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GROWTH PARTNERS ARIZONA

TUCSON, AZ · EIN 455021995 · Form 990 · FY2021 · NTEE S31 · Community Improvement · Medium ($1M-$10M) · www.growthpartnersaz.org
revenue
$1.1M
expenses
$460K
net assets
$1.5M
employees
0
volunteers
18
program ratio
76%
mission · from form 990

GROWTH PARTNERS ARIZONA IS A U.S. TREASURY DEPARTMENT- CERTIFIED COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION WITH A MISSION TO PROVIDE ACCESSIBLE, FAIR, AND RESPONSIBLE LOANS AND SUPPORT TO ARIZONA NONPROFITS AND ECONOMICALLY UNDERSERVED SMALL BUSINESSES OUTSIDE THE ECONOMIC MAINSTREAM.

profile · synthesized from sources

Growth Partners Arizona is a Community Development Financial Institution (CDFI) that provides accessible and responsible loans to nonprofits and economically underserved small businesses in Arizona. Since its inception in 2012, the organization has focused on driving economic growth and community revitalization through direct lending and support services.

named programs · 3 · from sources

what they call their work

Capital Compass
A learning and support ecosystem designed to help entrepreneurs understand their operations, build financial confidence, and choose learning pathways that match their goals.
Kiva Tucson Hub
Assists small businesses in accessing nearly $1 million in Kiva loans, providing alternative financing options.
Spark Small Business Program
A character-based lending program for small businesses in Avondale, AZ, focusing on the unique potential and vision of each entrepreneur.
activities · 6 groups

what they do

  • Microloan Programs with Training 8 activities
    • Kiva Loan Facilitation
      Facilitates Kiva loans, having enabled nearly $1 million in loans to nearly 100 small businesses through the Kiva Tucson Hub.
    • Kiva Loan Facilitation
      Facilitates nearly $1 million in Kiva loans to almost 100 small businesses through the Kiva Tucson Hub.
    • Kiva Tucson Hub Facilitation
      Facilitated nearly $1 million in Kiva loans to nearly 100 small businesses through the Kiva Tucson Hub.
    • Small Business and Nonprofit Lending
      Provides small business loans and growth-stage financing, including microloans, to small businesses and nonprofits in Arizona, with a focus on those facing barriers to traditional capital. Loans range from $10,000 to $35,000 with a fixed interest rate of 8.5% and a 3% origination fee. The organization has invested over $10 million in loans and surpassed $2 million in outstanding loans in FY24.
    • Small Business and Nonprofit Lending
      Provides small business loans ranging from $10,000 to $35,000 through programs like the Spark Small Business Program and SPARK, offering flexible, character-based financing with an 8.5% fixed interest rate, 3% origination fee, and $11.00 filing fee. Has invested over $10 million in responsible lending to support small businesses and nonprofits in Arizona.
    • Small Business and Nonprofit Lending
      Provides small business loans and growth-stage financing, including microloans, to small businesses and nonprofits in Arizona, with a focus on those facing barriers to traditional capital. Loans range from $10,000 to $35,000 with a fixed interest rate of 8.5%.
    • Spark Small Business Program
      Operates the Spark Small Business Program, a character-based lending program that provides flexible loans ranging from $10,000 to $35,000 and technical assistance to entrepreneurs, specifically supporting Avondale-based small businesses.
    • Spark Small Business Program
      Operates the Spark Small Business Program, a character-based lending program that provides flexible loans and technical assistance to entrepreneurs, specifically including Avondale-based small businesses. This program offers loans ranging from $10,000 to $35,000.
  • Entrepreneurship Accelerator & Training Programs 4 activities
    • Business Capital Readiness and Financial Education
      Offers a 7-week cohort-style program to help small businesses become capital ready, provides a Capital Compass Assessment to understand capital readiness, and hosts workshops to improve financial knowledge and business strength for local business owners.
    • Business Capital Readiness and Financial Education
      Offers a 7-week cohort-style program to help small businesses become capital ready and provides a Capital Compass Assessment to help businesses understand their capital readiness. The organization also hosts workshops to improve financial knowledge and business strength for local business owners, providing over 700 hours of direct support to nearly 500 clients.
    • Capital Readiness and Business Capacity Building
      Operates a 7-week cohort-style program and hosts workshops to improve financial knowledge and business strength, helping entrepreneurs become capital-ready. Offers the Capital Compass Assessment to evaluate and guide business growth preparedness.
    • Small Business Capital Readiness Programs
      Operates a 7-week cohort-style program and offers a Capital Compass Assessment to help small businesses improve financial knowledge, understand their capital readiness, and prepare for growth.
  • Small Business Loan Fund Management 4 activities
    • Managed Loan Fund Program
      Manages loan funds in partnership with local governments (City of Avondale, City of Tucson, and Cochise County), overseeing nearly $2.6 million in alternative and environmental lending.
    • Managed Loan Fund Program
      Manages nearly $2.6 million in alternative and environmental lending through a Managed Loan Fund program in partnership with the City of Avondale, City of Tucson, and Cochise County.
    • Managed Loan Fund Programs
      Manages nearly $2.6 million in alternative and environmental lending through Managed Loan Fund programs in partnership with the City of Avondale, City of Tucson, and Cochise County.
    • Small Business and Nonprofit Lending
      Provides small business loans, including microloans and growth-stage financing, to help businesses and nonprofits grow, hire, and create community impact. They have invested over $10 million in loans, delivered capital to 156 borrowers, and surpassed $2 million in outstanding loans in FY24.
  • Women's Reentry Job Training and Mentorship 3 activities
    • Support for Televerde Foundation PATHS Programs
      Supports the Televerde Foundation PATHS programs, which assist formerly and currently incarcerated women, contributing to high employment rates and low recidivism among graduates.
    • Support for Televerde Foundation PATHS Programs
      Supports the Televerde Foundation PATHS programs, which provide training and employment opportunities for formerly and currently incarcerated women.
    • Support for Televerde Foundation PATHS programs
      Supports the Televerde Foundation PATHS programs for formerly and currently incarcerated women, which has seen 650 women graduate with high employment rates and low recidivism.
  • CDFI Financial Services & Support 2 activities
    • Direct Support and Technical Assistance to Clients
      Provides over 700 hours of direct support and informal technical assistance to nearly 500 clients, with 92% in CDFI target markets, including support for rebranding strategies and underwriting.
    • Technical Assistance and Direct Support
      Provides over 700 hours of direct support and informal technical assistance to nearly 500 clients, primarily in CDFI target markets, to help them with their business needs and loan applications.
  • Entrepreneur Support with Culinary Focus 1 activity
    • Technical Assistance and Strategic Support
      Provides technical assistance and strategic financing to entrepreneurs and nonprofits, including support for rebranding initiatives such as that of Catalina Council’s Scouting America.
financials · form 990 · fy2021
revenue
Total revenue$1.08M
Contributions & grants$977K91%
Program service revenue$100K9%
Investment income$1K0%
Other revenue$2K
expenses
Total expenses$460K
Program expenses76%
Admin / overhead14%
Fundraising10%
Salaries & benefits$0
Grants paid out$0
Largest expense lineProfessional Fees
balance sheet
Total assets$3.44M
Cash$2.28M
Investments$0
Liabilities$1.99M
Net assets$1.45M
Liquid reserves59.5 mo
3 years on record · 2019–2021 · YoY revenue +68.4%
leadership · form 990 part vii · fy2021

who runs it

paid leadership · 5
NameTitleHours/wkCompensation
GARY MOLENDA VICE CHAIR 1 $303K
LESLI PINTOR EXECUTIVE DIRECTOR 40 $126K
SEAN MURRAY DIRECTOR 1 $1K
EVELYN CASUGA CHAIR 1 $800
JUDIE SCALISE DIRECTOR 1 $500
board members · 7
  • CARRIE REDNOUR — DIRECTOR
  • CLINT MABIE — DIRECTOR
  • FRANK CRUMP — DIRECTOR
  • MAGDALENA VERDUGO — DIRECTOR
  • MIKE HAMMOND — DIRECTOR
  • PEGGY HUTCHISON — SECRETARY/TREASURER
  • ROXANNE VELIZ — DIRECTOR
relationships · 11

who they work with

  • ASU E+I Institute Partner — Partnered to design CORE+, a three-tier digital learning experience.
  • Business Development Finance Corporation (BDFC) Partner — Partnered to provide loan operations support.
  • Catalina Council Scouting America Partner — Provided support and financing for their rebranding strategy.
  • City of Avondale Partner — Partnered to launch the Managed Loan Fund program for alternative and environmental lending.
  • City of Tucson Partner — Partnered to launch the Managed Loan Fund program for alternative and environmental lending.
  • Cochise County Partner — Partnered to launch the Managed Loan Fund program for alternative and environmental lending.
  • Community Foundation for Southern Arizona (CFSA) Partner — Became a supporting organization of CFSA and received back-office support.
  • Community Investment Corporation Partner — Lending partner for accessible, low-interest financing to entrepreneurs.
  • Local First Arizona Partner — Collaborated on the Green Loan Fund to help low-income small businesses reduce utility costs through equipment upgrades.
  • Moonshot AZ Partner — Collaborative partnership to foster economic growth and prosperity in Northern Arizona.
  • Televerde Foundation Partner — Supported PATHS programs since 2020 to help formerly and currently incarcerated women achieve employment and reduce recidivism.