Nonprofit · EIN 84-1505466
IMPACT DEVELOPMENT FUND
Tax-exempt · LOVELAND, CO 80537
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $46,471,972 | $14,991,383 | $31,480,589 | $194,003,825 | $114,966,127 | $79,037,698 |
| December 31, 2024 | 990 | $35,219,885 | $10,869,545 | $24,350,340 | $152,478,404 | $104,921,295 | $47,557,109 |
| December 31, 2023 | 990 | $13,003,579 | $7,133,076 | $5,870,503 | $126,217,919 | $103,011,150 | $23,206,769 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $33,193,061
- of which government grants
- $32,180,316
- Program service revenue
- $10,867,624
- Investment income
- $2,411,287
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $900,000
- Compensation of officers, directors and key employees
- $902,918
- Other salaries and wages
- $95,517
- Salaries, compensation and benefits (total)
- $5,320,446
- Professional fundraising fees
- $0
- Legal fees
- $569
- Accounting fees
- $52,163
- Occupancy
- $316,139
- Travel
- $25,358
- Program services (functional)
- $13,639,978
- Management and general (functional)
- $1,118,622
- Fundraising (functional)
- $232,783
Balance sheet and other
- Total assets, start of year
- $152,478,404
- Total assets, end of year
- $194,003,825
- Total liabilities, end of year
- $114,966,127
- Net assets, end of year
- $79,037,698
- Land, buildings and equipment
- $3,996,483
- Net assets without donor restrictions
- $79,037,698
- Gross receipts
- $46,471,972
- Employees
- 56
- Volunteers
- 15
- Year formed
- 1999
- State of legal domicile
- CO
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.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MEGAN FERGUSON | CEO Officer | 40 | $294,987 | $26,827 |
| ERICA MADISON | CHIEF LENDING OFFICER (THRU 11/21/25) Key employee | 40 | $200,297 | $22,794 |
| MARCIA MYERS | CHIEF FINANCIAL OFFICER Officer | 40 | $189,458 | $8,653 |
| CONNIE EALEY | CHIEF ADMINISTRATIVE OFFICER Highest-paid employee | 40 | $180,355 | $7,859 |
| JUSTIN HILL | DIRECTOR OF CLEAN ENERGY LENDING Highest-paid employee | 40 | $172,687 | $5,302 |
| AARON FERGUSON | CHIEF CONSTRUCTION OFFICER Highest-paid employee | 40 | $163,843 | $13,977 |
| RACHEL TWEEDY | CHIEF OPERATING OFFICER Key employee | 40 | $155,674 | $10,704 |
| KATHERINE PALMER | CHIEF POLICY & PERFORMANCE OFFICER Highest-paid employee | 40 | $144,789 | $15,578 |
| ROHANA PARKS | CHIEF PEOPLE OFFICER Highest-paid employee | 40 | $127,641 | $770 |
| BECKY CHRISTOFFERSEN | PRESIDENT Trustee or director, Officer | 2 | $0 | $0 |
| JAVONNI BUTLER | VICE PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| RANDY ILICH | TREASURER Trustee or director, Officer | 2 | $0 | $0 |
| MICAH HALVERSON | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| MARK OCONNOR | PAST PRESIDENT Trustee or director, Officer | 3 | $0 | $0 |
| KRISTI BUDISH | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 |
6 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KRISTIN CANDELLA | BOARD MEMBER Trustee or director | 0.5 | $0 |
| RENEE GALLEGOS | BOARD MEMBER Trustee or director | 0.5 | $0 |
| DAN KUSEL | BOARD MEMBER Trustee or director | 0.5 | $0 |
| ANNIE PERIZZOLO | BOARD MEMBER Trustee or director | 2 | $0 |
| BRIAN ROSSBERT | BOARD MEMBER Trustee or director | 0.5 | $0 |
| MARY STEGNER | BOARD MEMBER Trustee or director | 0.5 | $0 |
990 for the year ended December 31, 2024: 22 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MEGAN FERGUSON | CEO (AS OF 07/24) Officer | 40 | $236,107 | $19,202 |
| ERICA MADISON | CHIEF LENDING OFFICER Key employee | 40 | $168,071 | $18,653 |
| GINA WINTERHALDER | CONTROLLER Highest-paid employee | 40 | $144,974 | $20,743 |
| AARON FERGUSON | CHIEF CONSTRUCTION OFFICER Highest-paid employee | 40 | $137,157 | $10,635 |
| CONNIE EALEY | CHIEF COMPLIANCE OFFICER Highest-paid employee | 40 | $137,111 | $5,373 |
| SEAN DOHERTY | CEO (THRU 07/24) Officer | 40 | $123,129 | $14,875 |
| EMILY NILSEN | CHIEF PROGRAMS OFFICER Highest-paid employee | 40 | $123,722 | $13,991 |
| RACHEL TWEEDY | CHIEF OPERATING OFFICER Highest-paid employee | 40 | $124,785 | $8,966 |
| BECKY CHRISTOFFERSEN | PRESIDENT Trustee or director, Officer | 2 | $0 | $0 |
| JAVONNI BUTLER | VICE PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| RANDY ILICH | TREASURER Trustee or director, Officer | 2 | $0 | $0 |
| MICAH HALVERSON | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| MARK OCONNOR | PAST PRESIDENT Trustee or director, Officer | 2 | $0 | $0 |
| KRISTI BUDISH | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 |
| KRISTIN CANDELLA | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 |
| RENEE GALLEGOS | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 |
| DAN KUSEL | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 |
| JENN LOPEZ | BOARD MEMBER (THRU 12/4/24) Trustee or director | 0.5 | $0 | $0 |
| ANNIE PERIZZOLO | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| JOHN PIKE | BOARD MEMBER (THRU 12/4/24) Trustee or director | 0.5 | $0 | $0 |
| BRIAN ROSSBERT | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 |
| MARY STEGNER | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 |
990 for the year ended December 31, 2023: 22 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| SEAN DOHERTY | CHIEF EXECUTIVE OFFICER Officer | 40 | $200,780 | $26,294 |
| MEGAN FERGUSON | DEPUTY CHIEF EXECUTIVE OFFICER Key employee | 40 | $181,966 | $19,706 |
| GINA WINTERHALDER | FINANCE MANAGER Highest-paid employee | 40 | $130,462 | $18,279 |
| ERICA MADISON | CHIEF LENDING OFFICER Highest-paid employee | 40 | $132,375 | $15,275 |
| AARON FERGUSON | CONSTRUCTION MANAGER Highest-paid employee | 40 | $108,130 | $8,369 |
| CONNIE EALEY | CHIEF COMPLIANCE OFFICER Highest-paid employee | 40 | $108,721 | $3,898 |
| RACHEL TWEEDY | CHIEF OPERATING OFFICER Highest-paid employee | 40 | $101,068 | $7,637 |
| BECKY CHRISTOFFERSEN | PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| JAVONNI BUTLER | VICE PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| RANDY ILICH | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| MICAH HALVERSON | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| MARK OCONNOR | PAST PRESIDENT Trustee or director | 0.5 | $0 | $0 |
| KRISTI BUDISH | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 |
| KRISTIN CANDELLA | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 |
| RENEE GALLEGOS | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 |
| DAN KUSEL | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 |
| ANNIE PERIZZOLO | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 |
| JOHN PIKE | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 |
| BRIAN ROSSBERT | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 |
| MARY STEGNER | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 |
| BETH TRUBY | BOARD MEMBER LEFT 9/23 Trustee or director | 0.5 | $0 | $0 |
| STEPHEN WESSLER | BOARD MEMBER LEFT 7/23 Trustee or director | 0.5 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 200 E 7TH ST STE 412, LOVELAND, CO 80537-4871
- Principal officer (990 for 2025)
- MEGAN FERGUSON, 200 E 7TH STREET 412, LOVELAND, CO 805374871
- Signed the 990
- MEGAN FERGUSON, CEO
- Phone
- (970) 494-2021
- Website
- WWW.IMPACTDF.ORG
- Return prepared by
- ARMANINO ADVISORY LLC
Mission
IMPACT DEVELOPMENT FUND CREATES ECONOMIC OPPORTUNITY BY DELIVERING FLEXIBLE CAPITAL TO STRENGTHEN UNDER-SERVED COMMUNITIES.
Program accomplishments
- IMPACT DEVELOPMENT FUND PROVIDES EARLY STAGE, SHORT-TERM LOANS TO AFFORDABLE HOUSING, NON-PROFIT COMMUNITY FACILITIES, AND NEIGHBORHOOD REVITALIZATION PROJECT DEVELOPERS THROUGHOUT AN EXPANDING REGION.Expenses $10,828,523 · grants $900,000 · revenue $8,357,635
- IMPACT DEVELOPMENT FUND PROVIDES TECHNICAL ASSISTANCE TO NON-PROFIT AFFORDABLE HOUSING AND COMMUNITY SERVICE ORGANIZATIONS PLANNING TO RENOVATE, ACQUIRE, BUILD AND/OR EXPAND REAL ESTATE. THE TECHNICAL ASSISTANCE IS PROVIDED THROUGH WORKSHOPS AND ONE-ON-ONE CONSULTATION.Expenses $1,003,802 · revenue $411,190
- IN MAY 2021, THE FUND ESTABLISHED IMPACT DEVELOPMENT BUILDERS, LLC ("IDB") AS A COLORADO LIMITED LIABILITY COMPANY. THE PURPOSE OF IDB IS TO PROVIDE, ON A FEE OR OTHER BASIS, CONSTRUCTION, REPAIR, MAINTENANCE, AND SIMILAR CONSTRUCTION SERVICES TO CLIENTS AND NON-PROFIT PARTNERS IN THE AFFORDABLE HOUSING COMMUNITY, INCLUDING AQUIRING AND REHABILITATION OF DISTRESSED HOUSING UNITS AND CONSTRUCTION OF NEW DEVELOPMENT FOR SALE TO LOW AND MODERATE INCOME RESIDENTS.Expenses $1,807,653 · revenue $2,098,799
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 | 990 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
- 84-1505466
- 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
- 1999
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L120)
- Assets (IRS master file)
- $194,003,825
- Income (IRS master file)
- $46,471,972
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $46,471,972 | $14,991,383 | $194,003,825 | XML |
| 990 | December 2024 | $35,219,885 | $10,869,545 | $152,478,404 | XML |
| 990 | December 2023 | $13,003,579 | $7,133,076 | $126,217,919 | XML |
| 990 | December 2022 | $5,955,090 | $4,118,790 | $115,033,331 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 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.
Questions about IMPACT DEVELOPMENT FUND
- What is the EIN of IMPACT DEVELOPMENT FUND?
- The employer identification number (EIN) of IMPACT DEVELOPMENT FUND is 84-1505466.
- Is IMPACT DEVELOPMENT FUND tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1999.
- Are donations to IMPACT DEVELOPMENT FUND tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does IMPACT DEVELOPMENT FUND 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 IMPACT DEVELOPMENT FUND 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 IMPACT DEVELOPMENT FUND 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 IMPACT DEVELOPMENT FUND?
- The 990 for the year ended December 31, 2025 names MEGAN FERGUSON.
- Who are the officers and directors of IMPACT DEVELOPMENT FUND?
- The 990 for the year ended December 31, 2025 lists 21 people; 9 received compensation from the organization, the highest $294,987 (MEGAN FERGUSON, CEO).
- How much revenue does IMPACT DEVELOPMENT FUND have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $46,471,972, expenses of $14,991,383 and total assets of $194,003,825 at year end.
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