Pennsylvania Cdfi Network
Pennsylvania CDFI Network is a Philadelphia-based community improvement and capacity building organization established in 1997. The organization is also known as the Pennsylvania Microenterprise Coalition. As a 501(c)(3) nonprofit, it operates with a small team of 4 employees and serves as a collaborative hub for regional and statewide initiatives supporting small business development and community economic development.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$4.2M
+225.6% YoY
Annual Giving
$15.0M
+4.4% YoY
Grant Count
740
+6066.7% YoY
Avg Grant Size
$20K
-98.3% YoY
Mission & Focus Areas
The organization's primary focus is urban and community economic development (NTEE code S31). Pennsylvania CDFI Network collaborates on regional and statewide initiatives to support small businesses, leveraging its capacity to engage with large-scale funders. This enables the deployment of resources to a wider range of business owners than any single CDFI can serve independently.
The organization's work encompasses:
- Small business support and development
- Community economic development initiatives
- Technical assistance to CDFIs and community development organizations
- Grant management and program administration
Grantmaking
Pennsylvania CDFI Network makes grants to support community development financial institutions and related organizations. Recent grantmaking activity includes:
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Geographic Focus
Where this funder awards grants
Pennsylvania CDFI Network operates statewide throughout Pennsylvania, with particular emphasis on regional initiatives that serve multiple communities across the state.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
2024 Financial Data:
- Total Assets: $4,170,892
- Total Revenues: $18,368,769
- Total Expenses: $17,800,737
- Total Giving: $16,626,469
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $4,170,892 | $1,280,928 | $12,721,223 |
| Revenue | $18,368,769 | $17,412,624 | $13,231,920 |
| Expenses | $17,800,737 | $17,336,132 | $13,145,735 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $163,628 | $215,381 | $6,891 |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
129 grants across all recorded years
Open Grants
4 open opportunities from Pennsylvania Cdfi Network
Drive Your Business Program
PENNSYLVANIA CDFI NETWORK
Amount
$1,000,000
Deadline
Rolling / Open
Historically Disadvantaged Business Assistance Program (HDBA Grants)
PENNSYLVANIA CDFI NETWORK
Amount
Varies
Deadline
Rolling / Open
Philadelphia Growth, Resiliency, Independence, Tenacity Fund (PHL GRIT Fund)
PENNSYLVANIA CDFI NETWORK
Amount
$100,000,000
Deadline
Rolling / Open
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
Leslie Benoliel leads the organization as its executive director.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| VARSOVIA FERNANDEZ | CEO | 50 | $206,800 |
| LESLIE BENOLIEL | TREASURER | 1 | — |
| DANIEL BETANCOURT | CHAIRMAN | 1 | — |
| JAMES BURNETT | VICE CHAIRMA | 1 | — |
| MICHELE CLAPPER | ASSISTANT SE | 1 | — |
| CHRIS HUDOCK | SECRETARY | 1 | — |
| DAVID KAHLEY | DIRECTOR | 1 | — |
| MARK MASTERSON | FIRST VICE C | 1 | — |
| RECO OWENS | DIRECTOR | 1 | — |
| EVELYN SMALLS | DIRECTOR | 1 | — |
Recent News & Activity
Recent developments and announcements
In 2020-2021, Pennsylvania CDFI Network obtained $249 million from CARES Act resources to manage state and county-based programs. Through the "Keep Your Doors Open" program, the organization delivered recovery grants to 14,500 small businesses, with 57% of funds directed to businesses owned by people of color.
Pennsylvania awards $15 million in grants to support small ...The organization has secured significant funding to support its mission, including a recent $45 million commitment to advance its community development work.
Shapiro Administration Invests $15 Million to Provide Direct Support ...Subject Areas
Focus areas based on grantmaking activity
Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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