In 2005, 2008, 2012, and 2015 AERIS conducted an audit of PeopleFund. Using the rating tool described below, we are proud to have received an AA + 2 Aeris rating. Aeris guides capital to good. It is the information service for community investors who champion economic justice in underserved markets. Since 2004, Aeris has provided data, analysis and advisory services that support investment in community development financial institutions (CDFIs). Its proprietary CDFI Assessment and Ratings System (CARS®) assesses CDFI impact and financial performance, risk and mitigants. It helps investors evaluate opportunities that meet their impact goals and risk parameters.
Impact Performance: AA
A CDFI in this group has clear alignment of mission, strategies, activities and data that guides its programs and planning. It accurately tracks appropriate output data that indicate that it is using its resources effectively to benefit its target populations or communities in line with its mission. The CDFI uses its data on an ongoing basis to adjust strategies and activities in accordance with its desired impact. It may track a limited number of impact indicators as well, but impact data tracking may not be rigorous or consistent.
Policy Plus: +
Policy change is an integral part of the CDFI’s strategies. The CDFI leads initiatives to change government policy to benefit the community development finance industry or disadvantaged people and communities. The CDFI can provide evidence of its leadership role in recent policy changes that produced benefits beyond additional resources for the CDFI itself, and management can clearly articulate the CDFI’s leadership role in current policy activities.
Financial Strength and Performance: 2
A CDFI in this group is fundamentally sound. It exhibits solid financial strength, performance, and risk management practices relative to its size, complexity, and risk profile. Challenges are well within the board of directors’ and management’s capabilities and willingness to strengthen. The CDFI is stable and is capable of withstanding fluctuations in its operating environment.