Civic Intelligence

Catalyst Impact Fund Inc.

990EZ • Fiscal year 2021 • EIN 85-0681665

Jan 01, 2021 to Dec 31, 2021 • Filed on Nov 14, 2022

21 Ward Street Suite 2Larkspur, CA 94939

(503) 309-7256

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

56th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Liabilities / Revenue

56th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Net Margin

55th percentile

12%

Higher net margin than 55% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Top Officer Pay

77th percentile

$0

Higher top officer pay than 77% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Asset Growth

63rd percentile

17%

Faster asset growth than 63% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Revenue Growth

47th percentile

0.7%

Faster revenue growth than 47% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Assets

Up

$86,152

Up $12,251 (+17%) from 2020

Net Assets

Up

$86,152

Up $12,251 (+17%) from 2020

Liabilities

Flat

$0

Flat from 2020

Revenue

Up

$101,309

Up $679 (+0.7%) from 2020

Expenses

Up

$89,058

Up $62,329 (+233%) from 2020

Net Income

Down

$12,251

Down $61,650 (-83%) from 2020

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$100M$50M$0-$50MAssets 2020: $73,901Liabilities 2020: $0Net Assets 2020: $73,9012020Assets 2021: $86,152Liabilities 2021: $0Net Assets 2021: $86,1522021Assets 2022: $65,054Liabilities 2022: $0Net Assets 2022: $65,0542022Assets 2023: $18,725Liabilities 2023: $20,507Net Assets 2023: -$1,7822023Assets 2024: $92,977,869Liabilities 2024: $94,361,587Net Assets 2024: -$1,383,7182024

Highlighted filing

2021

Assets$86,152
Liabilities$0
Net Assets$86,152

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2020: $100,630Expenses 2020: $26,729Net Income 2020: $73,9012020Revenue 2021: $101,309Expenses 2021: $89,058Net Income 2021: $12,2512021Revenue 2022: $100,000Expenses 2022: $121,098Net Income 2022: -$21,0982022Revenue 2023: $5,097Expenses 2023: $71,933Net Income 2023: -$66,8362023Revenue 2024: $3,024,576Expenses 2024: $4,406,512Net Income 2024: -$1,381,9362024

Highlighted filing

2021

Revenue$101,309
Expenses$89,058
Net Income$12,251
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Nov 14, 2022
Return Version
2021v4.1
Gross Receipts
$101,309
Mission and Program Overview

Mission

The Essential Housing Fund combats escalating income inequality and prohibitive housing costs that exclude our essential workforce from living, engaging and thriving within the very communities they serve.

The Catalyst Impact Fund's purpose is to develop and facilitate innovative solutions, programs, and opportunities to address housing and other socioeconomic concerns for America's essential workforce.

Program Services

DescriptionGrantsExpenses
housing grants which assisted 7 teachers and school professionals with rent expenses at Serenity at Larkspur apartments.$88,496$88,496
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Jordan MossPresidentPT$0--
Steve LefkovitsTreasurerPT$0--
Stephanie FuhrmanSecretaryPT$0--
Filing and Contact Details

Filer

Filer Name
Catalyst Impact Fund Inc
EIN
85-0681665
Phone
5033097256
Address
21 Ward Street Suite 2, Larkspur, CA 94939

Signing Officer

Name
Jordan Moss
Title
President
Signed
2022-11-14
Discuss with paid preparer
Yes

Preparer

Firm
Tovella Dowling PC
Address
501 W Broadway Suite 1310, San Diego, CA 92101
Preparer
Julie U Nguyen Esq
Phone
6199309332
Supplemental Narrative

Additional Explanations

Grants and Similar Amounts Paid In Excess of $5,000.1

| Donee's Name: Serenity at Larkspur Housing Grants | Donee's Address: 700 Lincoln Village Cir Larkspur CA 94939 | Cash Amount Given: $88496

Other Expenses.1

bank fees & service charges $22

Other Assets.1005

Accounts Receivable - Beginning $0 Accounts Receivable - Ending $309

Changes to Organizing or Governing Documents

The organization amended its articles of incorporation to change its legal name from "Essential Housing Fund, Inc." to "Catalyst Impact Fund, Inc." The organization also amended and restated its bylaws to reflect the same.

Form 990-EZ, Line G Accounting Method

The organization reported cash method of accounting rather than accrual on its initial 2020 form 990-ez. The change to accrual on this current return neither impacts the calculation of taxable income nor the timing of when revenue or expenses are reported in the current or prior year. As such, it is not considered a change in method of accounting as no method of accounting was previously adopted per rev. Proc. 2015-13, 2015-5 i.r.b. 419.

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0| Donee's Name: Serenity at Larkspur Housing Grants | Donee's Address: 700 Lincoln Village Cir Larkspur CA 94939 | Cash Amount Given: $88496
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Accounts Receivable - Beginning $0 Accounts Receivable - Ending $309
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The organization amended its articles of incorporation to change its legal name from "Essential Housing Fund, Inc." to "Catalyst Impact Fund, Inc." The organization also amended and restated its bylaws to reflect the same.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION REPORTED CASH METHOD OF ACCOUNTING RATHER THAN ACCRUAL ON ITS INITIAL 2020 FORM 990-EZ. THE CHANGE TO ACCRUAL ON THIS CURRENT RETURN NEITHER IMPACTS THE CALCULATION OF TAXABLE INCOME NOR THE TIMING OF WHEN REVENUE OR EXPENSES ARE REPORTED IN THE CURRENT OR PRIOR YEAR. AS SUCH, IT IS NOT CONSIDERED A CHANGE IN METHOD OF ACCOUNTING AS NO METHOD OF ACCOUNTING WAS PREVIOUSLY ADOPTED PER REV. PROC. 2015-13, 2015-5 I.R.B. 419.
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