2018-08-14T08:46:47-05:00 2017-09-30 420714325 RSM US LLP 100 International Drive Suite 1400 Baltimore MD 21202 990 2016-10-01 521954196 raza development fund inc c/o rodrigo vela cfo RAZA 6024171403 1 e washington street No 2250 phoenix AZ 85004 tom espinoza president & ceo 6024171403 2018-08-10 1 julia flannery cpa P00928918 4102469301 2016 2022-09-23 18:48:47Z tom espinoza 1 e washington street No 2250 phoenix AZ 85004 19457001 0 X www.razafund.org X 1996 DC Raza Development Fund's mission is to create financing solutions that increase opportunities for the Latino community and low-income families in the areas of affordable housing, education and health care. RDF truly invests in the dreams and hopes of NCLR Affiliates and other not-for-profit social service organizations building up their communities, and thereby touching the lives of thousands of families. 10 8 31 8 0 0 326500 6324000 9196205 12951858 138610 165419 29858 15724 9691173 19457001 387202 341493 0 0 3692471 3720212 0 0 114970 5608034 9026106 9687707 13087811 3466 6369190 171847679 177107085 113021534 112493754 58826145 64613331 X Raza Development Fund's (RDF) mission is to create financing solutions that increase opportunities for the latino community and low-income families in the areas of affordable housing, education and health care. RDF truly invests in the dreams and hopes of NCLR affiliates and other not-for-profit social service organizations building up their communities, and thereby touching the lives of thousands of families. 0 0 11305810 341493 12951858 LOAN FUND PROGRAMS: LENDING PROGRAMS TO ASSIST HISPANIC AGENCIES AS WELL AS OTHER AGENCIES SERVING LOW INCOME COMMUNITIES BY INCREASING ACCESS TO CAPITAL, STRENGTHENING AFFILIATE RELATIONS AND PROMOTE ECONOMIC AND FINANCIAL LITERACY AT THE AGENCY LEVEL. LOANS APPROVED 37. 11305810 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 1 53 0 1 31 1 0 0 0 0 0 0 0 0 0 0 X 10 8 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 0 1 0 0 AZ X rodrigo vela cfo 6024171403 1 e washington street No 2250 phoenix AZ 85004 james w feild board chair 1.00 X X 0 0 0 Arabella Martinez Vice Chairperson/Secretary 1.00 X X 0 0 0 Art Ruiz Board Member 1.00 X 0 0 0 Roldan Trujillo Board Member 1.00 X 0 0 0 Kimberly Latimer-Nelligan Board Member 1.00 X 0 0 0 Joseph F Reilly Board Member 1.00 X 0 0 0 Kenneth I Trujillo Board Member 1.00 X 0 0 0 Janis Bowdler Board Member 1.00 X 0 0 0 Janet Murguia Board Member 1.00 40.00 X 0 453256 42362 Tom Espinoza president/ceo 40.00 X X 394450 0 35916 mark van brunt CHIEF OPERATING OFFICER 40.00 X 283427 0 45307 rodrigo vela CHIEF FINANCIAL OFFICER 40.00 X 229361 0 41358 david clower chief investment officer 40.00 X 217601 0 40422 scott richter chief credit officer 40.00 X 134563 0 28611 juan madrid controller 40.00 X 121419 0 32740 guadalupe gomez DIRECTOR OF TEXAS REGION 40.00 X 110820 0 15752 greta mayans DIRECTOR OF EDUCATION 40.00 X 110692 0 15890 brian champeau DIRECTOR OF EAST COAST 40.00 X 107242 0 31619 laura avelar DIRECTOR OF LOAN OPERATIONS 40.00 X 104196 0 15224 1813771 453256 345201 11 0 1 0 veracruz advisory llc 412 s shore dr ste 1a sarasota FL 34234 loan origination services 314944 bergman & allderdice 1200 wilshire blvd ste 610 los angeles CA 90017 legal fees 223885 remax new heights realty 6427 s central ave ste 100 phoenix AZ 85042 project management 167222 raul espericueta 1121 e redondo cr tempe AZ 85282 community leadership services 153986 bdo 2201 e camelback phoenix AZ 85016 audit fees 104343 5 6324000 6324000 loan interest income 900009 8663124 8663124 nmtc/loan fees 900009 3243647 3243647 origination fees 900009 1045087 1045087 12951858 165419 165419 15724 15724 15724 19457001 12951858 0 181143 341493 341493 1612902 922716 635586 54600 1149792 1029864 119928 205756 143954 57628 4174 569854 415508 143557 10789 181908 132082 46425 3401 204428 204428 93250 93250 2900432 2731597 168835 168638 6148 149623 12867 41540 32173 8363 1004 62541 48380 11350 2811 409911 266479 127926 15506 296678 245389 45962 5327 3352607 3352607 37624 37624 83376 83376 reo mgt & maintenance 317009 317009 service charges 238518 232333 6106 79 memberships & subscript 97000 71401 24235 1364 BOARD RELATED EXPENSES 56097 51156 4407 534 666457 640093 23850 2514 13087811 11305810 1667031 114970 13231049 17168597 15308952 14775700 549824 768090 139510205 140076921 184659 118171 754789 477144 282373 277645 619691 617829 799305 804132 1361621 2500000 171847679 177107085 409816 1330466 57000 57000 17873393 32652010 83646017 66177457 11035308 12276821 113021534 112493754 X 43348526 44489719 15477619 20123612 58826145 64613331 171847679 177107085 X 6369190 -582004 X X 0 1 X 1 1 1 X X 1 national council of la raza inc 860212873 7 1 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 176024 111275 64749 59713 37748 21965 519052 328121 190931 277645 equity equivalent investments 11750000 accrued lease expense 25566 borrower deposits 501255 12276821 X 15318591 -4138410 -4138410 19457001 0 19457001 9531405 0 9531405 3556406 3556406 13087811 Part X, Line 2: RDF is generally exempt from federal income taxes under the provisions of Section 501(c)(3) of the Internal Revenue Code. In addition, RDF qualifies for charitable contribution deductions and has been classified as an organization that is not a private foundation. Income which is not related to exempt purposes, less applicable deductions, is subject to federal and state corporate income taxes. RDF had no net unrelated business income tax for the years ended September 30, 2017 and 2016. Management evaluated RDF's tax positions and concluded that RDF had taken no uncertain tax positions that require adjustment to the financial statements to comply with the provisions of this guidance. Consequently, no accrual for interest and penalties was deemed necessary for the years ended September 30, 2017 and 2016. RDF files income tax returns in the U.S. federal jurisdiction. RDF is no longer subject to income tax examinations for the U.S. federal, state or local tax authorities for the years before 2014. Part XI, Line 2d - Other Adjustments: interest expense -3,544,532. provision for loan losses -593,878. Part XII, Line 4b - Other Adjustments: interest expense 3,544,532. provision for loan losses 593,878. LOAN LOSS RESERVE -582,004. 1 All Saints Catholic Newman Center 230 east university drive tempe AZ 85281 300514126 501(c)(3) 13375 community development Arizona Hispanic Chamber of Commerce Foundation 255 e osborn rd ste 201 phoenix AZ 85012 860445372 501(c)(6) 33333 community development Arizona State University 1151 S Forest Ave Tempe AZ 85281 860196696 501(c)(3) 8000 community development Be A Leader Foundation 1715 W Northern Ave Suite 104 phoenix AZ 85021 550850279 501(c)(3) 20000 community development Benedictine University at Mesa 225 e main street mesa AZ 85201 362722198 501(c)(3) 12200 community development Centro Campesino Farmworker Center Inc 35801 sw 186 ave florida city FL 33034 591460598 501(c)(3) 20000 community development Echelon Universtiy Students Association po box 667385 houston TX 77266 473933811 501(c)(3) 15000 community development En Familia Inc po box 6159 phoenix AZ 85005 460932624 501(c)(3) 25000 community development Hispanic Health Initiatives 70 spring vista drive unit 2 debary FL 32713 593654481 501(c)(3) 30000 community development Holy Trinity Catholic Newman Center 520 w riordan road flagstaff AZ 86001 320439043 501(c)(3) 10000 community development Hosanna Foundation po box 3333 ontario CA 91761 205042625 501(c)(3) 15000 community development Saint Paul's Outreach 5814 blackshire path inver grove heights MN 55076 411621192 501(c)(3) 30000 community development st catherine of siena catholic school 6413 s central ave phoenix AZ 85042 300514550 501(c)(3) 7500 community development The Society of St Vincent de Paul One at a Time Scholarship po box 13600 phoenix AZ 85002 860096789 501(c)(3) 10000 community development Trellis Inc 1405 e mcdowell rd phoenix AZ 85006 510152395 501(c)(3) 20000 community development UnidosUS 1126 16th street nw suite 600 washington DC 20036 860212873 501(c)(3) 10000 community development University of Mary Tempe 215 e 7th street tempe AZ 85281 450273403 501(c)(3) 31000 community development University of PennsylvaniaDrexel University Newman Center 3728 chestnut st philadelphia PA 19104 231716502 501(c)(3) 15000 community development 17 1 Part I, Line 2: RDF HAS A GRANT CONTRACT WITH ITS GRANTEES, WHICH ENCOMPASS THE VARIOUS PROJECT STAGES. THE CAPITAL IS ALLOCATED TO THIRD PARTY CONSULTANTS THAT PROVIDE THE TECHNICAL ASSISTANCE AND DEVELOPMENT PRACTICES FOR THE IMPLEMENTATION IN THE PROJECT. X X X 0 0 0 0 0 0 0 0 0 Janet Murguia Board Member 0 450124 0 3132 0 0 0 18550 0 23812 0 495618 0 0 Tom Espinoza president/ceo 361066 0 30000 0 3384 0 21200 0 14716 0 430366 0 0 0 mark van brunt CHIEF OPERATING OFFICER 250768 0 27120 0 5539 0 22447 0 22860 0 328734 0 0 0 rodrigo vela CHIEF FINANCIAL OFFICER 206435 0 22500 0 426 0 18498 0 22860 0 270719 0 0 0 david clower chief investment officer 205627 0 11600 0 374 0 17562 0 22860 0 258023 0 0 0 scott richter chief credit officer 125204 0 9000 0 359 0 5751 0 22860 0 163174 0 0 0 juan madrid controller 111208 0 10000 0 211 0 9880 0 22860 0 154159 0 0 0 Form 990, Part VI, Section B, line 11b The organization's Form 990 undergoes a number of internal and external reviews before it is filed with the IRS. The return is prepared by the organization's public accounting firm, and is reviewed by the organization's chief financial officer. A final draft of the Form 990 is provided to the Board of Directors for review and comment before it is filed with the IRS. Any questions or issues are addressed and resolved with the chief financial officer. Form 990, Part VI, Section B, line 12c The Policy is designed to help directors, officers and employees of the Corporation identify situations that present potential conflicts of interest and provide them with procedures which, if followed, will help assure that the Corporation enters into a financial transaction and arrangements that are in its interests, valid and binding. Any interested party with a potential conflict of interest shall disclose its conflict to the Audit committee of the board of Directors, which then deliberates in the absence of the interested party the existence or absence of conflict. After making such determination by vote, the committee communicates its conclusion to the corresponding authority that has approvals to enter into such financial transaction, and then a vote by that authority on whether the corporation should enter or not enter such a financial transaction takes place without the input of the interested party if a conflict deemed to exist. Form 990, Part VI, Section B, line 15a The Personnel Committee is charged with the performance review of the president & ceo. The review is based on the annual operating goals established for the organization, these include productions, financial, fund raising and operation goals. BASED ON THE OVERALL PERFORMANCE THE COMMITTEE RECOMMENDS A SALARY MODIFICATION AND BONUS, THAT IS REVIEWED AND APPROVED BY YHE BOARD OF DIRECTORS. Form 990, Part VI, Section C, line 19 The organization maintains an updated copy of its governing documents, conflict of interest policy and financial statements available for public review for the same period of disclosure as set forth in section 6104(d). Form 990, Part XI, line 9: loan loss reserve -582,004. Form 990, Part XII, Line 2c: THERE HAVE BEEN NO CHANGES DURING THE YEAR IN THE PROCESS. raza community ventures llc (rcv) 1 e washington street ste 2250 phoenix AZ 85004 521954196 holding assets for community development AZ 0 1509535 raza development fund inc rdf fund manager llc (rdffm) 1 e washington street ste 2250 phoenix AZ 85004 453280259 manage business and carry-out the purpose of the investment fund AZ -11 24426 raza development fund inc 1200 north park street partners llc 1 e washington street ste 2250 phoenix AZ 85004 521954196 own and lease real property for community development MN 15530 160406 raza community ventures llc naitonal council of la raza inc 1126 16th street nw washington DC 20036 860212873 works to improve opportunites for hispanic americans AZ 501(c)(3) Line 7 N/A 0 strategic investment fund for la raza inc 1126 16th street nw washington DC 20036 522268398 support the charitable and educational activities of nclr DE 501(c)(3) Line 12a, I N/A 0 chase nmtc excel investment fund llc 1 e washington st 2250 phoenix AZ 85004 452772405 community development DE rdf fund manager llc related -4 855 0 1 0.00010 chase nmtc fbrgv investment fund llc 1 e washington st 2250 phoenix AZ 85004 452772484 community development DE rdf fund manager llc related -7 1254 0 1 0.00010 partnerships of hope I llc 1 e washington st 2250 phoenix AZ 85004 272096685 community development DE raza development fund related 11 829 0 1 0.00010 partnerships of hope ii llc 1 e washington st 2250 phoenix AZ 85004 272096768 community development DE raza development fund related 3 12564 0 1 0.00010 partnerships of hope iii llc 1 e washington st 2250 phoenix AZ 85004 272096840 community development DE raza development fund related 14 20216 0 1 0.00010 partnerships of hope iv llc 1 e washington st 2250 phoenix AZ 85004 272096897 community development DE raza development fund related 0 1 0.00010 partnerships of hope v llc 1 e washington st 2250 phoenix AZ 85004 272096932 community development DE raza development fund related 3 10987 0 1 0.00010 partnerships of hope vi llc 1 e washington st 2250 phoenix AZ 85004 452500179 community development DE raza development fund related 2 4121 0 1 0.00010 partnerships of hope vii llc 1 e washington st 2250 phoenix AZ 85004 452500213 community development DE raza development fund related 3 494 0 1 0.00010 partnerships of hope viii llc 1 e washington st 2250 phoenix AZ 85004 452500256 community development DE raza development fund related 10 990 0 1 0.00010 partnerships of hope ix llc 1 e washington st 2250 phoenix AZ 85004 452500321 community development DE raza development fund related 694 0 1 0.00010 partnerships of hope x llc 1 e washington st 2250 phoenix AZ 85004 452500384 community development DE raza development fund related 2 891 0 1 0.00010 partnerships of hope xi llc 1 e washington st 2250 phoenix AZ 85004 454982815 community development MO raza development fund related 10 695 0 1 0.00010 partnerships of hope XII llc 1 e washington st 2250 phoenix AZ 85004 464994475 community development MO raza development fund related 0 1 0.00010 partnerships of hope XIII llc 1 e washington st 2250 phoenix AZ 85004 465008076 community development MO raza development fund related 0 1 0.00010 partnerships of hope XIV llc 1 e washington st 2250 phoenix AZ 85004 465020812 community development MO raza development fund related 0 1 0.00010 partnerships of hope XVI llc 1 e washington st 2250 phoenix AZ 85004 474059147 community development MO raza development fund related 0 1 0.00010 partnerships of hope XVIII llc 1 e washington st 2250 phoenix AZ 85004 474082772 community development MO raza development fund related 0 1 0.00010 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 1 partnerships of hope ii L 57000 accrual partnerships of hope iii L 79000 accrual partnerships of hope iv L 60000 accrual