EIN 52-1954196

Raza Development Fund

IRS 501(c) type
501(c)(3)
Num. employees
48
State
Year formed
1996
Most recent tax filings
2022-09-01
Description
The Raza Development Fund invests in the dreams and hopes of Unidos through financing solutions that increase opportunities for the Latino community and low-income families in affordable housing, education, and healthcare. RDF offers lending programs to assist Hispanic agencies, as well as other agencies serving low-income communities, by increasing access to capital, strengthening affiliate relations, and promoting economic and financial literacy at the agency level.
Related structure
Raza Development Fund is a subordinate organization under UnidosUS.
Total revenues
$48,137,884
2022
Total expenses
$24,595,544
2022
Total assets
$296,838,353
2022
Num. employees
48
2022

Program areas at Raza Development Fund

Loan Fund programs: lending programs to assist hispanic agencies as well as other agencies serving low income communities by increasing access to capital, strengthening affiliate relations and promote economic and financial literacy at the agency level. Loans approved 89.

Grants made by Raza Development Fund

GranteeGrant descriptionAmount
Comite de BienestarCommunity Development$500,000
Ten North GroupCommunity Development$500,000
Visionary Home Builders of CaliforniaCommunity Development$500,000
...and 21 more grants made totalling $3,655,000

Who funds Raza Development Fund

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Opportunity Finance Network (OFN)Ofn Cdfi Tech Grant Program Supported By Google.org$250,000
The Bank of America Charitable FoundationProgram/operating Support$50,000
Morgan Stanley Global Impact Funding TrustUnrestricted General Support$32,000
...and 1 more grant received

Personnel at Raza Development Fund

NameTitleCompensation
Mary Ann DonovanPresident and Chief Executive Officer$0
Melissa McDonaldChief Operating Officer / Director of Specialty Finance$282,920
Tony LopezChief Financial Officer
Catherine KesDirector - Specialty Finance$132,694
Juan MadridController$165,252
...and 9 more key personnel

Financials for Raza Development Fund

RevenuesFYE 09/2022
Total grants, contributions, etc.$29,486,500
Program services$18,238,050
Investment income and dividends$279,354
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$133,980
Total revenues$48,137,884

Form 990s for Raza Development Fund

Fiscal year endingDate received by IRSFormPDF link
2022-092023-08-14990View PDF
2021-092022-08-12990View PDF
2020-092021-08-13990View PDF
2019-092020-10-08990View PDF
2018-092019-10-04990View PDF
...and 9 more Form 990s

Organizations like Raza Development Fund

OrganizationLocationRevenue
Cook Inlet Tribal Council (CITC)Anchorage, AK$82,311,740
Copper River Native AssociationCopper Center, AK$28,603,560
Greenwich HouseNew York, NY$19,629,322
Kodiak Area Native AssociationKodiak, AK$51,664,455
Neighborhood House Association (NHA)San Diego, CA$106,302,705
Polynesian Cultural CenterLaie, HI$61,032,158
Acacia NetworkBronx, NY$83,365,801
Catholic Charities Community ServicesPhoenix, AZ$46,306,530
Catholic Charities of Los AngelesLos Angeles, CA$54,467,713
Comunidades Latinas Unidas En Servicio (CLUES)Saint Paul, MN$16,008,560
Data update history
November 27, 2023
Received grants
Identified 1 new grant, including a grant for $250,000 from Opportunity Finance Network (OFN)
October 10, 2023
Updated personnel
Identified 1 new personnel
October 9, 2023
Posted financials
Added Form 990 for fiscal year 2022
September 28, 2023
Used new vendors
Identified 1 new vendor, including
August 21, 2023
Posted financials
Added Form 990 for fiscal year 2021
Nonprofit Types
Human service organizationsEthnic centersChapter / child organizationsCharities
Issues
Human servicesCommunity improvementHispanicBusiness and industry
Characteristics
Receives government fundingProvides scholarshipsTax deductible donations
General information
Address
410 E Southern Ave
Phoenix, AZ 85040
Metro area
Phoenix-Mesa-Chandler, AZ
County
Maricopa County, AZ
Website URL
razafund.org/phx/ 
Phone
(602) 417-1400
Facebook page
razadevelopmentfund 
IRS details
EIN
52-1954196
Fiscal year end
September
Taxreturn type
Form 990
Year formed
1996
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
P84: Ethnic, Immigrant Centers and Services
NAICS code, primary
522120: Savings Institutions
Parent/child status
Subordinate organization
Free account sign-up

Want updates when Raza Development Fund has new information, or want to find more organizations like Raza Development Fund?

Create free Cause IQ account