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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 Washington Area Community Investment Fund Inc.

Washington Area Community Investment Fund Inc.

Fiscal year ending 2024. Filed on July 18, 2025.

2012 Rhode Island Avenue NE
Washington, District of Columbia 20018

Washington Area Community Investment Fund Inc. (EIN: 54-1442466) has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2024 IRS Form 990 filing, Washington Area Community Investment Fund Inc., a 501(c)(3) charitable organization, reported compensation for 8 out of 48 total employees. Among the employees shown here, the average compensation is $171,628. The highest compensated employee at Washington Area Community Investment Fund Inc. is Shannan Herbert with fiscal year 2024 compensation of $233,491.

Revenue, expenses, and employee compensation

Revenue

$4,141,530

Expenses

$6,386,456

Employee compensation

$3,806,441
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Shannan Herbert
Chief Executive Officer
$233,491
$209,947 No related comp$23,544
Megan Carras
Chief Development Officer
$191,252
$181,790 No related comp$9,462
Kimberly Gayle
Chief Program Officer
$188,023
$168,027 No related comp$19,996
Shauna Yeldell
Chief Lending Officer Until 10/16/24
$187,378
$152,730 No related comp$34,648
Messay Derebe
AAC General Director
$161,686
$146,736 No related comp$14,950
Sherry Gustafson
Director of Finance Until 12/06/2024
$159,483
$142,806 No related comp$16,677
Junell Venord
Senior Human Capital Director
$156,887
$143,488 No related comp$13,399
Kevin Fryatt
CFOO and Co-Interim CEO Until 5/3/24
$94,825
$82,837 No related comp$11,988

Benchmark Employee Compensation

Non-Employee Board Members

Abigail Suarez
Board Member
Andrea Longton
Board Member
Aquil Stinson
Board Member
Brian Nagendra
Treasurer
Caryln Madden
Board Member
Corey Griffin
Board Member
Courtney R Snowden
Board Member
Emeka Moneme
Board Member
Evan Piekara
Board Member
Jessel Amin
Board Member
Klade Hare Nersasian
Board Member
MacEo Clark
Board Member

Mission Statement

THE WASHINGTON AREA COMMUNITY INVESTMENT FUND (WACIF) IS A NONPROFIT COMMUNITY LOAN FUND FOCUSED ON INCREASING EQUITY AND ECONOMIC OPPORTUNITY IN THE WASHINGTON, DC AREA'S UNDERSERVED COMMUNITIES. WACIF'S MISSION IS DRIVEN IS DRIVEN BY THREE STRATEGIC PILLARS: INCLUSIVE ENTREPRENEURSHIP, COMMUNITY WEALTH BUILDING, AND EQUITABLE ECONOMIC OPPORTUNITY, AND IS FULFILLED BY PROVIDING ACCESS TO CAPITAL PRODUCTS AND SERVICES, AND CAPACITY BUILDING ADVISORY SERVICES TO LOW- AND MODERATE-INCOME ENTREPRENEURS.

Revisions to this organization profile

July 18, 2025:
2024 Washington Area Community Investment Fund Inc. 990 filed
May 7, 2024:
2023 Washington Area Community Investment Fund Inc. 990 filed
May 12, 2023:
2022 Washington Area Community Investment Fund Inc. 990 filed

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