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.
87¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2020 · 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
87%
of spending
Looks good: 87% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
27 mo
of spending, in cash
Plus $751.7M in investments, Pt X · Ln 11–13
Looks good: 26.8 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
$565.5M
50% of total assets
Looks good: liabilities are 50% of assets; 50% or less.
Pt X · Ln 26
Independent board members
9
of 10 voting members
Looks good: 9 of 10 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$104.5M
Spent
$70.0M
To programs
87%
Net assets
$571.1M
By yearFY2020–FY2024
Revenue
$104.5M
FY2020
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
$70.0M
FY2020
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
$571.1M
FY2020
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 FY2020 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

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

87 cents of each dollar spent went to programs.

Program services 87% · $60.6M Management & general 13% · $9.4M

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

12 people listed on the 990.

Part VII, Section A · reportable compensation
Treasurersecretary
$0Pt VII · Sec A
Ceodirector
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$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 · $60.6M · in their own filed words · FY2020
01

Facilitation of a secondary market at reasonable rates on a substainable basis for home mortgages made to low-income and minority buyers who live in distressed communities to make homeownership more widely available to these families.Total beneficiaries = approximately 28,674

$26.5Mprogram expense
02

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…

$22.4Mprogram expense
03

Charitable loans and investments to community development projects employing low-income, minority and unemployed persons; to projects in low-income,minority, rural and distressed communities; and to charitable organizations.Total beneficiaries = approximately 7,048

$11.7Mprogram 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 FY2020 990, line by line.

1The main four
Money inPt VIII
$104.5M
Ln 12
Gifts and grantsLn 1h$52.7M
Fees for servicesLn 2g$50.8M
Other incomeLn 4–11$952K
Money outPt IX
$70.0M
Ln 25
Programscol B$60.6M
Managementcol C$9.4M
Owns and owesPt X
$571.1M
net assets · Ln 32
Cash and savingsLn 1–2$156.6M
Total assetsLn 16$1.1B
LiabilitiesLn 26$565.5M
PeoplePt VI, VII
12
listed · VII A
PaidVII A0
Voting boardVI 1a10
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$52.7M
Government grantsLn 1e$200K
Noncash giftsLn 1g$5.1M
Fees for servicesLn 2g$50.8M
Investment incomeLn 3$62K
Other incomeLn 4–11$952K
Gains on assetsLn 7$62K
Total revenueLn 12$104.5M
Assets in detailPt X, end of year
CashLn 1$1.2M
SavingsLn 2$155.3M
Cash and savings togetherLn 1–2$156.6M
InvestmentsLn 11–13$751.7M
Land, buildings, equipmentLn 10c$189.2M
Other assetsLn 15$13.7M
Total assetsLn 16$1.1B
LiabilitiesLn 26$565.5M
Net assetsLn 32$571.1M
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 FY20End FY20
Cash and savingsLn 1–2$102.4M$156.6M
InvestmentsLn 11–13$639.1M$751.7M
Land, buildings, equipmentLn 10c$197.4M$189.2M
Total assetsLn 16$990.0M$1.14B
LiabilitiesLn 26$469.7M$565.5M
Net assetsLn 32$520.4M$571.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Legal feesLn 11b$21K$21K
Accounting feesLn 11c$323K$323K
Advertising and promotionLn 12$268K$6K$262K
Office expensesLn 13$306K$9K$297K
Information technologyLn 14$1.7M$202K$1.5M
OccupancyLn 16$1.1M$1.1M$26K
TravelLn 17$100K$28K$71K
Conferences, conventions and meetingsLn 19$132K$35K$97K
InterestLn 20$12.0M$12.0M
Payments to affiliatesLn 21$181K$58K$122K
Depreciation, depletion and amortizationLn 22$7.6M$7.6M
InsuranceLn 23$52K$52K
Other expenses (24a–d)Ln 24$43.1M$36.8M$6.3M
All other expensesLn 24e$3.1M$2.6M$468K
Total functional expensesLn 25$70.0M$60.6M$9.4M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $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 Viewing $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 FY2020 990 (6 parts)
Part I · Summary $104,499,213 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $10,175,438$52,685,809
I-9 Program service revenuePrior year $57,903,955$50,800,189
I-10 Investment incomePrior year $1,292,522$61,615
I-11 Other revenuePrior year $2,065,017$951,600
I-12 Total revenuePrior year $71,436,932$104,499,213
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 $46,989,160$70,010,828
I-18 Total expensesPrior year $46,989,160$70,010,828
I-19 Revenue less expensesPrior year $24,447,772$34,488,385
Part VI · Governance 9 of 10 board members independent, no flags
VI-1a Voting members of the governing body10
VI-1b Independent voting members9
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 $104,499,213 across 10 lines filed
VIII-1d Related organizations$369,709
VIII-1e Government grants$200,000
VIII-1f All other contributions, gifts and grants$52,116,100
VIII-1g Noncash contributions (included above)$5,078,100
VIII-1h Total contributions, gifts and grants$52,685,809
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $50,800,189$50,800,189
VIII-6 Net rental income or lossExcluded from tax $1,597,361$1,597,361
VIII-7 Net gain or loss on sales of assetsRelated to mission $61,615$61,615
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax −$645,761−$645,761
VIII-12 Total revenueRelated to mission $50,861,804 · Unrelated business $0 · Excluded from tax $951,600$104,499,213
Part IX · Statement of functional expenses $70,010,828 across 14 lines filed
IX-11b Legal feesManagement $21,356$21,356
IX-11c Accounting feesManagement $322,723$322,723
IX-12 Advertising and promotionPrograms $6,370 · Management $261,606$267,976
IX-13 Office expensesPrograms $8,544 · Management $297,196$305,740
IX-14 Information technologyPrograms $202,142 · Management $1,455,947$1,658,089
IX-16 OccupancyPrograms $1,108,800 · Management $26,498$1,135,298
IX-17 TravelPrograms $28,324 · Management $71,448$99,772
IX-19 Conferences, conventions and meetingsPrograms $34,771 · Management $97,055$131,826
IX-20 InterestPrograms $12,038,212$12,038,212
IX-21 Payments to affiliatesPrograms $58,500 · Management $122,092$180,592
IX-22 Depreciation, depletion and amortizationPrograms $7,618,858$7,618,858
IX-23 InsurancePrograms $52,267$52,267
IX-24 Other expenses (24a–d)Programs $36,819,616 · Management $6,280,964$43,100,580
IX-24e All other expensesPrograms $2,609,336 · Management $468,203$3,077,539
IX-25 Total functional expensesPrograms $60,585,740 · Management $9,425,088 · Fundraising $0$70,010,828
Part X · Balance sheet $1,136,545,488 assets, 16 lines filed
X-1 Cash, non-interest-bearingStart of year $1,246,852$1,246,852
X-2 Savings and temporary cash investmentsStart of year $101,183,636$155,344,391
X-4 Accounts receivableStart of year $28,315,995$25,352,774
X-10c Land, buildings and equipment, netStart of year $197,436,151$189,202,600
X-11 Publicly traded securitiesStart of year $281,295,759$310,350,023
X-13 Program-related investmentsStart of year $357,778,710$441,337,225
X-15 Other assetsStart of year $22,787,811$13,711,623
X-16 Total assetsStart of year $990,044,914$1,136,545,488
X-17 Accounts payable and accrued expensesStart of year $13,356,878$9,518,955
X-24 Unsecured notes and loans payableStart of year $243,315,720$198,860,406
X-25 Other liabilitiesStart of year $17,479,276$37,273,289
X-26 Total liabilitiesStart of year $469,686,101$565,477,716
X-27 Net assets without donor restrictionsStart of year $502,919,444$552,113,181
X-28 Net assets with donor restrictionsStart of year $17,439,369$18,954,591
X-32 Total net assets or fund balancesStart of year $520,358,813$571,067,772
X-33 Total liabilities and net assetsStart of year $990,044,914$1,136,545,488
Part XI · Reconciliation of net assets $571,067,772 net assets at year end
XI-1 Total revenue$104,499,213
XI-2 Total expenses$70,010,828
XI-3 Revenue less expenses$34,488,385
XI-4 Net assets at start of year$520,358,813
XI-9 Other changes in net assets$16,220,574
XI-10 Net assets at end of year$571,067,772

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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