Nonprofit · EIN 52-1591398
CALVERT IMPACT CAPITAL INC
Tax-exempt · BETHESDA, MD 20814
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $39,494,064 | $30,809,389 | $8,684,675 | $737,659,052 | $683,231,756 | $54,427,296 |
| December 31, 2023 | 990 | $33,426,249 | $36,826,893 | -$3,400,644 | $689,904,043 | $648,209,948 | $41,694,095 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $479,267
- Program service revenue
- $37,618,442
- Investment income
- $1,396,355
- Net gain from sales of assets
- $1,396,355
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $1,048,491
- Other salaries and wages
- $5,099,493
- Salaries, compensation and benefits (total)
- $6,147,984
- Professional fundraising fees
- $0
- Legal fees
- $474,281
- Occupancy
- $371,355
- Travel
- $62,330
- Depreciation
- $186,887
- Program services (functional)
- $28,249,703
- Management and general (functional)
- $2,203,526
- Fundraising (functional)
- $356,160
Balance sheet and other
- Total assets, start of year
- $689,904,043
- Total assets, end of year
- $737,659,052
- Total liabilities, end of year
- $683,231,756
- Net assets, end of year
- $54,427,296
- Land, buildings and equipment
- $755,694
- Publicly traded securities
- $21,491,842
- Net assets without donor restrictions
- $54,239,725
- Net assets with donor restrictions
- $187,571
- Gross receipts
- $64,508,885
- Employees
- 0
- Volunteers
- 14
- Year formed
- 1988
- State of legal domicile
- MD
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 |
|---|---|---|---|---|
| JENNIFER PRYCE | PRESIDENT & CEO Officer | 20 | $664,155 | $56,976 |
| DEREK STROCHER | CHIEF FINANCIAL OFFICER Officer | 20 | $463,256 | $56,976 |
| ELIZABETH BAFFORD | VP, SYNDICATIONS & STRATEGY Highest-paid employee | 40 | $438,621 | $56,976 |
| JUSTIN CONWAY | SECRETARY, PRESIDENT OF CIP Officer | 40 | $370,833 | $56,976 |
| CATHERINE GODSCHALK | VP, LENDING Highest-paid employee | 40 | $348,290 | $56,976 |
| EMMELINE LIU | GENERAL COUNSEL Highest-paid employee | 40 | $337,125 | $56,976 |
| LAURI MICHEL | VP, RISK MANAGEMENT Highest-paid employee | 40 | $334,757 | $55,406 |
| ANN DOBBYN | VP, CONTROLLER Highest-paid employee | 40 | $225,900 | $38,080 |
| DR JENNIFER ISERN | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| ARON BETRU | DIRECTOR Trustee or director | 1 | $0 | $0 |
| RUMA BOSE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MEESHA BROWN | DIRECTOR (OUTGOING 2024) Trustee or director | 1 | $0 | $0 |
| DEBORAH BURAND | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DEENA BURJORJEE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MARIO ESPINOSA | DIRECTOR Trustee or director | 1 | $0 | $0 |
7 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| PHIL KIRSHMAN | DIRECTOR/GOVERNANCE & PENSION COMMITTEE CHAIR Trustee or director | 1 | $0 |
| LYNN NGUYEN | DIRECTOR (OUTGOING 2024) Trustee or director | 1 | $0 |
| SCOTT PAGE | DIRECTOR Trustee or director | 1 | $0 |
| DECKER ROLPH | DIRECTOR/COMPENSATION COMMITTEE CHAIR Trustee or director | 1 | $0 |
| KATHY STEARNS | DIRECTOR/CREDIT COMMITTEE CHAIR Trustee or director | 1 | $0 |
| LISA BUHAIN WINSLOW | DIRECTOR/RISK COMMITTEE CHAIR (INCOMING 2024) Trustee or director | 1 | $0 |
| FERN THOMAS | DIRECTOR/AUDIT & FINANCE COMMITTEE CHAIR Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 21 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JENNIFER PRYCE | PRESIDENT & CEO Officer | 40 | $548,696 | $56,833 |
| DEREK STROCHER | CHIEF FINANCIAL OFFICER Officer | 40 | $445,240 | $52,232 |
| CATHERINE GODSCHALK | VP, LENDING Highest-paid employee | 40 | $314,771 | $55,230 |
| JUSTIN CONWAY | SECRETARY, PRESIDENT OF CIP Officer | 40 | $332,181 | $26,899 |
| ELIZEBETH BAFFORD | VP, SYNDICATIONS & STRATEGY Highest-paid employee | 40 | $312,689 | $44,521 |
| LAURI MICHEL | VP RISK MANAGEMENT Highest-paid employee | 40 | $296,292 | $34,742 |
| EMMELINE LIU | GENERAL COUNSEL Highest-paid employee | 40 | $287,055 | $39,659 |
| LUCAS PAPPAS | DIRECTOR OF INVESTMENTS Highest-paid employee | 40 | $214,958 | $19,322 |
| DR JENNIFER ISERN | CHAIR Trustee or director | 1 | $0 | $0 |
| ARON BETRU | DIRECTOR Trustee or director | 1 | $0 | $0 |
| RUMA BOSE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MEESHA BROWN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DEBORAH BURAND | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DEENA BURJORJEE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MARIO ESPINOSA | DIRECTOR/RISK COMMITTEE CHAIR Trustee or director | 1 | $0 | $0 |
| PHIL KIRSHMAN | DIRECTOR/GOVERNANCE & PENSION COMMITTEE CHAIR Trustee or director | 1 | $0 | $0 |
| LYNN NGUYEN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| SCOTT PAGE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DECKER ROLPH | DIRECTOR/COMPENSATION COMMITTEE CHAIR Trustee or director | 1 | $0 | $0 |
| KATHY STEARNS | DIRECTOR/CREDIT COMMITTEE CHAIR Trustee or director | 1 | $0 | $0 |
| FERN THOMAS | DIRECTOR/AUDIT & FINANCE COMMITTEE CHAIR Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 7550 WISCONSIN AVENUE 8TH FLOOR, BETHESDA, MD 20814-3559
- Principal officer (990 for 2024)
- JENNIFER PRYCE, 7550 WISCONSIN AVENUE 8TH FLOOR, BETHESDA, MD 20814
- Signed the 990
- DEREK STROCHER, CFO
- Phone
- (800) 248-0337
- Website
- WWW.CALVERTIMPACT.ORG
- Return prepared by
- JOHNSON LAMBERT LLP
Mission
CALVERT IMPACT CAPITAL, INC. WORKS FOR THE BENEFIT OF UNDERSERVED COMMUNITIES AND INDIVIDUALS AND TO ACHIEVE A MORE EQUITABLE AND SUSTAINABLE WORLD BY MAXIMIZING THE FLOW OF CAPITAL IN FURTHERANCE OF SUCH GOALS.
Program accomplishments
- CALVERT IMPACT CAPITAL'S COMMUNITY INVESTMENT NOTES ARE DEBT SECURITIES THAT HELP TO CHANNEL INVESTOR CAPITAL TO HIGH-IMPACT COMMUNITY DEVELOPMENT INITIATIVES. THE CAPITAL RAISED THROUGH THE NOTES DIRECTLY SUPPORTS THE FINANCING NEEDS OF DOMESTIC AND INTERNATIONAL COMMUNITY DEVELOPMENT ORGANIZATIONS, PROJECTS, FUNDS, AND OTHER SOCIAL ENTERPRISES IN FURTHERANCE OF CALVERT IMPACT CAPITAL'S TAX EXEMPT MISSION.Expenses $28,249,703 · revenue $37,618,442
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
- 52-1591398
- 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
- 1989
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S300)
- Assets (IRS master file)
- $737,659,052
- Income (IRS master file)
- $64,508,885
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $39,494,064 | $30,809,389 | $737,659,052 | IRS |
| 990-T | December 2024 | – | – | – | IRS |
| 990 | December 2023 | $33,426,249 | $36,826,893 | $689,904,043 | XML |
| 990-T | December 2023 | – | – | – | IRS |
| 990 | December 2022 | $30,134,256 | $31,119,797 | $659,345,445 | IRS |
| 990-T | December 2022 | – | – | – | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990-T | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990-T | December 2020 | – | – | – | IRS |
| 990 | December 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 52-1591398).
Questions about CALVERT IMPACT CAPITAL INC
- What is the EIN of CALVERT IMPACT CAPITAL INC?
- The employer identification number (EIN) of CALVERT IMPACT CAPITAL INC is 52-1591398.
- Is CALVERT IMPACT CAPITAL INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1989.
- Are donations to CALVERT IMPACT CAPITAL INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does CALVERT IMPACT CAPITAL 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 CALVERT IMPACT CAPITAL 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 CALVERT IMPACT CAPITAL 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 CALVERT IMPACT CAPITAL INC?
- The 990 for the year ended December 31, 2024 names JENNIFER PRYCE.
- Who are the officers and directors of CALVERT IMPACT CAPITAL INC?
- The 990 for the year ended December 31, 2024 lists 22 people; 8 received compensation from the organization, the highest $664,155 (JENNIFER PRYCE, PRESIDENT & CEO).
- How much revenue does CALVERT IMPACT CAPITAL INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $39,494,064, expenses of $30,809,389 and total assets of $737,659,052 at year end.
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All nonprofits in BETHESDA · Maryland · Community improvement and capacity building