EIN 84-2301234

REDF Impact Investing Fund (RIIF)

IRS 501(c) type
501(c)(3)
Num. employees
0
Year formed
2019
Most recent tax filings
2022-12-01
NTEE code, primary
Description
REDF Impact Investing Fund (RIIF) aims to finance employment-focused social enterprises and businesses that support individuals facing employment barriers, such as homelessness, incarceration, addiction, and mental health issues. It was established by REDF after decades of providing grants and advisory services to these organizations. The fund is based in San Francisco, CA.
Related structure
RIIF is a subordinate organization under Redf.
Total revenues
$248,525
2022
Total expenses
$511,729
2022
Total assets
$9,088,027
2022
Num. employees
0
2022

Program areas at RIIF

After more than 20 years of providing grants and advisory services to employment-focused social enterprises, REDF launched REDF Impact Investing Fund (RIIF) in 2019 to add an important tool to accelerate the growth of employment social enterprises. As the social enterprise field matures, so does the need to access flexible capital to grow, capitalize on new opportunities, and better serve employees.The objective of the financing is to support these organizations to develop entrepreneurial and management skills necessary to grow business revenue and increase employment of people facing barriers. RIIF seeks to demonstrate the creditworthiness of these employment-focused social enterprises and assist organizations in obtaining subsequent capital investments from other sources.RIIF is demonstrating a model for how flexible loan terms, combined with technical assistance, can improve borrower performance and attract new sources of capital to employment social enterprises. RIIF loans are low-cost and/or long-term loans that require less security than typical impact investments or traditional loans and are accompanied by technical assistance.

Who funds REDF Impact Investing Fund (RIIF)

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Silicon Valley Community Foundation (SVCF)Community Development$121,000

Personnel at RIIF

NameTitleCompensation
Carrie McKelloggChief Executive Officer$0
Stuart DavidsonSecretary$0
Phil EstesTreasurer$0
Lewis ByrdBoard Chair$0

Financials for RIIF

RevenuesFYE 12/2022
Total grants, contributions, etc.$58,127
Program services$0
Investment income and dividends$190,398
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$248,525

Form 990s for RIIF

Fiscal year endingDate received by IRSFormPDF link
2021-122022-05-25990View PDF
2020-122021-06-14990View PDF
2019-122020-09-03990View PDF
Data update history
August 19, 2023
Updated personnel
Identified 2 new personnel
August 14, 2023
Posted financials
Added Form 990 for fiscal year 2021
May 21, 2023
Received grants
Identified 1 new grant, including a grant for $121,000 from Silicon Valley Community Foundation (SVCF)
August 12, 2022
Posted financials
Added Form 990 for fiscal year 2020
August 22, 2021
Posted financials
Added Form 990 for fiscal year 2019
Nonprofit Types
Business and community development organizationsFamily service centersChapter / child organizationsCharities
Issues
HomelessnessBusiness and industry
Characteristics
Tax deductible donationsNo full-time employees
General information
Address
785 Market St 1200
San Francisco, CA 94103
Metro area
San Francisco-Oakland-Berkeley, CA
Phone
(415) 561-6679
IRS details
EIN
84-2301234
Fiscal year end
December
Taxreturn type
Form 990
Year formed
2019
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
S41: Promotion of Business
NAICS code, primary
624190: Individual and Family Services
Parent/child status
Subordinate organization
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