Economic Justice Fund

Organization Overview

Economic Justice Fund is located in Sacramento, CA. The organization was established in 2018. According to its NTEE Classification (W60) the organization is classified as: Financial Institutions, 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. Economic Justice Fund 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 12/2021, Economic Justice Fund generated $172.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (20.8%) each year. All expenses for the organization totaled $95.5k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (15.5%) per year over the past 2 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO PROVIDE FAIR AND AFFORDABLE FINANCING AND FINANCIAL DEVELOPMENT SERVICES FOR THE ECONOMIC EMPOWERMENT OF UNDERREPRESENTED, LOW-INCOME BORROWERS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE ECONOMIC JUSTICE FUND IS A MISSION-DRIVEN COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION DEDICATED TO PROVIDING FAIR, AFFORDABLE FINANCING AND FREE DEVELOPMENT SERVICES TO EMPOWER BORROWERS TO REALIZE THEIR DREAMS. IN 2021, EJF MADE 41 LOANS AND PROVIDED 95% OF FINANCING TO LOW-, VERY-LOW-, AND EXTREMELY-LOW-INCOME BORROWERS. WE MADE 36% OF OUR LOANS TO VERY-LOW-INCOME BORROWERS AND 29% TO EXTREMELY-LOW-INCOME BORROWERS.


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Board, Officers & Key Employees

Name (title)Compensation
Scott Berman
President
$0
Donna Gambrell
Vice President
$0
Ruth Jaure
Treasurer
$0
Jeff Berg
Secretary
$0
Abigail Suarez
Director
$0
Olivia Rebanal
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $140,000
All other contributions, gifts, grants, and similar amounts not included above$17,099
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$157,099
Total Program Service Revenue$14,915
Investment income $0
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $172,014

Endowment Analysis

Net Contributions$140,000
Other Expense$95,450
Ending Balance$44,550

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