Program areas at TRF
Lending: encompasses The organization's financing of homes, schools, healthy food retail, healthcare and other projects that benefit low-wealth people and places and is The core lending function of The organization.
Capacity building & capital access: uses grants and technical assistance to make access to capital more equitable for low-wealth individuals and communities, particularly in The areas of early childhood education, food and social determinants of health.
Policy solutions: conducts policy, data analysis and social impact analyses that advance Reinvestment Fund, inc.'s mission and effect system change, on behalf of Reinvestment Fund, Inc. as well as public and philanthropic clients.
Sustainable development Fund ("sdf"): represents an energy-related Fund that uses loans, investments and grants to augment The organization's existing energy conservation and community investing efforts. Sdf was created by The parties to The peco energy company ("peco energy") restructuring and approved by The Pennsylvania public utility commission ("puc") in may 1998.
Who funds The Reinvestment Fund (TRF)
Grants from foundations and other nonprofits
Personnel at TRF
| Name | Title | Compensation | Date of data |
|---|
| Donald Hinkle-Brown | Chief Executive Officer | $692,683 | 2023-10-05 |
| Cheila Fernandez | Chief Operating Officer | $312,725 | 2023-07-27 |
| Michael Crist | Chief Financial Officer | $385,782 | 2023-05-02 |
| Nancy Wagner-Hislip | Chief Investment Officer | $328,335 | 2023-07-27 |
| Barry Porozni | Chief Information Officer | $232,663 | 2021-12-31 |
| ...and 61 more key personnel |
Financials for TRF
| Revenues | FYE 12/2022 | FYE 12/2021 | % Change |
|---|
| Total grants, contributions, etc. | $21,896,101 | $11,761,710 | 86.2% |
| Program services | $33,765,301 | $31,093,053 | 8.6% |
| Investment income and dividends | $1,544,705 | $1,281,354 | 20.6% |
| Tax-exempt bond proceeds | $0 | $0 | - |
| Royalty revenue | $0 | $0 | - |
| Net rental income | $0 | $0 | - |
| Net gain from sale of non-inventory assets | $-3,965,575 | $-1,655,689 | -139.5% |
| Net income from fundraising events | $0 | $0 | - |
| Net income from gaming activities | $0 | $0 | - |
| Net income from sales of inventory | $0 | $0 | - |
| Miscellaneous revenues | $1,237,693 | $2,144,024 | -42.3% |
| Total revenues | $54,478,225 | $44,624,452 | 22.1% |
Organizations like TRF
| Organization | Type | Location | Revenue |
|---|
| The national Development council | 501(c)(3) | New York, NY | $35,945,507 |
| Low Income Investment Fund (LIIF) | 501(c)(3) | San Francisco, CA | $61,156,061 |
| New Hampshire Community Loan Fund | 501(c)(3) | Concord, NH | $14,740,663 |
| Colorado Enterprise Fund (CEF) | 501(c)(3) | Denver, CO | $16,879,154 |
| Community Reinvestment Fund (CRF) | 501(c)(3) | Minneapolis, MN | $38,368,250 |
| Calvert Impact Capital (CIC) | 501(c)(3) | Bethesda, MD | $30,134,256 |
| Chicago Community Loan Fund (CCLF) | 501(c)(3) | Chicago, IL | $14,555,763 |
| Accion Opportunity Fund Community Development | 501(c)(3) | San Jose, CA | $58,948,332 |
| Community Loan Fund of New Jersey | 501(c)(3) | New Brunswick, NJ | $18,328,900 |
| Mission Economic Development Agency (MEDA) | 501(c)(3) | San Francisco, CA | $26,896,587 |
Data update history
November 30, 2023
Posted financials
Added Form 990 for fiscal year 2022
November 29, 2023
Updated personnel
Identified 3 new personnel
November 26, 2023
Used new vendors
Identified 5 new vendors, including , , , , and
September 24, 2023
Received grants
Identified 1 new grant, including a grant for $357,500 from Capital One Foundation Nonprofit Types
Business and community development organizationsCommunity Development Financial InstitutionsHeadquarter / parent organizationsCharities
Issues
Community improvementEconomic development
Characteristics
LobbyingNational levelReceives government fundingTax deductible donations
General information
- Address
- 1700 Market St 19th Floor
- Philadelphia, PA 19103
- Metro area
- Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
- County
- Philadelphia County, PA
- Website URL
- reinvestment.com/Â
- Phone
- (215) 574-5800
- Facebook page
- TRFundÂ
- Twitter profile
- @trfundÂ
IRS details
- EIN
- 23-2331946
- Fiscal year end
- December
- Taxreturn type
- Form 990
- Year formed
- 1985
- Eligible to receive tax-deductible contributions (Pub 78)
- Yes
Categorization
- NTEE code, primary
- S31: Urban, Community Economic Development
- NAICS code, primary
- 522120: Savings Institutions
- Parent/child status
- Central organization
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