Community Action Financial Institute
- Assets
- $1.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Washington, DC
- Founding
- 09/2011
- Data as of
- 12/2019
- EIN
- 45-1658228
Organization Overview
Community Action Financial Institute is located in Washington, DC. The organization was established in 2011. According to its NTEE Classification (W22) the organization is classified as: Public Finance, Taxation & Monetary Policy, under the broad grouping of Public & Societal Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Community Action Financial Institute is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2019, Community Action Financial Institute generated $36.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (17.8%) each year. All expenses for the organization totaled $17.7k during the year ending 12/2019. As we would expect to see with falling revenues, expenses have declined by (33.1%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2019
Describe the Organization's Program Activity:
Part 3
TO PROMOTE COMMUNITY DEVELOPMENT BY PROVIDING ASSISTANCE, INCLUDING WITHOUT LIMITATIONS LOANS AND OTHER FORMS OF DEBT OR EQUITY FINANCING, DIRECTED TOWARD IMPROVING THE SOCIAL OR ECONOMIC CONDITIONS OF LOW INCOME INDIVIDUALS, INDIVIDUALS THAT LACK ADEQUATE ACCESS TO CAPITAL OR FINANCIAL SERVICES, UNDERSERVED PEOPLE OR COMMUNITIES, OR RESIDENTS OF DISTRESSED COMMUNITIES, AS WELL AS TO PROVIDE MANAGEMENT GUIDANCE IN THE EFFECTIVE OPERATION OF SUCH ENTERPRISES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rob Goldsmith Chair | 0.25 | $0 | |
Elizabeth Steinberg Secretary | 0.25 | $0 | |
Brad Manning Treasurer | 0.25 | $0 | |
Doug Brown Board Member | 0.25 | $0 | |
Paul Dole Board Member | 0.25 | $0 | |
Aaron Franklin Board Member | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $6,521 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $30,229 |
| Total Revenue | $36,750 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $314 |
| Professional fees and other payments to independent contractors | $1,438 |
| Occupancy, rent, utilities, and maintenance | $91 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $15,905 |
| Total expenses | $17,748 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $0 |
| Other assets | $0 |
| Total assets | $1,066 |
| Total liabilities | $0 |
| Net assets or fund balances | $1,066 |