2024-07-18T12:37:50-07:00 2023-12-31 Crosby & Kaneda CPAs LLP 548 Market St PMB 97503 San Francisco CA 94104 990 2023-01-01 203788598 Community Financial Resources COMM 9176011377 248 3rd St Suite 901-1007 Oakland CA 94607 Parisa Esmaili Executive Dir. 2024-07-18 true Parisa Esmaili 999009999 true Felix Gorrindo P01658413 5108352727 2 AAL1 IAL1 FAL1 2023 2023-04-26 12:10:37Z Parisa Esmaili 248 3rd St Suite 901-1007 Oakland CA 94607 1015485 false X www.communityfinancialresources.net X 2005 CA CFR provides research, education, program development and technical assistance for non-profit organizations and their low-income constituents on financial literacy, money management, and accessing and effectively using low-cost financial products and services. 6 5 7 7 0 742947 645630 338812 357047 1426 12808 0 1083185 1015485 49500 0 452869 744318 20430 33187 48174 178076 199674 651375 1026679 431810 -11194 5378662 4054828 3734705 2422065 1643957 1632763 CFR provides pathways to financial well-being and economic justice with safe and reliable financial products for low-wealth communities. false false 608415 43500 94489 Education: Community Financial Resources (CFR) provides pathways to financial well-being and economic justice with safe and reliable financial products for low-wealth communities. CFR accelerated our efforts in 2023 to achieve the following milestones: empowered 3,630 low-income, low-wealth participants to open bank accounts; over $26 million deposited on more than 8,900 accounts; launched a direct-to-consumer version of MoneyGoals, introducing Rosie the virtual coach; and made significant investments in CFRs technical capabilities and infrastructure, as well as hiring new staff positions. 245639 6000 262558 Guaranteed Income: CFR partnered with 24 Guaranteed Income programs nationwide, processing over $8.6 million to 1,381 participants, benefiting a diverse array of populations, including first-time moms, high school students, foster youth, artists, refugees escaping domestic violence, black youth, returning citizens, seniors, and families with young children. 854054 true true false false false false false false false false true false false false false false false false false false false false false true false false false true true false false false false false false false false false false false false false false false false false false true 99 0 true 7 true false false false false false false false 0 false false false false false false false X 6 5 false false false false false false false true true false false true true true true false false true false false CA X Parisa Esmaili 9176011377 248 3rd St Suite 901-1007 Oakland CA 94619 Parisa Esmaili Executive Dir. 40.00 0.00 X X 139913 0 0 Carol Iascone Director of Ops 40.00 0.00 103887 0 12797 Cynthini West CFO 40.00 0.00 X 50400 0 0 Beadsie Woo President 1.00 0.00 X X 0 0 0 Kendall Baker Sec/Treasurer 1.00 0.00 X X 0 0 0 David Derryck President 1.00 0.00 X X 0 0 0 Pat Krakov Secretary 1.00 0.00 X X 0 0 0 Suwandi TandJuandi Board Member 1.00 0.00 X 0 0 0 Lauren Leimbach Board Member 1.00 0.00 X 0 0 0 Lydia Bustamante Board Member 1.00 0.00 X 0 0 0 294200 12797 2 false false false Propulsion Labs 2901 West Parker Road 864693 Plano TX 75086 IT & Product development 105469 1 145000 500630 645630 Program Service Fees 900099 357047 357047 357047 12808 12808 0 0 0 0 0 0 0 0 1015485 357047 12808 41000 41000 8500 8500 0 0 190313 121724 62992 5597 0 474145 451986 14752 7407 0 36366 34088 2038 240 43494 40921 1881 692 0 0 7260 7260 0 33187 33187 0 41725 33887 6825 1013 0 38733 26879 11816 38 15278 14135 1143 0 0 5400 766 4634 0 3418 1255 2163 0 0 50993 50993 8947 8947 Participant Incentives 27920 27920 0 1026679 854054 124451 48174 1332073 829684 3848006 2930438 26000 34576 84733 0 0 0 0 4369 3250 292877 112154 137946 180723 21692 0 0 0 0 0 5378662 4054828 39102 52747 3523785 2186463 171818 182855 3734705 2422065 X 1180174 1224780 463783 407983 1643957 1632763 5378662 4054828 -11194 X true X false true false X 389534 296864 937314 742947 645630 3012289 0 0 389534 296864 937314 742947 645630 3012289 1204977 1807312 2654 279 699 1426 12808 17866 0 95 30 125 3030280 1039214 0.59640 0.61270 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 292877 112154 180723 180723 X X X true Herons Nest Consulting 254 Ridgeway Ave Oakland CA 94611 Grantwriting false 33187 33187 CA true National Urban League Inc 80 Pine St 9th Fl New York NY 10005 131840489 501c3 14000 0 Partner Stipend - JPMC Grant Public Democracy 10001 Georgetown Pike Ste 317 Great Falls VA 22066 271017781 501c3 6000 0 Better Angels Subscription 2 0 Y&H Soda Grant 2 6000 MoneyGoals 1 2500 Grantmaker's Description of How Grants are Used All Grants are initiated and approved by the Executive Director in compliance with specific Program requirements. The CFO processes the payments once documentation is confirmed and approved. Form 990, Part VI, Section B, Line 11b Submittal Information is reviewed by Executive Director and CFO. Draft Information is reviewed by ED, CFR and CFR's Treasurer. All tax documents, including the 990 are given to each Board Member and also documented in the next board meeting. Form 990, Part VI, Section B, Line 12c Annually. Form 990, Part VI, Section B, Line 15a Board Members approved the small cost of living increase for 2024 included in the Budget. Form 990, Part VI, Section C, Line 19 Upon request Pass-through activity - Form 990 Part VIII & Part IX In addition to the activity reflected in the financial statements, the Organization partners with other nonprofits and government funders to offer payment facilitation and no-fee prepaid debit cards to recipients of various benefit programs. Under these programs, the Organization, after determining the program meets its charitable objectives, may receive and disburse funds to charitable recipients based on instructions from program partners. As the Organization does not have variance authority over such funds, they are accounted for on a pass-through basis. A total of $9,409,427 was disbursed during the year ended December 31, 2023.