Compensation 990

Raza Development Fund Inc.

Fiscal year ending 2019. Filed on August 17, 2020.

1 E Washington Street No 2250
Phoenix, Arizona 85004

Raza Development Fund Inc. (EIN: 52-1954196) has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2019 IRS Form 990 filing, Raza Development Fund Inc., a 501(c)(3) charitable organization, reported compensation for 12 out of 36 total employees. Among the employees shown here, the average compensation is $249,558. The highest compensated employee at Raza Development Fund Inc. is Janet Murguia with fiscal year 2019 compensation of $592,987.

Revenue, expenses, and employee compensation

Revenue

$17,322,425

Expenses

$16,665,600

Employee compensation

$4,501,931
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Janet Murguia
Board Member
$592,987
$0 from org$543,105 from related$49,882 other
Tom Espinoza
President and Chief Executive Officer
$410,990
$369,754 from orgNo related comp$41,236 other
Mark van Brunt
Executive Vice President
$321,453
$273,149 from orgNo related comp$48,304 other
Rodrigo Vela
Chief Financial Officer
$292,045
$249,009 from orgNo related comp$43,036 other
David Clower
Chief Investment Officer
$283,711
$236,799 from orgNo related comp$46,912 other
Scott Richter
Chief Credit Officer
$194,805
$154,671 from orgNo related comp$40,134 other
Juan Madrid
Controller
$172,714
$134,279 from orgNo related comp$38,435 other
Melissa McDonald
Chief Operating Officer
$166,762
$138,153 from orgNo related comp$28,609 other
Brian Champeau
Director - Northeast Region
$162,382
$124,829 from orgNo related comp$37,553 other
Antonio Lopez
Deputy Chief Financial Officer
$142,727
$106,670 from orgNo related comp$36,057 other
Laura Avelar
Director - LOAN Operations
$127,921
$110,682 from orgNo related comp$17,239 other
Guadalupe Gomez
Director - Small Business Initiatives
$126,203
$108,062 from orgNo related comp$18,141 other

Non-Employee Board Members

Aaron Dominguez
Board Member
Arabella Martinez
Vice Chair
Art Ruiz
Board Member
Brenda Loya
Board Member
Daniel Ortega
Secretary
Donna Gambrell
Board Member
James W Feild
Board Chair
Janis Bowdler
Board Member
Joseph F Reilly
Board Member
Kenneth I Trujillo
Board Member
Kimberly Latimer-Nelligan
Board Member
Luis Granados
Board Member

Mission Statement

RDF IS A MISSION DRIVEN COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION (CDFI) DEDICATED TO UNLOCKING LASTING PROSPERITY IN COMMUNITIES ACROSS AMERICA. SINCE ITS FOUNDING IN 1999, RDF HAS PROVIDED RESPONSIBLE, ATTAINABLE FINANCIAL SOLUTIONS TO COMMUNITY-BASED ORGANIZATIONS WORKING IN HEALTH, EDUCATION, AFFORDABLE HOUSING, HOMEOWNERSHIP, ENTREPRENEURSHIP, AND COMMUNITY RESILIENCE. RDF IS ONE OF THE FEW CDFIS TO HOLD A PRESTIGIOUS AA- RATING FROM S&P, A REFLECTION OF ITS EXCEPTIONAL FINANCIAL STRENGTH AND IMPACT. TO DATE, RDF HAS INVESTED MORE THAN $1.6 BILLION ACROSS 38 STATES, LEVERAGING OVER $7 BILLION IN ADDITIONAL CAPITAL.

Revisions to this organization profile

August 14, 2025:
2024 Raza Development Fund Inc. 990 filed
August 13, 2024:
2023 Raza Development Fund Inc. 990 filed
August 14, 2023:
2022 Raza Development Fund Inc. 990 filed

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