Community Reinvestment Fund Inc
Community Reinvestment Fund Inc is a Minneapolis, Minnesota-based public charity that works with partners to expand economic opportunity for small businesses and communities. Its work includes lending, technology, and services intended to increase access to capital for under-resourced small businesses and support community development lenders.
Community Reinvestment Fund Inc at a glance
In short: Community Reinvestment Fund Inc gave $350K across 49 grants in 2025 (avg $7K), top state Ohio. Source: 2025 IRS Form 990.
- Annual giving (2025)
- $350,000
- +10.5% vs 2024
- Grants made (2025)
- 49
- +444.4% vs 2024
- Average grant
- $7,143
- -79.7% vs 2024
- Median grant
- $5,300
- Total assets
- $199,070,542
- +4.8% vs 2024
- Primary geography
- Ohio (40% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990, 2025 View filing
Data from IRS Form 990, 2025; updated September 2026.
How to apply to Community Reinvestment Fund Inc
- Contact
Mailing address: 801 Nicollet Mall 1700W, Minneapolis, MN 55402
Phone: (612) 338-3050
Website: https://crfusa.com
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Community Reinvestment Fund Inc funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
The largest 2025 recipient was Ascendus Inc ($60K). Together the top 10 received $143K.
Grant Size Distribution
100 grants across all recorded years
The most common grant size was under $50K: 79 grants of 100 (79%).
Geographic Focus
Where this funder awards grants
CRF’s website describes its lending as national, with loans in all 50 states and the District of Columbia. In its 2025 grantmaking, the largest shares of grant dollars went to recipients in Ohio (40%), New York (17%), Florida (9%), Kentucky (9%), and North Carolina (8%).
Grant Distribution by State
Share of 2025 grant dollars across all 49 itemized grants.
States
Cities
How Community Reinvestment Fund Inc gives
- Giving fell 56% from 2022 to 2025. Method
From the foundation's IRS Form 990 filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2025, annual grant giving ranged from $36K (2019) to $3.4M (2021). In 2025 it made 49 grants totaling $350K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Ascendus Inc New York, NY | Operating Support | $60,000 |
| Economic and Community Development Institute Columbus, OH | Operating Support | $40,000 |
| The Country Meat Co Marketplace LLC Cincinnati, OH | Operating Support | $6,200 |
| Acorns to Oak Trees Columbus, OH | Operating Support | $5,300 |
| African Food Palace Chicago, IL | Operating Support | $5,300 |
| Black Mule LLC Tampa, FL | Operating Support | $5,300 |
| Blak Koffee Internet Cafe LLC Louisville, KY | Operating Support | $5,300 |
| Brunch and Soul Food LLC Louisville, KY | Operating Support | $5,300 |
| Candy Cuffs LLC Cleveland, OH | Operating Support | $5,300 |
| Cardinal Property Analysts LLC Columbus, OH | Operating Support | $5,300 |
Ready to take the next step with Community Reinvestment Fund Inc?
Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2025 | $199,070,542 | $46,782,310 | $31,421,112 | $350,000 | 49 | — |
| 2024 | $189,995,061 | $35,726,052 | $32,849,855 | $316,667 | 9 | — |
| 2023 | $193,075,984 | $55,474,462 | $45,512,446 | $580,323 | 10 | $8,568,393 |
| 2022 | $166,360,640 | $38,368,250 | $32,918,771 | $800,000 | 16 | — |
| 2021 | $307,729,256 | $69,198,385 | $46,700,294 | $3,420,500 | 16 | — |
| 2020 | $272,393,749 | $53,118,127 | $32,885,047 | $150,000 | 3 | — |
| 2019 | $121,270,124 | $23,357,764 | $21,442,217 | $36,000 | 1 | — |
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
CRF’s mission is to expand economic opportunity for small businesses and communities by reimagining how capital and resources flow. It also describes its mission as improving lives and strengthening communities through innovative financial solutions.
Its work includes direct small-business lending, loan programs for community development financial institutions, technology solutions that support lending, and loan servicing and fund administration. It also partners with community stakeholders to develop and deliver programs for under-resourced small businesses. Its website describes disaster response as a partnership model combining national resources with local expertise; its framework includes relief, recovery, and resilience.
Grantmaking
In filing year 2025, CRF reported 49 grants totaling $350,000. Grant amounts ranged from $5,300 to $60,000, with a median of $5,300. The listed grants were for operating support.
The largest reported grant was $60,000 to Ascendus Inc. Ascendus describes its mission as empowering low-to-moderate income business owners through access to capital and financial education. Other large grants included $40,000 to Economic and Community Development Institute and $6,200 to The Country Meat Co Marketplace LLC.
Leadership & Key People
Leadership team and compensation from IRS filings
Officers and directors listed on the 2025 filing include Matthew Roth, CEO and president; Jennifer Novak, SVP CDFI Fund Programs; Alexis Dishman, SVP chief lending officer; Patrick Davis, SVP platform and technology services; Kinfe Argaw, SVP chief credit officer; Charity Vickers, SVP chief people officer; Paul Tremewan, SVP chief financial officer; Katelyn Bednarski, SVP chief of staff; Anna Burgett, chief legal counsel; and Sandra Delancy, senior director of EDMA.
Community Reinvestment Fund Inc is led by Matthew Roth, CEO & President on every filing since 2023; 16 of 34 officers listed in 2025 are compensated.
Officers on the 2025 filing
Matthew Roth
CEO & President
On filings since 2023
40 hrs/week
$299K (2024) → $532K (2025)
Daniel Spiller
Chair
Trustee → Vice Chair, 2022
Vice Chair → Chair, 2024
On filings since 2019
1 hr/week
No compensation reported
Sandra Delancy
Senior Director of Edma
On filings since 2024
40 hrs/week
$186K (2024) → $201K (2025)
Bill Krugler
Trustee
On filings since 2019
1 hr/week
No compensation reported
Calvin Holmes
Trustee
On filings since 2019
1 hr/week
No compensation reported
Gavin Borowiak
Trustee
On filings since 2019
1 hr/week
No compensation reported
Luther Ragin Jr.
Trustee
Trustee → Vice Chair, 2020
Vice Chair → Trustee, 2022
On filings since 2019
1 hr/week
No compensation reported
Reza Aghamirzadeh
Trustee
Vice Chair → Chair, 2020
Chair → Trustee, 2024
On filings since 2019
1 hr/week
No compensation reported
Tony Brown
Trustee
On filings since 2019
1 hr/week
No compensation reported
Chrystel Cornelius
Trustee
On filings since 2021
1 hr/week
No compensation reported
Ruben Alonso III
Trustee
On filings since 2023
1 hr/week
No compensation reported
Jie Wang
Trustee
On filings since 2024
1 hr/week
No compensation reported
Kathy Rock
Trustee
On filings since 2024
1 hr/week
No compensation reported
George Surgeon
Trustee
New on the 2025 filing
1 hr/week
No compensation reported
Ja'net Defell
Trustee
New on the 2025 filing
1 hr/week
No compensation reported
Renay Dossman
Trustee
New on the 2025 filing
1 hr/week
No compensation reported
Sara Razavi
Trustee
New on the 2025 filing
1 hr/week
No compensation reported
Eric Chapin
General Counsel
General Counsel → Senior Vice President General Counsel, 2024
Senior Vice President General Counsel → General Counsel, 2025
On filings since 2019
40 hrs/week
$173K (2019) → $160K (2025)
Jennifer Anderson
Chief Administrator Officer
President → Chief Administrative Officer, 2023
Chief Administrative Officer → Chief Administrator Officer, 2024
On filings since 2019
40 hrs/week
$272K (2019) → $90K (2025)
Jennifer Novak
Senior Vice President Cdfi Fund Programs
Senior Vice President Capital Markets → Senior Vice President Cdfi Lending Programs, 2024
Senior Vice President Cdfi Lending Programs → Senior Vice President Cdfi Fund Programs, 2025
On filings since 2019
40 hrs/week
$223K (2019) → $270K (2025)
Peter Bernaciak
Vice President & Structured Finance
Director of Structured Finance → Vice President of Structured Finance, 2020
Vice President of Structured Finance → Vice President & Structured Finance, 2025
On filings since 2019
40 hrs/week
$148K (2019) → $189K (2025)
Patrick Davis
Senior Vice President Platform & Technology Services
Senior Vice President of Platform & Tech Services → Senior Vice President Platform & Tech Services, 2024
Senior Vice President Platform & Tech Services → Senior Vice President Platform & Technology Services, 2025
On filings since 2020
40 hrs/week
$149K (2020) → $253K (2025)
Paul Tremewan
Senior Vice President Chief Financial Officer
Senior Vice President & CFO → Senior Vice President & Chief Financial Officer, 2024
Senior Vice President & Chief Financial Officer → Senior Vice President Chief Financial Officer, 2025
On filings since 2022
40 hrs/week
$202K (2022) → $251K (2025)
Charity Vickers
Senior Vice President Chief People Officer
Senior Vice President Chief People Officer → Senior Vice President & Chief People Officer, 2024
Senior Vice President & Chief People Officer → Senior Vice President Chief People Officer, 2025
On filings since 2023
40 hrs/week
$38K (2023) → $241K (2025)
Erik O'Leary
Principal Architect
On filings since 2023
40 hrs/week
$217K (2023) → $213K (2025)
Kinfe Argaw
Senior Vice President Chief Credit Officer
On filings since 2023
40 hrs/week
$181K (2023) → $233K (2025)
Alexis Dishman
Senior Vice President Chief Lending Officer
Senior Vice President Chief Lend. Officer → Senior Vice President Chief Lending Officer, 2025
On filings since 2024
40 hrs/week
$86K (2024) → $246K (2025)
Anna Burgett
Chief Legal Counsel
Senior Associate General Counsel → Chief Legal Counsel, 2025
On filings since 2024
40 hrs/week
$178K (2024) → $211K (2025)
Katelyn Bednarski
Senior Vice President Chief of Staff
On filings since 2024
40 hrs/week
$171K (2024) → $212K (2025)
Anisha Murphy
Vice President, Program Design & Execution
New on the 2025 filing
40 hrs/week
$189K (2025)
Cyrus Kharas
Vice President, Program Design & Execution
New on the 2025 filing
40 hrs/week
$198K (2025)
Laura Trudeau
Secretary
On filings since 2019
1 hr/week
No compensation reported
Steve Kent
Treasurer
Trustee → Treasurer, 2020
On filings since 2019
1 hr/week
No compensation reported
Jeanine Jacokes
Secretary
Trustee → Secretary, 2025
On filings since 2023
1 hr/week
No compensation reported
Former officers (36)
- Former: David Adame (2019–2024) — Trustee
- Former: Frank Altman (2019–2024) — CEO
- Former: Jennifer Ericson (2019–2024) — Vice President of Lending
- Former: Keith Rachey (2019–2024) — Executive Vice President Chief Impact Officer
- Former: Willie F. Logan (2019–2024) — Trustee
- Former: Judith Jandro (2020–2024) — Senior Vice President Small Bus. Lending
- Former: Brandon Dixon (2021–2024) — Senior Vice President Chief Credit Officer
- Former: Jacqueline Woods (2021–2024) — Trustee
- Former: Simon McNeil (2022–2024) — Senior Vice President & COO
- Former: Tasha Parker (2024) — Vice President Business Operations
- Former: Andy Posner (2019–2023) — Trustee
- Former: Gary Holmquist (2019–2023) — Regional Director of Business Development
- Former: Nicholas Elders (2019–2023) — CEO - Ignify
- Former: Debra Mounsey (2020–2023) — Vice President of Human Resources
- Former: Erik Mau (2020–2023) — Chief Technology Officer - Ignify
- Former: Kathryn Rock (2020–2023) — Trustee
- Former: William Krugler (2020–2023) — Trustee
- Former: Erik Swenson (2021–2023) — Chief Operating Officer - Ignify
- Former: Gary Cunningham (2021–2023) — Trustee
- Former: Stefanie Steward-Young (2021–2023) — Trustee
- Former: Michelle Page (2019–2022) — Vice President of Loan Servicing
- Former: Andrew Posner (2020–2022) — Trustee
- Former: Daniel Komarek (2019–2021) — Cheif Risk Officer
- Former: Donet Graves (2020–2021) — Trustee
- Former: Eileen Fitzgerald (2019–2020) — Treasurer
- Former: Kimberly Lattimer-Nelligan (2019–2020) — Trustee
- Former: Michael Banner (2019–2020) — Trustee
- Former: Salli Martyniak (2019–2020) — Secretary
- Former: Dawn Johnson (2019) — Vice President & Cpo
- Former: Don Graves (2019) — Trustee
- Former: Eric Mau (2019) — Principal Architect
- Former: Gerald Thole (2019) — Trustee
- Former: Hyeok Jae Kang (2019) — Capital Markets Controller
- Former: Janie Barrera (2019) — Trustee
- Former: Judy Jandro (2019) — Senior Vice President Small Business Lending
- Former: Robert Treadway (2019) — Large Loan Process Team Lead
Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $532K, to Matthew Roth (CEO & President). 16 officers or directors reported compensation on that filing.
Frequently asked questions about Community Reinvestment Fund Inc
How much does Community Reinvestment Fund Inc give each year?
Community Reinvestment Fund Inc gave $350K across 49 grants in 2025, according to its 2025 IRS Form 990. In 2024 it gave $317K across 9 grants.
What is Community Reinvestment Fund Inc's typical grant size?
Community Reinvestment Fund Inc's median grant in 2025 was $5,300, and its average grant was $7,143, across 49 grants on its 2025 IRS Form 990.
Where does Community Reinvestment Fund Inc give grants?
Community Reinvestment Fund Inc's top state is Ohio, with 40% of the grant dollars itemized on its 2025 IRS Form 990. The next largest states were New York (17%) and Florida (9%). The most frequent recipient cities were Columbus, OH (8 grants), Cincinnati, OH (6 grants), Tampa, FL (6 grants) and Louisville, KY (6 grants).
Does Community Reinvestment Fund Inc give general operating support?
Yes: 100% of Community Reinvestment Fund Inc's 2025 grants with a stated purpose (49 of 49) were for general or operating support, per its 2025 IRS Form 990.
Who are Community Reinvestment Fund Inc's largest grantees?
Community Reinvestment Fund Inc's largest 2025 grantees include Ascendus Inc ($60,000), Economic and Community Development Institute ($40,000) and The Country Meat Co Marketplace LLC ($6,200), according to its 2025 IRS Form 990. Together they received 30% of its itemized 2025 grant dollars.
How large is Community Reinvestment Fund Inc?
Community Reinvestment Fund Inc reported $199.1M in total assets on its 2025 IRS Form 990. Its revenue that year was $46.8M.
What does Community Reinvestment Fund Inc fund?
CRF’s mission is to expand economic opportunity for small businesses and communities by reimagining how capital and resources flow. It also describes its mission as improving lives and strengthening communities through innovative financial solutions. See mission & focus areas ↑
How do I apply for a grant from Community Reinvestment Fund Inc?
Community Reinvestment Fund Inc has no public application process in the sources Grantable reviewed. Check crfusa.com for current guidelines, or contact the foundation directly before submitting a request.
What is Community Reinvestment Fund Inc's EIN?
Community Reinvestment Fund Inc's EIN (Employer Identification Number) is 41-1616861. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990 filings. Research dossier generated September 2026.
Data update history
(8)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2019 (received by the IRS February 20, 2020)
- Updated Form 990 for fiscal year 2020 (received by the IRS March 22, 2021)
- Updated Form 990 for fiscal year 2021 (received by the IRS March 29, 2022)
- Updated Form 990 for fiscal year 2022 (received by the IRS February 10, 2023)
- Updated Form 990 for fiscal year 2023 (received by the IRS February 5, 2024)
- Updated Form 990 for fiscal year 2024 (received by the IRS February 5, 2025)
- Updated Form 990 for fiscal year 2025 (received by the IRS February 5, 2026)
- IRS filings on file for fiscal years 2019–2025
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Cite this profile
Grantable. (2026). Community Reinvestment Fund Inc funder profile. GrantGraph. Retrieved October 10, 2026, from https://grantable.co/funders/community-reinvestment-fund-inc-morg_c1d6ae7fac9b4162b9e59029cf6c848d
BibTeX
@misc{grantable_411616861_2026,
author = {{Grantable}},
title = {{Community Reinvestment Fund Inc funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/community-reinvestment-fund-inc-morg_c1d6ae7fac9b4162b9e59029cf6c848d},
note = {Accessed 2026-10-10. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from Community Reinvestment Fund Inc's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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