NONPROFIT FINANCE FUND: Form 990, tax year 2021
View the entire original 990 at ProPublica ↗
- Organization
- NONPROFIT FINANCE FUND (EIN 13-3238657)
- Tax period
- 2021-01-01 to 2021-12-31
- Filed
- 2022-10-21
- IRS object ID
- 202222949349301347
- Schema version
- 2021v4.2
- 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
- Form 990
- Schedule A
- Schedule B
- Schedule C
- Schedule D
- Schedule I
- Schedule J
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2022-10-21T14:55:37-05:00 | ReturnTs |
| Tax Period End | 2021-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 271728945 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | PKF O'CONNOR DAVIES LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 245 PARK AVENUE 12TH FLOOR | AddressLine1Txt |
| City | NEW YORK | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 10167 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2021-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 133238657 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | NONPROFIT FINANCE FUND | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | NONP | BusinessNameControlTxt |
| Phone | 2128686710 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 5 HANOVER SQUARE 9TH FL | AddressLine1Txt |
| City | NEW YORK | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 10004 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | AISHA BENSON | PersonNm |
| Person Title | PRESIDENT & CEO | PersonTitleTxt |
| Phone | 2128686710 | PhoneNum |
| Signature | 2022-10-21 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | AISHA | PersonFirstNm |
| Person Last | BENSON | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | XXX-XX-XXXX | SSN |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | EVA MRUK | PreparerPersonNm |
| PTIN | P00543254 | PTIN |
| Phone | 2122862600 | PhoneNum |
| Preparation | 2022-10-21 | PreparationDt |
Additional Filer Information AdditionalFilerInformation
Trusted Customer TrustedCustomerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | 3 | TrustedCustomerCd |
| Authentication Assurance Level | AAL1 | AuthenticationAssuranceLevelCd |
| Identity Assurance Level | IAL1 | IdentityAssuranceLevelCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2021 | TaxYr |
| Build TS | 2022-09-23 18:48:47Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | AISHA BENSION | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 5 HANOVER SQUARE 9TH FL | AddressLine1Txt |
| City | NEW YORK | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 10004 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $35,516,704 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | NFF.ORG | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1984 | FormationYr |
| Legal Domicile State | NY | LegalDomicileStateCd |
| Activity Or Mission | TO SUPPORT MISSION-DRIVEN ORGANIZATIONS WITH FINANCING, ADVICE AND KNOWLEDGE. | ActivityOrMissionDesc |
| Voting Members Governing Body | 13 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 11 | VotingMembersIndependentCnt |
| Total Employee | 127 | TotalEmployeeCnt |
| Total Volunteers | 14 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $40,313,598 | PYContributionsGrantsAmt |
| CY Contributions Grants | $20,939,288 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $13,641,057 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $14,327,346 | CYProgramServiceRevenueAmt |
| PY Investment Income | $19,999 | PYInvestmentIncomeAmt |
| CY Investment Income | $17,085 | CYInvestmentIncomeAmt |
| PY Other Revenue | $44,685 | PYOtherRevenueAmt |
| CY Other Revenue | $232,985 | CYOtherRevenueAmt |
| PY Total Revenue | $54,019,339 | PYTotalRevenueAmt |
| CY Total Revenue | $35,516,704 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $1,157,814 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $1,898,426 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $12,111,916 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $14,744,492 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $1,356,817 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $6,939,128 | PYOtherExpensesAmt |
| CY Other Expenses | $7,638,991 | CYOtherExpensesAmt |
| PY Total Expenses | $20,208,858 | PYTotalExpensesAmt |
| CY Total Expenses | $24,281,909 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $33,810,481 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $11,234,795 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $311,084,073 | TotalAssetsBOYAmt |
| Total Assets EOY | $319,614,124 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $232,660,735 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $229,955,991 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $78,423,338 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $89,658,133 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | NONPROFIT FINANCE FUND IS A NONPROFIT LENDER, CONSULTANT, AND ADVOCATE. FOR MORE THAN 40 YEARS, WE'VE WORKED TO STRENGTHEN NONPROFIT ORGANIZATIONS AND IMPROVE THE WAY MONEY FLOWS TO SOCIAL GOOD. WE ARE COMMITTED TO BUILDING A MORE EQUITABLE AND JUST SOCIAL SECTOR, AND HELPING COMMUNITY-CENTERED ORGANIZATIONS LED BY AND SERVING PEOPLE OF COLOR ACCESS THE MONEY AND RESOURCES THEY NEED TO REALIZE THEIR COMMUNITIES' ASPIRATIONS. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $17,386,606 | ExpenseAmt |
| Grant | $1,898,426 | GrantAmt |
| Revenue | $14,327,346 | RevenueAmt |
| Desc | NFF ADVANCES ECONOMIC AND SOCIAL PROGRESS IN COMMUNITIES THROUGH FINANCING, CONSULTING, PARTNERSHIPS, AND KNOWLEDGE-SHARING THAT HELP MISSION-DRIVEN ORGANIZATIONS ADAPT, THRIVE, AND DRIVE POSITIVE CHANGE. WE BELIEVE THAT ALONGSIDE OTHERS WE MUST BUILD A MORE EQUITABLE AND JUST SOCIAL SECTOR, AND ARE COMMITTED TO HELPING COMMUNITY-CENTERED ORGANIZATIONS LED BY AND SERVING PEOPLE OF COLOR ACCESS THE MONEY AND RESOURCES THEY NEED TO REALIZE THEIR COMMUNITIES' ASPIRATIONS AS A LEADING CDFI, NFF CURRENTLY MANAGES OVER $435 MILLION OF INVESTMENTS. SINCE 1980, NFF HAS PROVIDED OVER $1.1 BILLION IN FINANCING AND ACCESS TO ADDITIONAL CAPITAL IN SUPPORT OF OVER $3.5 BILLION IN PROJECTS FOR THOUSANDS OF ORGANIZATIONS NATIONWIDE. NFF WORKS TOWARD A MORE JUST AND VIBRANT SOCIETY THROUGH: FINANCING FOR NONPROFITS AND SOCIAL ENTERPRISES THAT ARE WORKING HARD TO REALIZE THE HIGHEST ASPIRATIONS OF THEIR COMMUNITIES. CONSULTING THAT HELPS NONPROFIT LEADERS AND THEIR FUNDERS MAKE DECISIONS THAT STRENGTHEN THE CONNECTION BETWEEN MONEY AND MISSION SUCCESS. PARTNERING WITH SERVICE PROVIDERS, FUNDERS, AND INVESTORS TO IDENTIFY AND ADVOCATE FOR PRACTICES THAT ENSURE ORGANIZATIONS ARE POSITIONED TO ACHIEVE THEIR GOALS, WHETHER THAT IS SHIFTING TOWARD A SYSTEM THAT TIES FUNDING TO RESULTS OR THE IMPORTANCE OF COVERING THE FULL COSTS OF DELIVERING PROGRAMS. LEARNING AND SHARING CUTTING-EDGE DATA, INSIGHTS, AND RESOURCES TO SUPPORT SOCIAL CHANGE AND ILLUMINATE PATHS TO SOLVING COMPLEX SOCIAL ISSUES.IN 2021, NFF STAFF PRIMARILY WORKED REMOTELY IN THE GEOGRAPHIC REGIONS OF NEW YORK, PHILADELPHIA, BOSTON, LOS ANGELES, AND OAKLAND. OFFICES IN THESE REGIONS GRADUALLY REOPENED FOR STAFF ACCESS FOLLOWING THE IMPLEMENTATION OF SPECIFIC COVID-19 SAFETY PROTOCOLS AND ACCORDING TO STATE LEVEL REQUIREMENTS. A SELECTION OF NFF'S SERVICES INCLUDE:ACCESS TO CAPITALLOANS: NFF TYPICALLY MAKES LOANS RANGING FROM $50,000 TO $5 MILLION AND PROVIDES FINANCING INDEPENDENTLY AND IN PARTNERSHIP WITH OTHER LENDERS, TO NONPROFITS AND SOCIAL ENTERPRISES. THE FINANCING IS USED FOR A VARIETY OF PURPOSES INCLUDING FACILITY-RELATED NEEDS SUCH AS PROPERTY ACQUISITION, NEW CONSTRUCTION, RENOVATION, AND LEASEHOLD IMPROVEMENTS. NFF ALSO PROVIDES LOANS FOR WORKING CAPITAL AND OPERATING NEEDS INCLUDING EQUIPMENT LOANS AND LINES OF CREDIT.NEW MARKETS TAX CREDITS ("NMTC"): SINCE 2007 NFF HAS BEEN AWARDED A TOTAL OF $401 MILLION IN NMTC FROM THE U.S. DEPARTMENT OF THE TREASURY, WHICH NFF USES TO ATTRACT PRIVATE INVESTMENT TO SUPPORT NONPROFITS OPERATING IN LOW-INCOME COMMUNITIES. NFF IS ONE OF A FEW ORGANIZATIONS USING THESE CREDITS EXCLUSIVELY TO HELP FINANCE PROJECTS BENEFITING SMALL AND MID-SIZED NONPROFITS.SUPPORTING PROGRAM RELATED INVESTMENTS AND OTHER IMPACT INVESTMENTS: NFF SUPPORTS EFFORTS OF FOUNDATIONS AND OTHERS CONSIDERING THE ADDITION OF PROGRAM-RELATED AND OTHER IMPACT INVESTMENTS TO ITS PHILANTHROPIC ACTIVITY AND THOSE SEEKING ASSISTANCE WITH AN EXISTING PROGRAM. OTHER CAPITAL ACCESS AND RELATED ACTIVITIES: NFF WORKS IN PARTNERSHIP WITH FUNDERS AND OTHER PROVIDERS OF CAPITAL TO EXPLORE THOUGHTFUL, PRACTICAL APPLICATIONS OF CUTTING-EDGE IDEAS AND MORE EQUITABLE FUNDING PRACTICES SUCH AS COVERING FULL-COSTS, OFFERING CHANGE CAPITAL, AND PROVIDING THE FLEXIBLE OPERATING DOLLARS THAT NONPROFITS NEED TO SUSTAIN AND ADAPT THEIR COMMUNITY WORK. NFF'S LOANS AND OTHER FINANCING PRODUCTS EVOLVE WITH THE CHANGING NEEDS OF THE SECTOR AND U.S. COMMUNITIES. IN RESPONSE TO THE FINANCIAL CHALLENGES COVID-19 CREATED OR INTENSIFIED FOR ORGANIZATIONS, NFF IS PROVIDING ZERO-INTEREST FLEXIBLE LOANS, TECHNICAL ASSISTANCE, AND FINANCIAL COUNSELING FOR ORGANIZATIONS LED BY AND SERVING PEOPLE OF COLOR IN NEW YORK, THE BAY AREA, PHILADELPHIA, AND LOS ANGELES. AS PART OF A STRATEGIC COMMITMENT TO ADVANCE RACIAL EQUITY, NFF LAUNCHED A PLAN IN 2021 TO INVEST AT LEAST 50 PERCENT OF TOTAL LENDING DOLLARS IN ORGANIZATIONS LED BY PEOPLE OF COLOR. THIS TARGET WAS MET, WITH $35.3 MILLION (68 PERCENT) OF TOTAL INVESTMENTS GOING TO ORGANIZATIONS LED BY PEOPLE OF COLOR. ADVICE AND TRAINING CONSULTATION AND ANALYSIS: NFF IS A LEADING FINANCIAL CONSULTING PRACTICE PROVIDING SOLUTIONS-BASED ADVICE AND PARTNERSHIP TO HELP NONPROFITS AND THEIR FUNDERS ADDRESS CHANGE, CHALLENGE, OR OPPORTUNITY. WHETHER THROUGH IN-DEPTH CONSULTING SERVICES, GROUP CLINICS, OR LONG-TERM PARTNERSHIPS, NFF CONSULTANTS WORK WITH COMMUNITY-CENTERED NONPROFIT ORGANIZATIONS, NETWORKS, ORGANIZERS, FUNDERS, AND FINANCING PARTNERS TO SUPPORT COMMUNITY-LED SOLUTIONS, AND ENGAGE AND FACILITATE FUNDING THAT PROMOTES EQUITY. NFF'S CONSULTING PRACTICE LEAVES CLIENTS IN A BETTER POSITION TO BUDGET AND ADVOCATE FOR WHAT IT REALLY COSTS TO DELIVER ON MISSION, FULLY UNDERSTAND THEIR EXISTING AND POTENTIAL BUSINESS MODELS, AND PLAN FOR VARIED FINANCIAL AND OPERATIONAL SCENARIOS. NFF ALSO WORKS WITH NONPROFIT MANAGEMENT TO HELP THEM BETTER COMMUNICATE THEIR FINANCIAL STORY TO FUNDERS, LENDERS, AND OTHERS. IN 2021, NFF'S CONSULTING TEAM DEDICATED 52 PERCENT OF ALL DEEP CONSULTING SERVICES DEFINED AS 20 HOURS OR MORE TO 121 ORGANIZATIONS LED BY PEOPLE OF COLOR.WORKSHOPS: NFF'S REMOTE WORKSHOPS AND WEBINARS OFFER NONPROFIT LEADERS INSIGHT, TOOLS, AND GUIDANCE TO HELP THEIR ORGANIZATIONS ADAPT TO AN EVER-CHANGING ENVIRONMENT. CONTENT IS DESIGNED TO HELP MANAGERS AND BOARD MEMBERS BECOME MORE COMFORTABLE READING AND INTERPRETING FINANCIAL STATEMENTS AND THINKING THROUGH HOW MANAGEMENT DECISIONS AND CAPITAL STRUCTURE AFFECT AN ORGANIZATION'S MISSION AND FINANCES. IN 2021, CONSULTANTS PREPARED A FULL CURRICULUM OF NONPROFIT FINANCIAL MANAGEMENT WEBINARS IN ENGLISH AND SPANISH TO SHARE PRACTICAL TOOLS AND HELPFUL INSIGHTS FOR NONPROFIT LEADERS. | Desc |
| Total Program Service Expenses | $17,386,606 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | Yes (1) | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | Yes (1) | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | 0 | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (1) | 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 |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 46 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Employee | 127 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| 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 |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| 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 | 13 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 11 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | 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 | CA | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | IL | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | NJ | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | NY | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | PA | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | MA | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | MI | StatesWhereCopyOfReturnIsFldCd |
| Own Website | Yes (X) | OwnWebsiteInd |
| Other Website | Yes (X) | OtherWebsiteInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | AISHA BENSON PRESIDENT CEO | PersonNm |
| Phone | 2124574700 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 5 HANOVER SQUARE 9TH FLOOR | AddressLine1Txt |
| City | NEW YORK | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 10004 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (26 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 |
|---|---|---|---|---|---|---|---|---|---|
| ANTONY BUGG-LEVINE | |||||||||
| PRESIDENT & CEO (THRU 8/2021) | 50.00 | 0.01 | Yes (X) | Yes (X) | $511,775 | $0 | $56,401 | ||
| KRISTINA DIXON | |||||||||
| CFO (THRU 4/2021), DIRECTOR | 50.00 | 0.01 | Yes (X) | Yes (X) | $89,923 | $0 | $7,156 | ||
| TRELLA WALKER | |||||||||
| INTERIM PRESIDENT & CEO | 50.00 | 0.01 | Yes (X) | Yes (X) | $294,792 | $0 | $65,886 | ||
| HENRY RAMOS | |||||||||
| BOARD CHAIR | 2.00 | 0.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| GEORGETTE WONG | |||||||||
| BOARD VICE-CHAIR | 2.00 | 0.01 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| JOHN TAYLOR | |||||||||
| TREASURER/INTERIM CFO (THRU 8/2021) | 2.00 | 0.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| PHILLIP CLAY | |||||||||
| SECRETARY | 2.00 | 0.01 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| JENNIFER ANGLADE | |||||||||
| DIRECTOR | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| STEPHEN DEBERRY | |||||||||
| DIRECTOR | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| RODNEY FOXWORTH | |||||||||
| DIRECTOR | 2.00 | 0.01 | Yes (X) | $0 | $0 | $0 | |||
| CHRIS IGLESIAS | |||||||||
| DIRECTOR | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| NIKE IRVIN | |||||||||
| DIRECTOR | 2.00 | 0.01 | Yes (X) | $0 | $0 | $0 | |||
| ROB MCKAY | |||||||||
| DIRECTOR | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| LISA WILLIAMS | |||||||||
| DIRECTOR | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| BETH BAFFORD | |||||||||
| DIRECTOR (THRU 10/2021) | 2.00 | 0.01 | Yes (X) | $0 | $0 | $0 | |||
| JOE MCCANNON | |||||||||
| DIRECTOR (THRU 8/2021) | 2.00 | 0.01 | Yes (X) | $0 | $0 | $0 | |||
| ALIK HINCKSON | |||||||||
| INTERIM CFO AS OF 9/21 | 30.00 | 0.01 | Yes (X) | $18,000 | $0 | $0 | |||
| NORAH MCVEIGH | |||||||||
| MANAGING DIRECTOR (THRU 12/2021) | 50.00 | 0.01 | $332,164 | $0 | $55,647 | Yes (X) | |||
| KRISTIN GIANTRIS | |||||||||
| INTERIM CHIEF CLIENT SVCS OFFICER | 50.00 | 0.00 | $351,847 | $0 | $51,583 | Yes (X) | |||
| JENNIFER TALANSKY | |||||||||
| MANAGING DIRECTOR | 50.00 | 0.00 | $296,631 | $0 | $61,761 | Yes (X) | |||
| ANDREA BRISCOE | |||||||||
| INTERIM CHIEF ADMINISTRATIVE OFFICER | 50.00 | 0.00 | $264,375 | $0 | $42,720 | Yes (X) | |||
| JENNIFER KAWAR | |||||||||
| VP, INVESTOR RELATIONS | 50.00 | 0.00 | $207,263 | $0 | $35,475 | Yes (X) | |||
| BETH DOREIAN | |||||||||
| VP, FINANCIAL PLANNING & ANALYSIS | 50.00 | 0.00 | $142,158 | $0 | $46,912 | Yes (X) | |||
| EMILY GUTHMAN | |||||||||
| VP, OPERATIONS | 50.00 | 0.00 | $160,091 | $0 | $29,513 | Yes (X) | |||
| ANAND ATTAVANE | |||||||||
| VP / CONTROLLER | 50.00 | 0.00 | $168,220 | $0 | $56,280 | Yes (X) | |||
| JESSICA LABARBERA | |||||||||
| CHIEF OF STAFF | 50.00 | 0.00 | $140,677 | $0 | $65,015 | Yes (X) | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $2,977,916 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $574,349 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 48 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (4 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| COHNREZNICK LLP | |||||
| 816 CONGRESS AVENUE SUITE 200 | AUSTIN | TX | 78701 | ACCOUNTING SERVICES | $152,060 |
| CAUSE EFFECTIVE INC | |||||
| ONE PENN PLAZA 6242 | NEW YORK | NY | 10119 | PROJECT CONSULTING | $141,500 |
| PKF O'CONNOR DAVIES LLP | |||||
| 500 MAMARONECK AVENUE SUITE 301 | HARRISON | NY | 10528 | ACCOUNTING SERVICES | $139,545 |
| GLOBALIZATION PARTNERS LLC | |||||
| 265 FRANKLIN STREET SUITE 502 | BOSTON | MA | 02110 | PAYROLL SERVICES | $114,484 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 4 | CntrctRcvdGreaterThan100KCnt |
| Government Grants | $8,257,549 | GovernmentGrantsAmt |
| All Other Contributions | $12,681,739 | AllOtherContributionsAmt |
| Total Contributions | $20,939,288 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (3 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| INTEREST ON LOANS | 900099 | $10,069,032 | $10,069,032 |
| PRGM & CONTRACT FEES | 900099 | $2,481,051 | $2,481,051 |
| LOAN AND FINAN. FEES | 900099 | $1,777,263 | $1,777,263 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $14,327,346 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $17,085 | TotalRevenueColumnAmt |
| Exclusion | $17,085 | ExclusionAmt |
Gross Rents GrossRentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $25,440 | RealAmt |
Less Rental Expenses LessRentalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $0 | RealAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $25,440 | RealAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $25,440 | TotalRevenueColumnAmt |
| Exclusion | $25,440 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | REAL ESTATE TAX ABATEMENT | Desc |
| Business | 900099 | BusinessCd |
| Total Revenue Column | $207,545 | TotalRevenueColumnAmt |
| Exclusion | $207,545 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $207,545 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $35,516,704 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $14,327,346 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $250,070 | ExclusionAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,898,426 | TotalAmt |
| Program Services | $1,898,426 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,500,661 | TotalAmt |
| Program Services | $948,496 | ProgramServicesAmt |
| Management And General | $1,124,188 | ManagementAndGeneralAmt |
| Fundraising | $427,977 | FundraisingAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $9,757,683 | TotalAmt |
| Program Services | $6,948,409 | ProgramServicesAmt |
| Management And General | $2,385,044 | ManagementAndGeneralAmt |
| Fundraising | $424,230 | FundraisingAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $442,547 | TotalAmt |
| Program Services | $315,637 | ProgramServicesAmt |
| Management And General | $108,663 | ManagementAndGeneralAmt |
| Fundraising | $18,247 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,203,270 | TotalAmt |
| Program Services | $840,258 | ProgramServicesAmt |
| Management And General | $306,833 | ManagementAndGeneralAmt |
| Fundraising | $56,179 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $840,331 | TotalAmt |
| Program Services | $547,128 | ProgramServicesAmt |
| Management And General | $237,200 | ManagementAndGeneralAmt |
| Fundraising | $56,003 | FundraisingAmt |
Fees For Services Management FeesForServicesManagementGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $607,402 | TotalAmt |
| Program Services | $192,848 | ProgramServicesAmt |
| Management And General | $409,001 | ManagementAndGeneralAmt |
| Fundraising | $5,553 | FundraisingAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $107,101 | TotalAmt |
| Program Services | $34,004 | ProgramServicesAmt |
| Management And General | $72,118 | ManagementAndGeneralAmt |
| Fundraising | $979 | FundraisingAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $99,869 | TotalAmt |
| Program Services | $31,708 | ProgramServicesAmt |
| Management And General | $67,248 | ManagementAndGeneralAmt |
| Fundraising | $913 | FundraisingAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,207,005 | TotalAmt |
| Program Services | $880,665 | ProgramServicesAmt |
| Management And General | $194,424 | ManagementAndGeneralAmt |
| Fundraising | $131,916 | FundraisingAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $6,780 | TotalAmt |
| Program Services | $4,462 | ProgramServicesAmt |
| Management And General | $1,806 | ManagementAndGeneralAmt |
| Fundraising | $512 | FundraisingAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $257,761 | TotalAmt |
| Program Services | $165,148 | ProgramServicesAmt |
| Management And General | $68,747 | ManagementAndGeneralAmt |
| Fundraising | $23,866 | FundraisingAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $302,664 | TotalAmt |
| Program Services | $168,732 | ProgramServicesAmt |
| Management And General | $106,959 | ManagementAndGeneralAmt |
| Fundraising | $26,973 | FundraisingAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,140,300 | TotalAmt |
| Program Services | $682,602 | ProgramServicesAmt |
| Management And General | $304,994 | ManagementAndGeneralAmt |
| Fundraising | $152,704 | FundraisingAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $9,788 | TotalAmt |
| Program Services | $6,442 | ProgramServicesAmt |
| Management And General | $2,607 | ManagementAndGeneralAmt |
| Fundraising | $739 | FundraisingAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $795 | TotalAmt |
| Program Services | $523 | ProgramServicesAmt |
| Management And General | $212 | ManagementAndGeneralAmt |
| Fundraising | $60 | FundraisingAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,432,298 | TotalAmt |
| Program Services | $2,432,298 | ProgramServicesAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $361,399 | TotalAmt |
| Program Services | $245,638 | ProgramServicesAmt |
| Management And General | $104,467 | ManagementAndGeneralAmt |
| Fundraising | $11,294 | FundraisingAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $92,301 | TotalAmt |
| Program Services | $55,252 | ProgramServicesAmt |
| Management And General | $24,688 | ManagementAndGeneralAmt |
| Fundraising | $12,361 | FundraisingAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt | FundraisingFundraisingAmt |
|---|---|---|---|---|
| PROVISION FOR LOAN LOSS | $941,187 | $941,187 | ||
| RECRUITING/TRAINING | $55,601 | $36,594 | $14,812 | $4,195 |
| MAINTENANCE & REPAIRS | $14,601 | $8,741 | $3,905 | $1,955 |
| MISC EXPENSES | $2,139 | $1,408 | $570 | $161 |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $24,281,909 | TotalAmt |
| Program Services | $17,386,606 | ProgramServicesAmt |
| Management And General | $5,538,486 | ManagementAndGeneralAmt |
| Fundraising | $1,356,817 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $38,974,575 | BOYAmt |
| EOY | $31,092,089 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $30,557,788 | BOYAmt |
| EOY | $36,004,161 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $8,198,864 | BOYAmt |
| EOY | $4,382,356 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,961,364 | BOYAmt |
| EOY | $348,675 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $191,719 | BOYAmt |
| EOY | $348,884 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $4,191,370 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $2,590,709 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,876,672 | BOYAmt |
| EOY | $1,600,661 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $15,584 | BOYAmt |
| EOY | $16,838 | EOYAmt |
Investments Program Related InvestmentsProgramRelatedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $227,217,373 | BOYAmt |
| EOY | $245,730,326 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $90,134 | BOYAmt |
| EOY | $90,134 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $311,084,073 | BOYAmt |
| EOY | $319,614,124 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,628,315 | BOYAmt |
| EOY | $2,871,108 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $6,116,134 | BOYAmt |
| EOY | $1,856,728 | EOYAmt |
Escrow Account Liability EscrowAccountLiabilityGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $86,242 | BOYAmt |
| EOY | $86,242 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $111,756,556 | BOYAmt |
| EOY | $112,034,007 | EOYAmt |
Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $109,340,472 | BOYAmt |
| EOY | $111,239,178 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,733,016 | BOYAmt |
| EOY | $1,868,728 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $232,660,735 | BOYAmt |
| EOY | $229,955,991 | 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 | $48,556,630 | BOYAmt |
| EOY | $53,299,847 | EOYAmt |
Donor Restriction Net Assets DonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $29,866,708 | BOYAmt |
| EOY | $36,358,286 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $78,423,338 | BOYAmt |
| EOY | $89,658,133 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $311,084,073 | BOYAmt |
| EOY | $319,614,124 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | $11,234,795 | ReconcilationRevenueExpnssAmt |
| Other Changes In Net Assets | $0 | OtherChangesInNetAssetsAmt |
| Info In Schedule O Part XII | Yes (X) | InfoInScheduleOPartXIIInd |
| 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 | Yes (1) | FederalGrantAuditRequiredInd |
| Federal Grant Audit Performed | Yes (1) | FederalGrantAuditPerformedInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Organization170 | Yes (X) | PublicOrganization170Ind |
Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $5,592,149 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $9,460,209 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $9,858,573 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $40,313,598 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $20,939,288 | CurrentTaxYearAmt |
| Total | $86,163,817 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $5,592,149 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $9,460,209 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $9,858,573 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $40,313,598 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $20,939,288 | CurrentTaxYearAmt |
| Total | $86,163,817 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantial Contributors Tot | $18,793,422 | SubstantialContributorsTotAmt |
| Public Support Total170 | $67,370,395 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $5,305 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $13,636 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $22,087 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $45,439 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $42,525 | CurrentTaxYearAmt |
| Total | $128,992 | TotalAmt |
Other Income170 OtherIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $3,515 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $2,641 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $20,706 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $19,245 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $207,545 | CurrentTaxYearAmt |
| Total | $253,652 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $86,546,461 | TotalSupportAmt |
| Gross Receipts Rltd Activities | $66,239,995 | GrossReceiptsRltdActivitiesAmt |
| Public Support CY170 | 0.77840 | PublicSupportCY170Pct |
| Public Support PY170 | 0.77800 | PublicSupportPY170Pct |
| Thirty Thr Pct Suprt Tests CY170 | Yes (X) | ThirtyThrPctSuprtTestsCY170Ind |
Form990 Schedule A Part VI Form990ScheduleAPartVIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: | FormAndLineReferenceDesc |
| Explanation | MISCELLANEOUS INCOME - 2017 AMOUNT: $ 3,515. 2018 AMOUNT: $ 2,641. 2019 AMOUNT: $ 7. REAL ESTATE TAX ABATEMENT - 2019 AMOUNT: $ 15,528. 2020 AMOUNT: $ 19,245. 2021 AMOUNT: $ 207,545. PRINCIPAL REPAYMENTS FROM LOANS - 2019 AMOUNT: $ 5,171. | ExplanationTxt |
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 C IRS990ScheduleC
Total Grassroots Lobbying TotalGrassrootsLobbyingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Total | $0 | FilingOrganizationsTotalAmt |
Total Direct Lobbying TotalDirectLobbyingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Total | $0 | FilingOrganizationsTotalAmt |
Total Lobbying Expend TotalLobbyingExpendGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Total | $0 | FilingOrganizationsTotalAmt |
Other Exempt Purpose Expend OtherExemptPurposeExpendGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Total | $22,925,092 | FilingOrganizationsTotalAmt |
Total Exempt Purpose Expend TotalExemptPurposeExpendGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Total | $22,925,092 | FilingOrganizationsTotalAmt |
Lobbying Nontaxable Amount LobbyingNontaxableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Total | $1,000,000 | FilingOrganizationsTotalAmt |
Grassroots Nontaxable GrassrootsNontaxableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Total | $250,000 | FilingOrganizationsTotalAmt |
Tot Lbbyng Grassroot Mns Non Tx TotLbbyngGrassrootMnsNonTxGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Total | $0 | FilingOrganizationsTotalAmt |
Tot Lbby Expend Mns Lbbyng Non Tx TotLbbyExpendMnsLbbyngNonTxGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Total | $0 | FilingOrganizationsTotalAmt |
Avg Lobbying Nontaxable Amount AvgLobbyingNontaxableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year Minus3 | $1,000,000 | CurrentYearMinus3Amt |
| Current Year Minus2 | $1,000,000 | CurrentYearMinus2Amt |
| Current Year Minus1 | $1,000,000 | CurrentYearMinus1Amt |
| Current Year | $1,000,000 | CurrentYearAmt |
| Total | $4,000,000 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Lobbying Ceiling | $6,000,000 | LobbyingCeilingAmt |
Avg Total Lobbying Expend AvgTotalLobbyingExpendGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year Minus3 | $0 | CurrentYearMinus3Amt |
| Current Year Minus2 | $9,250 | CurrentYearMinus2Amt |
| Current Year Minus1 | $3,500 | CurrentYearMinus1Amt |
| Current Year | $0 | CurrentYearAmt |
| Total | $12,750 | TotalAmt |
Avg Grassroots Nontaxable AvgGrassrootsNontaxableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year Minus3 | $250,000 | CurrentYearMinus3Amt |
| Current Year Minus2 | $250,000 | CurrentYearMinus2Amt |
| Current Year Minus1 | $250,000 | CurrentYearMinus1Amt |
| Current Year | $0 | CurrentYearAmt |
| Total | $750,000 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grassroots Ceiling | $1,125,000 | GrassrootsCeilingAmt |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Agent Trustee Etc | 0 | AgentTrusteeEtcInd |
| Incl Escrow Custodial Acct Liab | Yes (1) | InclEscrowCustodialAcctLiabInd |
| Explanation Provided | Yes (X) | ExplanationProvidedInd |
Leasehold Improvements LeaseholdImprovementsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $2,185,283 | OtherCostOrOtherBasisAmt |
| Depreciation | $922,685 | DepreciationAmt |
| Book Value | $1,262,598 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $1,203,004 | OtherCostOrOtherBasisAmt |
| Depreciation | $1,078,734 | DepreciationAmt |
| Book Value | $124,270 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $803,083 | OtherCostOrOtherBasisAmt |
| Depreciation | $589,290 | DepreciationAmt |
| Book Value | $213,793 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $1,600,661 | TotalBookValueLandBuildingsAmt |
Invst Program Related Org InvstProgramRelatedOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | PROGRAM LOANS AND INTEREST RECEIVABLE | Desc |
| Book Value | $245,730,326 | BookValueAmt |
| Method Valuation | C | MethodValuationCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Program Rltd | $245,730,326 | TotalBookValueProgramRltdAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (2 entries)
| DescDesc | AmtAmt |
|---|---|
| PAYCHECK PROTECTION PROGRAM LOAN | $281,595 |
| DEFERRED RENT & LEASEHOLD IMPR ALLOWANCE | $1,587,133 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $1,868,728 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $35,532,054 | TotalRevEtcAuditedFinclStmtAmt |
| Donated Services And Use Fclts | $15,350 | DonatedServicesAndUseFcltsAmt |
| Revenue Not Reported | $15,350 | RevenueNotReportedAmt |
| Revenue Subtotal | $35,516,704 | RevenueSubtotalAmt |
| Revenue Not Reported Fincl Stmt | $0 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $35,516,704 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $24,297,259 | TotExpnsEtcAuditedFinclStmtAmt |
| Donated Services Use Fclts | $15,350 | DonatedServicesUseFcltsAmt |
| Expenses Not Reported | $15,350 | ExpensesNotReportedAmt |
| Expenses Subtotal | $24,281,909 | ExpensesSubtotalAmt |
| Expenses Not Rpt Fincl Stmt | $0 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $24,281,909 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART IV, LINE 2B: | NONPROFIT FINANCE FUND HOLDS A CUSTODIAL BANK ACCOUNT FOR NEW MARKET TAX CREDIT PARTNERSHIPS OF WHICH NONPROFIT FINANCE FUND IS A GENERAL PARTNER OF .01% AND THE FUNDS ARE USED AS OBLIGATION PAYMENTS AS AUTHORIZED BY THE PARTNERSHIP. |
| PART X, LINE 2: | THE FUND'S ACCOUNTING POLICY IS TO DISCLOSE LIABILITIES FOR UNCERTAIN TAX POSITIONS WHEN A LIABILITY IS PROBABLE AND ESTIMABLE. MANAGEMENT IS NOT AWARE OF ANY VIOLATION OF ITS TAX STATUS AS AN ORGANIZATION EXEMPT FROM INCOME TAXES, NOR OF ANY EXPOSURE TO UNRELATED BUSINESS INCOME TAX. THE FUND IS NO LONGER SUBJECT TO EXAMINATIONS BY THE APPLICABLE TAXING JURISDICTIONS FOR THE PERIODS PRIOR TO 2018. |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Recipient Table RecipientTable (27 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Recipient EINRecipientEIN | IRC SectionIRCSectionDesc | Cash GrantCashGrantAmt | Non Cash AssistanceNonCashAssistanceAmt | Purpose Of GrantPurposeOfGrantTxt |
|---|---|---|---|---|---|---|---|---|
| ABODE SERVICES | ||||||||
| 40849 FREMONT BLVD | FREMONT | CA | 94538 | 943087060 | 501(C)(3) | $10,000 | $0 | PANDEMIC GENERAL OPERATING SUPPORT |
| AMERICAN NONPROFITS | ||||||||
| PO BOX 1018 | SANTA CRUZ | CA | 95061 | 455349356 | 501(C)(3) | $332,133 | $0 | BAY AREA RACIAL EQUITY INITIATIVE |
| ASIAN PACIFIC ENVIRONMENT NEWORK | ||||||||
| 426-17TH STREET SUITE 500 | OAKLAND | CA | 94612 | 943261846 | 501(C)(3) | $6,400 | $0 | BUILDING NONPROFIT CAPACITY FOR HEALTH IN CALIFORNIA |
| BELMONT ALLIANCE CIVIC ASSOCIATION CDC | ||||||||
| 871 NORTH HOLLY STREET FLOOR 2 | PHILADELPHIA | PA | 19104 | 233004021 | 501(C)(3) | $10,000 | $0 | EARLY CARE EDUCATION |
| BME NETWORKS INC | ||||||||
| 2103 CORAL WAY 2ND FLOOR | MIAMI | FL | 33145 | 463083316 | 501(C)(3) | $375,000 | $0 | COVID RECOVERY FUNDING / BMA COMM. FELLOWSHIP FUNDING |
| CALIFORNIA YOUTH CONNECTION | ||||||||
| 1311 63RD STREET SUITE A | EMERYVILLE | CA | 94608 | 943141616 | 501(C)(3) | $6,900 | $0 | BUILDING NONPROFIT CAPACITY FOR HEALTH IN CALIFORNIA |
| CAPITAL IMPACT PARTNERS | ||||||||
| 1400 CRYSTAL DRIVE SUITE 500 | ARLINGTON | VA | 22202 | 521290127 | 501(C)(3) | $133,334 | $0 | TO SUPPORT INTERNAL TRAINING & PRACTICE ENHANCEMENTS |
| CENTER FOR ASIAN AMERICANS UNITED FOR SELF EMPOWERMENT INC | ||||||||
| 360 E 2ND STREET SUITE 819 | LOS ANGELES | CA | 90012 | 954458597 | 501(C)(3) | $6,400 | $0 | BUILDING NONPROFIT CAPACITY FOR HEALTH IN CALIFORNIA |
| CENTER ON RACE POVERTY & THE ENVIRONMENT | ||||||||
| 5901 CHRISTIE AVE SUITE 208 | EMERYVILLE | CA | 94608 | 050557231 | 501(C)(3) | $6,400 | $0 | BUILDING NONPROFIT CAPACITY FOR HEALTH IN CALIFORNIA |
| COMMUNITY VISION CAPITAL & CONSULTING | ||||||||
| 870 MARKET STREET STE 677 | SAN FRANCISCO | CA | 94102 | 943032394 | 501(C)(3) | $232,533 | $0 | BAY AREA RACIAL EQUITY INITIATIVE - ADDRESSING HEALTH IN CALIFORNIA |
| FATHERS & FAMILIES OF SAN JOAQUIN | ||||||||
| 338E MARKET STREET | STOCKTON | CA | 95202 | 320171398 | 501(C)(3) | $6,400 | $0 | BUILDING NONPROFIT CAPACITY FOR HEALTH IN CALIFORNIA |
| HILL COUNTRY COMMUNITY CLINIC | ||||||||
| PO BOX 228 | ROUND MOUNTAIN | CA | 96084 | 942831597 | 501(C)(3) | $10,000 | $0 | PANDEMIC GENERAL OPERATING SUPPORT |
| HISPANIC FEDERATION INC | ||||||||
| 55 EXCHANGE PLACE SUITE 501 | NEW YORK | NY | 10005 | 133573852 | 501(C)(3) | $180,000 | $0 | MORGAN STANLEY_COVID RECOVERY FUNDING _2020-2021 |
| IRONBOUND COMMUNITY CORPORATION | ||||||||
| 317 ELM STREET | NEWARK | NJ | 07105 | 221916086 | 501(C)(3) | $55,000 | $0 | NEWARK NONPROFIT CAPACITY ACCELERATOR PROGRAM |
| LA CASA DE DON PEDRO INC | ||||||||
| 75 PARK AVENUE | NEWARK | NJ | 07104 | 237249368 | 501(C)(3) | $55,000 | $0 | NEWARK NONPROFIT CAPACITY ACCELERATOR PROGRAM |
| LINCOLN PARK COAST CULTURAL DISTRICT INC | ||||||||
| 450 WASHINGTON STREET | NEWARK | NJ | 07102 | 223729215 | 501(C)(3) | $55,000 | $0 | NEWARK NONPROFIT CAPACITY ACCELERATOR PROGRAM |
| LOCAL INITIATIVES SUPPORT CORP | ||||||||
| 28 LIBERTY STREET 34TH FLOOR | NEW YORK | NY | 10005 | 133030229 | 501(C)(3) | $55,000 | $0 | NEWARK NONPROFIT CAPACITY ACCELERATOR PROGRAM |
| NEW COMMUNITY CORPORATION | ||||||||
| 233 WEST MARKET STREET | NEWARK | NJ | 07103 | 221911104 | 501(C)(3) | $55,000 | $0 | NEWARK NONPROFIT CAPACITY ACCELERATOR PROGRAM |
| RUBICON PROGRAMS INC | ||||||||
| 2500 BISSELL AVENUE | RICHMOND | CA | 94804 | 942301550 | 501(C)(3) | $10,000 | $0 | PANDEMIC GENERAL OPERATING SUPPORT |
| SOCIAL GOOD FUND | ||||||||
| 12651 SAN PABLO AVE | RICHMOND | CA | 94805 | 461323531 | 501(C)(3) | $6,400 | $0 | BUILDING NONPROFIT CAPACITY FOR HEALTH IN CALIFORNIA |
| SOUTH WARD ALLIANCE | ||||||||
| 59 LINCOLN PARK SUITE 50 | NEWARK | NJ | 07102 | 471202863 | 501(C)(3) | $55,000 | $0 | NEWARK NONPROFIT CAPACITY ACCELERATOR PROGRAM |
| THE ILLUMINATION FOUNDATION | ||||||||
| 1091 N BATAVIA STREET | ORANGE | CA | 92867 | 711047686 | 501(C)(3) | $10,000 | $0 | PANDEMIC GENERAL OPERATING SUPPORT |
| UNIFIED VAILSBURG SERVICES ORGANIZATION | ||||||||
| 42 RICHELIEU TERRACE | NEWARK | NJ | 07106 | 237304852 | 501(C)(3) | $55,000 | $0 | NEWARK NONPROFIT CAPACITY ACCELERATOR PROGRAM |
| URBAN AFFAIRS COALITION | ||||||||
| 1207 CHESTNUT STREET | PHILADELPHIA | PA | 19107 | 237046393 | 501(C)(3) | $10,000 | $0 | EARLY CARE EDUCATION |
| URBAN LEAGUE OF ESSEX COUNTY | ||||||||
| 508 CENTAL AVENUE | NEWARK | NJ | 07107 | 221554540 | 501(C)(3) | $55,000 | $0 | NEWARK NONPROFIT CAPACITY ACCELERATOR PROGRAM |
| WEST PHILADELPHIA ALLIANCE FOR CHILDREN | ||||||||
| 5070 PARKSIDE AVENUE SUITE 1414 | PHILADELPHIA | PA | 19131 | 201574860 | 501(C)(3) | $10,000 | $0 | EARLY CARE EDUCATION |
| WESTSIDE INFANT-FAMILY NETWORK | ||||||||
| 3701 STOCKER STREET SUITE 204 | LOS ANGELES | CA | 90008 | 274018980 | 501(C)(3) | $10,000 | $0 | PANDEMIC GENERAL OPERATING SUPPORT |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total501c3 Org | 27 | Total501c3OrgCnt |
| Total Other Org | 0 | TotalOtherOrgCnt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 2: | FormAndLineReferenceDesc |
| Explanation | GRANTS ARE DISPERSED AFTER THE NONPROFIT FINANCE FUND (NFF) MAKES GRANTS TO OTHER NONPROFIT ORGANIZATIONS AS PART OF A VARIETY OF FUNDER-SPECIFIC INITIATIVES AND IN A MANNER THAT ALIGNS WITH NFF'S MISSION. RECIPIENTS ARE OFTEN SELECTED THROUGH A COMPETITIVE PROCESS. GRANTS ARE REVIEWED AND APPROVED BASED UPON THE CRITERIA ESTABLISHED BY THE FUNDER AND THE GRANTEES' CAPACITY TO SERVE THEIR COMMUNITIES AND TO FURTHER THEIR CHARITABLE MISSION. GRANTS ARE ONLY DISBURSED AFTER RECEIVING WRITTEN AND SIGNED ACKNOWLEDGEMENT BY THE GRANTEE OF THE RESTRICTIONS ON THE GRANT. AFTER DISBURSEMENT AND DURING THE TERM OF GRANT, THE GRANTEE IS REQUIRED PROVIDE PERIODIC REPORTS RELATED TO GRANT COMPLIANCE. NFF STAFF CHECKS IN WITH THE GRANT RECIPIENTS AT AGREED UPON INTERVALS TO SEE HOW THE GRANT FUNDED WORK IS PROGRESSING. SOME GRANTS REQUIRE REPORTING AT REGULAR INTERVALS AND A SUMMARY OF IMPACT. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Independent Consultant | Yes (X) | IndependentConsultantInd |
| Form990 Of Other Organizations | Yes (X) | Form990OfOtherOrganizationsInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | Yes (1) | 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 (11 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ANTONY BUGG-LEVINE | ||||||||||||||
| PRESIDENT & CEO (THRU 8/2021) | $210,332 | $0 | $0 | $0 | $301,443 | $0 | $15,415 | $0 | $40,986 | $0 | $568,176 | $0 | $0 | $0 |
| KRISTIN GIANTRIS | ||||||||||||||
| INTERIM CHIEF CLIENT SVCS OFFICER | $270,683 | $0 | $81,164 | $0 | $0 | $0 | $21,616 | $0 | $29,967 | $0 | $403,430 | $0 | $0 | $0 |
| NORAH MCVEIGH | ||||||||||||||
| MANAGING DIRECTOR (THRU 12/2021) | $251,704 | $0 | $45,000 | $0 | $35,460 | $0 | $20,227 | $0 | $35,420 | $0 | $387,811 | $0 | $0 | $0 |
| TRELLA WALKER | ||||||||||||||
| INTERIM PRESIDENT & CEO | $200,491 | $0 | $94,301 | $0 | $0 | $0 | $18,462 | $0 | $47,424 | $0 | $360,678 | $0 | $0 | $0 |
| JENNIFER TALANSKY | ||||||||||||||
| MANAGING DIRECTOR | $219,631 | $0 | $77,000 | $0 | $0 | $0 | $17,838 | $0 | $43,923 | $0 | $358,392 | $0 | $0 | $0 |
| ANDREA BRISCOE | ||||||||||||||
| INTERIM CHIEF ADMINISTRATIVE OFFICER | $211,234 | $0 | $53,141 | $0 | $0 | $0 | $14,160 | $0 | $28,560 | $0 | $307,095 | $0 | $0 | $0 |
| JENNIFER KAWAR | ||||||||||||||
| VP, INVESTOR RELATIONS | $184,463 | $0 | $22,800 | $0 | $0 | $0 | $11,365 | $0 | $24,110 | $0 | $242,738 | $0 | $0 | $0 |
| ANAND ATTAVANE | ||||||||||||||
| VP / CONTROLLER | $155,420 | $0 | $12,800 | $0 | $0 | $0 | $10,417 | $0 | $45,863 | $0 | $224,500 | $0 | $0 | $0 |
| JESSICA LABARBERA | ||||||||||||||
| CHIEF OF STAFF | $133,526 | $0 | $7,151 | $0 | $0 | $0 | $9,111 | $0 | $55,904 | $0 | $205,692 | $0 | $0 | $0 |
| EMILY GUTHMAN | ||||||||||||||
| VP, OPERATIONS | $150,091 | $0 | $10,000 | $0 | $0 | $0 | $10,058 | $0 | $19,455 | $0 | $189,604 | $0 | $0 | $0 |
| BETH DOREIAN | ||||||||||||||
| VP, FINANCIAL PLANNING & ANALYSIS | $132,158 | $0 | $10,000 | $0 | $0 | $0 | $8,810 | $0 | $38,102 | $0 | $189,070 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART I, LINE 4A | PURSUANT TO THE TERMS AND CONDITIONS STIPULATED IN ANTONY BUGG-LEVINE'S SEVERANCE AGREEMENT, THE ORGANIZATION PAID A SEVERANCE PAYMENT TO ANTONY BUGG-LEVINE IN THE AMOUNT OF $261,097 IN 2021. |
| PART I, LINE 7 | THE INDIVIDUALS REPORTED IN PART II RECEIVED A DISCRETIONARY BONUS AS REPORTED IN COLUMN (II). THE BOARD APPROVED THE BONUS POOL FOR SENIOR EMPLOYEES THAT DIRECTLY REPORT TO THE PRESIDENT/CEO. |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (5 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART VI, SECTION B, LINE 11B | THE FORM 990 IS PREPARED BY AN EXTERNAL PROFESSIONAL ACCOUNTING FIRM AND IS REVIEWED BY INTERNAL MANAGEMENT/INTERIM CFO. UPON COMPLETION OF THE FORM 990, THE RETURN IS SENT VIA ELECTRONIC MAIL TO MEMBERS OF THE AUDIT COMMITTEE OF NONPROFIT FINANCE FUND FOR THEIR REVIEW AND COMMENT. ANY COMMENTS ARE THEN SUMMARIZED AND PROVIDED TO THE OUTSIDE ACCOUNTANTS. ANY REQUIRED UPDATES ARE MADE UNTIL THE RETURN IS FINALIZED AND APPROVED FOR FILING. ONCE THE FORM 990 IS APPROVED, IT IS PROVIDED ELECTRONICALLY TO THE FULL BOARD OF DIRECTORS, PRIOR TO FILING WITH THE IRS. |
| FORM 990, PART VI, SECTION B, LINE 12C | NONPROFIT FINANCE FUND'S CONFLICT OF INTEREST AND DISCLOSURE POLICY IS APPLICABLE TO ALL DIRECTORS, OFFICERS, COMMITTEE MEMBERS AND KEY EMPLOYEES. AT THE BEGINNING OF EACH YEAR, ALL SUCH PERSONS ARE ASKED TO SIGN A STATEMENT AFFIRMING THAT THE INDIVIDUAL HAS RECEIVED A COPY OF THE CONFLICT OF INTEREST AND DISCLOSURE POLICY, HAS READ AND UNDERSTANDS THE POLICY AND AGREES TO COMPLY WITH THE POLICY. THE POLICY REQUIRES THAT ALL POTENTIAL CONFLICTS BE REPORTED TO THE BOARD OF DIRECTORS OR RELEVANT COMMITTEE TO DETERMINE IF A CONFLICT EXISTS AND IF SO, THAT IT BE ADDRESSED IN AN APPROPRIATE MANNER CONSISTENT WITH THE POLICY. THE POLICIES ALSO PROVIDE THAT INTERESTED PERSONS MAY NOT PARTICIPATE WHEN A POTENTIAL CONFLICT IS DETERMINED NOR BE PRESENT FOR THE APPROVAL OF ANY TRANSACTION OR BUSINESS INVOLVING THE INTERESTED PARTY. |
| FORM 990, PART VI, SECTION B, LINE 15 | NONPROFIT FINANCE FUND'S BOARD OF DIRECTORS IS RESPONSIBLE FOR DETERMINING THE COMPENSATION OF THE INTERIM CEO. THE BOARD APPROVED THE COMPENSATION COMMITTEE'S RECOMMENDATION OF BASE SALARY AND TARGET BONUS. THESE RECOMMENDATIONS WERE BASED UPON FACTORS INCLUDING COMPENSATION PAID BY SIMILAR ORGANIZATIONS AND COMPENSATION SURVEYS COMPILED BY INDEPENDENT FIRMS. IN 2021, THE BOARD CONSULTED AN OUTSIDE EXECUTIVE SEARCH FIRM TO DETERMINE THE INTERIM CEO'S COMPENSATION. EACH OF THESE DECISIONS WAS DOCUMENTED IN CONTEMPORANEOUS MINUTES. SENIOR STAFF REPORTING DIRECTLY TO THE INTERIM CEO ARE PAID SALARIES DETERMINED BY THE INTERIM CEO. IN 2021, THE BOARD REVIEWED AND APPROVED A TOTAL POOL FOR BASE SALARY CHANGES AND BONUSES FOR THIS GROUP. THIS APPROVAL WAS CONTEMPORANEOUSLY DOCUMENTED IN THE MINUTES. THE INTERIM CEO DETERMINED THE AMOUNT OF EACH INDIVIDUAL ADJUSTMENT AND BONUS WITHIN THOSE POOLS BASED UPON ENTERPRISE AND INDIVIDUAL PERFORMANCE AND SCOPE OF RESPONSIBILITIES. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE FORM 990 IS AVAILABLE FOR PUBLIC INSPECTION AS REQUIRED UNDER SECTION 6104 OF THE INTERNAL REVENUE SERVICE CODE. IN ADDITION, THE FORM 990, FINANCIAL STATEMENTS, CONFLICT OF INTEREST POLICY, ARTICLES OF INCORPORATION, AND BYLAWS ARE AVAILABLE UPON WRITTEN REQUEST TO THE ORGANIZATION. |
| FORM 990, PART XII, LINE 2C: | NONPROFIT FINANCE FUND HAS AN AUDIT COMMITTEE, COMPOSED OF INDEPENDENT BOARD MEMBERS, THAT IS RESPONSIBLE FOR THE OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND THE SELECTION OF AN INDEPENDENT ACCOUNTANT. THIS PROCESS HAS NOT CHANGED FROM THE PREVIOUS YEAR. |
Schedule R IRS990ScheduleR
Id Disregarded Entities IdDisregardedEntitiesGrp
Disregarded Entity Name DisregardedEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | JCRIF LLC | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 5 HANOVER SQUARE 9TH FLOOR | AddressLine1Txt |
| City | NEW YORK | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 10004 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Primary Activities | TO SUPPORT EXPANDED LENDING TO NONPROFITS | PrimaryActivitiesTxt |
| Legal Domicile State | DE | LegalDomicileStateCd |
| Total Income | $0 | TotalIncomeAmt |
| End Of Year Assets | $47,548,505 | EndOfYearAssetsAmt |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | NONPROFIT FINANCE FUND | BusinessNameLine1Txt |
Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp
Disregarded Entity Name DisregardedEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BUILDING FOR THE FUTURE INC | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 5 HANOVER SQUARE 9TH FLOOR | AddressLine1Txt |
| City | NEW YORK | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 10004 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 134078657 | EIN |
| Primary Activities | SUPPORTING ORGANIZATION; DISSOLVED | PrimaryActivitiesTxt |
| Legal Domicile State | DE | LegalDomicileStateCd |
| Exempt Code Section | 501(C)(3) | ExemptCodeSectionTxt |
| Public Charity Status | 12(A) | PublicCharityStatusTxt |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | NONPROFIT FINANCE FUND | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Controlled Organization | Yes (1) | ControlledOrganizationInd |
Id Related Org Txbl Partnership IdRelatedOrgTxblPartnershipGrp (15 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt | Predominant Income TypePredominantIncomeTypeTxt | Share Of Total IncomeShareOfTotalIncomeAmt | Share Of EOY AssetsShareOfEOYAssetsAmt | Disproportionate AllocationsDisproportionateAllocationsInd | General Or Managing PartnerGeneralOrManagingPartnerInd | OwnershipOwnershipPct |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| NFF NEW MARKETS FUND XXXIV LLC | |||||||||||||
| 5 HANOVER SQUARE 9TH FLOOR | NEW YORK | NY | 10004 | 465018327 | FINANCE PROJECTS THAT BENEFIT SMALL AND MIDDLE-SIZED NONPROFITS | NY | NONPROFIT FINANCE FUND | RELATED | $33 | $1,237 | 0 | Yes (1) | 0.00010 |
| NFF NEW MARKETS FUND XXXVII LLC | |||||||||||||
| 5 HANOVER SQUARE 9TH FLOOR | NEW YORK | NY | 10004 | 611885294 | FINANCE PROJECTS THAT BENEFIT SMALL AND MIDDLE-SIZED NONPROFITS | NY | NONPROFIT FINANCE FUND | RELATED | $3 | $1,091 | 0 | Yes (1) | 0.00010 |
| NFF NEW MARKETS FUND XXXVIII LLC | |||||||||||||
| 5 HANOVER SQUARE 9TH FLOOR | NEW YORK | NY | 10004 | 830527220 | FINANCE PROJECTS THAT BENEFIT SMALL AND MIDDLE-SIZED NONPROFITS | NY | NONPROFIT FINANCE FUND | RELATED | $5 | $893 | 0 | Yes (1) | 0.00010 |
| NFF NEW MARKETS FUND XXXIX LLC | |||||||||||||
| 5 HANOVER SQUARE 9TH FLOOR | NEW YORK | NY | 10004 | 352626140 | FINANCE PROJECTS THAT BENEFIT SMALL AND MIDDLE-SIZED NONPROFITS | NY | NONPROFIT FINANCE FUND | RELATED | $6 | $1,092 | 0 | Yes (1) | 0.00010 |
| NFF NEW MARKETS FUND XL LLC | |||||||||||||
| 5 HANOVER SQUARE 9TH FLOOR | NEW YORK | NY | 10004 | 825392827 | FINANCE PROJECTS THAT BENEFIT SMALL AND MIDDLE-SIZED NONPROFITS | NY | NONPROFIT FINANCE FUND | RELATED | $8 | $494 | 0 | Yes (1) | 0.00010 |
| NFF NEW MARKETS FUND XLI LLC | |||||||||||||
| 5 HANOVER SQUARE 9TH FLOOR | NEW YORK | NY | 10004 | 825406766 | FINANCE PROJECTS THAT BENEFIT SMALL AND MIDDLE-SIZED NONPROFITS | NY | NONPROFIT FINANCE FUND | RELATED | $5 | $991 | 0 | Yes (1) | 0.00010 |
| NFF NEW MARKETS FUND XXVI LLC | |||||||||||||
| 5 HANOVER SQUARE 9TH FLOOR | NEW YORK | NY | 10004 | 464909596 | FINANCE PROJECTS THAT BENEFIT SMALL AND MIDDLE-SIZED NONPROFITS | NY | NONPROFIT FINANCE FUND | RELATED | $1 | $594 | 0 | Yes (1) | 0.00010 |
| NFF NEW MARKETS FUND XXVII LLC | |||||||||||||
| 5 HANOVER SQUARE 9TH FLOOR | NEW YORK | NY | 10004 | 464922051 | FINANCE PROJECTS THAT BENEFIT SMALL AND MIDDLE-SIZED NONPROFITS | NY | NONPROFIT FINANCE FUND | RELATED | $6 | $391 | 0 | Yes (1) | 0.00010 |
| NFF NEW MARKETS FUND XXVIII LLC | |||||||||||||
| 5 HANOVER SQUARE 9TH FLOOR | NEW YORK | NY | 10004 | 464936104 | FINANCE PROJECTS THAT BENEFIT SMALL AND MIDDLE-SIZED NONPROFITS | NY | NONPROFIT FINANCE FUND | RELATED | $19 | $589 | 0 | Yes (1) | 0.00010 |
| NFF NEW MARKETS FUND XXX LLC | |||||||||||||
| 5 HANOVER SQUARE 9TH FLOOR | NEW YORK | NY | 10004 | 464969840 | FINANCE PROJECTS THAT BENEFIT SMALL AND MIDDLE-SIZED NONPROFITS | NY | NONPROFIT FINANCE FUND | RELATED | $5 | $538 | 0 | Yes (1) | 0.00010 |
| NFF NEW MARKETS FUND XXXI LLC | |||||||||||||
| 5 HANOVER SQUARE 9TH FLOOR | NEW YORK | NY | 10004 | 464977783 | FINANCE PROJECTS THAT BENEFIT SMALL AND MIDDLE-SIZED NONPROFITS | NY | NONPROFIT FINANCE FUND | RELATED | $6 | $1,084 | 0 | Yes (1) | 0.00010 |
| NFF NEW MARKETS FUND XXXII LLC | |||||||||||||
| 5 HANOVER SQUARE 9TH FLOOR | NEW YORK | NY | 10004 | 464992297 | FINANCE PROJECTS THAT BENEFIT SMALL AND MIDDLE-SIZED NONPROFITS | NY | NONPROFIT FINANCE FUND | RELATED | $5 | $738 | 0 | Yes (1) | 0.00010 |
| NFF NEW MARKETS FUND XLII LLC | |||||||||||||
| 5 HANOVER SQUARE 9TH FLOOR | NEW YORK | NY | 10004 | 825416237 | FINANCE PROJECTS THAT BENEFIT SMALL AND MIDDLE-SIZED NONPROFITS | NY | NONPROFIT FINANCE FUND | RELATED | $6 | $997 | 0 | Yes (1) | 0.00010 |
| NFF NEW MARKETS FUND XLIII LLC | |||||||||||||
| 5 HANOVER SQUARE 9TH FLOOR | NEW YORK | NY | 10004 | 825433038 | FINANCE PROJECTS THAT BENEFIT SMALL AND MIDDLE-SIZED NONPROFITS | NY | NONPROFIT FINANCE FUND | RELATED | $6 | $9,998 | 0 | Yes (1) | 0.00010 |
| NFF NEW MARKETS FUND XLIV LLC | |||||||||||||
| 5 HANOVER SQUARE 9TH FLOOR | NEW YORK | NY | 10004 | 825447460 | FINANCE PROJECTS THAT BENEFIT SMALL AND MIDDLE-SIZED NONPROFITS | NY | NONPROFIT FINANCE FUND | RELATED | $3 | $899 | 0 | Yes (1) | 0.00010 |
| 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 | 0 | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | Yes (1) | SharingOfFacilitiesInd |
| Paid Employees Sharing | Yes (1) | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | 0 | TransferToOtherOrgInd |
| Transfer From Other Org | 0 | TransferFromOtherOrgInd |