Reinvestment Fund Inc
77% goes to programs $2 to raise $100 Strong reserves Growing revenue
Reinvestment Fund Inc is a 501(c)(3) organization based in Philadelphia, Pennsylvania, registered in 1985, with $56,470,670 in FY2024 revenue. CharityIndex grades it A, and it directs about 77% of spending to programs.
1700 Market St Fl 19, Philadelphia, PA, 19103 EIN 23-2331946 Since 1985
Revenue (FY2024)
$56.5M
▼ 27.6% vs prior year
Community median: $184K
Expenses (FY2024)
$49.6M
Net assets
$284.7M
Employees
119
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
B+Program efficiency40% of the rating77% 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 Reinvestment Fund Inc: 77% to programs · $2 to raise $100 earns a B+ on this criterion. See the exact thresholds →
B+Financial health25% of the rating69 mo reserves · +12% 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 Reinvestment Fund Inc: 69 mo reserves · +12% margin earns a B+ 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 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 Reinvestment Fund Inc: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
The reinvestment fund, inc. creates opportunity for underserved people and places through partnerships. it marshals the capital, analytics, and expertise necessary to build strong, healthy, and more equitable communities.
What they do
Policy solutions: conducts policy, data analysis and social impact analyses that advance reinvestment fund, inc.'s mission and effect system change, on behalf of reinvestment fund, inc. as well as public and philanthropic clients. in 2024, an analysis in d.c. of early childcare education supply, demand, and shortage was released, a community of practice convened in jacksonville, fl, a critical evaluation of affordable housing in philadelphia was commissioned and utilized by the city, and the first market value analysis for the city of atlanta and the atlanta metro area was released.
Capacity building & capital access: uses grants and technical assistance to make access to capital more equitable for low-wealth individuals and communities, particularly in the areas of early childhood education, food and social determinants of health, and hbcus. in 2024, the organization provided over $41 million in grants and technical assistance. the organization celebrated 10 years of the fund for quality in philadelphia which is a partnership with public health management corporation and funding from the william penn foundation, and vanguard strong start for kids program.
Sustainable development fund ("sdf"): represents an energy-related fund that uses loans, investments and grants to augment the organization's existing energy conservation and community investing efforts. sdf was created by the parties to the peco energy company ("peco energy") restructuring and approved by the pennsylvania public utility commission ("puc") in may 1998.
Contact & location
- Address
- 1700 Market St Fl 19, Philadelphia, PA, 19103
- City
- Philadelphia
- State
- Pennsylvania
- Subcategory
- Community & Neighborhood Development
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $34.3M (FY2013) to $56.5M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $413.8MNet assets $284.7M
Operating margin
12.1%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$698.4M
Total liabilities
$413.8M
Net assets
$284.7M
Salaries & benefits
$17.0M
34% of expenses
Board members
16
16 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $56,470,670▼27.6% | $49,646,075▼3.2% | $284,663,373▲2.8% | $698,442,334▲4.3% | 990 |
| 2023 | $78,044,764▲43.3% | $51,306,065▲27.1% | $276,897,805▲13.3% | $669,610,468▲9.8% | 990 |
| 2022 | $54,478,225▲22.1% | $40,371,633▲12.1% | $244,466,840▲6.7% | $609,720,317▲0.1% | 990 |
| 2021 | $44,624,452▼41.5% | $36,009,679▼9.8% | $229,209,243▲4.0% | $609,259,384▼3.4% | 990 |
| 2020 | $76,263,402▲98.7% | $39,904,589▲25.3% | $220,487,187▲19.7% | $630,963,967▲11.0% | 990 |
| 2019 | $38,375,216▼27.6% | $31,859,105▼16.0% | $184,146,097▲3.8% | $568,646,996▼2.5% | 990 |
| 2018 | $53,008,314▲52.3% | $37,924,894▼5.9% | $177,422,433▲9.4% | $583,355,846▲25.4% | 990 |
| 2017 | $34,808,765▼37.3% | $40,304,698▲19.9% | $162,128,326▼3.4% | $465,049,712▲9.5% | 990 |
| 2016 | $55,522,828▲94.1% | $33,606,774▲28.5% | $167,771,946▲15.0% | $424,551,350▲15.3% | 990 |
| 2015 | $28,599,849▼24.0% | $26,153,493▲14.3% | $145,842,479▲1.7% | $368,130,238▲14.3% | 990 |
| 2014 | $37,634,200▲9.9% | $22,873,356▲2.7% | $143,423,059▲11.5% | $321,932,876▲12.5% | 990 |
| 2013 | $34,258,082 | $22,271,947▼3.3% | $128,588,222▲10.1% | $286,047,297▲3.2% | 990 |
| 2012 | — | $23,031,664▲20.3% | $116,743,259▲2.9% | $277,116,129▼0.2% | 990 |
| 2011 | — | $19,148,305▼22.8% | $113,420,981▲34.4% | $277,695,447▲17.4% | 990 |
| 2009 | — | $24,806,421 | $84,363,153 | $236,508,307 | 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: Donald Hinkle-brown — $648,910 (1.31% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Donald Hinkle-brown | President & Ceo | 37.5 | $648,910 |
| Cheila Fernandez | Coo & Corporate Secretary | 37.5 | $489,732 |
| Kareem Thomas | Chief Credit Officer | 37.5 | $391,195 |
| Christina Szczepanski | President, Lending & Inves | 37.5 | $342,060 |
| Ira Goldstein | Senior Advisor, Policy Sol | 37.5 | $290,981 |
| Amanda High | Outgoing-cso | 37.5 | $289,478 |
| Sara Vernon Sterman | Chief Programs Officer | 37.5 | $286,667 |
| Tiffany Patterson | Cc & Mission Officer | 37.5 | $278,569 |
| Robert Cox | Md, Community Lending | 37.5 | $271,252 |
| Tiffany Canady | Chief Financial Officer | 37.5 | $270,794 |
| Tracy Murray Moore | Chief Human Resources Offi | 37.5 | $269,261 |
| Emily Dowdall | President, Policy Solution | 37.5 | $240,877 |
| Troy Spence | Md, Risk and Compliance | 37.5 | $230,606 |
| Charles Lichtenwalner | Md, Information Technology | 37.5 | $220,366 |
| Rhonda Smith | Assistant Corporate Secret | 37.5 | $107,052 |
| Cynthia Figueroa | Board Member | 1.5 | — |
| Daniel Hayes | Board Member | 2 | — |
| Dudley Benoit | Board Member, Finance Comm | 2 | — |
| Ivy Dench-carter | Board Member | 1.5 | — |
| Katherine O'regan | Board Member, Policy Advisory Chair | 1.5 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Morgan Lewis & Bockius LLP | Legal | $334,468 |
| Computer Design & Integration LLC | It Infrastructure/ Consultant | $273,212 |
| Eliassen Group LLC | Project Manager Consultant | $250,600 |
| Cohn Reznick LLP | Auditing/ Tax Services | $241,958 |
| Diane Z Lacosta | Operations and Compliance Consultant | $214,590 |
Grants received · $32.0M total
25 grants to Reinvestment Fund Inc totaling $32.0M, reported by foundations on their Schedule I filings — showing the 15 most recent.
Grants made · $10.1M in FY2024
170 grants totaling $10.1M in FY2024 — showing the 15 largest. All grants made by Reinvestment Fund Inc →
| Recipient | Purpose | Amount |
|---|---|---|
| Elite Contractors & Hvac Services LLC | Funding to child care providers | $350,000 |
| Children's Playhouse Fairhill | Funding to child care providers | $325,290 |
| Ann Kids Inc | Funding to child care providers | $325,000 |
| Queen Mother's Market Cooperative | Funding to expand or preserve the availability of staple and perishable foods in underserved areas with low and moderate income populations by maintaining or increasing the number of retail outlets that offer an assortment of perishable and staple foods in those areas | $200,000 |
| County of Dallas | Funding to expand or preserve the availability of staple and perishable foods in underserved areas with low and moderate income populations by maintaining or increasing the number of retail outlets that offer an assortment of perishable and staple foods in those areas | $200,000 |
| Frog Song Organics LLC | Funding to expand or preserve the availability of staple and perishable foods in underserved areas with low and moderate income populations by maintaining or increasing the number of retail outlets that offer an assortment of perishable and staple foods in those areas | $193,400 |
| Manuels Food Market LLC | Funding to expand or preserve the availability of staple and perishable foods in underserved areas with low and moderate income populations by maintaining or increasing the number of retail outlets that offer an assortment of perishable and staple foods in those areas | $192,580 |
| Land & Furrow LLC | Funding to expand or preserve the availability of staple and perishable foods in underserved areas with low and moderate income populations by maintaining or increasing the number of retail outlets that offer an assortment of perishable and staple foods in those areas | $188,400 |
| Evas Village Inc | Building healthier, more equitable communities (bhec) in new jersey | $180,000 |
| Wooster Local Foods Cooperative | Funding to expand or preserve the availability of staple and perishable foods in underserved areas with low and moderate income populations by maintaining or increasing the number of retail outlets that offer an assortment of perishable and staple foods in those areas | $169,700 |
| Dixon Cooperative Market | Funding to expand or preserve the availability of staple and perishable foods in underserved areas with low and moderate income populations by maintaining or increasing the number of retail outlets that offer an assortment of perishable and staple foods in those areas | $165,616 |
| Little Learners Childcare Center LLC | Funding to child care providers | $156,007 |
| Urban League of Essex County | Building healthier, more equitable communities (bhec) in new jersey | $155,000 |
| Interfaith Neighbors Inc | Building healthier, more equitable communities (bhec) in new jersey | $155,000 |
| Parkside Business & Community In Partnership Inc | Providing supplemental support to n.j. city teams in rwjf's building healthier, more equitable communities initiative | $155,000 |
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Frequently asked questions
- Is Reinvestment Fund Inc a legitimate nonprofit?
- Yes. Reinvestment Fund Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 23-2331946, based in Philadelphia, Pennsylvania. Donations are tax-deductible.
- What is Reinvestment Fund Inc's EIN?
- Reinvestment Fund Inc's Employer Identification Number (EIN) is 23-2331946.
- How much revenue does Reinvestment Fund Inc report?
- Reinvestment Fund Inc reported $56,470,670 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Reinvestment Fund Inc's spending goes to programs?
- Reinvestment Fund Inc spends about 77% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Reinvestment Fund Inc have?
- CharityIndex grades Reinvestment Fund Inc A, based on program efficiency and fundraising cost.
- How much does Reinvestment Fund Inc's highest-paid employee make?
- The highest reported compensation on Reinvestment Fund Inc's latest Form 990 is $648,910, paid to Donald Hinkle-brown (President & Ceo).
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Data for Reinvestment Fund Inc (EIN 23-2331946) 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.