Nonprofit · EIN 52-1954196
RAZA DEVELOPMENT FUND INC
Tax-exempt · PHOENIX, AZ 85040
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| September 30, 2025 | 990 | $44,302,420 | $25,986,480 | $18,315,940 | $378,020,114 | $247,438,839 | $130,581,275 |
| September 30, 2024 | 990 | $25,660,512 | $23,615,314 | $2,045,198 | $363,067,878 | $250,802,543 | $112,265,335 |
| September 30, 2023 | 990 | $26,318,340 | $20,725,703 | $5,592,637 | $335,227,129 | $227,395,188 | $107,831,941 |
Financial details: 990 for the year ended September 30, 2025
Revenue
- Contributions, gifts and grants
- $20,622,907
- of which government grants
- $18,430,700
- Program service revenue
- $20,878,208
- Investment income
- $2,692,234
- Other revenue
- $109,071
Expenses
- Grants and similar amounts paid
- $1,265,000
- Compensation of officers, directors and key employees
- $2,327,777
- Other salaries and wages
- $4,314,292
- Salaries, compensation and benefits (total)
- $8,423,127
- Professional fundraising fees
- $0
- Legal fees
- $231,340
- Accounting fees
- $123,190
- Occupancy
- $95,700
- Travel
- $1,135,105
- Depreciation
- $153,961
- Program services (functional)
- $20,904,888
- Management and general (functional)
- $4,924,125
- Fundraising (functional)
- $157,467
Balance sheet and other
- Total assets, start of year
- $363,067,878
- Total assets, end of year
- $378,020,114
- Total liabilities, end of year
- $247,438,839
- Net assets, end of year
- $130,581,275
- Land, buildings and equipment
- $2,834,862
- Net assets without donor restrictions
- $88,379,594
- Net assets with donor restrictions
- $42,201,681
- Gross receipts
- $44,302,420
- Employees
- 45
- Volunteers
- 9
- Year formed
- 1996
- State of legal domicile
- AZ
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended September 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| JANET MURGUIA | BOARD MEMBER Trustee or director | 1 | $0 | $773,603 | $85,986 |
| MARY ANN DONOVAN | PRESIDENT & CEO Trustee or director, Officer | 40 | $457,563 | $0 | $48,713 |
| MELISSA MCDONALD | CHIEF PEOPLE & OPERATING OFFICER Officer | 40 | $302,141 | $0 | $44,234 |
| ANTONIO LOPEZ | CHIEF FINANCIAL OFFICER Officer | 40 | $223,626 | $0 | $50,867 |
| ADRIAN RUIZ | CHIEF INVEST OFFICER (THRU 8/31/25) Officer | 40 | $224,030 | $0 | $49,969 |
| JUAN MADRID | SVP, DEPUTY CFO & CONTROLLER Highest-paid employee | 40 | $204,336 | $0 | $48,165 |
| SCOTT RICHTER | CHIEF CREDIT OFFICER (THRU 9/1/25) Officer | 40 | $207,859 | $0 | $37,062 |
| AMY LAUGHLIN | SVP, DEPUTY CIO, STRUCTURED FINANCE Highest-paid employee | 40 | $181,120 | $0 | $37,791 |
| AMANDA SANCHEZ | SVP OF EDUCATION Highest-paid employee | 40 | $170,370 | $0 | $45,573 |
| AILISA HERRERA | SVP AFFORDABLE HOUSING Highest-paid employee | 40 | $169,378 | $0 | $34,309 |
| PEDRO CHAVES | SVP, DEPUTY CHIEF CREDIT OFFICER Highest-paid employee | 40 | $156,800 | $0 | $33,658 |
| ERIK HARTMAN | CHIEF INFORMATION TECHNOLOGY OFFICER Officer | 40 | $131,399 | $0 | $12,694 |
| DANIEL ORTEGA | BOARD CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| BRENDA LOYA | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| KENNETH I TRUJILLO | SECRETARY Trustee or director, Officer | 1 | $0 | $0 | $0 |
7 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| AARON DOMINGUEZ | BOARD MEMBER Trustee or director | 1 | $0 |
| DONNA GAMBRELL | BOARD MEMBER (THRU 10/31/24) Trustee or director | 1 | $0 |
| J REYMUNDO OCANAS | BOARD MEMBER Trustee or director | 1 | $0 |
| LUIS GRANADOS | BOARD MEMBER Trustee or director | 1 | $0 |
| MARIA S SALINAS | BOARD MEMBER Trustee or director | 1 | $0 |
| MATT REILEIN | BOARD MEMBER (BEG 10/1/24) Trustee or director | 1 | $0 |
| DANIAH IKRAM | CHIEF CREDIT OFFICER (BEG 9/1/25) Officer | 40 | $0 |
990 for the year ended September 30, 2024: 23 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| JANET MURGUIA | BOARD MEMBER Trustee or director | 1 | $0 | $676,570 | $61,119 |
| MARY ANN DONOVAN | PRESIDENT & CEO Trustee or director, Officer | 40 | $526,911 | $0 | $53,814 |
| RODRIGO VELA | FORMER CFO (THRU 6/30/23) Former | 40 | $381,866 | $0 | $56,931 |
| DAVID CLOWER | EVP STRATEGIC INVEST (THRU 2/15/24) Officer | 40 | $318,489 | $0 | $58,878 |
| MELISSA MCDONALD | CHIEF PEOPLE & OPERATIONS OFFICER Officer | 40 | $327,428 | $0 | $47,019 |
| ANTONIO LOPEZ | CHIEF FINANCIAL OFFICER Officer | 40 | $227,229 | $0 | $52,009 |
| ADRIAN RUIZ | CHIEF INVESTMENT OFFICER Officer | 40 | $227,493 | $0 | $51,625 |
| JUAN MADRID | DEPUTY CFO & CONTROLLER Highest-paid employee | 40 | $210,291 | $0 | $50,183 |
| SCOTT RICHTER | CHIEF CREDIT OFFICER Officer | 40 | $213,974 | $0 | $37,717 |
| AMANDA SANCHEZ | VP OF EDUCATION Highest-paid employee | 40 | $182,957 | $0 | $47,937 |
| PEDRO CHAVES | DEPUTY CHIEF CREDIT OFFICER Highest-paid employee | 40 | $164,998 | $0 | $34,107 |
| CATHERINE KES | SR DIRECTOR OF SPECIALTY FINANCE Highest-paid employee | 40 | $150,413 | $0 | $33,632 |
| SIMA THAKKAR | SVP COMMUNITY INNOVATIONS Highest-paid employee | 40 | $150,021 | $0 | $23,178 |
| DANIEL ORTEGA | BOARD CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| BRENDA LOYA | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| KENNETH I TRUJILLO | SECRETARY (BEG 5/17/24) Trustee or director, Officer | 1 | $0 | $0 | $0 |
| JOSEPH F REILLY | SECRETARY (THRU 5/16/24) Trustee or director, Officer | 1 | $0 | $0 | $0 |
| AARON DOMINGUEZ | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| DONNA GAMBRELL | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| LUIS GRANADOS | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| MARIA S SALINAS | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| J REYMUNDO OCANAS | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| ERIK HARTMAN | CHIEF IT OFFICER (BEG 5/13/24) Officer | 40 | $0 | $0 | $0 |
990 for the year ended September 30, 2023: 25 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| TOM ESPINOZA | PRESIDENT/CEO (THRU 12/31/22) Trustee or director, Officer | 40 | $1,133,088 | $0 | $45,690 |
| JANET MURGUIA | BOARD MEMBER Trustee or director | 1 | $0 | $649,453 | $59,141 |
| RODRIGO VELA | CHIEF FINANCIAL OFFICER(THRU 6/30/23) Officer | 40 | $372,230 | $0 | $57,240 |
| DAVID CLOWER | EVP FOR STRATEGIC INVESTMENTS Officer | 40 | $321,812 | $0 | $56,826 |
| MELISSA MCDONALD | CHIEF OPERATING OFFICER Officer | 40 | $324,974 | $0 | $44,690 |
| ANTONIO LOPEZ | CHIEF FINANCIAL OFFICER Officer | 40 | $195,867 | $0 | $48,101 |
| ADRIAN RUIZ | CHIEF INVESTMENT OFFICER Officer | 40 | $189,935 | $0 | $47,653 |
| SCOTT RICHTER | CHIEF CREDIT OFFICER Officer | 40 | $201,107 | $0 | $36,149 |
| JUAN MADRID | CONTROLLER Highest-paid employee | 40 | $186,714 | $0 | $47,342 |
| MARY ANN DONOVAN | PRESIDENT/CEO Trustee or director, Officer | 40 | $167,375 | $0 | $31,456 |
| PERDRO CHAVES | DEPUTY CHIELF CREDIT OFFICER Highest-paid employee | 40 | $156,609 | $0 | $32,392 |
| AMANDA SANCHEZ | DIRECTOR- PACIFIC NORTHWEST REGION Highest-paid employee | 40 | $142,809 | $0 | $43,618 |
| BRIAN CHAMPEAU | DIRECTOR - EAST COAST REGI Highest-paid employee | 40 | $134,324 | $0 | $42,869 |
| CATHERINE KES | DIRECTOR - SPECIALTY FINAN Highest-paid employee | 40 | $139,278 | $0 | $32,176 |
| DANIEL ORTEGA | BOARD CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| BRENDA LOYA | VICE CHAIRPERSON Trustee or director, Officer | 1 | $0 | $0 | $0 |
| JOSEPH F REILLY | SECRETARY Trustee or director, Officer | 1 | $0 | $0 | $0 |
| AARON DOMINGUEZ | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| JAMES W FEILD | BOARD MEMBER (THRU 11/30/22) Trustee or director, Officer | 1 | $0 | $0 | $0 |
| DONNA GAMBRELL | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| LUIS GRANADOS | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| ART RUIZ | BOARD MEMBER (THRU 11/30/22) Trustee or director | 1 | $0 | $0 | $0 |
| KENNETH I TRUJILLO | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| MARIA S SALINAS | BOARD MEMBER (BEG 5/18/23) Trustee or director | 1 | $0 | $0 | $0 |
| J REYMUNDO OCANAS | BOARD MEMBER (BEG 5/18/23) Trustee or director | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 410 E SOUTHERN AVE, PHOENIX, AZ 85040-3046
- In care of
- % RODRIGO VELA CFO
- Principal officer (990 for 2024)
- MARY ANN DONOVAN, 410 E SOUTHERN AVE, PHOENIX, AZ 85040
- Signed the 990
- ANTONIO LOPEZ, CFO
- Phone
- (602) 417-1400
- Website
- WWW.RAZAFUND.ORG
- Return prepared by
- RSM US LLP
Mission
RDF IS UNLOCKING LASTING PROSPERITY IN COMMUNITIES ACROSS AMERICA.
Program accomplishments
- LOAN FUND PROGRAMS: LENDING PROGRAMS TO ASSIST LOW INCOME COMMUNITIES BY INCREASING ACCESS TO CAPITAL. LOANS APPROVED 43.Expenses $20,904,888 · grants $1,265,000 · revenue $20,878,208
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in September, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | September 30, 2026 | February 16, 2027 | Not due yet |
| 2024 | September 30, 2025 | February 17, 2026 | 990 on file |
| 2023 | September 30, 2024 | February 18, 2025 | 990 on file |
IRS record
- EIN
- 52-1954196
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization (509(a)(3))
- Donations deductible (Pub 78)
- Supporting organization of unknown type
- Exempt since
- 1996
- Accounting year ends
- September
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S43Z)
- Assets (IRS master file)
- $378,020,114
- Income (IRS master file)
- $44,302,420
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | September 2025 | $44,302,420 | $25,986,480 | $378,020,114 | XML |
| 990-T | September 2025 | – | – | – | IRS |
| 990 | September 2024 | $25,660,512 | $23,615,314 | $363,067,878 | XML |
| 990 | September 2023 | $26,318,340 | $20,725,703 | $335,227,129 | XML |
| 990 | September 2022 | $48,137,884 | $24,595,544 | $296,838,353 | IRS |
| 990 | September 2021 | – | – | – | IRS |
| 990 | September 2020 | – | – | – | IRS |
| 990 | September 2019 | – | – | – | IRS |
| 990 | September 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 52-1954196).
Questions about RAZA DEVELOPMENT FUND INC
- What is the EIN of RAZA DEVELOPMENT FUND INC?
- The employer identification number (EIN) of RAZA DEVELOPMENT FUND INC is 52-1954196.
- Is RAZA DEVELOPMENT FUND INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1996.
- Are donations to RAZA DEVELOPMENT FUND INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization of unknown type).
- Which annual return does RAZA DEVELOPMENT FUND INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of RAZA DEVELOPMENT FUND INC due?
- The return for tax year 2025 (the year ending September 30, 2026) is due February 16, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did RAZA DEVELOPMENT FUND INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended September 2025.
- Who is the principal officer of RAZA DEVELOPMENT FUND INC?
- The 990 for the year ended September 30, 2025 names MARY ANN DONOVAN.
- Who are the officers and directors of RAZA DEVELOPMENT FUND INC?
- The 990 for the year ended September 30, 2025 lists 22 people; 11 received compensation from the organization.
- How much revenue does RAZA DEVELOPMENT FUND INC have?
- On its 990 for the year ended September 30, 2025 it reported revenue of $44,302,420, expenses of $25,986,480 and total assets of $378,020,114 at year end.
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