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Organizations Community Improvement & Capacity Building Raza Development Fund Inc.

Raza Development Fund Inc.

Fiscal year ending 2022. Filed on August 14, 2023.

410 E Southern Ave
Phoenix, Arizona 85040

Raza Development Fund Inc. (EIN: 52-1954196) has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2022 IRS Form 990 filing, Raza Development Fund Inc., a 501(c)(3) charitable organization, reported compensation for 12 out of 48 total employees. Among the employees shown here, the average compensation is $298,036. The highest compensated employee at Raza Development Fund Inc. is Janet Murguia with fiscal year 2022 compensation of $668,841.

Revenue, expenses, and employee compensation

Revenue

$48,137,884

Expenses

$24,595,544

Employee compensation

$7,620,915
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Janet Murguia
Board Member
$668,841
$0 $615,995 $52,846
Tom Espinoza
President and Chief Executive Officer
$551,968
$508,291 No related comp$43,677
Rodrigo Vela
Chief Financial Officer
$349,018
$294,322 No related comp$54,696
David Clower
Chief Investment Officer
$332,420
$278,961 No related comp$53,459
Melissa McDonald
Chief Operating Officer
$325,016
$282,920 No related comp$42,096
Antonio Lopez
Deputy Chief Financial Officer
$210,131
$165,888 No related comp$44,243
Juan Madrid
Controller
$209,449
$165,252 No related comp$44,197
Scott Richter
Chief Credit Officer
$207,883
$174,740 No related comp$33,143
Adrian Ruiz
Deputy Chief Investment Officer
$203,429
$159,686 No related comp$43,743
Mark van Brunt
Executive Vice President (Thru 4/30/22)
$181,942
$140,625 No related comp$41,317
Brian Champeau
Director - EAST Coast Region
$172,824
$131,535 No related comp$41,289
Catherine Kes
Director - Specialty Finance
$163,506
$132,694 No related comp$30,812

Benchmark Employee Compensation

Non-Employee Board Members

Aaron Dominguez
Board Member
Art Ruiz
Board Member
Brenda Loya
Vice Chair
Daniel Ortega
Board Chair
Donna Gambrell
Board Member
James W Feild
Board Member
Joseph F Reilly
Secretary
Kenneth I Trujillo
Board Member
Luis Granados
Board Member
Mary Ann Donovan
President/Ceo (BEG 8/1/22)

Contractors

United Fund Advisors LLC
Nmtc Advisory
$686,250
Veracruz Advisory LLC
Community Leadership
$370,216
Novogradac & Company LLP
Audit Fees
$281,000
Bergman & Allderdice
Legal Fees
$203,376
Bre Iconic Holdco
Employee Development
$153,506

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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