Community Reinvestment Fund, USA
Legal name: Community Reinvestment Fund Inc
Nonprofit profile at a glance
- EIN
- 411616861
- IRS 990 coverage
- 2009–2024
- Official website data refreshed
- Sep 2026
- Forms available
- Form 990 2024, Form 990-T 2024
- Location
- Minneapolis, Minnesota, USA
- Phone
- 800.475.3050
- Rating
- 78
- Verdict
- SUPPORTED
- Rating confidence
- Standard
- Sector
- Urban, Community Economic Development
Reported finances
- Revenue
- $46,782,310
- Expenses
- $31,421,112
- Assets
- $199,070,542
- Liabilities
- $105,461,967
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
34 people listed
Executive titles in this filing
- MATTHEW ROTH (CEO & PRESIDENT)
Highest reported compensation
- MATTHEW ROTH (CEO & PRESIDENT): $565,843 total reported compensation
- JENNIFER NOVAK (SVP CDFI FUND PROGRAMS): $313,846 total reported compensation
- ALEXIS DISHMAN (SVP CHIEF LENDING OFFICER): $276,358 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To expand economic opportunity by reimagining the way capital and resources flow to small businesses and communities.
What it reported doing in 2024
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 guarantee program. During the fiscal year 2025, crf provided financing totaling $72 million to small businesses via direct lending and also issued $325 million via bgp, leading to the creation or retention of over 2,900 jobs.
Operating model
- Revenue model
- Donor-supported. 61% of the money available for current operations came from contributions and gifts.
- Distribution model
- Direct operator. The filing allocates 99% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - A large share of total spending goes to programs and the filed numbers largely add up. A relatively small share of available resources goes toward mission work and assets have declined or grown slowly.
Rating breakdown
- Financial Efficiency: 65
- Transparency & Controls: 84
- Accountability: 96
- Sustainability: 72
- Growth: 80
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 53.7%; rating input score 54
- Program expense ratio: 80%; rating input score 80
- Fundraising efficiency: $51.43 raised per $1 spent on fundraising; rating input score 76; 76th percentile among comparable filings
Transparency & Controls
- Consistency checks: 91.7%; rating input score 92; 6th percentile among comparable filings
- Pay-setting controls: 3 of 6 controls in place; rating input score 50
- Compensation committee: Missing
- Independent consultant: Pass
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Pass
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 93.8%; rating input score 94; 27th percentile among comparable filings
- Governance controls: 9 of 9 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 32.8%; rating input score 89; 89th percentile among comparable filings
- Total-asset coverage ratio: 6.34; rating input score 87; 87th percentile among comparable filings
- Liabilities to assets ratio: 0.53; rating input score 27; 27th percentile among comparable filings
- Officer compensation ratio: 13.2%; rating input score 11; 11th percentile among comparable filings
Growth
- Program expense growth: 4.1% per year; rating input score 100; 35th percentile among comparable filings
- Revenue growth: 4.2% per year; rating input score 100; 36th percentile among comparable filings
- Asset growth: -3.2% per year; rating input score 0; 4th percentile among comparable filings
Details
- What they do: 11 programs and campaigns described on the official site · 1 operating location identified
- Where the money goes: 53.7% of revenue deployed · 80% of spending went to programs
- Governance: 15 of 16 board members independent · 9 of 9 filing controls reported
- Programs: 3 filed program accomplishments · $25.1M in reported program spending
- Leadership: top reported pay $566K · 34 people listed · 3 of 6 pay-setting controls reported
- Highest-paid contractors: 3 contractors listed · $681K reported
- Consistency: 34 of 35 current checks pass · 1 finding to review
- Schedules: 8 filed schedules · includes major donors, grants, and executive pay
- Filing history: 16 filing years from 2009 to 2024
- Contacts: How to reach this organization
- Money network: 65 filed money-flow records
- Related organizations: 94 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Review — Financial Efficiency: Mission deployment rate scored 54/100.
- High — Growth: Asset growth scored 0/100.
- High — Sustainability: Officer compensation ratio scored 11/100.
- High — Sustainability: Liabilities to assets ratio scored 27/100.
- Review — Transparency & Controls: Schedule R controlled transactions itemized did not reconcile in the filed values.