2025-07-29T18:54:07-05:00 2024-12-31 390859910 BAKER TILLY ADVISORY GROUP LP 101 SECOND STREET SUITE 900 SAN FRANCISCO CA 94105 990 2024-01-01 842301234 REDF IMPACT INVESTING FUND REDF 4155616677 785 MARKET STREET 1200 SAN FRANCISCO CA 94103 CARRIE MCKELLOGG CEO 4155106044 2025-07-29 1 0 MICHAEL LUMSDEN P01262236 4159561500 2025-07-29 2024 2025-03-06 01:10:19Z CARRIE MCKELLOGG 785 MARKET STREET 1200 SAN FRANCISCO CA 94103 1797305 0 X WWW.REDF.ORG/IMPACT-INVESTING/ X 2019 CA REDF IMPACT INVESTING FUND IS A NATIONAL CDFI AND CATALYTIC, IMPACT FIRST INVESTOR. 4 4 0 9 0 0 1329404 1447316 0 275890 315565 74099 0 0 1644969 1797305 0 25000 0 0 0 0 0 0 0 657327 959190 657327 984190 987642 813115 11078374 15421001 8335490 11865002 2742884 3555999 X REDF IMPACT INVESTING FUND (RIIF) INVESTS IN AND PROVIDES CAPACITY BUILDING EXPERTISE TO EMPLOYMENT SOCIAL ENTERPRISES (ESES)--BUSINESSES THAT SEEK FINANCIAL RESULTS AND CREATE JOBS, STABILITY AND ECONOMIC MOBILITY FOR PEOPLE OVERCOMING THE TOUGHEST BARRIERS TO EMPLOYMENT, OFTEN INCLUDING HISTORIES OF HOMELESSNESS, INCARCERATION, SUBSTANCE USE, DOMESTIC VIOLENCE, HUMAN TRAFFICKING, OR LONG-TERM DISCONNECTION FROM WORK. 0 0 931181 25000 275890 RIIF PROVIDES BOTH FLEXIBLE CAPITAL AND CAPACITY BUILDING EXPERTISE TO HELP EMPLOYMENT-FOCUSED BUSINESSES GROW, STRENGTHEN OPERATIONS, AND ATTRACT FOLLOW-ON INVESTMENT. IT UNDERWRITES BASED ON CASH FLOW RELIABILITY, CONTRACT-BACKED REVENUE, AND MANAGEMENT CAPACITY--PROVIDING A PRACTICAL PATH TO CAPITAL ACCESS FOR BUSINESSES THAT MAY NOT MEET TRADITIONAL CREDIT STANDARDS DUE TO LIMITED COLLATERAL, THIN CREDIT HISTORIES, OR IRREGULAR CASH FLOWS. CAPACITY BUILDING EXPERTISE IS DELIVERED IN PARTNERSHIP WITH OUR GRANTING AFFILIATE REDF, LEVERAGING MORE THAN 25 YEARS OF EXPERIENCE WORKING WITH EMPLOYMENT SOCIAL ENTERPRISES (ESES) ACROSS SECTORS AND GROWTH STAGES.RIIF EMPLOYS A COMPREHENSIVE AND DISCIPLINED RISK MANAGEMENT APPROACH TO PROTECT ITS PORTFOLIO WHILE MEETING THE CAPITAL NEEDS OF ITS BORROWERS. RIIF ACTIVELY USES COLLATERALIZATION STRATEGIES, STATE-SPONSORED GUARANTEE PROGRAMS (SUCH AS THOSE SUPPORTED BY THE STATE SMALL BUSINESS CREDIT INITIATIVE), AND LOAN PARTICIPATIONS TO SHARE AND DIVERSIFY EXPOSURE. CREDIT DECISIONS ARE GOVERNED BY A FORMAL RISK RATING SYSTEM, AND RIIF IS STEADILY BUILDING LOAN LOSS RESERVES IN LINE WITH CURRENT EXPECTED CREDIT LOSS (CECL) PRINCIPLES TO ENSURE LOSS ABSORPTION CAPACITY AND FINANCIAL POSITION STRENGTH.RIIF IS CERTIFIED AS A COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION (CDFI) BY THE U.S. DEPARTMENT OF THE TREASURY, A DESIGNATION THAT AFFIRMS ITS COMMITMENT TO EXPANDING ACCESS TO CAPITAL FOR SMALL AND MIDSIZE BUSINESSES OUTSIDE TRADITIONAL FINANCIAL CHANNELS. CDFI CERTIFICATION ENHANCES RIIF'S VISIBILITY AND CREDIBILITY WITH KEY CAPITAL PROVIDERS IN THE PRIVATE SECTOR, INCLUDING FINANCIAL INSTITUTIONS INCENTIVIZED BY THE COMMUNITY REINVESTMENT ACT (CRA). 931181 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 4 4 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 CA X X PETER LIPPMAN 4155106044 785 MARKET STREET SUITE 1200 SAN FRANCISCO CA 94103 X LEWIS BYRD CHAIR THROUGH 6/2024 1.00 X X 0 0 0 PHILLIP ESTES TREAS THRU 6/2024/CHAIR START 7/2024 1.00 X X 0 0 0 STUART DAVIDSON SECRETARY 1.00 X X 0 0 0 TERRY ING TREASURER START 7/2024 1.00 X X 0 0 0 CEDRIC D THURMAN BOARD MEMBER 1.00 X 0 0 0 CARRIE MCKELLOGG CHIEF EXECUTIVE OFFICER 24.00 X 264857 0 47795 PETER LIPPMAN CHIEF FINANCIAL OFFICER 24.00 X 224654 0 32049 489511 0 79844 2 0 1 1 0 100000 1347316 1447316 PRI INTEREST INCOME 525990 212654 212654 PROGRAM LOAN FEES 525990 63236 63236 275890 74099 74099 1797305 275890 0 74099 X 25000 25000 604547 551538 53009 208565 208565 PROVISION FOR LOAN LOSS 146078 146078 984190 931181 53009 0 7306 7306 9091055 12319649 0 250000 28555 25680 1951458 2818366 11078374 15421001 7680 717689 321000 121000 75000 8006810 10951313 8335490 11865002 X 1817884 2544923 925000 1011076 2742884 3555999 11078374 15421001 813115 0 X 0 1 X 1 1 1 X 425250 1587 58127 1329404 1447316 3261684 425250 1587 58127 1329404 1447316 3261684 1226516 2035168 76243 119005 190398 315565 74099 775310 6542 6542 4043536 275890 0.50330 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER REVENUE - 2020 AMOUNT: $ 6,542. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 PROGRAM-RELATED LOANS 2818366 F 2818366 X 3007441 1210136 1210136 1797305 0 1797305 2194326 1210136 1210136 984190 0 984190 PART X, LINE 2: RIIF IS EXEMPT FROM FEDERAL AND CALIFORNIA INCOME TAX UNDER INTERNAL REVENUE CODE SECTION 501(C)(3) AND CALIFORNIA REVENUE AND TAXATION CODE SECTION 23701D. RIIF HAS BEEN CLASSIFIED AS A PUBLICLY SUPPORTED ORGANIZATION AS DESCRIBED IN SECTION 509(A)(1) OF THE INTERNAL REVENUE CODE. ACCORDINGLY, DONORS ARE ENTITLED TO THE MAXIMUM CHARITABLE CONTRIBUTION ALLOWED BY LAW. THE MANAGEMENT OF RIIF BELIEVES THAT NO ACTIVITIES OF RIIF JEOPARDIZED ITS EXEMPTION FROM INCOME TAXES, ITS CLASSIFICATION AS A "PUBLIC CHARITY OR SUBJECTED RIIF TO TAXES ON UNRELATED BUSINESS INCOME. GAAP REQUIRES RIIF MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY RIIF AND RECOGNIZE A TAX LIABILITY (OR ASSET), IF RIIF HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE INTERNAL REVENUE SERVICE. RIIF'S EVALUATION ON DECEMBER 31, 2024 AND 2023, REVEALED NO TAX POSITIONS THAT WOULD HAVE A MATERIAL IMPACT ON THE CONSOLIDATED FINANCIAL STATEMENTS. THE TAX RETURNS OF RIIF ARE SUBJECT TO EXAMINATION BY FEDERAL AND STATE TAXING AUTHORITIES. HOWEVER, THERE ARE CURRENTLY NO EXAMINATIONS IN PROGRESS OR PENDING. 1 MOUNTAIN BIZCAPITAL INC (DBA MOUNTAIN BIZWORKS) 153 S LEXINGTON AVENUE ASHEVILLE NC 28801 141864873 501(C)(3) 25000 0 WNC STRONG: REBUILDING TOGETHER GRANT FUND 1 0 PART I, LINE 2: GRANT FUNDS AWARDED DURING 2024 WERE UNRESTRICTED, AND THUS NO MONITORING WAS REQUIRED. HOWEVER, THE ORGANIZATION DOES COMPLETE A DUE DILIGENCE PROCESS TO VET THE ORGANIZATION AND THE ACTIVITIES FOR WHICH THE GRANT IS FUNDING TO ENSURE ITS MISSION-ALIGNED. X X 0 0 0 0 0 0 0 0 0 CARRIE MCKELLOGG CHIEF EXECUTIVE OFFICER 264857 0 0 0 0 0 10816 0 36979 0 312652 0 0 0 PETER LIPPMAN CHIEF FINANCIAL OFFICER 224654 0 0 0 0 0 0 0 32049 0 256703 0 0 0 FORM 990, PART VII, SECTION A, LINE 5 AND SCHEDULE J, PART II: THE ORGANIZATION'S CEO AND CFO ARE COMPENSATED BY REDF, AN UNRELATED (BUT AFFILIATED) TAX-EXEMPT ORGANIZATION; THE ORGANIZATION THEN REIMBURSES REDF FOR A PORTION OF THESE INDIVIDUALS SALARIES AND BENEFITS. FORM 990, PART VII, SECTION A AND SCHEDULE J, PART II REFLECTS 100% OF THESE INDIVIDUALS' COMPENSATION & BENEFITS PACKAGES. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY AN INDEPENDENT TAX ACCOUNTANT IN CONJUNCTION WITH THE ORGANIZATION'S FINANCE STAFF. A DRAFT FORM 990 IS REVIEWED BY MANAGEMENT; ADJUSTMENTS ARE MADE AS NECESSARY. A COMPLETE COPY OF THE FORM 990 IS MADE AVAILABLE TO THE BOARD OF DIRECTORS FOR REVIEW AND COMMENT PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION HAS A CONFLICT OF INTEREST POLICY WHICH COVERS ALL MEMBERS OF THE BOARD OF DIRECTORS, OFFICERS, AND KEY EMPLOYEES. UNDER THE CONFLICT OF INTEREST POLICY, EACH COVERED PERSON IS REQUIRED TO PROMPTLY AND FULLY DISCLOSE ALL MATERIAL FACTS OF EVERY ACTUAL OR POTENTIAL CONFLICT OF INTEREST: (I) EXISTING AT THE TIME WHEN HE/SHE BECOMES A COVERED PERSON; (II) THAT ARISES WHILE HE/SHE IS A COVERED PERSON, AT THE TIME SUCH ACTUAL OR POTENTIAL CONFLICT ARISES; AND (III) ANNUALLY IN CONJUNCTION WITH HIS/HER DELIVERY OF HIS/HER ACKNOWLEDGMENT OF THE CONFLICT OF INTEREST POLICY. ALL DISCLOSURES INVOLVING A TRANSACTION OR ARRANGEMENT BEING CONSIDERED AT A MEETING OF THE BOARD OF DIRECTORS OR A COMMITTEE SHALL BE MADE TO ALL MEMBERS PRESENT AT SUCH MEETING; ALL OTHER DISCLOSURES SHALL BE MADE TO THE CEO (WHO SHALL DISCLOSE HIS OR HER CONFLICTS TO THE BOARD OF DIRECTORS). THE ORGANIZATION MAY ENTER INTO A TRANSACTION OR ARRANGEMENT IN WHICH A COVERED PERSON HAS A CONFLICT OF INTEREST ONLY IF A MAJORITY OF THE DIRECTORS WHO HAVE NO INTEREST IN THE TRANSACTION OR ARRANGEMENT APPROVE THE TRANSACTION OR ARRANGEMENT AT A BOARD OF DIRECTORS OR COMMITTEE MEETING AFTER DETERMINING, IN GOOD FAITH AND AFTER REASONABLE INVESTIGATION, THAT THE TRANSACTION OR ARRANGEMENT IS FAIR AND REASONABLE TO THE ORGANIZATION AND IS IN THE ORGANIZATION'S BEST INTEREST. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION DOES NOT DIRECTLY COMPENSATE ANY EMPLOYEES; RATHER, EMPLOYEES ARE COMPENSATED BY REDF, AN AFFILIATED BUT UNRELATED (FOR FORM 990 PURPOSES) ORGANIZATION. ACCORDINGLY, FORM 990, PART VI, SECTION B, LINES 15A AND 15B HAVE BEEN MARKED "NO". FOR A DISCUSSION ON HOW COMPENSATION FOR REDF EMPLOYEES IS DETERMINED, PLEASE REFERENCE THE REDF FORM 990. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE GENERAL PUBLIC UPON REQUEST. FORM 990, PART VII, SECTION A: AVERAGE HOURS PER WEEK FOR THE ORGANIZATIONS CEO AND CFO APPEARS LOW AS THESE INDIVIDUALS DEVOTE A PORTION OF THEIR TIME TO REDF, AN UNRELATED (BUT AFFILIATED) ORGANIZATION FOR FORM 990 REPORTING PURPOSES. FORM 990, PART IX, LINE 11G INDUSTRY EXPERTISE AND CONSULTANTS: PROGRAM SERVICE EXPENSES 551,538. MANAGEMENT AND GENERAL EXPENSES 53,009. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 604,547. RIIF CAPITAL LLC 785 MARKET STREET SUITE 1200 SAN FRANCISCO CA 94103 332271362 HOLDING CO. FOR LLC DEVELOPING & MANAGING IMPACT FIRST PRIVATE EQUITY FUNDS DE REDF IMPACT INVESTING FUND C 1.00000 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0