Impact Development Fund
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Offers loans to build affordable homes and nonprofit community spaces. For fiscal year 2024 it reported $35.2M in revenue, $10.9M in expenses, and $47.6M in net assets.Pt I
Summary of the Filing
Where the work happens
Impact development fund provides early stage, short-term loans to affordable housing, non-profit community facilities, and neighborhood revitalization project developers throughout an expanding region.
Impact development fund provides technical assistance to non-profit affordable housing and community service organizations planning to renovate, acquire, build AND/OR expand real estate. The technical assistance is provided through workshops and one-on-one consultation.
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Identity & Classification
Governance & Policies
Officers, Directors & Key Employees
Megan Ferguson’s $236K as CEO (as of 07/24) is at the 58th percentile of top reported officer pay among 672 $10–100M housing 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 |
|---|---|---|---|---|---|
| Megan Ferguson | $236,107 | $181,966 | $133,861 | $124,871 | — |
| Sean Doherty | $123,129 | $200,780 | $160,385 | $161,577 | — |
| Erica Madison | $168,071 | $132,375 | — | — | — |
| Gina Winterhalder | $144,974 | $130,462 | — | — | — |
| Sean Doherty | — | — | — | — | $142,943 |
| Aaron Ferguson | $137,157 | $108,130 | — | — | — |
| Connie Ealey | $137,111 | $108,721 | — | — | — |
| Rachel Tweedy | $124,785 | $101,068 | — | — | — |
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 | 87% | — | — |
| Overhead ratio | 11% | — | — |
| Fundraising cost ratio | 1% | — | — |
| Revenue growth | 171% | — | — |
| Legal fee ratio | 0% | — | — |
| Accounting fee ratio | 0% | — | — |
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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Sources
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