Compensation 990

Raza Development Fund Inc.

Fiscal year ending 2024. Filed on August 14, 2025.

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 2024 IRS Form 990 filing, Raza Development Fund Inc., a 501(c)(3) charitable organization, reported compensation for 14 out of 47 total employees. Among the employees shown here, the average compensation is $335,907. The highest compensated employee at Raza Development Fund Inc. is Janet Murguia with fiscal year 2024 compensation of $737,689.

Revenue, expenses, and employee compensation

Revenue

$25,660,512

Expenses

$23,615,314

Employee compensation

$7,167,491
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

＋4.1%vs 2023
Janet Murguia
Board Member
$737,689
$0 from org$676,570 from related$61,119 other
＋192.1%vs 2023
Mary Ann Donovan
President and Chief Executive Officer
$580,725
$526,911 from orgNo related comp$53,814 other
＋2.2%vs 2023
Rodrigo Vela
Former CFO (Thru 6/30/23)
$438,797
$381,866 from orgNo related comp$56,931 other
－0.3%vs 2023
David Clower
Executive Vice President Strategic Invest (Thru 2/15/24)
$377,367
$318,489 from orgNo related comp$58,878 other
＋1.3%vs 2023
Melissa McDonald
Chief People and Operations Officer
$374,447
$327,428 from orgNo related comp$47,019 other
＋14.5%vs 2023
Antonio Lopez
Chief Financial Officer
$279,238
$227,229 from orgNo related comp$52,009 other
＋17.5%vs 2023
Adrian Ruiz
Chief Investment Officer
$279,118
$227,493 from orgNo related comp$51,625 other
＋11.3%vs 2023
Juan Madrid
Deputy CFO and Controller
$260,474
$210,291 from orgNo related comp$50,183 other
＋6.1%vs 2023
Scott Richter
Chief Credit Officer
$251,691
$213,974 from orgNo related comp$37,717 other
＋23.9%vs 2023
Amanda Sanchez
Vice President, Education
$230,894
$182,957 from orgNo related comp$47,937 other
New in 2024
Pedro Chaves
Deputy Chief Credit Officer
$199,105
$164,998 from orgNo related comp$34,107 other
＋7.3%vs 2023
Catherine Kes
SR Director of Specialty Finance
$184,045
$150,413 from orgNo related comp$33,632 other

Non-Employee Board Members

Aaron Dominguez
Board Member
Brenda Loya
Vice Chair
Daniel Ortega
Board Chair
Donna Gambrell
Board Member
J Reymundo Ocanas
Board Member
Joseph F Reilly
Secretary (Thru 5/16/24)
Kenneth I Trujillo
Secretary (BEG 5/17/24)
Luis Granados
Board Member
Maria S Salinas
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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