Our Mission

Clearinghouse CDFI provides economic opportunities and improves the quality of life for lower-income individuals and communities through innovative and affordable financing that is unavailable in the conventional market.

At Clearinghouse CDFI, we believe in people. We are bound by the core value that individuals in low-income, distressed communities deserve access to adordable capital. The resulting economic opportunity provides both a greater quality of life and hope for future generations.


Douglas J.Bystry

President / CEO

It is hard to imagine a more difficult and challenging year than 2020. The
worldwide pandemic changed the business and economic climate for everyone.
Clearinghouse CDFI was not spared the impact of this crisis. It is often said that
“greatness is measured by how one responds to adversity”. I am extremely proud of our team’s 2020 response – continuing our mission of providing impactful loans, as well as finishing the year with sustained asset size growth while maintaining profitability.

Managing our CDFI during this historic pandemic was a central focus for our
management team in 2020. Approximately 35% of our borrowers were directly
and immediately impacted by the economic shut down. All these borrowers were given a three-month payment deferral allowing them time to navigate their own survival. This action resulted in a significant reduction of income and recognition of a large, but appropriate, reserve against our income statement. The first quarter finished with unprecedented losses, and problems for which we did not have any answers.

Instead of giving up or retreating, we rolled up our sleeves, and got to work. First,we committed $10 million for emergency loans to nonprofit organizations facing extreme hardships. This initiative resulted in Clearinghouse CDFI making our first emergency loan to the Aquarium of the Bay in San Francisco. Thousands of aquatic animals needing food and care were in jeopardy because of a stop in the nonprofit’s revenue. Our emergency loan, completed in just three weeks,saved the animals and the nonprofit organization by providing them precious time to re-organize.

Instead of giving up or retreating, we rolled up our sleeves, and got to work. First,we committed $10 million for emergency loans to nonprofit organizations facing extreme hardships. This initiative resulted in Clearinghouse CDFI making our first emergency loan to the Aquarium of the Bay in San Francisco. Thousands of aquatic animals needing food and care were in jeopardy because of a stop in the nonprofit’s revenue. Our emergency loan, completed in just three weeks,saved the animals and the nonprofit organization by providing them precious time to re-organize.

Douglas J. Bystry
President / CEO

Clearinghouse CDFI’s PPP Loans
are Helping Small Businesses Nationwide:
”Muchas gracias.Ustedes son una institución muy eficiente.Gracias de corazón.” — Rosemead, CA
”Lawrence and everyone was great to work with and hopefully again with another round of PPP loans. It has been really dicult with lockdowns!” — Albuquerque, NM
“Thank you for all you do and have done for me and others during this time. I truly appreciate your patience and taking the time to explain things.”— Eatonton, GA


Clearinghouse CCDFI loans preserve aquarium operations and help safeguard over 24,000 marine animals

Clearinghouse CDFI

Paycheck Protection Program

The Paycheck Protection Program (PPP) was created by the SBA in 2020 to help businesses retain employees and maintain operations during the COVID-19 crisis. To administrate this new and continuously evolving program, Clearinghouse CDFI team members came together in a massive undertaking unlike ever before to help small businesses access critically needed capital.

James Sweeney III, DDS / Oasis Dental - Oakland, CA
4 Jobs Saved $24,087 PPP Loan

$21.24 Million

Total PPP Loans Funded


Businesses Saved


States Serviced


Employees /
Jobs Saved


Average PPP
Loan Amount

“ClearinghouseCDFI treats itsborrowers as Itreat my patientsand people in mylife—the way I wantto be treated.”
— James Sweeney III, DDS

The FVLCRUM Impact:

  • Create Community Ownership
  • Enhance Amenities,Services,Infrastructure
  • Create Generational Wealth
  • Increase Median Incomes


Striving to Decrease the Racial Wealth Gap

FVLCRUM is an off-balance sheet entity created by Clearinghouse CDFI and strongly aligned with the efforts of the Minority Wealth Commission—a national commission dedicated to the eradication of the racial wealth gap.

FVLCRUM was established to focus solely on creating generational wealth in minority communities by creating sustainable paths to wealth.

FVLCRUM will invest a combination of equity and debt in lower middle-market minority-owned businesses with a core sector focus of Government Contracting, Healthcare, and Franchising.

FOCUS: Minority Owned Businesses

  • For-profit Minority Business Owners
  • Nonprofits Managed by or Serving Minority Persons
  • Benefiting Low-income Persons and Communities

2020 Achievements

Capital Magnet Fund Program

Awarded $2 Million from the U.S. Treasury CDFI Fund

Clearinghouse CDFI will use the award to finance the development of affordable housing, targeting projects which benefit homeless and other disenfranchised
populations in CA, AZ, NV, and NM.

Financial Assistance Awards

Awarded $650,000 from the U.S. Treasury CDFI Fund

Clearinghouse CDFI will use the award to increase lending in vulnerable metropolitan areas, with a focus on New Mexico.

Awarded $100,000 in Persistent Poverty Counties - Financial Assistance

Clearinghouse CDFI will use the award to target financing for projects in counties with poverty rates of 20% or more.

Awarded $268,750 in Disability Fund - Financial Assistance

Clearinghouse CDFI will use the award to finance projects assisting individuals with disabilities.

Awarded -


In New Markets Tax Credits (NMTC) Allocation

Pueblo of Laguna (NM)


  • For water related infrastructure: sewage, filtration, and piping
  • Serves six reservation villages in a highly distressed area and creates 40+ jobs

Oakland Civic Center (CA)


  • Rehabilitation of a cultural and historic landmark that was abandoned for 10 years
  • Creates community events/arts space and below-market rents for nonprofits

TERRA Network – Aleutians (AK)


  • Development of a hybrid terrestrial fiber-optic and microwave network
  • Connects Alaska’s most remote regions to critical public resources

CCDFI Ranked #41

in Real Leaders Top 150 Impact Companies in the World

Charitable Giving with Purpose

A.C.T. Strand Theater

San Francisco, CA

Clearinghouse CDFI donated $120,000 to the nonprofit American Conservatory Theater (A.C.T.) Strand Theater. This theater, located on Mission Street in San Francisco, was previously completely renovated through a combination of Clearinghouse CDFI New Markets Tax Credits and Historic Tax Credits.

Clearinghouse CDFI Contributed

$171,982 in Charitable Donations to 30 Recipients:


affordable/ shelter /supportive housing programs


nonprofit food & provision drives


youth scholarships, activities, & development programs


Native American organizations, businesses, & programs


U.S. Veterans, active duty
military, & family programs

Clearinghouse CDFI partnered with Gifts for Good during the 2020 holiday season to provide quality gifts for our partners and friends. These gifts created a ripple effect of positive IMPACTS around the world:
99 Months

of clean drinking water for an individual in the Central African Republic via Water for Good

33 Days

of employment for a low-income artisan in Peru

20 Hours

of employment for a refugee woman rebuilding her life in the U.S.

Empowerment Of Women

full-time employment for 21 Honduran women and scholarship contributions for their children

Clean Drinking Water

contribution via Charity: Water supporting sustainable, community-owned, water-related projects in developing countries

25 Hours

of employment to Goodwill of Southern California for CCDFI’s holiday gift kitting and shipping

PPE for 13 Essential Workers

battling the COVID-19 pandemic via Project Hope, including surgical masks, gowns, and gloves

Our Impact in 2020

  • 3,800 Jobs
    created or retained in 2020; 51% were located in areas of high unemployment
  • $49 Million
    in financing to minority / women-owned or controlled organizations in 2020
  • 1,137 Housing Units
    created in 2020; 57% were designated affordable units
  • $128 Million
    in financing for projects located in low-income communities

CCDFI Borrowers Served 1,180,000 Clients/Customers in 2020:


African American clients in 2020


Latino/Hispanic clients in 2020


Native American/ Native Alaskan clients in 2020

Cumulative Impacts
$1.98 Billion

in cumulative lending since inception

23,000 Jobs

created or retained since inception

2,250 Projects

funded since inception

2.8 Million

total clients/ customers served since inception

$593.6 Million

of New Markets Tax Credits allocation deployed since inception

Our Partners

Gary Dunn – CHAIR
Banking Consultant

Alva Diaz
Wells Fargo Bank

Brian M. Riley
Foothills Bank

Chris Walsh
Partners Bank of California

Claudia Lima

David Levy
Fair Housing Council of OC

Glen Pacheco
Banking Consultant

Jeff Talpas

Kelvin James
Bank of Hope

Lisa Dancsok
Arizona Community Foundation

Mark Rebal
Nano Banc

Pat Neal
Neal Estate, Inc.

Rochelle Mills
Innovative Housing Opportunities

Robert McAuslan
Western Alliance Bancorporation

Susan Montoya
Citizens Business Bank

“I am excited to serve on a board that is committed to serving communities and businesses that are often overlooked by traditional financial institutions. The consistent growth and influence of CCDFI over the years is a testament to theirnimpact and sustainability. I look forward to sharing my perspective with and learning from CCDFI.”

Rochelle MillsInnovative Housing Opportunities

Loan Committee

Glen Pacheco – CHAIR
Banking Consultant

Dino Browne
Las Vegas Urban League

Gary Dunn
Banking Consultant

Peter Hill
Goldwater Bank, N.A.

Patricia Dixon
CalPrivate Bank

Terrin Enssle
Clearinghouse CDFI

Waheed Karim
Banner Bank

Wesley Wolf
Wolf & Company, Inc.

“As a board member, I feel I am making an impact on underserved communities as we offer innovative/diverse financial products that support the unmet credit needs of core clients. This is especially true during the COVID-19 pandemic when CCDFI acted as “financial first responder” by introducing new products that met the ever growing and diverse financial needs of its clients.”

Glen PachecoBanking Consultant

Community / NMTC Advisory Board

David Levy – CHAIR
Fair Housing Council of OC

Andrew Michael
Partnerships for Change

Alan Woo
Santa Ana Unidos

Chris Francis
Visioneering Studios

Delores Brown
CEDC, Inc.

Gerald Sherman
Bar K Management Company

Martina Guilfoil
Chattanooga Neighborhood Enterprise

Stanley Tom
Valley Small Business Development Corp.

Tim Johnson
City of Federal Way

“The pursuit of serving self is vain and filled with false hope. Far better is the privilege of serving others; bringing glory to God in the process.”

Rochelle MillsVisioneering Studios

Native American Advisory Board

Gerald Sherman – CHAIR
Bar K Management Company

Bob Crothers
Citizen Potawatomi Community Development Corporation

David Murray
Dexafit Tempe

Jackson Brossy
Native CDFI Network

Karlene Hunter
Native American Natural Foods

Shawn Nelson
Father Sky & Mother Earth ART

Stephanie Cote
Oweesta Corporation

“It has been an honor to serve on the Clearinghouse CDFI Native Advisory Board and to watch the impact that Clearinghouse has had and continues to have in Native American Country. Clearinghouse has done wonderful things for Native Americans to help them become self-sufficient. I'm proud to be a small part of this wonderful organization.”

Karlene HunterNative American Natural Foods

Arizona Investment Committee

Andrew W. Gordon – CHAIR
Clearinghouse CDFI

Cyndi Franke-Hudson
Wells Fargo Bank

Edward Celaya
ASU Diversity Council

Esperanza Martinez
National Bank of Arizona

Kevin Halloran

Lisa Van Ella
Foothills Bank

Terrin Enssle
Clearinghouse CDFI

Tim R. Bruckner
Western Alliance Bank

“The integrity and dedication of the Clearinghouse CDFI team is evident throughout the organization. It's an honor and a privilege to be part of a group so dedicated to improving the lives of others in our communities.”

Lisa Van EllaFoothills Bank

Arizona Board of Advisors

Andrew W. Gordon – CHAIR
Clearinghouse CDFI

Cody Williams
Maricopa County Justice Courts

Craig K. Williams
Snell & Wilmer LLP

David Castillo
Native Community Capital

Douglas Bystry
Clearinghouse CDFI

Elisa de la Vara
Arizona Community Foundation

Jonathan Koppell
ASU Watts College of Public Service and Community Solutions

Ken Burns
Arizona Commerce Authority

Paul T. Hickman
Arizona Bankers Association

Tim R. Bruckner
Western Alliance Bank

“In this very challenging year, the work of Clearinghouse CDFI has become more important than ever. I’m proud to support this organization that is making a difference in
the lives of Arizonans.”

Ken BurnsArizona Commerce Authority

Asset Review Committee

Glen Pacheco – CHAIR
Banking Consultant

David Sharp
Pacific Western Bank

Elsa Monte
Pacific Western Bank

John Marder
RMA of Orange County

Mark Rebal
Nano Banc

Melinda Costa
Wells Fargo Bank

Wilson Mach
First General Bank

“Clearinghouse CDFI has become a National leader in community finance and I am proud of having had a small role in its evolution. Clearinghouse CDFI has played an important role in the growth of many CRA professional careers, mine included; and in the development of their institution’s successful Community Development programs. Thank you for all the memories and thank you for being a great advocate for community and economic development.”

Elsa MontePacific Western Bank

ALCO Committee

Brian M. Riley – CHAIR
Foothills Bank

Craig Kardokus
First Foundation Bank

David Levy
Fair Housing Council of OC

Michael Solomon
Charles Schwab Bank

Salida Pande
State Bank of India

Steve Herman
California Bank & Trust (Zions)

“Never before has the need been so great for organizations like the Clearinghouse CDFI, which provides low income individuals and disadvantaged communities with affordable financing. It’s an honor to be part of the organization and to see firsthand the positive impacts that the Clearinghouse CDFI has on people’s lives.”

Craig KardokusFirst Foundation Bank

Outreach Committee

Susan Montoya – CHAIR
Citizens Business Bank

Arturo Perez
U.S. Bank

Barbara Boone
Western Alliance Bank

Bruce Gumbiner
Cathay Bank

“Year in and year out Clearinghouse CDFI show themselves to be a superior partner in deploying capital for needed community development projects across the country. I’m glad to do what I can to help with their outreach efforts.”

Arturo PérezU.S. Bank

Our People


Douglas J. Bystry
President / CEO

Andrew W. Gordon
Arizona Market President

Jay Harrison
Chief Investment Officer

Kathy Bonney
Chief Administrative Officer

Kristy Ollendorff
Chief Credit Officer

Terrin Enssle
Chief Financial Officer

Jay Harrison
Chief Investment Officer

Yves M. Mombeleur
Chief Fund Officer

Alanna Smith
Director of Marketing

Amanda Virrey
Commercial Loan Processing Manager

Benjamin Allen
Impact Data Analyst/System Lead

Brian Sagert
Community Development Officer

Cesar Plascencia
Public Affairs Officer

Chris McMartin
Opportunity Fund Manager

Colin Wegener
Assistant Controller

Debra Kramer
Construction Loan Specialist Manager

Ferduesi Ahmed
CRE Portfolio Loan Analyst

Gabriella Brusseau
Receptionist / Office Admin.

Guy Krikorian

Jatin Mehta
Sr. Accountant

Justin Merlette
Assistant Loan Servicing Manager

Kennedy Sandoval
Loan Production Assistant / Jr. BDO

Lacey Dixon
Commerical Loan Funder/Admin. Assistant

Lauren McDonald
Commercial Loan Funder

Lawrence Chavez
New Mexico Market Representative

Lorey Louie
Portfolio Analyst

Lundi Chea
NMTC Asset & Compliance Manager

Mai Ha
Impact Manager

Melissa Johnson
Director of Loan Operations

Michelle Taylor
Loan Servicing Manager

Natasa Radosavljevic
Marketing Specialist

Randy Dixon
Sr. Small Business Underwriter

Ricky Ha
NMTC Staff Accountant

Roscelle Shands
Commercial Loan Funding Manager

Sophia Barcelo
Loan Servicing Specialist

2020 Financials

Total Asset Size:

Clearinghouse CDFI Welcomes Executive Team Members:

Taylor Lajoie
Construction Disbursement

Ted Chien
Underwriting Manager
of California


Brenda J. Rodriguez
AHC Executive Director

Helen Tran
HUD Certified Housing Counselor

Janell Abarca
HUD Certified Housing Counselor

Shipra Bhatia
Programs Coordinator

“Mr. Mombeleur heads the CCDFI FVLCRUM Fund
partnership. He has a diverse background in community development, brand risk management, operations, diversity/inclusion initiatives, and business development. He is an expert facilitator with a community awareness critical to advancing CRA/CSR. Mr. Mombeleur holds an MBA from Lake Forest Graduate School of Management and Jurisprudence from Loyola University Chicago School of Law.”

Yves M. MombeleurChief Fund Officer

“Ms. Bonney is responsible for the operation and administration of the corporation. She oversees Human Resources, CSR, technology, and compliance. She also manages investor relations, including shareholders, creditors, and New Markets Tax Credits participants. Ms. Bonney earned a Master’s Certification in Human Resources from Cornell University and a Master Certificate in Business Management from Master Class Management.”

Kathy BonneyChief Administrative Officer

“Yves Mombeleur brings a wealth of experience and talent to Clearinghouse CDFI. He understands our mission, real estate and nonprofit lending, banking and CRA. Yves has embraced the challenge of leading FVLCRUM and our goal to reduce the minority wealth gap in this country. He is a strong addition to our executive team.”

Douglas J. BystryCCDFI President/CEO

“Kathy Bonney has played an integral role in our growth and success over the past 17 years. With many responsibilities, demonstrating strong initiative and drive, she has certainly earned this corporate promotion. Clearinghouse CDFI is truly fortunate to have Kathy’s unique perspective and strong presence on our executive team.”

Douglas J. BystryCCDFI President/CEO

” Greatness is often measured by

one’s response to Adversity “