Our Executive Team is here to help you succeed. Whether you’re an investor or a borrower, we’re happy to talk.
Doug Bystry has been providing financial services to low-income communities for over 30 years. Mr. Bystry, in his professional career, has successfully raised and deployed over $2 billion for low-income and distressed communities. Much of this capital has been deployed through Clearinghouse Community Development Financial Institution (CDFI), which he founded in 1996 and continues to lead as its President and CEO.
Mr. Bystry is regarded as an innovator and leader in community/economic development and minority wealth strategies. He is one of the co-founders of FVLCRUM Funds, a $300 million fund to reduce the race gap in this country. Mr. Bystry frequently speaks at industry conferences and seminars as an expert in CRA, NMTCs and Native American community revitalization efforts. Over $100 million in projects benefiting Indian Country can be traced to his direct leadership.
Mr. Bystry previously served as a City Council member and Housing Commissioner in the County of Orange, CA. He currently serves on the California Organized Investment Network (COIN) Advisory Board, (California Department of Insurance) working to increase insurance industry community investments. Mr. Bystry serves on several other local nonprofit boards promoting affordable housing and economic development. He is a UCLA graduate, married with two sons.
Andrew Gordon leads Clearinghouse Community Development Financial Institution’s lending activities in Arizona. Prior to joining Clearinghouse CDFI, Mr. Gordon was the founding President of Arizona MultiBank Community Development Corporation, the heritage nonprofit CDFI that served Arizona for over 24 years and preceded the new Arizona MultiBank, a Division of Clearinghouse CDFI.
Before returning to his home state of Arizona in 1991, Mr. Gordon was Senior Vice President of the legacy economic development bank to the New York City Economic Development Corporation.
Mr. Gordon currently serves on the Investment Committee of the Arizona Community Foundation’s Community Impact Loan Fund. He served as Chair of the Phoenix Local Advisory Committee of Local Initiatives Support Corporation (LISC) and Chair of its Credit Committee. Mr. Gordon was a founding Advisory Board member of a U.S. Small Business Administration (SBA) licensed Small Business Investment Company (SBIC) and the SBA has recognized Mr. Gordon as a “Small Business Financial Services Champion of the Year”. Mr. Gordon previously taught the small business lending course at the National Community Development Lending School. Mr. Gordon went to public elementary and high schools in Arizona, is a former VISTA Volunteer and received his Bachelors from Yale College and Masters from Harvard University. As a youth, he worked with his father and grandfather in their family grocery store in downtown Phoenix.
Mr. Krikorian has worked for Clearinghouse CDFI for 16 years in the capacity of Controller. He has worked with and alongside the exceptional Clearinghouse Team to experience the company’s growth from $71 million in Total Assets in 2007 to the current over $700 million. He has been closely involved with the US Treasury Bond Guarantee Program since inception along with the utilization of the FHLB as secure funding source. Prior to joining Clearinghouse, Mr. Krikorian had been in the banking industry for close to 24 years, primarily in the roles of Controller and Accounting/Finance.
Prior to Mr. Harrison’s arrival at Clearinghouse CDFI he had over twenty years of experience in managerial positions in the regulated financial services industry. Most recently he served as the SVP, Treasurer of a six billion dollar, publicly traded financial institution where he managed an investment portfolio of over $1 billion, structured policies and procedures to facilitate liquidity management, asset liability management, budgeting and compliance with various regulatory requirements. Additionally, Mr. Harrison managed over $2 billion of wholesale funding sources including FHLB, State treasury programs and private repurchase agreements. Mr. Harrison initiated and managed the institution’s New Markets Tax Credit (NMTC) program.
Since joining Clearinghouse CDFI in 2007, Mr. Harrison has successfully negotiated and obtained over $400 million of credit facilities for Clearinghouse CDFI. These sources include major money center banks, multiple GSEs and local community banking institutions. Additionally, Mr. Harrison developed two off balance sheet loan pools providing an additional $70 million in funding availability.
As Chief Investment Officer, Mr. Harrison heads the company’s efforts to locate potential NMTC transactions and initiate discussions with borrowers and prospective investors. He works on transaction structure to optimize the use of New Markets Tax Credits and analyzes preliminary community impacts of the proposed project. Mr. Harrison works closely with the Chief Credit Officer during the underwriting process to gather the data and documents needed for analyzing the credit. Since joining Clearinghouse CDFI, the company has successfully closed over $540 million in NMTC transactions.
As Chief Investment Officer, Mr. Harrison is a member of the Senior Executive team and works closely with the President/CEO and Chief Financial Officer to strategically manage the financial operations of the company to include liquidity, asset liability management, strategic planning and budgeting.
Ms. Bonney, as Clearinghouse CDFI’s Chief Administration Officer, and a member of the Executive Management team, is responsible for the business operation and administration of the corporation. She oversees human resources, corporate risk management, technology, and compliance.
Ms. Bonney also manages the investor relations for the company including shareholders, creditors, and New Markets Tax Credit (NMTC) participants. She is responsible for the back administration for the FVLRUM Fund.
Ms. Bonney serves as the Assistant Corporate Secretary for Clearinghouse CDFI and serves on the Partners for Common Good NMTC Advisory Board and on the Freedom Sings USA Board of Directors. Ms. Bonney holds a Masters in Human Resources from Cornell University and a Master Certificate in Business Management. Ms. Bonney has also completed studies in Non-Profit Management.
As Chief Credit Officer for Clearinghouse CDFI, Kristy Ollendorff is involved with all aspects of lending in the low-income communities we serve. On average, eighty-eight percent of Clearinghouse CDFI loans are projects that benefit disadvantaged businesses and/ or communities.
Ms. Ollendorff has over 25 years of experience in underwriting and is regarded as an expert in underwriting community development projects. She is involved with all aspects of lending in the low-income communities Clearinghouse CDFI serves, including nonprofit technical assistance, loan term negotiations, and post close credit issues. She oversees staff under her direction in business development, processing and underwriting the loan requests submitted to the CDFI for consideration.
Ms. Ollendorff understands the flexibility needed to underwrite challenging Core and NMTC community loans. In addition, she works with Loan Servicing regarding all current borrowers experiencing problems making payments.
Ms. Ollendorff is a board member of the Boys & Girls Club of Tustin and serves on the board of El Sol Charter School in Santa Ana. She also served on the MUFG/Union Bank Corporate Social Responsibility Advisory Board. Education: Bachelor of Art, Cal State Polytechnic University of Pomona, School of Business.
Mr. Mombeleur heads the CCDFI FVLCRUM Fund partnership. He is well versed in strategic partner relationship management. His strong analytical background includes risk assessment, budgets, financial management, and negotiation.
Mr. Mombeleur has directed all aspects of lending, capital investment, and loan portfolio management. He is experienced with growing businesses from inception to maturity and developing opportunities to yield sustainable, unrestricted funding sources.
Mr. Mombeleur has diverse background in community development, brand/reputation risk management, diversity/inclusion initiatives, operational management, and business development. He is also an expert facilitator and coach possessing an acute community awareness critical to the advancement of ongoing CRA initiatives and CSR strategies.
Mr. Mombeleur holds an MBA from the Lake Forest Graduate School of Management-Chicago, IL and Jurisprudence from Loyola University Chicago School of Law.