Nonprofit · EIN 85-0681665
CATALYST IMPACT FUND INC
Tax-exempt · SAN DIEGO, CA 92101
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $7,572,568 | $11,525,000 | -$3,952,432 | $89,938,582 | $95,274,732 | -$5,336,150 |
| June 30, 2024 | 990 | $3,024,576 | $4,406,512 | -$1,381,936 | $92,977,869 | $94,361,587 | -$1,383,718 |
| December 31, 2023 | 990-EZ | $5,097 | $71,933 | -$66,836 | $18,725 | $20,507 | -$1,782 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $833,138
- Program service revenue
- $6,260,820
- Investment income
- $478,610
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $331,958
- Salaries, compensation and benefits (total)
- $391,584
- Professional fundraising fees
- $0
- Legal fees
- $64,562
- Accounting fees
- $24,920
- Depreciation
- $2,534,302
- Program services (functional)
- $11,371,790
- Management and general (functional)
- $153,210
Balance sheet and other
- Total assets, start of year
- $92,977,869
- Total assets, end of year
- $89,938,582
- Total liabilities, end of year
- $95,274,732
- Net assets, end of year
- -$5,336,150
- Land, buildings and equipment
- $77,821,872
- Net assets without donor restrictions
- -$5,990,360
- Net assets with donor restrictions
- $654,210
- Gross unrelated business income
- $653,207
- Gross receipts
- $7,572,568
- Employees
- 0
- Volunteers
- 6
- Year formed
- 2020
- State of legal domicile
- CA
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 June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ANNIE KOO | PRESIDENT Trustee or director, Officer | 3 | $0 |
| STEVE LEFKOVITS | TREASURER Trustee or director, Officer | 1 | $0 |
| LINDA ASSANTE | SECRETARY Trustee or director, Officer | 1 | $0 |
| NINA TRAN | DIRECTOR Trustee or director | 1 | $0 |
| CHRIS TOKARSKI | DIRECTOR Trustee or director | 1 | $0 |
| MISSY NARULA | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended June 30, 2024: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Steve Lefkovits | Treasurer Trustee or director, Officer | 2 | $0 |
| Linda Assante | Secretary Trustee or director, Officer | 2 | $0 |
| Annie Koo | President Trustee or director, Officer | 5 | $0 |
| Nina Tran | Director Trustee or director | 1 | $0 |
| Chris Tokarski | Director Trustee or director | 1 | $0 |
| Missy Narula | Director Trustee or director | 1 | $0 |
990-EZ for the year ended December 31, 2023: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Jordan Moss-Term end 09-23 | President | 3 | $0 |
| Steve Lefkovits | Treasurer | 2 | $0 |
| Linda Assante | Secretary | 2 | $0 |
| Annie Koo-term beg 09-23 | President | 5 | $0 |
| Nina Tran-Term Beg 10-23 | Director | 1 | $0 |
| Chris Tokarski-Term Beg 10-23 | Director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 501 W BROADWAY STE 1540, SAN DIEGO, CA 92101-3770
- Principal officer (990 for 2024)
- ANNIE KOO, 501 W BROADWAY 1540, SAN DIEGO, CA 921013770
- Signed the 990
- ANNIE KOO, PRESIDENT
- Phone
- (956) 648-5957
- Return prepared by
- BAKER TILLY ADVISORY GROUP LP
Mission
THE CATALYST IMPACT FUND'S PURPOSE IS TO DEVELOP AND FACILITATE INNOVATIVE SOLUTIONS, PROGRAMS, AND OPPORTUNITIES TO ADDRESS HOUSING AND OTHER SOCIOECONOMIC CONCERNS FOR AMERICA'S ESSENTIAL WORKFORCE.
Program accomplishments
- AFFORDABLE HOUSING: ON JANUARY 31, 2024, THE ORGANIZATION ACQUIRED A MULTIFAMILY RENTAL HOUSING DEVELOPMENT LOCATED IN SAN JOSE, CALIFORNIA. THE 6-STORY PROPERTY INCLUDES 168 RESIDENTIAL UNITS AND 18,151 SQUARE FEET OF COMMERCIAL SPACE. PURSUANT TO A REGULATORY AGREEMENT, THE ORGANIZATION IS COMMITTING AT LEAST 20% OF RESIDENTIAL UNITS FOR VERY LOW INCOME TENANTS (AT OR BELOW 50% OF AREA MEDIAN INCOME) AND AT LEAST 75% OF UNITS FOR LOW INCOME TENANTS (AT OR BELOW 80% OF AREA MEDIAN INCOME). RENTS FOR THESE UNITS ARE SET AT AFFORDABLE RATES IN COMPLIANCE WITH FEDERAL AND LOCAL HOUSING STANDARDS. THE PROPERTY INCLUDES 4 COMMERCIAL TENANTS THAT PRE-DATE THE ORGANIZATION'S ACQUISITION. WHILE THESE COMMERCIAL LEASES GENERATE UNRELATED DEBT-FINANCED INCOME, THESE ACTIVITIES REMAIN ANCILLARY TO THE ORGANIZATION'S PRIMARY AFFORDABLE HOUSING MISSION.Expenses $11,001,918 · revenue $5,607,613
- FISCAL SPONSORSHIP: THE ORGANIZATION SERVES AS FISCAL SPONSOR TO JDL STRATEGIES, LLC, SUPPORTING ITS CHARITABLE PROJECT TO ASSESS LAND BANKING AS A SOLUTION FOR COMMUNITY-CENTERED AFFORDABLE HOUSING PRODUCTION AND PRESERVATION IN MARIN COUNTY, CALIFORNIA. AS FISCAL SPONSOR, THE ORGANIZATION RECEIVES AND ADMINISTERS CHARITABLE CONTRIBUTIONS AND GRANTS FOR THE PROJECT, ENSURING PROPER OVERSIGHT AND DISBURSEMENT OF FUNDS FOR PROJECT-RELATED EXPENSES.Expenses $369,872
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 June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 85-0681665
- 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
- 2021
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L82)
- Assets (IRS master file)
- $89,938,582
- Income (IRS master file)
- $7,572,568
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | – | – | – | IRS |
| 990-T | June 2025 | – | – | – | IRS |
| 990 | June 2024 | – | – | – | IRS |
| 990-EZ | December 2023 | $5,097 | $71,933 | $18,725 | IRS |
| 990-EZ | December 2022 | – | – | – | IRS |
| 990-EZ | December 2021 | – | – | – | IRS |
| 990-EZ | December 2020 | – | – | – | 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 CATALYST IMPACT FUND INC
- What is the EIN of CATALYST IMPACT FUND INC?
- The employer identification number (EIN) of CATALYST IMPACT FUND INC is 85-0681665.
- Is CATALYST IMPACT FUND INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2021.
- Are donations to CATALYST IMPACT FUND INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does CATALYST IMPACT 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 CATALYST IMPACT FUND INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did CATALYST IMPACT FUND INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of CATALYST IMPACT FUND INC?
- The 990 for the year ended June 30, 2025 names ANNIE KOO.
- Who are the officers and directors of CATALYST IMPACT FUND INC?
- The 990 for the year ended June 30, 2025 lists 6 people; 0 received compensation from the organization.
- How much revenue does CATALYST IMPACT FUND INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $7,572,568, expenses of $11,525,000 and total assets of $89,938,582 at year end.
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