Nonprofit · EIN 23-2331946
REINVESTMENT FUND INC
Tax-exempt · PHILADELPHIA, PA 19103
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $56,470,670 | $49,646,075 | $6,824,595 | $698,442,334 | $413,778,961 | $284,663,373 |
| December 31, 2023 | 990 | $78,044,764 | $51,306,065 | $26,738,699 | $669,610,468 | $392,712,663 | $276,897,805 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $14,448,082
- of which government grants
- $8,262,610
- Program service revenue
- $36,847,508
- Investment income
- $4,894,249
- Net gain from sales of assets
- $132,425
- Other revenue
- $280,831
Expenses
- Grants and similar amounts paid
- $10,400,106
- Compensation of officers, directors and key employees
- $3,345,336
- Other salaries and wages
- $9,644,975
- Salaries, compensation and benefits (total)
- $16,973,803
- Professional fundraising fees
- $56,932
- Legal fees
- $255,891
- Accounting fees
- $244,264
- Occupancy
- $689,650
- Travel
- $150,401
- Depreciation
- $184,476
- Program services (functional)
- $38,184,937
- Management and general (functional)
- $11,166,598
- Fundraising (functional)
- $294,540
Balance sheet and other
- Total assets, start of year
- $669,610,468
- Total assets, end of year
- $698,442,334
- Total liabilities, end of year
- $413,778,961
- Net assets, end of year
- $284,663,373
- Land, buildings and equipment
- $658,443
- Publicly traded securities
- $41,986,616
- Net assets without donor restrictions
- $169,208,085
- Net assets with donor restrictions
- $115,455,288
- Gross receipts
- $101,054,354
- Employees
- 119
- Volunteers
- 47
- Year formed
- 1985
- State of legal domicile
- PA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| DONALD HINKLE-BROWN | PRESIDENT & CEO Officer | 37.5 | $648,910 | $78,378 |
| CHEILA FERNANDEZ | COO & CORPORATE SECRETARY Officer | 37.5 | $489,732 | $87,305 |
| KAREEM THOMAS | CHIEF CREDIT OFFICER Officer | 37.5 | $391,195 | $91,850 |
| CHRISTINA SZCZEPANSKI | PRESIDENT, LENDING & INVES Officer | 37.5 | $342,060 | $53,471 |
| IRA GOLDSTEIN | SENIOR ADVISOR, POLICY SOL Highest-paid employee | 37.5 | $290,981 | $41,896 |
| TIFFANY CANADY | CHIEF FINANCIAL OFFICER Officer | 37.5 | $270,794 | $38,939 |
| TIFFANY PATTERSON | CC & MISSION OFFICER Key employee | 37.5 | $278,569 | $30,419 |
| SARA VERNON STERMAN | CHIEF PROGRAMS OFFICER Key employee | 37.5 | $286,667 | $21,949 |
| AMANDA HIGH | OUTGOING-CSO Officer | 37.5 | $289,478 | $11,297 |
| ROBERT COX | MD, COMMUNITY LENDING Highest-paid employee | 37.5 | $271,252 | $16,360 |
| EMILY DOWDALL | PRESIDENT, POLICY SOLUTION Key employee | 37.5 | $240,877 | $42,478 |
| TRACY MURRAY MOORE | CHIEF HUMAN RESOURCES OFFI Highest-paid employee | 37.5 | $269,261 | $9,753 |
| CHARLES LICHTENWALNER | MD, INFORMATION TECHNOLOGY Highest-paid employee | 37.5 | $220,366 | $54,657 |
| TROY SPENCE | MD, RISK AND COMPLIANCE Highest-paid employee | 37.5 | $230,606 | $41,362 |
| RHONDA SMITH | ASSISTANT CORPORATE SECRET Officer | 37.5 | $107,052 | $36,764 |
16 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CYNTHIA FIGUEROA | BOARD MEMBER Trustee or director | 1.5 | $0 |
| DANIEL HAYES | BOARD MEMBER Trustee or director | 2 | $0 |
| DUDLEY BENOIT | BOARD MEMBER, FINANCE COMM Trustee or director, Officer | 2 | $0 |
| LISA DETWILER | BOARD MEMBER, AUDIT COMMITTEE CHAIR Trustee or director, Officer | 2 | $0 |
| IVY DENCH-CARTER | BOARD MEMBER Trustee or director | 1.5 | $0 |
| KATHERINE O'REGAN | BOARD MEMBER, POLICY ADVISORY CHAIR Trustee or director, Officer | 1.5 | $0 |
| MARLAND BUCKNER | BOARD MEMBER Trustee or director | 2 | $0 |
| MELISSA WEILER GERBER | BOARD MEMBER Trustee or director | 1.5 | $0 |
| MICHAEL DAVIS | BOARD MEMBER, GOVERNANCE C Trustee or director, Officer | 2 | $0 |
| PHYLLIS CATER | BOARD MEMBER, COMMUNITY ADVISORY CHAIR Trustee or director, Officer | 1.5 | $0 |
| RAQUEL FAVELA | BOARD MEMBER Trustee or director | 1.5 | $0 |
| RAYMOND SKINNER | BOARD MEMBER, LOAN COMMITT Trustee or director, Officer | 2.5 | $0 |
| SANDEEP WADHWA | BOARD MEMBER Trustee or director | 1.5 | $0 |
| SAUL BEHAR | BOARD CHAIR, COMPENSATION Trustee or director, Officer | 3 | $0 |
| VICKI LUNDY-WILBON | BOARD MEMBER Trustee or director | 1.5 | $0 |
| WENDELL PRITCHETT | BOARD MEMBER Trustee or director | 1.5 | $0 |
990 for the year ended December 31, 2023: 30 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| DONALD HINKLE-BROWN | PRESIDENT & CEO Officer | 37.5 | $644,076 | $62,075 |
| CHEILA FERNANDEZ | COO & CORPORATE SECRETARY Officer | 37.5 | $337,321 | $85,006 |
| CHRISTINA SZCZEPANSKI | PRESIDENT, LENDING & INVESTMENTS Officer | 37.5 | $348,716 | $49,661 |
| IRA GOLDSTEIN | SENIOR ADVISOR, POLICY SOLUTIONS Highest-paid employee | 37.5 | $352,585 | $43,049 |
| AMANDA HIGH | CHIEF STRATEGY OFFICER Officer | 37.5 | $356,736 | $34,819 |
| TRACY MURRAY MOORE | CHIEF HUMAN RESOURCES OFFICER Highest-paid employee | 37.5 | $279,248 | $69,865 |
| NANCY WAGNER-HISLIP | OUTGOING-CHIEF INVESTMENT OFFICER Officer | 37.5 | $296,894 | $43,028 |
| KAREEM THOMAS | CHIEF CREDIT OFFICER Officer | 37.5 | $254,399 | $85,242 |
| MICHAEL M CRIST | OUTGOING-CFO Officer | 37.5 | $261,574 | $36,174 |
| TIMOTHY GILLESPIE | TREASURER Highest-paid employee | 37.5 | $223,598 | $56,372 |
| TRACY PETROFSKY | SENIOR DIRECTOR, OPERATIONS STRATEGIC PRIORITIES Highest-paid employee | 22.5 | $252,599 | $20,776 |
| SARA VERNON STERMAN | CHIEF PROGRAMS OFFICER Key employee | 37.5 | $253,399 | $19,410 |
| EMILY DOWDALL | PRESIDENT, POLICY SOLUTIONS Highest-paid employee | 37.5 | $220,241 | $40,735 |
| RHONDA SMITH | ASSISTANT CORPORATE SECRETARY Officer | 37.5 | $127,264 | $36,605 |
| SAUL BEHAR | BOARD CHAIR, COMPENSATION COMMITTEE Trustee or director, Officer | 3 | $0 | $0 |
| CYNTHIA FIGUEROA | BOARD MEMBER Trustee or director | 1.5 | $0 | $0 |
| DANIEL HAYES | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| DUDLEY BENOIT | BOARD MEMBER, FINANCE COMMITTEE CHAIR Trustee or director, Officer | 1.5 | $0 | $0 |
| IVY CARTER-DENCH | BOARD MEMBER Trustee or director | 1.5 | $0 | $0 |
| KATHY O'REGAN | BOARD MEMBER Trustee or director | 1.5 | $0 | $0 |
| LISA DETWEILER | BOARD MEMBER, AUDIT COMMITTEE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| MARLAND BUCKNER | BOARD MEMBER Trustee or director | 1.5 | $0 | $0 |
| MELISSA WEILER GERBER | BOARD MEMBER Trustee or director | 1.5 | $0 | $0 |
| MICHAEL DAVIS | BOARD MEMBER, GOVERNANCE COMMITTEE CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| PHYLLIS CATER | BOARD MEMBER Trustee or director | 1.5 | $0 | $0 |
| RAQUEL FAVELA | BOARD MEMBER Trustee or director | 1.5 | $0 | $0 |
| RAYMOND SKINNER | BOARD MEMBER, LOAN COMMITTEE CHAIR Trustee or director, Officer | 1.5 | $0 | $0 |
| SANDEEP WADHWA | BOARD MEMBER Trustee or director | 1.5 | $0 | $0 |
| VICKI LUNDY-WILBON | BOARD MEMBER Trustee or director | 1.5 | $0 | $0 |
| WENDELL PRITCHETT | BOARD MEMBER Trustee or director | 1.5 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 2005 MARKET ST STE 3000, PHILADELPHIA, PA 19103-7003
- Principal officer (990 for 2024)
- DONALD HINKLE-BROWN, 1700 MARKET STREET 19TH FLOOR, PHILADELPHIA, PA 19103
- Signed the 990
- TIFFANY CANADY, CFO
- Phone
- (215) 574-5800
- Website
- WWW.REINVESTMENT.COM
- Return prepared by
- COHNREZNICK ADVISORY LLC
Mission
THE REINVESTMENT FUND, INC. CREATES OPPORTUNITY FOR UNDERSERVED PEOPLE AND PLACES THROUGH PARTNERSHIPS. IT MARSHALS THE CAPITAL, ANALYTICS, AND EXPERTISE NECESSARY TO BUILD STRONG, HEALTHY, AND MORE EQUITABLE COMMUNITIES.
Program accomplishments
- LENDING: ENCOMPASSES THE ORGANIZATION'S FINANCING OF HOMES, SCHOOLS, HEALTHY FOOD RETAIL, HEALTHCARE AND OTHER PROJECTS THAT BENEFIT LOW-WEALTH PEOPLE AND PLACES AND IS THE CORE LENDING FUNCTION OF THE ORGANIZATION. IN 2024, THE ORGANIZATION LENT $248 MILLION ACROSS 20 STATES, WHICH CONSTRUCTED, REHABILITATED OR PRESERVED 3,061 HOMES, 4 HEALTH CARE FACILITIES, 6 FOOD RETAIL AND SUPPLY CHAIN PROJECTS, 12 COMMUNITY FACILITIES, TWO K-12 SCHOOLS, AND ONE UNIVERSITY. HIGHLIGHTS INCLUDE USING NEW MARKET TAX CREDITS TO FINANCE A CAMPUS IN FLORIDA THAT WILL PROVIDE SERVICES TO FAMILIES EXPERIENCING HOMELESSNESS, A REVITALIZING INVESTMENT IN THE HBCU WILBERFORCE UNIVERSITY, AND A PARTNERSHIP WITH AN EXPERIENCED DEVELOPER OF COMMUNITY BASED SOLAR PROJECTS ACROSS THE COUNTRY.Expenses $19,837,719 · revenue $34,372,308
- POLICY SOLUTIONS: CONDUCTS POLICY, DATA ANALYSIS AND SOCIAL IMPACT ANALYSES THAT ADVANCE REINVESTMENT FUND, INC.'S MISSION AND EFFECT SYSTEM CHANGE, ON BEHALF OF REINVESTMENT FUND, INC. AS WELL AS PUBLIC AND PHILANTHROPIC CLIENTS. IN 2024, AN ANALYSIS IN D.C. OF EARLY CHILDCARE EDUCATION SUPPLY, DEMAND, AND SHORTAGE WAS RELEASED, A COMMUNITY OF PRACTICE CONVENED IN JACKSONVILLE, FL, A CRITICAL EVALUATION OF AFFORDABLE HOUSING IN PHILADELPHIA WAS COMMISSIONED AND UTILIZED BY THE CITY, AND THE FIRST MARKET VALUE ANALYSIS FOR THE CITY OF ATLANTA AND THE ATLANTA METRO AREA WAS RELEASED.Expenses $2,600,744 · revenue $1,513,018
- CAPACITY BUILDING & CAPITAL ACCESS: USES GRANTS AND TECHNICAL ASSISTANCE TO MAKE ACCESS TO CAPITAL MORE EQUITABLE FOR LOW-WEALTH INDIVIDUALS AND COMMUNITIES, PARTICULARLY IN THE AREAS OF EARLY CHILDHOOD EDUCATION, FOOD AND SOCIAL DETERMINANTS OF HEALTH, AND HBCUS. IN 2024, THE ORGANIZATION PROVIDED OVER $41 MILLION IN GRANTS AND TECHNICAL ASSISTANCE. THE ORGANIZATION CELEBRATED 10 YEARS OF THE FUND FOR QUALITY IN PHILADELPHIA WHICH IS A PARTNERSHIP WITH PUBLIC HEALTH MANAGEMENT CORPORATION AND FUNDING FROM THE WILLIAM PENN FOUNDATION, AND VANGUARD STRONG START FOR KIDS PROGRAM.Expenses $15,178,947 · grants $10,125,106 · revenue $606,981
- SUSTAINABLE DEVELOPMENT FUND ("SDF"): REPRESENTS AN ENERGY-RELATED FUND THAT USES LOANS, INVESTMENTS AND GRANTS TO AUGMENT THE ORGANIZATION'S EXISTING ENERGY CONSERVATION AND COMMUNITY INVESTING EFFORTS. SDF WAS CREATED BY THE PARTIES TO THE PECO ENERGY COMPANY ("PECO ENERGY") RESTRUCTURING AND APPROVED BY THE PENNSYLVANIA PUBLIC UTILITY COMMISSION ("PUC") IN MAY 1998.Expenses $567,527 · grants $275,000 · revenue $355,201
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 23-2331946
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1985
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S200)
- Assets (IRS master file)
- $698,442,334
- Income (IRS master file)
- $101,054,354
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $56,470,670 | $49,646,075 | $698,442,334 | IRS |
| 990 | December 2023 | $78,044,764 | $51,306,065 | $669,610,468 | XML |
| 990 | December 2022 | $54,478,225 | $40,371,633 | $609,720,317 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 23-2331946).
Questions about REINVESTMENT FUND INC
- What is the EIN of REINVESTMENT FUND INC?
- The employer identification number (EIN) of REINVESTMENT FUND INC is 23-2331946.
- Is REINVESTMENT FUND INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1985.
- Are donations to REINVESTMENT FUND INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does REINVESTMENT FUND INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of REINVESTMENT FUND INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did REINVESTMENT FUND INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of REINVESTMENT FUND INC?
- The 990 for the year ended December 31, 2024 names DONALD HINKLE-BROWN.
- Who are the officers and directors of REINVESTMENT FUND INC?
- The 990 for the year ended December 31, 2024 lists 31 people; 15 received compensation from the organization, the highest $648,910 (DONALD HINKLE-BROWN, PRESIDENT & CEO).
- How much revenue does REINVESTMENT FUND INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $56,470,670, expenses of $49,646,075 and total assets of $698,442,334 at year end.
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