Self-Help Ventures Funds mission is to create and protect ownership and economic opportunity for all, especially people of color, women, rural residents and low-wealth families and communities.

501(c)(3) charity; gifts are tax-deductible.
75¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $49.3M a year · 48% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
75%
of spending
Looks good: 75% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
440 mo
of spending, in cash
Looks good: 439.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $250K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$2.7B
78% of total assets
Worth a look: liabilities are 78% of assets; over 65%.
Pt X · Ln 26
Independent board members
10
of 11 voting members
Looks good: 10 of 11 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$189.2M
+179% vs prior year
Spent
$68.6M
To programs
75%
Net assets
$755.6M
By yearFY2020–FY2024
Revenue
$189.2M
FY2024▲ +179%
Tap a bar for its year
Revenue by fiscal year
FY2020$104.5M
FY2021$60.5M
FY2022$95.5M
FY2023$67.7M
FY2024$189.2M
Expenses
$68.6M
FY2024▲ +19%
Tap a bar for its year
Expenses by fiscal year
FY2020$70.0M
FY2021$31.5M
FY2022$43.4M
FY2023$57.5M
FY2024$68.6M
Net assets
$755.6M
FY2024▲ +18%
Tap a bar for its year
Net assets by fiscal year
FY2020$571.1M
FY2021$601.0M
FY2022$630.9M
FY2023$641.0M
FY2024$755.6M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in May 1984.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

75 cents of each dollar spent went to programs.

Program services 75% · $51.5M Management & general 25% · $17.1M

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

18 people listed on the 990.

Part VII, Section A · reportable compensation
Manager Transition Exec
$0Pt VII · Sec A
Structured Finance Sector Leader
$0Pt VII · Sec A
SR Commercial Lending Underwriter
$0Pt VII · Sec A
Manager Benefits & Payroll
$0Pt VII · Sec A
Director Special Projects
$0Pt VII · Sec A
Treasurersecretary
$0Pt VII · Sec A
Ceodirector
$0Pt VII · Sec A
$0Pt VII · Sec A
See Self-Help Ventures Fund executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Provides affordable home mortgages and financial services to help low-income families, women, and communities of color build wealth and secure homeownership.

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Provided by the organization

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3 programs · $51.5M · in their own filed words · FY2024
01

Economic development through the renovation of historic buildings, construction of new buildings in distressed communities. Providing quality, affordable retail, community facilities and commercial rental space to revitalize and stabilize distressed communities.Economic development through provision of rental property in distressed and…

$33.8Mprogram expense
02

Loans to and investments in community development projects (a) employing low-income and unemployed persons; (b) in low-income, rural and distressed communities; and (c) involving charitable organizations. Total beneficiaries = approximately 1,652

$13.7Mprogram expense
03

Facilitation of a secondary market at reasonable rates on a substainable basis for home mortgages made to low-income and other traditionally underserved home buyers to make homeownership more widely available to these families. Total beneficiaries = approximately 17,685

$4.0Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2025
Total grants receivedfrom 1 funder$250K

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$189.2M
Ln 12
Gifts and grantsLn 1h$113.6M
Fees for servicesLn 2g$63.4M
Investment incomeLn 3$11.8M
Money outPt IX
$68.6M
Ln 25
Programscol B$51.5M
Managementcol C$17.1M
Owns and owesPt X
$755.6M
net assets · Ln 32
Cash and savingsLn 1–2$2.5B
Total assetsLn 16$3.4B
LiabilitiesLn 26$2.7B
PeoplePt VI, VII
18
listed · VII A
PaidVII A0
Voting boardVI 1a11
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$113.6M
Government grantsLn 1e$200K
Noncash giftsLn 1g$44.5M
Fees for servicesLn 2g$63.4M
Investment incomeLn 3$11.8M
Other incomeLn 4–11$370K
Gains on assetsLn 7−$1K
Total revenueLn 12$189.2M
Assets in detailPt X, end of year
SavingsLn 2$2.51B
Cash and savings togetherLn 1–2$2.5B
InvestmentsLn 11–13$627.5M
Land, buildings, equipmentLn 10c$238.6M
Other assetsLn 15$15.5M
Total assetsLn 16$3.4B
LiabilitiesLn 26$2.7B
Net assetsLn 32$755.6M
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$160.3M$2.51B
InvestmentsLn 11–13$583.1M$627.5M
Land, buildings, equipmentLn 10c$227.1M$238.6M
Total assetsLn 16$1.03B$3.45B
LiabilitiesLn 26$391.9M$2.69B
Net assetsLn 32$641.0M$755.6M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Legal feesLn 11b$152K$152K
Accounting feesLn 11c$121K$121K
Advertising and promotionLn 12$706K$706K
Office expensesLn 13$201K$6K$195K
Information technologyLn 14$1.8M$34K$1.8M
OccupancyLn 16$1.1M$999K$82K
TravelLn 17$972K$187K$785K
Conferences, conventions and meetingsLn 19$44K$20K$24K
InterestLn 20$16.6M$16.6M
Payments to affiliatesLn 21$1.1M$1.1M
Depreciation, depletion and amortizationLn 22$8.4M$8.4M
InsuranceLn 23$35K$35K
Other expenses (24a–d)Ln 24$34.0M$23.3M$10.7M
All other expensesLn 24e$3.4M$1.9M$1.5M
Total functional expensesLn 25$68.6M$51.5M$17.1M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $189.2M$68.6M$120.6M$755.6M 990 PDF
FY2023 $67.7M$57.5M$10.2M$641.0M 990 PDF
FY2022 $95.5M$43.4M$52.1M$630.9M 990 PDF
FY2021 $60.5M$31.5M$29.1M$601.0M 990 PDF
FY2020 $104.5M$70.0M$34.5M$571.1M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support M · Noncash O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $189,217,541 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,975,299$113,641,956
I-9 Program service revenuePrior year $58,452,626$63,403,106
I-10 Investment incomePrior year $6,677,188$11,802,563
I-11 Other revenuePrior year $625,972$369,916
I-12 Total revenuePrior year $67,731,085$189,217,541
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $57,501,791$68,586,121
I-18 Total expensesPrior year $57,501,791$68,586,121
I-19 Revenue less expensesPrior year $10,229,294$120,631,420
Part VI · Governance 10 of 11 board members independent, no flags
VI-1a Voting members of the governing body11
VI-1b Independent voting members10
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $189,217,541 across 11 lines filed
VIII-1d Related organizations$781,484
VIII-1e Government grants$200,000
VIII-1f All other contributions, gifts and grants$112,660,472
VIII-1g Noncash contributions (included above)$44,535,001
VIII-1h Total contributions, gifts and grants$113,641,956
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $63,403,106$63,403,106
VIII-3 Investment incomeExcluded from tax $11,803,967$11,803,967
VIII-6 Net rental income or lossExcluded from tax $369,916$369,916
VIII-7 Net gain or loss on sales of assetsRelated to mission −$1,404−$1,404
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $63,401,702 · Unrelated business $0 · Excluded from tax $12,173,883$189,217,541
Part IX · Statement of functional expenses $68,586,121 across 14 lines filed
IX-11b Legal feesManagement $151,796$151,796
IX-11c Accounting feesManagement $121,246$121,246
IX-12 Advertising and promotionManagement $706,339$706,339
IX-13 Office expensesPrograms $6,036 · Management $194,873$200,909
IX-14 Information technologyPrograms $34,198 · Management $1,814,567$1,848,765
IX-16 OccupancyPrograms $998,758 · Management $81,575$1,080,333
IX-17 TravelPrograms $187,130 · Management $784,978$972,108
IX-19 Conferences, conventions and meetingsPrograms $20,112 · Management $23,912$44,024
IX-20 InterestPrograms $16,597,425$16,597,425
IX-21 Payments to affiliatesManagement $1,085,307$1,085,307
IX-22 Depreciation, depletion and amortizationPrograms $8,366,242$8,366,242
IX-23 InsurancePrograms $34,577$34,577
IX-24 Other expenses (24a–d)Programs $23,328,250 · Management $10,661,614$33,989,864
IX-24e All other expensesPrograms $1,879,919 · Management $1,507,267$3,387,186
IX-25 Total functional expensesPrograms $51,452,647 · Management $17,133,474 · Fundraising $0$68,586,121
Part X · Balance sheet $3,447,735,170 assets, 15 lines filed
X-2 Savings and temporary cash investmentsStart of year $160,288,792$2,513,979,783
X-4 Accounts receivableStart of year $43,775,423$52,125,650
X-10c Land, buildings and equipment, netStart of year $227,072,950$238,613,657
X-11 Publicly traded securitiesStart of year $142,428,200$123,352,288
X-13 Program-related investmentsStart of year $440,702,692$504,159,765
X-15 Other assetsStart of year $18,662,003$15,504,027
X-16 Total assetsStart of year $1,032,930,060$3,447,735,170
X-17 Accounts payable and accrued expensesStart of year $11,997,283$2,266,599,830
X-24 Unsecured notes and loans payableStart of year $182,086,610$207,622,465
X-25 Other liabilitiesStart of year $12,798,550$10,680,681
X-26 Total liabilitiesStart of year $391,922,186$2,692,140,282
X-27 Net assets without donor restrictionsStart of year $594,825,466$666,090,352
X-28 Net assets with donor restrictionsStart of year $46,182,408$89,504,536
X-32 Total net assets or fund balancesStart of year $641,007,874$755,594,888
X-33 Total liabilities and net assetsStart of year $1,032,930,060$3,447,735,170
Part XI · Reconciliation of net assets $755,594,888 net assets at year end
XI-1 Total revenue$189,217,541
XI-2 Total expenses$68,586,121
XI-3 Revenue less expenses$120,631,420
XI-4 Net assets at start of year$641,007,874
XI-9 Other changes in net assets−$6,044,406
XI-10 Net assets at end of year$755,594,888

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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