RAZA DEVELOPMENT FUND INC

RAZA DEVELOPMENT FUND INC

Phoenix, AZ, US
501(c)(3)
EIN
52-1954196

RAZA DEVELOPMENT FUND INC

Phoenix, AZ, US
501(c)(3)
EIN
52-1954196

Overview

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Est.

1996

Fiscal Year Start

Oct 1

Organization Type

Grantseeker
AI Summary
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RAZA Development Fund Inc. (EIN: 52-1954196) is a mission-driven Community Development Financial Institution (CDFI) founded in 1999, dedicated to fostering lasting prosperity in communities across America through responsible financial solutions in education, entrepreneurship, and health. With an operating budget of $22.4 million and total revenue of $25.7 million, RDF has invested over $1.6 billion across 38 states, leveraging more than $7 billion in additional capital, while maintaining a prestigious AA- rating from S&P. The organization does not rely on a single funder for 50% or more of its revenue, ensuring a diverse funding base to support its impactful initiatives. For more information, visit www.razafund.org.

Mission Statement

RDF IS A MISSION DRIVEN COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION (CDFI) DEDICATED TO UNLOCKING LASTING PROSPERITY IN COMMUNITIES ACROSS AMERICA. SINCE ITS FOUNDING IN 1999, RDF HAS PROVIDED RESPONSIBLE, ATTAINABLE FINANCIAL SOLUTIONS TO COMMUNITY-BASED ORGANIZATIONS WORKING IN HEALTH, EDUCATION, AFFORDABLE HOUSING, HOMEOWNERSHIP, ENTREPRENEURSHIP, AND COMMUNITY RESILIENCE. RDF IS ONE OF THE FEW CDFIS TO HOLD A PRESTIGIOUS AA- RATING FROM S&P, A REFLECTION OF ITS EXCEPTIONAL FINANCIAL STRENGTH AND IMPACT. TO DATE, RDF HAS INVESTED MORE THAN $1.6 BILLION ACROSS 38 STATES, LEVERAGING OVER $7 BILLION IN ADDITIONAL CAPITAL.
Revenues

$25.7M

Expenses

$23.6M

Net Income:
+$2M
Assets

$363.1M

Liabilities

$250.8M

Net Assets:
+$112.3M
Operating Budget

$22.4M

Operating Budget by Year

Due Diligence

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Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Eligible for tax-deductible gifts
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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Total No. of Grants

4

Median grant size
$57.5K
Largest grant received
$159.2K
M
Mary Ann Donovan
Board Member
J
Janet Murguia
Board Member
A
Aaron Dominguez
Board Member

Frequently Asked Questions

What is RAZA DEVELOPMENT FUND INC’s budget?
In 2024, RAZA DEVELOPMENT FUND INC reported an annual operating budget of around $22.4 million. More detailed financial information is available to registered users.
What causes does RAZA DEVELOPMENT FUND INC support?
RAZA DEVELOPMENT FUND INC supports work in Education, Health, and Entrepreneurship.
Where does RAZA DEVELOPMENT FUND INC operate?
RAZA DEVELOPMENT FUND INC is headquartered in Phoenix, AZ.
Who funded RAZA DEVELOPMENT FUND INC recently?
In 2025, RAZA DEVELOPMENT FUND INC received grants from Virginia G Piper Charitable Trust, GREAT RIVERS COMMUNITY TRUST, and CITI FOUNDATION. More information on this organization’s funders is available to registered users.
What is the largest grant RAZA DEVELOPMENT FUND INC received in 2024?
The largest grant to RAZA DEVELOPMENT FUND INC in 2024 exceeds $159 thousand.
What is RAZA DEVELOPMENT FUND INC’s reliance on government grants?
RAZA DEVELOPMENT FUND INC relied on government grants for less than 5% of their total revenue in 2024.
Overview
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