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EIN 52-1954196

Raza Development Fund

IRS 501(c) type
501(c)(3)
Num. employees
47
City
Phoenix
State
Arizona
Year formed
1996
Most recent tax filings
2023-09-01
NTEE code, primary
P84: Ethnic, Immigrant Centers and Services
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
$26,318,340
2023
Total expenses
$20,725,703
2023
Total assets
$335,227,129
2023
Num. employees
47
2023

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 59.

Grants made by Raza Development Fund

GranteeGrant descriptionAmount
Ella - Empowering Latina Leaders in ArizonaCommunity Development$245,000
Ella - Empowering Latina Leaders in ArizonaCommunity Development$245,000

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
Morgan Stanley Global Impact Funding TrustUnrestricted General Support$32,000

Personnel at Raza Development Fund

NameTitleCompensation
Annie DonovanPresident and Chief Executive Officer
Melissa McDonaldChief People and Operations Officer$324,974
Adrian RuizChief Investment Officer$189,935
Tony LopezChief Financial Officer
Monica BallesterosChief Communications Officer
...and 14 more key personnel

Financials for Raza Development Fund

RevenuesFYE 09/2023
Total grants, contributions, etc.$6,531,097
Program services$17,307,517
Investment income and dividends$1,584,984
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$13,000
Net gain from sale of non-inventory assets$588,000
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$293,742
Total revenues$26,318,340

Form 990s for Raza Development Fund

Fiscal year endingDate received by IRSFormPDF link
2023-092024-08-13990View PDF
2022-092023-08-14990View PDF
2021-092022-08-12990View PDF
2020-092021-08-13990View PDF
2019-092020-10-08990View PDF
...and 10 more Form 990s
Data update history
October 4, 2024
Updated personnel
Identified 9 new personnel
September 30, 2024
Posted financials
Added Form 990 for fiscal year 2023
September 23, 2024
Used new vendors
Identified 1 new vendor, including
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
Nonprofit Types
Human service organizationsEthnic centersChapter / child organizationsCharities
Issues
Human servicesCommunity improvementHispanicBusiness and industry
Characteristics
Receives government fundingTax deductible donationsAccepts online 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
California AB-488 details
AB 488 status
Undetermined
Charity Registration status
Not Registered
FTB status revoked
Not revoked
AG Registration Number
None yet
FTB Entity ID
2536498
AB 488 data last updated ("as-of") date
2024-10-16
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