2016-08-15T12:24:06-05:00 2015-09-30 BDO USA LLP 8401 GREENSBORO DRIVE SUITE 800 MCLEAN VA 22102 990 2014-10-01 521954196 RAZA DEVELOPMENT FUND INC % RODRIGO VELA CFO RAZA 6024171403 1 E Washington Street Suite 2250 Phoenix AZ 85004 TOM ESPINOZA President & CEO 7038930600 2016-08-12 true Joyce Underwood P00022361 7038930600 2014 2016-09-27 15:27:22Z TOM ESPINOZA 1 E WASHINGTON ST NO 2250 Phoenix AZ 85004 11746648 false X www.razafund.org X 1996 DC see schedule O 10 8 27 8 0 6301500 600000 8171030 10892035 115797 162452 88680 92161 14677007 11746648 494957 341043 0 0 3020863 3566060 0 0 104312 6128063 6339546 9643883 10246649 5033124 1499999 154101810 150827613 97477424 92703228 56624386 58124385 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. false false 8249735 341043 10892035 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 39. 8249735 true true false false false false false false true false true false false false true true true true false false false false false false false false false true false true false false false false true false false false false false false false true true false false false true 41 0 true 27 true false false false false false false false false false false X 10 8 true false false false false false false true true false false true true true true true true true false false AZ DC X RODRIGO VELA CFO 6024171403 1 E WASHINGTON ST NO 2250 Phoenix AZ 85004 X James Feild Chairman 1.0 0.0 X 0 0 0 Arabella Martinez Vice-Chair 1.0 0.0 X 0 0 0 Roldan Trujillo Board Member 1.0 0.0 X 0 0 0 Kimberly Latimer Nelligan Board Member 1.0 0.0 X 0 0 0 Janet Murguia Board Member 1.0 35.0 X 0 425525 34116 Art Ruiz Board Member 1.0 0.0 X 0 0 0 Joseph Reilly Board Member 1.0 0.0 X 0 0 0 Janis Bowdler Board Member 1.0 0.0 X 0 0 0 Kenneth I Trujillo Board Member 1.0 0.0 X 0 0 0 Tom Espinoza President & CEO 40.0 0.0 X X 429582 0 30855 Mark Van Brunt COO 40.0 0.0 X 229882 0 35242 Rodrigo Vela CFO 40.0 0.0 X 192739 0 32937 David Clower CCO 40.0 0.0 X 206838 0 33910 Angela Stephenson Director 40.0 0.0 X 116735 0 14493 Silvia Urrutia Director 40.0 0.0 X 113681 0 21151 Guadalupe Gomez Director 40.0 0.0 X 102741 0 13521 1392198 425525 216225 7 false true false VERACRUZ ADVISORY LLC 412 S SHORE DR STE 1A SARASOTA FL 34234 LOAN SERVICES 274166 REMAX NEW HEIGHTS REALTY 6427 S CENTRAL STE 100 PHOENIX AZ 85042 PROJECT MANAGEMENT 155292 2 600000 600000 LOAN INTEREST INCOME 7530209 7530209 NMTC/LOAN FEES 2487681 2487681 ORIGINATION FEES 874145 874145 10892035 162452 0 0 162452 0 0 0 0 0 0 0 0 0 OTHER INCOME 92161 92161 92161 11746648 10892035 0 254613 X 341043 341043 0 0 0 1656711 1046712 570611 39388 0 1294424 812244 450858 31322 81157 56094 23157 1906 358931 220999 130447 7485 174837 113071 58243 3523 8295 8295 73981 73981 104600 73220 31380 0 0 0 1681178 1541547 139594 37 346059 35183 310707 169 39620 31440 7381 799 34832 29093 4460 1279 0 250361 165135 76124 9102 433816 378482 49757 5577 0 0 2510830 2510830 0 52281 52281 103855 103855 LOAN LOSS RESERVE 60379 60379 SERVICE CHARGES 260530 244421 15366 743 BOARD RELATED EXPENSES 63327 61596 1662 69 MEMBERSHIPS & SUBSCRIPTIONS 109654 102803 6657 194 205948 195326 7903 2719 10246649 8249735 1892602 104312 16583009 18756314 16329321 15418485 1829763 666076 0 0 0 0 0 0 117727810 113377347 0 0 315848 1492705 639303 388871 296654 250432 0 0 1019405 866254 0 0 0 0 0 0 154101810 150827613 420712 578205 71000 29000 1097690 986436 0 0 0 0 0 0 37050000 18800000 58400000 61000000 438022 11309587 97477424 92703228 X 40916323 42706118 15708063 15418267 0 0 56624386 58124385 154101810 150827613 1499999 X X false true X true true true X X 1 NATIONAL COUNCIL OF LA RAZA INC 860212873 7 true 0 0 1 true false false false false false false false false false false false false false false true false RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false true X 176024 9777 166247 41507 33224 8283 421772 345870 75902 250432 0 PLEDGES HELD IN TRUST 6004 UNFUNDED COMMITMENTS 303583 EQUITY EQUIVALENT INVESTMENTS 11000000 11309587 X 9235818 -2510830 -2510830 11746648 11746648 7735819 7735819 2510830 2510830 10246649 Part IV, line 2b: NMTC deposits. There were no balances at 9/30/2015 Part X, Line 2: Under accounting guidance, interest and penalties, if any, imposed by the U.S. Internal revenue Service (IRS) or other taxing jurisdictions are recorded to interest expense and other operating costs, respectively. There were no interest or penalties recorded for the years ended September 30, 2015 and 2014. The tax years subject to examination by major jurisdictions include the years 2009 and forward by the IRS and the District of Columbia. Part XI, Line 2D: Interest Expense netted on financial statements $ -$2,510,830. Part XII, Line 4B: Interest Expense netted on financial statements $ $2,510,830. true ARIZONA HISPANIC CHAMBER OF COMMERCE FOUNDATION 255 E OSBORN ROAD 201 PHOENIX AZ 85012 860445372 501(c)(6) 33333 COMMUNITY DEVELOPMENT CALL 3424 WILSHIRE BLVD LOS ANGELES CA 90010 261135065 501(c)(3) 50000 COMMUNITY DEVELOPMENT Marisol Federal Credit Union 721 N 3rd St Phoenix AZ 85004 860125352 501(c)(1) 68300 COMMUNITY DEVELOPMENT DOMINICAN WOMEN'S DEVELOPMENT CENTER 519 WEST 189TH ST NEW YORK NY 10040 133593885 501(c)(3) 25000 community development EN FAMILIA INC PO BOX 6159 PHOENIX AZ 85005 460932624 501(c)(3) 30000 community development St Catherine of Siena Catholic School 6413 S CENTRAL AVE PHOENIX AZ 85042 300514550 501(c)(3) 10000 community development FAMILY LIFE WORKS INC 3512 PAESANOS PARKWAY SAN ANTONIO TX 78231 364607285 501(c)(3) 15980 community development HOSANNA FOUNDATION PO BOX 3333 ONTARIO CA 91761 205042625 501(c)(3) 10000 community development JEWISH FAMILY AND CHILDREN SERVICE 4747 N 7TH ST 100 PHOENIX AZ 85014 860096781 501(c)(3) 10000 community development Sustainable Communities Collaborative 10 WEST MAIN STREET MESA AZ 85201 453074258 42400 community development SOUTHEAST PASTORAL INSTITUTE 7700 SW 56 STREET MIAMI FL 33155 591891177 501(c)(3) 15000 community development UNIVERSITY OF MARY TEMPE 215 E 7TH STREET TEMPE AZ 85281 450273403 501(c)(3) 13500 community development 9 3 Part I, line 2 - Description of Procedure for Monitoring Use of Funds RDF has a grant contract with its grantees, which encompass the various projecY 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 false false false false false false false false false Janet Murguia Board Member 0 423105 0 0 0 2420 0 15969 0 18147 0 459641 0 0 Tom Espinoza President & CEO 288132 0 141450 0 0 0 17500 0 13355 0 460437 0 0 0 Mark Van Brunt COO 212192 0 17690 0 0 0 15949 0 19293 0 265124 0 0 0 Rodrigo Vela CFO 168417 0 24322 0 0 0 13644 0 19293 0 225676 0 0 0 David Clower CCO 179529 0 27309 0 0 0 14617 0 19293 0 240748 0 0 0 CALL See V See V 50000 Grant Leadership development SCH L, PART III, GRANTS OF ASSISTANCE BENEFITING INTERESTED PERSONS: (A)NAME OF PERSON, CATHOLIC ASSOCIATION OF LATINO LEADERS, INC (CALL) (B) RELATIONSHIP BETWEEN INTERESTED PERSON AND ORGANIZATION, A RDF BOARD MEMBER IS ALSO A BOARD MEMBER OF CALL (C) AMOUNT OF GRANT $50,000 (D) TYPE OF ASSISTANCE, GRANT (E) PURPOSE OF ASSISTANCE, LEADERSHIP DEVELOPMENT GRANT Form 990, Part I, Line 1, Description of Organization Mission: 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. Form 990, Part VI, Section A, line 2: Explanation: Joseph Reilly Director is a Chief Executive at CDT, where James Feild is Director and represents an investor. Form 990, Part VI, Section B, line 11: 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, BDO USA, and is reviewed by the organization's Chief Financial Officer. A final draft of the Form 990 is provided to 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: Prior to the completion of the 990, at a meeting of the Board of Directors, the Conflict of Interest Policy along with a questionnaire is presented for each of the Board Members, as well as Key Staff to review, document, or disclose. 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 production, financial, fund raising and operation goals. Based on the overall performance the committee approves a salary modification and bonus. 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. Form 990, Part XII, Line 2c There have been no changes during the year in the process. FORM 990 PART IX LINE 11G DESCRIPTION:CONSULTING FEES TOTAL FEES:1681178 RAZA COMMUNITY VENTURES LLC (RCV) 1 E WASHINGTON STREET STE 2250 PHOENIX AZ 85004 521954196 SEE VII AZ 0 3244643 RDF RDF Fund Manager LLC (RDFFM) 1 E WASHINGTON STREET STE 2250 PHOENIX AZ 85004 453280259 SEE VII AZ -13 24448 RDF 1200 North Park Street Partners LLC 1 E WASHINGTON STREET STE 2250 PHOENIX AZ 85004 521954196 SEE VII MN 76929 222632 RCV NATIONAL COUNCIL OF LA RAZA INC 1126 16TH STREET NW WASHINGTON DC 20036 860212873 SEE VII AZ 501(c)(3) 7 NA false PARTNERSHIPS OF HOPE I 1 E WASHINGTON ST PHOENIX AZ 85004 272096685 community DVL AZ RDF RELATED false true 0.00010 PARTNERSHIPS OF HOPE III 1 E WASHINGTON ST PHOENIX AZ 85004 272096840 community DVL AZ RDF RELATED false true 0.00010 CHASE NMTC EXCEL INVESTMENT FUND 1 E WASHINGTON ST PHOENIX AZ 85004 452772405 community DVL AZ RDFFM RELATED false false 0.00010 PARTNERSHIPS OF HOPE II 1 E WASHINGTON ST PHOENIX AZ 85004 272096768 community DVL AZ RDF RELATED false true 0.00010 CHASE NMTC FBRGV INVESTMENT FUND 1 E WASHINGTON ST PHOENIX AZ 85004 452772484 community DVL AZ RDFFM RELATED false false 0.00010 PARTNERSHIP OF HOPE V 1 E WASHINGTON ST PHOENIX AZ 85004 272096932 COMMUNITY DEV AZ RDF RELATED false true 0.00010 PARTNERSHIPS OF HOPE IV 1 E WASHINGTON ST PHOENIX AZ 85004 272096897 community DVL AZ RDF RELATED false true 0.00010 PARTNESRHIPS OF HOPE VI 1 E WASHINGTON ST PHOENIX AZ 85004 452500179 COMMUNITY DEV AZ RDF RELATED false true 0.00010 PARTNERSHIPS OF HOPE VII 1 E WASHINGTON ST PHOENIX AZ 85004 452500213 COMMUNITY DEV AZ RDF RELATED false true 0.00010 PARTNERSHIPS OF HOPE VIII 1 E WASHINGTON ST PHOENIX AZ 85004 452500256 COMMUNITY DEV AZ RDF RELATED false true 0.00010 PARTNERSHIPS OF HOPE IX 1 E WASHINGTON ST PHOENIX AZ 85004 452500321 COMMUNITY DEV AZ RDF RELATED false true 0.00010 PARTNERSHIPS OF HOPE X 1 E WASHINGTON ST PHOENIX AZ 85004 452500384 COMMUNITY DEV AZ RDF RELATED false true 0.00010 PARTNERSHIPS OF HOPE XI 1 E WASHINGTON ST PHOENIX AL 85004 454982815 COMMUNITY DEV AZ RDF RELATED false true 0.00010 false true false false false false false false false false true false false false false false false true PARTNERSHIPS OF HOPE II L 57500 ACCRUAL PARTNERSHIPS OF HOPE III L 83000 ACCRUAL PARTNERSHIPS OF HOPE IV L 63000 ACCRUAL PART I - IDENTIFICATION OF DISREGARDED ENTITIES - primary activity 1. RAZA COMMUNITY VENTURES, LLC column (b) Primary Activity: HOLDING ASSETS FOR COMMUNITY DEVELOPMENT 2. RDF Fund Manager LLC column (b) Primary Activity: MANAGE BUSINESS AND CARRY-OUT THE PURPOSE OF THE INVESTMENT FUND 3. 1200 North Park Street Partners LLC column (b) Primary Activity: OWN AND LEASE REAL PROPERTY FOR COMMUNITY DEVELOPMENT PART II - IDENTIFICATION OF RELATED TAX-EXEMPT ORGANIZATIONS 1. NATIONAL COUNCIL OF LA RAZA, INC. column (b) Primary Activity: WORKS TO IMPROVE OPPORTUNITIES FOR HISPANIC AMERICANS. Part III - identification of related organizations taxable as partnerships 1. Name: PARTNERSHIPS OF HOPE I EIN: 27-2096685 Address: 1 E WASHINGTON ST #2250, Phoenix, AZ 85004 Primary activity: community development Direct controlling entity: Raza Development Fund (RDF) 2. Name: PARTNERSHIPS OF HOPE III EIN: 27-2096840 Address: 1 E WASHINGTON ST #2250, Phoenix, AZ 85004 Primary activity: community development Direct controlling entity: Raza Development Fund (RDF) 3. Name: CHASE NMTC EXCEL INVESTMENT FUND EIN: 45-2772405 Address: 1 E WASHINGTON ST #2250, Phoenix, AZ 85004 Primary activity: community development Direct controlling entity: RDF Fund Manager LLC 4. Name: PARTNERSHIPS OF HOPE II EIN: 27-2096768 Address: 1 E WASHINGTON ST #2250, Phoenix, AZ 85004 Primary activity: community development Direct controlling entity: Raza Development Fund (RDF) 5. Name: CHASE NMTC FBRGV INVESTMENT FUND EIN: 45-2772484 Address: 1 E WASHINGTON ST #2250, Phoenix, AZ 85004 Primary activity: community development Direct controlling entity: RDF Fund Manager LLC 6. Name: PARTNERSHIPS OF HOPE V EIN: 27-2096932 Address: 1 E WASHINGTON ST #2250, Phoenix, AZ 85004 Primary activity: community development Direct controlling entity: Raza Development Fund (RDF) 7. Name: PARTNERSHIPS OF HOPE IV EIN: 27-2096897 Address: 1 E WASHINGTON ST #2250, Phoenix, AZ 85004 Primary activity: community development Direct controlling entity: Raza Development Fund (RDF) 8. Name: PARTNERSHIPS OF HOPE VI EIN: 45-2500179 Address: 1 E WASHINGTON ST #2250, Phoenix, AZ 85004 Primary activity: community development Direct controlling entity: Raza Development Fund (RDF) 9. Name: PARTNERSHIPS OF HOPE VII EIN: 45-2500213 Address: 1 E WASHINGTON ST #2250, Phoenix, AZ 85004 Primary activity: community development Direct controlling entity: Raza Development Fund (RDF) 10. Name: PARTNERSHIPS OF HOPE VIII EIN: 45-2500256 Address: 1 E WASHINGTON ST #2250, Phoenix, AZ 85004 Primary activity: community development Direct controlling entity: Raza Development Fund (RDF) 11. Name: PARTNERSHIPS OF HOPE IX EIN: 45-2500321 Address: 1 E WASHINGTON ST #2250, Phoenix, AZ 85004 Primary activity: community development Direct controlling entity: Raza Development Fund (RDF) 12. Name: PARTNERSHIPS OF HOPE X EIN: 45-2500384 Address: 1 E WASHINGTON ST #2250, Phoenix, AZ 85004 Primary activity: community development Direct controlling entity: Raza Development Fund (RDF) 13. Name: PARTNERSHIPS OF HOPE XI EIN: 45-4982815 Address: 1 E WASHINGTON ST #2250, Phoenix, AZ 85004 Primary activity: community development Direct controlling entity: Raza Development Fund (RDF)