Raza Development Fund INC
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Provides financing solutions and capital loans to expand affordable housing, education, and healthcare opportunities for Latino and low-income families. For fiscal year 2024 it reported $25.7M in revenue, $23.6M in expenses, and $112.3M in net assets.Pt I
Summary of the Filing
Where the work happens
Loan Fund Programs
Lending programs to assist low income communities by increasing access to capital. Loans approved 36.
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Identity & Classification
Governance & Policies
Officers, Directors & Key Employees
Mary Ann Donovan’s $527K as President & CEO is at the 80th 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 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Tom Espinoza | — | $1,133,088 | $508,291 | $432,730 | $493,983 |
| Mary Ann Donovan | $526,911 | $167,375 | — | — | — |
| Rodrigo Vela | $381,866 | $372,230 | $294,322 | $266,448 | $253,887 |
| Melissa McDonald | $327,428 | $324,974 | $282,920 | $236,483 | $191,787 |
| David Clower | $318,489 | $321,812 | $278,961 | $264,546 | $243,376 |
| Mark Van Brunt | — | — | $140,625 | $241,669 | $299,230 |
| Adrian Ruiz | $227,493 | $189,935 | $159,686 | $136,645 | $124,325 |
| Antonio Lopez | $227,229 | $195,867 | $165,888 | $136,810 | $117,997 |
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 | 84% | — | — |
| Overhead ratio | 16% | — | — |
| Fundraising cost ratio | 11% | — | — |
| Revenue growth | -2% | — | — |
| Legal fee ratio | 4% | — | — |
| Accounting fee ratio | 1% | — | — |
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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