Catalyst Impact Fund Inc
Public records show a registered, tax-exempt organization in good standing.
Points to look into
- It reported loans to or from officers, directors or other insiders.
- It owes more than it owns.
These come from the organization's own tax return. There may be a good explanation; ask the charity.
What it says it does
THE CATALYST IMPACT FUND'S PURPOSE IS TO DEVELOP AND FACILITATE INNOVATIVE SOLUTIONS, PROGRAMS, AND OPPORTUNITIES TO ADDRESS HOUSING AND OTHER SOCIOECONOMIC CONCERNS FOR AMERICA'S ESSENTIAL WORKFORCE.
- Income
- $7.6 million
- Spending
- $11.5 million
- Spent on programs
- 99%
- Reserves
- -87.3 months of spending
- Largest source of income
- fees for its services, 83%
- Employees
- 0
- Volunteers
- 6
Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Financial health
Weak: 30 out of 100. Higher than 6% of charities in its peer group (housing, $1m to $10m).
Reserves
0 of 35Spendable reserves are negative: it owes or has committed more than it holds.
Debt
0 of 20It owes 106% of what it owns.
Living within its means
0 of 15Spending exceeded income by 52% of income.
Income trend
15 of 15Income rose 150% on the year before.
Spending floor
15 of 1599% of spending went to programs and raising each dollar of donations cost 0 cents.
Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Governance
Good: 89 out of 100. Higher than 49% of charities in its peer group (housing, $1m to $10m).
Independent board
25 of 255 of 6 voting board members are independent.
Conflict of interest policy
15 of 15Has a written conflict of interest policy.
Whistleblower policy
8 of 8Has a written whistleblower policy.
Record keeping policy
7 of 7Has a written policy on keeping and destroying records.
Board minutes
5 of 5Keeps minutes of board meetings.
Board sees the tax return
10 of 10Gave the board a copy of this return before filing it.
Independent check of accounts
15 of 15Its accounts were audited by an independent accountant.
No reported misuse
0 of 10Reports at least one of: diversion of assets, excess benefits, loans to insiders.
Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Impact evidence
Describes programs. Its tax return describes what it does but we have found no measurable results in it.
Programs described in its return (2)
- $11.0 million spent. AFFORDABLE HOUSING: ON JANUARY 31, 2024, THE ORGANIZATION ACQUIRED A MULTIFAMILY RENTAL HOUSING DEVELOPMENT LOCATED IN SAN JOSE, CALIFORNIA. THE 6-STORY PROPERTY INCLUDES 168 RESIDENTIAL UNITS AND 18,151 SQUARE FEET OF COMMERCIAL SPACE. PURSUANT TO A REGULATORY AGREEMENT, THE ORGANIZATION IS COMMITTING AT LEAST 20% OF RESIDENTIAL UNITS FOR VERY LOW INCOME TENANTS (AT OR BELOW 50% OF AREA MEDIAN INCOME) AND AT LEAST 75% OF UNITS FOR LOW INCOME TENANTS (AT OR BELOW 80% OF AREA MEDIAN INCOME). RENTS FOR THESE UNITS ARE SET AT AFFORDABLE RATES IN COMPLIANCE WITH FEDERAL AND LOCAL HOUSING STANDARDS. THE PROPERTY INCLUDES 4 COMMERCIAL TENANTS THAT PRE-DATE THE ORGANIZATION'S ACQUISITION. WHILE THESE COMMERCIAL LEASES GENERATE UNRELATED DEBT-FINANCED INCOME, THESE ACTIVITIES REMAIN ANCILLARY TO THE ORGANIZATION'S PRIMARY AFFORDABLE HOUSING MISSION.
- $369,872 spent. FISCAL SPONSORSHIP: THE ORGANIZATION SERVES AS FISCAL SPONSOR TO JDL STRATEGIES, LLC, SUPPORTING ITS CHARITABLE PROJECT TO ASSESS LAND BANKING AS A SOLUTION FOR COMMUNITY-CENTERED AFFORDABLE HOUSING PRODUCTION AND PRESERVATION IN MARIN COUNTY, CALIFORNIA. AS FISCAL SPONSOR, THE ORGANIZATION RECEIVES AND ADMINISTERS CHARITABLE CONTRIBUTIONS AND GRANTS FOR THE PROJECT, ENSURING PROPER OVERSIGHT AND DISBURSEMENT OF FUNDS FOR PROJECT-RELATED EXPENSES.
Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Legitimacy checks
Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Has the IRS revoked its tax-exempt status? Passed.
Not on the IRS automatic revocation list.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated November 6, 2026.
Are donations tax-deductible? Passed.
On the IRS list of organizations eligible to receive tax-deductible contributions.
Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending June 2025.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since January 2021.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Is it in good standing with state regulators? Passed.
Not on California's list of charities barred from soliciting. Other states are not yet checked.
Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated November 4, 2026.
Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.