Ascendus INC
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Empowers low-to-moderate income business owners with capital and financial education to build assets and create jobs. For fiscal year 2025 it reported $14.8M in revenue, $13.2M in expenses, and $16.0M in net assets.Pt I
Summary of the Filing
Where the work happens
Ascendus has two primary programs, the largest of which is the provision of business loans and development services to entrepreneurs. We serve low-to moderate-income and underserved entrepreneurs who lack access to mainstream credit sources.
In the second program, ascendus participates in partnership programs where loans are originated and portions are sold to the partner organization. This program provides both a liqudity and risk mitigation allowing ascendus to make more loans serving more clients than it would without these programs.
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Identity & Classification
Governance & Policies
Officers, Directors & Key Employees
Paul Quintero’s $372K as CEO is at the 65th percentile of top reported officer pay among 572 $10–100M community development nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 8 named individuals · Part VII
| Name | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Paul Quintero | $371,626 | $388,360 | $438,111 | $387,981 | $361,266 | $290,800 |
| Ana Hammock | $247,000 | $232,273 | $241,866 | $185,053 | — | — |
| Joshua Brackett | $187,520 | $192,403 | $146,666 | — | — | — |
| Jennifer Spaziano | $157,170 | $162,273 | $181,352 | $142,439 | $143,893 | — |
| Ana I Hammock | — | — | — | — | $180,020 | $159,961 |
| Andrea Ierace | $161,072 | $165,131 | $176,998 | $133,171 | — | — |
| Fabiana a Estrada | $144,130 | $148,397 | $171,609 | $149,979 | $137,521 | $114,042 |
| Victoria N Richardson | $157,429 | $159,421 | $171,035 | $137,420 | $141,086 | $110,296 |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
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Statement of Revenue
Statement of Functional Expenses
Balance Sheet
Financial Metrics
Same NTEE category, revenue band, and state where available. Descriptive — not a grade.
| Metric | This org | Peer median | Percentile |
|---|---|---|---|
| Program ratio | 80% | — | — |
| Overhead ratio | 14% | — | — |
| Fundraising cost ratio | 10% | — | — |
| Revenue growth | 21% | — | — |
Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.
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Filings & Schedule Manifest
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