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Filing year 2024

WASHINGTON AREA COMMUNITY INVESTMENT FUND INC

Washington, District of Columbia·EIN 54-1442466·3
Total revenue
$4.1M
Total assets
$12.1M
Total expenses
$6.4M
Reported officers
26
Mission

THE WASHINGTON AREA COMMUNITY INVESTMENT FUND (WACIF) IS A NONPROFIT COMMUNITY LOAN FUND FOCUSED ON INCREASING EQUITY AND ECONOMIC OPPORTUNITY IN THE WASHINGTON, DC AREA'S UNDERSERVED COMMUNITIES. WACIF'S MISSION IS DRIVEN IS DRIVEN BY THREE STRATEGIC PILLARS: INCLUSIVE ENTREPRENEURSHIP, COMMUNITY WEALTH BUILDING, AND EQUITABLE ECONOMIC OPPORTUNITY, AND IS FULFILLED BY PROVIDING ACCESS TO CAPITAL PRODUCTS AND SERVICES, AND CAPACITY BUILDING ADVISORY SERVICES TO LOW- AND MODERATE-INCOME ENTREPRENEURS.

Executive compensation, broken down

Form 990 · Schedule J · 8 reported individuals · Filing year 2024

Chief Executive Officer
$233k
$248k
Base
$195k
Bonus
$15k
Other
Benefits
$14k
Chief Development Officer
$191k
$203k
Base
$162k
Bonus
$20k
Other
Benefits
$8k
Chief Programs Officer
officer (unspecified)
$188k
$200k
Base
$168k
Bonus
Other
Benefits
$11k
Chief Lending Officer Until 10/16/24
highest compensated employee
$187k
$199k
Base
$153k
Bonus
Other
Benefits
$28k
Aac General Director
highest compensated employee
$162k
$172k
Base
$147k
Bonus
Other
Benefits
$7k
Director of Finance Until 12/06/2024
$159k
$169k
Base
$143k
Bonus
Other
Benefits
$10k
Senior Human Capital Director
highest compensated employee
$157k
$167k
Base
$143k
Bonus
Other
Benefits
$7k
Cfoo & Co-interim CEO Until 5/3/24
$95k
$101k

Teal figures restate each filed amount in 2026 dollars.

Estimated with Washington-Arlington-Alexandria, DC-VA-MD-WV metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 18 unpaid individuals.

Up 22%
from 2023

From $191k in 2023 to $233k in 2024.

$191k
2023
$233k
2024
In today's dollarsEst.
Up 18% in real terms$210k to $248k

Estimated with Washington-Arlington-Alexandria, DC-VA-MD-WV metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

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

Revenue and expenses over time

WASHINGTON AREA COMMUNITY INVESTMENT FUND INC reported revenue and expenses across 2 filing years.

RevenueExpenses
$7.6M
$10.8M
2023
$4.1M
$6.4M
2024
Total revenue and total expenses from IRS Form 990 filings.
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