Overview
What is Raza Development Fund Inc?
Raza Development Fund Inc is a Phoenix, Arizona-based nonprofit organization dedicated to providing financing solutions that expand opportunities for the Latino community and low-income families, focusing on affordable housing, education, and healthcare. With a workforce of 48 employees, they offer loan programs to assist Hispanic agencies and other organizations serving low-income communities, enhancing their access to capital, strengthening relationships, and promoting financial literacy. Through these efforts, Raza Development Fund invests in the dreams and hopes of thousands of families, empowering their affiliated organizations to build thriving communities.
Official website here: www.razafund.org
Is Raza Development Fund Inc legitimate?
Raza Development Fund Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Raza Development 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: $2,696,950
Professional Fundraising Fees: $0
Other Salaries and Wages: $3,257,000
For more financial information, click here
Official website here: www.razafund.org
What is the mission statement of Raza Development Fund Inc?
The Raza Development Fund is dedicated to creating financing solutions that expand opportunities for the Latino community and low-income families in the realms of affordable housing, education, and healthcare. Through their investments, they support the aspirations and dreams of various affiliate organizations and not-for-profit social service groups, enabling them to strengthen their communities and positively impact the lives of countless families.
Official website here: www.razafund.org
Who is the CEO of Raza Development Fund Inc?
Mary Ann Donovan is the President/Ceo of Raza Development Fund Inc. The CEO's salary of Raza Development Fund Inc is $0 and their total compensation is $0.
Official website here: www.razafund.org
What is the revenue of Raza Development Fund Inc?
Raza Development Fund Inc's revenue in 2022 was $48,137,884.
Official website here: www.razafund.org
Who are the executives of Raza Development Fund Inc and what are their salaries?
The average compensation at Raza Development Fund Inc during 2022 was $124,041. There are 48 employees and 9 volunteers at Raza Development Fund Inc.
Here are 22 key members and their salaries (Raza Development Fund Inc's CEO's salary is $0 and their total compensation is $0):
- Janet Murguia (Board Member) [Trustee/Director]
- Tom Espinoza (President/Ceo) [Trustee/Director]
- Rodrigo Vela (Chief Financial Officer)
- David Clower (Chief Investment Officer)
- Melissa Mcdonald (Chief Operating Officer)
- Antonio Lopez (Deputy Cfo)
- Juan Madrid (Controller)
- Scott Richter (Chief Credit Officer)
- Adrian Ruiz (Deputy Chief Investment Officer)
- Mark Van Brunt (Executive Vp (Thru 4/30/22))
- Brian Champeau (Director - East Coast Region)
- Catherine Kes (Director - Specialty Finance)
- Mary Ann Donovan (President/Ceo (Beg 8/1/22)) [Trustee/Director]
- Daniel Ortega (Board Chair) [Trustee/Director]
- Brenda Loya (Vice Chairperson) [Trustee/Director]
- Joseph F Reilly (Secretary) [Trustee/Director]
- Aaron Dominguez (Board Member) [Trustee/Director]
- James W Feild (Board Member) [Trustee/Director]
- Donna Gambrell (Board Member) [Trustee/Director]
- Luis Granados (Board Member) [Trustee/Director]
- Art Ruiz (Board Member) [Trustee/Director]
- Kenneth I Trujillo (Board Member) [Trustee/Director]
Official website here: www.razafund.org
Where can I find the form 990 for Raza Development Fund Inc?
The Raza Development Fund Inc’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.razafund.org
Learn more at the official website: www.razafund.org
Mission Statement of Raza Development Fund Inc
Raza Development Fund Inc, a mission-driven organization, aims to create financing solutions that enlarge opportunities for the Latino community and low-income families in the realms of affordable housing, education, and healthcare. By genuinely investing in the dreams and hopes of UnidosUS affiliates and other not-for-profit social service organizations, Raza Development Fund Inc facilitates community-building, ultimately reaching and improving the lives of countless families.
Through its dedication to the Latino community and economically disadvantaged groups, Raza Development Fund Inc strives to foster sustainable growth in three key areas. Firstly, affordable housing, a fundamental requirement for a stable living situation, is given a significant focus. The organization's efforts extend beyond just financing, touching every aspect of housing development, from conceptualization to completion.
Secondly, education is another critical sector where Raza Development Fund Inc plays a pivotal role. Their financial commitments and support enable educational institutions to provide quality learning experiences for students and ensure equal opportunities for all. This investment in education sets the foundation for a brighter future, enabling individuals to break the cycle of poverty and build stronger, self-sufficient communities.
Lastly, the organization's dedication to healthcare is essential in promoting the overall well-being of those it serves. By providing financing solutions for healthcare projects, Raza Development Fund Inc empowers organizations to deliver essential services and treatments, ensuring that individuals have access to the care they need to live healthy, productive lives.
In summary, Raza Development Fund Inc is a catalyst for change, using its financial resources to create opportunities and bring about positive transformation in the lives of the Latino community and low-income families, with a focus on affordable housing, education, and healthcare. By embracing a people-centric approach and collaborating with organizations dedicated to social betterment, Raza Development Fund Inc is helping to build thriving, resilient communities.
Impact
This information is meant to be a general summary of Raza Development Fund Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
Raza Development Fund Inc's impact lies in creating financing solutions that increase opportunities for the Latino community and low-income families. Through their loan fund programs, they assist Hispanic and other agencies serving low-income communities by providing access to capital, strengthening relationships, and promoting economic and financial literacy. By doing so, they touch the lives of thousands of families and contribute to community improvement in areas such as affordable housing, education, and healthcare.
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.
LOAN INTEREST INCOME
Revenue
$12,751,755
NMTC/LOAN FEES
Revenue
$4,060,048
ORIGINATION FEES
Revenue
$1,426,247
Organization Details
Founding Year
1996
Phone
(602) 417-1400
Principal Officer
Mary Ann Donovan
Main Address
410 E SOUTHERN AVE, PHOENIX, AZ, 85040
Website
www.razafund.org
NTEE Category
Code: P84 - Human services
If you are a representative of Raza Development 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.