# Community Development Fund Advisors, LLC

> Community Development Fund Advisors, LLC is an SEC-registered investment advisory firm, registered since 2015, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated May 20, 2026.

- CRD: 281617
- Filed as: COMMUNITY DEVELOPMENT FUND ADVISORS, LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Filing period: October 2026
- Form ADV filing dated: May 20, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/281617
- AdvisorCensus page: https://advisorcensus.com/firm/community-development-fund-advisors-llc-281617

## Quick answers

**How is Community Development Fund Advisors, LLC compensated?**
On its Form ADV (Item 5.E, October 2026), Community Development Fund Advisors, LLC reports these compensation arrangements: a percentage of assets under its management. The amounts are in Item 5 of its Form ADV Part 2A brochure.

**Is Community Development Fund Advisors, LLC registered with the SEC or a state?**
Community Development Fund Advisors, LLC is an SEC-registered investment advisory firm, registered since 2015. Status as filed: Approved. CRD 281617.

**How much does Community Development Fund Advisors, LLC manage?**
Community Development Fund Advisors, LLC reports $326,440,857 in regulatory assets under management in its Form ADV filing dated May 20, 2026 (100% discretionary).

**How have Community Development Fund Advisors, LLC's assets and staff changed since 2021?**
In the Form ADV data for Community Development Fund Advisors, LLC: Regulatory assets under management: $76,369,971 in the October 2021 data and $326,440,857 in the October 2026 data, up 327%. Total employees: 1 in October 2021 and 2 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Community Development Fund Advisors, LLC serve?**
By number of clients on Form ADV Item 5.D: investment companies (1).

**Does Community Development Fund Advisors, LLC report any disciplinary disclosures?**
Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/281617

**What changed in Community Development Fund Advisors, LLC's recent Form ADV filings?**
In the June 2026 filing data: Regulatory assets under management went from $206,086,597 to $326,440,857 (+58%).

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management

### Regulatory assets under management (Item 5.F)
- Total: $326,440,857
- Discretionary: $326,440,857
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Investment companies | 1 | $326,440,857 |

### Advisory services (Item 5.G)
- Portfolio management for investment companies (and business development companies)

### Firm details
- Registered since: 2015 (10 years)
- Employees: 2 total, 2 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: CT, FL, PA
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- [communitydevelopmentfund.com](https://communitydevelopmentfund.com)

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $76,369,971 | 1 | March 19, 2021 |
| October 2022 | $107,260,483 | 1 | March 25, 2022 |
| October 2023 | $113,547,285 | 1 | March 3, 2023 |
| October 2024 | $133,906,031 | 1 | March 28, 2024 |
| October 2025 | $206,086,597 | 2 | March 31, 2025 |
| October 2026 | $326,440,857 | 2 | May 20, 2026 |

Regulatory assets under management: $76,369,971 in the October 2021 data and $326,440,857 in the October 2026 data, up 327%.
Total employees: 1 in October 2021 and 2 in October 2026.

## Changes in the filing (last 12 months)

### June 2026
- Regulatory assets under management went from $206,086,597 to $326,440,857 (+58%).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Community Development Fund Advisors, LLC (CRD 281617): Form ADV filing data as of October 2026.