Overview
What is Redf Impact Investing Fund?
Redf Impact Investing Fund, based in San Francisco, California, is a financing initiative established in 2019. With a mission to support employment-focused social enterprises, RIIF provides low-cost and long-term loans, along with technical assistance, to businesses that employ individuals facing various barriers, such as homelessness, incarceration, addiction, mental health issues, and youth disconnected from education and work. After more than two decades of grant and advisory services, RIIF aims to demonstrate the creditworthiness of these organizations, fostering their entrepreneurial and management skills, and enabling them to attain further capital investments. The objective is to accelerate the growth of these social enterprises, thereby improving their capacity to generate revenue and create employment opportunities.
Is Redf Impact Investing Fund legitimate?
Redf Impact Investing Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Redf Impact Investing Fund submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Redf Impact Investing Fund?
The Redf Impact Investing Fund's mission is to offer financing to employment-centric social enterprises and businesses. These entities cater to individuals who encounter various employment barriers, such as homelessness, incarceration, substance abuse, mental health issues, and youth disengagement from education and work. The fund's objective is to enable these organizations to enhance their entrepreneurial and managerial skills, boost business revenue, and expand employment opportunities for those facing barriers. By providing flexible loans and technical assistance, REDF Impact Investing Fund aims to demonstrate the creditworthiness of employment-focused social enterprises, thereby attracting additional investment sources.
Who is the CEO of Redf Impact Investing Fund?
Carrie Mckellogg is the Board Chair of Redf Impact Investing Fund. The CEO's salary of Redf Impact Investing Fund is $0 and their total compensation is $271,696.
What is the revenue of Redf Impact Investing Fund?
Redf Impact Investing Fund's revenue in 2022 was $248,525.
Who are the executives of Redf Impact Investing Fund and what are their salaries?
There 5 volunteers at Redf Impact Investing Fund.
Here are 6 key members and their salaries (Redf Impact Investing Fund's CEO's salary is $0 and their total compensation is $271,696):
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- Related: $0
- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
- Related: $228,777
- Other: $42,919
Where can I find the form 990 for Redf Impact Investing Fund?
Redf Impact Investing Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Redf Impact Investing Fund
Redf Impact Investing Fund, or RIIF, is dedicated to fulfilling its mission of providing financing for social enterprises and businesses that prioritize employment opportunities for individuals who encounter various employment barriers, including experiences of homelessness, incarceration, addiction, mental health issues, and youth disconnected from school and work. By offering financing, RIIF aims to help these employment-focused social enterprises grow and improve their entrepreneurial and management skills, ultimately increasing their revenue and employment opportunities for those who face these challenges.
In addition to providing financing, RIIF also offers technical assistance to help these organizations improve their performance and attract further capital investments from other sources. This approach, which combines flexible loan terms with technical assistance, has shown promise in improving borrower performance and demonstrating the creditworthiness of employment-focused social enterprises. By supporting these organizations, RIIF is not only helping to create employment opportunities but also demonstrating a model for how flexible capital can be a valuable tool in the growth and success of these social enterprises.
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Impact
October, 2024
The Redf Impact Investing Fund (RIIF) has made a significant impact by providing crucial financing to employment-focused social enterprises that address systemic barriers to employment. By focusing on businesses that support individuals overcoming challenges such as homelessness, incarceration, addiction, mental health issues, and youth disconnection from education and work, RIIF plays a vital role in enhancing the livelihoods of underserved populations.
Launched in 2019, RIIF builds on over two decades of experience that REDF has in the field. Its mission is to enable these enterprises to develop essential entrepreneurial and management skills, which are critical for increasing business revenue and expanding job opportunities for marginalized groups. Through flexible loan terms and accompanying technical assistance, RIIF not only demonstrates the creditworthiness of these organizations but also helps them access further capital investments.
The fund’s approach provides low-cost and long-term loans that require less security than typical investments, making it accessible for social enterprises that often struggle with traditional financing options. By fostering this environment, RIIF is setting a precedent for how tailored financial solutions can enhance borrower performance and attract new sources of investment into the social enterprise sector.
Overall, RIIF is contributing to community improvement and economic empowerment by ensuring that employment-focused social enterprises are equipped to thrive and expand their impact in their respective communities.
This information is meant to be a general summary of Redf Impact Investing Fund. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $190,398
- Gross Receipts: $248,525
Assets and Liabilities:
- Total Assets: $9,088,027
- Total Liabilities: $7,297,212
- Net Assets: $1,790,815
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Organization Details
Founding Year
2019
Phone
(415) 561-6679Principal Officer
Carrie Mckellogg
Main Address
785 Market Street 1200, San Francisco, CA, 94103
NTEE Category
Code: S41 - Community improvement
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