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Organizations Community Improvement & Capacity Building Community Reinvestment Fund Inc.

Community Reinvestment Fund Inc.

Fiscal year ending 2021. Filed on March 29, 2022.

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 2021 IRS Form 990 filing, Community Reinvestment Fund Inc., a 501(c)(3) charitable organization, reported compensation for 16 out of 93 total employees. Among the employees shown here, the average compensation is $377,457. The highest compensated employee at Community Reinvestment Fund Inc. is Frank Altman with fiscal year 2021 compensation of $802,607.

Revenue, expenses, and employee compensation

Revenue

$69,198,385

Expenses

$46,700,294

Employee compensation

$15,130,825
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Frank Altman
Chief Executive Officer
$802,607
$784,904 No related comp$17,703
Jennifer Anderson
President and Chief Financial Officer
$584,850
$449,911 No related comp$134,939
Keith Rachey
Senior Vice President Cheif Impact Officer
$491,822
$360,939 No related comp$130,883
Nicholas Elders
Senior Vice President of Technology Platforms
$489,321
$258,324 $107,712 $123,285
Erik Mau
Principal Architect
$391,394
$202,351 $84,478 $104,565
Erik Swenson
Vice President of Technology Solutions
$381,172
$196,219 $85,370 $99,583
Patrick Davis
Vice President of Program Strategy
$356,763
$292,633 No related comp$64,130
Jennifer Novak
Senior Vice President Capital Markets
$349,360
$317,196 No related comp$32,164
Gary Holmquist
Regional Director of Business Development
$348,195
$316,832 No related comp$31,363
Judith Jandro
Senior Vice President Small Business Lending
$319,001
$289,580 No related comp$29,421
Michelle Page
Vice President of LOAN Servicing
$305,136
$284,613 No related comp$20,523
Eric Chapin
General Counsel
$303,950
$273,531 No related comp$30,419

Benchmark Employee Compensation

Non-Employee Board Members

Andrew Posner
Trustee
Calvin Holmes
Trustee
Chrystel Cornelius
Trustee
Daniel Spiller
Trustee
David Adame
Trustee
Donet Graves
Trustee (Left 9/2021)
Gary Cunnigham
Trustee
Gavin Borowiak
Trustee
Jacqueline Woods
Trustee
Kathryn Rock
Trustee
Laura Trudeau
Secretary
Luther Ragin Jr
Vice Chair

Contractors

Accountemps
Temporary Contract Employees
$5,774,637
Perkins Coie
Attorney
$573,919
Robert Half
Temporary Contract Employees
$551,811
Cliftonlarsonallen LLP
Accounting
$346,035
Main Street Funding Group
Consulting
$306,538

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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