2025-11-06T16:10:24-06:00 2024-12-31 521392008 GELMAN ROSENBERG & FREEDMAN 4550 MONTGOMERY AVE SUITE 800N BETHESDA MD 208142930 990 2024-01-01 521141804 PROSPERITY NOW PROS 2024089788 1200 G STREET NW 400 WASHINGTON DC 20005 MARISA CALDERON PRESIDENT & CEO 2024089788 2025-11-06 1 0 RICHARD J LOCASTRO CPA P00288314 3019519090 2024 2025-03-06 01:10:19Z MARISA CALDERON 1200 G STREET NW 400 WASHINGTON DC 20005 14256038 0 X WWW.PROSPERITYNOW.ORG X 1979 DC SEE PART III, LINE 1. 8 8 84 12 0 0 19792432 13458732 120868 418130 235731 207103 261576 12184 20410607 14096149 6596084 2138661 0 0 11881971 8072701 506834 165313 1315891 6155021 9174397 25139910 19551072 -4729303 -5454923 24905014 13716505 13637598 8229391 11267416 5487114 X PROSPERITY NOW INSPIRES BOLD ACTION AND PROVIDES ORGANIZATIONS WITH THE TOOLS, RESEARCH, AND RESOURCES NEEDED TO HELP PEOPLE BUILD PROSPERITY SO EVERYONE CAN THRIVE. 0 0 8408247 202238 BUILDING HOUSEHOLD STABILITY THROUGH RESEARCH AND COLLABORATION:PROSPERITY NOW DRAWS ON LOCAL EXPERIENCE AND DATA TO STUDY FINANCIAL CHALLENGES AND IDENTIFY PRACTICAL SOLUTIONS THAT HELP HOUSEHOLDS BUILD STABILITY AND SECURITY. OUR CONNECTION WITH PRACTITIONERS ACROSS THE COUNTRY PROVIDES VALUABLE INSIGHTS ABOUT EMERGING RISKS AND OPPORTUNITIES FACING COMMUNITIES. WE INTEGRATE THESE INSIGHTS WITH RESEARCH AND ANALYSIS TO INFORM EVIDENCE-BASED STRATEGIES THAT STRENGTHEN FINANCIAL WELL-BEING.OUR WORK EXAMINES HOUSEHOLD CONDITIONS NATIONWIDE, DOCUMENTS INNOVATIVE PROGRAMS AND APPROACHES, AND BUILDS THE KNOWLEDGE BASE FOR WHAT WORKS IN PRACTICE WE SHARE THIS INFORMATION WITH PUBLIC, PRIVATE, AND NONPROFIT PARTNERS TO INFORM DECISIONS THAT SUPPORT FAMILIES AND COMMUNITIES.THROUGH THIS COMBINATION OF RESEARCH, EDUCATION, AND FIELD COLLABORATION, PROSPERITY NOW HELPS STRENGTHEN PROGRAMS THAT PROMOTE SAVINGS, FINANCIAL CAPABILITY, AND ACCESS TO HOMEOWNERSHIP. 4312401 1909214 60723 RESEARCH AND FIELD ENGAGEMENT TO STRENGTHEN FINANCIAL SECURITY:PROSPERITY NOW SERVES AS A NATIONAL INTERMEDIARY CONNECTING RESEARCH, PRACTICE, AND INFORMATION-SHARING TO STRENGTHEN FINANCIAL STABILITY FOR INDIVIDUALS AND FAMILIES. WE PROVIDE CAPITAL, TECHNOLOGY, TRAINING, AND DATA-DRIVEN INSIGHTS TO HELP LOCAL ORGANIZATIONS STRENGTHEN PROGRAMS THAT BUILD HOUSEHOLD FINANCIAL STABILITY AND ECONOMIC OPPORTUNITY.THROUGH OUR NETWORK AND FIELD INSIGHTS, WE STUDY FINANCIAL CONDITIONS ACROSS ALL FIFTY STATES AND TERRITORIES, TRACK TRENDS THAT SHAPE HOUSEHOLD WELL-BEING, AND IDENTIFY STRATEGIES THAT IMPROVE OUTCOMES FOR FAMILIES AND COMMUNITIES. PROSPERITY NOW SHARES THESE FINDINGS WITH PUBLIC, PRIVATE, AND NONPROFIT PARTNERS TO SUPPORT INFORMED DECISION-MAKING AND PRACTICAL SOLUTIONS AT EVERY LEVEL.OUR WORK CENTERS ON FOUR KEY AREAS:- HOUSING & HOMEOWNERSHIP: EXPAND ACCESS TO STABLE HOUSING AND HOMEOWNERSHIP.- ENTREPRENEURSHIP & SMALL BUSINESS: INCREASE ACCESS TO RESPONSIBLE CAPITAL, SCALE JOB TRAINING, AND BUILD CAPACITY.- CHILD & FAMILY SUPPORT: ADVANCE EARLY SAVINGS, CHILD TAX CREDITS, AND PROGRAMS THAT PROMOTE FAMILY FINANCIAL STABILITY.- TAX OPPORTUNITY: IMPROVE ACCESS TO TAX-TIME BENEFITS AND SAVINGS FOR INDIVIDUALS AND FAMILIES.PROSPERITY NOW ALSO STRENGTHENS THE FIELD'S CAPACITY THROUGH TECHNOLOGY-ENABLED TOOLS AND SHARED RESOURCES THAT MAKE FINANCIAL COACHING, LENDING, AND DATA MANAGEMENT MORE EFFICIENT AND ACCESSIBLE FOR PRACTITIONERS NATIONWIDE.THROUGH THIS COMBINATION OF RESEARCH, EDUCATION, AND FIELD ENGAGEMENT, PROSPERITY NOW HELPS ORGANIZATIONS, FUNDERS, AND PUBLIC AGENCIES COORDINATE EFFORTS THAT CREATE STRONGER FINANCIAL FOUNDATIONS FOR COMMUNITIES. 2114388 27209 357407 PRACTITIONER CONVENINGS AND COMMUNICATIONS:PROSPERITY NOW CONNECTS ORGANIZATIONS, RESEARCHERS, AND PUBLIC LEADERS THROUGH CONVENINGS AND COMMUNICATION CHANNELS THAT ENCOURAGE LEARNING AND COLLABORATION. THESE EFFORTS STRENGTHEN THE FIELD BY SHARING DATA, TOOLS, AND REAL-WORLD EXPERIENCE THAT HELP PRACTITIONERS EXPAND FINANCIAL STABILITY FOR THE INDIVIDUALS AND FAMILIES THEY SERVE.THROUGH NATIONAL AND REGIONAL GATHERINGS, WEBINARS, AND PEER-LEARNING OPPORTUNITIES, PROSPERITY NOW PROVIDES SPACES FOR PRACTITIONERS ACROSS HOUSING, ENTREPRENEURSHIP, FAMILY SUPPORT, AND TAX OPPORTUNITY TO EXCHANGE IDEAS AND STRENGTHEN THEIR PROGRAMS.OUR COMMUNICATIONS WORK INFORMS AND EDUCATES A BROAD AUDIENCE OF STAKEHOLDERS BY TRANSLATING RESEARCH INTO ACCESSIBLE RESOURCES, ARTICLES, AND MULTIMEDIA CONTENT. WE ALSO SHARE PERSONAL STORIES THAT ILLUSTRATE HOW HOUSEHOLDS NAVIGATE FINANCIAL CHALLENGES AND OPPORTUNITIES, HELPING TO BUILD UNDERSTANDING AND SUPPORT FOR PRACTICAL, COMMUNITY-DRIVEN SOLUTIONS.ACROSS THESE ACTIVITIES, PROSPERITY NOW REMAINS FOCUSED ON CONNECTING PEOPLE, INFORMATION, AND IDEAS THAT ADVANCE HOUSEHOLD FINANCIAL SECURITY NATIONWIDE. 14835036 1 1 0 1 0 0 0 0 0 1 0 0 1 1 1 0 1 0 0 0 0 0 0 1 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 46 0 1 84 1 0 0 0 0 0 0 0 0 0 0 0 0 X 8 8 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 AL AR CA FL GA HI IL KS KY MA MD MI MN MS NC NH NJ NM NY OR PA RI SC TN UT VA WI WV X IRINA KRIVOSHEENKO 2024089788 1200 G STREET NW 400 WASHINGTON DC 20005 COURTNEY HOWARD HODAPP BOARD CHAIR 4.00 X X 0 0 0 RONALD GRZYWINSKI SECRETARY 4.00 X X 0 0 0 JACKSON BROSSY DIRECTOR (UNTIL 2/24) 4.00 X 0 0 0 ANNIE BURNS DIRECTOR 4.00 X 0 0 0 GARNESHA EZEDIARO DIRECTOR 4.00 X 0 0 0 DARLENE GOINS DIRECTOR (UNTIL 6/24) 4.00 X 0 0 0 SERRA FALK GOLDMAN DIRECTOR 4.00 X 0 0 0 ROBIN MCKINNEY DIRECTOR (UNTIL 2/24) 4.00 X 0 0 0 HORACIO MENDEZ DIRECTOR 4.00 X 0 0 0 VICTOR REINOSO DIRECTOR 4.00 X 0 0 0 BEA STOTZER DIRECTOR 4.00 X 0 0 0 MARISA CALDERON PRESIDENT & CEO 40.00 X 386330 0 37029 CHANDA LUPUNGA-PHILLIPS VICE PRESIDENT OF ADMINISTRATION 40.00 X 232625 0 25590 JENNIFER BROOME VP, PHILANTHROPY (UNTIL 8/24) 40.00 X 169165 0 14515 JAE HENDERSON DIRECTOR OF PRODUCT 40.00 X 231126 0 27672 SRINIVASA MALLAJOSYULA DIRECTOR OF DATA 40.00 X 234030 0 22401 CHERIE COLLINS SIMS - CHIEF STRAT. & INNOV. OFFICER (UNTIL 5/24) 40.00 X 236200 0 11172 MARY-FRANCES WAIN CHIEF ENGAGEMENT OFF. (UNTIL 4/24) 40.00 X 219452 0 7583 JENNIFER MEDINA SR. DIR. OF PROJECT MANAGEMENT 40.00 X 186578 0 19240 1895506 0 165202 24 0 1 0 DELOITTE CONSULTING LLC 4022 SELLS DRIVE HERMITAGE TN 37076 CONSULTING/ENGINEERING SUPPORT 903597 CLIFTONLARSONALLEN LLP PO BOX 829709 PHILADELPHIA PA 19182 ACCOUNTING & ADVISORY SERVICES 384776 CONSCIOUSLY COMPANY LLC 1 LAUREL PL MONTCLAIR NJ 07043 MARKETING & BRANDING SERVICES 310000 SHAKTI CONSULTING LLC SLEELA BHASHYAM 97 STEVENSON AVE HARTSDALE NY 02476 CONSULTING SERVICES 166530 HAVEN HUMAN ASSET VENTURES LLC 16 LINCOLN STREET ARLINGTON MA 02476 HR SERVICES/EXECUTIVE COACHING 129387 7 13458732 13458732 CONFERENCE REG. FEES 900099 357407 357407 CONTRACTS AND SERVICE FEE REVENUE 900099 56723 56723 HONORARIUM 900099 4000 4000 418130 129270 129270 237722 159889 77833 77833 77833 MISCELLANEOUS 900099 12184 12184 12184 14096149 418130 0 219287 X 2138661 2138661 865254 148168 706065 11021 5934148 4097886 1145787 690475 266686 188899 41532 36255 498645 344135 88920 65590 507968 328536 117499 61933 171590 144136 19517 7937 77798 77798 165313 165313 28685 28685 4220890 3749761 429945 41184 807237 730593 52915 23729 149514 94985 43122 11407 1399955 1169678 168192 62085 902956 668856 144601 89499 747278 603463 128540 15275 228981 219670 5802 3509 8170 49 7254 867 1169 1169 38679 230 34346 4103 SUBSCRIPTIONS & DUES 354359 182696 145643 26020 PAYROLL SERVICE FEES 17100 14364 1945 791 MISCELLANEOUS 10211 10211 2144 -2144 REGISTRATION FEES 9825 59 8724 1042 19551072 14835036 3400145 1315891 13651787 1836540 34123 10929 1054711 817421 0 413073 137761 0 4022 3480026 3954490 2250000 3750000 4017272 3209364 24905014 13716505 925836 3195993 6351447 17000 1500000 6360315 3516398 13637598 8229391 X -661916 -830903 11929332 6318017 11267416 5487114 24905014 13716505 X -5454923 264621 -590000 X 0 1 X 1 0 X 10257757 23689751 16034692 19792432 13458732 83233364 10257757 23689751 16034692 19792432 13458732 83233364 42584490 40648874 238745 297292 344686 176314 129270 1186307 1411 181871 77962 261576 12184 535004 84954675 1935784 0.47850 0.49130 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 19357074 19357074 1000000 250000 0 0 1000000 1000000 1000000 1000000 4000000 6000000 21199 24630 20615 66444 250000 250000 250000 250000 1000000 1500000 15795 14161 14413 44369 2000000 2000000 5461984 89338 3551322 2000000 5820548 -358564 5461984 5692374 128174 5820548 5564420 127954 5692374 1.00000 0 0 0 EQUITY INVESTMENT - ROC USA 3750000 F 3750000 DEPOSIT 65936 RIGHT-OF-USE ASSET, OPERATING LEASE 3143428 3209364 OPERATING LEASE LIABILITY 3516398 3516398 14332085 264621 264621 14067464 28685 28685 14096149 19522387 0 19522387 28685 28685 19551072 PART V, LINE 4: TO PROMOTE THE ORGANIZATION'S MISSION AND EXPAND ITS REACH TO THE UNDERSERVED POPULATION. X X X X 1 CHAPMAN CUBINE ALLEN & HUSSEY INC 2000 15TH STREET NORTH SUITE 500 ARLINGTON VA 22201 SUPPORT THE INSTITUTIONAL FUNDRAISING ACTIVITIES 0 0 165313 -165313 165313 -165313 AK AL AR CA CO CT DC FL GA HI IL KS KY MA MD MI MN MS NC ND NH NJ NM NV NY OH OK OR PA RI SC TN UT VA WA WI WV 1 PACIFIC COMMUNITY VENTURES 1714 FRANKLIN ST SUITE 347 OAKLAND CA 94612 770485877 501(C)(3) 1909214 0 TO PROMOTE THE ORGANIZATION'S MISSION & EXPAND ITS REACH TO THE UNDERSERVED POPULATION LATINO BUSINESS ACTION NETWORK 297 COMMERCIAL STREET SAN JOSE CA 95112 450649020 501(C)(3) 85000 0 TO PROMOTE THE ORGANIZATION'S MISSION & EXPAND ITS REACH TO THE UNDERSERVED POPULATION NATIONAL ASSOCIATION OF LATINO ASSET BUILDERS 5404 WURZBACK RD SAN ANTONIO TX 78238 200774672 501(C)(3) 100000 0 TO PROMOTE THE ORGANIZATION'S MISSION & EXPAND ITS REACH TO THE UNDERSERVED POPULATION AMERICAN LATINO VETERANS ASSOCIATION 12125 WINDSOR HALL WAY HERNDON VA 20170 844671021 501(C)(3) 17238 0 TO PROMOTE THE ORGANIZATION'S MISSION & EXPAND ITS REACH TO THE UNDERSERVED POPULATION 4 0 PART I, LINE 2: EACH ORGANIZATION IS REQUIRED TO SUBMIT DETAILED PROGRESS REPORTS THROUGHOUT THE TERM OF THE GRANT AS WELL AS A FINAL REPORT ON PROGRAM ACTIVITIES AND USE OF FUNDS. THE SUB-GRANTEE REPORTS ARE REVIEWED BY PROSPERITY NOW STAFF TO ENSURE, AMONG OTHER THINGS, THE PROPER USE OF FUNDS AND COMPLIANCE WITH PRIMARY FUNDER STIPULATIONS. X X X 1 0 0 0 0 0 0 1 0 MARISA CALDERON PRESIDENT & CEO 364830 0 20000 0 1500 0 16196 0 20833 0 423359 0 0 0 JAE HENDERSON DIRECTOR OF PRODUCT 228126 0 3000 0 0 0 11261 0 16411 0 258798 0 0 0 CHANDA LUPUNGA-PHILLIPS VICE PRESIDENT OF ADMINISTRATION 232625 0 0 0 0 0 10920 0 14670 0 258215 0 0 0 SRINIVASA MALLAJOSYULA DIRECTOR OF DATA 231030 0 3000 0 0 0 10954 0 11447 0 256431 0 0 0 CHERIE COLLINS SIMS - CHIEF STRAT. & INNOV. OFFICER (UNTIL 5/24) 129625 0 0 0 106575 0 4832 0 6340 0 247372 0 0 0 MARY-FRANCES WAIN CHIEF ENGAGEMENT OFF. (UNTIL 4/24) 112877 0 0 0 106575 0 3855 0 3728 0 227035 0 0 0 JENNIFER MEDINA SR. DIR. OF PROJECT MANAGEMENT 186160 0 0 0 418 0 8592 0 10648 0 205818 0 0 0 JENNIFER BROOME VP, PHILANTHROPY (UNTIL 8/24) 169165 0 0 0 0 0 7007 0 7508 0 183680 0 0 0 PART I, LINE 4A DURING THE YEAR, CHERIE COLLINS SIMS AND MARY-FRANCES WAIN BOTH RECEIVED SEVERANCE OF $106,575. PART I, LINE 7 THE BONUSES FOR OTHER STAFF MEMBERS ARE RECOMMENDED BY SENIOR STAFF BASED ON PERFORMANCE EVALUATIONS AND APPROVED BY THE PRESIDENT. THE FOLLOWING INDIVIDUALS LISTED ON PART VII RECEIVED A BONUS: MARISA CALDERON $20,000 JAE HENDERSON $3,000 SRINIVASA MALLAJOSYUL $3,000 FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 WAS PREPARED BY OUTSIDE ACCOUNTANTS AND REVIEWED BY THE FINANCE/INVESTMENT COMMITTEE. A FINAL COPY OF THE 990 WAS PROVIDED TO EACH BOARD MEMBER BEFORE FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C PROSPERITY NOW'S CONFLICTS OF INTEREST POLICY AND A CONFLICT OF INTEREST DECLARATION STATEMENT ARE DISTRIBUTED ANNUALLY TO ALL MEMBERS OF THE BOARD OF DIRECTORS. THE DIRECTORS MUST ANSWER A SERIES OF QUESTIONS TO DISCLOSE ANY CONFLICTS OF INTEREST AND SIGN THE STATEMENT. ALSO, PROSPERITY NOW'S EMPLOYEES' HANDBOOK CONTAINS A CONFLICT OF INTEREST POLICY THAT ALL EMPLOYEES MUST SIGN. UPON THE FIRST KNOWLEDGE BY AN INTERESTED PERSON THAT PROSPERITY NOW IS CONSIDERING OR HAS CONSIDERED A TRANSACTION OR ARRANGEMENT WITH AN ENTITY OR INDIVIDUAL WITH WHICH THE INTERESTED PERSON HAS AN INTEREST, THE INTERESTED PERSON MUST DISCLOSE THE EXISTENCE AND NATURE OF HIS OR HER INTEREST TO THE PRESIDENT. AFTER DISCLOSURE OF THE INTEREST, THE INTERESTED PERSON MAY NOT PARTICIPATE IN CONSIDERATION OF THE PROPOSED TRANSACTION OR ARRANGEMENT AND IS NOT PRESENT FOR THE CONSIDERATION OF OR VOTE ON SUCH TRANSACTION UNLESS THE PRESIDENT REQUESTS INFORMATION FROM THE INTERESTED PERSON. FORM 990, PART VI, SECTION B, LINE 15A TO DETERMINE THE PRESIDENT'S COMPENSATION, THE ORGANIZATION COMPILED 990 DATA FROM LIKE ORGANIZATIONS AND USED DATA FROM INDEPENDENT SURVEYS. THIS DATA WAS REVIEWED AND DELIBERATED BY THE ORGANIZATION'S BOARD, WHICH ALSO CONDUCTED A FORMAL REVIEW OF THE PRESIDENT'S PERFORMANCE. THE BOARD VOTED ON AND APPROVED THE PRESIDENT'S COMPENSATION AND DOCUMENTED ITS DELIBERATIONS IN THE ORGANIZATION'S RECORDS. THE LAST REVIEW TOOK PLACE IN NOVEMBER 2024. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 11G OTHER PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 3,001,115. MANAGEMENT AND GENERAL EXPENSES 344,106. FUNDRAISING EXPENSES 32,961. TOTAL EXPENSES 3,378,182. HR CONSULTING: PROGRAM SERVICE EXPENSES 127,973. MANAGEMENT AND GENERAL EXPENSES 14,673. FUNDRAISING EXPENSES 1,406. TOTAL EXPENSES 144,052. PUBLIC RELATIONS: PROGRAM SERVICE EXPENSES 62,187. MANAGEMENT AND GENERAL EXPENSES 7,130. FUNDRAISING EXPENSES 683. TOTAL EXPENSES 70,000. COMMUNICATIONS CONSULTING: PROGRAM SERVICE EXPENSES 188,364. MANAGEMENT AND GENERAL EXPENSES 21,598. FUNDRAISING EXPENSES 2,069. TOTAL EXPENSES 212,031. DATA SERVICES: PROGRAM SERVICE EXPENSES 370,122. MANAGEMENT AND GENERAL EXPENSES 42,438. FUNDRAISING EXPENSES 4,065. TOTAL EXPENSES 416,625. FORM 990, PART XI, LINE 9: ADJUSTMENT OF VALUATION ALLOWANCE 1,500,000. LEGAL SETTLEMENT -2,090,000. BLACK WEALTH DATA CENTER LLC 1200 G STREET NW STE 400 WASHINGTON DC 20005 882972802 REPOSITORY FOR BLACK WEALTH DATA DE 0 0 PROSPERITY NOW ROC USA 6 LOUDON RD STE 501 CONCORD NH 03301 352319441 ECONOMIC ASSISTANCE NH 501(C)(3) LINE 7 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 ROC USA F 62500 ACTUAL AMOUNT