Raza Development Fund Inc

PHOENIX, AZ EIN: 52-1954196 Website

RDF IS UNLOCKING LASTING PROSPERITY IN COMMUNITIES ACROSS AMERICA.

Financial Overview

From 2024 IRS Form 990-PF

Total Assets

$363.1M

+8.3% YoY

Annual Giving

$1.2M

+105.1% YoY

Grant Count

14

+250.0% YoY

Avg Grant Size

$86K

-41.4% YoY

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Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$13M$26M$40M$53M20202021202220232024
Metric202420232022
Total Assets$363,067,878$335,227,129$296,838,353
Revenue$25,660,512$26,318,340$48,137,884
Expenses$23,615,314$20,725,703$24,595,544
Qualifying Distributions
Net Investment Income$3,192,211$2,172,984$279,354
Distributable Amount

Giving Over Time

Total grant dollars and number of grants per year

$0$919K$2M$3M$4M74 grants202020 grants202126 grants20224 grants202314 grants2024

Grant Insights

How this funder distributes its grants

Top Recipients

Top 10 recipients in 2024

MADHOUSE DEVELOPMENT$500KJUNTOS COMMUNITY$200KVALCOM VENTURES$100KDREAM ON$100KCASA FAMILIAR$100KESPERANZA HEALTH CENTER$25KLA CLINICA DE LA RAZA$25KCONGRESO DE LATINOS UNIDOS$25KMARY'S CENTER$25KTIBURCIO VASQUEZ HC$25K

Grant Size Distribution

138 grants across all recorded years

117<$50K6$50–100K7$100–250K1$250–500K7$500K–1M$1–5M$5M+

Giving History

Grant recipients and amounts by year

No grants recorded for .

Who else does Raza Development Fund Inc fund?

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Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

MARY ANN DONOVANPRESIDENT & CEO$527KRODRIGO VELAFORMER CFO (THRU 6/30/23)$382KMELISSA MCDONALDCHIEF PEOPLE & OPERATIONS OF…$327KDAVID CLOWEREVP STRATEGIC INVEST (THRU 2…$318KADRIAN RUIZCHIEF INVESTMENT OFFICER$227KANTONIO LOPEZCHIEF FINANCIAL OFFICER$227KSCOTT RICHTERCHIEF CREDIT OFFICER$214KJUAN MADRIDDEPUTY CFO & CONTROLLER$210KAMANDA SANCHEZVP OF EDUCATION$183KPEDRO CHAVESDEPUTY CHIEF CREDIT OFFICER$165KCATHERINE KESSR DIRECTOR OF SPECIALTY FIN…$150KSIMA THAKKARSVP COMMUNITY INNOVATIONS$150K

From 2024 filing

NameTitleHoursCompensation
MARY ANN DONOVANPRESIDENT & CEO40$526,911
DANIEL ORTEGABOARD CHAIR1
BRENDA LOYAVICE CHAIR1
KENNETH I TRUJILLOSECRETARY (BEG 5/17/24)1
JOSEPH F REILLYSECRETARY (THRU 5/16/24)1
AARON DOMINGUEZBOARD MEMBER1
DONNA GAMBRELLBOARD MEMBER1
LUIS GRANADOSBOARD MEMBER1
MARIA S SALINASBOARD MEMBER1
J REYMUNDO OCANASBOARD MEMBER1
JANET MURGUIABOARD MEMBER1
ANTONIO LOPEZCHIEF FINANCIAL OFFICER40$227,229
MELISSA MCDONALDCHIEF PEOPLE & OPERATIONS OFFICER40$327,428
DAVID CLOWEREVP STRATEGIC INVEST (THRU 2/15/24)40$318,489
SCOTT RICHTERCHIEF CREDIT OFFICER40$213,974
ADRIAN RUIZCHIEF INVESTMENT OFFICER40$227,493
ERIK HARTMANCHIEF IT OFFICER (BEG 5/13/24)40
JUAN MADRIDDEPUTY CFO & CONTROLLER40$210,291
PEDRO CHAVESDEPUTY CHIEF CREDIT OFFICER40$164,998
AMANDA SANCHEZVP OF EDUCATION40$182,957
CATHERINE KESSR DIRECTOR OF SPECIALTY FINANCE40$150,413
SIMA THAKKARSVP COMMUNITY INNOVATIONS40$150,021
RODRIGO VELAFORMER CFO (THRU 6/30/23)40$381,866

Geographic Focus

Where this funder has awarded grants

Grant Distribution by State

12states
+4 more states

Cities

AustinBronxBrooklynChandlerChicagoChula VistaClevelandEl PasoFlagstaffGlendaleHoustonHuntington BeachJackson HeightsLos AngelesOaklandOntarioOpalockaPhiladelphiaPhoenixPortland

Data last updated March 2026. Sourced from IRS Form 990-PF filings.

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