Nonprofit · EIN 91-1951777
WORKING SOLUTIONS CDFI
Tax-exempt · SAN FRANCISCO, CA 94102
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| September 30, 2025 | 990 | $4,517,533 | $5,062,982 | -$545,449 | $23,135,892 | $14,103,238 | $9,032,654 |
| September 30, 2024 | 990 | $5,154,072 | $4,989,444 | $164,628 | $21,389,709 | $11,811,606 | $9,578,103 |
| September 30, 2023 | 990 | $6,684,587 | $4,561,932 | $2,122,655 | $18,529,952 | $9,120,196 | $9,409,756 |
Financial details: 990 for the year ended September 30, 2025
Revenue
- Contributions, gifts and grants
- $2,439,542
- of which government grants
- $290,112
- Program service revenue
- $1,976,047
- Investment income
- $101,944
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $939,977
- Other salaries and wages
- $1,836,108
- Salaries, compensation and benefits (total)
- $3,397,542
- Professional fundraising fees
- $0
- Accounting fees
- $88,002
- Occupancy
- $13,809
- Travel
- $54,140
- Depreciation
- $5,145
- Program services (functional)
- $3,952,504
- Management and general (functional)
- $811,612
- Fundraising (functional)
- $298,866
Balance sheet and other
- Total assets, start of year
- $21,389,709
- Total assets, end of year
- $23,135,892
- Total liabilities, end of year
- $14,103,238
- Net assets, end of year
- $9,032,654
- Land, buildings and equipment
- $21,493
- Net assets without donor restrictions
- $7,655,154
- Net assets with donor restrictions
- $1,377,500
- Gross receipts
- $4,517,533
- Employees
- 25
- Volunteers
- 12
- Year formed
- 1999
- State of legal domicile
- CA
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 | Other / benefits |
|---|---|---|---|---|
| LAURA HOOVER | CHIEF DEVELOPMENT OFFICER Key employee | 40 | $166,053 | $49,612 |
| TITILOPE IKHILE | CHIEF PROGRAM OFFICER Key employee | 40 | $164,731 | $37,869 |
| GASPER MAGALLANES | CHIEF FINANCIAL OFFICER Officer | 40 | $151,075 | $40,574 |
| JOHN PALYO | CHIEF LENDING OFFIER (THRU 7/2024) Key employee | 40 | $161,243 | $27,992 |
| SARA RAZAVI | CHIEF EXECUTIVE OFFICER Officer | 40 | $182,055 | $6,372 |
| DEBRA STEINEMAN | SENIOR ACCOUNTING MANAGER Highest-paid employee | 40 | $126,022 | $29,605 |
| NATALYA BLUMENFELD | DIRECTOR OF DATA & IMPACT Highest-paid employee | 40 | $118,261 | $17,537 |
| SABRINA ADAMS | GRANTS OFFICER Highest-paid employee | 40 | $104,480 | $20,498 |
| CHRISTIAN KNIGHT | DIRECTOR OF PORTFOLIO MANAGEMENT Highest-paid employee | 40 | $114,940 | $7,125 |
| LYNNDA MORI | BUSINESS CONSULTING MANAGER Highest-paid employee | 40 | $116,527 | $4,078 |
| PALOMA VIDGEN | BOARD CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| OLIVIA REBANAL | VICE CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| CHRISTINA TRAVERS | TREASURER Trustee or director, Officer | 2 | $0 | $0 |
| MINDY CHRISTENSEN | SECRETARY Trustee or director, Officer | 2 | $0 | $0 |
| MARISA CALDERON | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
7 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| HASEEB CHAUDHRY | BOARD MEMBER Trustee or director | 1 | $0 |
| EMILY GASNER | BOARD MEMBER Trustee or director | 1 | $0 |
| TATE HILL | BOARD MEMBER Trustee or director | 1 | $0 |
| WILL JACKSON | BOARD MEMBER Trustee or director | 1 | $0 |
| BRIAN NAGENDRA | BOARD MEMBER Trustee or director | 1 | $0 |
| LENA ROBINSON | BOARD MEMBER Trustee or director | 1 | $0 |
| MARCI ROSENFELD | BOARD MEMBER Trustee or director | 1 | $0 |
990 for the year ended September 30, 2024: 23 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| LAURA HOOVER | CHIEF DEVELOPMENT OFFICER Key employee | 40 | $168,109 | $37,853 |
| GASPER MAGALLANES | CHIEF FINANCIAL OFFICER Officer | 40 | $170,329 | $34,704 |
| JOHN PALYO | CHIEF LENDING OFFICER THROUGH 7/2024 Key employee | 40 | $159,672 | $32,465 |
| SARA RAZAVI | CHIEF EXECUTIVE OFFICER Officer | 40 | $178,488 | $9,261 |
| TITILOPE IKHILE | CHIEF PROGRAM OFFICER Key employee | 40 | $152,877 | $32,137 |
| DEBRA STEINEMAN | SENIOR ACCOUNTING MANAGER Highest-paid employee | 40 | $121,782 | $22,675 |
| PRISCILLA WOO | DIRECTOR OF LENDING Highest-paid employee | 40 | $112,187 | $21,133 |
| NATALYA BLUMENFELD | IMPACT MANAGER Highest-paid employee | 40 | $103,515 | $15,995 |
| LYNNDA MORI | BUSINESS CONSULTING MANAGER Highest-paid employee | 40 | $110,162 | $5,703 |
| CHRISTIAN KNIGHT | PORTFOLIO MANAGER Highest-paid employee | 40 | $107,529 | $4,094 |
| MARCI ROSENFELD | CHAIR THRU 1/2024 / DIR START 1/2024 Trustee or director, Officer | 1 | $0 | $0 |
| PALOMA VIDGEN | CHAIR START 1/2024 Trustee or director, Officer | 1 | $0 | $0 |
| OLIVIA REBANAL | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| CHRISTINA TRAVERS | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| MINDY CHRISTENSEN | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| MARISA CALDERON | BOARD MEMBER START 1/2024 Trustee or director | 1 | $0 | $0 |
| HASEEB CHAUDHRY | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| EMILY GASNER | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| TATE HILL | BOARD MEMBER START 1/2024 Trustee or director | 1 | $0 | $0 |
| WILL JACKSON | BOARD MEMBER START 1/2024 Trustee or director | 1 | $0 | $0 |
| BRIAN NAGENDRA | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| PURVI PATEL | BOARD MEMBER THROUGH 8/2024 Trustee or director | 1 | $0 | $0 |
| LENA ROBINSON | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
990 for the year ended September 30, 2023: 16 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| LAURA HOOVER | CHIEF DEVELOPMENT OFFICER Key employee | 40 | $170,561 | $34,292 |
| GASPER MAGALLANES | CHIEF FINANCIAL OFFICER Officer | 40 | $176,990 | $14,314 |
| SARA RAZAVI | CHIEF EXECUTIVE OFFICER Officer | 40 | $178,136 | $6,661 |
| TITILOPE IKHILE | CHIEF PROGRAM OFFICER Highest-paid employee | 40 | $146,281 | $27,749 |
| DEBRA STEINEMAN | SENIOR ACCOUNTING MANAGER Highest-paid employee | 40 | $111,947 | $24,084 |
| MARCI ROSENFELD | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| OLIVIA REBANAL | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| CHRISTINA TRAVERS | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| MINDY CHRISTENSEN | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| HASEEB CHAUDHRY | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| EMILY GASNER | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| BRIAN NAGENDRA | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| PURVI PATEL | BOARD MEMBER (START 1/2023) Trustee or director | 1 | $0 | $0 |
| LENA ROBINSON | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| PALOMA VIDGEN | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| CAMERON WILSON | BOARD MEMBER (THROUGH 7/2023) Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 870 MARKET ST STE 677, SAN FRANCISCO, CA 94102-3024
- In care of
- % SARA RAZAVI
- Principal officer (990 for 2024)
- SARA RAZAVI, 870 MARKET STREET 677, SAN FRANCISCO, CA 94102
- Signed the 990
- GASPER MAGALLANES, CHIEF FINANCIAL OFFICER
- Phone
- (415) 780-1217
- Website
- WWW.WORKINGSOLUTIONS.ORG
- Return prepared by
- BAKER TILLY ADVISORY GROUP LP
California records
California keeps its own records of charities and corporations. Search them by EIN 91-1951777 or by the name WORKING SOLUTIONS CDFI.
- Attorney General, Registry of Charities and Fundraisers
- Registration status and filed reports (CT-TR-1, RRF-1)
- Secretary of State, bizfile Online
- Corporation status, entity number, agent for service
- Franchise Tax Board
- Entity status letter (state tax exemption, good standing)
Mission
WORKING SOLUTIONS CDFI IS THE FIRST TO BELIEVE IN START-UP AND EARLY-STAGE BUSINESSES BY PROVIDING DIVERSE ENTREPRENEURS WITH AFFORDABLE CAPITAL, CUSTOMIZED BUSINESS CONSULTING, AND COMMUNITY CONNECTIONS TO INCREASE ECONOMIC OPPORTUNITY IN CALIFORNIA.
Program accomplishments
- WORKING SOLUTIONS CDFI ("WORKING SOLUTIONS OR "THE ORGANIZATION") IS A CALIFORNIA NONPROFIT CORPORATION AND A CERTIFIED COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION (CDFI). WORKING SOLUTIONS IS THE FIRST TO BELIEVE IN START-UP AND EARLY-STAGE BUSINESSES BY PROVIDING AFFORDABLE CAPITAL, CUSTOMIZED BUSINESS CONSULTING, AND COMMUNITY CONNECTIONS TO DIVERSE ENTREPRENEURS--WITH A FOCUS ON LOW-INCOME INDIVIDUALS, ENTREPRENEURS OF COLOR, AND WOMEN--TO INCREASE ECONOMIC OPPORTUNITY IN CALIFORNIA. WORKING SOLUTIONS SUPPORTS MICROENTERPRISE GROWTH TO STRENGTHEN THE LOCAL ECONOMY, CREATE JOBS, AND BUILD STRONG COMMUNITIES. WORKING SOLUTIONS PROVIDES THE FOLLOWING PRODUCTS AND SERVICES: (I) BUSINESS LOANS FROM $5,000 TO $100,000; (II) SMALL BUSINESS GRANTS; (III) FREE, ONE-ON-ONE BUSINESS CONSULTING TO HELP ENTREPRENEURS NAVIGATE THE CHALLENGES OF OWNING A SMALL BUSINESS WITH A SPECIFIC FOCUS ON FINANCIAL MANAGEMENT AND RISK MITIGATION; AND (IV) REFERRALS TO FREE OR LOW-COST INDUSTRY EXPERTS FOR LEGAL, ACCOUNTING, MARKETING, AND OTHER TYPES OF SPECIALIZED SUPPORT.Expenses $3,952,504 · revenue $1,976,047
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
- 91-1951777
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1999
- Accounting year ends
- September
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Human services (P800)
- Assets (IRS master file)
- $23,135,892
- Income (IRS master file)
- $4,517,533
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | September 2025 | $4,517,533 | $5,062,982 | $23,135,892 | XML |
| 990 | September 2024 | $5,154,072 | $4,989,444 | $21,389,709 | XML |
| 990 | September 2023 | $6,684,587 | $4,561,932 | $18,529,952 | XML |
| 990 | September 2022 | $2,670,816 | $3,918,600 | $16,295,715 | 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 91-1951777).
Questions about WORKING SOLUTIONS CDFI
- What is the EIN of WORKING SOLUTIONS CDFI?
- The employer identification number (EIN) of WORKING SOLUTIONS CDFI is 91-1951777.
- Is WORKING SOLUTIONS CDFI tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1999.
- Are donations to WORKING SOLUTIONS CDFI tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does WORKING SOLUTIONS CDFI 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 WORKING SOLUTIONS CDFI 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 WORKING SOLUTIONS CDFI 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 WORKING SOLUTIONS CDFI?
- The 990 for the year ended September 30, 2025 names SARA RAZAVI.
- Who are the officers and directors of WORKING SOLUTIONS CDFI?
- The 990 for the year ended September 30, 2025 lists 22 people; 10 received compensation from the organization, the highest $166,053 (LAURA HOOVER, CHIEF DEVELOPMENT OFFICER).
- How much revenue does WORKING SOLUTIONS CDFI have?
- On its 990 for the year ended September 30, 2025 it reported revenue of $4,517,533, expenses of $5,062,982 and total assets of $23,135,892 at year end.
Other nonprofits in SAN FRANCISCO
- GOLDEN GATE REGIONAL CENTER INC EIN 94-2461462 · last filed 990 for 2025
- TIDES CENTER EIN 94-3213100 · last filed 990 for 2024
- CHILDRENS COUNCIL OF SAN FRANCISCO EIN 94-2221305 · last filed 990 for 2025
- YOUNG MENS CHRISTIAN ASSOCIATION OF SAN FRANCISCO EIN 94-0997140 · last filed 990 for 2025
- JEWISH HOME EIN 94-0545320 · last filed 990 for 2025
- SEQUOIA LIVING INC EIN 94-1437728 · last filed 990 for 2024
- INSTITUTE ON AGING EIN 94-2978977 · last filed 990 for 2025
- JEWISH FAMILY & CHILDRENS SERVICES EIN 94-1156528 · last filed 990 for 2025
All nonprofits in SAN FRANCISCO · California · Human services