Rising Tide Community Loan Fund
Rising Tide Community Loan Fund is a 501(c)(3) nonprofit organization headquartered in Bethlehem, Pennsylvania. Founded in 2001 and granted tax-exempt status in December 2002, the organization operates as a Community Development Financial Institution (CDFI) and is the only CDFI headquartered in the Lehigh Valley region.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$6.2M
-8.5% YoY
Revenue
$653K
-31.7% YoY
Net Investment Income
$100K
+259.6% YoY
Expenses
$1.0M
+26.7% YoY
Mission & Focus Areas
Mission Statement: Rising Tide's mission is to support the startup and established small businesses whose risk factors make it difficult to obtain funds from traditional lenders, but who inevitably make up the backbone of a thriving local economy.
The organization specifically targets low- to moderate-income entrepreneurs, including woman-owned, minority-owned, and low-income businesses. Rising Tide addresses capital and capacity gaps in its service area by providing financial products and services tailored to individual borrower needs. The organization works with individuals who may have past credit problems or limited collateral—populations that traditional lenders are often reluctant to serve.
Grantmaking
Rising Tide operates a loan program providing micro-loans, small business loans, and lines of credit that may be used for lease-hold improvements and other business purposes.
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Geographic Focus
Where this funder awards grants
Rising Tide operates in the Lehigh Valley region of Pennsylvania and serves low- to moderate-income entrepreneurs throughout its service area. The organization is a member of the PA CDFI Network, a coalition of 18 Pennsylvania-based community development financial institutions working across all 67 counties in the commonwealth.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
Fiscal Year Ending June 2024:
- Total Revenue: $652,946
- Total Expenses: $1,028,854
- Net Income: -$375,908
- Total Assets: $6,222,255
- Total Liabilities: $4,100,000
Staffing: The organization employs between 3-5 staff members.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $6,222,255 | $6,802,134 | $5,943,913 |
| Revenue | $652,946 | $955,580 | $8,811,127 |
| Expenses | $1,028,854 | $812,180 | $8,165,963 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $99,513 | $27,675 | $2,437 |
| 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 0 recipients in 2024
Grant Size Distribution
50 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for 2024.
Leadership & Key People
Leadership team and compensation from IRS filings
Principal Officer: Dawn Gaye Godshall
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| DAWN GODSHALL | EXECUTIVE DIRECTOR | 1 | — |
| CHRIS HUDOCK | ASSOCIATE EXECUTIVE DIRECTOR | 50 | — |
| STEPHEN BROOME | DEPUTY EXECUTIVE DIRECTOR-FINANCE | 1 | — |
| OTIS MCNEIL | PRESIDENT (THRU 12/23) | 2 | — |
| SALLY HANDLON | PRESIDENT | 2 | — |
| TODD WATKINS | VICE-PRESIDENT | 2 | — |
| DAVID HAMMER | TREASURER | 2 | — |
| CHRIS JONES | SECRETARY (THRU 12/23) | 2 | — |
| ELIZABETH ORTIZ | SECRETARY | 2 | — |
| WAYNE BARZ | BOARD MEMBER | 2 | — |
| PAT CORPORA | BOARD MEMBER | 2 | — |
| DANIEL DIAZ | BOARD MEMBER | 2 | — |
| KIM EDWARDS | BOARD MEMBER | 2 | — |
| RUSSELL FLETCHER JR | BOARD MEMBER | 2 | — |
| COLLEEN KRCELICH | BOARD MEMBER | 2 | — |
| JOSH LAMPE | BOARD MEMBER | 2 | — |
| GINA MASSOTO | BOARD MEMBER (THRU 2/24) | 2 | — |
| LAUREN TAROLA | BOARD MEMBER | 2 | — |
| MAREK TOMANEK | BOARD MEMBER | 2 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does Rising Tide Community Loan Fund fund?
**Mission Statement:** Rising Tide's mission is to support the startup and established small businesses whose risk factors make it difficult to obtain funds from traditional lenders, but who inevitably make up the backbone of a thriving local economy. The organization specifically targets low- to moderate-income entrepreneurs, including woman-owned, minority-owned, and low-income businesses. Rising Tide addresses capital and capacity gaps in its service area by providing financial products and …
How do I apply for a grant from Rising Tide Community Loan Fund?
Rising Tide operates a loan program providing micro-loans, small business loans, and lines of credit that may be used for lease-hold improvements and other business purposes. **Historical Lending Activity:** • Since inception, Rising Tide has made 19 loans to 17 different businesses • In fiscal year 2021-2022 alone, the organization disbursed approximately $800,000 • Total cumulative disbursements exceed $10 million • Supported ventures include trucking companies, home improvement businesses, b…
Where does Rising Tide Community Loan Fund make grants?
Rising Tide operates in the Lehigh Valley region of Pennsylvania and serves low- to moderate-income entrepreneurs throughout its service area. The organization is a member of the PA CDFI Network, a coalition of 18 Pennsylvania-based community development financial institutions working across all 67 counties in the commonwealth.
What is Rising Tide Community Loan Fund's EIN?
Rising Tide Community Loan Fund's EIN (Employer Identification Number) is 23-3079170. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Rising Tide Community Loan Fund's focus areas in our free grants database
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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