Community Reinvestment Fund Inc
80% goes to programs $2 to raise $100 Strong reserves Growing revenue
Community Reinvestment Fund Inc is a 501(c)(3) organization based in Minneapolis, Minnesota, registered in 1989, with $46,782,310 in FY2024 revenue. CharityIndex grades it A, and it directs about 80% of spending to programs.
801 Nicollet Mall Ste 1700w, Minneapolis, MN, 55402 EIN 41-1616861 Since 1989
Revenue (FY2024)
$46.8M
▲ 30.9% vs prior year
Community median: $184K
Expenses (FY2024)
$31.4M
Net assets
$93.6M
Employees
106
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
AProgram efficiency40% of the rating80% to programs · $2 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Community Reinvestment Fund Inc: 80% to programs · $2 to raise $100 earns a A on this criterion. See the exact thresholds →
AFinancial health25% of the rating36 mo reserves · +33% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Community Reinvestment Fund Inc: 36 mo reserves · +33% margin earns a A on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Community Reinvestment Fund Inc: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
A+Transparency10% of the rating5 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Community Reinvestment Fund Inc: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
To expand economic opportunity for small businesses and communities by reimagining the way capital and resources flow.
What they do
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, crf provided administration for 8 funds with assets totaling more than $52.2 million.
Contact & location
- Address
- 801 Nicollet Mall Ste 1700w, Minneapolis, MN, 55402
- City
- Minneapolis
- State
- Minnesota
- Subcategory
- Economic Development
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $27.1M (FY2013) to $46.8M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $105.5MNet assets $93.6M
Operating margin
32.8%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$199.1M
Total liabilities
$105.5M
Net assets
$93.6M
Salaries & benefits
$15.3M
49% of expenses
Board members
16
15 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $46,782,310▲30.9% | $31,421,112▼4.3% | $93,608,575▲19.7% | $199,070,542▲4.8% | 990 |
| 2023 | $35,726,052▼35.6% | $32,849,855▼27.8% | $78,171,646▲3.8% | $189,995,061▼1.6% | 990 |
| 2022 | $55,474,462▲44.6% | $45,512,446▲38.3% | $75,311,139▲14.5% | $193,075,984▲16.1% | 990 |
| 2021 | $38,368,250▼44.6% | $32,918,771▼29.5% | $65,770,294▲46.4% | $166,360,640▼45.9% | 990 |
| 2020 | $69,198,385▲30.3% | $46,700,294▲42.0% | $44,936,499▲102% | $307,729,256▲13.0% | 990 |
| 2019 | $53,118,127▲127% | $32,885,047▲53.4% | $22,191,084▲637% | $272,393,749▲125% | 990 |
| 2018 | $23,357,764▲8.4% | $21,442,217▼5.0% | $3,012,445▲13.9% | $121,270,124▼19.7% | 990 |
| 2017 | $21,550,757▼13.3% | $22,567,110▼9.0% | $2,644,979▼27.8% | $150,933,655▼5.2% | 990 |
| 2016 | $24,869,816▼4.9% | $24,797,773▼2.9% | $3,661,332▼25.6% | $159,193,943▼11.9% | 990 |
| 2015 | $26,158,500▲9.9% | $25,531,623▲8.8% | $4,923,248▲817% | $180,635,909▼7.6% | 990 |
| 2014 | $23,797,623▼12.2% | $23,467,749▼12.1% | -$686,341▼296% | $195,598,895▼10.0% | 990 |
| 2013 | $27,109,793 | $26,698,525▼20.6% | -$173,511▲97.2% | $217,318,933▼16.7% | 990 |
| 2012 | — | $33,613,773▲33.6% | -$6,132,511▼166% | $260,763,575▼10.1% | 990 |
| 2011 | — | $25,165,033▼27.5% | -$2,309,067▲55.6% | $289,953,325▼5.5% | 990 |
| 2010 | — | $34,691,937▼14.8% | -$5,198,576▼917% | $306,969,137▼12.7% | 990 |
| 2009 | — | $40,705,433 | -$511,016 | $351,674,563 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
Highest-paid: Matthew Roth — $532,348 (1.69% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Matthew Roth | Ceo & President | 40 | $532,348 |
| Jennifer Novak | Svp Cdfi Fund Programs | 40 | $269,696 |
| Patrick Davis | Svp Platform and Technology Services | 40 | $252,907 |
| Paul Tremewan | Svp Chief Financial Officer | 40 | $250,883 |
| Alexis Dishman | Svp Chief Lending Officer | 40 | $245,584 |
| Charity Vickers | Svp Chief People Officer | 40 | $241,201 |
| Kinfe Argaw | Svp Chief Credit Officer | 40 | $233,087 |
| Erik O'leary | Principal Architect | 40 | $212,759 |
| Katelyn Bednarski | Svp Chief of Staff | 40 | $212,047 |
| Anna Burgett | Chief Legal Counsel | 40 | $210,789 |
| Sandra Delancy | Senior Director of Edma | 40 | $201,019 |
| Cyrus Kharas | Vp, Program Design/execution | 40 | $198,059 |
| Anisha Murphy | Vp, Program Design/execution | 40 | $189,025 |
| Peter Bernaciak | Vp, Structured Finance | 40 | $188,892 |
| Eric Chapin | General Counsel Thru 8/24 | 40 | $160,210 |
| Jennifer Anderson | Chief Admin Officer Thru 3/24 | 40 | $90,243 |
| Bill Krugler | Trustee Thru 3/25 | 1 | — |
| Calvin Holmes | Trustee Thru 1/25 | 1 | — |
| Chrystel Cornelius | Trustee | 1 | — |
| Daniel Spiller | Chair | 1 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Cliftonlarsonallen LLP | Accounting | $305,962 |
| Robert Half | Consulting | $239,941 |
| Mark Gavin Consulting | Consulting | $134,750 |
Grants received · $20.9M total
29 grants to Community Reinvestment Fund Inc totaling $20.9M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Rockefeller Philanthropy Advisors Inc | Community improvement & capacity building, education | 2024 | $2,000,000 |
| Tides Foundation | Equity, human rights, and economic empowerment | 2024 | $250,000 |
| American Online Giving Foundation Inc | General support | 2024 | $13,700 |
| Morgan Stanley Global Impact Funding Trust Inc | Unrestricted general support | 2024 | $5,000 |
| Tides Foundation | Equity, human rights, and economic empowerment | 2023 | $150,000 |
| American Online Giving Foundation Inc | General support | 2023 | $15,000 |
| Morgan Stanley Global Impact Funding Trust Inc | Unrestricted general support | 2023 | $5,000 |
| Opportunity Finance Network | Ofn cdfi tech grant program supported by google.org | 2022 | $750,000 |
| Tides Foundation | Equity, human rights, and economic empowerment | 2022 | $297,000 |
| Tides Foundation | Equity, human rights, and economic empowerment | 2022 | $297,000 |
| Community Foundation For Greater Buffalo Inc | Open4 initiative | 2022 | $125,000 |
| American Online Giving Foundation Inc | General support | 2022 | $15,000 |
| Community Foundation For Greater Buffalo Inc | Open4 initiative | 2021 | $200,000 |
| American Online Giving Foundation Inc | General support | 2021 | $15,000 |
| The Chicago Community Trust | General operating support | 2020 | $15,000,000 |
Grants made · $350K in FY2024
49 grants totaling $350K in FY2024 — showing the 15 largest. All grants made by Community Reinvestment Fund Inc →
| Recipient | Purpose | Amount |
|---|---|---|
| Ascendus Inc | Operating support | $60,000 |
| Economic and Community Development Institute Inc | Operating support | $40,000 |
| The Country Meat Co Marketplace LLC | Operating support | $6,200 |
| Black Mule LLC | Operating support | $5,300 |
| Chef Nem Catering LLC | Operating support | $5,300 |
| Blak Koffee Internet Cafe LLC | Operating support | $5,300 |
| Cardinal Property Analysts LLC | Operating support | $5,300 |
| Candy Cuffs LLC | Operating support | $5,300 |
| Brunch and Soul Food LLC | Operating support | $5,300 |
| Character Academy LLC | Operating support | $5,300 |
| African Food Palace | Operating support | $5,300 |
| Copper Willow Salon | Operating support | $5,300 |
| Cory Ghetto Burger LLC | Operating support | $5,300 |
| Dorothy England Legacy Farm LLC | Operating support | $5,300 |
| Acorns To Oak Trees | Operating support | $5,300 |
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Frequently asked questions
- Is Community Reinvestment Fund Inc a legitimate nonprofit?
- Yes. Community Reinvestment Fund Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 41-1616861, based in Minneapolis, Minnesota. Donations are tax-deductible.
- What is Community Reinvestment Fund Inc's EIN?
- Community Reinvestment Fund Inc's Employer Identification Number (EIN) is 41-1616861.
- How much revenue does Community Reinvestment Fund Inc report?
- Community Reinvestment Fund Inc reported $46,782,310 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Community Reinvestment Fund Inc's spending goes to programs?
- Community Reinvestment Fund Inc spends about 80% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Community Reinvestment Fund Inc have?
- CharityIndex grades Community Reinvestment Fund Inc A, based on program efficiency and fundraising cost.
- How much does Community Reinvestment Fund Inc's highest-paid employee make?
- The highest reported compensation on Community Reinvestment Fund Inc's latest Form 990 is $532,348, paid to Matthew Roth (Ceo & President).
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Data for Community Reinvestment Fund Inc (EIN 41-1616861) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.