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Nonprofit · EIN 27-2411030

COMMUNITY DEVELOPMENT FINANCE ALLIANCE

Tax-exempt · SALT LAKE CTY, UT 84101

Financials

$1.9M$1.9M2023$1.7M$1.8M2024$1.9M$1.8M2025
Revenue Expenses · by fiscal year end
Financials of COMMUNITY DEVELOPMENT FINANCE ALLIANCE by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2025990$1,939,341$1,788,136$151,205$28,753,951$26,853,429$1,900,522
December 31, 2024990$1,716,073$1,753,328-$37,255$40,112,222$38,362,905$1,749,317
December 31, 2023990$1,880,804$1,873,899$6,905$48,734,905$46,948,335$1,786,570
Financial details: 990 for the year ended December 31, 2025

Revenue

Contributions, gifts and grants
$0
Program service revenue
$776,490
Investment income
$1,136,851
Other revenue
$26,000

Expenses

Grants and similar amounts paid
$0
Other salaries and wages
$476,588
Salaries, compensation and benefits (total)
$481,568
Professional fundraising fees
$0
Legal fees
$5,000
Accounting fees
$36,248
Occupancy
$6,341
Travel
$621
Depreciation
$460
Program services (functional)
$1,685,001
Management and general (functional)
$103,135

Balance sheet and other

Total assets, start of year
$40,112,222
Total assets, end of year
$28,753,951
Total liabilities, end of year
$26,853,429
Net assets, end of year
$1,900,522
Land, buildings and equipment
$1,491
Net assets without donor restrictions
$1,900,522
Gross receipts
$1,939,341
Employees
0
Volunteers
0
Year formed
2010
State of legal domicile
UT

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, 2025, highest compensation first.

NameTitleHours / weekCompensation
AMY ROWLANDPRESIDENT
Trustee or director, Officer, Key employee, Highest-paid employee
40$187,049
STACI L OLSENPROGRAM MANAGER
Key employee, Highest-paid employee
40$145,362
KATHY HALEBOARD CHAIR
Trustee or director, Officer
1$0
WILLIAM WHETSTONEVICE CHAIR
Trustee or director, Officer
1$0
WENDY LEONELLISECRETARY / TREASURER
Trustee or director, Officer
1$0
KIMBERLY PAULDINGDIRECTOR
Trustee or director, Officer
1$0
NEFI GAMEZDIRECTOR
Trustee or director, Officer
1$0
990 for the year ended December 31, 2024: 7 people
NameTitleHours / weekCompensation
AMY ROWLANDPRESIDENT
Trustee or director, Officer, Key employee, Highest-paid employee
40$175,058
STACI L OLSENPROGRAM MANAGER
Key employee, Highest-paid employee
40$132,418
KATHY HALEBOARD CHAIR
Trustee or director, Officer
1$0
WILLIAM WHETSTONEVICE CHAIR
Trustee or director, Officer
1$0
WENDY LEONELLISECRETARY / TREASURER
Trustee or director, Officer
1$0
KIMBERLY PAULDINGDIRECTOR
Trustee or director, Officer
1$0
NEFI GAMEZDIRECTOR
Trustee or director, Officer
1$0
990 for the year ended December 31, 2023: 7 people
NameTitleHours / weekCompensation
AMY ROWLANDPRESIDENT
Trustee or director, Officer, Key employee, Highest-paid employee
40$175,058
STACI L OLSENPROGRAM MANAGER
Key employee, Highest-paid employee
40$132,418
KATHY HALEBOARD CHAIR
Trustee or director, Officer
1$0
WILLIAM WHETSTONEVICE CHAIR
Trustee or director, Officer
1$0
WENDY LEONELLISECRETARY / TREASURER
Trustee or director, Officer
1$0
SCOTT LOOMISDIRECTOR
Trustee or director, Officer
1$0
KIMBERLY PAULDINGDIRECTOR
Trustee or director, Officer
1$0

Address and contacts

Address (IRS master file)
230 S 500 W STE 205, SALT LAKE CTY, UT 84101-1246
Principal officer (990 for 2025)
AMY ROWLAND, 230 SOUTH 500 WEST SUITE 205, SALT LAKE CITY, UT 84101
Signed the 990
AMY ROWLAND, PRESIDENT
Phone
(801) 557-1537
Return prepared by
NOVOGRADAC & COMPANY LLP

Mission

SERVE OR PROVIDE INVESTMENT CAPITAL TO LOW INCOME COMMUNITIES OR LOW INCOME PERSONS WITHIN THE ORGANIZATION'S DESIGNATED SERVICE AREA.

990 for the year ended December 31, 2025

Program accomplishments

  • THE ORGANIZATION'S PRIMARY ACTIVITIES ARE CENTERED IN PROVIDING TAX CREDITS TO INVESTORS MAKING QUALIFIED LOW INCOME COMMUNITY INVESTMENTS TO QUALIFIED ACTIVE LOW INCOME COMMUNITY BUSINESSES IN ACCORDANCE WITH NMTC REQUIREMENTS.
    Expenses $1,685,001

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026990 on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
27-2411030
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (509(a)(2))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2014
Accounting year ends
December
Files
Form 990 or 990-EZ
Category (NTEE)
Education (B90)
Assets (IRS master file)
$28,753,951
Income (IRS master file)
$1,939,341

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2025$1,939,341$1,788,136$28,753,951XML
990December 2024$1,716,073$1,753,328$40,112,222XML
990December 2023$1,880,804$1,873,899$48,734,905XML
990December 2022$1,858,553$1,844,654$50,189,963IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2019–––IRS
990December 2018–––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 27-2411030).

Questions about COMMUNITY DEVELOPMENT FINANCE ALLIANCE

What is the EIN of COMMUNITY DEVELOPMENT FINANCE ALLIANCE?
The employer identification number (EIN) of COMMUNITY DEVELOPMENT FINANCE ALLIANCE is 27-2411030.
Is COMMUNITY DEVELOPMENT FINANCE ALLIANCE tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2014.
Are donations to COMMUNITY DEVELOPMENT FINANCE ALLIANCE tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does COMMUNITY DEVELOPMENT FINANCE ALLIANCE 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 COMMUNITY DEVELOPMENT FINANCE ALLIANCE due?
The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
When did COMMUNITY DEVELOPMENT FINANCE ALLIANCE last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2025.
Who is the principal officer of COMMUNITY DEVELOPMENT FINANCE ALLIANCE?
The 990 for the year ended December 31, 2025 names AMY ROWLAND.
Who are the officers and directors of COMMUNITY DEVELOPMENT FINANCE ALLIANCE?
The 990 for the year ended December 31, 2025 lists 7 people; 2 received compensation from the organization, the highest $187,049 (AMY ROWLAND, PRESIDENT).
How much revenue does COMMUNITY DEVELOPMENT FINANCE ALLIANCE have?
On its 990 for the year ended December 31, 2025 it reported revenue of $1,939,341, expenses of $1,788,136 and total assets of $28,753,951 at year end.

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