Form990


Department of the TreasuryInternal Revenue Service
Return of Organization Exempt From Income Tax
Under section 501(c), 527, or 4947(a)(1) of the Internal Revenue Code (except private foundations)
MediumBullet Do not enter social security numbers on this form as it may be made public.
MediumBullet Go to www.irs.gov/Form990 for instructions and the latest information.
OMB No. 1545-0047
2021
Open to Public Inspection
A For the 2021 calendar year, or tax year beginning 07-01-2022 , and ending 06-30-2023
BCheck if applicable:
CName of organization
COMMUNITY REINVESTMENT FUND INC
 
 
Doing business as
 
 
Number and street (or P.O. box if mail is not delivered to street address)
801 NICOLLET MALL 1700W
 
Room/suite
City or town, state or province, country, and ZIP or foreign postal code
MINNEAPOLIS, MN55402
D Employer identification number

41-1616861
E Telephone number

G Gross receipts $ 55,488,124
F Name and address of principal officer:
MATTHEW ROTH
801 NICOLLET MALL 1700W
MINNEAPOLIS,MN55402
I
Tax-exempt status: (   ) LeftBullet (insert no.) or
J
Website:MediumBullet
WWW.CRFUSA.COM
H(a)
Is this a group return for
subordinates?
H(b)
Are all subordinates
included?
If "No," attach a list. See instructions.
H(c)
Group exemption number MediumBullet  
K Form of organization:  
L Year of formation: 1988
M State of legal domicile: MN
Part I
Summary
Activities & Governance 1 Briefly describe the organization’s mission or most significant activities: TO IMPROVE LIVES AND STRENGTHEN COMMUNITIES THROUGH INNOVATIVE FINANCIAL SOLUTIONS.
2 Check this box MediumBullet
3 Number of voting members of the governing body (Part VI, line 1a) ........ 3 16
4 Number of independent voting members of the governing body (Part VI, line 1b) ..... 4 15
5 Total number of individuals employed in calendar year 2021 (Part V, line 2a) ...... 5 118
6 Total number of volunteers (estimate if necessary) ............. 6 15
7a Total unrelated business revenue from Part VIII, column (C), line 12 ........ 7a -2,862
b Net unrelated business taxable income from Form 990-T, Part I, line 11 ......... 7b 0
Revenues Prior Year Current Year
8 Contributions and grants (Part VIII, line 1h) ......... 13,250,390 26,484,053
9 Program service revenue (Part VIII, line 2g) ......... 25,280,758 20,635,271
10 Investment income (Part VIII, column (A), lines 3, 4, and 7d ) .... 0 8,568,393
11 Other revenue (Part VIII, column (A), lines 5, 6d, 8c, 9c, 10c, and 11e) -162,898 -213,255
12 Total revenue—add lines 8 through 11 (must equal Part VIII, column (A), line 12) 38,368,250 55,474,462
Expenses; 13 Grants and similar amounts paid (Part IX, column (A), lines 1–3 )... 945,865 691,623
14 Benefits paid to or for members (Part IX, column (A), line 4)..... 0 0
15 Salaries, other compensation, employee benefits (Part IX, column (A), lines 5–10) 17,774,087 21,245,317
16a Professional fundraising fees (Part IX, column (A), line 11e) ..... 0 0
b Total fundraising expenses (Part IX, column (D), line 25) MediumBullet782,307    
17 Other expenses (Part IX, column (A), lines 11a–11d, 11f–24e).... 14,198,819 23,575,506
18 Total expenses. Add lines 13–17 (must equal Part IX, column (A), line 25) 32,918,771 45,512,446
19 Revenue less expenses. Subtract line 18 from line 12....... 5,449,479 9,962,016
Net Assets or Fund Balances; Beginning of Current Year End of Year
20 Total assets (Part X, line 16)............. 166,360,640 193,075,984
21 Total liabilities (Part X, line 26)............. 100,590,346 117,764,845
22 Net assets or fund balances. Subtract line 21 from line 20..... 65,770,294 75,311,139
Part II
Signature Block
Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than officer) is based on all information of which preparer has any knowledge.
Sign Here
JumboBullet
Signature of officer Date
JumboBullet
Type or print name and title
Paid Preparer Use Only
Print/Type preparer's name
Preparer's signature
Date
PTIN
Firm's name MediumBullet

Firm's EIN MediumBullet
Firm's address MediumBullet



Phone no.
May the IRS discuss this return with the preparer shown above? (see instructions) ..........
For Paperwork Reduction Act Notice, see the separate instructions.
Cat. No. 11282Y Form 990 (2021)
Form 990 (2021)
Page 2
Part III
Statement of Program Service Accomplishments
Check if Schedule O contains a response or note to any line in this Part III..............
1
Briefly describe the organization’s mission: TO IMPROVE LIVES AND STRENGTHEN COMMUNITIES THROUGH INNOVATIVE FINANCIAL SOLUTIONS.
2
Did the organization undertake any significant program services during the year which were not listed on
the prior Form 990 or 990-EZ? .....................
If "Yes," describe these new services on Schedule O.
3
Did the organization cease conducting, or make significant changes in how it conducts, any program
services? ...........................
If "Yes," describe these changes on Schedule O.
4
Describe the organization’s program service accomplishments for each of its three largest program services, as measured by expenses. Section 501(c)(3) and 501(c)(4) organizations are required to report the amount of grants and allocations to others, the total expenses, and revenue, if any, for each program service reported.
4a (Code:   ) (Expenses $ 23,082,809 including grants of $ 91,623 ) (Revenue $ 13,236,858 )
LENDING PROGRAMS - FOUNDED IN 1988, COMMUNITY REINVESTMENT FUND, USA (CRF) IS A NATIONAL NON-PROFIT ORGANIZATION AND A LEADING COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION (CDFI). CRF WORKS COLLABORATIVELY WITH COMMUNITY LENDERS AND STAKEHOLDERS TO INCREASE ECONOMIC MOBILITY, BUILD STRONG LOCAL ECONOMIES, AND REDUCE THE WEALTH GAP IN PURSUIT OF A JUST ECONOMY THAT WORKS FOR ALL. IN PARTNERSHIP WITH OTHERS, CRF CO-CREATES AND DELIVERS PROGRAMS, PRODUCTS AND SERVICES THAT ADDRESS THE BARRIERS AND INEQUITIES SMALL BUSINESSES WITH A HISTORY OF UNDERREPRESENTATION FACE. CAPITAL IS PROVIDED DIRECTLY TO SMALL BUSINESSES THROUGH DIRECT LENDING PROGRAMS INCLUDING SBA 7(A) AND NEW MARKET TAX CREDITS, AS WELL AS INDIRECTLY THROUGH PROGRAMS SUCH AS THE BOND GUARANTY PROGRAM. DURING THE FISCAL YEAR 2023, CRF PROVIDED FINANCING TOTALING $26.6 MILLION TO SMALL BUSINESSES ACROSS THE COUNTRY, LEADING TO THE CREATION OR RETENTION OF MORE THAN 816 JOBS.
4b (Code:   ) (Expenses $ 10,555,851 including grants of $ 350,000 ) (Revenue $ 4,513,009 )
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 AAS PARTNERSHIPS BETWEEN TRADITIONAL BANKS AND CDFIS. DURING THE FISCAL YEAR 2023, CRF FACILITATED THE ORIGINATION OF APPROXIMATELY 2,265 LOANS TOTALING $190 MILLION.
4c (Code:   ) (Expenses $ 5,717,119 including grants of $ 250,000 ) (Revenue $ 2,885,404 )
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, RESIDENTIAL MORTGAGES, EQUIPMENT, AND OTHERS. DURING THE 2023 FISCAL YEAR, CRF PROVIDED THIRD PARTY LOAN SERVICING SUPPORT FOR 58 COMMUNITY DEVELOPMENT LENDERS WITH VOLUME OF APPROXIMATELY 4,000 LOANS TOTALING $127 MILLION. DURING THE 2023 FISCAL YEAR, CRF PROVIDED ADMINISTRATION FOR 10 FUNDS WITH ASSET TOTALING $87 MILLION.
4d Other program services (Describe in Schedule O.)
(Expenses $   including grants of $   ) (Revenue $   )
4e Total program service expensesMediumBullet39,355,779
Form 990 (2021)
Form 990 (2021)
Page 3
Part IV
Checklist of Required Schedules
Yes
No
1
Is the organization described in section 501(c)(3) or 4947(a)(1) (other than a private foundation)? If "Yes," complete Schedule AClick to see attachment
List of Attached Documents:
// Content
.....................
1
Yes
 
2
Is the organization required to complete Schedule B, Schedule of Contributors? See instructions. Click to see attachment
List of Attached Documents:
// Content
...
2
Yes
 
3
Did the organization engage in direct or indirect political campaign activities on behalf of or in opposition to candidates for public office? If "Yes," complete Schedule C, Part IClick to see attachment
List of Attached Documents:
// Content
.............
3
 
No
4
Section 501(c)(3) organizations. Did the organization engage in lobbying activities, or have a section 501(h) election in effect during the tax year? If "Yes," complete Schedule C, Part IIClick to see attachment
List of Attached Documents:
// Content
.........
4
Yes
 
5
Is the organization a section 501(c)(4), 501(c)(5), or 501(c)(6) organization that receives membership dues, assessments, or similar amounts as defined in Rev. Proc. 98-19? If "Yes," complete Schedule C, Part IIIClick to see attachment
List of Attached Documents:
// Content
..
5
 
No
6
Did the organization maintain any donor advised funds or any similar funds or accounts for which donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts? If "Yes," complete Schedule D, Part IClick to see attachment
List of Attached Documents:
// Content
.........................
6
 
No
7
Did the organization receive or hold a conservation easement, including easements to preserve open space,
the environment, historic land areas, or historic structures? If "Yes," complete Schedule D, Part IIClick to see attachment
List of Attached Documents:
// Content
....
7
 
No
8
Did the organization maintain collections of works of art, historical treasures, or other similar assets? If "Yes,"
complete Schedule D, Part IIIClick to see attachment
List of Attached Documents:
// Content
..............
8
 
No
9
Did the organization report an amount in Part X, line 21 for escrow or custodial account liability; serve as a custodian for amounts not listed in Part X; or provide credit counseling, debt management, credit repair, or debt negotiation services? If "Yes," complete Schedule D, Part IVClick to see attachment
List of Attached Documents:
// Content
..............
9
Yes
 
10
Did the organization, directly or through a related organization, hold assets in temporarily restricted endowments, permanent endowments, or quasi endowments? If "Yes," complete Schedule D, Part V......
10
 
No
11
If the organization’s answer to any of the following questions is "Yes," then complete Schedule D, Parts VI, VII, VIII, IX, or X, as applicable.
a
Did the organization report an amount for land, buildings, and equipment in Part X, line 10? If "Yes," complete
Schedule D, Part VI. Click to see attachment
List of Attached Documents:
// Content
...................
11a
Yes
 
b
Did the organization report an amount for investments—other securities in Part X, line 12 that is 5% or more of its total assets reported in Part X, line 16? If "Yes," complete Schedule D, Part VIIClick to see attachment
List of Attached Documents:
// Content
.......
11b
 
No
c
Did the organization report an amount for investments—program related in Part X, line 13 that is 5% or more of its total assets reported in Part X, line 16? If "Yes," complete Schedule D, Part VIIIClick to see attachment
List of Attached Documents:
// Content
.......
11c
 
No
d
Did the organization report an amount for other assets in Part X, line 15 that is 5% or more of its total assets reported in Part X, line 16? If "Yes," complete Schedule D, Part IXClick to see attachment
List of Attached Documents:
// Content
............
11d
 
No
e
Did the organization report an amount for other liabilities in Part X, line 25? If "Yes," complete Schedule D, Part XClick to see attachment
List of Attached Documents:
// Content
11e
 
No
f
Did the organization’s separate or consolidated financial statements for the tax year include a footnote that addresses the organization’s liability for uncertain tax positions under FIN 48 (ASC 740)? If "Yes," complete Schedule D, Part XClick to see attachment
List of Attached Documents:
// Content
11f
Yes
 
12a
Did the organization obtain separate, independent audited financial statements for the tax year? If "Yes," complete
Schedule D, Parts XI and XIIClick to see attachment
List of Attached Documents:
// Content
......................
12a
 
No
b
Was the organization included in consolidated, independent audited financial statements for the tax year? If "Yes," and if the organization answered "No" to line 12a, then completing Schedule D, Parts XI and XII is optional Click to see attachment
List of Attached Documents:
// Content
12b
Yes
 
13
Is the organization a school described in section 170(b)(1)(A)(ii)? If "Yes," complete Schedule E
13
 
No
14a
Did the organization maintain an office, employees, or agents outside of the United States? .....
14a
 
No
b
Did the organization have aggregate revenues or expenses of more than $10,000 from grantmaking, fundraising, business, investment, and program service activities outside the United States, or aggregate foreign investments valued at $100,000 or more? If "Yes," complete Schedule F, Parts I and IV.........
14b
 
No
15
Did the organization report on Part IX, column (A), line 3, more than $5,000 of grants or other assistance to or for any foreign organization? If “Yes,” complete Schedule F, Parts II and IV.....
15
 
No
16
Did the organization report on Part IX, column (A), line 3, more than $5,000 of aggregate grants or other assistance to or for foreign individuals? If “Yes,” complete Schedule F, Parts III and IV...
16
 
No
17
Did the organization report a total of more than $15,000 of expenses for professional fundraising services on Part IX, column (A), lines 6 and 11e? If "Yes," complete Schedule G, Part I. See instructions. ....
17
 
No
18
Did the organization report more than $15,000 total of fundraising event gross income and contributions on Part VIII, lines 1c and 8a? If "Yes," complete Schedule G, Part II............
18
 
No
19
Did the organization report more than $15,000 of gross income from gaming activities on Part VIII, line 9a? If "Yes," complete Schedule G, Part III...................
19
 
No
20a
Did the organization operate one or more hospital facilities? If "Yes," complete Schedule H....
20a
 
No
b
If "Yes" to line 20a, did the organization attach a copy of its audited financial statements to this return?
20b
 
 
21
Did the organization report more than $5,000 of grants or other assistance to any domestic organization or domestic government on Part IX, column (A), line 1? If “Yes,” complete Schedule I, Parts I and II.....Click to see attachment
List of Attached Documents:
// Content
21
Yes
 
Form 990 (2021)
Form 990 (2021)
Page 4
Part IV
Checklist of Required Schedules (continued)
Yes
No
22
Did the organization report more than $5,000 of grants or other assistance to or for domestic individuals on Part IX, column (A), line 2? If “Yes,” complete Schedule I, Parts I and III........Click to see attachment
List of Attached Documents:
// Content
22
 
No
23
Did the organization answer "Yes" to Part VII, Section A, line 3, 4, or 5, about compensation of the organization’s current and former officers, directors, trustees, key employees, and highest compensated employees? If "Yes," complete Schedule J....................... Click to see attachment
List of Attached Documents:
// Content
23
Yes
 
24a
Did the organization have a tax-exempt bond issue with an outstanding principal amount of more than $100,000 as of the last day of the year, that was issued after December 31, 2002? If “Yes,” answer lines 24b through 24d and complete Schedule K. If “No,” go to line 25a...............
24a
 
No
b
Did the organization invest any proceeds of tax-exempt bonds beyond a temporary period exception?...
24b
 
 
c
Did the organization maintain an escrow account other than a refunding escrow at any time during the year
to defease any tax-exempt bonds? ...............
24c
 
 
d
Did the organization act as an "on behalf of" issuer for bonds outstanding at any time during the year?...
24d
 
 
25a
Section 501(c)(3), 501(c)(4), and 501(c)(29) organizations. Did the organization engage in an excess benefit transaction with a disqualified person during the year? If "Yes," complete Schedule L, Part I ....
25a
 
No
b
Is the organization aware that it engaged in an excess benefit transaction with a disqualified person in a prior year, and that the transaction has not been reported on any of the organization’s prior Forms 990 or 990-EZ? If "Yes," complete Schedule L, Part I.......................
25b
 
No
26
Did the organization report any amount on Part X, line 5 or 22 for receivables from or payables to any current or former officer, director, trustee, key employee, creator or founder, substantial contributor, or 35% controlled entity or family member of any of these persons? If "Yes," complete Schedule L, Part II...........
26
 
No
27
Did the organization provide a grant or other assistance to any current or former officer, director, trustee, key employee, creator or founder, substantial contributor, or employee thereof, a grant selection committee member, or to a 35% controlled entity (including an employee thereof) or family member of any of these persons?
If "Yes," complete
Schedule L, Part III.........................
27
 
No
28
Was the organization a party to a business transaction with one of the following parties (see the Schedule L, Part IV instructions for applicable filing thresholds, conditions, and exceptions):
a
A current or former officer, director, trustee, key employee, creator or founder, or substantial contributor? If "Yes," complete Schedule L, Part IV......................
28a
 
No
b
A family member of any individual described in line 28a? If "Yes," complete Schedule L, Part IV.....
28b
 
No
c
A 35% controlled entity of one or more individuals and/or organizations described in line 28a or 28b? If "Yes," complete Schedule L, Part IV.....................
28c
 
No
29
Did the organization receive more than $25,000 in non-cash contributions? If "Yes," complete Schedule M..
29
 
No
30
Did the organization receive contributions of art, historical treasures, or other similar assets, or qualified conservation contributions? If "Yes," complete Schedule M .................
30
 
No
31
Did the organization liquidate, terminate, or dissolve and cease operations? If "Yes," complete Schedule N, Part I
31
 
No
32
Did the organization sell, exchange, dispose of, or transfer more than 25% of its net assets? If "Yes," complete Schedule N, Part II........................
32
 
No
33
Did the organization own 100% of an entity disregarded as separate from the organization under Regulations sections 301.7701-2 and 301.7701-3? If "Yes," complete Schedule R, Part I............Click to see attachment
List of Attached Documents:
// Content
33
Yes
 
34
Was the organization related to any tax-exempt or taxable entity? If "Yes," complete Schedule R, Part II, III, or IV, and Part V, line 1.........................Click to see attachment
List of Attached Documents:
// Content
34
Yes
 
35a
Did the organization have a controlled entity within the meaning of section 512(b)(13)?
35a
Yes
 
b
If ‘Yes’ to line 35a, did the organization receive any payment from or engage in any transaction with a controlled entity within the meaning of section 512(b)(13)? If "Yes," complete Schedule R, Part V, line 2 ...Click to see attachment
List of Attached Documents:
// Content
35b
Yes
 
36
Section 501(c)(3) organizations. Did the organization make any transfers to an exempt non-charitable related organization? If "Yes," complete Schedule R, Part V, line 2............. Click to see attachment
List of Attached Documents:
// Content
36
 
No
37
Did the organization conduct more than 5% of its activities through an entity that is not a related organization and that is treated as a partnership for federal income tax purposes? If "Yes," complete Schedule R, Part VIClick to see attachment
List of Attached Documents:
// Content
37
 
No
38
Did the organization complete Schedule O and provide explanations on Schedule O for Part VI, lines 11b and 19? Note. All Form 990 filers are required to complete Schedule O. ............
38
Yes
 
Part V
Statements Regarding Other IRS Filings and Tax Compliance
Check if Schedule O contains a response or note to any line in this Part V...........
Yes
No
1a
Enter the number reported in box 3 of Form 1096. Enter -0- if not applicable ..
1a
56
b
Enter the number of Forms W-2G included on line 1a. Enter -0- if not applicable .
1b
0
c
Did the organization comply with backup withholding rules for reportable payments to vendors and reportable gaming (gambling) winnings to prize winners? ..................
1c
 
 
Form 990 (2021)
Form 990 (2021)
Page 5
Part V
Statements Regarding Other IRS Filings and Tax Compliance (continued)
2a
Enter the number of employees reported on Form W-3, Transmittal of Wage and
Tax Statements, filed for the calendar year ending with or within the year covered by this return ..................
2a
118
b
If at least one is reported on line 2a, did the organization file all required federal employment tax returns?
Note. If the sum of lines 1a and 2a is greater than 250, you may be required to e-file. See instructions.
2b
Yes
 
3a
Did the organization have unrelated business gross income of $1,000 or more during the year?...
3a
Yes
 
b
If “Yes,” has it filed a Form 990-T for this year? If “No” to line 3b, provide an explanation in Schedule O...
3b
Yes
 
4a
At any time during the calendar year, did the organization have an interest in, or a signature or other authority over, a financial account in a foreign country (such as a bank account, securities account, or other financial account)? ..
4a
 
No
b
If "Yes," enter the name of the foreign country: MediumBullet
See instructions for filing requirements for FinCEN Form 114, Report of Foreign Bank and Financial Accounts (FBAR).
5a
Was the organization a party to a prohibited tax shelter transaction at any time during the tax year? ..
5a
 
No
b
Did any taxable party notify the organization that it was or is a party to a prohibited tax shelter transaction?
5b
 
No
c
If "Yes," to line 5a or 5b, did the organization file Form 8886-T? ............
5c
 
 
6a
Does the organization have annual gross receipts that are normally greater than $100,000, and did the organization solicit any contributions that were not tax deductible as charitable contributions? ...
6a
 
No
b
If "Yes," did the organization include with every solicitation an express statement that such contributions or gifts were not tax deductible? ......................
6b
 
 
7
Organizations that may receive deductible contributions under section 170(c).
a
Did the organization receive a payment in excess of $75 made partly as a contribution and partly for goods and services provided to the payor? ....................
7a
 
No
b
If "Yes," did the organization notify the donor of the value of the goods or services provided? .....
7b
 
 
c
Did the organization sell, exchange, or otherwise dispose of tangible personal property for which it was required to file Form 8282? .........................
7c
 
No
d
If "Yes," indicate the number of Forms 8282 filed during the year ....
7d
 
e
Did the organization receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?
7e
 
No
f
Did the organization, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ..
7f
 
No
g
If the organization received a contribution of qualified intellectual property, did the organization file Form 8899 as required? ......................
7g
 
 
h
If the organization received a contribution of cars, boats, airplanes, or other vehicles, did the organization file a Form 1098-C? ..........................
7h
 
 
8
Sponsoring organizations maintaining donor advised funds. Did a donor advised fund maintained by the sponsoring organization have excess business holdings at any time during the year? ........
8
 
 
9
Sponsoring organizations maintaining donor advised funds.
a
Did the sponsoring organization make any taxable distributions under section 4966?........
9a
 
 
b
Did the sponsoring organization make a distribution to a donor, donor advisor, or related person?...
9b
 
 
10
Section 501(c)(7) organizations. Enter:
a
Initiation fees and capital contributions included on Part VIII, line 12 ...
10a
 
b
Gross receipts, included on Form 990, Part VIII, line 12, for public use of club facilities
10b
 
11
Section 501(c)(12) organizations. Enter:
a
Gross income from members or shareholders .........
11a
 
b
Gross income from other sources. (Do not net amounts due or paid to other sources against amounts due or received from them.) ..........
11b
 
12a
Section 4947(a)(1) non-exempt charitable trusts. Is the organization filing Form 990 in lieu of Form 1041?
12a
 
 
b
If "Yes," enter the amount of tax-exempt interest received or accrued during the year.
12b
 
13
Section 501(c)(29) qualified nonprofit health insurance issuers.
a
Is the organization licensed to issue qualified health plans in more than one state? .........
Note. See the instructions for additional information the organization must report on Schedule O.
13a
 
 
b
Enter the amount of reserves the organization is required to maintain by the states in which the organization is licensed to issue qualified health plans ....
13b
 
c
Enter the amount of reserves on hand ............
13c
 
14a
Did the organization receive any payments for indoor tanning services during the tax year?.....
14a
 
No
b
If "Yes," has it filed a Form 720 to report these payments? If "No," provide an explanation in Schedule O..
14b
 
 
15
Is the organization subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or excess parachute payment(s) during the year? ....................
If "Yes," see the instructions and file Form 4720, Schedule N.
15
 
No
16
Is the organization an educational institution subject to the section 4968 excise tax on net investment income? ..
If "Yes," complete Form 4720, Schedule O.
16
 
No
17
Section 501(c)(21) organizations. Did the trust, any disqualified person, or mine operator engage in any activities that would result in the imposition of an excise tax under section 4951, 4952, or 4953? ..
If "Yes," complete Form 6069.
17
 
 
Form 990 (2021)
Form 990 (2021)
Page 6
Part VI
Governance, Management, and Disclosure. For each "Yes" response to lines 2 through 7b below, and for a "No" response to lines 8a, 8b, or 10b below, describe the circumstances, processes, or changes in Schedule O. See instructions.
Check if Schedule O contains a response or note to any line in this Part VI..............
Section A. Governing Body and Management
Yes
No
1a
Enter the number of voting members of the governing body at the end of the tax year
1a
16
If there are material differences in voting rights among members of the governing body, or if the governing body delegated broad authority to an executive committee or similar committee, explain in Schedule O.
b
Enter the number of voting members included in line 1a, above, who are independent
1b
15
2
Did any officer, director, trustee, or key employee have a family relationship or a business relationship with any other officer, director, trustee, or key employee? .................
2
 
No
3
Did the organization delegate control over management duties customarily performed by or under the direct supervision of officers, directors or trustees, or key employees to a management company or other person? .
3
 
No
4
Did the organization make any significant changes to its governing documents since the prior Form 990 was filed? .
4
 
No
5
Did the organization become aware during the year of a significant diversion of the organization’s assets? .
5
 
No
6
Did the organization have members or stockholders? ................
6
 
No
7a
Did the organization have members, stockholders, or other persons who had the power to elect or appoint one or more members of the governing body? ....................
7a
Yes
 
b
Are any governance decisions of the organization reserved to (or subject to approval by) members, stockholders, or persons other than the governing body? ...................
7b
 
No
8
Did the organization contemporaneously document the meetings held or written actions undertaken during the year by the following:
a
The governing body? .......................
8a
Yes
 
b
Each committee with authority to act on behalf of the governing body? ............
8b
Yes
 
9
Is there any officer, director, trustee, or key employee listed in Part VII, Section A, who cannot be reached at the organization’s mailing address? If "Yes," provide the names and addresses in Schedule O.......
9
 
No
Section B. Policies (This Section B requests information about policies not required by the Internal Revenue Code.)
Yes
No
10a
Did the organization have local chapters, branches, or affiliates? ............
10a
 
No
b
If "Yes," did the organization have written policies and procedures governing the activities of such chapters, affiliates, and branches to ensure their operations are consistent with the organization's exempt purposes?
10b
 
 
11a
Has the organization provided a complete copy of this Form 990 to all members of its governing body before filing the form? ............................
11a
Yes
 
b
Describe on Schedule O the process, if any, used by the organization to review this Form 990. .....
12a
Did the organization have a written conflict of interest policy? If "No," go to line 13.......
12a
Yes
 
b
Were officers, directors, or trustees, and key employees required to disclose annually interests that could give rise to conflicts? ..........................
12b
Yes
 
c
Did the organization regularly and consistently monitor and enforce compliance with the policy? If "Yes," describe on Schedule O how this was done...................
12c
Yes
 
13
Did the organization have a written whistleblower policy? ...............
13
Yes
 
14
Did the organization have a written document retention and destruction policy? .........
14
Yes
 
15
Did the process for determining compensation of the following persons include a review and approval by independent persons, comparability data, and contemporaneous substantiation of the deliberation and decision?
a
The organization’s CEO, Executive Director, or top management official ...........
15a
Yes
 
b
Other officers or key employees of the organization ................
15b
Yes
 
If "Yes" to line 15a or 15b, describe the process on Schedule O. See instructions.
16a
Did the organization invest in, contribute assets to, or participate in a joint venture or similar arrangement with a taxable entity during the year? ......................
16a
 
No
b
If "Yes," did the organization follow a written policy or procedure requiring the organization to evaluate its participation in joint venture arrangements under applicable federal tax law, and take steps to safeguard the organization’s exempt status with respect to such arrangements? ............
16b
 
 
Section C. Disclosure
17
List the states with which a copy of this Form 990 is required to be filedMediumBullet
AL , AR , CA , CT , FL , GA , HI , KS , KY , ME , MD , MA , MN , MS , NH , NJ , NM , NY , NC , OK , OR , PA , SC , TN , UT , VA , WA , WV , WI , MI , CO , IL , ND , OH , RI
18
Section 6104 requires an organization to make its Form 1023 (1024 or 1024-A, if applicable), 990, and 990-T (section 501(c)(3)s only) available for public inspection. Indicate how you made these available. Check all that apply.
19
Describe in Schedule O whether (and if so, how) the organization made its governing documents, conflict of interest policy, and financial statements available to the public during the tax year.
20
State the name, address, and telephone number of the person who possesses the organization's books and records:
MediumBulletPAUL TREMEWAN801 NICOLLET MALL SUITE 1700W   MINNEAPOLIS,MN55402 (612) 224-9580
Form 990 (2021)
Form 990 (2021)
Page 7
Part VII
Compensation of Officers, Directors,Trustees, Key Employees, Highest Compensated Employees, and Independent Contractors
Check if Schedule O contains a response or note to any line in this Part VII..............
Section A. Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees
1a Complete this table for all persons required to be listed. Report compensation for the calendar year ending with or within the organization’s tax year.
RoundBullet List all of the organization’s current officers, directors, trustees (whether individuals or organizations), regardless of amount
of compensation. Enter -0- in columns (D), (E), and (F) if no compensation was paid.

RoundBullet List all of the organization’s current key employees, if any. See the instructions for definition of "key employee."
RoundBullet List the organization’s five current highest compensated employees (other than an officer, director, trustee or key employee)
who received reportable compensation (box 5 of Form W-2, Form 1099-MISC, and/or box 1 of Form 1099-NEC) of more than $100,000 from the
organization and any related organizations.

RoundBullet List all of the organization’s former officers, key employees, or highest compensated employees who received more than $100,000
of reportable compensation from the organization and any related organizations.

RoundBullet List all of the organization’s former directors or trustees that received, in the capacity as a former director or trustee of the
organization, more than $10,000 of reportable compensation from the organization and any related organizations.

See the instructions for the order in which to list the persons above.
Check this box if neither the organization nor any related organization compensated any current officer, director, or trustee.
(A)
Name and title 		(B)
Average hours per week (list any hours for related organizations below dotted line) 		(C)
Position (do not check more than one box, unless person is both an officer and a director/trustee) 		(D)
Reportable compensation from the organization (W-2/1099-MISC/1099-NEC) 		(E)
Reportable compensation from related organizations (W-2/1099-MISC/1099-NEC) 		(F)
Estimated amount of other compensation from the organization and related organizations
Individual Trustee or Director; Institutional Trustee; OfficerInd; Key Employee; Highest compensated employee; FormerOfcrDirectorTrusteeInd;
(1) FRANK ALTMAN......................................................................
CEO
 40.00
.................
0.00 		    X       701,411 0 24,688
(2) JENNIFER ANDERSON......................................................................
CHIEF ADMINISTRATIVE OFFICER
 40.00
.................
0.00 		    X       521,050 0 42,203
(3) KEITH RACHEY......................................................................
EVP CHIEF IMPACT OFFICER UNTIL 6/23
 40.00
.................
0.00 		    X       449,342 0 42,528
(4) NICHOLAS ELDERS......................................................................
CEO - IGNIFY
 0.00
.................
40.00 		        X   0 388,010 68,738
(5) GARY HOLMQUIST......................................................................
REGIONAL DIRECTOR OF BUSINESS DEVELOPMENT UNTIL 6/
 40.00
.................
0.00 		        X   324,437 0 42,159
(6) JENNIFER NOVAK......................................................................
SVP CAPITAL MARKETS
 40.00
.................
0.00 		    X       314,137 0 42,201
(7) ERIK SWENSON......................................................................
CHIEF OPERATING OFFICER - IGNIFY
 0.00
.................
40.00 		        X   0 295,860 54,756
(8) ERIK MAU......................................................................
CHIEF TECHNOLOGY OFFICER - IGNIFY
 0.00
.................
40.00 		        X   0 292,920 56,585
(9) JUDITH JANDRO......................................................................
SVP SMALL BUSINESS LENDING UNTIL 2/23
 40.00
.................
0.00 		    X       286,689 0 41,282
(10) SIMON MCNEIL......................................................................
SVP OPERATIONS UNTIL 6/23
 40.00
.................
0.00 		    X       285,157 0 29,995
(11) ERIC CHAPIN......................................................................
GENERAL COUNSEL
 40.00
.................
0.00 		    X       251,429 0 39,716
(12) PATRICK DAVIS......................................................................
SVP OF PLATFORM AND TECH SERVICES
 40.00
.................
0.00 		    X       247,868 0 19,332
(13) PAUL TREMEWAN......................................................................
SVP & CFO
 40.00
.................
0.00 		    X       229,626 0 24,241
(14) BRANDON DIXON......................................................................
CHIEF CREDIT OFFICER UNTIL 2/23
 40.00
.................
0.00 		    X       225,891 0 38,385
(15) ERIK O'LEARY......................................................................
PRINCIPAL ARCHITECT
 40.00
.................
0.00 		        X   217,436 0 17,847
(16) DEBRA MOUNSEY......................................................................
VP OF HUMAN RESOURCES UNTIL 9/22
 40.00
.................
0.00 		      X     189,859 0 16,080
(17) KINFE ARGAW......................................................................
SVP CHIEF CREDIT OFFICER
 40.00
.................
0.00 		    X       181,175 0 35,778
Form 990 (2021)
Form 990 (2021)
Page 8
Part VII
Section A. Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees (continued)
(A)
Name and title 		(B)
Average hours per week (list any hours for related organizations below dotted line) 		(C)
Position (do not check more than one box, unless person is both an officer and a director/trustee) 		(D)
Reportable compensation from the organization (W-2/1099-MISC/1099-NEC) 		(E)
Reportable compensation from related organizations (W-2/1099-MISC/1099-NEC) 		(F)
Estimated amount of other compensation from the organization and related organizations
Individual Trustee or Director; Institutional Trustee; OfficerInd; Key Employee; Highest compensated employee; FormerOfcrDirectorTrusteeInd;
(18) CHARITY VICKERS........................................................................
SVP CHIEF PEOPLE OFFICER
 40.00
.......................0.00 		    X       37,593 0 2,519
(19) MATTHEW ROTH........................................................................
CEO & PRESIDENT
 40.00
.......................0.00 		X   X       0 0 0
(20) REZA AGHAMIRZADEH........................................................................
CHAIR
 1.00
.......................0.00 		X   X       0 0 0
(21) DANIEL SPILLER........................................................................
VICE CHAIR
 1.00
.......................0.00 		X   X       0 0 0
(22) STEVEN KENT........................................................................
TREASURER
 1.00
.......................0.00 		X   X       0 0 0
(23) LAURA TRUDEAU........................................................................
SECRETARY
 1.00
.......................0.00 		X           0 0 0
(24) DAVID ADAME........................................................................
TRUSTEE
 1.00
.......................0.00 		X           0 0 0
(25) RUBEN ALONSO III........................................................................
TRUSTEE
 1.00
.......................0.00 		X           0 0 0
(26) GAVIN BOROWIAK........................................................................
TRUSTEE
 1.00
.......................0.00 		X           0 0 0
(27) TONY BROWN........................................................................
TRUSTEE
 1.00
.......................0.00 		X           0 0 0
(28) CHRYSTEL CORNELIUS........................................................................
TRUSTEE
 1.00
.......................0.00 		X           0 0 0
(29) GARY CUNNINGHAM........................................................................
TRUSTEE UNTIL 3/23
 1.00
.......................0.00 		X           0 0 0
(30) CALVIN HOLMES........................................................................
TRUSTEE UNTIL 2/23
 1.00
.......................0.00 		X           0 0 0
(31) JEANNINE JACOKES........................................................................
TRUSTEE
 1.00
.......................0.00 		X           0 0 0
(32) WILLIAM KRUGLER........................................................................
TRUSTEE
 1.00
.......................0.00 		X           0 0 0
(33) WILLIE LOGAN........................................................................
TRUSTEE
 1.00
.......................0.00 		X           0 0 0
(34) ANDY POSNER........................................................................
TRUSTEE UNTIL 6/23
 1.00
.......................0.00 		X           0 0 0
(35) LUTHER RAGIN JR........................................................................
TRUSTEE
 1.00
.......................0.00 		X           0 0 0
(36) KATHRYN ROCK........................................................................
TRUSTEE
 1.00
.......................0.00 		X           0 0 0
(37) STEFANIE STEWARD-YOUNG........................................................................
TRUSTEE UNTIL 2/23
 1.00
.......................0.00 		X           0 0 0
(38) JACQUELINE WOODS........................................................................
TRUSTEE
 1.00
.......................0.00 		X           0 0 0
1b Sub-Total................MediumBullet
c Total from continuation sheets to Part VII, Section A....MediumBullet
d Total (add lines 1b and 1c)...........MediumBullet 4,463,100 976,790 639,033
2
Total number of individuals (including but not limited to those listed above) who received more than $100,000 of reportable compensation from the organization MediumBullet52
Yes
No
3
Did the organization list any former officer, director or trustee, key employee, or highest compensated employee on line 1a? If "Yes," complete Schedule J for such individual ..............
3
 
No
4
For any individual listed on line 1a, is the sum of reportable compensation and other compensation from the organization and related organizations greater than $150,000? If "Yes," complete Schedule J for such
individual...........................
4
Yes
 
5
Did any person listed on line 1a receive or accrue compensation from any unrelated organization or individual for services rendered to the organization? If "Yes," complete Schedule J for such person ........
5
 
No
Section B. Independent Contractors
1
Complete this table for your five highest compensated independent contractors that received more than $100,000 of compensation from the organization. Report compensation for the calendar year ending with or within the organization’s tax year.
(A)
Name and business address 		(B)
Description of services 		(C)
Compensation
PERKINS COIE LLP

1201 THIRD AVE 40TH FLOOR
SEATTLE,WA98101 		LEGAL 561,085
ROBERT HALF

PO BOX 743295
LOS ANGELES,CA90074 		CONSULTING 560,397
MARK GAVIN CONSULTING

9006 GOULD ROAD
EDEN PRAIRIE,MN55347 		CONSULTING 273,500
CLIFTONLARSONALLEN LLP

PO BOX 775439
CHICAGO,IL60677 		ACCOUNTING 256,686
LIFELINE GLOBAL CONSULTING

60 E MILWAUKEE ST STE 6825
DETROIT,MI48202 		CONSULTING 215,000
2
Total number of independent contractors (including but not limited to those listed above) who received more than $100,000 of compensation from the organization MediumBullet9
Form 990 (2021)
Form 990 (2021)
Page 9
Part VIII
Statement of Revenue
Check if Schedule O contains a response or note to any line in this Part VIII.............
(A)
Total revenue 		(B)
Related or
exempt
function
revenue 		(C)
Unrelated
business
revenue 		(D)
Revenue
excluded from
tax under sections
512 - 514
Contributions, Gifts, Grants, and OtherAmt Similar Amounts 1a Federated campaigns..1a  
b Membership dues..1b  
c Fundraising events..1c  
d Related organizations1d  
e Government grants (contributions)1e 16,344,219
f All other contributions, gifts, grants, and similar amounts not included above1f 10,139,834
g Noncash contributions included in lines 1a - 1f:$ 1g  
h Total. Add lines 1a-1f.......MediumBullet 26,484,053
Program Service RevenueAmt Business Code
2a LENDING TRANSACTION FEES 525990 12,205,167 12,205,167    
b LENDING INTEREST INCOME 525990 7,384,789 7,384,789    
c OTHER LENDING INCOME 525990 1,045,315 1,045,315    
d
e
f All other program service revenue.        
g Total. Add lines 2a–2f .....MediumBullet 20,635,271
OtherAmtRevenueAmt 3 Investment income (including dividends, interest, and othersimilar amounts) ......MediumBullet        
4 Income from investment of tax-exempt bond proceedsMediumBullet        
5 Royalties...........MediumBullet        
(ii) Personal (i) Real
6a Gross rents   10,800 6a
b Less: rental expenses   13,662 6b
c Rental income or (loss)   -2,862 6c
d Net rental income or (loss).......MediumBullet -2,862   -2,862  
(ii) Other (i) Securities
7a Gross amount from sales of assets other than inventory 8,568,393   7a
b Less: cost or other basis and sales expenses 0   7b
c Gain or (loss) 8,568,393   7c
d Net gain or (loss).........MediumBullet 8,568,393     8,568,393
8a Gross income from fundraising events (not including $   of contributions reported on line 1c). See Part IV, line 18 ....
8a  
b Less: direct expenses ... 8b  
c Net income or (loss) from fundraising events..MediumBullet      
9a Gross income from gaming activities.
See Part IV, line 19 ...
9a  
b Less: direct expenses ... 9b  
c Net income or (loss) from gaming activities..MediumBullet        
10a Gross sales of inventory, less
returns and allowances ..
10a  
b Less: cost of goods sold .. 10b  
c Net income or (loss) from sales of inventory..MediumBullet        
Business Code Miscellaneous Revenue
11a OTHER LOSS 900099 -210,393     -210,393
b            
c            
d All other revenue ....        
e Total. Add lines 11a–11d ...... MediumBullet -210,393
12 Total revenue. See instructions.....MediumBullet 55,474,462 20,635,271 -2,862 8,358,000
Form 990 (2021)
Form 990 (2021)
Page 10
Part IX
Statement of Functional Expenses
Section 501(c)(3) and 501(c)(4) organizations must complete all columns. All other organizations must complete column (A).Check if Schedule O contains a response or note to any line in this Part IX..............
Do not include amounts reported on lines 6b,
7b, 8b, 9b, and 10b of Part VIII. 		(A)
Total expenses 		(B)
Program service expenses 		(C)
Management and general expenses 		(D)
Fundraising
expenses
1 Grants and other assistance to domestic organizations and domestic governments. See Part IV, line 21 .... 691,623 691,623
2 Grants and other assistance to domestic individuals. See Part IV, line 22 ...........    
3 Grants and other assistance to foreign organizations, foreign governments, and foreign individuals. See Part IV, lines 15 and 16. .............    
4 Benefits paid to or for members .......    
5 Compensation of current officers, directors, trustees, and key employees ........... 3,174,545 2,076,328 688,507 409,710
6 Compensation not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B) .........        
7 Other salaries and wages........ 13,853,861 11,714,119 1,900,818 238,924
8 Pension plan accruals and contributions (include section 401(k) and 403(b) employer contributions) ....        
9 Other employee benefits ....... 3,138,594 2,653,835 430,631 54,128
10 Payroll taxes ........... 1,078,317 911,770 147,950 18,597
11 Fees for services (non-employees):        
a Management ...... 2,493,991 2,461,777 32,214  
b Legal ......... 803,105 683,373 119,732  
c Accounting ........... 347,513 83,755 263,758  
d Lobbying ...........        
e Professional fundraising services. See Part IV, line 17    
f Investment management fees ...... 18,000   18,000  
g Other (If line 11g amount exceeds 10% of line 25, column (A) amount, list line 11g expenses on Schedule O) 3,597,240 2,629,876 964,977 2,387
12 Advertising and promotion .... 675,534 674,934 600  
13 Office expenses ....... 35,668 10,985 24,678 5
14 Information technology ...... 966,313 742,193 224,090 30
15 Royalties ..        
16 Occupancy ........... 295,025 199,889 83,668 11,468
17 Travel ............ 573,617 444,116 119,863 9,638
18 Payments of travel or entertainment expenses for any federal, state, or local public officials .        
19 Conferences, conventions, and meetings ....        
20 Interest ........... 2,575,027 2,575,027    
21 Payments to affiliates .......        
22 Depreciation, depletion, and amortization .. 2,167,073 2,085,426 74,225 7,422
23 Insurance ... 440,498 337,867 85,600 17,031
24 Other expenses. Itemize expenses not covered above (List miscellaneous expenses in line 24e. If line 24e amount exceeds 10% of line 25, column (A) amount, list line 24e expenses on Schedule O.)
a PROVISION FOR LOAN LOSS 7,547,796 7,547,796    
b DUES & SUBSCRIPTIONS 187,671 72,132 102,572 12,967
c
d
e All other expenses 851,435 758,958 92,477  
25 Total functional expenses. Add lines 1 through 24e 45,512,446 39,355,779 5,374,360 782,307
26 Joint costs. Complete this line only if the organization reported in column (B) joint costs from a combined educational campaign and fundraising solicitation. Check here MediumBullet if following SOP 98-2 (ASC 958-720).        
Form 990 (2021)
Form 990 (2021)
Page 11
Part X
Balance Sheet
Check if Schedule O contains a response or note to any line in this Part IX..............
(A)
Beginning of year 		(B)
End of year
Assets 1 Cash–non-interest-bearing ........   1  
2 Savings and temporary cash investments ......... 78,350,828 2 67,817,060
3 Pledges and grants receivable, net ...... 69,351 3 1,602,110
4 Accounts receivable, net ............. 3,199,906 4 2,461,789
5 Loans and other receivables from any current or former officer, director, trustee, key employee, creator or founder, substantial contributor, or 35% controlled entity or family member of any of these persons .......
  5  
6 Loans and other receivables from other disqualified persons (as defined under section 4958(f)(1)), and persons described in section 4958(c)(3)(B) ...
  6  
7 Notes and loans receivable, net ........... 77,304,810 7 113,137,332
8 Inventories for sale or use ............   8  
9 Prepaid expenses and deferred charges ......   9  
10a Land, buildings, and equipment: cost or other basis. Complete Part VI of Schedule D 10a 13,524,382
b Less: accumulated depreciation 10b 10,233,181 3,696,336 10c 3,291,201
11 Investments—publicly traded securities .   11  
12 Investments—other securities. See Part IV, line 11 .....   12  
13 Investments—program-related. See Part IV, line 11 ..   13  
14 Intangible assets ............... 1,406,196 14 1,406,196
15 Other assets. See Part IV, line 11 ........... 2,333,213 15 3,360,296
16 Total assets. Add lines 1 through 15 (must equal line 33)... 166,360,640 16 193,075,984
Liabilities 17 Accounts payable and accrued expenses ..... 17,021,889 17 12,928,234
18 Grants payable ...   18  
19 Deferred revenue .........   19  
20 Tax-exempt bond liabilities .........   20  
21 Escrow or custodial account liability. Complete Part IV of Schedule D 7,523,050 21 5,298,786
22 Loans and other payables to any current or former officer, director, trustee, key employee, creator or founder, substantial contributor, or 35% controlled entity or family member of any of these persons .........
  22  
23 Secured mortgages and notes payable to unrelated third parties .. 18,417,270 23 10,596,215
24 Unsecured notes and loans payable to unrelated third parties .. 57,628,137 24 88,941,610
25 Other liabilities (including federal income tax, payables to related third parties, and other liabilities not included on lines 17 - 24). Complete Part X of Schedule D   25  
26 Total liabilities. Add lines 17 through 25.. 100,590,346 26 117,764,845
Net Assets or Fund Balance Organizations that follow FASB ASC 958, check here MediumBullet and complete lines 27, 28, 32, and 33.
27 Net assets without donor restrictions .......... 64,133,525 27 70,726,242
28 Net assets with donor restrictions ........... 1,636,769 28 4,584,897
Organizations that do not follow FASB ASC 958, check here MediumBullet and complete lines 29 through 33.
29 Capital stock or trust principal, or current funds .....   29  
30 Paid-in or capital surplus, or land, building or equipment fund ...   30  
31 Retained earnings, endowment, accumulated income, or other funds   31  
32 Total net assets or fund balances ........... 65,770,294 32 75,311,139
33 Total liabilities and net assets/fund balances ........ 166,360,640 33 193,075,984
Form 990 (2021)
Form 990 (2021)
Page 12
Part XI
Reconcilliation of Net Assets
Check if Schedule O contains a response or note to any line in this Part XI..............
1
Total revenue (must equal Part VIII, column (A), line 12) ............
1
55,474,462
2
Total expenses (must equal Part IX, column (A), line 25) ............
2
45,512,446
3
Revenue less expenses. Subtract line 2 from line 1 ..............
3
9,962,016
4
Net assets or fund balances at beginning of year (must equal Part X, line 32, column (A)) ..
4
65,770,294
5
Net unrealized gains (losses) on investments ...............
5
 
6
Donated services and use of facilities .................
6
 
7
Investment expenses .....................
7
 
8
Prior period adjustments .....................
8
-421,171
9
Other changes in net assets or fund balances (explain in Schedule O) ........
9
0
10
Net assets or fund balances at end of year. Combine lines 3 through 9 (must equal Part X, line 32, column (B))
10
75,311,139
Part XII
Financial Statements and Reporting
Check if Schedule O contains a response or note to any line in this Part XII.............
Yes
No
1
Accounting method used to prepare the Form 990:  
If the organization changed its method of accounting from a prior year or checked "Other," explain on
Schedule O.
2a
Were the organization’s financial statements compiled or reviewed by an independent accountant?
2a
 
No
If ‘Yes,’ check a box below to indicate whether the financial statements for the year were compiled or reviewed on a separate basis, consolidated basis, or both:
b
Were the organization’s financial statements audited by an independent accountant?
2b
Yes
 
If ‘Yes,’ check a box below to indicate whether the financial statements for the year were audited on a separate basis, consolidated basis, or both:
c
If "Yes," to line 2a or 2b, does the organization have a committee that assumes responsibility for oversight of the audit, review, or compilation of its financial statements and selection of an independent accountant?
2c
Yes
 
If the organization changed either its oversight process or selection process during the tax year, explain in Schedule O.
3a
As a result of a federal award, was the organization required to undergo an audit or audits as set forth in the Single Audit Act and OMB Circular A-133?
3a
Yes
 
b
If "Yes," did the organization undergo the required audit or audits? If the organization did not undergo the required audit or audits, explain why in Schedule O and describe any steps taken to undergo such audits.
3b
Yes
 
Form 990 (2021)
Form 990 (2021)
Additional Data


Software ID:  
Software Version:  
Form 990, Special Condition Description:
Special Condition Description
SCHEDULE A
(Form 990)

Department of the Treasury
Internal Revenue Service
Public Charity Status and Public Support
Complete if the organization is a section 501(c)(3) organization or a section 4947(a)(1) nonexempt charitable trust.
right arrow Attach to Form 990 or Form 990-EZ.
right arrow Go to www.irs.gov/Form990 for instructions and the latest information.
OMB No. 1545-0047
2022
Open to Public
Inspection
Name of the organization
COMMUNITY REINVESTMENT FUND INC
 
Employer identification number

41-1616861
Part I
Reason for Public Charity Status (All organizations must complete this part.) See instructions.
The organization is not a private foundation because it is: (For lines 1 through 12, check only one box.)
1
2
3
4
5
6
7
8
9
10
11
12
a
b
c
d
e
f
Enter the number of supported organizations ...............................9
g
Provide the following information about the supported organization(s).
(i) Name of supported organization (ii) EIN (iii) Type of organization (described on lines 1- 10 above (see instructions)) (iv) Is the organization listed in your governing document? (v) Amount of monetary support (see instructions) (vi) Amount of other support (see instructions)
Yes No
(A) OWEESTA CORPORATION
  		541970097 10   No 0 0
(B) INVEST DETROIT FOUNDATION
  		271927369 7   No 0 0
(C) CHICANOS POR LA CAUSA
  		860227210 7   No 0 0
(D) MILWAUKEE COMMUNITY BUSINESS COLLABORATIVE INC
  		463689224 7   No 0 0
(E) OPA-LOCKA COMMUNITY DEVELOPMENT CORPORATION
  		592106635 7   No 0 0
(F) NEIGHBORHOOD LENDING PARTNERS INC
  		010581489 10   No 0 0
(G) TENDERLOIN NEIGHBORHOOD DEVELOPMENT CORPORATION
  		942761808 10   No 0 0
(H) COMMUNITY CAPITAL FUND
  		454561134 7   No 0 0
(I) PARTNERS FOR THE COMMON GOOD
  		364369806 10   No 0 0
Total
9
 0 0
For Paperwork Reduction Act Notice, see the Instructions for
Form 990 or 990-EZ.
Cat. No. 11285F
Schedule A (Form 990) 2022

Schedule A (Form 990) 2022
Page 2
Part II
Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi)
(Complete only if you checked the box on line 5, 7, or 8 of Part I or if the organization failed to qualify under Part III. If the organization failed to qualify under the tests listed below, please complete Part III.)
Section A. Public Support
Calendar year (or fiscal year beginning in) right arrow (a) 2018 (b) 2019 (c) 2020 (d) 2021 (e) 2022 (f) Total
1 Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grant.") ..            
2 Tax revenues levied for the organization's benefit and either paid to or expended on its behalf....            
3 The value of services or facilities furnished by a governmental unit to the organization without charge..            
4 Total. Add lines 1 through 3            
5 The portion of total contributions by each person (other than a governmental unit or publicly supported organization) included on line 1 that exceeds 2% of the amount shown on line 11, column (f) ..  
6 Public support. Subtract line 5 from line 4.  
Section B. Total Support
Calendar year (or fiscal year beginning in) right arrow (a) 2018 (b) 2019 (c) 2020 (d) 2021 (e) 2022 (f) Total
7 Amounts from line 4..            
8 Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources...            
9 Net income from unrelated business activities, whether or not the business is regularly carried on..            
10 Other income. Do not include gain or loss from the sale of capital assets (Explain in Part VI.)..            
11 Total support. Add lines 7 through 10  
12
12
 
13
First 5 years. If the Form 990 is for the organization's first, second, third, fourth, or fifth tax year as a section 501(c)(3) organization, check this box and stop here ........................................right arrow
Section C. Computation of Public Support Percentage
14
14
 
15
15
 
16a
33 1/3% support test—2022. If the organization did not check the box on line 13, and line 14 is 33 1/3% or more, check this box
and stop here. The organization qualifies as a publicly supported organization .......................right arrow
b
33 1/3% support test—2021. If the organization did not check a box on line 13 or 16a, and line 15 is 33 1/3% or more, check this
box and stop here. The organization qualifies as a publicly supported organization ..................... right arrow
17a
10%-facts-and-circumstances test—2022. If the organization did not check a box on line 13, 16a, or 16b, and line 14 is 10% or more, and if the organization meets the "facts-and-circumstances" test, check this box and stop here. Explain in Part VI how the organization meets the "facts-and-circumstances" test. The organization qualifies as a publicly supported organization ............ right arrow
b
10%-facts-and-circumstances test—2021. If the organization did not check a box on line 13, 16a, 16b, or 17a, and line 15 is 10% or more, and if the organization meets the "facts-and-circumstances" test, check this box and stop here. Explain in Part VI how the organization meets the "facts-and-circumstances" test. The organization qualifies as a publicly supported organization ............ right arrow
18
Private foundation. If the organization did not check a box on line 13, 16a, 16b, 17a, or 17b, check this box and see
instructions ..................................................... right arrow
Schedule A (Form 990) 2022

Schedule A (Form 990) 2022
Page 3
Part III
Support Schedule for Organizations Described in Section 509(a)(2)
(Complete only if you checked the box on line 10 of Part I or if the organization failed to qualify under Part II. If the organization fails to qualify under the tests listed below, please complete Part II.)
Section A. Public Support
Calendar year (or fiscal year beginning in) right arrow (a) 2018 (b) 2019 (c) 2020 (d) 2021 (e) 2022 (f) Total
1 Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grants.") .            
2 Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose            
3 Gross receipts from activities that are not an unrelated trade or business under section 513 .....            
4 Tax revenues levied for the organization's benefit and either paid to or expended on its behalf...            
5 The value of services or facilities furnished by a governmental unit to the organization without charge            
6 Total. Add lines 1 through 5            
7a Amounts included on lines 1, 2, and 3 received from disqualified persons            
b Amounts included on lines 2 and 3 received from other than disqualified persons that exceed the greater of $5,000 or 1% of the amount on line 13 for the year.            
c Add lines 7a and 7b..            
8 Public support. (Subtract line 7c from line 6.)  
Section B. Total Support
Calendar year (or fiscal year beginning in) right arrow (a) 2018 (b) 2019 (c) 2020 (d) 2021 (e) 2022 (f) Total
9 Amounts from line 6...            
10a Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources..            
b Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975.            
c Add lines 10a and 10b.            
11 Net income from unrelated business activities not included on line 10b, whether or not the business is regularly carried on.            
12 Other income. Do not include gain or loss from the sale of capital assets (Explain in Part VI.) ..            
13 Total support. (Add lines 9, 10c, 11, and 12.)..            
14
First 5 years. If the Form 990 is for the organization's first, second, third, fourth, or fifth tax year as a section 501(c)(3) organization, check this box and stop here................................................. right arrow
Section C. Computation of Public Support Percentage
15
15
 
16
16
 
Section D. Computation of Investment Income Percentage
17
17
 
18
18
 
19a
33 1/3% support tests-2022. If the organization did not check the box on line 14, and line 15 is more than 33 1/3%, and line 17 is not more than 33 1/3%, check this box and stop here. The organization qualifies as a publicly supported organization ....... right arrow
b
33 1/3% support tests—2021. If the organization did not check a box on line 14 or line 19a, and line 16 is more than 33 1/3% and line 18 is not more than 33 1/3%, check this box and stop here. The organization qualifies as a publicly supported organization ..... right arrow
20
Private foundation. If the organization did not check a box on line 14, 19a, or 19b, check this box and see instructions .... right arrow
Schedule A (Form 990) 2022

Schedule A (Form 990) 2022
Page 4
Part IV
Supporting Organizations
(Complete only if you checked a box on line 12 of Part I. If you checked box 12a, of Part I, complete Sections A and B. If you checked box 12b, of Part I, complete Sections A and C. If you checked box 12c, of Part I, complete Sections A, D, and E. If you checked box12d, of Part I, complete Sections A and D, and complete Part V.)
Section A. All Supporting Organizations
Yes
No
1
Are all of the organization’s supported organizations listed by name in the organization’s governing documents?
If "No," describe in Part VI how the supported organizations are designated. If designated by class or purpose,
describe the designation. If historic and continuing relationship, explain.
1
 
No
2
Did the organization have any supported organization that does not have an IRS determination of status under section 509(a)(1) or (2)? If "Yes," explain in Part VI how the organization determined that the supported organization was described in section 509(a)(1) or (2).
2
 
No
3a
Did the organization have a supported organization described in section 501(c)(4), (5), or (6)? If "Yes," answer lines 3b and 3c below.
3a
 
No
b
Did the organization confirm that each supported organization qualified under section 501(c)(4), (5), or (6) and satisfied the public support tests under section 509(a)(2)? If "Yes," describe in Part VI when and how the organization made the determination.
3b
 
 
c
Did the organization ensure that all support to such organizations was used exclusively for section 170(c)(2)(B) purposes? If "Yes," explain in Part VI what controls the organization put in place to ensure such use.
3c
 
 
4a
Was any supported organization not organized in the United States ("foreign supported organization")? If “Yes” and if you checked box 12a or 12b in Part I, answer lines 4b and 4c below.
4a
 
No
b
Did the organization have ultimate control and discretion in deciding whether to make grants to the foreign supported organization? If “Yes,” describe in Part VI how the organization had such control and discretion despite being controlled or supervised by or in connection with its supported organizations.
4b
 
 
c
Did the organization support any foreign supported organization that does not have an IRS determination under sections 501(c)(3) and 509(a)(1) or (2)? If “Yes,” explain in Part VI what controls the organization used to ensure that all support to the foreign supported organization was used exclusively for section 170(c)(2)(B) purposes.
4c
 
 
5a
Did the organization add, substitute, or remove any supported organizations during the tax year? If “Yes,” answer lines 5b and 5c below (if applicable). Also, provide detail in Part VI, including (i) the names and EIN numbers of the supported organizations added, substituted, or removed; (ii) the reasons for each such action; (iii) the authority under the organization's organizing document authorizing such action; and (iv) how the action was accomplished (such as by amendment to the organizing document).
5a
Yes
 
b
Type I or Type II only. Was any added or substituted supported organization part of a class already designated in the organization's organizing document?
5b
 
No
c
Substitutions only. Was the substitution the result of an event beyond the organization's control?
5c
 
 
6
Did the organization provide support (whether in the form of grants or the provision of services or facilities) to anyone other than (i) its supported organizations, (ii) individuals that are part of the charitable class benefited by one or more of its supported organizations, or (iii) other supporting organizations that also support or benefit one or more of the filing organization’s supported organizations? If “Yes,” provide detail in Part VI.
6
 
No
7
Did the organization provide a grant, loan, compensation, or other similar payment to a substantial contributor (defined in section 4958(c)(3)(C)), a family member of a substantial contributor, or a 35% controlled entity with regard to a substantial contributor? If “Yes,” complete Part I of Schedule L (Form 990) .
7
 
No
8
Did the organization make a loan to a disqualified person (as defined in section 4958) not described on line 7? If “Yes,” complete Part I of Schedule L (Form 990).
8
 
No
9a
Was the organization controlled directly or indirectly at any time during the tax year by one or more disqualified persons, as defined in section 4946 (other than foundation managers and organizations described in section 509(a)(1) or (2))? If “Yes,” provide detail in Part VI.
9a
 
No
b
Did one or more disqualified persons (as defined on line 9a) hold a controlling interest in any entity in which the supporting organization had an interest? If “Yes,” provide detail in Part VI.
9b
 
No
c
Did a disqualified person (as defined on line 9a) have an ownership interest in, or derive any personal benefit from, assets in which the supporting organization also had an interest? If “Yes,” provide detail in Part VI.
9c
 
No
10a
Was the organization subject to the excess business holdings rules of section 4943 because of section 4943(f) (regarding certain Type II supporting organizations, and all Type III non-functionally integrated supporting organizations)? If “Yes,” answer line 10b below.
10a
 
No
b
Did the organization have any excess business holdings in the tax year? (Use Schedule C, Form 4720, to determine whether the organization had excess business holdings).
10b
 
 
Schedule A (Form 990) 2022

Schedule A (Form 990) 2022
Page 5
Part IV
Supporting Organizations (continued)
Yes
No
11
Has the organization accepted a gift or contribution from any of the following persons?
a
A person who directly or indirectly controls, either alone or together with persons described on lines 11b and 11c below, the governing body of a supported organization?
11a
 
No
b
A family member of a person described on 11a above?
11b
 
No
c
A 35% controlled entity of a person described on line 11a or 11b above? If “Yes” to 11a, 11b, or 11c, provide detail in Part VI.
11c
 
No
Section B. Type I Supporting Organizations
Yes
No
1
Did the officers, directors, trustees, or membership of one or more supported organizations have the power to regularly appoint or elect at least a majority of the organization’s directors or trustees at all times during the tax year? If “No,” describe in Part VI how the supported organization(s) effectively operated, supervised, or controlled the organization’s activities. If the organization had more than one supported organization, describe how the powers to appoint and/or remove directors or trustees were allocated among the supported organizations and what conditions or restrictions, if any, applied to such powers during the tax year.
1
 
 
2
Did the organization operate for the benefit of any supported organization other than the supported organization(s) that operated, supervised, or controlled the supporting organization? If “Yes,” explain in Part VI how providing such benefit carried out the purposes of the supported organization(s) that operated, supervised or controlled the supporting organization.
2
 
 
Section C. Type II Supporting Organizations
Yes
No
1
Were a majority of the organization’s directors or trustees during the tax year also a majority of the directors or trustees of each of the organization’s supported organization(s)? If “No,” describe in Part VI how control or management of the supporting organization was vested in the same persons that controlled or managed the supported organization(s).
1
 
No
Section D. All Type III Supporting Organizations
Yes
No
1
Did the organization provide to each of its supported organizations, by the last day of the fifth month of the organization’s tax year, (i) a written notice describing the type and amount of support provided during the prior tax year, (ii) a copy of the Form 990 that was most recently filed as of the date of notification, and (iii) copies of the organization’s governing documents in effect on the date of notification, to the extent not previously provided?
1
 
 
2
Were any of the organization’s officers, directors, or trustees either (i) appointed or elected by the supported organization(s) or (ii) serving on the governing body of a supported organization? If "No," explain in Part VI how the organization maintained a close and continuous working relationship with the supported organization(s).
2
 
 
3
By reason of the relationship described in line 2 above, did the organization’s supported organizations have a significant voice in the organization’s investment policies and in directing the use of the organization’s income or assets at all times during the tax year? If "Yes," describe in Part VI the role the organization’s supported organizations played in this regard.
3
 
 
Section E. Type III Functionally-Integrated Supporting Organizations
1
Check the box next to the method that the organization used to satisfy the Integral Part Test during the year (see instructions):
a
b
c
2
Activities Test. Answer lines 2a and 2b below.
Yes
No
a
Did substantially all of the organization’s activities during the tax year directly further the exempt purposes of the supported organization(s) to which the organization was responsive? If "Yes," then in Part VI identify those supported organizations and explain how these activities directly furthered their exempt purposes, how the organization was responsive to those supported organizations, and how the organization determined that these activities constituted substantially all of its activities.
2a
 
 
b
Did the activities described on line 2a, above constitute activities that, but for the organization’s involvement, one or more of the organization’s supported organization(s) would have been engaged in? If "Yes," explain in Part VI the reasons for the organization’s position that its supported organization(s) would have engaged in these activities but for the organization’s involvement.
2b
 
 
3
Parent of Supported Organizations. Answer lines 3a and 3b below.
a
Did the organization have the power to regularly appoint or elect a majority of the officers, directors, or trustees of each of the supported organizations?If "Yes" or "No", provide details in Part VI.
3a
 
 
b
Did the organization exercise a substantial degree of direction over the policies, programs and activities of each of its supported organizations? If "Yes," describe in Part VI. the role played by the organization in this regard.
3b
 
 
Schedule A (Form 990) 2022

Schedule A (Form 990) 2022
Page 6
Part V
Type III Non-Functionally Integrated 509(a)(3) Supporting Organizations
1
Section A - Adjusted Net Income (A) Prior Year (B) Current Year
(optional)
1 Net short-term capital gain 1    
2 Recoveries of prior-year distributions 2    
3 Other gross income (see instructions) 3    
4 Add lines 1 through 3 4    
5 Depreciation and depletion 5    
6 Portion of operating expenses paid or incurred for production or collection of gross income or for management, conservation, or maintenance of property held for production of income (see instructions) 6    
7 Other expenses (see instructions) 7    
8 Adjusted Net Income (subtract lines 5, 6 and 7 from line 4) 8    
Section B - Minimum Asset Amount (A) Prior Year (B) Current Year
(optional)
1 Aggregate fair market value of all non-exempt-use assets (see instructions for short tax year or assets held for part of year): 1
a Average monthly value of securities 1a    
b Average monthly cash balances 1b    
c Fair market value of other non-exempt-use assets 1c    
d Total (add lines 1a, 1b, and 1c) 1d    
e Discount claimed for blockage or other factors
(explain in detail in Part VI):  
2 Acquisition indebtedness applicable to non-exempt use assets 2    
3 Subtract line 2 from line 1d 3    
4 Cash deemed held for exempt use. Enter 0.015 of line 3 (for greater amount, see instructions). 4    
5 Net value of non-exempt-use assets (subtract line 4 from line 3) 5    
6 Multiply line 5 by 0.035 6    
7 Recoveries of prior-year distributions 7    
8 Minimum Asset Amount (add line 7 to line 6) 8    
Section C - Distributable Amount Current Year
1 Adjusted net income for prior year (from Section A, line 8, Column A) 1  
2 Enter 85% of line 1 2  
3 Minimum asset amount for prior year (from Section B, line 8, Column A) 3  
4 Enter greater of line 2 or line 3 4  
5 Income tax imposed in prior year 5  
6 Distributable Amount. Subtract line 5 from line 4, unless subject to emergency temporary reduction (see instructions) 6  
7
Schedule A (Form 990) 2022

Schedule A (Form 990) 2022
Page 7
Part V
Type III Non-Functionally Integrated 509(a)(3) Supporting Organizations(continued)
Section D - Distributions Current Year
1 Amounts paid to supported organizations to accomplish exempt purposes 1  
2 Amounts paid to perform activity that directly furthers exempt purposes of supported organizations, in
excess of income from activity 		2  
3 Administrative expenses paid to accomplish exempt purposes of supported organizations 3  
4 Amounts paid to acquire exempt-use assets 4  
5 Qualified set-aside amounts (prior IRS approval required - provide details in Part VI) 5  
6 Other distributions (describe in Part VI). See instructions 6  
7Total annual distributions. Add lines 1 through 6. 7  
8 Distributions to attentive supported organizations to which the organization is responsive (provide
details in Part VI). See instructions 		8  
9 Distributable amount for 2022 from Section C, line 6 9  
10 Line 8 amount divided by Line 9 amount 10  
Section E - Distribution Allocations (see instructions) (i)
Excess Distributions 		(ii)
Underdistributions
Pre-2022 		(iii)
Distributable
Amount for 2022
1 Distributable amount for 2022 from Section C, line 6  
2 Underdistributions, if any, for years prior to 2022 (reasonable cause required-- explain in Part VI).
See instructions.		  
3 Excess distributions carryover, if any, to 2022:
a From 2017.......  
b From 2018.......  
c From 2019.......  
d From 2020.......  
e From 2021.......  
fTotal of lines 3a through e  
g Applied to underdistributions of prior years  
h Applied to 2022 distributable amount  
i Carryover from 2017 not applied (see
instructions) 		 
j Remainder. Subtract lines 3g, 3h, and 3i from line 3f.  
4Distributions for 2022 from Section D, line 7:
$  
a Applied to underdistributions of prior years  
b Applied to 2022 distributable amount  
c Remainder. Subtract lines 4a and 4b from line 4.  
5 Remaining underdistributions for years prior to
2022, if any. Subtract lines 3g and 4a from line 2.
If the amount is greater than zero, explain in Part VI.
See instructions. 		 
6 Remaining underdistributions for 2022. Subtract
lines 3h and 4b from line 1. If the amount is greater
than zero, explain in Part VI. See instructions. 		 
7 Excess distributions carryover to 2023. Add lines
3j and 4c. 		 
8 Breakdown of line 7:
a Excess from 2018.....  
b Excess from 2019.....  
c Excess from 2020.....  
d Excess from 2021.....  
e Excess from 2022.....  
Schedule A (Form 990) (2022)

Schedule A (Form 990) 2022
Page 8
Part VI
Supplemental Information. Provide the explanations required by Part II, line 10; Part II, line 17a or 17b; Part III, line 12; Part IV, Section A, lines 1, 2, 3b, 3c, 4b, 4c, 5a, 6, 9a, 9b, 9c, 11a, 11b, and 11c; Part IV, Section B, lines 1 and 2; Part IV, Section C, line 1; Part IV, Section D, lines 2 and 3; Part IV, Section E, lines 1c, 2a, 2b, 3a and 3b; Part V, line 1; Part V, Section B, line 1e; Part V Section D, lines 5, 6, and 8; and Part V, Section E, lines 2, 5, and 6. Also complete this part for any additional information. (See instructions).
Facts And Circumstances Test
 
Return Reference Explanation
PART IV, SECTION A, LINE 1 ORGANIZATIONS LISTED IN GOVERNING DOCUMENTS: CRF IS A NOT-FOR-PROFIT FINANCIAL SERVICES CORPORATION THAT PROVIDES SERVICES AND NEW LOAN CAPITAL FOR COMMUNITY BASED DEVELOPMENT ORGANIZATIONS, INCLUDING 501(C)3 ENTITIES AND GOVERNMENTAL ENTITIES. CRF SUPPORTS A CLASS OF BENEFICIARY ORGANIZATIONS THAT INCLUDE SECTION 501(C)(3) LOCAL ECONOMIC DEVELOPMENT ORGANIZATIONS AND UNITS OF FEDERAL, STATE, COUNTY OR MUNICIPAL GOVERNMENT, OR DULY CONSTITUTED AGENCIES THEREOF THAT FOCUS THEIR LENDING ACTIVITIES AT ECONOMICALLY DISTRESSED OR DECLINING AREAS, DISADVANTAGED PERSONS, NEIGHBORHOOD OR COMMUNITY REVITALIZATION, OR OTHER SECTION 501(C)(3) CHARITABLE PURPOSES AND THAT ARE CLASSIFIED AS SECTION 509(A)(1) OR (2) ORGANIZATIONS UNDER THE INTERNAL REVENUE CODE. THE GOVERNING INSTRUMENTS OF THE ORGANIZATION PROVIDE THAT ITS SUPPORTED ORGANIZATIONS INCLUDE LOCAL ECONOMIC DEVELOPMENT ORGANIZATIONS THAT ARE CLASSIFIED AS PUBLIC CHARITIES AND GOVERNMENTAL UNITS.
PART IV, SECTION A, LINE 5A SUPPORTED ORGANIZATIONS LISTING: THE FOLLOWING ORGANIZATIONS WERE ADDED FROM THE REPORTABLE LIST OF SUPPORTED ORGANIZATIONS FOR PURPOSES OF SCHEDULE A: COMMUNITY CAPITAL FUND: 45-4561134, A REPRESENTATIVE OF THE SUPPORTED ORGANIZATION IS ON THE BOARD OF TRUSTEES OF COMMUNITY REINVESTMENT FUND. PARTNERS FOR THE COMMON GOOD: 36-4369806, A REPRESENTATIVE OF THE SUPPORTED ORGANIZATION IS ON THE BOARD OF TRUSTEES OF COMMUNITY REINVESTMENT FUND. THE FOLLOWING ORGANIZATIONS WERE REMOVED FROM THE REPORTABLE LIST OF SUPPORTED ORGANIZATIONS FOR PURPOSES OF SCHEDULE A: PROSPERITY NOW: 52-1141804, BOARD MEMBER LEFT THAT WAS AFFILIATED WITH THIS SUPPORTED ORGANIZATION. CHICAGO COMMUNITY LOAN FUND: 36-3762123, BOARD MEMBER LEFT THAT WAS AFFILIATED WITH THIS SUPPORTED ORGANIZATION. CAPITAL GOOD FUND: 80-0348382, BOARD MEMBER LEFT THAT WAS AFFILIATED WITH THIS SUPPORTED ORGANIZATION.
PART IV, SECTION C, LINE 1 ORGANIZATIONS LISTED IN GOVERNING DOCUMENTS: THE GOVERNING INSTRUMENTS OF THE ORGANIZATION REQUIRE THAT A MAJORITY OF ITS TRUSTEES SHALL BE REPRESENTATIVES OF SUPPORTED ORGANIZATIONS. THE ORGANIZATION SERVES A CLASS OF SUPPORTED ORGANIZATIONS AS DESCRIBED ABOVE. THE ORGANIZATION IS CONTROLLED BY THE ORGANIZATIONS IT SUPPORTS SINCE THE MAJORITY OF THE ORGANIZATION'S TRUSTEES ARE REPRESENTATIVES OF ITS SUPPORTED ORGANIZATIONS.
Schedule A (Form 990) 2022


Additional Data


Software ID:  
Software Version:  
Schedule B
(Form 990)
Department of the Treasury
Internal Revenue Service
Schedule of Contributors

Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
Arrow Bullet Go to www.irs.gov/Form990 for the latest information.
OMB No. 1545-0047
2022
Name of the organization
COMMUNITY REINVESTMENT FUND INC
 
Employer identification number

41-1616861
Organization type (check one):
Filers of:
Section:
Form 990 or 990-EZ






Form 990-PF




Check if your organization is covered by the General Rule or a Special Rule.  
Note: Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
General Rule
Special Rules
......... Arrow Bullet $  
Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
990-EZ, or 990-PF).
For Paperwork Reduction Act Notice, see the Instructions
for Form 990, 990-EZ, or 990-PF.
Cat. No. 30613XSchedule B (Form 990) (2022)
Schedule B (Form 990) (2022) Page 2
Name of organization
COMMUNITY REINVESTMENT FUND INC
  		Employer identification number
41-1616861
Part I
Contributors
Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
RESTRICTED
 
 
 
 
  ,    

$ RESTRICTED


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
Schedule B (Form 990) (2022)
Schedule B (Form 990) (2022)
Page 3
Name of organization
COMMUNITY REINVESTMENT FUND INC
  		Employer identification number

41-1616861
Part II
Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
Schedule B (Form 990) (2022)
Schedule B (Form 990) (2022)
Page 4
Name of organization
COMMUNITY REINVESTMENT FUND INC
  		Employer identification number

41-1616861
Part III
Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
Use duplicate copies of Part III if additional space is needed.
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
Schedule B (Form 990) (2022)
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SCHEDULE C
(Form 990)

Department of the Treasury
Internal Revenue Service
Political Campaign and Lobbying Activities

For Organizations Exempt From Income Tax Under section 501(c) and section 527

SchCMd Bullet Complete if the organization is described below. SchCMd Bullet Attach to Form 990 or Form 990-EZ.
SchCMd BulletGo to www.irs.gov/Form990 for instructions and the latest information.
OMB No. 1545-0047
2021
Open to Public
Inspection
If the organization answered "Yes" on Form 990, Part IV, Line 3, or Form 990-EZ, Part V, line 46 (Political Campaign Activities), then
Round Bullet Section 501(c)(3) organizations: Complete Parts I-A and B. Do not complete Part I-C.
Round Bullet Section 501(c) (other than section 501(c)(3)) organizations: Complete Parts I-A and C below. Do not complete Part I-B.
Round Bullet Section 527 organizations: Complete Part I-A only.
If the organization answered "Yes" on Form 990, Part IV, Line 4, or Form 990-EZ, Part VI, line 47 (Lobbying Activities), then
Round Bullet Section 501(c)(3) organizations that have filed Form 5768 (election under section 501(h)): Complete Part II-A. Do not complete Part II-B.
Round Bullet Section 501(c)(3) organizations that have NOT filed Form 5768 (election under section 501(h)): Complete Part II-B. Do not complete Part II-A.
If the organization answered "Yes" on Form 990, Part IV, Line 5 (Proxy Tax) (see separate instructions) or Form 990-EZ, Part V, line 35c (Proxy Tax) (see separate instructions), then
Round Bullet Section 501(c)(4), (5), or (6) organizations: Complete Part III.
Name of the organization
COMMUNITY REINVESTMENT FUND INC
 
Employer identification number

41-1616861
Part I-A
Complete if the organization is exempt under section 501(c) or is a section 527 organization.

1
Provide a description of the organization’s direct and indirect political campaign activities in Part IV. See instructions for definition of “political campaign activities."

2
Political campaign activity expenditures. See instructions ....................................................................SchCMd Bullet
$  
3
Volunteer hours for political campaign activities. See instructions ..................................................................
 

Part I-B
Complete if the organization is exempt under section 501(c)(3).
1
Enter the amount of any excise tax incurred by the organization under section 4955 ................................SchCMd Bullet
$  
2
Enter the amount of any excise tax incurred by organization managers under section 4955 .......................SchCMd Bullet
$  
3
If the organization incurred a section 4955 tax, did it file Form 4720 for this year? .........................................
4a
Was a correction made? ......................................................................................................................
b
If "Yes," describe in Part IV.
Part I-C
Complete if the organization is exempt under section 501(c), except section 501(c)(3).
1
Enter the amount directly expended by the filing organization for section 527 exempt function activities ..... SchCMd Bullet
$  
2
Enter the amount of the filing organization's funds contributed to other organizations for section 527 exempt function activities ............................................................................................................................SchCMd Bullet

$  
3
Total exempt function expenditures. Add lines 1 and 2. Enter here and on Form 1120-POL, line 17b...........SchCMd Bullet

$  
4
Did the filing organization file Form 1120-POL for this year? ...................................................................
5
Enter the names, addresses and employer identification number (EIN) of all section 527 political organizations to which the filing
organization made payments. For each organization listed, enter the amount paid from the filing organization’s funds. Also enter the amount of political contributions received that were promptly and directly delivered to a separate political organization, such as a separate segregated fund or a political action committee (PAC). If additional space is needed, provide information in Part IV.
(a) Name (b) Address (c) EIN (d) Amount paid from filing organization's funds. If none, enter -0-. (e) Amount of political contributions received and promptly and directly delivered to a separate political organization. If none, enter -0-.
1
2
3
4
5
6
For Paperwork Reduction Act Notice, see the instructions for Form 990.
Cat. No. 50084S
Schedule C (Form 990) 2021

Schedule C (Form 990) 2021
Page 2
Part II-A
Complete if the organization is exempt under section 501(c)(3) and filed Form 5768 (election under section 501(h)).
A Check SchCMd Bulletexpenses, and share of excess lobbying expenditures).
B Check SchCMd Bullet
Limits on Lobbying Expenditures
(The term "expenditures" means amounts paid or incurred.) 		(a) Filing
organization's
totals 		(b) Affiliated group totals
1a Total lobbying expenditures to influence public opinion (grass roots lobbying) ......................    
b Total lobbying expenditures to influence a legislative body (direct lobbying) ........................    
c Total lobbying expenditures (add lines 1a and 1b) ............................................................    
d Other exempt purpose expenditures ...............................................................................    
e Total exempt purpose expenditures (add lines 1c and 1d) ..................................................    
f Lobbying nontaxable amount. Enter the amount from the following table in both
columns.		    
If the amount on line 1e, column (a) or (b) is:The lobbying nontaxable amount is:
Not over $500,00020% of the amount on line 1e.
Over $500,000 but not over $1,000,000$100,000 plus 15% of the excess over $500,000.
Over $1,000,000 but not over $1,500,000$175,000 plus 10% of the excess over $1,000,000.
Over $1,500,000 but not over $17,000,000$225,000 plus 5% of the excess over $1,500,000.
Over $17,000,000$1,000,000.
g Grassroots nontaxable amount (enter 25% of line 1f) .................................................    
h Subtract line 1g from line 1a. If zero or less, enter -0-. ................................................    
i Subtract line 1f from line 1c. If zero or less, enter -0-. ................................................    
j If there is an amount other than zero on either line 1h or line 1i, did the organization file Form 4720 reporting
section 4911 tax for this year? ...................................................................................................................

4-Year Averaging Period Under Section 501(h)
(Some organizations that made a section 501(h) election do not have to complete all of the five
columns below. See the separate instructions for lines 2a through 2f.)
Lobbying Expenditures During 4-Year Averaging Period
Calendar year (or fiscal year
beginning in) 		(a) 2018 (b) 2019 (c) 2020 (d) 2021 (e) Total
2a Lobbying nontaxable amount          
b Lobbying ceiling amount
(150% of line 2a, column(e)) 		 
c Total lobbying expenditures          
d Grassroots nontaxable amount          
e Grassroots ceiling amount
(150% of line 2d, column (e))		  
f Grassroots lobbying expenditures          
Schedule C (Form 990) 2021


Schedule C (Form 990) 2021
Page 3
Part II-B
Complete if the organization is exempt under section 501(c)(3) and has NOT filed Form 5768 (election under section 501(h)).
For each "Yes" response on lines 1a through 1i below, provide in Part IV a detailed description of the lobbying activity.
(a)
Yes|No
(b)
Amount
1
During the year, did the filing organization attempt to influence foreign, national, state or local legislation, including any attempt to influence public opinion on a legislative matter or referendum, through the use of:
a
Volunteers? ...........................................................................................................
 
No
b
Paid staff or management (include compensation in expenses reported on lines 1c through 1i)? ........
 
No
c
Media advertisements? ...................................................................................................
 
No
 
d
Mailings to members, legislators, or the public? .............................................................................
 
No
 
e
Publications, or published or broadcast statements? ...........................................................
 
No
 
f
Grants to other organizations for lobbying purposes? ..........................................................
 
No
 
g
Direct contact with legislators, their staffs, government officials, or a legislative body? .......................
 
No
 
h
Rallies, demonstrations, seminars, conventions, speeches, lectures, or any similar means? ..................
 
No
 
i
Other activities? ...................................................................................................................
Yes
 
100,000
j
Total. Add lines 1c through 1i ....................................................................................................
100,000
2a
Did the activities in line 1 cause the organization to be not described in section 501(c)(3)? .....
 
No
b
If "Yes," enter the amount of any tax incurred under section 4912 ...........................................
 
c
If "Yes," enter the amount of any tax incurred by organization managers under section 4912 ...................
 
d
If the filing organization incurred a section 4912 tax, did it file Form 4720 for this year? ........................
 
 
Part III-A
Complete if the organization is exempt under section 501(c)(4), section 501(c)(5), or section 501(c)(6).
Yes
No
1
Were substantially all (90% or more) dues received nondeductible by members? ...............................................
1
 
 
2
Did the organization make only in-house lobbying expenditures of $2,000 or less? ............................................
2
 
 
3
Did the organization agree to carry over lobbying and political expenditures from the prior year? .................................
3
 
 
Part III-B
Complete if the organization is exempt under section 501(c)(4), section 501(c)(5), or section 501(c)(6) and if either (a) BOTH Part III-A, lines 1 and 2, are answered "No" OR (b) Part III-A, line 3, is answered “Yes."
1
Dues, assessments and similar amounts from members ......................................................................
1
 
2
Section 162(e) nondeductible lobbying and political expenditures (do not include amounts of political expenses for which the section 527(f) tax was paid).
a
Current year .............................................................................................................................
2a
 
b
Carryover from last year ............................................................................................................
2b
 
c
Total ...........................................................................................................................................
2c
 
3
Aggregate amount reported in section 6033(e)(1)(A) notices of nondeductible section 162(e) dues .
3
 
4
If notices were sent and the amount on line 2c exceeds the amount on line 3, what portion of the excess does the organization agree to carryover to the reasonable estimate of nondeductible lobbying and political expenditure next year? ......................................................................................................................
4
 
5
Taxable amount of lobbying and political expenditures. See Instructions .........................................
5
 
Part IV
Supplemental Information
Provide the descriptions required for Part l-A, line 1; Part l-B, line 4; Part l-C, line 5; Part II-A (affiliated group list); Part II-A, lines 1 and 2 (see instructions), and Part ll-B, line 1. Also, complete this part for any additional information.
Return Reference Explanation
PART II-B, LINE 1: DESCRIPTION OF LOBBYING ACTIVITIES: CRF HAS PAID A CONSULTING FIRM TO ASSIST WITH WORK IN CONGRESS FOR THE CONTINUED ADVOCACY FOR THE NEW MARKETS TAX CREDIT PROGRAM, BOND GUARANTEE PROGRAM, AND OTHER PROGRAMS THAT BENEFIT THE CDFI INDUSTRY.
Schedule C (Form 990) 2021


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SCHEDULE D
(Form 990)
Department of the Treasury
Internal Revenue Service
Supplemental Financial Statements
SchDMd Bullet Complete if the organization answered "Yes," on Form 990,
Part IV, line 6, 7, 8, 9, 10, 11a, 11b, 11c, 11d, 11e, 11f, 12a, or 12b.
SchDMd Bullet Attach to Form 990.
SchDMd Bullet Go to www.irs.gov/Form990 for instructions and the latest information.
OMB No. 1545-0047
2021
Open to Public Inspection
Name of the organization
COMMUNITY REINVESTMENT FUND INC
 
Employer identification number

41-1616861
Part I
Organizations Maintaining Donor Advised Funds or Other Similar Funds or Accounts. Complete if the organization answered "Yes" on Form 990, Part IV, line 6.
(a) Donor advised funds (b) Funds and other accounts
1 Total number at end of year .........    
2 Aggregate value of contributions to (during year)    
3 Aggregate value of grants from (during year)    
4 Aggregate value at end of year ........    
5
Did the organization inform all donors and donor advisors in writing that the assets held in donor advised funds are the organization’s property, subject to the organization’s exclusive legal control? ............
6
Did the organization inform all grantees, donors, and donor advisors in writing that grant funds can be used only for charitable purposes and not for the benefit of the donor or donor advisor, or for any other purpose conferring impermissible private benefit? ...................................
Part II
Conservation Easements.
Complete if the organization answered "Yes" on Form 990, Part IV, line 7.
1
Purpose(s) of conservation easements held by the organization (check all that apply).
2
Complete lines 2a through 2d if the organization held a qualified conservation contribution in the form of a conservation easement on the last day of the tax year.
Held at the End of the Year
a Total number of conservation easements ...................... 2a  
b Total acreage restricted by conservation easements .................... 2b  
c Number of conservation easements on a certified historic structure included in (a) ..... 2c  
d Number of conservation easements included in (c) acquired after 7/25/06, and not on a historic structure listed in the National Register ... 2d  
3
Number of conservation easements modified, transferred, released, extinguished, or terminated by the organization during the
tax year SchDMd Bullet  
4
Number of states where property subject to conservation easement is located SchDMd Bullet  
5
Does the organization have a written policy regarding the periodic monitoring, inspection, handling of violations, and enforcement of the conservation easements it holds? ............
6
Staff and volunteer hours devoted to monitoring, inspecting, handling of violations, and enforcing conservation easements during the year
SchDMd Bullet  
7
Amount of expenses incurred in monitoring, inspecting, handling of violations, and enforcing conservation easements during the year
SchDMd Bullet $  
8
Does each conservation easement reported on line 2(d) above satisfy the requirements of section 170(h)(4)(B)(i) and section 170(h)(4)(B)(ii)? .............................
9
In Part XIII, describe how the organization reports conservation easements in its revenue and expense statement, and
balance sheet, and include, if applicable, the text of the footnote to the organization’s financial statements that describes
the organization’s accounting for conservation easements.
Part III
Organizations Maintaining Collections of Art, Historical Treasures, or Other Similar Assets.
Complete if the organization answered "Yes" on Form 990, Part IV, line 8.
1a
If the organization elected, as permitted under FASB ASC 958, not to report in its revenue statement and balance sheet works of art, historical treasures, or other similar assets held for public exhibition, education, or research in furtherance of public service, provide, in Part XIII, the text of the footnote to its financial statements that describes these items.
b
If the organization elected, as permitted under FASB ASC 958, to report in its revenue statement and balance sheet works of art, historical treasures, or other similar assets held for public exhibition, education, or research in furtherance of public service, provide the following amounts relating to these items:
(i)
Revenue included on Form 990, Part VIII, line 1 .........................SchDMd Bullet $  
(ii)
Assets included in Form 990, Part X ...............................SchDMd Bullet $  
2
If the organization received or held works of art, historical treasures, or other similar assets for financial gain, provide the
following amounts required to be reported under FASB ASC 958 relating to these items:
a
Revenue included on Form 990, Part VIII, line 1 ..........................SchDMd Bullet $  
b
Assets included in Form 990, Part X ...............................SchDMd Bullet $  
For Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 52283D
Schedule D (Form 990) 2021

Schedule D (Form 990) 2021
Page 2
Part III
Organizations Maintaining Collections of Art, Historical Treasures, or Other Similar Assets (continued)
3
Using the organization’s acquisition, accession, and other records, check any of the following that are a significant use of its collection items (check all that apply):
a
d
b
e
 
c
4
Provide a description of the organization’s collections and explain how they further the organization’s exempt purpose in
Part XIII.
5
During the year, did the organization solicit or receive donations of art, historical treasures or other similar
assets to be sold to raise funds rather than to be maintained as part of the organization’s collection?...
Part IV
Escrow and Custodial Arrangements. Complete if the organization answered "Yes" on Form 990, Part IV, line 9, or reported an amount on Form 990, Part X, line 21.
1a
Is the organization an agent, trustee, custodian or other intermediary for contributions or other assets not
included on Form 990, Part X? ....................................
b If "Yes," explain the arrangement in Part XIII and complete the following table: Amount
c Beginning balance ............................. 1c  
d Additions during the year ............................ 1d  
e Distributions during the year .......................... 1e  
f Ending balance ................................ 1f  
2a
Did the organization include an amount on Form 990, Part X, line 21, for escrow or custodial account liability? ...
b
If "Yes," explain the arrangement in Part XIII. Check here if the explanation has been provided in Part XIII ....
Part V
Endowment Funds.
Complete if the organization answered "Yes" on Form 990, Part IV, line 10.
(a) Current year (b) Prior year (c) Two years back (d) Three years back (e) Four years back
1a Beginning of year balance ....          
b Contributions ...          
c Net investment earnings, gains, and losses          
d Grants or scholarships ...          
e Other expenditures for facilities
and programs ... 		         
f Administrative expenses ....          
g End of year balance ......          
2
Provide the estimated percentage of the current year end balance (line 1g, column (a)) held as:
a
Board designated or quasi-endowment SchDMd Bullet  
b
Permanent endowment SchDMd Bullet  
c
Term endowment SchDMd Bullet  
The percentages on lines 2a, 2b, and 2c should equal 100%.
3a
Are there endowment funds not in the possession of the organization that are held and administered for the
organization by:

Yes
No
(i) Unrelated organizations .................
3a(i)
 
 
(ii) Related organizations .................
3a(ii)
 
 
b
If "Yes" on 3a(ii), are the related organizations listed as required on Schedule R? .........
3b
 
 
4
Describe in Part XIII the intended uses of the organization's endowment funds.
Part VI
Land, Buildings, and Equipment.
Complete if the organization answered "Yes" on Form 990, Part IV, line 11a. See Form 990, Part X, line 10.
Description of property (a) Cost or other basis
(investment) 		(b) Cost or other basis (other) (c) Accumulated depreciation (d) Book value
1a Land .....      
b Buildings ....        
c Leasehold improvements   625,452 591,007 34,445
d Equipment ....   2,040,731 2,040,731 0
e Other .....   10,858,199 7,601,443 3,256,756
Total. Add lines 1a through 1e. (Column (d) must equal Form 990, Part X, column (B), line 10(c).)..SchDMdBullet 3,291,201
Schedule D (Form 990) 2021

Schedule D (Form 990) 2021
Page 3
Part VII
Investments - Other Securities.
Complete if the organization answered "Yes" on Form 990, Part IV, line 11b. See Form 990, Part X, line 12.
(a) Description of security or category
(including name of security)		 (b) Book value (c) Method of valuation:
Cost or end-of-year market value
(1) Financial derivatives.........    
(2) Closely-held equity interests........    
(3)Other
(A)
(B)
(C)
(D)
(E)
(F)
(G)
(H)
Total. (Column (b) must equal Form 990, Part X, col. (B) line 12.)Small Bullet  
Part VIII
Investments - Program Related. Complete if the organization answered 'Yes' on Form 990, Part IV, line 11c. See Form 990, Part X, line 13.
(a) Description of investment (b) Book value (c) Method of valuation:
Cost or end-of-year market value
(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
Total. (Column (b) must equal Form 990, Part X, col.(B) line 13.)Small Bullet  
Part IX
Other Assets.
Complete if the organization answered 'Yes' on Form 990, Part IV, line 11d. See Form 990, Part X, line 15.
(a) Description (b) Book value
(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
Total. (Column (b) must equal Form 990, Part X, col.(B) line 15.)...........Small Bullet  
Part X
Other Liabilities.
Complete if the organization answered 'Yes' on Form 990, Part IV, line 11e or 11f. See Form 990, Part X, line 25.
1.(a) Description of liability (b) Book value
(1) Federal income taxes  
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
Total. (Column (b) must equal Form 990, Part X, col.(B) line 25.)Small Bullet  
2. Liability for uncertain tax positions. In Part XIII, provide the text of the footnote to the organization's financial statements that reports the organization's liability for uncertain tax positions under FIN 48 (ASC 740). Check here if the text of the footnote has been provided in Part XIII
Schedule D (Form 990) 2021

Schedule D (Form 990) 2021
Page 4
Part XI Reconciliation of Revenue per Audited Financial Statements With Revenue per Return. Complete if the organization answered 'Yes' on Form 990, Part IV, line 12a.
1 Total revenue, gains, and other support per audited financial statements ....... 1  
2 Amounts included on line 1 but not on Form 990, Part VIII, line 12:
a Net unrealized gains (losses) on investments .... 2a  
b Donated services and use of facilities ......... 2b  
c Recoveries of prior year grants ........... 2c  
d Other (Describe in Part XIII.) ............ 2d  
e Add lines 2a through 2d ..................... 2e  
3 Subtract line 2e from line 1.................. 3  
4 Amounts included on Form 990, Part VIII, line 12, but not on line 1:
a Investment expenses not included on Form 990, Part VIII, line 7b . 4a  
b Other (Describe in Part XIII.) ........... 4b  
c Add lines 4a and 4b.................... 4c  
5 Total revenue. Add lines 3 and 4c. (This must equal Form 990, Part I, line 12.) ...... 5  
Part XII Reconciliation of Expenses per Audited Financial Statements With Expenses per Return. Complete if the organization answered 'Yes' on Form 990, Part IV, line 12a.
1 Total expenses and losses per audited financial statements ........... 1  
2 Amounts included on line 1 but not on Form 990, Part IX, line 25:
a Donated services and use of facilities ......... 2a  
b Prior year adjustments ............ 2b  
c Other losses ................ 2c  
d Other (Describe in Part XIII.) ............ 2d  
e Add lines 2a through 2d.................... 2e  
3 Subtract line 2e from line 1................... 3  
4 Amounts included on Form 990, Part IX, line 25, but not on line 1:
a Investment expenses not included on Form 990, Part VIII, line 7b .. 4a  
b Other (Describe in Part XIII.) ............ 4b  
c Add lines 4a and 4b..................... 4c  
5 Total expenses. Add lines 3 and 4c. (This must equal Form 990, Part I, line 18.) ...... 5  
Part XIII
Supplemental Information
Provide the descriptions required for Part II, lines 3, 5, and 9; Part III, lines 1a and 4; Part lV, lines 1b and 2b; Part V, line 4; Part X, line 2; Part XI, lines 2d and 4b; and Part XII, lines 2d and 4b. Also complete this part to provide any additional information.
Return Reference Explanation
PART IV, LINE 2B: THE ESCROW LIABILITY ON BALANCE SHEET REPRESENTS FUNDS HELD IN TRUST FOR BORROWERS.
PART X, LINE 2: THE INTERNAL REVENUE SERVICE HAS DETERMINED THAT CRF IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. SIMILAR EXEMPTIONS EXIST UNDER MINNESOTA STATUTES. NNMTCF, A FOR-PROFIT SUBSIDIARY OF CRF, FILES TAX RETURNS AS A FOR-PROFIT ENTITY; HOWEVER, ITS CURRENT ACTIVITIES HAVE NOT GENERATED TAXABLE INCOME. ACCORDINGLY, NO PROVISION FOR INCOME TAXES IS INCLUDED IN THE CONSOLIDATED FINANCIAL STATEMENTS. IGNIFY TECHNOLOGIES, INC., PREVIOUSLY A FOR-PROFIT SUBSIDIARY OF CRF THAT WAS DISPOSED OF DURING THE YEAR, FILES TAX RETURNS AS A FOR-PROFIT ENTITY SUBJECT TO FEDERAL AND STATE INCOME TAXES. IGNIFY UTILIZES AN ASSET AND LIABILITY APPROACH TO FINANCIAL ACCOUNTING AND REPORTING FOR INCOME TAXES. DEFERRED INCOME TAX ASSETS AND LIABILITIES ARE COMPUTED ANNUALLY FOR DIFFERENCES BETWEEN THE FINANCIAL STATEMENT AND TAX BASIS OF ASSETS AND LIABILITIES THAT WILL RESULT IN TAXABLE OR DEDUCTIBLE AMOUNTS IN THE FUTURE BASED ON ENACTED TAX LAWS AND RATES APPLICABLE TO THE PERIODS IN WHICH THE DIFFERENCES ARE EXPECTED TO AFFECT TAXABLE INCOME.
Schedule D (Form 990) 2021


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Schedule I
(Form 990)
Department of the Treasury
Internal Revenue Service
Grants and Other Assistance to Organizations,
Governments and Individuals in the United States
Complete if the organization answered "Yes," on Form 990, Part IV, line 21 or 22.
lBullet Attach to Form 990.
lBullet Go to www.irs.gov/Form990 for the latest information.
OMB No. 1545-0047
2022
Open to Public
Inspection
Name of the organization
COMMUNITY REINVESTMENT FUND INC
 
Employer identification number
41-1616861
Part I
General Information on Grants and Assistance
1
Does the organization maintain records to substantiate the amount of the grants or assistance, the grantees' eligibility for the grants or assistance, and
the selection criteria used to award the grants or assistance? ........................
2
Describe in Part IV the organization's procedures for monitoring the use of grant funds in the United States.
Part II
Grants and Other Assistance to Domestic Organizations and Domestic Governments. Complete if the organization answered "Yes" on Form 990, Part IV, line 21, for any recipient
that received more than $5,000. Part II can be duplicated if additional space is needed.
(a) Name and address of organization
or government		 (b) EIN (c) IRC section
(if applicable)		 (d) Amount of cash grant (e) Amount of non-cash
assistance		 (f) Method of valuation
(book, FMV, appraisal,
other)		 (g) Description of
noncash assistance		 (h) Purpose of grant
or assistance
(1) INVEST DETROIT FOUNDATION
600 RENAISSANCE CENTER SUITE 1710
DETROIT,MI48243 		27-1927369 501 ( C)(3) NONPROFI 263,656 0     OPERATING SUPPORT
(2) DETROIT DEVELOPMENT FUND
3031 W GRAND BLVD SUITE 505
DETROIT,MI48202 		38-3322605 501 ( C)(3) NONPROFI 166,667 0     OPERATING SUPPORT
(3) ACCOMPANY CAPITAL INC
11 BROADWAY SUITE 1515
NEW YORK,NY10004 		81-0584343 501 ( C)(3) NONPROFI 18,750 0     OPERATING SUPPORT
(4) ASCENDUS INC
25 BROADWAY 10TH FLOOR
NEW YORK,NY10004 		11-3317234 501 ( C)(3) NONPROFI 18,750 0     OPERATING SUPPORT
(5) HARLEM ENTREPRENEURIAL FUND LLC
361 WEST 125TH STREET
NEW YORK,NY10027 		26-1393970 501 ( C)(3) NONPROFI 18,750 0     OPERATING SUPPORT
(6) NYBOC LOCAL DEVELOPMENT CORPORATION DBA PURSUIT COMMUNITY FINANCE
50 BEAVER STREET
ALBANY,NY12207 		26-4032355 501 ( C)(3) NONPROFI 18,750 0     OPERATING SUPPORT
(7) RENAISSANCE ECONOMIC DEVELOPMENT CORPORATION
2 ALLEN STREET 7TH FLOOR
NEW YORK,NY10002 		13-3946529 501 ( C)(3) NONPROFI 18,750 0     OPERATING SUPPORT
(8) TRUFUND FINANCIAL SERVICES INC
39 WEST 37TH STREET 7TH FLOOR
NEW YORK,NY10018 		59-3814814 501 ( C)(3) NONPROFI 18,750 0     OPERATING SUPPORT
(9) BOC CAPITAL CORP
85 S OXFORD ST 2ND FLOOR
BROOKLYN,NY11217 		11-3596666 501 ( C)(3) NONPROFI 18,750 0     OPERATING SUPPORT
(10) NDC COMMUNITY IMPACT LOAN FUND
633 THIRD AVENUE SUITE 19J
NEW YORK,NY10017 		13-3678913 501 ( C)(3) NONPROFI 18,750 0     OPERATING SUPPORT
2
Enter total number of section 501(c)(3) and government organizations listed in the line 1 table ................. Bullet Image
9
3
Enter total number of other organizations listed in the line 1 table ........................ . Bullet Image
1
For Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 50055P
Schedule I (Form 990) 2022

Schedule I (Form 990) 2022
Page 2
Part III
Grants and Other Assistance to Domestic Individuals. Complete if the organization answered "Yes" on Form 990, Part IV, line 22.
Part III can be duplicated if additional space is needed.
(a) Type of grant or assistance (b) Number of
recipients		 (c) Amount of
cash grant		 (d) Amount of
noncash assistance		 (e) Method of valuation (book,
FMV, appraisal, other)		 (f) Description of noncash assistance
(1)
(2)
(3)
(4)
(5)
(6)
(7)
Part IV
Supplemental Information. Provide the information required in Part I, line 2; Part III, column (b); and any other additional information.
Return Reference Explanation
PART I, LINE 2: GRANT AGREEMENTS REQUIRE THE REPORTING OF THE USE OF GRANT FUNDS ON A PERIODIC BASIS UNLESS FUNDS ARE FOR GENERAL OPERATIONS.
Schedule I (Form 990) 2022



Additional Data


Software ID:  
Software Version:  


Schedule J
(Form 990)
Department of the Treasury
Internal Revenue Service
Compensation Information
For certain Officers, Directors, Trustees, Key Employees, and Highest
Compensated Employees
SchJMediumBullet Complete if the organization answered "Yes" on Form 990, Part IV, line 23.
SchJMediumBullet Attach to Form 990.
SchJMediumBullet Go to www.irs.gov/Form990 for instructions and the latest information.
OMB No. 1545-0047
2022
Open to Public Inspection
Name of the organization
COMMUNITY REINVESTMENT FUND INC
 
Employer identification number

41-1616861
Part I
Questions Regarding Compensation
Yes
No
1a
Check the appropiate box(es) if the organization provided any of the following to or for a person listed on Form
990, Part VII, Section A, line 1a. Complete Part III to provide any relevant information regarding these items.
b
If any of the boxes on Line 1a are checked, did the organization follow a written policy regarding payment or reimbursement or provision of all of the expenses described above? If "No," complete Part III to explain .....
1b
 
 
2
Did the organization require substantiation prior to reimbursing or allowing expenses incurred by all
directors, trustees, officers, including the CEO/Executive Director, regarding the items checked on Line 1a? ....
2
 
 
3
Indicate which, if any, of the following the filing organization used to establish the compensation of the
organization's CEO/Executive Director. Check all that apply. Do not check any boxes for methods
used by a related organization to establish compensation of the CEO/Executive Director, but explain in Part III.
4
During the year, did any person listed on Form 990, Part VII, Section A, line 1a, with respect to the filing organization or a related organization:
a
Receive a severance payment or change-of-control payment? .............
4a
 
No
b
Participate in, or receive payment from, a supplemental nonqualified retirement plan? .........
4b
 
No
c
Participate in, or receive payment from, an equity-based compensation arrangement? .........
4c
Yes
 
If "Yes" to any of lines 4a-c, list the persons and provide the applicable amounts for each item in Part III.
Only 501(c)(3), 501(c)(4), and 501(c)(29) organizations must complete lines 5-9.
5
For persons listed on Form 990, Part VII, Section A, line 1a, did the organization pay or accrue any
compensation contingent on the revenues of:
a
The organization? ....................
5a
 
No
b
Any related organization? .......................
5b
 
No
If "Yes," on line 5a or 5b, describe in Part III.
6
For persons listed on Form 990, Part VII, Section A, line 1a, did the organization pay or accrue any
compensation contingent on the net earnings of:
a
The organization? ..................
6a
 
No
b
Any related organization? ......................
6b
 
No
If "Yes," on line 6a or 6b, describe in Part III.
7
For persons listed on Form 990, Part VII, Section A, line 1a, did the organization provide any nonfixed
payments not described in lines 5 and 6? If "Yes," describe in Part III ............
7
Yes
 
8
Were any amounts reported on Form 990, Part VII, paid or accured pursuant to a contract that was
subject to the initial contract exception described in Regulations section 53.4958-4(a)(3)? If "Yes," describe
in Part III ..........................
8
 
No
9
If "Yes" on line 8, did the organization also follow the rebuttable presumption procedure described in Regulations section 53.4958-6(c)? .........................
9
 
 
For Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 50053T
Schedule J (Form 990) 2022

Schedule J (Form 990) 2022
Page 2
Part II
Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees. Use duplicate copies if additional space is needed.
For each individual whose compensation must be reported on Schedule J, report compensation from the organization on row (i) and from related organizations, described in the
instructions, on row (ii). Do not list any individuals that are not listed on Form 990, Part VII.
Note. The sum of columns (B)(i)-(iii) for each listed individual must equal the total amount of Form 990, Part VII, Section A, line 1a, applicable column (D) and (E) amounts for that individual.
(A) Name and Title (B) Breakdown of W-2, 1099-MISC compensation, and/or 1099-NEC (C) Retirement and other deferred compensation (D) Nontaxable
benefits		 (E) Total of columns
(B)(i)-(D) 		(F) Compensation in column (B) reported as deferred on prior Form 990
(i) Base
compensation 		(ii) Bonus & incentive
compensation 		(iii) Other reportable compensation
1FRANK ALTMAN
CEO 		(i)

(ii)		 370,144
-------------
0 		331,267
-------------
0 		0
-------------
0 		15,250
-------------
0 		9,438
-------------
0 		726,099
-------------
0 		0
-------------
0
2JENNIFER ANDERSON
CHIEF ADMINISTRATIVE OFFICER 		(i)

(ii)		 300,000
-------------
0 		221,050
-------------
0 		0
-------------
0 		15,250
-------------
0 		26,953
-------------
0 		563,253
-------------
0 		0
-------------
0
3KEITH RACHEY
EVP CHIEF IMPACT OFFICER UNTIL 6/23 		(i)

(ii)		 270,598
-------------
0 		178,744
-------------
0 		0
-------------
0 		15,250
-------------
0 		27,278
-------------
0 		491,870
-------------
0 		0
-------------
0
4NICHOLAS ELDERS
CEO - IGNIFY 		(i)

(ii)		 0
-------------
300,000 		0
-------------
88,010 		0
-------------
0 		0
-------------
47,129 		0
-------------
21,609 		0
-------------
456,748 		0
-------------
0
5GARY HOLMQUIST
REGIONAL DIRECTOR OF BUSINESS DEVELO 		(i)

(ii)		 133,610
-------------
0 		190,827
-------------
0 		0
-------------
0 		15,250
-------------
0 		26,909
-------------
0 		366,596
-------------
0 		0
-------------
0
6JENNIFER NOVAK
SVP CAPITAL MARKETS 		(i)

(ii)		 243,109
-------------
0 		71,028
-------------
0 		0
-------------
0 		15,250
-------------
0 		26,951
-------------
0 		356,338
-------------
0 		0
-------------
0
7ERIK SWENSON
CHIEF OPERATING OFFICER - IGNIFY 		(i)

(ii)		 0
-------------
240,000 		0
-------------
55,860 		0
-------------
0 		0
-------------
34,095 		0
-------------
20,661 		0
-------------
350,616 		0
-------------
0
8ERIK MAU
CHIEF TECHNOLOGY OFFICER - IGNIFY 		(i)

(ii)		 0
-------------
225,000 		0
-------------
67,920 		0
-------------
0 		0
-------------
35,329 		0
-------------
21,256 		0
-------------
349,505 		0
-------------
0
9JUDITH JANDRO
SVP SMALL BUSINESS LENDING UNTIL 2/2 		(i)

(ii)		 221,592
-------------
0 		65,097
-------------
0 		0
-------------
0 		14,334
-------------
0 		26,948
-------------
0 		327,971
-------------
0 		0
-------------
0
10SIMON MCNEIL
SVP OPERATIONS UNTIL 6/23 		(i)

(ii)		 224,777
-------------
0 		60,380
-------------
0 		0
-------------
0 		2,715
-------------
0 		27,280
-------------
0 		315,152
-------------
0 		0
-------------
0
11ERIC CHAPIN
GENERAL COUNSEL 		(i)

(ii)		 194,760
-------------
0 		56,669
-------------
0 		0
-------------
0 		12,821
-------------
0 		26,895
-------------
0 		291,145
-------------
0 		0
-------------
0
12PATRICK DAVIS
SVP OF PLATFORM AND TECH SERVICES 		(i)

(ii)		 191,651
-------------
0 		56,217
-------------
0 		0
-------------
0 		9,653
-------------
0 		9,679
-------------
0 		267,200
-------------
0 		0
-------------
0
13PAUL TREMEWAN
SVP & CFO 		(i)

(ii)		 180,077
-------------
0 		49,549
-------------
0 		0
-------------
0 		11,481
-------------
0 		12,760
-------------
0 		253,867
-------------
0 		0
-------------
0
14BRANDON DIXON
CHIEF CREDIT OFFICER UNTIL 2/23 		(i)

(ii)		 181,982
-------------
0 		43,909
-------------
0 		0
-------------
0 		11,545
-------------
0 		26,840
-------------
0 		264,276
-------------
0 		0
-------------
0
15ERIK O'LEARY
PRINCIPAL ARCHITECT 		(i)

(ii)		 173,165
-------------
0 		44,271
-------------
0 		0
-------------
0 		8,555
-------------
0 		9,292
-------------
0 		235,283
-------------
0 		0
-------------
0
16DEBRA MOUNSEY
VP OF HUMAN RESOURCES UNTIL 9/22 		(i)

(ii)		 133,321
-------------
0 		56,538
-------------
0 		0
-------------
0 		9,501
-------------
0 		6,579
-------------
0 		205,939
-------------
0 		0
-------------
0
17KINFE ARGAW
SVP CHIEF CREDIT OFFICER 		(i)

(ii)		 145,723
-------------
0 		35,452
-------------
0 		0
-------------
0 		9,059
-------------
0 		26,719
-------------
0 		216,953
-------------
0 		0
-------------
0
Schedule J (Form 990) 2022

Schedule J (Form 990) 2022
Page 3
Part III
Supplemental Information
Provide the information, explanation, or descriptions required for Part I, lines 1a, 1b, 3, 4a, 4b, 4c, 5a, 5b, 6a, 6b, 7, and 8, and for Part II. Also complete this part for any additional information.
Return Reference Explanation
PART I, LINE 3 THE BOARD HAS APPROVED A COMPENSATION POLICY TO SET THE FRAMEWORK FOR EXECUTIVE AND STAFF COMPENSATION BASED ON A STUDY PERFORMED BY AN INDEPENDENT COMPENSATION CONSULTANT. THE EXECUTIVE COMMITTEE OF BOARD APPROVES COMPENSATION FOR THE CEO BASED ON A COMPENSATION STUDY. THE EXECUTIVE COMMITTEE REVIEWS A COMPENSATION STUDY FOR SENIOR EXECUTIVES. THE MOST RECENT EXECUTIVE COMPENSATION STUDY WAS COMPLETED DURING FISCAL YEAR 2017. THE CEO APPROVES COMPENSATION FOR OTHER EXECUTIVE OFFICERS IN ACCORDANCE WITH THE COMPENSATION POLICY. COMPENSATION DECISIONS ARE DOCUMENTED WITH THE HUMAN RESOURCES DEPARTMENT. HUMAN RESOURCES WORKED WITH THE CEO, PRESIDENT AND A THIRD PARTY CONSULTANT TO BENCHMARK EMPLOYEE COMPENSATION TO INDUSTRY STANDARDS DURING FISCAL YEAR 2022.
PART I, LINE 4C NAME: NICK ELDERS, DESCRIPTION: STOCK OPTION COMPENSATION, CURRENT YEAR AMOUNT: $33,377. PLAN DESCRIPTION: STOCK OPTIONS FOR IGNIFY TECHNOLOGIES, INC. NAME: ERIK SWENSON, DESCRIPTION: STOCK OPTION COMPENSATION, CURRENT YEAR AMOUNT: $25,033. PLAN DESCRIPTION: STOCK OPTIONS FOR IGNIFY TECHNOLOGIES, INC. NAME: ERIK MAU, DESCRIPTION: STOCK OPTION COMPENSATION, CURRENT YEAR AMOUNT: $25,033. PLAN DESCRIPTION: STOCK OPTIONS FOR IGNIFY TECHNOLOGIES, INC.
PART I, LINE 7 CRF PAYS COMMISSIONS TO CERTAIN EMPLOYEES, WHICH MAY INCLUDE SOME HIGHLY COMPENSATED INDIVIDUALS LISTED ON FORM 990, PART VII. ADDITIONALLY CRF PAYS INCENTIVE COMPENSATION TO MANAGEMENT AND STAFF IN ACCORDANCE WITH IS COMPENSATION PLAN, WHICH MAY INCLUDE SOME HIGHLY COMPENSATED INDIVIDUALS LISTED ON FORM 990, PART VII.
Schedule J (Form 990) 2022

Additional Data


Software ID:  
Software Version:  
SCHEDULE O
(Form 990)

Department of the Treasury
Internal Revenue Service
Supplemental Information to Form 990 or 990-EZ

Complete to provide information for responses to specific questions on
Form 990 or 990-EZ or to provide any additional information.
MediumBullet Attach to Form 990 or 990-EZ.
MediumBullet Go to www.irs.gov/Form990 for the latest information.
OMB No. 1545-0047
2021
Open to Public
Inspection
Name of the organization
COMMUNITY REINVESTMENT FUND INC
 
Employer identification number

41-1616861
Return Reference Explanation
FORM 990, PART VI, SECTION A, LINE 1A EXECUTIVE COMMITTEE IS MADE UP OF THE OFFICER TRUSTEES AND CHAIRS OF THE OTHER COMMITTEES. EXECUTIVE COMMITTEES IS DELEGATED SPECIFIC AUTHORITY BY THE FULL BOARD. THE COMMITTEE SHALL BE COMPRISED OF THE FOLLOWING BOARD OFFICERS: CHAIRPERSON, VICE CHAIRPERSON, CHIEF EXECUTIVE OFFICER, AND THE CHAIRS OF THE AUDIT COMMITTEE, CREDIT POLICY AND ENTERPRISE RISK MANAGEMENT COMMITTEE, DEVELOPMENT COMMITTEE, AND FINANCE COMMITTEE. THE BOARD CHAIRPERSON SHALL BE THE CHAIRPERSON OF THE COMMITTEE. THE CHAIRPERSON SHALL PRESIDE AT MEETING OF THE COMMITTEE AND MAY INVITE VARIOUS OFFICERS OF CRF TO PARTICIPATE OR PROVIDE REPORTS ON AN OCCASIONAL OR STANDING BASIS TO THE COMMITTEE.THE COMMITTEE SHALL EXERCISE THE POWER AND AUTHORITY AS DELEGATED BY THE BOARD. AS PART OF THE COMMITTEE'S DELEGATED AUTHORITY TO SET THE COMPENSATION AND REVIEW THE PERFORMANCE OF THE CEO AND SUCH OTHER OFFICERS AS IT DEEMS APPROPRIATE, THE COMMITTEE IS RESPONSIBLE FOR SETTING THE INCENTIVE POOL THROUGH ITS REVIEW OF THE PERFORMANCE OF THE CEO IN ACCORDANCE WITH CRF'S COMPENSATION POLICY.
FORM 990, PART VI, SECTION A, LINE 7A SUBSEQUENT TO THE INITIAL BOARD OF TRUSTEES, A MAJORITY OF THE BOARD SHALL CONSIST OF INDIVIDUALS APPOINTED OR ELECTED BY BENEFICIARY ORGANIZATIONS. AS PROVIDED IN THE ARTICLES OF INCORPORATION, THE CLASS OF BENEFICIARY ORGANIZATION SUPPORTED BY THE CORPORATION IS LIMITED TO LOCAL ECONOMIC DEVELOPMENT ORGANIZATIONS AND UNITS OF FEDERAL, STATE, COUNTY OR MUNICIPAL GOVERNMENT, OR DULY CONSTITUTED AGENCIES THEREOF, THAT FOCUS THEIR LENDING ACTIVITIES AT ECONOMICALLY DISTRESSED OR DECLINING AREAS, DISADVANTAGED PERSONS, NEIGHBORHOOD OR COMMUNITY REVITALIZATION, OR OTHER SECTION 501(C)(3) CHARITABLE PURPOSES AND THAT ARE CLASSIFIED AS SECTION 509(A)(1) OR (2) ORGANIZATIONS UNDER THE INTERNAL REVENUE CODE.
FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED IN DETAIL BY SENIOR MANAGEMENT BEFORE FILING WITH THE IRS. A FINAL COPY OF THE RETURN IS SENT TO THE BOARD FOR A HIGH LEVEL REVIEW PRIOR TO FILING.
FORM 990, PART VI, SECTION B, LINE 12C BECAUSE CRF IS A 509(A)(3) SUPPORTING ORGANIZATION, A MAJORITY OF THE GOVERNING BOARD COULD QUALIFY AS POTENTIAL CLIENTS. THE BOARD HAS CHOSEN NOT TO REVIEW INDIVIDUAL LOANS. AS A RESULT, THERE IS NO LONGER A POTENTIAL CONFLICT ISSUE IN THAT AREA. CERTAIN TRUSTEES ARE AFFILIATED WITH FINANCIAL INSTITUTIONS THAT MAY BE INVOLVED WITH A CRF TRANSACTION, AND IN THOSE CASES, THE TRUSTEE ABSTAINS FROM ANY RELATED VOTE. ALL TRUSTEES ARE COVERED UNDER THE CONFLICT OF INTEREST POLICY. ALL EMPLOYEES ARE ALSO COVERED UNDER A CONFLICT OF INTEREST POLICY AND ARE REQUIRED TO DISCLOSE ANY ACTUAL OR POTENTIAL CONFLICTS OF INTEREST AS SOON AS POSSIBLE. TRUSTEE ANNUALLY AFFIRM CONFLICT OF INTEREST POLICY AND DUTY TO DISCLOSE AT EACH BOARD MEETING IF SUBJECT OF DISCUSSION OR DECISION IS POTENTIAL CONFLICT.
FORM 990, PART VI, SECTION B, LINE 15 THE BOARD HAS APPROVED A COMPENSATION POLICY TO SET THE FRAMEWORK FOR EXECUTIVE AND STAFF COMPENSATION BASED ON A STUDY PERFORMED BY AN INDEPENDENT COMPENSATION CONSULTANT. THE EXECUTIVE COMMITTEE OF BOARD APPROVES COMPENSATION FOR THE CEO BASED ON A COMPENSATION STUDY. THE EXECUTIVE COMMITTEE REVIEWS A COMPENSATION STUDY FOR SENIOR EXECUTIVES. THE MOST RECENT EXECUTIVE COMPENSATION STUDY WAS COMPLETED DURING FISCAL YEAR 2017. THE CEO APPROVES COMPENSATION FOR OTHER EXECUTIVE OFFICERS IN ACCORDANCE WITH THE COMPENSATION POLICY. COMPENSATION DECISIONS ARE DOCUMENTED WITH THE HUMAN RESOURCES DEPARTMENT. HUMAN RESOURCES WORKED WITH THE CEO, PRESIDENT AND A THIRD PARTY CONSULTANT TO BENCHMARK EMPLOYEE COMPENSATION TO INDUSTRY STANDARDS DURING FISCAL YEAR 2022.
FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE TO THE PUBLIC UPON REQUEST. AUDITED FINANCIAL STATEMENTS ARE AVAILABLE ON THE ORGANIZATION'S WEBSITE.
For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.
Cat. No. 51056K
Schedule O (Form 990) 2021


Additional Data


Software ID:  
Software Version:  
SCHEDULE R
(Form 990)
Department of the Treasury
Internal Revenue Service
Related Organizations and Unrelated Partnerships
MediumBulletComplete if the organization answered "Yes" on Form 990, Part IV, line 33, 34, 35b, 36, or 37.
MediumBulletAttach to Form 990.
MediumBullet Go to www.irs.gov/Form990 for instructions and the latest information.

OMB No. 1545-0047
2021
Open to Public Inspection
Name of the organization
COMMUNITY REINVESTMENT FUND INC
 
Employer identification number

41-1616861
Part I
Identification of Disregarded Entities. Complete if the organization answered "Yes" on Form 990, Part IV, line 33.
(a)
Name, address, and EIN (if applicable) of disregarded entity


(b)
Primary activity


 		(c)
Legal domicile (state
or foreign country)

 		(d)
Total income


 		(e)
End-of-year assets


 		(f)
Direct controlling
entity
(1) CRF AFFORDABLE HOUSING NO 1 LLC
801 NICOLLET MALL SUITE 1700W
MINNEAPOLIS,MN55402
41-1616861 		COMMUNITY DEVELOPMENT DE -11,846 280,829 COMMUNITY REINVESTMENT FUND INC
 
(2) CRF AFFORDABLE HOUSING NO 2 LLC
801 NICOLLET MALL SUITE 1700W
MINNEAPOLIS,MN55402
41-1616861 		COMMUNITY DEVELOPMENT DE -25,500 1,223,526 COMMUNITY REINVESTMENT FUND INC
 
(3) CRF AFFORDABLE HOUSING NO 3 LLC
801 NICOLLET MALL SUITE 1700W
MINNEAPOLIS,MN55402
41-1616861 		COMMUNITY DEVELOPMENT DE 38,806 9,190,338 COMMUNITY REINVESTMENT FUND INC
 
(4) CRF CHARTER SCHOOL INVESTOR LLC
801 NICOLLET MALL SUITE 1700W
MINNEAPOLIS,MN55402
41-1616861 		COMMUNITY DEVELOPMENT DE 0 0 COMMUNITY REINVESTMENT FUND INC
 
(5) CRF FUND MANAGEMENT SERVICES LLC
801 NICOLLET MALL SUITE 1700W
MINNEAPOLIS,MN55402
41-1616861 		COMMUNITY DEVELOPMENT DE 0 0 COMMUNITY REINVESTMENT FUND INC
 
(6) CRF HOLDINGS LLC
801 NICOLLET MALL SUITE 1700W
MINNEAPOLIS,MN55402
41-1616861 		COMMUNITY DEVELOPMENT DE 0 0 COMMUNITY REINVESTMENT FUND INC
 
(7) CRF AFFORDABLE HOUSING NO 3 GUARANTOR LLC
801 NICOLLET MALL SUITE 1700W
MINNEAPOLIS,MN55402
41-1616861 		COMMUNITY DEVELOPMENT DE 0 0 COMMUNITY REINVESTMENT FUND INC
 
(8) CRF SMALL BUSINESS LOAN COMPANY LLC
801 NICOLLET MALL SUITE 1700W
MINNEAPOLIS,MN55402
47-5318624 		COMMUNITY DEVELOPMENT DE 1,548,771 40,619,394 COMMUNITY REINVESTMENT FUND INC
 
(9) CRF QI LLC
801 NICOLLET MALL SUITE 1700W
MINNEAPOLIS,MN55402
41-1616861 		COMMUNITY DEVELOPMENT DE 0 0 COMMUNITY REINVESTMENT FUND INC
 
(10) CRF DETROIT HOME MORTGAGE FUND (2016) LLC
801 NICOLLET MALL SUITE 1700W
MINNEAPOLIS,MN55402
41-1616861 		COMMUNITY DEVELOPMENT DE -58,657 2,361,972 COMMUNITY REINVESTMENT FUND INC
 
(11) CRF NNMTCF I GP LLC
801 NICOLLET MALL SUITE 1700W
MINNEAPOLIS,MN55402
41-1616861 		COMMUNITY DEVELOPMENT DE 0 0 COMMUNITY REINVESTMENT FUND INC
 
(12) CRF NNMTCF II GP LLC
801 NICOLLET MALL SUITE 1700W
MINNEAPOLIS,MN55402
41-1616861 		COMMUNITY DEVELOPMENT DE 0 0 COMMUNITY REINVESTMENT FUND INC
 
(13) CRF NNMTCF XIII GP LLC
801 NICOLLET MALL SUITE 1700W
MINNEAPOLIS,MN55402
41-1616861 		COMMUNITY DEVELOPMENT DE 0 0 COMMUNITY REINVESTMENT FUND INC
 
(14) CRF NNMTCF XIV GP LLC
801 NICOLLET MALL SUITE 1700W
MINNEAPOLIS,MN55402
41-1616861 		COMMUNITY DEVELOPMENT DE 0 0 COMMUNITY REINVESTMENT FUND INC
 
(15) CRF NNMTCF XV GP LLC
801 NICOLLET MALL SUITE 1700W
MINNEAPOLIS,MN55402
41-1616861 		COMMUNITY DEVELOPMENT DE 0 0 COMMUNITY REINVESTMENT FUND INC
 
(16) CRF NNMTCF XVI GP LLC
801 NICOLLET MALL SUITE 1700W
MINNEAPOLIS,MN55402
41-1616861 		COMMUNITY DEVELOPMENT DE 0 0 COMMUNITY REINVESTMENT FUND INC
 
(17) CRF NNMTCF XVII GP LLC
801 NICOLLET MALL SUITE 1700W
MINNEAPOLIS,MN55402
41-1616861 		COMMUNITY DEVELOPMENT DE 0 0 COMMUNITY REINVESTMENT FUND INC
 
(18) CRF NNMTCF XVIII GP LLC
801 NICOLLET MALL SUITE 1700W
MINNEAPOLIS,MN55402
41-1616861 		COMMUNITY DEVELOPMENT DE 0 0 COMMUNITY REINVESTMENT FUND INC
 
(19) CRF NNMTCF XIX GP LLC
801 NICOLLET MALL SUITE 1700W
MINNEAPOLIS,MN55402
41-1616861 		COMMUNITY DEVELOPMENT DE 0 0 COMMUNITY REINVESTMENT FUND INC
 
(20) CRF NNMTCF XX GP LLC
801 NICOLLET MALL SUITE 1700W
MINNEAPOLIS,MN55402
41-1616861 		COMMUNITY DEVELOPMENT DE 0 0 COMMUNITY REINVESTMENT FUND INC
 
(21) CRF NNMTCF XXI GP LLC
801 NICOLLET MALL SUITE 1700W
MINNEAPOLIS,MN55402
41-1616861 		COMMUNITY DEVELOPMENT DE 0 0 COMMUNITY REINVESTMENT FUND INC
 
(22) CRF NNMTCF XXII GP LLC
801 NICOLLET MALL SUITE 1700W
MINNEAPOLIS,MN55402
41-1616861 		COMMUNITY DEVELOPMENT DE 0 0 COMMUNITY REINVESTMENT FUND INC
 
(23) CRF NNMTCF XXIII GP LLC
801 NICOLLET MALL SUITE 1700W
MINNEAPOLIS,MN55402
41-1616861 		COMMUNITY DEVELOPMENT DE 492 9 COMMUNITY REINVESTMENT FUND INC
 
(24) CRF NNMTCF XXIV GP LLC
801 NICOLLET MALL SUITE 1700W
MINNEAPOLIS,MN55402
41-1616861 		COMMUNITY DEVELOPMENT DE 0 0 COMMUNITY REINVESTMENT FUND INC
 
(25) CRF NNMTCF XXV GP LLC
801 NICOLLET MALL SUITE 1700W
MINNEAPOLIS,MN55402
41-1616861 		COMMUNITY DEVELOPMENT DE 0 0 COMMUNITY REINVESTMENT FUND INC
 
(26) CRF NNMTCF XXVI GP LLC
801 NICOLLET MALL SUITE 1700W
MINNEAPOLIS,MN55402
41-1616861 		COMMUNITY DEVELOPMENT DE 1,711 14 COMMUNITY REINVESTMENT FUND INC
 
(27) CRF NNMTCF XXVII GP LLC
801 NICOLLET MALL SUITE 1700W
MINNEAPOLIS,MN55402
41-1616861 		COMMUNITY DEVELOPMENT DE 1,443 9 COMMUNITY REINVESTMENT FUND INC
 
(28) CRF NNMTCF XXVIII GP LLC
801 NICOLLET MALL SUITE 1700W
MINNEAPOLIS,MN55402
41-1616861 		COMMUNITY DEVELOPMENT DE 833 11 COMMUNITY REINVESTMENT FUND INC
 
(29) CRF NNMTCF XXIX GP LLC
801 NICOLLET MALL SUITE 1700W
MINNEAPOLIS,MN55402
41-1616861 		COMMUNITY DEVELOPMENT DE 882 7 COMMUNITY REINVESTMENT FUND INC
 
(30) CRF NNMTCF XXX GP LLC
801 NICOLLET MALL SUITE 1700W
MINNEAPOLIS,MN55402
41-1616861 		COMMUNITY DEVELOPMENT DE 1,231 15 COMMUNITY REINVESTMENT FUND INC
 
(31) CRF NNMTCF XXXI GP LLC
801 NICOLLET MALL SUITE 1700W
MINNEAPOLIS,MN55402
41-1616861 		COMMUNITY DEVELOPMENT DE 1,732 14 COMMUNITY REINVESTMENT FUND INC
 
(32) CRF NNMTCF XXXII GP LLC
801 NICOLLET MALL SUITE 1700W
MINNEAPOLIS,MN55402
41-1616861 		COMMUNITY DEVELOPMENT DE 850 8 COMMUNITY REINVESTMENT FUND INC
 
(33) CRF NNMTCF XXXIII GP LLC
801 NICOLLET MALL SUITE 1700W
MINNEAPOLIS,MN55402
41-1616861 		COMMUNITY DEVELOPMENT DE 578 17 COMMUNITY REINVESTMENT FUND INC
 
(34) CRF NNMTCF XXXIV GP LLC
801 NICOLLET MALL SUITE 1700W
MINNEAPOLIS,MN55402
41-1616861 		COMMUNITY DEVELOPMENT DE 1,920 17 COMMUNITY REINVESTMENT FUND INC
 
(35) CRF NNMTCF XXXV GP LLC
801 NICOLLET MALL SUITE 1700W
MINNEAPOLIS,MN55402
41-1616861 		COMMUNITY DEVELOPMENT DE 562 11 COMMUNITY REINVESTMENT FUND INC
 
(36) CRF NNMTCF XXXVI GP LLC
801 NICOLLET MALL SUITE 1700W
MINNEAPOLIS,MN55402
41-1616861 		COMMUNITY DEVELOPMENT DE 625 13 COMMUNITY REINVESTMENT FUND INC
 
(37) CRF NNMTCF XXXVII GP LLC
801 NICOLLET MALL SUITE 1700W
MINNEAPOLIS,MN55402
41-1616861 		COMMUNITY DEVELOPMENT DE 233 8 COMMUNITY REINVESTMENT FUND INC
 
(38) CRF NNMTCF XXXVIII GP LLC
801 NICOLLET MALL SUITE 1700W
MINNEAPOLIS,MN55402
41-1616861 		COMMUNITY DEVELOPMENT DE 0 0 COMMUNITY REINVESTMENT FUND INC
 
(39) CRF NNMTCF XXXIX GP LLC
801 NICOLLET MALL SUITE 1700W
MINNEAPOLIS,MN55402
41-1616861 		COMMUNITY DEVELOPMENT DE 0 0 COMMUNITY REINVESTMENT FUND INC
 
(40) CRF NNMTCF XL GP LLC
801 NICOLLET MALL SUITE 1700W
MINNEAPOLIS,MN55402
41-1616861 		COMMUNITY DEVELOPMENT DE 0 0 COMMUNITY REINVESTMENT FUND INC
 
(41) CRF BLC BETA GP LLC
801 NICOLLET MALL SUITE 1700W
MINNEAPOLIS,MN55402
41-1616861 		COMMUNITY DEVELOPMENT DE 0 0 COMMUNITY REINVESTMENT FUND INC
 
(42) CRF DHM DEVELOPER PROGRAM LLC
801 NICOLLET MALL SUITE 1700W
MINNEAPOLIS,MN55402
41-1616861 		COMMUNITY DEVELOPMENT DE 0 0 COMMUNITY REINVESTMENT FUND INC
 
(43) CRF CSBRF LLC
801 NICOLLET MALL SUITE 1700W
MINNEAPOLIS,MN55402
41-1616861 		COMMUNITY DEVELOPMENT DE 334,380 8,698,450 COMMUNITY REINVESTMENT FUND INC
 
(44) CRF CSBRF II LLC
801 NICOLLET MALL SUITE 1700W
MINNEAPOLIS,MN55402
41-1616861 		COMMUNITY DEVELOPMENT DE 242,192 5,358,792 COMMUNITY REINVESTMENT FUND INC
 
(45) CRF NNMTCF XLI GP LLC
801 NICOLLET MALL SUITE 1700W
MINNEAPOLIS,MN55402
41-1616861 		COMMUNITY DEVELOPMENT DE 0 0 COMMUNITY REINVESTMENT FUND INC
 
(46) CRF NNMTCF XLII GP LLC
801 NICOLLET MALL SUITE 1700W
MINNEAPOLIS,MN55402
41-1616861 		COMMUNITY DEVELOPMENT DE 0 0 COMMUNITY REINVESTMENT FUND INC
 
(47) CRF NNMTCF XLIII GP LLC
801 NICOLLET MALL SUITE 1700W
MINNEAPOLIS,MN55402
41-1616861 		COMMUNITY DEVELOPMENT DE 0 0 COMMUNITY REINVESTMENT FUND INC
 
(48) CRF NNMTCF XLIV GP LLC
801 NICOLLET MALL SUITE 1700W
MINNEAPOLIS,MN55402
41-1616861 		COMMUNITY DEVELOPMENT DE 0 0 COMMUNITY REINVESTMENT FUND INC
 
(49) CRF NNMTCF XLV GP LLC
801 NICOLLET MALL SUITE 1700W
MINNEAPOLIS,MN55402
41-1616861 		COMMUNITY DEVELOPMENT DE 0 0 COMMUNITY REINVESTMENT FUND INC
 
(50) CRF NNMTCF XLVI GP LLC
801 NICOLLET MALL SUITE 1700W
MINNEAPOLIS,MN55402
41-1616861 		COMMUNITY DEVELOPMENT DE 0 0 COMMUNITY REINVESTMENT FUND INC
 
(51) CRF NNMTCF XLVII GP LLC
801 NICOLLET MALL SUITE 1700W
MINNEAPOLIS,MN55402
41-1616861 		COMMUNITY DEVELOPMENT DE 0 0 COMMUNITY REINVESTMENT FUND INC
 
(52) CRF NNMTCF XLVIII GP LLC
801 NICOLLET MALL SUITE 1700W
MINNEAPOLIS,MN55402
41-1616861 		COMMUNITY DEVELOPMENT DE 0 0 COMMUNITY REINVESTMENT FUND INC
 
(53) CRF NNMTCF L GP LLC
801 NICOLLET MALL SUITE 1700W
MINNEAPOLIS,MN55402
41-1616861 		COMMUNITY DEVELOPMENT DE 0 0 COMMUNITY REINVESTMENT FUND INC
 
(54) CRF NNMTCF XLIX GP LLC
801 NICOLLET MALL SUITE 1700W
MINNEAPOLIS,MN55402
41-1616861 		COMMUNITY DEVELOPMENT DE 0 0 COMMUNITY REINVESTMENT FUND INC
 
(55) MINNESOTA INCLUSIVE GROWTH FUND
801 NICOLLET MALL SUITE 1700W
MINNEAPOLIS,MN55402
41-1616861 		COMMUNITY DEVELOPMENT DE -297,531 14,272,155 COMMUNITY REINVESTMENT FUND INC
 
(56) NEW YORK SBS OPPORTUNITY FUND LLC
801 NICOLLET MALL SUITE 1700W
MINNEAPOLIS,MN55402
41-1616861 		COMMUNITY DEVELOPMENT DE 8,416,366 45,480,979 COMMUNITY REINVESTMENT FUND INC
 
Part II
Identification of Related Tax-Exempt Organizations. Complete if the organization answered "Yes" on Form 990, Part IV, line 34 because it had one or more related tax-exempt organizations during the tax year.
(a)
Name, address, and EIN of related organization


(b)
Primary activity


 		(c)
Legal domicile (state
or foreign country)

 		(d)
Exempt Code section


 		(e)
Public charity status
(if section 501(c)(3))

 		(f)
Direct controlling
entity

 		(g)
Section 512(b)(13) controlled entity?
Yes No
(1)CHICANOS POR LA CAUSA
1112 E BUCKEYE RD

PHOENIX,AZ85034
86-0227210 		COMMUNITY DEVELOPMENT AZ 501(C)(3) LINE 7 N/A
 
No
(2)MILWAUKEE COMMUNITY BUSINESS COLLABORATIVE INC
2821 WEL R PHILLIPS AVE SUITE 300

MILWAUKEE,WI53212
46-3689224 		COMMUNITY DEVELOPMENT WI 501(C)(3) LINE 7 N/A
 
No
(3)NEIGHBORHOOD LENDING PARTNERS INC
3615 W SPRUCE ST

TAMPA,FL33607
01-0581489 		COMMUNITY DEVELOPMENT FL 501(C)(3) LINE 10 N/A
 
No
(4)OPA-LOCKA COMMUNITY DEVELOPMENT CORPORATION
490 OPA-LOCKA BLVD

OPALOCKA,FL33054
59-2106635 		COMMUNITY DEVELOPMENT FL 501(C)(3) LINE 7 N/A
 
No
(5)TENDERLOIN NEIGHBORHOOD DEVELOPMENT CORPORATION
201 EDDY ST

SAN FRANCISCO,CA94102
94-2761808 		COMMUNITY DEVELOPMENT CA 501(C)(3) LINE 10 N/A
 
No
(6)INVEST DETROIT FOUNDATION
600 RENAISSANCE CENTER NO 1710

DETROIT,MI48243
27-1927369 		COMMUNITY DEVELOPMENT MI 501(C)(3) LINE 7 N/A
 
No
(7)OWEESTA CORPORATION
2432 MAIN STREET 1ST FLOOR

LONGMONT,CO80501
54-1970097 		COMMUNITY DEVELOPMENT CO 501(C)(3) LINE 10 N/A
 
No
(8)COMMUNITY CAPITAL FUND
3200 WAYNE AVENUE

KANSAS CITY,MO64109
45-4561134 		COMMUNITY DEVELOPMENT MO 501(C)(3) LINE 10 N/A
 
No
(9)PARTNERS FOR THE COMMON GOOD
1201 15TH STREET NW 200

WASHINGTON,DC20005
36-4369806 		COMMUNITY DEVELOPMENT IL 501(C)(3) LINE 10 N/A
 
No
For Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 50135Y
Schedule R (Form 990) 2021
Schedule R (Form 990) 2021
Page 2
Part III
Identification of Related Organizations Taxable as a Partnership. Complete if the organization answered "Yes" on Form 990, Part IV, line 34, because it had one or more related organizations treated as a partnership during the tax year.
(a)
Name, address, and EIN of
related organization



 		(b)
Primary activity




 		(c)
Legal
domicile
(state or foreign
country)


 		(d)
Direct controlling
entity



 		(e)
Predominant income(related, unrelated, excluded from tax under sections 512-514)

(f)
Share of total income




 		(g)
Share of end-of-year
assets



 		(h)
Disproprtionate allocations?




 		(i)
Code V-UBI
amount in box 20 of
Schedule K-1
(Form 1065)
 		(j)
General or
managing
partner?



 		(k)
Percentage
ownership
Yes No Yes No
(1) BUSINESS LOAN CONDUIT NO 13 LLC

801 NICOLLET MALL SUITE 1700W
MINNEAPOLIS,MN55402
27-1656519 		COMMUNITY DEVELOPMENT DE COMMUNITY REINVESTMENT FUND
  		RELATED       No   Yes   0.010 %
(2) BUSINESS LOAN CONDUIT NO 14 LLC

801 NICOLLET MALL SUITE 1700W
MINNEAPOLIS,MN55402
27-1656570 		COMMUNITY DEVELOPMENT DE COMMUNITY REINVESTMENT FUND
  		RELATED       No   Yes   0.010 %
(3) BUSINESS LOAN CONDUIT NO 15 LLC

801 NICOLLET MALL SUITE 1700W
MINNEAPOLIS,MN55402
27-1656714 		COMMUNITY DEVELOPMENT DE COMMUNITY REINVESTMENT FUND
  		RELATED       No   Yes   0.010 %
(4) BUSINESS LOAN CONDUIT NO 16 LLC

801 NICOLLET MALL SUITE 1700W
MINNEAPOLIS,MN55402
27-1656769 		COMMUNITY DEVELOPMENT DE COMMUNITY REINVESTMENT FUND
  		RELATED       No   Yes   0.010 %
(5) BUSINESS LOAN CONDUIT NO 18 LLC

801 NICOLLET MALL SUITE 1700W
MINNEAPOLIS,MN55402
45-2934614 		COMMUNITY DEVELOPMENT DE COMMUNITY REINVESTMENT FUND
  		RELATED       No   Yes   0.010 %
(6) BUSINESS LOAN CONDUIT NO 19 LLC

801 NICOLLET MALL SUITE 1700W
MINNEAPOLIS,MN55402
45-2934736 		COMMUNITY DEVELOPMENT DE COMMUNITY REINVESTMENT FUND
  		RELATED       No   Yes   0.010 %
(7) BUSINESS LOAN CONDUIT NO 20 LLC

801 NICOLLET MALL SUITE 1700W
MINNEAPOLIS,MN55402
45-2934835 		COMMUNITY DEVELOPMENT DE COMMUNITY REINVESTMENT FUND
  		RELATED       No   Yes   0.010 %
(8) BUSINESS LOAN CONDUIT NO 21 LLC

801 NICOLLET MALL SUITE 1700W
MINNEAPOLIS,MN55402
45-2934956 		COMMUNITY DEVELOPMENT DE COMMUNITY REINVESTMENT FUND
  		RELATED       No   Yes   0.010 %
(9) BUSINESS LOAN CONDUIT NO 22 LLC

801 NICOLLET MALL SUITE 1700W
MINNEAPOLIS,MN55402
45-2935036 		COMMUNITY DEVELOPMENT DE COMMUNITY REINVESTMENT FUND
  		RELATED       No   Yes   0.010 %
(10) BUSINESS LOAN CONDUIT NO 23 LLC

801 NICOLLET MALL SUITE 1700W
MINNEAPOLIS,MN55402
46-1414743 		COMMUNITY DEVELOPMENT DE COMMUNITY REINVESTMENT FUND
  		RELATED 9 492   No   Yes   0.010 %
(11) BUSINESS LOAN CONDUIT NO 24 LLC

801 NICOLLET MALL SUITE 1700W
MINNEAPOLIS,MN55402
46-1420143 		COMMUNITY DEVELOPMENT DE COMMUNITY REINVESTMENT FUND
  		RELATED       No   Yes   0.010 %
(12) BUSINESS LOAN CONDUIT NO 25 LLC

801 NICOLLET MALL SUITE 1700W
MINNEAPOLIS,MN55402
46-1440227 		COMMUNITY DEVELOPMENT DE COMMUNITY REINVESTMENT FUND
  		RELATED       No   Yes   0.010 %
(13) BUSINESS LOAN CONDUIT NO 26 LLC

801 NICOLLET MALL SUITE 1700W
MINNEAPOLIS,MN55402
46-1450685 		COMMUNITY DEVELOPMENT DE COMMUNITY REINVESTMENT FUND
  		RELATED 14 1,711   No   Yes   0.010 %
(14) BUSINESS LOAN CONDUIT NO 27 LLC

801 NICOLLET MALL SUITE 1700W
MINNEAPOLIS,MN55402
46-1458369 		COMMUNITY DEVELOPMENT DE COMMUNITY REINVESTMENT FUND
  		RELATED 9 1,443   No   Yes   0.010 %
(15) BUSINESS LOAN CONDUIT NO 28 LLC

801 NICOLLET MALL SUITE 1700W
MINNEAPOLIS,MN55402
46-1467262 		COMMUNITY DEVELOPMENT DE COMMUNITY REINVESTMENT FUND
  		RELATED 11 833   No   Yes   0.010 %
(16) BUSINESS LOAN CONDUIT NO 29 LLC

801 NICOLLET MALL SUITE 1700W
MINNEAPOLIS,MN55402
46-1477071 		COMMUNITY DEVELOPMENT DE COMMUNITY REINVESTMENT FUND
  		RELATED 7 882   No   Yes   0.010 %
(17) BUSINESS LOAN CONDUIT NO 30 LLC

801 NICOLLET MALL SUITE 1700W
MINNEAPOLIS,MN55402
46-1486451 		COMMUNITY DEVELOPMENT DE COMMUNITY REINVESTMENT FUND
  		RELATED 15 1,231   No   Yes   0.010 %
(18) BUSINESS LOAN CONDUIT NO 31 LLC

801 NICOLLET MALL SUITE 1700W
MINNEAPOLIS,MN55402
81-3617299 		COMMUNITY DEVELOPMENT DE COMMUNITY REINVESTMENT FUND
  		RELATED 14 1,732   No   Yes   0.010 %
(19) BUSINESS LOAN CONDUIT NO 32 LLC

801 NICOLLET MALL SUITE 1700W
MINNEAPOLIS,MN55402
81-3634010 		COMMUNITY DEVELOPMENT DE COMMUNITY REINVESTMENT FUND
  		RELATED 8 850   No   Yes   0.010 %
(20) BUSINESS LOAN CONDUIT NO 33 LLC

801 NICOLLET MALL SUITE 1700W
MINNEAPOLIS,MN55402
81-3647185 		COMMUNITY DEVELOPMENT DE COMMUNITY REINVESTMENT FUND
  		RELATED 17 578   No   Yes   0.010 %
(21) BUSINESS LOAN CONDUIT NO 34 LLC

801 NICOLLET MALL SUITE 1700W
MINNEAPOLIS,MN55402
81-3661131 		COMMUNITY DEVELOPMENT DE COMMUNITY REINVESTMENT FUND
  		RELATED 17 1,920   No   Yes   0.010 %
(22) BUSINESS LOAN CONDUIT NO 35 LLC

801 NICOLLET MALL SUITE 1700W
MINNEAPOLIS,MN55402
81-3674447 		COMMUNITY DEVELOPMENT DE COMMUNITY REINVESTMENT FUND
  		RELATED 11 562   No   Yes   0.010 %
(23) BUSINESS LOAN CONDUIT NO 36 LLC

801 NICOLLET MALL SUITE 1700W
MINNEAPOLIS,MN55402
81-3686854 		COMMUNITY DEVELOPMENT DE COMMUNITY REINVESTMENT FUND
  		RELATED 13 625   No   Yes   0.010 %
(24) BUSINESS LOAN CONDUIT NO 37 LLC

801 NICOLLET MALL SUITE 1700W
MINNEAPOLIS,MN55402
81-3703301 		COMMUNITY DEVELOPMENT DE COMMUNITY REINVESTMENT FUND
  		RELATED 8 233   No   Yes   0.010 %
(25) BUSINESS LOAN CONDUIT NO 38 LLC

801 NICOLLET MALL SUITE 1700W
MINNEAPOLIS,MN55402
81-3725330 		COMMUNITY DEVELOPMENT DE COMMUNITY REINVESTMENT FUND
  		RELATED       No   Yes   100.000 %
(26) BUSINESS LOAN CONDUIT NO 39 LLC

801 NICOLLET MALL SUITE 1700W
MINNEAPOLIS,MN55402
81-3749405 		COMMUNITY DEVELOPMENT DE COMMUNITY REINVESTMENT FUND
  		RELATED       No   Yes   100.000 %
(27) BUSINESS LOAN CONDUIT NO 40 LLC

801 NICOLLET MALL SUITE 1700W
MINNEAPOLIS,MN55402
81-3765932 		COMMUNITY DEVELOPMENT DE COMMUNITY REINVESTMENT FUND
  		RELATED       No   Yes   100.000 %
(28) BUSINESS LOAN CONDUIT NO 41 LLC

801 NICOLLET MALL SUITE 1700W
MINNEAPOLIS,MN55402
87-0879735 		COMMUNITY DEVELOPMENT DE COMMUNITY REINVESTMENT FUND
  		RELATED       No   Yes   100.000 %
(29) BUSINESS LOAN CONDUIT NO 42 LLC

801 NICOLLET MALL SUITE 1700W
MINNEAPOLIS,MN55402
87-0903997 		COMMUNITY DEVELOPMENT DE COMMUNITY REINVESTMENT FUND
  		RELATED       No   Yes   100.000 %
(30) BUSINESS LOAN CONDUIT NO 43 LLC

801 NICOLLET MALL SUITE 1700W
MINNEAPOLIS,MN55402
87-0926307 		COMMUNITY DEVELOPMENT DE COMMUNITY REINVESTMENT FUND
  		RELATED       No   Yes   100.000 %
(31) BUSINESS LOAN CONDUIT NO 44 LLC

801 NICOLLET MALL SUITE 1700W
MINNEAPOLIS,MN55402
87-0965807 		COMMUNITY DEVELOPMENT DE COMMUNITY REINVESTMENT FUND
  		RELATED       No   Yes   100.000 %
(32) BUSINESS LOAN CONDUIT NO 45 LLC

801 NICOLLET MALL SUITE 1700W
MINNEAPOLIS,MN55402
87-0983644 		COMMUNITY DEVELOPMENT DE COMMUNITY REINVESTMENT FUND
  		RELATED       No   Yes   100.000 %
(33) BUSINESS LOAN CONDUIT NO 46 LLC

801 NICOLLET MALL SUITE 1700W
MINNEAPOLIS,MN55402
87-1024794 		COMMUNITY DEVELOPMENT DE COMMUNITY REINVESTMENT FUND
  		RELATED       No   Yes   100.000 %
(34) BUSINESS LOAN CONDUIT NO 47 LLC

801 NICOLLET MALL SUITE 1700W
MINNEAPOLIS,MN55402
87-1043600 		COMMUNITY DEVELOPMENT DE COMMUNITY REINVESTMENT FUND
  		RELATED       No   Yes   100.000 %
(35) BUSINESS LOAN CONDUIT NO 48 LLC

801 NICOLLET MALL SUITE 1700W
MINNEAPOLIS,MN55402
87-1056855 		COMMUNITY DEVELOPMENT DE COMMUNITY REINVESTMENT FUND
  		RELATED       No   Yes   100.000 %
(36) BUSINESS LOAN CONDUIT NO 49 LLC

801 NICOLLET MALL SUITE 1700W
MINNEAPOLIS,MN55402
87-1078384 		COMMUNITY DEVELOPMENT DE COMMUNITY REINVESTMENT FUND
  		RELATED       No   Yes   100.000 %
(37) BUSINESS LOAN CONDUIT NO 50 LLC

801 NICOLLET MALL SUITE 1700W
MINNEAPOLIS,MN55402
87-1106150 		COMMUNITY DEVELOPMENT DE COMMUNITY REINVESTMENT FUND
  		RELATED       No   Yes   100.000 %
(38) RURALWORKS PARTNERS LLC

801 NICOLLET MALL SUITE 1700W
MINNEAPOLIS,MN55402
87-1479654 		COMMUNITY DEVELOPMENT DE COMMUNITY REINVESTMENT FUND
  		RELATED -85,756 79,605   No   Yes   50.000 %
(39) RURALWORKS GENERAL PARTNER 1 LLC

801 NICOLLET MALL SUITE 1700W
MINNEAPOLIS,MN55402
87-0920190 		COMMUNITY DEVELOPMENT DE COMMUNITY REINVESTMENT FUND
  		RELATED       No   Yes   50.000 %
(40) RURALWORKS IMPACT PARTNERS 1 LP

801 NICOLLET MALL SUITE 1700W
MINNEAPOLIS,MN55402
87-0942935 		COMMUNITY DEVELOPMENT DE COMMUNITY REINVESTMENT FUND
  		RELATED       No   Yes   50.000 %
(41) RURALWORKS CARRY 1 LP

801 NICOLLET MALL SUITE 1700W
MINNEAPOLIS,MN55402
87-3971837 		COMMUNITY DEVELOPMENT DE COMMUNITY REINVESTMENT FUND
  		RELATED       No   Yes   50.000 %
Part IV
Identification of Related Organizations Taxable as a Corporation or Trust. Complete if the organization answered "Yes" on Form 990, Part IV, line 34 because it had one or more related organizations treated as a corporation or trust during the tax year.
(a)
Name, address, and EIN of
related organization
 		(b)
Primary activity
 		(c)
Legal
domicile
(state or foreign
country)
 		(d)
Direct controlling
entity
 		(e)
Type of entity
(C corp, S corp,
or trust) 		(f)
Share of total income
 		(g)
Share of end-of-year
assets
 		(h)
Percentage
ownership
 		(i)
Section 512(b)(13) controlled entity?
Yes No
(1) NATIONAL NEW MARKET TAX CREDIT

801 NICOLLET MALL SUITE 1700W
MINNEAPOLIS,MN55402
75-3013049 		URBAN DEVELOPMENT DE CRF INC
  		C     100.000 % Yes  
(2) IGNIFY TECHNOLOGIES INC

801 NICOLLET MALL SUITE 1700W
MINNEAPOLIS,MN55402
85-3604884 		SOFTWARE AS A SERVICE - THIS ENTITY WAS SOLD JUNE 9, 2023. DE CRF INC
  		C -3,638,218       No










Schedule R (Form 990) 2021
Schedule R (Form 990) 2021
Page 3
Part V
Transactions With Related Organizations. Complete if the organization answered "Yes" on Form 990, Part IV, line 34, 35b, or 36.
Note. Complete line 1 if any entity is listed in Parts II, III, or IV of this schedule.
Yes
No
1 During the tax year, did the orgranization engage in any of the following transactions with one or more related organizations listed in Parts II-IV?
a Receipt of (i) interest, (ii) annuities, (iii) royalties, or (iv) rent from a controlled entity .....................
1a
 
No
b Gift, grant, or capital contribution to related organization(s) ............................
1b
 
No
c Gift, grant, or capital contribution from related organization(s) ............................
1c
 
No
d Loans or loan guarantees to or for related organization(s) ............................
1d
 
No
e Loans or loan guarantees by related organization(s) ............................
1e
 
No
f Dividends from related organization(s) ............................
1f
 
No
g Sale of assets to related organization(s) ............................
1g
 
No
h Purchase of assets from related organization(s) ............................
1h
 
No
i Exchange of assets with related organization(s) ............................
1i
 
No
j Lease of facilities, equipment, or other assets to related organization(s) .......................
1j
Yes
 
k Lease of facilities, equipment, or other assets from related organization(s) ......................
1k
 
No
l Performance of services or membership or fundraising solicitations for related organization(s) .....................
1l
 
No
m Performance of services or membership or fundraising solicitations by related organization(s) .................
1m
Yes
 
n Sharing of facilities, equipment, mailing lists, or other assets with related organization(s) ...................
1n
 
No
o Sharing of paid employees with related organization(s) ............................
1o
 
No
p Reimbursement paid to related organization(s) for expenses ............................
1p
 
No
q Reimbursement paid by related organization(s) for expenses ............................
1q
 
No
r Other transfer of cash or property to related organization(s) ............................
1r
 
No
s Other transfer of cash or property from related organization(s) ............................
1s
 
No
2
If the answer to any of the above is "Yes," see the instructions for information on who must complete this line, including covered relationships and transaction thresholds.
(a)
Name of related organization 		(b)
Transaction
type (a-s) 		(c)
Amount involved 		(d)
Method of determining amount involved
(1) IGNIFY TECHNOLOGIES INC

 M 168,140 ARMS-LENGTH





Schedule R (Form 990) 2021
Schedule R (Form 990) 2021
Page 4
Part VI
Unrelated Organizations Taxable as a Partnership. Complete if the organization answered "Yes" on Form 990, Part IV, line 37.
Provide the following information for each entity taxed as a partnership through which the organization conducted more than five percent of its activities (measured by total assets or gross revenue) that was not a related organization. See instructions regarding exclusion for certain investment partnerships.
(a)
Name, address, and EIN of entity 		(b)
Primary activity 		(c)
Legal domicile
(state or foreign
country) 		(d)
Predominant income (related, unrelated, excluded from tax under sections 512-514)

(e)
Are all partners
section
501(c)(3)
organizations? 		(f)
Share of total income




 		(g)
Share of
end-of-year
assets 		(h)
Disproprtionate allocations? 		(i)
Code V-UBI
amount in box 20
of Schedule K-1
(Form 1065) 		(j)
General or
managing
partner? 		(k)
Percentage
ownership
Yes No Yes No Yes No






























Schedule R (Form 990) 2021
Schedule R (Form 990) 2021
Page 5
Part VII
Supplemental Information
Provide additional information for responses to questions on Schedule R. See instructions.
Return Reference Explanation
Schedule R (Form 990) 2021

Additional Data


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