Overview

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Est.

1996

Latest Fiscal Year

Not available

Organization Type

Grantseeker

990s

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2024
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2023
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2022
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AI Summary

RAZA DEVELOPMENT FUND INC is a mission-driven community development financial institution (CDFI) focused on education, entrepreneurship, and health, working to expand responsible financial solutions for community-based organizations across the United States. Founded in 1999, it reports a 2024 operating budget of $22.4M and total revenue of $25.7M, and it has invested more than $1.6 billion across 38 states while leveraging over $7 billion in additional capital. Its largest reported funders include the Bill & Melinda Gates Foundation, JPMorgan Chase Foundation, Wells Fargo Foundation, Citi Foundation, and WK Kellogg Foundation; no single listed funder accounts for 50% or more of total revenue.

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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.

Cause Areas

3
Education
Health
Entrepreneurship
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Financials

2024
Revenues
$25.7M
Expenses
$23.6M
Net Income:
+$2M
Assets
$363.1M
Liabilities
$250.8M
Net Assets:
+$112.3M

Financial Trends

2024
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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Top Funders

Funder
Total Funding
Funding Share
Logo for "BILL & MELINDA GATES FOUNDATION"
BILL & MELINDA GATES FOUNDATION
SEATTLE, WA, US
$7.1M
< 1%
JPMORGAN CHASE FOUNDATION
New York, NY, US
$6M
3%
Wells Fargo Foundation
MINNEAPOLIS, MN, US
$1.5M
< 1%

Grants Received

2024
Total No. of Grants
5
Median grant size
$100K
Largest grant received
$159.2K

Board & Team

M
Mary Ann Donovan
Board Member
J
Janet Murguia
Board Member
A
Aaron Dominguez
Board Member
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  • 14 funders
  • 42 board & team members
  • 11 historic 990s & financials
  • 6-year operating budget trend
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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 CAPITAL ONE FOUNDATION INC. 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.