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Redf Impact Investing Fund

Redf Impact Investing Fund

San Francisco, CA 94111
Tax ID84-2301234

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About this organization

Revenue

$1,320,429

Expenses

$124,594

Mission

REDF Impact Investing Fund ("RIIF")'s mission is to provide financing for employment-focused social enterprises and businesses that employ and support individuals who face employment barriers such as experiences of homelessness, incarceration, addiction and mental health issues, and youth disconnected from school and work.

About

After more than 20 years of providing grants and advisory services to employment-focused social enterprises, REDF launched RIIF to add an important tool to accelerate the growth of employment social enterprises. As the social enterprise field matures, so does the need to access flexible capital to grow, capitalize on new opportunities, and better serve employees.The objective of the financing is to support these organizations to develop entrepreneurial and management skills necessary to grow business revenue and increase employment of people facing barriers. RIIF seeks to demonstrate the creditworthiness of these employment-focused social enterprises and assist organizations in obtaining subsequent capital investments from other sources.RIIF is demonstrating a model for how flexible loan terms, combined with technical assistance, can improve borrower performance and attract new sources of capital to employment social enterprises. RIIF loans are low-cost and/or long-term loans that require less security than typical impact investments or traditional loans and are accompanied by technical assistance.

Interesting data from their 2020 990 filing

The filing outlines the non-profit's goal as “Riif's mission is to provide financing for employment-focused social enterprises and businesses that employ and support individuals who face employment barriers such as experiences of homelessness, incarceration, addiction and mental health issues, and youth disconnected from school and work.”.

When explaining its purpose, the activities were outlined as: “Redf impact investing fund ("riif")'s mission is to provide financing for employment-focused social enterprises and businesses that employ and support individuals who face employment barriers such as experiences of homelessness, incarceration, addiction and mental health issues, and youth disconnected from school and work.”.

  • As per legal reporting requirements, the state of operation for the non-profit is CA.
  • The non-profit's address for 2020 is listed as 2 Embarcadero Center No 650, San Francisco, CA, 94111 in the filing.
  • As per the non-profit's form, they have 0 employees as of 2020.
  • Is not a private foundation.
  • Revenue is greater than $1,000,000.
  • Revenue less expenses is $1,195,835.
  • The organization has 3 independent voting members.
  • The organization was formed in 2019.
  • The organization pays $0 in salary, compensation, and benefits to its employees.
  • The organization pays $0 in fundraising expenses.

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