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GROW AMERICA FUND INC

NEW YORK, NY · EIN 133641265 · Form 990 · FY2024 · NTEE S31 · Community Improvement · Medium ($1M-$10M) · growamericafund.org
revenue
$3.5M
expenses
$4.1M
net assets
$19.2M
employees
0
volunteers
3
program ratio
81%
profile · synthesized from sources

Grow America Fund Inc. invests in housing, community development, and small businesses through lending, advisory services, and training programs. The organization supports entrepreneurs and nonprofits with capital and capacity-building, focusing on equitable economic growth. It operates nationwide with a focus on revitalizing communities through public-private partnerships.

named programs · 4 · from sources

What they call their work

Advisory Support for Community and Economic Development
Delivers customized advisory services that integrate financing, technical expertise, and strategic planning to help clients achieve community and economic development goals.
Investments in Housing and Community Development
Provides capital and technical assistance for community development projects by coordinating local governments, nonprofits, and developers to structure financing and build local capacity.
Lending and Entrepreneurial Support
Offers loans to small businesses and nonprofits to help build equity, create jobs, and strengthen communities, with over thirty years of experience in mission-driven lending.
Training and Professional Education
Provides professional training programs in economic and housing development finance, having trained over 85,000 individuals across sectors.
activities · 1 group

What they do

financials · form 990 · fy2024
revenue
Total revenue$3.55M
Contributions & grants$00%
Program service revenue$3.53M100%
Investment income$00%
Other revenue$18K
expenses
Total expenses$4.10M
Program expenses81%
Admin / overhead19%
Fundraising0%
Salaries & benefits$2.00M
Grants paid out$0
Largest expense lineCompensation
balance sheet
Total assets$45.23M
Cash$7.42M
Investments$35.55M
Liabilities$26.00M
Net assets$19.23M
Liquid reserves125.8 mo
2 years on record · 2023–2024 · YoY revenue -9.6%
leadership · form 990 part vii · fy2024

Who runs it

paid leadership · 10
NameTitleHours/wkCompensation
DANIEL MARSH III CHAIRMAN 3 $605K
ADAM ENNIS TREASURER 3 $444K
DAVID TREVISANI BOARD MEMBER/INTERIM PRESI 9 $409K
KEVIN GREMSE BOARD MEMBER 1 $375K
ANN FINNEGAN MANAGING DIRECTOR OF LENDI 20 $344K
STEPHANIE DUGAN BOARD MEMBER 1 $342K
RAQUEL FAVELA BOARD MEMBER 1 $333K
DANIEL CHOI CFO AND VICE PRESIDENT 13 $332K
CHARLEY DEPEW BOARD MEMBER 1 $294K
JENNIFER VERTREES SECRETARY 8 $202K
board members · 3
  • DAWAYNE SIMS — BOARD MEMBER
  • EARL RICHARSON — BOARD MEMBER
  • PATRICIA THOMSON — BOARD MEMBER
relationships · 1

Who they work with

  • University of Washington Partner — Partnered on lab expansion project for medical breakthroughs research.
strategies · 3

How they approach the work

Named approaches extracted from this org’s sources. Where others share an approach, follow it to see the full set of orgs running it.