EIN 91-1951777

Working Solutions Cdfi

IRS 501(c) type
501(c)(3)
Num. employees
25
Year formed
1999
Most recent tax filings
2024-09-01
NTEE code, primary
Description
Working Solutions is a certified, nonprofit Community Development Financial Institution (CDFI) with a mission to provide affordable capital, customized business consulting, and community connections for underserved entrepreneurs in the San Francisco B...
Also known as...
TMC Development Working Solutions
Total revenues
$5,154,072
2024
Total expenses
$4,989,444
2024
Total assets
$21,389,709
2024
Num. employees
25
2024

Program areas at Working Solutions Cdfi

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 services: (i) 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.

Who funds Working Solutions Cdfi

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
JP Morgan Chase FoundationIn Support of Underserved Small Business Expansion$300,000
Scale LinkGeneral Support$222,174
Sobrato Family Foundation (SFF)Capital, Consulting and Community Small Business Success for Silicon Valley$220,000
...and 9 more grants received

Personnel at Working Solutions Cdfi

NameTitleCompensation
Sara RazaviChief Executive Officer$178,488
Gasper MagallanesChief Financial Officer$170,329
Laura HooverChief Development Officer$168,109
Titi IkhileChief Program Officer
Jenelle RingHuman Resources Director
...and 4 more key personnel

Financials for Working Solutions Cdfi

RevenuesFYE 09/2024
Total grants, contributions, etc.$3,660,675
Program services$1,338,471
Investment income and dividends$154,926
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$5,154,072

Form 990s for Working Solutions Cdfi

Fiscal year endingDate received by IRSFormPDF link
2024-092025-02-18990View PDF
2023-092024-02-14990View PDF
2022-092023-03-10990View PDF
2021-092022-03-11990View PDF
2020-092021-04-15990View PDF
...and 11 more Form 990s
Data update history
December 22, 2024
Received grants
Identified 4 new grant, including a grant for $300,000 from JP Morgan Chase Foundation
October 4, 2024
Updated personnel
Identified 3 new personnel
September 21, 2024
Received grants
Identified 3 new grant, including a grant for $50,000 from Comerica Charitable Foundation
June 3, 2024
Posted financials
Added Form 990 for fiscal year 2023
May 22, 2024
Updated personnel
Identified 2 new personnel
Nonprofit Types
Business and community development organizationsCharities
Issues
Human servicesCommunity improvementEconomic developmentBusiness and industry
Characteristics
State / local levelReceives government fundingTax deductible donationsAccepts online donations
General information
Address
870 Market St 677
San Francisco, CA 94102
Metro area
San Francisco-Oakland-Berkeley, CA
County
San Francisco County, CA
Website URL
workingsolutions.org/ 
Phone
(415) 780-1217
IRS details
EIN
91-1951777
Fiscal year end
September
Taxreturn type
Form 990
Year formed
1999
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
S30: Economic Development
NAICS code, primary
522120: Savings Institutions
Parent/child status
Independent
California AB-488 details
AB 488 status
May Operate or Solicit for Charitable Purposes
Charity Registration status
Current
FTB status revoked
Not revoked
AG Registration Number
110834
FTB Entity ID
2074597
AB 488 data last updated ("as-of") date
2025-03-19
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