2025-09-30T18:43:40-05:00 2024-12-31 390859910 BAKER TILLY ADVISORY GROUP LP 101 SECOND STREET SUITE 900 SAN FRANCISCO CA 94105 990 2024-01-01 364385559 RSF SOCIAL INVESTMENT FUND INC RSFS 4155613900 PO BOX 2007 SAN FRANCISCO CA 94126 NICOLE HENDERSON HEAD OF FINANCE & ACCOUNTING 4155613900 2025-09-30 1 1 MICHAEL LUMSDEN P01262236 4159561500 2025-09-30 2024 2025-03-06 01:10:19Z JASPER J VAN BRAKEL PO BOX 2007 SAN FRANCISCO CA 94126 7933436 0 X HTTPS://RSFSOCIALFINANCE.ORG/ X 2000 CA SUPPORT OF RSF SOCIAL FINANCE THROUGH MISSION-RELATED LOANS. 5 4 26 5 1037358 0 0 0 6034226 6922641 543791 1010795 0 0 6578017 7933436 0 0 0 0 3026724 3243162 0 0 0 2075199 3764133 5101923 7007295 1476094 926141 138000504 153466042 124774270 139313667 13226234 14152375 WE ENVISION A WORLD WHERE ALL PEOPLE HAVE THE POWER TO USE THEIR MONEY TO REGENERATE PEOPLE, COMMUNITIES, AND THE PLANET. 0 0 5799501 0 6922641 THE ORGANIZATION SUPPORTS THE CHARITABLE ACTIVITIES OF RSF THROUGH A PROGRAM OF LOANS TO MISSION-ALIGNED ORGANIZATIONS AND PROJECTS. 5799501 1 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1319 0 1 26 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 5 4 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 0 0 0 CA X NICOLE HENDERSON 4155613900 PO BOX 2007 SAN FRANCISCO CA 94126 JASPER J VAN BRAKEL CEO & DIRECTOR 24.00 16.00 X X 0 483000 5700 MICHELLE BRUNO CHIEF OPERATING OFFICER 24.00 16.00 X 0 331500 5800 SYLVIA LEE VP, FINANCE & TREASURER 24.00 16.00 X 0 246649 2500 KATHLEEN PAYLOR VP, IMPACT INVESTING & PHILANTHROPY 24.00 16.00 X 0 240016 3675 DANA STRANZ VP, CREDIT AND RISK 24.00 16.00 X 0 224791 2800 MICHAEL JONES VP, LENDING BUSINESS DEVELOPMENT 24.00 16.00 X 0 206833 2500 BEN GORDON DIRECTOR, CREDIT 24.00 16.00 X 0 145050 5500 JON WEBB SENIOR MANAGER, ACCOUNTING 24.00 16.00 X 0 137985 8280 MICHAEL BART DIRECTOR, LOAN & INVESTMENT OPERATIONS 24.00 16.00 X 0 138231 2188 AMY BIRD DIRECTOR, LENDING 24.00 16.00 X 0 129277 9392 ERIKA WILLIAMS VP, INTEGRATED CAPITAL (THRU 2/2024) 24.00 16.00 X 0 125744 792 AMY HERSMAN EXECUTIVE ASSISTANT 24.00 16.00 X 0 117387 4717 LEE MERKLE-RAYMOND BOARD CO-CHAIR 1.00 1.00 X X 0 0 0 ELISSA SANGALLI BOARD CO-CHAIR 1.00 1.00 X X 0 0 0 AMIR KIRKWOOD TRUSTEE 1.00 1.00 X 0 0 0 KONDA MASON TRUSTEE (THRU 5/2024) 1.00 1.00 X 0 0 0 DR DAVID E MCCLEAN TRUSTEE 1.00 1.00 X 0 0 0 0 2526463 53844 0 0 1 0 0 INT INCOME - BORROWER FUNDS 525990 6214600 5180439 1034161 FEE INCOME 525990 359912 356715 3197 INT INCOME - RELATED ORGS 525990 348129 348129 6922641 1010795 1010795 7933436 5885283 1037358 1010795 1129380 585481 543899 1523196 1400856 122340 12605 11173 1432 405655 305618 100037 172326 129245 43081 202075 102717 99358 73973 37601 36372 173045 96886 76159 94581 70936 23645 13026 9770 3256 233998 175498 58500 66009 49507 16502 63184 47388 15796 46696 35022 11674 1832057 1832057 35772 26829 8943 115807 86855 28952 LOAN LOSS PROVISION 746195 746195 STAFF APPRECIATION 30457 22843 7614 MEMBERSHIP EXPENSES 8913 6685 2228 DUES & SUBSCRIPTIONS 8063 6047 2016 20282 14292 5990 7007295 5799501 1207794 0 13680937 31227310 0 0 7793 34018 15488252 16187177 100748091 97422071 8075431 8595466 138000504 153466042 5005253 3752425 153512 137836 39984 116575521 119465416 3000000 15957990 124774270 139313667 X 13226234 14152375 13226234 14152375 138000504 153466042 926141 0 X 0 1 X 1 0 X X 1 RSF SOCIAL FINANCE INC 136082763 7 1 0 0 1 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 0 PART IV, SECTION A, LINE 6: THE ORGANIZATION PROVIDED LOANS TO UNRELATED ORGANIZATIONS FOR PURPOSES CONSISTENT WITH THE SUPPORTED ORGANIZATION'S EXEMPT PURPOSE. 0 PROGRAM RELATED LOANS 97422071 F 97422071 DUE TROM RELATED ORGANIZATIONS 8594015 DEPOSITS 1451 8595466 NOTES PAYABLE TO RSF SOCIAL FINANCE 15957990 15957990 X 7933436 0 7933436 0 7933436 7007295 0 7007295 0 7007295 PART X, LINE 2: SIF IS A QUALIFIED ORGANIZATION EXEMPT FROM FEDERAL AND CALIFORNIA INCOME TAXES AS AN ORGANIZATION DESCRIBED UNDER THE PROVISIONS OF INTERNAL REVENUE CODE (IRC) SECTIONS 501(C)(3) AND 509(A)(3), AND SECTION 23701D OF THE CALIFORNIA REVENUE AND TAXATION CODE. U.S. GAAP PRESCRIBES RECOGNITION THRESHOLDS AND MEASUREMENT ATTRIBUTES FOR THE FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. TAX BENEFITS WILL BE RECOGNIZED ONLY IF A TAX POSITION IS MORE-LIKELY-THAN-NOT SUSTAINED IN A TAX EXAMINATION, WITH A TAX EXAMINATION BEING PRESUMED TO OCCUR. THE AMOUNT RECOGNIZED WILL BE THE LARGEST AMOUNT OF TAX BENEFIT THAT IS GREATER THAN 50% LIKELY BEING REALIZED ON EXAMINATION. FOR TAX POSITIONS NOT MEETING THE MORE-LIKELY-THAN-NOT TEST, NO TAX BENEFIT WILL BE RECORDED. MANAGEMENT HAS CONCLUDED THAT THERE ARE NO TAX BENEFITS OR LIABILITIES TO BE RECOGNIZED AT DECEMBER 31, 2024, 2023, AND 2022. SIF WOULD RECOGNIZE INTEREST AND PENALTIES RELATED TO UNRECOGNIZED TAX BENEFITS IN INTEREST AND INCOME TAX EXPENSE, RESPECTIVELY. SIF HAS NO AMOUNTS ACCRUED FOR INTEREST OR PENALTIES FOR THE YEARS ENDED DECEMBER 31, 2024, 2023, AND 2022. SIF DOES NOT EXPECT THE TOTAL AMOUNT OF UNRECOGNIZED TAX BENEFITS TO SIGNIFICANTLY CHANGE IN THE NEXT 12 MONTHS. 1 0 0 0 0 0 0 0 0 JASPER J VAN BRAKEL CEO & DIRECTOR 0 420000 0 63000 0 0 0 2500 0 3200 0 488700 0 0 MICHELLE BRUNO CHIEF OPERATING OFFICER 0 300000 0 30000 0 1500 0 2500 0 3300 0 337300 0 0 SYLVIA LEE VP, FINANCE & TREASURER 0 235909 0 9240 0 1500 0 2500 0 0 0 249149 0 0 KATHLEEN PAYLOR VP, IMPACT INVESTING & PHILANTHROPY 0 235583 0 2933 0 1500 0 625 0 3050 0 243691 0 0 DANA STRANZ VP, CREDIT AND RISK 0 209060 0 14231 0 1500 0 2500 0 300 0 227591 0 0 MICHAEL JONES VP, LENDING BUSINESS DEVELOPMENT 0 203300 0 2033 0 1500 0 2500 0 0 0 209333 0 0 BEN GORDON DIRECTOR, CREDIT 0 140000 0 0 0 5050 0 5000 0 500 0 150550 0 0 PART I, LINE 3 THE CHIEF EXECUTIVE OFFICER IS COMPENSATED BY RSF SOCIAL FINANCE, A RELATED ORGANIZATION. RSF SOCIAL FINANCE UTILIZED THE FOLLOWING METHODS TO DETERMINE THE COMPENSATION OF THE CHIEF EXECUTIVE OFFICER: COMPENSATION COMMITTEE, INDEPENDENT COMPENSATION CONSULTANT, COMPENSATION SURVEY OR STUDY, FORM 990 OF OTHER ORGANIZATIONS, AND APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE. PART I, LINE 4A DURING THE 2024 CALENDAR YEAR, ERIKA WILLIAMS RECEIVED A TAXABLE $53,865 SEVERANCE PAYMENT FROM RSF SOCIAL FINANCE, A RELATED ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION DOES NOT HAVE "MEMBERS" BY DEFINITION OF THE BYLAWS; HOWEVER, THE FORM 990 INSTRUCTIONS DEFINE A "MEMBER" AS ANY PERSON (INCLUDING A CORPORATION) WITH THE POWER TO ELECT MEMBERS OF THE GOVERNING BODY AND/OR RECEIVE A SHARE OF THE ORGANIZATION'S NET ASSETS UPON DISSOLUTION. ACCORDINGLY, THE ORGANIZATION HAS ONE SOLE MEMBER: RSF SOCIAL FINANCE, INC. FORM 990, PART VI, SECTION A, LINE 7A NO LESS THAN A MAJORITY OF THE DIRECTORS OF RSF SOCIAL INVESTMENT FUND, INC. ARE ELECTED BY RSF SOCIAL FINANCE, INC., THE SUPPORTED ORGANIZATION. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 WAS PREPARED BY AN INDEPENDENT TAX PREPARER IN CONJUNCTION WITH THE ORGANIZATION'S FINANCE AND ACCOUNTING STAFF. THE VP, FINANCE AND CEO THEN REVIEW A DRAFT OF THE FORM 990; ADJUSTMENTS OR REVISIONS ARE MADE, AS NECESSARY. THE COMPLETED FORM 990 WAS THEN DISTRIBUTED TO ALL BOARD MEMBERS PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C ALL TRUSTEES AND SENIOR STAFF (INCLUDING OFFICERS AND KEY EMPLOYEES) ARE REQUIRED TO COMPLETE AND SIGN ANNUAL CONFLICT OF INTEREST DISCLOSURE STATEMENTS WHICH: (I) DISCLOSE ANY RELATIONSHIPS, POSITIONS, OR OTHER CIRCUMSTANCES THAT COULD POTENTIALLY CONSTITUTE A CONFLICT OF INTEREST; (II) ACKNOWLEDGE RECEIPT AND UNDERSTANDING OF THE FULL CONFLICT OF INTEREST POLICY; AND (III) AFFIRM THAT THEY WILL COMPLY WITH THE CONFLICT OF INTEREST POLICY. ANY ALLEGED BREACHES OF THE CONFLICT OF INTEREST POLICY ARE REPORTED TO THE AUDIT COMMITTEE, WHO DETERMINE WHETHER THERE IS A CONFLICT OF INTEREST, REVIEW AND INVESTIGATE, AND RECOMMEND COURSE OF ACTION. THE PERSON WITH WHICH A CONFLICT MIGHT EXIST IS NOT ALLOWED TO VOTE ON THE TRANSACTION OR OTHERWISE TRY TO INFLUENCE THE DECISION-MAKERS. THE AUDIT COMMITTEE'S DECISION IN REGARDS TO THE MATTER IS DOCUMENTED IN THE MINUTES OF COMMITTEE MEETING. FORM 990, PART VI, SECTION B, LINE 15 FORM 990, PART VI, SECTION B, LINES 15A AND 15B HAVE BOTH BEEN MARKED NO (AS MANDATED BY THE FORM 990 INSTRUCTIONS) AS THE ORGANIZATION'S CHIEF EXECUTIVE OFFICER AND ALL OTHER OFFICERS/KEY EMPLOYEES ARE COMPENSATED BY A RELATED ORGANIZATION. PLEASE REFERENCE THE SCHEDULE O DISCLOSURE IN RSF SOCIAL FINANCE'S FORM 990 FOR A DESCRIPTION ON HOW COMPENSATION FOR THESE INDIVIDUALS IS DETERMINED. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE GENERAL PUBLIC UPON REQUEST. RSF SOCIAL FINANCE INC PO BOX 2007 SAN FRANCISCO CA 94126 136082763 INVESTING, LENDING, AND GIVING SERVICES TO IMPROVE SOCIETY AND ENVIRONMENT NY 501(C)(3) LINE 7 N/A 0 GINUNGAGAP FOUNDATION 1621 JUANITA LANE TIBURON CA 94920 201402909 SUPPORT AND OPERATE PROGRAMS OF RSF CA 501(C)(3) LINE 12A, I RSF SOCIAL FINANCE INC 0 RSF CAPITAL MANAGEMENT PBC PO BOX 2007 SAN FRANCISCO CA 94126 263080292 MANAGING FOR-PROFIT ACTIVITIES ON BEHALF OF RSF DE N/A C 1 0 0 0 1 1 0 0 0 0 0 0 0 1 1 1 0 0 0 1