Self Help Ventures Fund
75% goes to programs $0 to raise $100 Strong reserves Growing revenue
Self Help Ventures Fund is a 501(c)(3) organization based in Durham, North Carolina, registered in 1984, with $189,217,541 in FY2024 revenue. CharityIndex grades it B+, and it directs about 75% of spending to programs.
301 W Main St, Durham, NC, 27701 EIN 58-1562750 Since 1984
Revenue (FY2024)
$189.2M
▲ 179.4% vs prior year
Community median: $184K
Expenses (FY2024)
$68.6M
Net assets
$755.6M
Employees
0
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B+
BProgram efficiency40% of the rating75% to programs · $0 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 Self Help Ventures Fund: 75% to programs · $0 to raise $100 earns a B on this criterion. See the exact thresholds →
B+Financial health25% of the rating132 mo reserves · +64% 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 Self Help Ventures Fund: 132 mo reserves · +64% 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 Self Help Ventures Fund: 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 Self Help Ventures Fund: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
Self-help ventures funds mission is to create and protect ownership and economic opportunity for all, especially people of color, women, rural residents and low-wealth families and communities.
What they do
Loans to and investments in community development projects (a) employing low-income and unemployed persons; (b) in low-income, rural and distressed communities; and (c) involving charitable organizations. total beneficiaries = approximately 1,652
Facilitation of a secondary market at reasonable rates on a substainable basis for home mortgages made to low-income and other traditionally underserved home buyers to make homeownership more widely available to these families. total beneficiaries = approximately 17,685
Contact & location
- Address
- 301 W Main St, Durham, NC, 27701
- City
- Durham
- State
- North Carolina
- Subcategory
- Economic Development
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $44.9M (FY2013) to $189.2M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $2.7BNet assets $755.6M
Operating margin
63.8%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$3.4B
Total liabilities
$2.7B
Net assets
$755.6M
Salaries & benefits
$0
0% of expenses
Board members
11
10 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $189,217,541▲179% | $68,586,121▲19.3% | $755,594,888▲17.9% | $3,447,735,170▲234% | 990 |
| 2023 | $67,731,085▼29.1% | $57,501,791▲32.5% | $641,007,874▲1.6% | $1,032,930,060▲2.3% | 990 |
| 2022 | $95,498,767▲57.8% | $43,396,272▲37.9% | $630,871,662▲5.0% | $1,009,821,673▼4.6% | 990 |
| 2021 | $60,531,771▼42.1% | $31,466,429▼55.1% | $600,961,059▲5.2% | $1,059,061,327▼6.8% | 990 |
| 2020 | $104,499,213▲46.3% | $70,010,828▲49.0% | $571,067,772▲9.7% | $1,136,545,488▲14.8% | 990 |
| 2019 | $71,436,932▲14.9% | $46,989,160▲11.6% | $520,358,813▲5.3% | $990,044,914▲27.0% | 990 |
| 2018 | $62,183,272▲18.8% | $42,089,996▲12.4% | $494,330,933▲4.9% | $779,599,613▲10.8% | 990 |
| 2017 | $52,329,197▲18.2% | $37,436,137▲4.0% | $471,357,400▲4.6% | $703,797,748▲4.1% | 990 |
| 2016 | $44,253,295▲24.5% | $35,983,213▲12.5% | $450,594,575▲5.7% | $675,874,788▲0.3% | 990 |
| 2015 | $35,550,675▼8.2% | $31,995,720▲5.8% | $426,492,611▲5.4% | $674,055,733▼0.5% | 990 |
| 2014 | $38,712,354▼13.8% | $30,236,948▲3.2% | $404,670,440▲5.3% | $677,230,977▼3.8% | 990 |
| 2013 | $44,887,922 | $29,288,313▼16.7% | $384,372,255▲9.6% | $703,785,963▼4.1% | 990 |
| 2012 | — | $35,168,578▼34.0% | $350,812,521▲1.6% | $733,595,533▼10.1% | 990 |
| 2011 | — | $53,318,966▼15.3% | $345,349,462▲26.8% | $815,574,536▲11.6% | 990 |
| 2010 | — | $62,931,281 | $272,283,975 | $730,514,022 | 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)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Ajulo Othow | Director | 0.5 | — |
| Amanda Frazier Wong | President | 0 | — |
| Athena Eng | Manager Benefits & Payroll | 0 | — |
| Catherine Clark | Director | 0.5 | — |
| Duanne Andrade | Diretor | 0.5 | — |
| Elbert Avery | Director | 0.5 | — |
| Lillian Steponaitis | Director Special Projects | 0 | — |
| Lynne Walker | Director | 0.5 | — |
| Marla Bilonick | Director | 0.5 | — |
| Martin Eakes | Ceodirector | 0 | — |
| Mary Abad | Sr Commercial Lending Underwriter | 0 | — |
| Matthew Hobbs | Directorchair | 0.5 | — |
| Randy Chambers | Treasurersecretary | 0 | — |
| Robert Schall | Director | 0.5 | — |
| Ronn Stewart | Director | 0.5 | — |
| Russel Hagen | Manager Transition Exec | 0 | — |
| Sarah Brennan | Structured Finance Sector Leader | 0 | — |
| Tara Kenchen | Director | 0.5 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Blue Hat Mechanical Inc | Hvac Contractor | $1,576,527 |
| Coxschepp Construction LLC | Construction | $509,999 |
| Griffin Service Company Inc | Construction | $429,994 |
| Forvis Mazars LLP | Accounting Firm | $337,034 |
| Piedmont Service Group Inc | Construction | $177,681 |
Grants received · $48.2M total
5 grants to Self Help Ventures Fund totaling $48.2M, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Opportunity Finance Network | Finance justice fund subgrant | 2023 | $500,000 |
| Silicon Valley Community Foundation | Community development | 2021 | $140,000 |
| National Philanthropic Tr | Human services | 2020 | $45,000,000 |
| Rsf Social Finance Inc | For general operating support | 2020 | $70,000 |
| Duke University | General support | 2018 | $2,500,000 |
Grants made · $158K in FY2016
2 grants totaling $158K in FY2016. All grants made by Self Help Ventures Fund →
| Recipient | Purpose | Amount |
|---|---|---|
| Housing For New Hope Inc | To preserve afforadablity for a 10 unit low income housing development | $150,759 |
| Self Help Credit Union | To preserve home ownership for seniors in a low income neighborhood | $7,575 |
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Frequently asked questions
- Is Self Help Ventures Fund a legitimate nonprofit?
- Yes. Self Help Ventures Fund is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 58-1562750, based in Durham, North Carolina. Donations are tax-deductible.
- What is Self Help Ventures Fund's EIN?
- Self Help Ventures Fund's Employer Identification Number (EIN) is 58-1562750.
- How much revenue does Self Help Ventures Fund report?
- Self Help Ventures Fund reported $189,217,541 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Self Help Ventures Fund's spending goes to programs?
- Self Help Ventures Fund spends about 75% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Self Help Ventures Fund have?
- CharityIndex grades Self Help Ventures Fund B+, based on program efficiency and fundraising cost.
- How much does Self Help Ventures Fund's highest-paid employee make?
- The highest reported compensation on Self Help Ventures Fund's latest Form 990 is $0, paid to Ajulo Othow (Director).
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Data for Self Help Ventures Fund (EIN 58-1562750) 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.