Nontaxable benefits
    $0 + $22,947 related
    Filer's total
    $0 + $332,730 related
  • Stephanie Dugan

    BOARD MEMBER

    Total calculated
    $341,816
    From this org
    $0
    From related orgs
    $250,665
    Other
    $91,151
    Hours/week
    1 + 49 related

    Schedule J breakdown matched by us

    Base
    $0 + $225,665 related
    Bonus
    $0 + $25,000 related
    Other
    $0
    Deferred
    $0 + $48,660 related
    Nontaxable benefits
    $0 + $42,491 related
    Filer's total
    $0 + $341,816 related
  • Daniel Choi

    CFO AND VICE PRESIDENT

    Total calculated
    $332,089
    From this org
    $0
    From related orgs
    $271,108
    Other
    $60,981
    Hours/week
    12.5 + 37.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $231,108 related
    Bonus
    $0 + $40,000 related
    Other
    $0
    Deferred
    $0 + $10,941 related
    Nontaxable benefits
    $0 + $50,040 related
    Filer's total
    $0 + $332,089 related
  • Jennifer Vertrees

    SECRETARY

    Total calculated
    $201,814
    From this org
    $0
    From related orgs
    $114,248
    Other
    $87,566
    Hours/week
    7.5 + 42.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $108,248 related
    Bonus
    $0 + $6,000 related
    Other
    $0
    Deferred
    $0 + $37,589 related
    Nontaxable benefits
    $0 + $49,977 related
    Filer's total
    $0 + $201,814 related
  • Ann Finnegan

    MANAGING DIRECTOR OF LENDI

    Total calculated
    $344,150
    From this org
    $0
    From related orgs
    $248,434
    Other
    $95,716
    Hours/week
    20 + 30 related

    Schedule J breakdown matched by us

    Base
    $0 + $226,434 related
    Bonus
    $0 + $22,000 related
    Other
    $0
    Deferred
    $0 + $39,876 related
    Nontaxable benefits
    $0 + $55,840 related
    Filer's total
    $0 + $344,150 related

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
    $3,546,199
    Expenses
    $4,099,148
    Contributions
    $0
    Grants paid
    $0
  • 2023
    Revenue
    $3,921,676
    Expenses
    $3,460,919
    Contributions
    $890,000
    Grants paid
    $0
  • 2022
    Revenue
    $3,801,712
    Expenses
    $4,293,994
    Contributions
    $407,298
    Grants paid
    $0

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
    $12,181,976
    Expenses
    $4,876,587
    Assets (EOY)
    $143,748,091
  • 2020 · 990

    Revenue
    $4,973,286
    Expenses
    $4,437,805
    Assets (EOY)
    $138,000,715
  • 2019 · 990

    Revenue
    $3,721,122
    Expenses
    $5,684,767
    Assets (EOY)
    $47,711,988
  • 2018 · 990

    Revenue
    $5,283,699
    Expenses
    $4,935,684
    Assets (EOY)
    $59,780,108
  • 2017 · 990

    Revenue
    $5,716,189
    Expenses
    $4,933,664
    Assets (EOY)
    $62,578,502
  • 2016 · 990

    Revenue
    $4,776,140
    Expenses
    $5,010,810
    Assets (EOY)
    $65,759,536
  • 2015 · 990

    Revenue
    $4,436,826
    Expenses
    $5,549,563
    Assets (EOY)
    $64,917,551
  • 2014 · 990

    Revenue
    $9,066,891
    Expenses
    $5,479,440
    Assets (EOY)
    $94,191,571
  • 2013 · 990

    Revenue
    $7,422,524
    Expenses
    $7,344,093
    Assets (EOY)
    $92,866,863
  • 2012 · 990

    Revenue
    not reported
    Expenses
    $6,247,887
    Assets (EOY)
    $78,582,697

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

  • MAIN STREET PROPERTIES NEW YORK LLC

    REAL ESTATE HOLDING COMPANY · NY · income $0 · assets $0

  • MAIN STREET PROPERTIES CONNECTICUT LLC

    REAL ESTATE HOLDING COMPANY · NY · income $0 · assets $0

Related partnerships on its 2024 return

  • NDC CORPORATE EQUITY FUND III

    LOW INCOME HOUSING · NY

  • NDC CORPORATE EQUITY FUND IV

    LOW INCOME HOUSING · NY

  • NDC CORPORATE EQUITY FUND V

    LOW INCOME HOUSING · NY

  • NDC CORPORATE EQUITY FUND VI

    LOW INCOME HOUSING · NY

  • NDC CORPORATE EQUITY FUND VII

    LOW INCOME HOUSING · NY

  • NDC CORPORATE EQUITY FUND VIII

    LOW INCOME HOUSING · NY

  • NDC CORPORATE EQUITY FUND IX

    LOW INCOME HOUSING · NY

  • NDC CORPORATE EQUITY FUND X

    LOW INCOME HOUSING · NY

  • NDC CORPORATE EQUITY FUND XI

    LOW INCOME HOUSING · NY

  • NDC CORPORATE EQUITY FUND XII

    LOW INCOME HOUSING · NY

  • NDC CORPORATE EQUITY FUND XIII

    LOW INCOME HOUSING · NY

  • NDC CORPORATE EQUITY FUND XV

    LOW INCOME HOUSING · NY

  • NDC CORPORATE EQUITY FUND XVII LP

    LOW INCOME HOUSING · NY

  • NDC CORPORATE EQUITY FUND XVIII LP

    LOW INCOME HOUSING · NY

  • NDC CORPORATE EQUITY FUND XIX

    LOW INCOME HOUSING · NY

  • NDC CORPORATE EQUITY FUND XX LP

    LOW INCOME HOUSING · NY

  • NDC CORPORATE EQUITY FUND XI LP

    LOW INCOME HOUSING · NY

Related corporations and trusts on its 2024 return

  • COMMUNITY DEVELOPMENT GROUP HOLT

    C · HOUSING · NY

  • COMMUNITY DEVELOPMENT GROUP ILLINOIS INC

    C · ECONOMIC DEVELOPMENT · NY

  • COMMUNITY DEVELOPMENT GROUP KENTUCKY INC

    C · ECONOMIC DEVELOPMENT · NY

  • COMMUNITY DEVELOPMENT GROUP RENEWABLE ENERGY

    C · ECONOMIC DEVELOPMENT · NY

  • COMMUNITY DEVELOPMENT GROUP WALLA WALLA INC

    C · ECONOMIC DEVELOPMENT · NY

  • COMMUNITY DEVELOPMENT INVESTOR BROOKLYN

    C · ECONOMIC DEVELOPMENT · NY

  • HOUSING DEVELOPMENT GROUP III

    C · HOUSING · NY

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 1 November 2026, for every organization at once. Returns through tax year 2024, the newest we have parsed for this organization.