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Community Reinvestment Fund
Community Reinvestment Fund reported $46.8 million in revenue and $31.4 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $80.01 went to program services, $18.22 to management and general costs and $1.77 to fundraising. Its largest source of revenue was contributions and grants: 61.3% of the total. The highest compensation it reported for one person was $565,843 (CEO & PRESIDENT). 50 people received more than $100,000 in reportable compensation. Revenue fell 12% between FY2020 and FY2025. Source: Form 990, FY2025.
Where $100 of spending went
The fiscal year ending June 30, 2025 · Form 990, Part IX, line 25 · total expenses $31MFor context, the median across 479 covered community improvement & capacity building charities: $90.45 programs, $9.31 management, $0.24 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
The fiscal year ending June 30, 2025 · Form 990, Part VIII · total revenue $47MThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 80.0% | 89.1% |
| Management & general Part IX 25(C) ÷ 25(A) | 18.2% | 9.2% |
| Fundraising Part IX 25(D) ÷ 25(A) | 1.8% | 0.2% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.02 | $0.00 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 61.3% | 80.1% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.0% | 14.9% |
| Program service revenue share Part VIII 2g ÷ 12 | 38.6% | 11.9% |
| Highest reported compensation Part VII-A, columns D–F | $565,843 | $291,103 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 1.80% | 1.49% |
| People paid over $100,000 Part VII, line 2 | 50 | 5 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 35.7 | 9.2 |
| Independent voting board members Part VI 1a–1b | 15 of 16 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
FY2025 · Form 990, Part III · the three largest programs by expenseLending programs - founded in 1988, Community Reinvestment Fund, USA (crf) is a national non-profit organization and a leading community development financial institution (cdfi). Crf works collaboratively with community lenders and stakeholders to increase economic mobility, build strong local economies, and reduce the wealth gap in pursuit of a just economy that works for all. In partnership with others, crf co-creates and delivers programs, products and services that address the barriers and inequities small businesses with a history of underrepresentation face. Capital is provided directly…
Technology solutions - crf offers technology solutions that support and enable access to affordable and responsible small business financing and improve the efficiency and scalability of mission-based lenders. These solutions are critical to many public-private partnerships across the country, as well as partnerships between traditional banks and cdfis. During the fiscal year 2025, crf facilitated the origination of approximately 453 loans totaling $44.6 million
Loan servicing and fund administration - crf is a national loan servicer and fund administrator that specializes in providing high-touch, customized service. With more than 20 years of experience, crf focuses on providing servicing and administration for mission-aligned organizations with a variety of asset types including commercial real estate, community facilities, equipment, and others. During the 2025 fiscal year, crf provided third party loan servicing support for 18 community development lenders with volume of approximately 356 loans totaling $33.3 million. During the 2025 fiscal year…
Highest reported compensation
FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| CEO & PRESIDENT Director/trustee, officer, 40.00 hrs/week | $532,348 | $0 | $33,495 | $565,843 |
| SVP CDFI FUND PROGRAMS Officer, 40.00 hrs/week | $269,696 | $0 | $44,150 | $313,846 |
| SVP CHIEF LENDING OFFICER Officer, 40.00 hrs/week | $245,584 | $0 | $30,774 | $276,358 |
| SVP PLATFORM AND TECHNOLOGY SERVICES Officer, 40.00 hrs/week | $252,907 | $0 | $22,966 | $275,873 |
| SVP CHIEF CREDIT OFFICER Officer, 40.00 hrs/week | $233,087 | $0 | $42,319 | $275,406 |
| SVP CHIEF PEOPLE OFFICER Officer, 40.00 hrs/week | $241,201 | $0 | $33,661 | $274,862 |
| SVP CHIEF FINANCIAL OFFICER Officer, 40.00 hrs/week | $250,883 | $0 | $22,865 | $273,748 |
| SVP CHIEF OF STAFF Officer, 40.00 hrs/week | $212,047 | $0 | $41,267 | $253,314 |
50 people received more than $100,000 in reportable compensation from Community Reinvestment Fund (Part VII, line 2). Compensation of current officers, directors and key employees totaled $3.0M (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b16 · 15 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4Yes
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 5106
- Volunteers Part I, line 618
Largest outside contractors
FY2025 · Form 990, Part VII, Section B · businesses onlyIndividuals listed as contractors are left out. 3 contractors were paid more than $100,000 in all.
Private foundation grants it received
6 private foundations reported grants to Community Reinvestment Fund totaling $2.3M on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from Community Reinvestment Fund's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Community Reinvestment Fund, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 Community Reinvestment Fund spent in FY2025, $80.01 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- Unity of Greater New OrleansNew Orleans, LA · revenue $46M · programs 94.1% · FY2025
- American Welding SocietyMiami, FL · revenue $47M · programs 88.8% · 2024
- Hope Enterprise CorporationJackson, MS · revenue $46M · programs 70.5% · 2024
- PolicylinkOakland, CA · revenue $48M · programs 83.2% · 2024
- Northern Kentucky Area Development DistrictFlorence, KY · revenue $45M · programs 97.6% · FY2025
All community improvement & capacity building charities · Largest charities in Minnesota
Questions people ask
How much of Community Reinvestment Fund's spending goes to programs?
In the fiscal year ending June 30, 2025, Community Reinvestment Fund reported that 80.0% of its $31.4 million in expenses went to program services, 18.2% to management and general and 1.8% to fundraising (Form 990, Part IX).
How much does Community Reinvestment Fund pay its top executive?
The largest total compensation Community Reinvestment Fund reported for one person in the fiscal year ending June 30, 2025 was $565,843, for the role of CEO & PRESIDENT (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Community Reinvestment Fund get its money?
Of $46.8 million in revenue in the fiscal year ending June 30, 2025, 61.3% came from contributions and grants and 38.6% from program service revenue (Form 990, Part VIII).
Is Community Reinvestment Fund a registered charity?
The IRS lists EIN 41-1616861 as a 501(c)(3) organization (supporting organization (509(a)(3))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- FY2025: Form 990 for the fiscal year ending June 30, 2025, object 202620369349301422 · read the filing · XML
- FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202500369349301500 · read the filing
- FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202430369349300688 · read the filing
- FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202310419349301001 · read the filing
- FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202210889349300256 · read the filing
- FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202100819349300815 · read the filing
All filings for EIN 41-1616861: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.