2011-08-15T16:52:57-07:00 2010-09-30 990 2009-10-01 521954196 RAZA DEVELOPMENT FUND INC RAZA 6024171403 1 E Washington Street Ste 2250 Phoenix AZ 85004 TOM ESPINOZA 6024171403 2011-08-15 2009 2016-02-24 21:20:13Z X Tom Espinoza 1 E Washington Street Ste 2250 Phoenix AZ 85004 6763232 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 7 0 0 0 0 2350000 2659234 3774369 3915278 341730 188720 14753 0 6480852 6763232 88500 6000 0 1753685 1842956 0 83558 3244385 3407659 5086570 5256615 1394282 1506617 100998973 105018275 54192677 56705362 46806296 48312913 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. 0 0 3494973 6000 3915278 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 10. 0 0 0 3494973 1 1 0 0 0 0 0 1 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 1 0 0 1 0 0 0 0 0 0 10 7 1 0 0 0 0 0 1 1 1 0 0 1 1 1 1 1 1 1 0 0 AZ DC X RAZA DEVELOPMENT FUND INC 6024171403 1 E WASHINGTON STREET STE 2250 PHOENIX AZ 85004 James W Feild 1 X 0 0 0 Arabella Martinez 1 X 0 0 0 Roldan Trujillo 1 X 0 0 0 Kimberley Latimer Nelligan 1 X 0 0 0 Janet Murguia 1 X 0 309417 0 Charles Kamasaki 1 X 0 197369 0 Art Ruiz 1 X 0 0 0 Joseph F Reilly 1 X 0 0 0 Raul Yzaguirre 1 X 0 0 0 Tom Espinoza 38 X X X 248254 0 0 Mark Van Brunt 40 X X X 195936 0 0 Alejandro Fuentes 40 X X 142564 0 0 Jim Ford 36 X 130289 0 0 Bernarda Duarte 40 X 111753 0 0 Laura Kozel 40 X 177773 0 0 1006569 506786 0 8 1 1 0 0 0 0 0 1084234 1575000 0 2659234 LOAN INTEREST INCOME 522299 3749349 3749349 0 0 LOAN FEES 522299 104461 104461 0 0 61468 61468 0 0 3915278 188720 188720 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 6763232 4103998 0 0 5000 5000 1000 1000 0 0 0 0 1006570 205565 757494 43511 0 0 0 0 538461 405717 131848 896 100893 41235 56780 2878 101857 43452 56087 2318 95175 37831 54595 2749 3595 1490 1798 307 33259 17277 15982 0 91102 54661 36441 0 0 0 0 0 0 0 0 0 0 0 98315 98315 0 0 134700 0 134700 65759 33418 32172 169 20182 8476 11100 606 0 0 0 0 110621 46461 60842 3318 211493 21149 169195 21149 0 0 0 0 8837 0 8837 0 1648241 1648241 0 0 0 0 0 0 11509 0 11509 0 111740 46931 61457 3352 OFFICE SUPPLIES 21297 8945 11713 639 COMMUNICATIONS 30971 13008 17034 929 MEMBERSHIPS/SUSCRIPTIONS 24546 10309 13500 737 LOAN LOSS RESERVE EXPENSE 746492 746492 0 0 CONTRACT NCLR 35000 0 35000 0 5256615 3494973 1678084 83558 26306719 35126613 0 0 719474 566952 982505 809561 0 0 0 0 57603402 52991622 0 0 111429 97858 221614 174446 40234 47168 0 0 0 0 15235210 15378501 100998973 105018275 475319 303130 152250 161000 0 0 0 0 326282 326282 0 0 53238321 55900000 505 14950 54192677 56705362 X 31620420 33658294 15185876 14654619 0 0 46806296 48312913 100998973 105018275 X 1 1 1 X 1 1 X X X 0 0 0 NATIONAL COUNCIL OF LA RAZA 860212873 11a 1 1 1 0 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 0 0 0 0 0 0 0 0 0 0 0 221614 0 174446 47168 0 0 0 0 47168 RESTRICTED CASH AND CASH EQUIVALENTS 15318501 EQUITY INVESTMENT 60000 15378501 0 NCLR 14950 14950 6763232 5256615 1506617 130485 0 0 0 0 130485 1637102 6763232 0 0 0 0 0 6763232 0 0 0 6763232 5256615 0 0 0 0 0 5256615 0 0 0 5256615 SchD_P04_S00_L02b Schedule D, Part IV, Line 2b HOLDING LOAN INTEREST PAYMENT GUARANTEE FOR AMBER SchD_P10_S00_L00 Schedule D, Part X ACCOUNTS PAYABLE TO NCLR FOR OPREATING EXPENSES INCURED ON BEHALF OF RDF X X 0 0 0 0 0 0 0 0 0 Tom Espinoza 227191 0 21063 0 0 0 0 0 0 0 248254 0 193886 0 Mark Van Brunt 177467 0 18469 0 0 0 0 0 0 0 195936 0 155506 0 Alejandro Fuentes 127523 0 15041 0 0 0 0 0 0 0 142564 0 96555 0 Laura Kozel 172296 0 5477 0 0 0 0 0 0 0 177773 0 155517 0 Jim Ford 117619 0 12670 0 0 0 0 0 0 0 130289 0 120042 0 Bernarda Duarte 100577 0 11176 0 0 0 0 0 0 0 111753 0 0 0 Community Development Trust President / CEO 1900000 Participation of a loan originated by RDF 1 F990_P06_S0A_L02 Form 990, Part VI, Section A, Line 2 J Reilly Director is a Chief Executive at CDT to which RDF has sold loans. J Feild Director is also a director of CDT and could recieve stock compensation F990_P06_S0A_L07b Form 990, Part VI, Section A, Line 7b The Board of Directors as provided in the Articles of Incorporation shall be the first Board of Directors. Thereafter, NCLR shall elect directors to; a) fill vacancies as a result of terms that are due to expire, or b) fill vacancies where appointments have been made by the Board of Directors as provided for hereinbelow. Each director elected shall hold office for the term for which he or she is elected or until his or her successor is elected or until his or her earlier death, resignation or removal. Between meetings of NCLR, the Board of Directors may elect persons to fill vacancies on the Board of Directors F990_P06_S0B_L11 Form 990, Part VI, Section B, Line 11 Prior to the completion of the 990, a draft of the document is submitted to the audit committee for review. Any questions or issues are then address with the CFO F990_P06_S0B_L12c 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. F990_P06_S0B_L15 Form 990, Part VI, Section B, Line 15 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. F990_P06_S0C_L19 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. RAZA SCHOOL BUILDING FUND LLC 1 E WASHINGTON STREET STE 2250 PHOENIX AZ 85004 521954196 LENDING CAPITAL TO CHARTER SCHOOL REALESTATE TRANSACTIONS DE 389107 -49143 RAZA DEVELOPMENT FUND INC THE ORGANIZATION IMPLEMENTED AN UPDATE TO ITS POLICY FOR MANAGING RISK, WHICH UN TURN DELAYED THE ISSUANCE OF THE FINANCIAL AUDIT