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Filing year 2023

COMMUNITY REINVESTMENT FUND INC

Minneapolis, Minnesota·EIN 41-1616861·NTEE S310 · Community Improvement & Capacity Building·501(c)(3)
Total revenue
$35.7M
Total assets
$190M
Total expenses
$32.8M
Reported officers
37
Mission

TO IMPROVE LIVES AND STRENGTHEN COMMUNITIES THROUGH INNOVATIVE FINANCIAL SOLUTIONS.

Executive compensation, broken down

Form 990 · Part VII & Schedule J · 20 reported individuals · Filing year 2023

Percentile bands compare each position's total pay with the same role at Community Improvement & Capacity Building organizations nationwide.

Chief Admin Officer Thru 3/24
Officer (Unspecified)
$497k
$543k
Base
$287k
Bonus
$167k
Other
Benefits
$26k
EVP Chief Impact Officer Thru 6/23
Above 90th percentilevs Community Improvement & Capacity Building peers in Minnesota
$450k
$492k
Base
$215k
Bonus
$200k
Other
Benefits
$19k
CEO & President As of 3/23
Above 90th percentilevs Community Improvement & Capacity Building peers in Minnesota
$308k
$336k
Base
$299k
Bonus
Other
Benefits
$9k
SVP Cdfi Lending Programs
Senior Vice President
Median to 75th percentile
$297k
$324k
Base
$246k
Bonus
Other
$1k
Benefits
$37k
SVP General Counsel
Senior Vice President
Median to 75th percentile
$259k
$283k
Base
$210k
Bonus
Other
$1k
Benefits
$37k
VP of Lending
Board Vice President
75th to 90th percentile
$256k
$280k
Base
$149k
Bonus
$70k
Other
Benefits
$26k
SVP & Chief People Officer
Senior Vice President
Median to 75th percentile
$255k
$279k
Base
$215k
Bonus
Other
Benefits
$37k
SVP & Chief Financial Officer
75th to 90th percentile
$246k
$269k
Base
$220k
Bonus
Other
$408
Benefits
$15k
SVP Platform & Tech Services
Senior Vice President
Median to 75th percentile
$236k
$258k
Base
$212k
Bonus
Other
$501
Benefits
$13k
Senior Director of Edma
Highest Compensated Employee
75th to 90th percentile
$230k
$251k
Base
$185k
Bonus
Other
$906
Benefits
$37k
Principal Architect
Highest Compensated Employee
75th to 90th percentile
$228k
$249k
Base
$182k
Bonus
Other
Benefits
$37k
CEO Thru 7/23
Above 90th percentilevs Community Improvement & Capacity Building peers in Minnesota
$227k
$248k
Base
$210k
Bonus
Other
Benefits
$6k
VP Business Operations
Board Vice President
Median to 75th percentile
$227k
$248k
Base
$183k
Bonus
Other
$138
Benefits
$37k
SVP Chief Credit Officer
Senior Vice President
Median to 75th percentile
$226k
$247k
Base
$179k
Bonus
Other
$701
Benefits
$37k
Senior Associate General Counsel
Highest Compensated Employee
75th to 90th percentile
$223k
$244k
Base
$177k
Bonus
Other
$545
Benefits
$37k
SVP Chief of Staff
Senior Vice President
Median to 75th percentile
$217k
$237k
Base
$170k
Bonus
Other
$934
Benefits
$37k
SVP & COO Thru 6/23
Median to 75th percentile
$196k
$214k
Base
$177k
Bonus
Other
$131
Benefits
$13k
SVP Chief Lend. Officer As of 7/23
Senior Vice President
10th to 25th percentile
$99k
$108k
SVP Small Bus. Lending Thru 2/23
Senior Vice President
10th to 25th percentile
$71k
$78k
SVP Chief Credit Officer Thru 2/23
Senior Vice President
10th to 25th percentile
$47k
$52k

Teal figures restate each filed amount in 2026 dollars.

Estimated with Minneapolis-St.Paul-Bloomington, MN-WI metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 17 unpaid individuals.

Browse compensation in Community Improvement & Capacity Building

Pay in context

Top pay as a share of expenses

In 2023, the highest total compensation at COMMUNITY REINVESTMENT FUND INC equaled 2% of the organization's total expenses. The median for community improvement & capacity building organizations is 14%.

This organization (2023)
2%
Sector median
14%
Middle half of sector
6% to 28%

Based on 10,247 community improvement & capacity building organizations, each measured at its most recent filing year with reported expenses and compensation.

Funded by

Private foundations whose Form 990-PF Part XV grants matched this organization.

Down 32%
from 2022

From $726k in 2022 to $497k in 2023.

$726k
2022
$497k
2023
In today's dollarsEst.
Down 33% in real terms$815k to $543k

Estimated with Minneapolis-St.Paul-Bloomington, MN-WI metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Pay for the position

Chief Executive Officer pay fell 38% from 2022 to 2023, while revenue fell 36%.

$726k in 2022 to $450k in 2023.
  • Senior Vice President pay fell 17% from 2022 to 2023.
  • Board Vice President pay rose 24% from 2022 to 2023.

Pay for the position itself, not any one person. The officeholder may have changed between 2022 and 2023.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.

Among peers

Revenue and top compensation, plotted against similar organizations. This organization is highlighted in cyan.

FAQ

Common questions about COMMUNITY REINVESTMENT FUND INC

What does the Chief Executive Officer of COMMUNITY REINVESTMENT FUND INC earn?

In 2023, the Chief Executive Officer of COMMUNITY REINVESTMENT FUND INC received $450,450 in total compensation. This pay is in the top 10% for Chief Executive Officer roles among Community Improvement & Capacity Building organizations in Minnesota: at least 9 in 10 comparable filings report less. Based on IRS Form 990 data.

How does Chief Executive Officer pay at COMMUNITY REINVESTMENT FUND INC compare with similar nonprofits?

Compared with the same role at Community Improvement & Capacity Building organizations in Minnesota, the 2023 pay of the Chief Executive Officer at COMMUNITY REINVESTMENT FUND INC falls in the top 10%. In 2023, the highest total compensation at COMMUNITY REINVESTMENT FUND INC equaled 2% of the organization's total expenses. The median for community improvement & capacity building organizations is 14%.

What are COMMUNITY REINVESTMENT FUND INC's revenue and expenses?

In 2023, COMMUNITY REINVESTMENT FUND INC reported $35.7M in total revenue and $32.8M in total expenses on its IRS Form 990.

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