2015-08-14T08:56:45-05:00 2014-09-30 BDO USA LLP 7101 WISCONSIN AVE SUITE 800 BETHESDA MD 208144827 990 2013-10-01 521954196 RAZA DEVELOPMENT FUND INC % RODRIGO VELA CFO RAZA 6024171403 1 E Washington Street Suite 2250 Phoenix AZ 85004 TOM ESPINOZA President and CEO 6024171403 2015-08-14 true Joyce Underwood P00022361 6024171403 2013 2016-04-25 22:37:26Z TOM ESPINOZA same as c above Phoenix AZ 85004 14677007 false X www.razafund.org X 1996 DC see schedule O 10 8 22 8 0 2800000 6301500 5222022 8171030 106930 115797 96529 88680 8225481 14677007 220149 494957 0 0 2642060 3020863 0 0 81859 4616334 6128063 7478543 9643883 746938 5033124 118341005 154101810 66749743 97477424 51591262 56624386 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 8015557 494957 8171030 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 32. 8015557 true true false false false false false false true false true false false false true true false 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 42 0 true 22 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 STREET NO 2250 Phoenix AZ 85004 X James Field Chairman 1.0 X 0 0 0 Arabella Martinez Vice-Chair 1.0 X 0 0 0 Roldan Trujillo Board Member 1.0 X 0 0 0 Kimberly Latimer Nelligan Board Member 1.0 X 0 0 0 Janet Murguia Board Member 1.0 35.0 X 362921 33700 Art Ruiz Board Member 1.0 X 0 0 0 Joseph Reilly Board Member 1.0 X 0 0 0 Janis Bowdler Board Member 1.0 X 0 0 0 Kenneth I Trujillo Board Member 1.0 X 0 0 0 Tom Espinoza President & CEO 40.0 X X 285721 0 33726 Mark Van Brunt COO 40.0 X 230296 0 35882 Rodrigo Vela CFO 40.0 X 137115 0 29469 David Clower CCO 40.0 X 178380 0 32396 Guadalupe Gomez Director 40.0 X 101272 0 13915 Angela Stephenson Director 40.0 X 108415 0 14126 Silvia Urrutia Director 40.0 X 115012 0 21889 1156211 362921 215103 7 false true false VERACRUZ ADVISORY LLC 412 S SHORE DR STE 1A SARASOTA FL 34234 LOAN SERVICES 109998 1 6301500 6301500 LOAN INTEREST INCOME 5929743 5929743 LOAN FEES 1840180 1840180 ORIGINATION FEES 401107 401107 8171030 115797 115797 0 0 0 0 0 0 0 0 0 OTHER INCOME 88680 88680 88680 14677007 8171030 204477 X 494957 494957 0 0 0 1559801 978184 551392 30225 0 957313 600759 337786 18768 58198 36591 20448 1159 297601 182780 109497 5324 147950 93046 52142 2762 5315 5315 58882 58882 98198 69864 28334 0 0 0 1270584 1195058 74953 573 233374 29163 203924 287 56459 44639 10566 1254 27927 23009 3810 1108 0 231950 144880 77657 9413 455336 365897 80936 8503 0 0 2108753 2108753 0 54103 54103 106848 106848 LOAN LOSS RESERVE 1148048 1148048 SERVICE CHARGES 64629 52989 11142 498 BOARD RELATED EXPENSES 22581 21987 530 64 OTHER EXPENSES 231093 205120 24052 1921 -46017 -46017 9643883 8015557 1546467 81859 25725308 16583009 15397760 16329321 1270246 1829763 0 0 0 0 0 0 75253302 117727810 0 0 62143 315848 633244 336590 311928 296654 0 0 320318 1019405 0 0 0 0 0 0 118341005 154101810 608578 420712 101000 71000 595983 1097690 0 0 0 0 0 0 6800000 37050000 58400000 58400000 244182 438022 66749743 97477424 X 36559808 40916323 15031454 15708063 0 0 51591262 56624386 118341005 154101810 5033124 X X false true X true true true X X X false false false NATIONAL COUNCIL OF LA RAZA INC 860212873 07 true true true 0 1 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false true X 0 176024 6168 169856 0 41507 20919 20588 0 415713 309503 106210 296654 0 Pledges Held In Trust 132444 Due to National Council of La Raza 818 Unfunded commitments 304760 438022 X 14677007 14677007 14677007 9643883 9643883 9643883 Part IV, line 2b: NMTC deposits. There were no balances at 9/30/2014 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, 2014 and 2013. The tax years subject to examination by major jurisdictions include the years 2008 and forward by the IRS and the District of Columbia. true El Paso Leadership Academy 1918 Texas Ave El Paso TX 79901 455571815 501(c)(3) 100000 community development PAZ Promise Arizona 701 S 1st St Phoenix AZ 85005 452081460 501(c)(3) 70000 community development Marisol Federal Credit Union 721 N 3rd St Phoenix AZ 85004 860125352 501(c)(1) 66300 community development CATHOLIC ASSOCIATION OF LATINO LEADERS INC (CALL) 3424 wilshire blvd los angeles CA 90010 261135065 501(c)(3) 50000 community development Entrepreneur High School Inc 6810 alanbrook rd charlotte NC 28215 900962996 501(c)(3) 50000 community development St Catherine of Siena Catholic School 1618 ben king rd nw kennesaw GA 30144 010552300 501(c)(3) 43657 community development Congreso de Latinos Unidos Inc 216 W Somerset St Philadelphia PA 19133 232051143 501(c)(3) 25000 community development Family Life Works Inc 3512 Paesanos Pkwy San Antonio TX 78231 364607285 501(c)(3) 20000 community development SCCNEDCO See Part IV 10 West Main Street Mesa AZ 85201 453074258 501(c)(3) 15000 community development Adore Ministries PO BOX 311016 HOUSTON TX 77231 201854310 501(c)(3) 15000 community development NEIGHBORHOOD ECONOMIC DEVELOPMENT CONEDCO 212 MAIN STREET SPRINGFIELD OR 97477 930739188 501(c)(3) 15000 community development The Victoria Foundation 1122 E BUCKEYE RD STE B5 PHOENIX AZ 85034 237091708 501(c)(3) 6000 community development 11 1 Part I, line 2 - Description of Procedure for Monitoring Use of Funds 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. Part II, line 1, item (9) * SCC/NEDCO Grant was to the Sustainable Communities Collaborative. The NEIGHBORHOOD ECONOMIC DEVELOPMENT CORPORATION (NEDCO) was the fiscal sponsor of the Sustainable Communities Collaborative. X X false false false false false false false false false Janet Murguia Board Member 360402 0 2519 16625 17075 396621 0 Tom Espinoza President & CEO 260121 0 25600 0 0 0 20371 0 13355 0 319447 0 0 0 Mark Van Brunt COO 197257 0 33039 0 0 0 16589 0 19293 0 266178 0 0 0 Rodrigo Vela CFO 128365 0 8750 0 0 0 10176 0 19293 0 166584 0 0 0 David Clower CCO 166830 0 11550 0 0 0 13103 0 19293 0 210776 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 can establish a bonus pool for the rest of the staff. 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:GENERAL CONSULTING TOTAL FEES:1270584 RAZA COMMUNITY VENTURES LLC 1 E WASHINGTON STREET STE 2250 PHOENIX AZ 85004 521954196 SEE VII AZ 220084 3407319 Raza Devel RDF Fund Manager LLC 1 E WASHINGTON STREET STE 2250 PHOENIX AZ 85004 453280259 SEE VII AZ -12 24461 Raza Devel 1200 North Park Street Partners LLC 1 E WASHINGTON STREET STE 2250 PHOENIX AZ 85004 521954196 SEE VII MN 65972 222984 RAZA COMMU NATIONAL COUNCIL OF LA RAZA INC 1126 16TH STREET NW WASHINGTON DC 200364845 860212873 SEE VII AZ 501(c)(3) 7 NA false PARTNERSHIPS OF HOPE I 1 E WASHINGTON ST PHOENIX AZ 85004 272096685 community DVLMNT AZ RDF RELATED false true 0.00010 PARTNERSHIPS OF HOPE III 1 E WASHINGTON ST PHOENIX AZ 85004 272096840 community DVLMNT AZ RDF RELATED false true 0.00010 CHASE NMTC EXCEL INVESTMENT FUND 1 E WASHINGTON ST PHOENIX AZ 85004 452772405 community DVLMNT AZ RDF Fund Mgr RELATED false 0.00010 PARTNERSHIPS OF HOPE II 1 E WASHINGTON ST PHOENIX AZ 85004 272096768 community DVLMNT AZ RDF RELATED false true 0.00010 CHASE NMTC FBRGV INVESTMENT FUND 1 E WASHINGTON ST PHOENIX AZ 85004 452772484 community DVLMNT AZ RDF Fund Mgr RELATED false 0.00010 PARTNERSHIP OF HOPE V 1 E WASHINGTON ST PHOENIX AZ 85004 272096932 COMMUNITY DEVLMNT AZ RDF RELATED false true 0.00010 PARTNERSHIPS OF HOPE IV 1 E WASHINGTON ST PHOENIX AZ 85004 272096897 community DVLMNT AZ RDF RELATED false true 0.00010 PARTNESRHIPS OF HOPE VI 1 E WASHINGTON ST PHOENIX AZ 85004 452500179 COMMUNITY DEVLMNT AZ RDF RELATED false true 0.00010 PARTNERSHIPS OF HOPE VII 1 E WASHINGTON ST PHOENIX AZ 85004 452500213 COMMUNITY DEVLMNT AZ RDF RELATED false true 0.00010 false true false 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 75000 ACCRUAL PARTNERSHIPS OF HOPE IV L 63000 ACCRUEAL 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)