Impact Development Fund
- Assets
- $126.2m
- Revenue
- $13.0m
- Investments
- $0.0
- Employees
- 50
- Location
- Loveland, CO
- Founding
- 11/1999
- Data as of
- 12/2023
- 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 12/2023, Impact Development Fund employed 50 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 12/2023, Impact Development Fund generated $13.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 48.9% each year . All expenses for the organization totaled $7.1m during the year ending 12/2023. While expenses have increased by 28.5% 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
2023
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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Becky Christoffersen President | OfficerTrustee | 1 | $0 |
Javonni Butler Vice President | OfficerTrustee | 1 | $0 |
Randy Ilich Treasurer | OfficerTrustee | 1 | $0 |
Micah Halverson Secretary | OfficerTrustee | 1 | $0 |
Mark Oconnor Past President | Trustee | 0.5 | $0 |
Kristi Budish Board Member | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $6,365,425 |
| All other contributions, gifts, grants, and similar amounts not included above | $76,461 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,441,886 |
| Total Program Service Revenue | $5,816,590 |
| Investment income | $745,103 |
| 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 | $13,003,579 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $445,186 |
| Compensation of current officers, directors, key employees. | $216,356 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,409,444 |
| Pension plan accruals and contributions | $49,404 |
| Other employee benefits | $213,196 |
| Payroll taxes | $314,696 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,450 |
| Fees for services: Accounting | $46,600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $81,274 |
| Advertising and promotion | $28,986 |
| Office expenses | $88,739 |
| Information technology | $100,908 |
| Royalties | $0 |
| Occupancy | $176,262 |
| Travel | $15,750 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,176 |
| Interest | $1,071,214 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $89,419 |
| All other expenses | $10,349 |
| Total functional expenses | $7,133,076 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $27,619,859 |
| Savings and temporary cash investments | $28,966,861 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $8,957,555 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $57,775,349 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $309,593 |
| Net Land, buildings, and equipment | $2,588,702 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $126,217,919 |
| Accounts payable and accrued expenses | $738,394 |
| Grants payable | $0 |
| Deferred revenue | $3,706,152 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $26,972,419 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $42,644,727 |
| Other liabilities | $28,949,458 |
| Total liabilities | $103,011,150 |
| Net assets without donor restrictions | $23,206,769 |
| Net assets with donor restrictions | $0 |
| 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 | $126,217,919 |