Overview
What is The Reinvestment Fund Inc?
The Reinvestment Fund Inc, based in Philadelphia, Pennsylvania, is a nonprofit organization with a mission to create opportunities for underserved people and places through strategic partnerships. They specialize in lending to finance projects that benefit low-income communities, such as homes, schools, healthy food retail, and healthcare. With a team of 109 employees, they utilize their capital, analytical skills, and expertise to build stronger, healthier, and more equitable communities. Their core lending function aims to improve the living conditions for underresourced individuals and areas.
Official website here: www.reinvestment.com
Is The Reinvestment Fund Inc legitimate?
The Reinvestment Fund Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Reinvestment Fund Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Here are some key statistics you may want to consider:
Executive Compensation: $3,409,068
Professional Fundraising Fees: $91,497
Other Salaries and Wages: $6,356,426
For more financial information, click here
Official website here: www.reinvestment.com
What is the mission statement of The Reinvestment Fund Inc?
The Reinvestment Fund Inc is a organization that focuses on creating opportunities for underserved people and places through partnerships. They bring together the necessary capital, analytics, and expertise to build strong, healthy, and more equitable communities. The organization's mission is centered around lending, which includes financing projects that benefit low-wealth individuals and areas, such as homes, schools, healthcare, and healthy food retail. By doing so, The Reinvestment Fund Inc aims to make a significant impact on communities and improve their overall well-being.
Official website here: www.reinvestment.com
Who is the CEO of The Reinvestment Fund Inc?
Donald Hinkle-Brown is the Board Member of The Reinvestment Fund Inc. The CEO's salary of The Reinvestment Fund Inc is $692,683 and their total compensation is $737,804.
Official website here: www.reinvestment.com
What is the revenue of The Reinvestment Fund Inc?
The Reinvestment Fund Inc's revenue in 2022 was $54,478,225.
Official website here: www.reinvestment.com
Who are the executives of The Reinvestment Fund Inc and what are their salaries?
The average compensation at The Reinvestment Fund Inc during 2022 was $89,592. There are 109 employees and 50 volunteers at The Reinvestment Fund Inc.
Here are 28 key members and their salaries (The Reinvestment Fund Inc's CEO's salary is $692,683 and their total compensation is $737,804):
- Donald Hinkle-Brown (President & Ceo)
- Michael M Crist (Evp & Cfo)
- Nancy Wagner-Hislip (Chief Investment Officer)
- Cheila Fernandez (Coo & Corporate Secretary)
- M Amanda High (Chief Impact, Dev. & Innov. Off.)
- Ira Goldstein (President Of Policy Solutions)
- Tracy Murray Moore (Chief Human Resources Officer)
- Christina Szczepanski (Managing Dir, Fin. & Port. Mgmt.)
- Kareem Thomas (Managing Dir, Credit & Port. Mgmt.)
- Tracy Petrofsky (Managing Dir. Of Ops (As Of 11/22))
- Sara Vernon Sterman (Chief Programs Officer)
- Timothy Gillespie (Treasurer)
- Caroline Rosch (Managing Dir, Port. Strategy & Ops.)
- Rhonda Smith (Assistant Corporate Secretary)
- Marland Buckner (Board Member) [Trustee/Director]
- Phyllis Cater (Board Member) [Trustee/Director]
- Lisa Detwiler (Board Member) [Trustee/Director]
- Ivy Dench-Carter (Board Member) [Trustee/Director]
- Raquel Favela (Board Member) [Trustee/Director]
- Daniel Hayes (Board Member) [Trustee/Director]
- Katherine O'Regan (Board Member) [Trustee/Director]
- Sandeep Wadhwa (Board Member) [Trustee/Director]
- Vicki Lundy Wilbon (Board Member) [Trustee/Director]
- Mark Zandi (Board Chair & Comp. Committee Chair) [Trustee/Director]
- Saul A Behar (Board Vice Chair & Audit Comm. Chair) [Trustee/Director]
- Michael Davis (Governance Committee Chair) [Trustee/Director]
- Dudley Benoit (Finance Chair) [Trustee/Director]
- Raymond Skinner (Loan Committee Chair) [Trustee/Director]
Official website here: www.reinvestment.com
Where can I find the form 990 for The Reinvestment Fund Inc?
The The Reinvestment Fund Inc’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.reinvestment.com
Learn more at the official website: www.reinvestment.com
Mission Statement of The Reinvestment Fund Inc
The Reinvestment Fund Inc, a renowned organization, strives to create opportunities for underserved individuals and places through strategic partnerships. Leveraging its unique combination of capital, analytics, and expertise, The Reinvestment Fund, Inc. works diligently to build strong, healthy, and more equitable communities.
At the heart of its mission lies the organization's lending function. Through financing homes, schools, healthy food retail, healthcare, and other projects, The Reinvestment Fund, Inc. significantly benefits low-wealth people and places. By providing access to essential resources, it contributes to the overall improvement and development of communities in need.
Impact
This information is meant to be a general summary of The Reinvestment Fund Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
The Reinvestment Fund Inc creates opportunities for underserved people and places through partnerships. By marshaling capital, analytics, and expertise, the organization builds strong, healthy, and more equitable communities. Through its core lending function, it finances projects such as homes, schools, healthy food retail, and healthcare that benefit low-wealth individuals and communities. Based in Philadelphia, Pennsylvania, The Reinvestment Fund Inc is dedicated to community improvement.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INTEREST
Revenue
$28,212,422
FEE INCOME
Revenue
$2,378,057
NMTC PLACEMENT FEES
Revenue
$1,868,750
ASSET MANAGEMENT FEES
Revenue
$971,863
LOAN & LEASE FEES
Revenue
$334,209
Organization Details
Founding Year
1985
Phone
(215) 574-5800
Principal Officer
Donald Hinkle-Brown
Main Address
1700 MARKET STREET 19TH FLOOR, PHILADELPHIA, PA, 19103
Website
www.reinvestment.com
NTEE Category
Code: S31 - Community improvement
If you are a representative of The Reinvestment Fund Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.