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May 18, 2022
 
Compass Working Capital Names Markita Morris-Louis as CEO
Markita Morris Louis
Markita Morris-Louis

February 12, 2022 — Compass Working Capital, a Boston-based nonprofit that provides coaching services to help families with low incomes build financial assets, recently announced Markita Morris-Louis has assumed responsibility as chief executive officer of the organization.

Morris-Louis succeeds, the Chief Strategy Officer of Compass Working Capital, succeeds Sherry Riva, the organization’s founder who stepped down from her role as CEO after 17 years in the post.

Morris-Louis comes to the CEO role with over 20 years of expertise and experience as an organizational, community, and thought leader in the areas of asset-building, financial coaching, strategy, innovation, housing, legal assistance, and more.

Before joining Compass as chief strategy officer, she served as Interim executive director of the Arts + Business Council for Greater Philadelphia and as senior vice president and general counsel at Clarifi, a nonprofit housing and financial counseling agency.

A lawyer by training, Morris-Louis spent nearly a dozen years in roles related to real estate law, impact litigation, and community development, including several years advocating for fair lending, housing, and employment practices, and supporting affordable housing transactions.

Earlier, she served as the chair of the Affordable Housing Advisory Council in Pittsburgh.

“The opportunity to serve Compass as its CEO is the culmination of my professional and personal commitment to justice and equity for communities of color with low incomes,” said Morris-Louis. “When I first met Sherry several years ago, I felt a deep alignment with the mission and vision of Compass and knew that being its first chief strategy officer would be a career-defining opportunity for me. To now be asked to take on the role of CEO, and build on Sherry’s legacy, is a profound and humbling honor, particularly at this time of incredible opportunity for Compass.”

Morris-Louis has served the organization as its founding chief strategy officer since 2019. Prior to joining the Compass team, she was the organization’s main partner in its expansion outside southern New England, when Compass brought its FSS program model to Philadelphia in 2018.

She earned Bachelor of Arts degree in Africana studies and anthropology from Brown University and a Doctor of Law degree from New York University.

Scott Carmel, board chair of Compass, lauded Riva, noting, “Sherry has served this organization with distinction for 17 years. Compass would not be what it is today without her exceptional and tireless leadership. Although it is bittersweet to see Sherry step down from her role as CEO, the entire board fully supports her decision.

“And, most importantly, we are thrilled to welcome Markita as the next CEO and look forward to working closely with her as Compass continues to pursue its ambitious goals for national scale and impact.”

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