Community Finance Corporation
- Assets
- $0.0
- Revenue
- $59.7m
- Investments
- $110.7m
- Employees
- 0
- Location
- Tucson, AZ
- Founding
- 10/1992
- Data as of
- 09/2020
- EIN
- 86-0683138
Organization Overview
Community Finance Corporation is located in Tucson, AZ. The organization was established in 1992. According to its NTEE Classification (T21) the organization is classified as: Corporate Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Community Finance Corporation 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 09/2020, Community Finance Corporation generated $59.7m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (23.4%) each year. All expenses for the organization totaled $59.6m during the year ending 09/2020. As we would expect to see with falling revenues, expenses have declined by (24.4%) per year over the past 3 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Community Finance Corporation has awarded 15 individual grants totaling $295,000. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gary Molenda Des Rep | 2 | $0 | |
Kendall Bert Secretary | 1 | $0 | |
Michael Hammond President | 2 | $0 | |
Kathleen Perkins Vice-Preside | 1 | $0 | |
Michael Arnold Treasurer | 1 | $0 | |
Kenneth Abrahams Board Member | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Geo Group Inc | 9/29/21 | $3,167,296 |
Geo Group Inc | 9/29/21 | $1,649,611 |
Hunton Andrew Kurth Llp | 9/29/21 | $325,000 |
Monmouth Independence Network Llc | 9/29/21 | $1,061,523 |
Capstone On Campus Management Llc | 9/29/21 | $387,940 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,195 |
| Dividends & Interest | $909,768 |
| Profit on Inventory Sales | $0 |
| Other Income | $818,251 |
| Total Revenue | $59,653,037 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Pension plans, employee benefits | $0 |
| Depreciation | $3,561,013 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Total operating and administrative expenses | $59,403,115 |
| Contributions, gifts, grants paid | $150,000 |
| Total expenses and disbursements | $59,553,115 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $870,261 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Other assets | $15,028,502 |
| Mortgages and other notes payable | $295,149,404 |
| Other liabilities | $23,379,806 |
Grants Awarded
Over the last fiscal year, Community Finance Corporation has awarded $145,000 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
Tucson, AZ PURPOSE: SEE ATTACHED SCHEDULE K | $25,000 |
UA-COLLEGE OF ENGINEERING PURPOSE: SEE ATTACHED SCHEDULE K | $25,000 |
TUCSON UNIFIED SCHOOL DISTRICT PURPOSE: SEE ATTACHED SCHEDULE K | $25,000 |
LEAD GUITAR PURPOSE: SEE ATTACHED SCHEDULE K | $25,000 |
EL GROUPO YOUTH CYCLING PURPOSE: SEE ATTACHED SCHEDULE K | $25,000 |
JEWISH COMMUNITY CENTER OF PURPOSE: SEE ATTACHED SCHEDULE K | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Charter Fund Inc Broomfield, CO | $606,047,129 | $251,921,544 |
Anschutz Foundation Denver, CO | $0 | $131,519,142 |
The California Wellness Foundation Los Angeles, CA | $1,249,668,748 | $96,883,603 |
Community Finance Corporation Tucson, AZ | $0 | $59,653,037 |
The Ray And Tye Noorda Foundation Lindon, UT | $188,322,162 | $42,549,813 |
Colorado Trust Denver, CO | $0 | $33,250,092 |
Visa Foundation San Francisco, CA | $452,119,857 | $75,228,376 |
Pisces Foundation San Francisco, CA | $36,685,219 | $40,456,155 |
Bohemian Foundation Fort Collins, CO | $90,098,504 | $41,050,944 |
The Leonard And Sophie Davis Fund San Francisco, CA | $227,558,478 | $35,284,803 |
Ray And Dagmar Dolby Family Fund San Francisco, CA | $0 | $8,022,175 |
Kalmanovitz Charitable Foundation Mill Valley, CA | $9,993,294 | $9,957,898 |