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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
2020 2019
ASSETS
Cash and Cash Equivalents $44,025 $33,178
Mission related investments:
Loans receivable, net of allowance 102,238  115,192
Investments 99,706 86,057
Prepaid expenses & other assets 1,499 2,029
TOTAL ASSETS $247,468 $236,456
LIABILITIES AND NET ASSETS
LIABILITIES
Accounts payable and accrued expenses $1,981 $1,474
Investor notes payable 138,294 131,431
Other notes payable 3,982 13,494
TOTAL LIABILITIES 144,257 146,399
NET ASSETS
Net assets without donor restrictions 102,630 89,907
Net assets with donor restrictions 150 150
TOTAL NET ASSETS 103,212 90,057
TOTAL LIABILITIES AND NET ASSETS $247,468 $236,456

Consolidated Statement of Activities & Changes in Net Assets

Dollars in thousands
2020 2019
REVENUES, GAINS AND OTHER SUPPORT
Management and other fee income $1,359 $1,009
Interest and investment income, net 7,519 8,198
Gifts and Contributions 58,174 34,492
Program Revenue 307 295
TOTAL REVENUES, GAINS AND OTHER SUPPORT 67,359 43,994
EXPENSES
PROGRAM SERVICES
Interest expense on investor funds $1,130 $1,940
Loan loss provision 1,838 1,167
Grants made to programs 35,589 21,842
Other projects and program expenses 1,546 2,290
Personnel costs 5,036 4,612
TOTAL PROGRAM SERVICES 45,139 31,851
SUPPORTING SERVICES
Management and general 9,065 9,724
TOTAL EXPENSES 54,205 41,575
CHANGES IN NET ASSETS 13,155 2,419
NET ASSETS AT BEGINNING OF YEAR 90,057 87,638
NET ASSETS AT END OF YEAR $103,212 $90,057
Audited Financial Statements and 990s: 2018-2020
  • 2020 RSF Consolidated Financial Statement
  • 2019 RSF Consolidated Financial Statement
  • 2018 RSF Consolidated Financial Statement
  • 2020 RSF Social Investment Fund Financial Statement
  • 2018 RSF Social Investment Fund Financial Statement
  • 2019 Form 990
  • 2018 Form 990