THE REINVESTMENT FUND INC

EIN: 232331946 501(c)(3) Community Improvement

PHILADELPHIA, PA

Total Revenue
$78,044,764
Total Expenses
$51,306,065
Total Assets
$669,610,468
Net Assets
$276,897,805
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1985
Legal Domicile
PA
Principal Officer
DONALD HINKLE-BROWN
Phone
2155745800
Tax Period
2023-01-01 to 2023-12-31

THE REINVESTMENT FUND INC, founded in 1985, is a mid-sized nonprofit in the Community Improvement sector that reported $78.0M in total revenue in fiscal year 2023. Revenue surged 43% from the prior year, signaling strong growth momentum. The organization ran a surplus of $26.7M, a strong 34% operating margin.

Mission

THE REINVESTMENT FUND, INC. CREATES OPPORTUNITY FOR UNDERSERVED PEOPLE AND PLACES THROUGH PARTNERSHIPS. IT MARSHALS THE CAPITAL, ANALYTICS, AND EXPERTISE NECESSARY TO BUILD STRONG, HEALTHY, AND MORE EQUITABLE COMMUNITIES.

Program Service Accomplishments

Program 1
Expenses: $18,915,079 Revenue: $33,174,421

LENDING: ENCOMPASSES THE ORGANIZATION'S FINANCING OF HOMES, SCHOOLS, HEALTHY FOOD RETAIL, HEALTHCARE AND OTHER PROJECTS THAT BENEFIT LOW-WEALTH PEOPLE AND PLACES AND IS THE CORE LENDING FUNCTION OF...

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LENDING: ENCOMPASSES THE ORGANIZATION'S FINANCING OF HOMES, SCHOOLS, HEALTHY FOOD RETAIL, HEALTHCARE AND OTHER PROJECTS THAT BENEFIT LOW-WEALTH PEOPLE AND PLACES AND IS THE CORE LENDING FUNCTION OF THE ORGANIZATION.

Program 2
Expenses: $2,528,103 Revenue: $1,857,340

POLICY SOLUTIONS: CONDUCTS POLICY, DATA ANALYSIS AND SOCIAL IMPACT ANALYSES THAT ADVANCE REINVESTMENT FUND, INC.'S MISSION AND EFFECT SYSTEM CHANGE, ON BEHALF OF REINVESTMENT FUND, INC. AS WELL AS...

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POLICY SOLUTIONS: CONDUCTS POLICY, DATA ANALYSIS AND SOCIAL IMPACT ANALYSES THAT ADVANCE REINVESTMENT FUND, INC.'S MISSION AND EFFECT SYSTEM CHANGE, ON BEHALF OF REINVESTMENT FUND, INC. AS WELL AS PUBLIC AND PHILANTHROPIC CLIENTS.

Program 3
Expenses: $18,739,207 Revenue: $470,389

CAPACITY BUILDING & CAPITAL ACCESS: USES GRANTS AND TECHNICAL ASSISTANCE TO MAKE ACCESS TO CAPITAL MORE EQUITABLE FOR LOW-WEALTH INDIVIDUALS AND COMMUNITIES, PARTICULARLY IN THE AREAS OF EARLY...

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CAPACITY BUILDING & CAPITAL ACCESS: USES GRANTS AND TECHNICAL ASSISTANCE TO MAKE ACCESS TO CAPITAL MORE EQUITABLE FOR LOW-WEALTH INDIVIDUALS AND COMMUNITIES, PARTICULARLY IN THE AREAS OF EARLY CHILDHOOD EDUCATION, FOOD AND SOCIAL DETERMINANTS OF HEALTH.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $38,276,469
Program Service Revenue $35,403,711
Investment Income $2,527,001
Other Revenue $1,837,583
TOTAL REVENUE $78,044,764

Expense Breakdown

Grants Paid $15,057,654
Salaries & Benefits $15,250,831
Fundraising Expenses $294,295
Program Expenses $39,837,108
Other Expenses $20,889,004
TOTAL EXPENSES $51,306,065

Year-over-Year Comparison

2023 2022 Change
Revenue $78,044,764 $54,478,225 +0.4%
Expenses $51,306,065 $40,371,633 +0.3%
Net Income $26,738,699 $14,106,592 +0.9%
Key Indicators
✓ Grants to Organizations ✗ Grants to Individuals ✓ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

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Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
16
Independent Members
16
Employees
112
Volunteers
46

Governance Policies

✓ Conflict of Interest Policy
✓ Whistleblower Policy
✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✓ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
13
$3,059,590
Total Directors
16
$0
Key Employees
1
$272,809
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SAUL BEHAR BOARD CHAIR, COMPENSATION COMMITTEE 3.00
Officer Director
$0 $0 $0
CYNTHIA FIGUEROA BOARD MEMBER 1.50
Director
$0 $0 $0
DANIEL HAYES BOARD MEMBER 2.00
Director
$0 $0 $0
DUDLEY BENOIT BOARD MEMBER, FINANCE COMMITTEE CHAIR 1.50
Officer Director
$0 $0 $0
IVY CARTER-DENCH BOARD MEMBER 1.50
Director
$0 $0 $0
KATHY O'REGAN BOARD MEMBER 1.50
Director
$0 $0 $0
LISA DETWEILER BOARD MEMBER, AUDIT COMMITTEE CHAIR 1.00
Officer Director
$0 $0 $0
MARLAND BUCKNER BOARD MEMBER 1.50
Director
$0 $0 $0
MELISSA WEILER GERBER BOARD MEMBER 1.50
Director
$0 $0 $0
MICHAEL DAVIS BOARD MEMBER, GOVERNANCE COMMITTEE CHAIR 2.00
Officer Director
$0 $0 $0
PHYLLIS CATER BOARD MEMBER 1.50
Director
$0 $0 $0
RAQUEL FAVELA BOARD MEMBER 1.50
Director
$0 $0 $0
RAYMOND SKINNER BOARD MEMBER, LOAN COMMITTEE CHAIR 1.50
Officer Director
$0 $0 $0
SANDEEP WADHWA BOARD MEMBER 1.50
Director
$0 $0 $0
VICKI LUNDY-WILBON BOARD MEMBER 1.50
Director
$0 $0 $0
WENDELL PRITCHETT BOARD MEMBER 1.50
Director
$0 $0 $0
AMANDA HIGH CHIEF STRATEGY OFFICER 37.50
Officer
$356,736 $34,819 $391,555
CHEILA FERNANDEZ COO & CORPORATE SECRETARY 37.50
Officer
$337,321 $85,006 $422,327
DONALD HINKLE-BROWN PRESIDENT & CEO 37.50
Officer
$644,076 $62,075 $706,151
MICHAEL M CRIST OUTGOING-CFO 37.50
Officer
$261,574 $36,174 $297,748
NANCY WAGNER-HISLIP OUTGOING-CHIEF INVESTMENT OFFICER 37.50
Officer
$296,894 $43,028 $339,922
RHONDA SMITH ASSISTANT CORPORATE SECRETARY 37.50
Officer
$127,264 $36,605 $163,869
CHRISTINA SZCZEPANSKI PRESIDENT, LENDING & INVESTMENTS 37.50
Officer
$348,716 $49,661 $398,377
KAREEM THOMAS CHIEF CREDIT OFFICER 37.50
Officer
$254,399 $85,242 $339,641
SARA VERNON STERMAN CHIEF PROGRAMS OFFICER 37.50
Key Emp
$253,399 $19,410 $272,809
EMILY DOWDALL PRESIDENT, POLICY SOLUTIONS 37.50
Highest
$220,241 $40,735 $260,976
TIMOTHY GILLESPIE TREASURER 37.50
Highest
$223,598 $56,372 $279,970
IRA GOLDSTEIN SENIOR ADVISOR, POLICY SOLUTIONS 37.50
Highest
$352,585 $43,049 $395,634
TRACY MURRAY MOORE CHIEF HUMAN RESOURCES OFFICER 37.50
Highest
$279,248 $69,865 $349,113
TRACY PETROFSKY SENIOR DIRECTOR, OPERATIONS STRATEGIC PRIORITIES 22.50
Highest
$252,599 $20,776 $273,375
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $78,044,764 $51,306,065 $669,610,468 $26,738,699
2022 $54,478,225 $40,371,633 $609,720,317 $14,106,592
2021 $44,624,452 $36,009,679 $609,259,384 $8,614,773
2020 $76,263,402 $39,904,589 $630,963,967 $36,358,813
2019 $38,375,216 $31,859,105 $568,646,996 $6,516,111
2018 $53,008,314 $37,924,894 $583,355,846 $15,083,420
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