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Corporate Structure

RSF Social Finance is a New York State, not-for-profit corporation; and is federally tax-exempt under IRS Section 501(c)(3) of U.S. tax code. RSF Social Finance is also the parent corporation for supporting organizations. What follows are the audited financial statements: Report for RSF Social Finance and RSF Social Investment Fund, Inc. (SIF), a tax-exempt, non-profit supporting entity registered to accept investment notes in 49 states in the U.S., and to make loans to non-profit mission-aligned organizations.

Consolidated Statement of Financial Position
Dollars in thousands
2022 2021
ASSETS
Cash and Cash Equivalents 47,263 54,154
Mission related investments:
Loans receivable, net of allowance 89,385 88,709
Investments 83,360 96,322
Prepaid expenses & other assets 1,070 1,026
TOTAL ASSETS 221,078 240,211
LIABILITIES AND NET ASSETS
LIABILITIES
Accounts payable and accrued expenses 2,441 4,007
Investor notes payable 118,297 125,261
Other notes payable 8,000 3,982
TOTAL LIABILITIES 128,738 137,268
NET ASSETS
Net assets without donor restrictions 102,635 102,630
Net assets with donor restrictions 284 309
TOTAL NET ASSETS 92,340 102,943
TOTAL LIABILITIES AND NET ASSETS 221,078 240,211

Consolidated Statement of Activities & Changes in Net Assets

Dollars in thousands
2022 2021
REVENUES, GAINS AND OTHER SUPPORT
Management and other fee income 793 2,068
Interest and investment income, net 2,315 6,156
Gifts and Contributions 34,849 45,808
Program Revenue 14 166
TOTAL REVENUES, GAINS AND OTHER SUPPORT 37,970 54,198
EXPENSES
PROGRAM SERVICES
Interest expense on investor funds 498 975
Loan loss (Recovery) provision (162) 386
Grants made to programs 37,048 41,535
Other projects and program expenses 1,445 1,640
Personnel costs 3,259 3,328
TOTAL PROGRAM SERVICES 42,089 47,865
SUPPORTING SERVICES
Management and general 6,484 6,602
TOTAL EXPENSES 48,573 54,467
CHANGES IN NET ASSETS (10,603) (269)
NET ASSETS AT BEGINNING OF YEAR 102,943 103,212
NET ASSETS AT END OF YEAR 92,340 102,943
Audited Financial Statements and 990s: 2019-2021
  • 2022 RSF Consolidated Financial Statement
  • 2021 RSF Consolidated Financial Statement
  • 2022 RSF Social Investment Fund Financial Statement
  • 2021 RSF Social Investment Fund Financial Statement
  • 2022 Form 990
  • 2021 Form 990