Program areas at CFR
Education: Community Financial Resources (CFR) provides pathways to financial well-being and economic justice with safe and reliable financial products for low-wealth communities. CFR accelerated our efforts in 2023 to achieve the following milestones: empowered 3,630 low-income, low-wealth participants to open bank accounts; over $26 million deposited on more than 8,900 accounts; launched a direct-to-consumer version of MoneyGoals, introducing Rosie the virtual coach; and made significant investments in CFRs technical capabilities and infrastructure, as well as hiring new staff positions.
Guaranteed Income: CFR partnered with 24 Guaranteed Income programs nationwide, processing over $8.6 million to 1,381 participants, benefiting a diverse array of populations, including first-time moms, high school students, foster youth, artists, refugees escaping domestic violence, black youth, returning citizens, seniors, and families with young children.
Who funds Community Financial Resources (CFR)
Grants from foundations and other nonprofits
| Grantmaker | Grantmaker tax period | Description | Amount |
|---|
| the MONARCH FOUNDATION | 2022-12 | The Bridge Project | $247,432 |
| the MONARCH FOUNDATION | 2022-12 | The Bridge Project Year 1 | $233,089 |
| The Chicago Community Trust | 2022-09 | Support To Provide Pathways To Financial Well-Being Through Products, Tools, and Capacity Building That Improve Financial Stability, Protect Assets, and Establish A Foundation To Build Wealth for Low-Income, Low-Wealth Households, With A Focus on Communities of Color. | $200,000 |
| ...and 8 more grants received |
Personnel at CFR
| Name | Title | Compensation | Date of data |
|---|
| Parisa Esmaili | Executive Director | $117,778 | 2023-07-18 |
| Carol Iascone | Director of Product Operations | | 2022-11-23 |
| Pat Krackov | Secretary | $0 | 2022-12-31 |
| Kendall Baker | President and Treasurer | $0 | 2022-12-31 |
| David Derryck | President | $0 | 2022-12-31 |
| ...and 1 more key personnel |
Financials for CFR
| Revenues | FYE 12/2023 | FYE 12/2022 | % Change |
|---|
| Total grants, contributions, etc. | $645,630 | $742,947 | -13.1% |
| Program services | $357,047 | $338,812 | 5.4% |
| Investment income and dividends | $12,808 | $1,426 | 798.2% |
| Tax-exempt bond proceeds | $0 | $0 | - |
| Royalty revenue | $0 | $0 | - |
| Net rental income | $0 | $0 | - |
| Net gain from sale of non-inventory assets | $0 | $0 | - |
| Net income from fundraising events | $0 | $0 | - |
| Net income from gaming activities | $0 | $0 | - |
| Net income from sales of inventory | $0 | $0 | - |
| Miscellaneous revenues | $0 | $0 | - |
| Total revenues | $1,015,485 | $1,083,185 | -6.3% |
Organizations like CFR
| Organization | Type | Location | Revenue |
|---|
| The Cares Project | 501(c)(3) | Winston Salem, NC | $424,564 |
| Life Asset | 501(c)(3) | Washington, DC | $2,370,179 |
| Prosperity Connection | 501(c)(3) | Saint Louis, MO | $1,205,723 |
| Jewish Free Loan Chicago (JFLC) | 501(c)(3) | Chicago, IL | $291,799 |
| The Savings Collaborative | 501(c)(3) | Carbondale, CO | $567,976 |
| Milwaukee Jewish Free Loan Association | 501(c)(3) | Milwaukee, WI | $262,457 |
| Lending Link Credit Solutions | 501(c)(3) | Omaha, NE | $1,638,241 |
| Felder Lending Hands | 501(c)(3) | Smyrna, GA | $780,240 |
| Nixyaawii Community Financial Services | 501(c)(3) | Pendleton, OR | $1,237,668 |
| Hawaiian Lending and Investments | 501(c)(3) | Anahola, HI | $485,271 |
Data update history
June 29, 2024
Used new vendors
Identified 1 new vendor, including
August 25, 2023
Posted financials
Added Form 990 for fiscal year 2022
August 23, 2023
Updated personnel
Identified 1 new personnel
Nonprofit Types
Human service organizationsFamily service centersCharities
Issues
Human servicesPublic policy
Characteristics
Receives government fundingTax deductible donationsAccepts online donations
General information
- Address
- 248 3rd St Suite 901-1007
- Oakland, CA 94607
- Metro area
- San Francisco-Oakland-Berkeley, CA
- County
- Alameda County, CA
- Website URL
- communityfinancialresources.org/Â
- Phone
- (510) 559-8638
IRS details
- EIN
- 20-3788598
- Fiscal year end
- December
- Taxreturn type
- Form 990
- Year formed
- 2005
- Eligible to receive tax-deductible contributions (Pub 78)
- Yes
Categorization
- NTEE code, primary
- P50: Personal Social Services
- NAICS code, primary
- 522120: Savings Institutions
- Parent/child status
- Independent
Free account sign-up
Want updates when CFR has new information, or want to find more organizations like Community Financial Resources (CFR)?
Create free Cause IQ account