WASHINGTON, DC
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)WASHINGTON AREA COMMUNITY INVESTMENT FUND INC, founded in 1987, is a community nonprofit that reported $4.1M in total revenue in fiscal year 2024. Revenue fell 46% from the prior year — a significant decline worth monitoring. Expenses of $6.4M exceeded revenue, resulting in a 54% operating deficit.
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.
SMALL BUSINESS ADVISORY SERVICES - WACIF PROVIDES A VARIETY OF ADVISORY OPPORTUNITIES IN UNDERSERVED D.C. AREA COMMUNITIES INCLUDING GROUP CLASSES, ONE-ON-ONE ADVISEMENT ON SPECIFIC CAPACITY BUILDING...
SMALL BUSINESS ADVISORY SERVICES - WACIF PROVIDES A VARIETY OF ADVISORY OPPORTUNITIES IN UNDERSERVED D.C. AREA COMMUNITIES INCLUDING GROUP CLASSES, ONE-ON-ONE ADVISEMENT ON SPECIFIC CAPACITY BUILDING ISSUES TO IDENTIFY AREAS OF GROWTH, AND INTENSIVE, COHORT-BASED PROGRAMS LIKE OUR ASCEND CAPITAL ACCELERATOR. WACIF'S SMALL BUSINESS ADVISORY EXPERTISE AND OFFERINGS COVER TOPICS INCLUDING BUSINESS PLANNING, MARKETING, FINANCIAL MANAGEMENT, LAW, REAL ESTATE, AND GETTING TRANSACTION-READY.IN 2024, WACIF MADE A POWERFUL DIFFERENCE, DELIVERING A TRANSFORMATIVE YEAR OF IMPACT. WACIF HOSTED 101 EVENTS WITH A COMBINED 4,254 ATTENDEES AND PROVIDED OVER 2,026 HOURS OF TECHNICAL ASSISTANCE, EMPOWERING ENTREPRENEURS AND SMALL BUSINESS OWNERS WITH THE TOOLS THEY NEED TO SUCCEED.THROUGH STRATEGIC COLLABORATION WITH MORE THAN 70 GROWTH PARTNERS, PROFESSIONAL SERVICE PROVIDERS, INSTRUCTORS, ARTISTS, AND CREATIVES, WACIF DELIVERED TOP-TIER SUPPORT THAT STRENGTHENED OUR CLIENTS' PATHWAYS TO GROWTH AND SUSTAINABILITY. ADDITIONALLY, OUR OUTREACH AND ENGAGEMENT EFFORTS EXTENDED TO OVER 20 ORGANIZATIONS ACROSS MARYLAND AND VIRGINIA, WHERE WE LED PANEL DISCUSSIONS, DELIVERED CAPITAL READINESS TRAINING, AND BUILT STRONGER ENTREPRENEURIAL ECOSYSTEMS. THESE ACHIEVEMENTS WERE MADE POSSIBLE BY LEVERAGING 12 GRANTS, WITH FUNDERS INVESTING OVER $6.4 MILLION TO FUEL ADVISORY SERVICES PROGRAMMING.
LENDING - WACIF'S ACCESS TO CAPITAL AND LENDING ACTIVITIES PROVIDE FLEXIBLE FINANCING FOR SMALL BUSINESSES OWNED BY, OPERATING IN OR SERVING LOW-TO-MODERATE INCOME COMMUNITIES IN THE DC AREA. IN...
LENDING - WACIF'S ACCESS TO CAPITAL AND LENDING ACTIVITIES PROVIDE FLEXIBLE FINANCING FOR SMALL BUSINESSES OWNED BY, OPERATING IN OR SERVING LOW-TO-MODERATE INCOME COMMUNITIES IN THE DC AREA. IN 2024, WACIF DEPLOYED OVER $3.3M IN LOANS TO SMALL BUSINESSES, INCLUDING TERM LOANS AND LINES OF CREDIT, AND GROSS PORTFOLIO OUTSTANDING YEAR-END WAS $4.9M. WACIF HAS SEVERAL LOAN FUNDS TO SUPPORT A CONTINUUM OF ENTREPRENEURS THAT ARE UNABLE TO ACCESS TRADITIONAL FINANCING FROM BANKS, INCLUDING ESTABLISHED BUSINESS OWNERS. WACIF'S VARIOUS LENDING PROGRAMS BRIDGE THE FINANCING GAP FOR UNDERSERVED ENTREPRENEURS GRADUATING TO TRADITIONAL LENDERS, CREATING ECONOMIC OPPORTUNITY IN LOW-TO-MODERATE INCOME COMMUNITIES. WACIF'S ACCESS TO CAPITAL (ATC) FUND IS THE ORGANIZATION'S HISTORICAL AND MOST FLEXIBLE SOURCE FOR SMALL BUSINESS FINANCING. THE ATC FUND REMAINS A COMMUNITY ASSET WHICH BEGAN WITH AND HAS BEEN SUSTAINED FOR OVER 30 YEARS BY INDIVIDUAL AND INSTITUTIONAL, SOCIALLY RESPONSIBLE INVESTORS SEEKING POSITIVE FINANCIAL AND SOCIAL RETURNS FROM THEIR INVESTMENT.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $4,141,530 | $7,616,507 | -0.5% |
| Expenses | $6,386,456 | $10,848,582 | -0.4% |
| Net Income | $-2,244,926 | $-3,232,075 | -0.3% |
Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics
Financial Distress Indicator
Liquidity & Cash Position
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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| NANCY STARK | BOARD CHAIR | 3.00 |
Officer
Director
|
$0 | $0 | $0 |
| NORA DIAMOND-JONES | SECRETARY | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| ROBERT RIORDAN | BOARD VICE CHAIR | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| BRIAN NAGENDRA | TREASURER | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| COURTNEY R SNOWDEN | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| MARISA G FLOWERS | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| JESSEL AMIN | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| CARYLN MADDEN | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| EMEKA MONEME | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| KLADE HARE NERSASIAN | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| ABIGAIL SUAREZ | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| COREY GRIFFIN | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| MATTHIAS GLATTING | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| AQUIL STINSON | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| MACEO CLARK | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| ANDREA LONGTON | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| MALACHI MCKINNEY | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| EVAN PIEKARA | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| KEVIN FRYATT | CFOO & CO-INTERIM CEO UNTIL 5/3/24 | 40.00 |
Officer
|
$82,837 | $11,988 | $94,825 |
| KIMBERLY GAYLE | CHIEF PROGRAMS OFFICER | 40.00 |
Officer
|
$168,027 | $19,996 | $188,023 |
| SHANNAN HERBERT | CHIEF EXECUTIVE OFFICER | 40.00 |
Officer
|
$209,947 | $23,544 | $233,491 |
| SHAUNA YELDELL | CHIEF LENDING OFFICER UNTIL 10/16/24 | 40.00 |
Highest
|
$152,730 | $34,648 | $187,378 |
| MEGAN CARRAS | CHIEF DEVELOPMENT OFFICER | 40.00 |
Highest
|
$181,790 | $9,462 | $191,252 |
| JUNELL VENORD | SENIOR HUMAN CAPITAL DIRECTOR | 40.00 |
Highest
|
$143,488 | $13,399 | $156,887 |
| MESSAY DEREBE | AAC GENERAL DIRECTOR | 30.00 |
Highest
|
$146,736 | $14,950 | $161,686 |
| SHERRY GUSTAFSON | DIRECTOR OF FINANCE UNTIL 12/06/2024 | 40.00 |
Highest
|
$142,806 | $16,677 | $159,483 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $4,141,530 | $6,386,456 | $12,057,310 | $-2,244,926 |
| 2023 | $7,616,507 | $10,848,582 | $14,335,295 | $-3,232,075 |
| 2022 | $9,086,978 | $6,866,291 | $16,503,969 | $2,220,687 |
| 2021 | $7,620,930 | $4,660,784 | $14,906,500 | $2,960,146 |
| 2020 | $6,397,191 | $2,735,664 | $11,726,882 | $3,661,527 |
| 2019 | $3,904,649 | $2,050,331 | $6,557,543 | $1,854,318 |
| 2018 | $3,170,161 | $2,044,907 | $4,794,433 | $1,125,254 |
Compare WASHINGTON AREA COMMUNITY INVESTMENT FUND INC with other nonprofits in District of Columbia and across the country.