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Compensation 990 is an independent service that uses public IRS Form 990 filings as its source data. We clean and standardize this information, but the original filings may contain errors or omissions. Years on this site refer to the organization’s fiscal year end date on the filing.

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Organizations Community Improvement & Capacity Building Community Reinvestment Fund Inc.

Community Reinvestment Fund Inc.

Fiscal year ending 2016. Filed on February 9, 2017.

801 Nicollet Mall 1700w
Minneapolis, Minnesota 55402

Community Reinvestment Fund Inc. (EIN: 41-1616861) has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2016 IRS Form 990 filing, Community Reinvestment Fund Inc., a 501(c)(3) charitable organization, reported compensation for 18 out of 84 total employees. Among the employees shown here, the average compensation is $219,799. The highest compensated employee at Community Reinvestment Fund Inc. is Frank Altman with fiscal year 2016 compensation of $425,725.

Revenue, expenses, and employee compensation

Revenue

$26,158,500

Expenses

$25,531,623

Employee compensation

$9,631,772
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Frank Altman
President and Chief Executive Officer
$425,725
$410,146 No related comp$15,579
Daniel Komarek
Senior Vice President and CLO
$286,311
$259,200 No related comp$27,111
Gary Holmquist
Reg Director of Bus Develop
$269,882
$238,914 No related comp$30,968
Keith Rachey
Senior Vice President and Chief Operating Officer
$261,339
$240,178 No related comp$21,161
Jennifer Novak
Vice President of Capital Markets
$238,384
$210,000 No related comp$28,384
Scott Young
Former Svp/Cfo (Term. 6/2015)
$237,442
$230,278 No related comp$7,164
Colleen Schwartz
Vice President of Affordable Hsg Lending
$227,692
$203,767 No related comp$23,925
Dawn Johnson
Vice President and CPO
$219,087
$201,324 No related comp$17,763
Brian Burke
National Director of SBA
$201,123
$185,179 No related comp$15,944
Robert Treadway
SBLC COO
$198,291
$169,542 No related comp$28,749
Jennifer Ericson
Reg Director of Bus Development
$198,204
$175,357 No related comp$22,847
Nicholas Elders
Vice President of Tech. Sol. and Services
$193,590
$164,556 No related comp$29,034

Benchmark Employee Compensation

Non-Employee Board Members

Alton M Bathrick
Treasurer
Calvin L Holmes
Trustee
Daniel Spiller
Trustee
David Scheck
Trustee
Gerald Thole
Trustee
James J Solem
Trustee
James R Klein
Trustee
Jim Baird
Trustee
Karl Egge
Trustee
Kim Latimer-Nelligan
Chair
Michael Banner
Trustee
Reza Aghamirzadeh
Vice Chair

Contractors

Perkins Coie LLP
Legal
$552,833
Novogradic Company LLP
Accounting
$201,575
Mark Gavin Consulting
Consulting
$176,160
Grant Thornton LLP
Accounting
$159,510
Terra Search Partners
Empoyment
$131,500

Mission Statement

TO IMPROVE LIVES AND STRENGTHEN COMMUNITIES THROUGH INNOVATIVE FINANCIAL SOLUTIONS.

Revisions to this organization profile

February 5, 2025:
2024 Community Reinvestment Fund Inc. 990 filed
February 5, 2024:
2023 Community Reinvestment Fund Inc. 990 filed
February 10, 2023:
2022 Community Reinvestment Fund Inc. 990 filed

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