NATIONAL COMMUNITY INVESTMENT FUND IRRV TR: Form 990, tax year 2023
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- Organization
- NATIONAL COMMUNITY INVESTMENT FUND IRRV TR (EIN 36-7120987)
- Tax period
- 2023-01-01 to 2023-12-31
- Filed
- 2024-11-14
- IRS object ID
- 202413199349309706
- Schema version
- 2023v5.1
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2024-11-14T13:22:39-06:00 | ReturnTs |
| Tax Period End | 2023-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 381357951 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | PLANTE & MORAN PLLC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 10 S RIVERSIDE PLAZA 9TH FLOOR | AddressLine1Txt |
| City | CHICAGO | CityNm |
| State Abbreviation | IL | StateAbbreviationCd |
| ZIP | 60606 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2023-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 367120987 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | NATIONAL COMMUNITY INVESTMENT FUND | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | NATI | BusinessNameControlTxt |
| Phone | 3126626096 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 135 S LASALLE STREET 3025 | AddressLine1Txt |
| City | CHICAGO | CityNm |
| State Abbreviation | IL | StateAbbreviationCd |
| ZIP | 60603 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | SAURABH NARAIN | PersonNm |
| Person Title | PRESIDENT & CEO | PersonTitleTxt |
| Phone | 3126626096 | PhoneNum |
| Signature | 2024-11-13 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | Yes (1) | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | DAVID LOWENTHAL | PreparerPersonNm |
| PTIN | P00378651 | PTIN |
| Phone | 3122071040 | PhoneNum |
| Preparation | 2024-11-13 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2023 | TaxYr |
| Build TS | 2024-10-15 13:58:12Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | SAURABH NARAIN | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 135 S LASALLE STREET 3025 | AddressLine1Txt |
| City | CHICAGO | CityNm |
| State Abbreviation | IL | StateAbbreviationCd |
| ZIP | 60603 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $10,984,924 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c | Yes (X) | Organization501cInd |
| Website Address | WWW.NCIF.ORG | WebsiteAddressTxt |
| Type Of Organization Trust | Yes (X) | TypeOfOrganizationTrustInd |
| Formation | 1995 | FormationYr |
| Legal Domicile State | IL | LegalDomicileStateCd |
| Activity Or Mission | NATIONAL COMMUNITY INVESTMENT FUND (NCIF), WWW.NCIF.ORG, IS A NATIONAL NONPROFIT 501(C)(4) COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION (CDFI) FORMED IN 1996 WITH A MISSION TO INCREASE ACCESS TO RESPONSIBLE FINANCIAL PRODUCTS AND SERVICES IN UNDERSERVED COMMUNITIES. IN 2021, NCIF SET UP NCIF NFP INC AS A SUPPORTING 501(C)(3) NONPROFIT ORGANIZATION TO HELP RAISE FUNDING, CHARITABLE CONTRIBUTIONS, PATIENT DEBT TO FINANCE ACTIVITIES THAT WILL GENERATE IMPACT IN UNDERSERVED LOW-INCOME COMMUNITIES, CATALYZE EMPLOYMENT, AND CONTRIBUTE TO THE REDUCTION OF THE RACIAL WEALTH GAP. AS OF DECEMBER 31, 2023, NCIF AND ITS CONSOLIDATED SUBSIDIARIES HAD TOTAL ASSETS ON BALANCE SHEET OF $62 MILLION. WITH $167 MILLION OF NEW MARKETS TAX CREDITS (NMTC) ALLOCATIONS OUTSTANDING, TOTAL ASSETS UNDER MANAGEMENT WAS $238 MILLION AT DECEMBER 31, 2023. | ActivityOrMissionDesc |
| Voting Members Governing Body | 6 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 5 | VotingMembersIndependentCnt |
| Total Employee | 0 | TotalEmployeeCnt |
| Total Volunteers | 0 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $703,530 | PYContributionsGrantsAmt |
| CY Contributions Grants | $5,619,678 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $3,501,735 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $3,985,996 | CYProgramServiceRevenueAmt |
| PY Investment Income | $1,135,277 | PYInvestmentIncomeAmt |
| CY Investment Income | $628,312 | CYInvestmentIncomeAmt |
| PY Other Revenue | $0 | PYOtherRevenueAmt |
| CY Other Revenue | $0 | CYOtherRevenueAmt |
| PY Total Revenue | $5,340,542 | PYTotalRevenueAmt |
| CY Total Revenue | $10,233,986 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $25,000 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $25,000 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $81,277 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $76,250 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $137,545 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $3,517,000 | PYOtherExpensesAmt |
| CY Other Expenses | $4,258,381 | CYOtherExpensesAmt |
| PY Total Expenses | $3,623,277 | PYTotalExpensesAmt |
| CY Total Expenses | $4,359,631 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $1,717,265 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $5,874,355 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $57,754,218 | TotalAssetsBOYAmt |
| Total Assets EOY | $61,723,118 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $27,217,893 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $26,605,859 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $30,536,325 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $35,117,259 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | NATIONAL COMMUNITY INVESTMENT FUND INVESTS AND LENDS CAPITAL THAT INCREASES ACCESS TO RESPONSIBLE FINANCIAL PRODUCTS AND SERVICES, SEE SCHEDULE O FOR CONTINUATIONCATALYZE THE DEVELOPMENT OF PROJECTS THAT PROVIDE ECONOMIC OPPORTUNITIES, AND IMPROVE THE QUALITY OF LIFE IN UNDERSERVED COMMUNITIES NATIONALLY. NCIF COMPLEMENTS ITS INVESTING AND LENDING ACTIVITIES WITH KNOWLEDGE TRANSFER AND TECHNICAL ASSISTANCE TO SCALE IMPACT. NCIF SEEKS TO GENERATE BALANCED SOCIAL AND FINANCIAL RETURNS TO ENHANCE LONG TERM SUSTAINABILITY. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $2,391,788 | ExpenseAmt |
| Grant | $25,000 | GrantAmt |
| Revenue | $3,033,324 | RevenueAmt |
| Desc | NMTC AND LENDING: THE NMTC PROGRAM WAS CREATED BY THE CDFI FUND TO CATALYZE ECONOMIC DEVELOPMENT INVESTMENT INTO ECONOMICALLY DISTRESSED, LOW-INCOME COMMUNITIES. WITH THE NMTC PROGRAM, NCIF FACILITATES LENDING TO PROJECTS LOCATED IN UNDERSERVED MARKETS AND ENABLES OUR NETWORK BANK PARTNERS TO BOOK HIGH QUALITY LOANS. NCIF HAS BEEN AWARDED A TOTAL OF $401 MILLION IN NMTC ALLOCATIONS SINCE 2003. AS OF DECEMBER 31, 2023, NCIF HAS CLOSED 54 DEALS UTILIZING $366 MILLION OF ITS NMTC ALLOCATION. SEE SCHEDULE O FOR CONTINUATIONIN 2019, NCIF CREDIT STRATEGIES FUND LLC RECEIVED INITIAL LOAN COMMITMENTS OF $15 MILLION FROM FIVE FINANCIAL INSTITUTIONS. THE LOAN COMMITMENTS WERE MADE TO BUILD THE LENDING LINE OF BUSINESS. DURING 2022, NCIF HAS RAISED AN ADDITIONAL $15 MILLION TO FURTHER ITS MISSION GOALS. AS OF 12/31/2023, NCIF HAD BORROWED $29.9 MILLION OF THE $30 MILLION LOAN COMMITMENTS AND DEPLOYED $26.3 MILLION IN THE FORM OF LOANS TO BUSINESSES IN UNDERSERVED MARKETS. | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $889,530 | ExpenseAmt |
| Revenue | $1,014,827 | RevenueAmt |
| Desc | EQUITY INVESTING: AS OF 12/31/2023, NCIF AND CSF'S PORTFOLIO CONSISTS OF EQUITY INVESTMENTS OF $14.7 MILLION IN 19 MOFIS THROUGHOUT THE NATION. NCIF AND CSF RECEIVES REVENUE IN THE FORM OF INTEREST, DIVIDENDS, AND CAPITAL GAINS UPON SALE FROM DIRECT INVESTMENTS. | Desc |
Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $82,970 | ExpenseAmt |
| Revenue | $566,157 | RevenueAmt |
| Desc | NCIF FOCUSES ON COMPLEMENTING ITS FINANCIAL PRODUCTS AND SERVICES WITH DEVELOPMENTAL PROGRAM SERVICES TO HELP SUPPORT AND BUILD THE SECTOR. ACTIVITIES IN THE PAST HAVE INCLUDED ANNUAL DEVELOPMENT BANKING CONFERENCES WHERE WE HAVE BROUGHT INVESTORS, CDFI AND MDI BANKS, REGULATORS AND TECHNOLOGY FOLKS TO INCREASE EFFICIENCIES IN THE NCIF NETWORK. IN ADDITION, WE HAVE FOSTERED NEW PRODUCT DEVELOPMENT AND TRAINING (E.G. NCIF WAS THE SOLE CONTRACTOR OF THE CDFI FUND FOR MDI NMTC TRAINING PROGRAM). SEE SCHEDULE O FOR CONTINUATIONNCIF ALSO PROVIDES TRANSACTION AND FINANCIAL ADVISORY SUPPORT TO CURRENT AND POTENTIAL BORROWERS FROM LOW-INCOME COMMUNITIES OR BUSINESSES WITHIN THESE AREAS TO PROMOTE ECONOMIC AND COMMUNITY DEVELOPMENT. THESE SERVICES AIM TO MAXIMIZE THE IMPACT OF NMTC-FUNDED PROJECTS AND ENSURE THEY CREATE LASTING, MEANINGFUL BENEFITS FOR THE TARGET COMMUNITIES.FINALLY, NCIF REGULARLY CREATES THE CDFI BANKING INDUSTRY PEER GROUP REPORT TO SUPPORT THE SECTOR ANALYZE ITS PERFORMANCE RELATIVE TO THEIR PEERS. | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expenses | $3,364,288 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | 0 | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | 0 | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | 0 | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | Yes (1) | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | 0 | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | Yes (1) | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | Yes (1) | GrantsToOrganizationsInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | 0 | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | 0 | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | Yes (1) | DisregardedEntityInd |
| Related Entity | Yes (1) | RelatedEntityInd |
| Related Organization Ctrl Ent | Yes (1) | RelatedOrganizationCtrlEntInd |
| Transaction With Control Ent | 0 | TransactionWithControlEntInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 14 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 0 | EmployeeCnt |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | 0 | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 6 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 5 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | Yes (1) | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | 0 | MembersOrStockholdersInd |
| Election Of Board Members | 0 | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | IL | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | WENEIS CHAN CONTROLLER | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 3126626099 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 135 S LASALLE STREET SUITE 3025 | AddressLine1Txt |
| City | CHICAGO | CityNm |
| State Abbreviation | IL | StateAbbreviationCd |
| ZIP | 60603 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (11 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Key EmployeeKeyEmployeeInd | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|---|---|
| CARLTON JENKINS | |||||||||
| CHAIR | 2.50 | 0.00 | Yes (X) | Yes (X) | $20,000 | $0 | $0 | ||
| VICTOR ELMORE | |||||||||
| TRUSTEE | 2.00 | 0.00 | Yes (X) | $15,000 | $0 | $0 | |||
| BRENDA ROSS-DULAN | |||||||||
| TRUSTEE | 2.00 | 0.00 | Yes (X) | $15,000 | $0 | $0 | |||
| ROBERT SCHALL | |||||||||
| TRUSTEE | 2.00 | 0.00 | Yes (X) | $15,000 | $0 | $0 | |||
| GEORGE SURGEON | |||||||||
| TRUSTEE | 2.00 | 0.00 | Yes (X) | $11,250 | $0 | $0 | |||
| SAURABH NARAIN | |||||||||
| PRESIDENT & CEO | 40.00 | 0.00 | Yes (X) | Yes (X) | $0 | $440,299 | $43,607 | ||
| WENEIS CHAN | |||||||||
| VP & CONTROLLER | 40.00 | 0.00 | Yes (X) | $0 | $205,153 | $8,296 | |||
| CHRISTOPHER MALEHORN | |||||||||
| VICE PRESIDENT, INVESTING | 40.00 | 0.00 | $0 | $198,601 | $8,255 | Yes (X) | |||
| SOLANKE SHONUKAN | |||||||||
| DIRECTOR, PORTFOLIO & COMP | 40.00 | 0.00 | $0 | $172,012 | $32,774 | Yes (X) | |||
| RYAN JUHAS | |||||||||
| ASSISTANT CONTROLLER | 40.00 | 0.00 | $0 | $133,420 | $12,203 | Yes (X) | |||
| WALTER POSTLEWAIT | |||||||||
| VICE PRESIDENT, LENDING - TERM | 40.00 | 0.00 | $0 | $113,602 | $2,804 | Yes (X) | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $76,250 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $1,263,087 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $107,939 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 0 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (2 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| NCIF MANAGEMENT INC | |||||
| 135 S LASALLE STREET SUITE 3025 | CHICAGO | IL | 60603 | MANAGEMENT SERVICES | $2,927,584 |
| NOVOGRADAC & COMPANY LLP | |||||
| 246 FIRST STREET | SAN FRANCISCO | CA | 94105 | ACCOUNTING & TAX | $245,875 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 2 | CntrctRcvdGreaterThan100KCnt |
| Government Grants | $5,619,678 | GovernmentGrantsAmt |
| Total Contributions | $5,619,678 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (4 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| INTEREST INCOME | 522291 | $2,118,527 | $2,118,527 |
| NMTC FEE INCOME | 525990 | $1,421,373 | $1,421,373 |
| INCOME FROM INVESTMENT | 523000 | $386,516 | $386,516 |
| LOAN FEE INCOME | 522291 | $59,580 | $59,580 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $3,985,996 | TotalProgramServiceRevenueAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $1,379,250 | SecuritiesAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $750,938 | SecuritiesAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $628,312 | SecuritiesAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $628,312 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $628,312 | RelatedOrExemptFuncIncomeAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $10,233,986 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $4,614,308 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $0 | ExclusionAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $25,000 | TotalAmt |
| Program Services | $25,000 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $76,250 | TotalAmt |
| Management And General | $76,250 | ManagementAndGeneralAmt |
Fees For Services Management FeesForServicesManagementGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,927,584 | TotalAmt |
| Program Services | $2,224,963 | ProgramServicesAmt |
| Management And General | $614,793 | ManagementAndGeneralAmt |
| Fundraising | $87,828 | FundraisingAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $126,657 | TotalAmt |
| Program Services | $75,180 | ProgramServicesAmt |
| Management And General | $6,189 | ManagementAndGeneralAmt |
| Fundraising | $45,288 | FundraisingAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $112,660 | TotalAmt |
| Program Services | $43,703 | ProgramServicesAmt |
| Management And General | $68,957 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $96,430 | TotalAmt |
| Program Services | $95,800 | ProgramServicesAmt |
| Management And General | $630 | ManagementAndGeneralAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $21,457 | TotalAmt |
| Program Services | $14,725 | ProgramServicesAmt |
| Management And General | $6,151 | ManagementAndGeneralAmt |
| Fundraising | $581 | FundraisingAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $6,168 | TotalAmt |
| Program Services | $4,688 | ProgramServicesAmt |
| Management And General | $1,295 | ManagementAndGeneralAmt |
| Fundraising | $185 | FundraisingAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $787,426 | TotalAmt |
| Program Services | $787,426 | ProgramServicesAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $58,636 | TotalAmt |
| Program Services | $44,563 | ProgramServicesAmt |
| Management And General | $12,314 | ManagementAndGeneralAmt |
| Fundraising | $1,759 | FundraisingAmt |
Other Expenses OtherExpensesGrp (2 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt | FundraisingFundraisingAmt |
|---|---|---|---|---|
| DUES AND FEES | $63,485 | $48,240 | $13,341 | $1,904 |
| BAD DEBT EXPENSE | $57,878 | $57,878 |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,359,631 | TotalAmt |
| Program Services | $3,364,288 | ProgramServicesAmt |
| Management And General | $857,798 | ManagementAndGeneralAmt |
| Fundraising | $137,545 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $18,985,481 | BOYAmt |
| EOY | $13,064,211 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $302,723 | BOYAmt |
| EOY | $5,729,461 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $123,470 | BOYAmt |
| EOY | $133,746 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $25,141,327 | BOYAmt |
| EOY | $28,043,533 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $28,838 | BOYAmt |
| EOY | $29,798 | EOYAmt |
Investments Program Related InvestmentsProgramRelatedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $13,172,379 | BOYAmt |
| EOY | $14,722,369 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $57,754,218 | BOYAmt |
| EOY | $61,723,118 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $284,461 | BOYAmt |
| EOY | $378,278 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $26,683,658 | BOYAmt |
| EOY | $25,933,199 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $249,774 | BOYAmt |
| EOY | $294,382 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $27,217,893 | BOYAmt |
| EOY | $26,605,859 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $30,047,550 | BOYAmt |
| EOY | $34,667,259 | EOYAmt |
Donor Restriction Net Assets DonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $488,775 | BOYAmt |
| EOY | $450,000 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $30,536,325 | BOYAmt |
| EOY | $35,117,259 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $57,754,218 | BOYAmt |
| EOY | $61,723,118 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $5,874,355 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | -$1,179,497 | NetUnrlzdGainsLossesInvstAmt |
| Prior Period Adjustments | -$969 | PriorPeriodAdjustmentsAmt |
| Other Changes In Net Assets | -$112,955 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Consolidated Basis Fincl Stmt | Yes (X) | ConsolidatedBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $0 | TotalBookValueLandBuildingsAmt |
Invst Program Related Org InvstProgramRelatedOrgGrp (4 entries)
| DescDesc | Book ValueBookValueAmt | Method ValuationMethodValuationCd |
|---|---|---|
| EQUITY INVESTMENTS IN CDFIS | $5,428,330 | F |
| EQUITY INVESTMENTS IN CDFIS | $9,288,763 | C |
| INVESTMENT IN NCIF CAPITAL, LLC | $25,206 | C |
| INVESTMENT IN NCIF NFP INC | -$19,930 | C |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Program Rltd | $14,722,369 | TotalBookValueProgramRltdAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (2 entries)
| DescDesc | AmtAmt |
|---|---|
| DUE TO RELATED PARTIES | $236,603 |
| OTHER LIABILITIES | $57,779 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $294,382 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART X, LINE 2: | FormAndLineReferenceDesc |
| Explanation | NATIONAL COMMUNITY INVESTMENT FUND IS GENERALLY EXEMPT FROM FEDERAL INCOME TAX PURSUANT TO SECTION 501(C)(4) OF THE INTERNAL REVENUE CODE. NCIF CREDIT STRATEGIES FUND LLC IS A SINGLE MEMBER LIMITED LIABILITY COMPANY DISREGARDED AS AN ENTITY SEPARATE FROM NATIONAL COMMUNITY INVESTMENT FUND FOR FEDERAL TAX PURPOSES. MANAGEMENT HAS DETERMINED THAT NCIF WAS NOT REQUIRED TO RECORD A LIABILITY RELATED TO UNCERTAIN TAX POSITIONS AS OF DECEMBER 31, 2023 AND 2022. | ExplanationTxt |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Recipient Table RecipientTable
Recipient Business Name RecipientBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | URBAN LEAGUE OF ESSEX COUNTY | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 508 CENTRAL AVENUE | AddressLine1Txt |
| City | NEWARK | CityNm |
| State Abbreviation | NJ | StateAbbreviationCd |
| ZIP | 07107 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash Grant | $25,000 | CashGrantAmt |
| Non Cash Assistance | $0 | NonCashAssistanceAmt |
| Purpose Of Grant | ULEC NMTC PROJECT | PurposeOfGrantTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total501c3 Org | 0 | Total501c3OrgCnt |
| Total Other Org | 1 | TotalOtherOrgCnt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 2: | FormAndLineReferenceDesc |
| Explanation | NCIF ISSUED THE GRANT PAYMENT AFTER THE GRANT RECIPIENT PROVIDED NCIF WITH A COPY OF AN EXPENSE INVOICE CONFIRMING THE INTENDED USE OF THE FUNDS. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | 0 | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | 0 | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | 0 | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | 0 | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | 0 | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | Yes (1) | AnyNonFixedPaymentsInd |
| Initial Contract Exception | 0 | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (4 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| SAURABH NARAIN | ||||||||||||||
| PRESIDENT & CEO | $0 | $251,851 | $0 | $188,448 | $0 | $0 | $0 | $13,200 | $0 | $30,407 | $0 | $483,906 | $0 | $0 |
| WENEIS CHAN | ||||||||||||||
| VP & CONTROLLER | $0 | $147,928 | $0 | $56,175 | $0 | $1,050 | $0 | $8,296 | $0 | $0 | $0 | $213,449 | $0 | $0 |
| CHRISTOPHER MALEHORN | ||||||||||||||
| VICE PRESIDENT, INVESTING | $0 | $177,799 | $0 | $19,602 | $0 | $1,200 | $0 | $0 | $0 | $8,255 | $0 | $206,856 | $0 | $0 |
| SOLANKE SHONUKAN | ||||||||||||||
| DIRECTOR, PORTFOLIO & COMP | $0 | $121,156 | $0 | $49,656 | $0 | $1,200 | $0 | $7,184 | $0 | $25,590 | $0 | $204,786 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART I, LINE 3 | COMPENSATION OF THE PRESIDENT/CEO IS PAID BY RELATED ORGANIZATION, NCIF MANAGEMENT, INC. HOWEVER, THE COMPENSATION PAID TO THE PRESIDENT/CEO IS DETERMINED BY THE TRUSTEES OF NCIF USING MARKET INFORMATION. |
| PART I, LINE 7 | AS INDICATED IN SCHEDULE J, PART II, OFFICERS, KEY EMPLOYEES AND OTHER EMPLOYEES OF THE ORGANIZATION RECEIVED A BONUS BASED ON PERFORMANCE AND THE FINANCIAL RESULTS OF THE ORGANIZATION. THIS BONUS WAS APPROVED BY THE TRUSTEES OF NCIF. |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (8 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART I, LINE 1, DESCRIPTION OF ORGANIZATION'S MISSION (CONTINUED) | NCIF ACHIEVES ITS MISSION VIA 3 COMPLEMENTARY BUSINESS LINES: 1. EQUITY INVESTING AND DEPOSITS IN MISSION-ORIENTED CDFIS, MINORITY DEPOSITORY INSTITUTIONS (MDIS), AND MISSION-ORIENTED FINANCIAL INSTITUTIONS (MOFIS) AS AGENTS OF CHANGE. EQUITY INVESTMENTS ARE LEVERAGED 10 TIMES BY THESE INSTITUTIONS TO MAKE LOANS AND PROVIDE DEPOSITORY SERVICES IN UNDERSERVED MARKETS. 2. NEW MARKETS TAX CREDITS: SINCE 2003, NCIF HAS RECEIVED $401 MILLION IN NMTC ALLOCATIONS THAT ARE BEING DEPLOYED INTO REAL ESTATE, OPERATING COMPANIES, HEALTH CARE FACILITIES, SCHOOLS, OTHER NONPROFIT AND FOR-PROFIT IMPACT-ORIENTED BUSINESSES IN PARTNERSHIP WITH LOCAL CDFI INSTITUTIONS. 3. LENDING: IN 2019, NCIF LAUNCHED A 100% OWNED SUBSIDIARY CALLED NCIF CREDIT STRATEGIES FUND (CSF). NCIF AND CSF MAKE LOANS IN PARTNERSHIP WITH CDFIS, MDIS, AND MOFIS TO ENHANCE THE IMPACT OF PROJECTS THAT BENEFIT UNDERSERVED COMMUNITIES. IMPACT MEASUREMENT IS THE FOUNDATION OF NCIF'S WORK AND SUPPORTS ALL OF OUR BUSINESS LINES. NCIF PIONEERED THE USE OF SOCIAL PERFORMANCE METRICS (SEE WWW.BANKIMPACT.ORG) AND IS DEVELOPING A CLOUD-BASED CORE DATA PLATFORM TO SUPPORT DATA ANALYTICS THAT WILL FURTHER INCREASE THE FLOW OF CAPITAL IN LOW- AND MODERATE-INCOME AND MINORITY COMMUNITIES. |
| FORM 990, PART V, LINE 2A AND PART VII: | NCIF HAS DELEGATED THE SERVICES OF NCIF AND CSF TO NCIF MANAGEMENT, INC, A SUBSIDIARY 100% OWNED BY NCIF. THE EMPLOYEES OF NCIF MANAGEMENT, INC. ARE CO-EMPLOYEES OF INSPERITY, A PROFESSIONAL EMPLOYER ORGANIZATION (PEO). |
| FORM 990, PART VI, SECTION A, LINE 3 | NCIF AND CSF SIGNED A SERVICE AGREEMENT WITH NCIF MANAGEMENT, INC. FOR THE PURPOSE OF PROVIDING ADMINISTRATIVE AND MANAGEMENT SERVICES TO NCIF AND CSF. NCIF MANAGEMENT, INC. IS 100% OWNED SUBSIDIARY OF NCIF. AS SUCH, THE TRUSTEES OF NCIF ARE ALSO THE TRUSTEES OF NCIF MANAGEMENT, INC. AND HAVE FULL RESPONSIBILITY OF MANAGING NCIF MANAGEMENT INC. |
| FORM 990, PART VI, SECTION B, LINE 11B | THE FORM 990 IS REVIEWED IN DETAIL BY AT LEAST TWO MEMBERS OF THE NCIF MANAGEMENT TEAM. A COMPLETE COPY OF THE FORM 990 IS PROVIDED TO THE FINANCE & AUDIT COMMITTEE AS WELL AS ALL TRUSTEES PRIOR TO FILING. |
| FORM 990, PART VI, SECTION B, LINE 12C | THE TRUSTEES AND OFFICERS OF NCIF AND NCIF MANAGEMENT, INC. COMPLETE ANNUAL QUESTIONNAIRES DISCLOSING ANY CONFLICT OF INTEREST. THE DETERMINATION OF WHETHER A CONFLICT EXISTS IS ON A SELF-MONITORED BASIS BY EACH INDIVIDUAL. THE BOARD HAS ADOPTED A FORMAL POLICY FOR REVIEWING AND AFFIRMING ACTIONS WHEN THERE IS A CONFLICT OF INTEREST. WHERE A CONFLICT EXISTS, THAT INDIVIDUAL WOULD BE EXCLUDED FROM PARTICIPATION IN VOTING AND DECISION MAKING. ON AN ONGOING BASIS, THESE INDIVIDUALS WOULD INFORM THE BOARD AND THE GOVERNANCE COMMITTEE OF POTENTIAL CONFLICTS AND RECUSE THEMSELVES FROM SUCH BUSINESS MATTERS. |
| FORM 990, PART VI, SECTION B, LINE 15 | THE CHAIR OF THE TRUSTEES DETERMINES COMPENSATION FOR THE PRESIDENT AND CEO, BASED ON MARKET INFORMATION. COMPENSATION IS SUBSEQUENTLY APPROVED BY THE FULL BOARD OF TRUSTEES. FURTHERMORE, THE PRESIDENT AND CEO DETERMINES COMPENSATION FOR ALL STAFF INCLUDING KEY EMPLOYEES. THE DETERMINATION FOR COMPENSATION IS BASED ON ANNUAL PERFORMANCE, JOB REQUIREMENTS, AND CURRENT DATA ON THE EMPLOYMENT MARKET. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE FINANCIAL STATEMENTS ARE PUBLICLY DISCLOSED ON THE ORGANIZATION'S WEBSITE. THE GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE TO THE GENERAL PUBLIC UPON REQUEST. |
| FORM 990, PART XI, LINE 9: | AMORTIZATION OF LOAN DISCOUNT -13,775. CHANGE IN ACCOUNTING PRINCIPLE -99,180. |
Schedule R IRS990ScheduleR
Id Disregarded Entities IdDisregardedEntitiesGrp (2 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Total IncomeTotalIncomeAmt | End Of Year AssetsEndOfYearAssetsAmt | Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt |
|---|---|---|---|---|---|---|---|---|---|
| NCIF CREDIT STRATEGIES FUND LLC | |||||||||
| 135 S LASALLE STREET SUITE 3025 | CHICAGO | IL | 60603 | 842147222 | LENDING AND INVESTING | IL | $2,808,055 | $45,215,729 | NATIONAL COMMUNITY INVESTMENT FUND |
| NCIF CSF MANAGING MEMBER LLC | |||||||||
| 135 S LASALLE STREET SUITE 3025 | CHICAGO | IL | 60603 | 842133614 | HOLDING COMPANY - INVESTMENT IN NCIF CREDIT STRATEGIES FUND LLC | IL | $1,443,140 | $18,858,405 | NATIONAL COMMUNITY INVESTMENT FUND |
Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp
Disregarded Entity Name DisregardedEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | NCIF NFP INC | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 135 S LASALLE STREET SUITE 3025 | AddressLine1Txt |
| City | CHICAGO | CityNm |
| State Abbreviation | IL | StateAbbreviationCd |
| ZIP | 60603 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 861472254 | EIN |
| Primary Activities | FUNDRAISING | PrimaryActivitiesTxt |
| Legal Domicile State | IL | LegalDomicileStateCd |
| Exempt Code Section | 501(C)(3) | ExemptCodeSectionTxt |
| Public Charity Status | LINE 12B, II | PublicCharityStatusTxt |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | NATIONAL COMMUNITY INVESTMENT FUND | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Controlled Organization | Yes (1) | ControlledOrganizationInd |
Id Related Org Txbl Partnership IdRelatedOrgTxblPartnershipGrp (30 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Direct Controlling NADirectControllingNACd | Disproportionate AllocationsDisproportionateAllocationsInd | General Or Managing PartnerGeneralOrManagingPartnerInd |
|---|---|---|---|---|---|---|---|---|---|
| NCIF NEW MARKETS CAPITAL FUND XXIII CDE LLC | |||||||||
| 135 S LASALLE STREET SUITE 3025 | CHICAGO | IL | 60603 | 471466753 | INVESTING IN LOW-INCOME COMMUNITIES | DE | N/A | 0 | 0 |
| NCIF NEW MARKETS CAPITAL FUND XXIV CDE LLC | |||||||||
| 135 S LASALLE STREET SUITE 3025 | CHICAGO | IL | 60603 | 471478925 | INVESTING IN LOW-INCOME COMMUNITIES | DE | N/A | 0 | 0 |
| NCIF NEW MARKETS CAPITAL FUND XXV CDE LLC | |||||||||
| 135 S LASALLE STREET SUITE 3025 | CHICAGO | IL | 60603 | 471489505 | INVESTING IN LOW-INCOME COMMUNITIES | DE | N/A | 0 | 0 |
| NCIF NEW MARKETS CAPITAL FUND XXVI CDE LLC | |||||||||
| 135 S LASALLE STREET SUITE 3025 | CHICAGO | IL | 60603 | 471492609 | INVESTING IN LOW-INCOME COMMUNITIES | DE | N/A | 0 | 0 |
| NCIF NEW MARKETS CAPITAL FUND XXVII CDE LLC | |||||||||
| 135 S LASALLE STREET SUITE 3025 | CHICAGO | IL | 60603 | 471507597 | INVESTING IN LOW-INCOME COMMUNITIES | DE | N/A | 0 | 0 |
| NCIF NEW MARKETS CAPITAL FUND XXVIII CDE LLC | |||||||||
| 135 S LASALLE STREET SUITE 3025 | CHICAGO | IL | 60603 | 471543299 | INVESTING IN LOW-INCOME COMMUNITIES | DE | N/A | 0 | 0 |
| NCIF NEW MARKETS CAPITAL FUND XXIX CDE LLC | |||||||||
| 135 S LASALLE STREET SUITE 3025 | CHICAGO | IL | 60603 | 820759553 | INVESTING IN LOW-INCOME COMMUNITIES | DE | N/A | 0 | 0 |
| NCIF NEW MARKETS CAPITAL FUND XXX CDE LLC | |||||||||
| 135 S LASALLE STREET SUITE 3025 | CHICAGO | IL | 60603 | 820772137 | INVESTING IN LOW-INCOME COMMUNITIES | DE | N/A | 0 | 0 |
| NCIF NEW MARKETS CAPITAL FUND XXXI CDE LLC | |||||||||
| 135 S LASALLE STREET SUITE 3025 | CHICAGO | IL | 60603 | 820796633 | INVESTING IN LOW-INCOME COMMUNITIES | DE | N/A | 0 | 0 |
| NCIF NEW MARKETS CAPITAL FUND XXXII CDE LLC | |||||||||
| 135 S LASALLE STREET SUITE 3025 | CHICAGO | IL | 60603 | 820822619 | INVESTING IN LOW-INCOME COMMUNITIES | DE | N/A | 0 | 0 |
| NCIF NEW MARKETS CAPITAL FUND XXXIII CDE LLC | |||||||||
| 135 S LASALLE STREET SUITE 3025 | CHICAGO | IL | 60603 | 820828842 | INVESTING IN LOW-INCOME COMMUNITIES | DE | N/A | 0 | 0 |
| NCIF NEW MARKETS CAPITAL FUND XXXIV CDE LLC | |||||||||
| 135 S LASALLE STREET SUITE 3025 | CHICAGO | IL | 60603 | 820855006 | INVESTING IN LOW-INCOME COMMUNITIES | DE | N/A | 0 | 0 |
| NCIF NEW MARKETS CAPITAL FUND XXXV CDE LLC | |||||||||
| 135 S LASALLE STREET SUITE 3025 | CHICAGO | IL | 60603 | 820863127 | INVESTING IN LOW-INCOME COMMUNITIES | DE | N/A | 0 | 0 |
| NCIF NEW MARKETS CAPITAL FUND XXXVI CDE LLC | |||||||||
| 135 S LASALLE STREET SUITE 3025 | CHICAGO | IL | 60603 | 820893135 | INVESTING IN LOW-INCOME COMMUNITIES | DE | N/A | 0 | 0 |
| NCIF NEW MARKETS CAPITAL FUND XXXVII CDE LLC | |||||||||
| 135 S LASALLE STREET SUITE 3025 | CHICAGO | IL | 60603 | 820917783 | INVESTING IN LOW-INCOME COMMUNITIES | DE | N/A | 0 | 0 |
| NCIF NEW MARKETS CAPITAL FUND XXXVIII CDE LLC | |||||||||
| 135 S LASALLE STREET SUITE 3025 | CHICAGO | IL | 60603 | 820929280 | INVESTING IN LOW-INCOME COMMUNITIES | DE | N/A | 0 | 0 |
| NCIF NEW MARKETS CAPITAL FUND 39 CDE LLC | |||||||||
| 135 S LASALLE STREET SUITE 3025 | CHICAGO | IL | 60603 | 842437244 | INVESTING IN LOW-INCOME COMMUNITIES | DE | N/A | 0 | 0 |
| NCIF NEW MARKETS CAPITAL FUND 40 CDE LLC | |||||||||
| 135 S LASALLE STREET SUITE 3025 | CHICAGO | IL | 60603 | 842479531 | INVESTING IN LOW-INCOME COMMUNITIES | DE | N/A | 0 | 0 |
| NCIF NEW MARKETS CAPITAL FUND 41 CDE LLC | |||||||||
| 135 S LASALLE STREET SUITE 3025 | CHICAGO | IL | 60603 | 842517235 | INVESTING IN LOW-INCOME COMMUNITIES | DE | N/A | 0 | 0 |
| NCIF NEW MARKETS CAPITAL FUND 42 CDE LLC | |||||||||
| 135 S LASALLE STREET SUITE 3025 | CHICAGO | IL | 60603 | 842528463 | INVESTING IN LOW-INCOME COMMUNITIES | DE | N/A | 0 | 0 |
| NCIF NEW MARKETS CAPITAL FUND 43 CDE LLC | |||||||||
| 135 S LASALLE STREET SUITE 3025 | CHICAGO | IL | 60603 | 842533596 | INVESTING IN LOW-INCOME COMMUNITIES | DE | N/A | 0 | 0 |
| NCIF NEW MARKETS CAPITAL FUND 44 CDE LLC | |||||||||
| 135 S LASALLE STREET SUITE 3025 | CHICAGO | IL | 60603 | 842559602 | INVESTING IN LOW-INCOME COMMUNITIES | DE | N/A | 0 | 0 |
| NCIF NEW MARKETS CAPITAL FUND 45 CDE LLC | |||||||||
| 135 S LASALLE STREET SUITE 3025 | CHICAGO | IL | 60603 | 842565842 | INVESTING IN LOW-INCOME COMMUNITIES | DE | N/A | 0 | 0 |
| NCIF NEW MARKETS CAPITAL FUND 46 CDE LLC | |||||||||
| 135 S LASALLE STREET SUITE 3025 | CHICAGO | IL | 60603 | 842580398 | INVESTING IN LOW-INCOME COMMUNITIES | DE | N/A | 0 | 0 |
| NCIF NEW MARKETS CAPITAL FUND 47 CDE LLC | |||||||||
| 135 S LASALLE STREET SUITE 3025 | CHICAGO | IL | 60603 | 842595536 | INVESTING IN LOW-INCOME COMMUNITIES | DE | N/A | 0 | 0 |
| NCIF NEW MARKETS CAPITAL FUND 48 CDE LLC | |||||||||
| 135 S LASALLE STREET SUITE 3025 | CHICAGO | IL | 60603 | 842616981 | INVESTING IN LOW-INCOME COMMUNITIES | DE | N/A | 0 | 0 |
| NCIF NEW MARKETS CAPITAL FUND 49 CDE LLC | |||||||||
| 135 S LASALLE STREET SUITE 3025 | CHICAGO | IL | 60603 | 843355118 | INVESTING IN LOW-INCOME COMMUNITIES | DE | N/A | 0 | 0 |
| NCIF NEW MARKETS CAPITAL FUND 52 CDE LLC | |||||||||
| 135 S LASALLE STREET SUITE 3025 | CHICAGO | IL | 60603 | 843436521 | INVESTING IN LOW-INCOME COMMUNITIES | DE | N/A | 0 | 0 |
| NCIF NEW MARKETS CAPITAL FUND 50 CDE LLC | |||||||||
| 135 S LASALLE STREET SUITE 3025 | CHICAGO | IL | 60603 | INVESTING IN LOW-INCOME COMMUNITIES | DE | N/A | 0 | 0 | |
| NCIF NEW MARKETS CAPITAL FUND 53 CDE LLC | |||||||||
| 135 S LASALLE STREET SUITE 3025 | CHICAGO | IL | 60603 | INVESTING IN LOW-INCOME COMMUNITIES | DE | N/A | 0 | 0 | |
Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp (2 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt | Entity TypeEntityTypeTxt | Share Of Total IncomeShareOfTotalIncomeAmt | Share Of EOY AssetsShareOfEOYAssetsAmt | OwnershipOwnershipPct | Controlled OrganizationControlledOrganizationInd |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| NCIF CAPITAL LLC | ||||||||||||
| 135 S LASALLE STREET SUITE 3025 | CHICAGO | IL | 60603 | 161645178 | MANAGE CDE'S | DE | NATIONAL COMMUNITY INVESTMENT FUND | C | $236 | $25,204 | 1.00000 | Yes (1) |
| NCIF MANAGEMENT INC | ||||||||||||
| 135 S LASALLE STREET SUITE 3025 | CHICAGO | IL | 60603 | 842526251 | PROVIDE ADMINISTRATIVE AND MANAGEMENT SERVICES | DE | NATIONAL COMMUNITY INVESTMENT FUND | C | $2,927,584 | $436,421 | 1.00000 | Yes (1) |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | 0 | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | 0 | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | 0 | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | 0 | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | 0 | DivRelatedOrganizationInd |
| Asset Sale To Other Org | 0 | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | 0 | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | 0 | AssetExchangeInd |
| Rental Of Facilities To Oth Org | 0 | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | 0 | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | Yes (1) | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | Yes (1) | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | Yes (1) | SharingOfFacilitiesInd |
| Paid Employees Sharing | 0 | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | Yes (1) | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | 0 | TransferToOtherOrgInd |
| Transfer From Other Org | 0 | TransferFromOtherOrgInd |
Transactions Related Org TransactionsRelatedOrgGrp (2 entries)
| Transaction TypeTransactionTypeTxt | InvolvedInvolvedAmt | Method Of Amount DeterminationMethodOfAmountDeterminationTxt |
|---|---|---|
| NCIF MANAGEMENT INC | ||
| M | $2,927,584 | SERVICE AGREEMENT |
| NCIF NFP INC | ||
| P | $66,666 | APPLICATION COSTS - CCIA GRANT |