Catalyst Impact Fund Inc

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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

2020

Legal Domicile

Principal Officer

Annie Koo

Phone

9566485957

Tax Period

2024-01-01 to 2024-06-30

Catalyst Impact Fund Inc, founded in 2020, is a community nonprofit in the Housing & Shelter sector that reported $3.0M in total revenue in fiscal year 2024. Revenue surged 59240% from the prior year, signaling strong growth momentum. Expenses of $4.4M exceeded revenue, resulting in a 46% operating deficit.

Mission

The Catalyst Impact Fund's purpose is to develop and facilitate innovative solutions, programs, and opportunities to address housing and other socioeconomic concerns for America's essential workforce.

Program Service Accomplishments

Program 1

Expenses: $4,164,837 Revenue: $2,548,098

Affordable Housing: On January 31, 2024, the organization acquired a multifamily rental housing development located in San Jose, California. The 6-story property includes 168 residential units and...

Affordable Housing: On January 31, 2024, the organization acquired a multifamily rental housing development located in San Jose, California. The 6-story property includes 168 residential units and 18,151 square feet of commercial space. Pursuant to a Regulatory Agreement, the organization is committing at least 20% of residential units for very low income tenants (at or below 50% of area median income) and at least 75% of units for low income tenants (at or below 80% of area median income). Rents for these units are set at affordable rates in compliance with federal and local housing standards. The property includes 4 commercial tenants that pre-date the organization's acquisition. While these commercial leases generate unrelated debt-financed income, these activities remain ancillary to the organization's primary affordable housing mission.

Program 2

Expenses: $138,868

Fiscal Sponsorship: The Organization serves as fiscal sponsor to JDL Strategies, LLC, supporting its charitable project to assess land banking as a solution for community-centered affordable housing production and preservation in Marin County, California. As fiscal sponsor, the Organization receives and administers charitable contributions and grants for the project, ensuring proper oversight and disbursement of funds for project-related expenses.

Program 3

Expenses: $15,660

Grantmaking: Under its mission to serve essential workers and their families, the organization has made grants since its founding to subsidize rent costs for Marin County's public school teachers and other educators under its Rent Relief Grant Program. The program is currently carried out in collaboration with Serenity at Larkspur Apartments, and the grants are applied directly toward rent expenses.

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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 $392,830

Program Service Revenue $2,548,098

Investment Income $234,628

Other Revenue $-150,980

TOTAL REVENUE $3,024,576

Expense Breakdown

Grants Paid $15,660

Salaries & Benefits $125,625

Fundraising Expenses $0

Program Expenses $4,319,365

Other Expenses $4,265,227

TOTAL EXPENSES $4,406,512

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,024,576	$5,097	+592.4%
Expenses	$4,406,512	$71,933	+60.3%
Net Income	$-1,381,936	$-66,836	+19.7%

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

N/A

Volunteers

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Steve Lefkovits	Treasurer	2.00	Officer Director	$0	$0	$0
Linda Assante	Secretary	2.00	Officer Director	$0	$0	$0
Annie Koo	President	5.00	Officer Director	$0	$0	$0
Nina Tran	Director	1.00	Director	$0	$0	$0
Chris Tokarski	Director	1.00	Director	$0	$0	$0
Missy Narula	Director	1.00	Director	$0	$0	$0

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
2025	No data	No data	No data	No data
2024	$3,024,576	$4,406,512	$92,977,869	$-1,381,936