Impact Development Fund
- Assets
- $94.2m
- Revenue
- $8.0m
- Investments
- $0.0
- Employees
- 15
- Location
- Loveland, CO
- Founding
- 11/1999
- Data as of
- 12/2021
- EIN
- 84-1505466
Organization Overview
Impact Development Fund is located in Loveland, CO. The organization was established in 1999. According to its NTEE Classification (L12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Housing & Shelter and related organizations. As of 12/2021, Impact Development Fund employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Impact Development 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, Impact Development Fund generated $8.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 36.2% each year . All expenses for the organization totaled $4.0m during the year ending 12/2021. While expenses have increased by 24.5% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDES LOANS FOR AFFORDABLE HOUSING AND NONPROFIT FACILITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IMPACT DEVELOPMENT FUND PROVIDES EARLY STAGE, SHORT-TERM LOANS TO AFFORDABLE HOUSING, NON-PROFIT COMMUNITY FACILITIES, AND NEIGHBORHOOD REVITALIZATION PROJECT DEVELOPERS THROUGHOUT THE STATE OF COLORADO.
IMPACT DEVELOPMENT FUND PROVIDES TECHNICAL ASSISTANCE TO NON-PROFIT AFFORDABLE HOUSING AND COMMUNITY SERVICE ORGANIZATIONS PLANNING TO RENOVATE, ACQUIRE, BUILD AND/OR EXPAND REAL ESTATE. THE TECHNICAL ASSISTANCE IS PROVIDED THROUGH WORKSHOPS AND ONE-ON-ONE CONSULTATION.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sean Doherty Executive Director | Officer | 40 | $161,577 |
Megan Ferguson Operations Director | 40 | $124,871 | |
Scott Horton President (thru 12/21) | OfficerTrustee | 1 | $0 |
Mark O'connor Vice President | OfficerTrustee | 1 | $0 |
Debra Bustos Secretary | OfficerTrustee | 1 | $0 |
Randy Ilich Treasurer | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $4,030,267 |
| All other contributions, gifts, grants, and similar amounts not included above | $892,532 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,922,799 |
| Total Program Service Revenue | $2,984,419 |
| Investment income | $65,436 |
| 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 | $7,972,654 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $4,750 |
| Grants and other assistance to domestic individuals. | $640,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $190,249 |
| Compensation of current officers, directors, key employees. | $39,001 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $716,008 |
| Pension plan accruals and contributions | $18,060 |
| Other employee benefits | $90,131 |
| Payroll taxes | $87,250 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,150 |
| Fees for services: Accounting | $47,600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $64,250 |
| Advertising and promotion | $7,453 |
| Office expenses | $66,105 |
| Information technology | $69,794 |
| Royalties | $0 |
| Occupancy | $67,893 |
| Travel | $5,317 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,777 |
| Interest | $926,895 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $23,643 |
| All other expenses | $0 |
| Total functional expenses | $4,020,525 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $34,793,421 |
| Savings and temporary cash investments | $16,227,316 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $830,024 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $40,561,201 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $381,050 |
| Net Land, buildings, and equipment | $1,396,791 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $94,189,803 |
| Accounts payable and accrued expenses | $598,558 |
| Grants payable | $0 |
| Deferred revenue | $949,015 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $35,361,214 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $27,498,823 |
| Other liabilities | $14,054,171 |
| Total liabilities | $78,461,781 |
| Net assets without donor restrictions | $15,662,772 |
| Net assets with donor restrictions | $65,250 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $94,189,803 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Impact Development Fund has recieved totaling $101,022.
| Awarding Organization | Amount |
|---|---|
The Colorado Health Foundation Denver, CO PURPOSE: CHAMPION HEALTH EQUITY | $78,000 |
Rose Community Foundation Denver, CO PURPOSE: Community Investment Alliance For Community Investment For An Equitable Recovery | $20,000 |
Zions Bancorporation Foundation Salt Lake City, UT PURPOSE: SUPPORT TO PROVIDE AFFORDABLE HOUSING LOANS | $2,500 |
The Colorado Health Foundation Denver, CO PURPOSE: MATCHING CONTRIBUTION TO SUPPORT THE ORGANIZATION AND/OR SPECIFIC PROGRAMS AS IDENTIFIED BY THE EMPLOYEE OR BOARD MEMBER. | $500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $22 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Impact Development Fund Loveland, CO | $94,189,803 | $7,972,654 |
Smc Equipment Inc Stillwater, OK | $13,228,589 | $317,696 |
Tabitha Alf Real Estate Holding Inc Lincoln, NE | $7,372,633 | $661,350 |
Operation Rapid Response Inc Lansing, KS | $31,744 | $536,615 |
Omaha Shelter For Homeless Trust Omaha, NE | $2,869,494 | $382,228 |
Colorado Affordable Catholic Housing Corp Denver, CO | $19,277,681 | $585,133 |
Colorado Association Of Realtors Foundation Englewood, CO | $2,078,935 | $367,779 |
Teton Board Of Realtors Community Housing Fund Jackson, WY | $36,871 | $233,687 |
Blues -N- Bbq For Better Housing Foundation Arvada, CO | $12,570 | $0 |
Nation To Nation Ministries Inc Loveland, CO | $26,912 | $0 |
Building Back The Community Foundation Chandler, AZ | $12,000 | $48,000 |
The Harry And Marjorie Stewart Foundation Tucson, AZ | $484,711 | $37,017 |