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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
2021 2020
ASSETS
Cash and Cash Equivalents $54,154 $44,025
Mission related investments:
Loans receivable, net of allowance 88,709 102,238
Investments 96,322 100,140
Prepaid expenses & other assets 1,026 1,066
TOTAL ASSETS $240,211 $247,468
LIABILITIES AND NET ASSETS
LIABILITIES
Accounts payable and accrued expenses $4,007 $1,981
Investor notes payable 125,261 138,294
Other notes payable 8,000 3,982
TOTAL LIABILITIES 137,268 144,257
NET ASSETS
Net assets without donor restrictions 102,635 102,630
Net assets with donor restrictions 309 582
TOTAL NET ASSETS 102,943 103,212
TOTAL LIABILITIES AND NET ASSETS $240,211 $247,468

Consolidated Statement of Activities & Changes in Net Assets

Dollars in thousands
2021 2020
REVENUES, GAINS AND OTHER SUPPORT
Management and other fee income $2,068 $1,359
Interest and investment income, net 6,156 7,519
Gifts and Contributions 45,808 58,174
Program Revenue 166 307
TOTAL REVENUES, GAINS AND OTHER SUPPORT 54,198 67,359
EXPENSES
PROGRAM SERVICES
Interest expense on investor funds $975 $1,130
Loan loss provision 386 1,838
Grants made to programs 41,535 35,589
Other projects and program expenses 1,640 1,546
Personnel costs 3,328 5,036
TOTAL PROGRAM SERVICES 47,865 45,139
SUPPORTING SERVICES
Management and general 6,602 9,065
TOTAL EXPENSES 54,467 54,205
CHANGES IN NET ASSETS (269) 13,155
NET ASSETS AT BEGINNING OF YEAR 103,212 90,057
NET ASSETS AT END OF YEAR $102,943 $103,212
Audited Financial Statements and 990s: 2019-2021
  • 2021 RSF Consolidated Financial Statement
  • 2020 RSF Consolidated Financial Statement
  • 2019 RSF Consolidated Financial Statement
  • 2021 RSF Social Investment Fund Financial Statement
  • 2020 RSF Social Investment Fund Financial Statement
  • 2019 RSF Social Investment Fund Financial Statement
  • 2020 Form 990
  • 2019 Form 990