Washington Area Community Investment
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.
Financial Overview
From 2024 IRS Form 990-PF
Total Assets
$12.1M
-15.9% YoY
Annual Giving
$652K
-85.1% YoY
Grant Count
2
-84.6% YoY
Avg Grant Size
$326K
-3.3% YoY
Go deeper than public filings
PRO- Giving trend analysis — growing or declining?
- Organizations like yours that won grants here
- Strategic fit assessment for your organization
- Application timing recommendations
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $12,057,310 | $14,335,295 | $16,503,969 |
| Revenue | $4,141,530 | $7,616,507 | $9,086,978 |
| Expenses | $6,386,456 | $10,848,582 | $6,866,291 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $163,216 | $126,501 | $2,656 |
| 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 2 recipients in 2024
Grant Size Distribution
75 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Who else does Washington Area Community Investment fund?
Explore the funder–grantee relationships behind this foundation, powered by GrantGraph™ — our database of 11 million+ funding connections.
- Similar orgs that won grants here
- GrantGraph™ relationship mapping
- 11M+ connections in GrantGraph™
Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| NANCY STARK | BOARD CHAIR | 3 | — |
| NORA DIAMOND-JONES | SECRETARY | 2 | — |
| ROBERT RIORDAN | BOARD VICE CHAIR | 2 | — |
| BRIAN NAGENDRA | TREASURER | 2 | — |
| COURTNEY R SNOWDEN | BOARD MEMBER | 1 | — |
| MARISA G FLOWERS | BOARD MEMBER | 1 | — |
| JESSEL AMIN | BOARD MEMBER | 1 | — |
| CARYLN MADDEN | BOARD MEMBER | 1 | — |
| EMEKA MONEME | BOARD MEMBER | 1 | — |
| KLADE HARE NERSASIAN | BOARD MEMBER | 1 | — |
| ABIGAIL SUAREZ | BOARD MEMBER | 1 | — |
| COREY GRIFFIN | BOARD MEMBER | 1 | — |
| MATTHIAS GLATTING | BOARD MEMBER | 1 | — |
| AQUIL STINSON | BOARD MEMBER | 1 | — |
| MACEO CLARK | BOARD MEMBER | 1 | — |
| ANDREA LONGTON | BOARD MEMBER | 1 | — |
| MALACHI MCKINNEY | BOARD MEMBER | 1 | — |
| EVAN PIEKARA | BOARD MEMBER | 1 | — |
| KEVIN FRYATT | CFOO & CO-INTERIM CEO UNTIL 5/3/24 | 40 | $82,837 |
| KIMBERLY GAYLE | CHIEF PROGRAMS OFFICER | 40 | $168,027 |
| SHANNAN HERBERT | CHIEF EXECUTIVE OFFICER | 40 | $209,947 |
| SHAUNA YELDELL | CHIEF LENDING OFFICER UNTIL 10/16/24 | 40 | $152,730 |
| MEGAN CARRAS | CHIEF DEVELOPMENT OFFICER | 40 | $181,790 |
| JUNELL VENORD | SENIOR HUMAN CAPITAL DIRECTOR | 40 | $143,488 |
| MESSAY DEREBE | AAC GENERAL DIRECTOR | 30 | $146,736 |
| SHERRY GUSTAFSON | DIRECTOR OF FINANCE UNTIL 12/06/2024 | 40 | $142,806 |
Geographic Focus
Where this funder has awarded grants
Grant Distribution by State
Cities
Data last updated March 2026. Sourced from IRS Form 990-PF filings.
What could you do with Washington Area Community Investment on Grantable?
- Assess strategic fit with your organization
- Get AI-generated opportunity briefs
- Monitor for new funding opportunities
- Draft a tailored letter of inquiry