IMPACT DEVELOPMENT FUND

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1999

Legal Domicile

Principal Officer

MEGAN FERGUSON

Phone

9704942021

Tax Period

2024-01-01 to 2024-12-31

IMPACT DEVELOPMENT FUND, founded in 1999, is a mid-sized nonprofit in the Housing & Shelter sector that reported $35.2M in total revenue in fiscal year 2024. Revenue surged 171% from the prior year, signaling strong growth momentum. The organization ran a surplus of $24.4M, a strong 69% operating margin.

Mission

IMPACT DEVELOPMENT FUND HELPS PEOPLE WITHIN OUR UNDERSERVED COMMUNITIES SEEK FULFILLMENT FOR THEMSELVES AND THEIR FAMILIES BY PROVIDING ACCESS TO AFFORDABLE LIVING. WE CREATE THESE OPPORTUNITIES BY DELIVERING FLEXIBLE CAPITAL TO NONPROFIT ORGANIZATIONS, DEVELOPERS, INDIVIDUALS, AND OTHERS WHO SUPPORT THE UNDERSERVED.

Program Service Accomplishments

Program 1

Expenses: $7,781,893 Revenue: $7,393,313

IMPACT DEVELOPMENT FUND PROVIDES EARLY STAGE, SHORT-TERM LOANS TO AFFORDABLE HOUSING, NON-PROFIT COMMUNITY FACILITIES, AND NEIGHBORHOOD REVITALIZATION PROJECT DEVELOPERS THROUGHOUT AN EXPANDING...

IMPACT DEVELOPMENT FUND PROVIDES EARLY STAGE, SHORT-TERM LOANS TO AFFORDABLE HOUSING, NON-PROFIT COMMUNITY FACILITIES, AND NEIGHBORHOOD REVITALIZATION PROJECT DEVELOPERS THROUGHOUT AN EXPANDING REGION.

Program 2

Expenses: $1,697,016 Revenue: $881,491

IMPACT DEVELOPMENT FUND PROVIDES TECHNICAL ASSISTANCE TO NON-PROFIT AFFORDABLE HOUSING AND COMMUNITY SERVICE ORGANIZATIONS PLANNING TO RENOVATE, ACQUIRE, BUILD AND/OR EXPAND REAL ESTATE. THE...

IMPACT DEVELOPMENT FUND PROVIDES TECHNICAL ASSISTANCE TO NON-PROFIT AFFORDABLE HOUSING AND COMMUNITY SERVICE ORGANIZATIONS PLANNING TO RENOVATE, ACQUIRE, BUILD AND/OR EXPAND REAL ESTATE. THE TECHNICAL ASSISTANCE IS PROVIDED THROUGH WORKSHOPS AND ONE-ON-ONE CONSULTATION.

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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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $25,327,476

Program Service Revenue $8,274,804

Investment Income $1,617,605

Other Revenue $0

TOTAL REVENUE $35,219,885

Expense Breakdown

Grants Paid $0

Salaries & Benefits $5,433,266

Fundraising Expenses $228,030

Program Expenses $9,478,909

Other Expenses $5,436,279

TOTAL EXPENSES $10,869,545

Year-over-Year Comparison

	2024	2023	Change
Revenue	$35,219,885	$13,003,579	+1.7%
Expenses	$10,869,545	$7,133,076	+0.5%
Net Income	$24,350,340	$5,870,503	+3.1%

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

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

Governance

Voting Members

Independent Members

Employees

Volunteers

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

$393,313

Total Directors

Key Employees

$186,724

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BECKY CHRISTOFFERSEN	PRESIDENT	2.00	Officer Director	$0	$0	$0
JAVONNI BUTLER	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
RANDY ILICH	TREASURER	2.00	Officer Director	$0	$0	$0
MICAH HALVERSON	SECRETARY	1.00	Officer Director	$0	$0	$0
MARK OCONNOR	PAST PRESIDENT	2.00	Officer Director	$0	$0	$0
KRISTI BUDISH	BOARD MEMBER	0.50	Director	$0	$0	$0
KRISTIN CANDELLA	BOARD MEMBER	0.50	Director	$0	$0	$0
RENEE GALLEGOS	BOARD MEMBER	0.50	Director	$0	$0	$0
DAN KUSEL	BOARD MEMBER	0.50	Director	$0	$0	$0
JENN LOPEZ	BOARD MEMBER (THRU 12/4/24)	0.50	Director	$0	$0	$0
ANNIE PERIZZOLO	BOARD MEMBER	2.00	Director	$0	$0	$0
JOHN PIKE	BOARD MEMBER (THRU 12/4/24)	0.50	Director	$0	$0	$0
BRIAN ROSSBERT	BOARD MEMBER	0.50	Director	$0	$0	$0
MARY STEGNER	BOARD MEMBER	0.50	Director	$0	$0	$0
MEGAN FERGUSON	CEO (AS OF 07/24)	40.00	Officer	$236,107	$19,202	$255,309
SEAN DOHERTY	CEO (THRU 07/24)	40.00	Officer	$123,129	$14,875	$138,004
ERICA MADISON	CHIEF LENDING OFFICER	40.00	Key Emp	$168,071	$18,653	$186,724
GINA WINTERHALDER	CONTROLLER	40.00	Highest	$144,974	$20,743	$165,717
AARON FERGUSON	CHIEF CONSTRUCTION OFFICER	40.00	Highest	$137,157	$10,635	$147,792
CONNIE EALEY	CHIEF COMPLIANCE OFFICER	40.00	Highest	$137,111	$5,373	$142,484
EMILY NILSEN	CHIEF PROGRAMS OFFICER	40.00	Highest	$123,722	$13,991	$137,713
RACHEL TWEEDY	CHIEF OPERATING OFFICER	40.00	Highest	$124,785	$8,966	$133,751

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	$35,219,885	$10,869,545	$152,478,404	$24,350,340
2023	$13,003,579	$7,133,076	$126,217,919	$5,870,503
2022	$5,955,090	$4,118,790	$115,033,331	$1,836,300
2021	$7,972,654	$4,020,525	$94,189,803	$3,952,129
2020	$4,547,385	$2,609,438	$49,319,911	$1,937,947
2019	$4,191,129	$2,036,587	$36,814,647	$2,154,542