WASHINGTON AREA COMMUNITY INVESTMENT FUND INC

WASHINGTON, DC | District of Columbia
Economic Development

Overview

WASHINGTON AREA COMMUNITY INVESTMENT FUND INC
54-1442466
2012 RHODE ISLAND AVE NE
WASHINGTON, DC 20018
District of Columbia
(202) 529-5505

info@wacif.org
Mission Statement info

ESTABLISHED IN 1987, THE WASHINGTON AREA COMMUNITY INVESTMENT FUND’S MISSION IS TO INCREASE EQUITY AND ECONOMIC OPPORTUNITY IN UNDERSERVED COMMUNITIES IN THE WASHINGTON, DC AREA BY INVESTING KNOWLEDGE, SOCIAL, AND FINANCIAL CAPITAL IN LOW- AND MODERATE-INCOME ENTREPRENEURS.

CRA Category info
  • Economic Development
Nonprofit location info
  • Majority Minority Census Tract
Awards & Certifications info
  • CDFI Organization
  • CDFI Award Recipient
Founded info
Not reported
Total Employees info
Not reported
Total Volunteers info
Not reported
Nonprofit Classification (NTEE Code) info
-

Not reported

IRS Activity Codes info
380
Low-income housing
-
Not reported
-
Not reported
Standard Business Classification (NAICS Code) info
-
Not reported
Targeted Clients info
  • Economically Disadvantaged
  • Entrepreneurs
  • General Public
  • LGBTQ Individuals
  • Military
  • Minority Individuals
  • Small Businesses
  • Underbanked or Unbanked
  • Veterans
  • Women
CRA Income Characteristics info
    This nonprofit has claimed its profile but has not yet provided this information.

CRA Alignment

CRA Category info
Economic Development
Workforce development, job training, and small business or startup support.
What does it mean for a nonprofit to be CRA aligned?
Each nonprofit on Community Qualifier has been reviewed by findCRA utilizing a dual evaluation process. Nonprofits are first evaluated by our proprietary algorithm, CRANIA, and then further validated by our CRA experts. When nonprofit passes both parts of this review, we create a nonprofit profile for them on Community Qualifier. From there, a nonprofit can claim their profile and add additional information including their programs & services, counties served, targeted clients and income groups and more.
Programs & Services info
COVID-19 RESPONSE & RECOVERY EFFORTS
Aggregating resources for small businesses regarding emergency funding and loan programs available to help with COVID-19 relief.
Targeted Clients info

    Not reported

CRA Income Characteristics info

    Not reported

Awards & Certifications info
Community Development Financial Institution info
Date Certified info
9/17/2013
Native American CDFI info
N
Financial Institution Type info
Loan Fund
Community Development Financial Institution Award Recipient info
Most Recent CDFI Award info
2019
$200,000
CDFI Financial Assistance
2018
$400,000
CDFI Financial Assistance
2017
$125,000
CDFI Technical Assistance
New Market Tax Credit Recipient info
HUD Counseling Agency info
Low Income Housing Tax Credit Recipient info

IRS Summary

Income
$6.4M
Revenue
$6.4M
Assets
$11.7M
Exempt Ruling Date info
1988-08
Deductibility Status info
Deductible
Last Tax Filing info
2020
Organization Type info
Corporation
Organization Tax Filing Status info
990 (all other) or 990EZ return
Foundation Tax Filing Status info
990-PF not required by IRS
Affiliation Classification info
Independent Organization
States Where Tax Return is Filed info
VA
Basis for Foundation/Public Charity Status info
Organization which receives a substantial part of its support from a governmental unit or the general public 170(b)(1)(A)(vi)

Nonprofit Location

Physical Address info
2012 RHODE ISLAND AVE NE
WASHINGTON, DC 20018
District of Columbia
Area Type info
Metropolitan Statistical Area
FIPS Geocoded Address info
47894
MSA/MD info
11
State info
001
County info
0094.00
Tract info
Upper
Income Level info
Core-Based Statistical Area info
47900 - Washington-Arlington-Alexandria, DC-VA-MD-WV
Combined Statistical Area info
548 - Washington-Baltimore-Arlington, DC-MD-VA-WV-PA
Metropolitan Division info
47894 - Washington-Arlington-Alexandria, DC-VA-MD-WV
Located In info
Low- or Moderate-Income Census Tract info
Opportunity Zone info
Majority Minority Census Tract info 79.29%
FFIEC Designated Distressed Census Tract info
FFIEC Underserved Census Tract info
Geographies Served info

Not reported by nonprofit


This nonprofit has claimed its profile but has not yet provided this information.

Market Data

Census Tract County
0094.00 District of Columbia
Population
Total Population 4,424 701,974
Total Households 1,705 288,307
Income
Median Family Income (Census*) $160,208 $90,842
Median Family Income (2022 FFIEC est.) $139,700 N/A
Tract Income Percentage 126.92% N/A
Below Poverty Level 7.3% 15.5%
Unemployment Level 6.3% 7.1%
Housing
Total Housing Units 1,817 319,192
Total Owner-Occupied Units 79.9% 42.5%
Total Renter-Occupied Units 13.9% 57.5%
Total Vacant Units 6.2% 8.1%
* Census tract income based on 2020 Census estimated data; County income based on 2020 American Community Survey data.
View more than 200 performance context data points for this county now.

Management

12
Total Voting Members
in Governing Body
info
12
Independent Voting Members
in Governing Body
info
Tax Filing Signatory info
Harold Pettigrew
Executive Director
(202) 529-5505
Principal Officer info
Harold Pettigrew
findCRA Profile Owner
Brendon Miller
Director of Development and Communications
bmiller@wacif.org
Key Policies & Documents info
Written Conflict of Interest Policy
Written Document Retention & Destruction Policy
Written Wistleblower Policy
CEO Compensation Review Process
Written Minutes of Board Meetings
Financial Statements & Reporting info
Compiled or Reviewed by an Independent Accountant
Audited by an Independent Accountant
Included in Consolidated Financial Statements
Internal Audit Committee Review
Federal Grant Audit Required
Federal Grand Audit Performed
IRS Reported Activities info
Provides Credit Counseling
Conducts Gaming Activities
Engages in Lobbying Activities
Engages in Political Activities
Makes Grants to Individuals
Makes Grants to Organizations

"NA" in this section indicates that the information was not available in the nonprofit's most recent IRS tax filing.

This Nonprofit Profile was created using data available from publicly available government and industry sources, our own research, and information provided directly the nonprofit organization. Whenever possible, we utilize the most recent information available including information as made public by the Internal Revenue Service, U.S. Census Bureau, Federal Financial Institutions Examination Council, and more. The format and design of this Nonprofit Profile is ©findCRA. For more information about our Nonprofit Profiles, please visit www.learncra.com.