NATIONAL COMMUNITY INVESTMENT FUND IRRV TR: Form 990, tax year 2019
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- Organization
- NATIONAL COMMUNITY INVESTMENT FUND IRRV TR (EIN 36-7120987)
- Tax period
- 2019-01-01 to 2019-12-31
- Filed
- 2020-11-16
- IRS object ID
- 202043219349315259
- Schema version
- 2019v5.1
- 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 | 2020-11-16T15:25:21-06:00 | ReturnTs |
| Tax Period End | 2019-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 362938874 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | OSTROW REISIN BERK & ABRAMS LTD | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 455 N CITYFRONT PLAZA DR SUITE 1500 | AddressLine1Txt |
| City | CHICAGO | CityNm |
| State Abbreviation | IL | StateAbbreviationCd |
| ZIP | 60611 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2019-01-01 | 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 NO 3025 | AddressLine1Txt |
| City | CHICAGO | CityNm |
| State Abbreviation | IL | StateAbbreviationCd |
| ZIP | 60603 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | STEVE MONDOZZI | PersonNm |
| Person Title | CONTROLLER | PersonTitleTxt |
| Phone | 3126626096 | PhoneNum |
| Signature | 2020-11-16 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | JAMES G QUAID | PreparerPersonNm |
| PTIN | P00641738 | PTIN |
| Phone | 3126707444 | PhoneNum |
| Preparation | 2020-11-13 | PreparationDt |
Filing Security Information FilingSecurityInformation
IP Address IPAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| I Pv4 Address | 24.55.26.181 | IPv4AddressTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IP | 2020-11-16 | IPDt |
| IP Tm | 10:22:54 | IPTm |
| IP Timezone | CS | IPTimezoneCd |
| Filing License Type | P | FilingLicenseTypeCd |
| At Submission Creation Device Id | DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 | AtSubmissionCreationDeviceId |
| At Submission Filing Device Id | 62071EF7CBA15931A8125C56E0489CC4412CFD5D | AtSubmissionFilingDeviceId |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2019 | TaxYr |
| Build TS | 2021-04-22 16:20:28Z | 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 NO 3025 | AddressLine1Txt |
| City | CHICAGO | CityNm |
| State Abbreviation | IL | StateAbbreviationCd |
| ZIP | 60603 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $6,248,211 | 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 NATIONAL NONPROFIT COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION (CDFI) FORMED IN 1996 WITH A MISSION TO INCREASE ACCESS TO RESPONSIBLE FINANCIAL PRODUCTS AND SERVICES IN UNDERSERVED COMMUNITIES. AS OF DECEMBER 31, 2019, NCIF HAS TOTAL ASSETS ON BALANCE SHEET OF $36 MILLION. IN ADDITION, IT HAS $181 MILLION OF NEW MARKETS TAX CREDITS (NMTC) ALLOCATIONS OUTSTANDING. NCIF ACHIEVES ITS MISSION VIA 3 COMPLEMENTARY BUSINESS LINES: | ActivityOrMissionDesc |
| Voting Members Governing Body | 6 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 3 | VotingMembersIndependentCnt |
| Total Employee | 0 | TotalEmployeeCnt |
| Total Volunteers | 0 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $0 | PYContributionsGrantsAmt |
| CY Contributions Grants | $553,000 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $2,997,865 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $3,047,925 | CYProgramServiceRevenueAmt |
| PY Investment Income | $267,715 | PYInvestmentIncomeAmt |
| CY Investment Income | $2,117,037 | CYInvestmentIncomeAmt |
| PY Other Revenue | $0 | PYOtherRevenueAmt |
| CY Other Revenue | $0 | CYOtherRevenueAmt |
| PY Total Revenue | $3,265,580 | PYTotalRevenueAmt |
| CY Total Revenue | $5,717,962 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $0 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $0 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $80,000 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $80,000 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $69,262 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $2,465,576 | PYOtherExpensesAmt |
| CY Other Expenses | $2,937,297 | CYOtherExpensesAmt |
| PY Total Expenses | $2,545,576 | PYTotalExpensesAmt |
| CY Total Expenses | $3,017,297 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $720,004 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $2,700,665 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $18,782,657 | TotalAssetsBOYAmt |
| Total Assets EOY | $27,816,738 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $3,641,376 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $9,275,468 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $15,141,281 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $18,541,270 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | SEE SCHEDULE O | MissionDesc |
| Significant New Program Srvc | Yes (1) | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $540,537 | ExpenseAmt |
| Revenue | $2,910,980 | RevenueAmt |
| Desc | SEE SCHEDULE O | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $920,539 | ExpenseAmt |
| Revenue | $2,746,373 | RevenueAmt |
| Desc | SEE SCHEDULE O | Desc |
Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $287,668 | ExpenseAmt |
| Revenue | $60,327 | RevenueAmt |
| Desc | SEE SCHEDULE O | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expenses | $1,748,744 | 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 | 0 | GrantsToOrganizationsInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Schedule J Required | 0 | 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 | Yes (1) | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | Yes (1) | 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 | Yes (1) | TransactionWithControlEntInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| Info In Schedule O Part V | Yes (X) | InfoInScheduleOPartVInd |
| IRP Document | 33 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| 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 | 3 | 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 | STEVE MONDOZZI | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 3126626096 | 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 (8 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | OfficerOfficerInd |
|---|---|---|---|---|---|---|
| CARLTON JENKINS | ||||||
| CHAIRMAN | 2.50 | Yes (X) | $20,000 | $0 | $0 | |
| DAVID MCGRADY | ||||||
| TRUSTEE | 2.00 | Yes (X) | $15,000 | $0 | $0 | |
| MARY TINGERTHAL | ||||||
| TRUSTEE | 2.00 | Yes (X) | $15,000 | $0 | $0 | |
| MARK WILLIS | ||||||
| TRUSTEE | 2.00 | Yes (X) | $15,000 | $0 | $0 | |
| ALFONSO LAU | ||||||
| TRUSTEE | 2.00 | Yes (X) | $15,000 | $0 | $0 | |
| SAURABH NARAIN | ||||||
| PRESIDENT & CEO | 40.00 | Yes (X) | $0 | $0 | $0 | Yes (X) |
| STEVE MONDOZZI | ||||||
| CONTROLLER | 24.00 | $0 | $0 | $0 | Yes (X) | |
| PATRICK CLARKE | ||||||
| CONTROLLER | 40.00 | $0 | $0 | $0 | Yes (X) | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $80,000 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $0 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 0 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | 0 | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp
Contractor Name ContractorName
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | NOVOGRADAC | BusinessNameLine1Txt |
Contractor Address ContractorAddress
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1160 BATTERY STREET | AddressLine1Txt |
| City | SAN FRANCISCO | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 94111 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Services | ACCOUNTING & TAX | ServicesDesc |
| Compensation | $192,500 | CompensationAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 1 | CntrctRcvdGreaterThan100KCnt |
| All Other Contributions | $553,000 | AllOtherContributionsAmt |
| Noncash Contributions | $553,000 | NoncashContributionsAmt |
| Total Contributions | $553,000 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (4 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| NMTC FEE INCOME | 525990 | $2,333,948 | $2,333,948 |
| INTEREST ON LOANS | 522291 | $412,425 | $412,425 |
| INCOME FROM INVESTMENT | 900099 | $241,225 | $241,225 |
| RESEARCH & INSIGHT INCOME | 900099 | $60,327 | $60,327 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $3,047,925 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $281 | TotalRevenueColumnAmt |
| Exclusion | $281 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $2,647,005 | SecuritiesAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $530,249 | SecuritiesAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $2,116,756 | SecuritiesAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $2,116,756 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $2,116,756 | RelatedOrExemptFuncIncomeAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $5,717,962 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $5,164,681 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $281 | ExclusionAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $80,000 | TotalAmt |
| Management And General | $80,000 | ManagementAndGeneralAmt |
Fees For Services Management FeesForServicesManagementGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $730,332 | TotalAmt |
| Program Services | $533,120 | ProgramServicesAmt |
| Management And General | $178,338 | ManagementAndGeneralAmt |
| Fundraising | $18,874 | FundraisingAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $389,557 | TotalAmt |
| Program Services | $20,753 | ProgramServicesAmt |
| Management And General | $368,804 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $61,500 | TotalAmt |
| Management And General | $61,500 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $115,505 | TotalAmt |
| Program Services | $8,850 | ProgramServicesAmt |
| Management And General | $98,255 | ManagementAndGeneralAmt |
| Fundraising | $8,400 | FundraisingAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,389 | TotalAmt |
| Program Services | $1,014 | ProgramServicesAmt |
| Management And General | $339 | ManagementAndGeneralAmt |
| Fundraising | $36 | FundraisingAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $23,101 | TotalAmt |
| Program Services | $16,863 | ProgramServicesAmt |
| Management And General | $5,641 | ManagementAndGeneralAmt |
| Fundraising | $597 | FundraisingAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $39,696 | TotalAmt |
| Program Services | $28,977 | ProgramServicesAmt |
| Management And General | $9,693 | ManagementAndGeneralAmt |
| Fundraising | $1,026 | FundraisingAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $71,472 | TotalAmt |
| Program Services | $52,172 | ProgramServicesAmt |
| Management And General | $17,453 | ManagementAndGeneralAmt |
| Fundraising | $1,847 | FundraisingAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $46,898 | TotalAmt |
| Program Services | $34,234 | ProgramServicesAmt |
| Management And General | $11,452 | ManagementAndGeneralAmt |
| Fundraising | $1,212 | FundraisingAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,915 | TotalAmt |
| Program Services | $1,398 | ProgramServicesAmt |
| Management And General | $468 | ManagementAndGeneralAmt |
| Fundraising | $49 | FundraisingAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $52,868 | TotalAmt |
| Program Services | $38,592 | ProgramServicesAmt |
| Management And General | $12,910 | ManagementAndGeneralAmt |
| Fundraising | $1,366 | FundraisingAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,980 | TotalAmt |
| Program Services | $3,635 | ProgramServicesAmt |
| Management And General | $1,216 | ManagementAndGeneralAmt |
| Fundraising | $129 | FundraisingAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $36,042 | TotalAmt |
| Program Services | $26,310 | ProgramServicesAmt |
| Management And General | $8,801 | ManagementAndGeneralAmt |
| Fundraising | $931 | FundraisingAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt | FundraisingFundraisingAmt |
|---|---|---|---|---|
| PROFESSIONAL EMPLOYER O | $1,241,400 | $906,184 | $303,135 | $32,081 |
| DUES, FEES AND SUBSCRIP | $54,126 | $39,510 | $13,217 | $1,399 |
| NMTC LLC FILING FEES | $33,857 | $24,714 | $8,268 | $875 |
| BAD DEBT EXPENSE | $15,647 | $15,647 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $17,012 | TotalAmt |
| Program Services | $12,418 | ProgramServicesAmt |
| Management And General | $4,154 | ManagementAndGeneralAmt |
| Fundraising | $440 | FundraisingAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,017,297 | TotalAmt |
| Program Services | $1,748,744 | ProgramServicesAmt |
| Management And General | $1,199,291 | ManagementAndGeneralAmt |
| Fundraising | $69,262 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $15,160 | BOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,662,722 | BOYAmt |
| EOY | $6,725,566 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $83,303 | BOYAmt |
| EOY | $124,561 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $6,299,444 | BOYAmt |
| EOY | $8,917,582 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $59,681 | BOYAmt |
| EOY | $18,126 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $0 | LandBldgEquipCostOrOtherBssAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
Investments Program Related InvestmentsProgramRelatedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $10,662,347 | BOYAmt |
| EOY | $12,030,903 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $18,782,657 | BOYAmt |
| EOY | $27,816,738 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $407,756 | BOYAmt |
| EOY | $400,567 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $70,000 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,153,620 | BOYAmt |
| EOY | $8,679,901 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $80,000 | BOYAmt |
| EOY | $125,000 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,641,376 | BOYAmt |
| EOY | $9,275,468 | 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 | $14,632,401 | BOYAmt |
| EOY | $18,178,872 | EOYAmt |
Donor Restriction Net Assets DonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $508,880 | BOYAmt |
| EOY | $362,398 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $15,141,281 | BOYAmt |
| EOY | $18,541,270 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $18,782,657 | BOYAmt |
| EOY | $27,816,738 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $2,700,665 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | $1,139,699 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | -$440,375 | 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 | $7,877,425 | C |
| EQUITY INVESTMENTS IN CDFIS | $4,126,831 | F |
| INVESTMENT IN NCIF CAPITAL, LLC | $28,729 | C |
| INVESTMENT IN NCIF MANAGEMENT, INC. | -$2,082 | C |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Program Rltd | $12,030,903 | TotalBookValueProgramRltdAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | DEPOSITS | Desc |
| Amt | $125,000 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $125,000 | 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 | NCIF IS GENERALLY EXEMPT FROM FEDERAL INCOME TAX PURSUANT TO SECTION 501(C)(4) OF THE INTERNAL REVENUE CODE. THROUGH JULY 2019, NCIF MANAGEMENT, LLC. WAS A LIMITED LIABILITY COMPANY DISREGARDED AS AN ENTITY SEPARATE FROM NCIF FOR TAX PURPOSES. NCIF CREDIT STRATEGIES FUND LLC IS A SINGLE MEMBER LIMITED LIABILITY COMPANY DISREGARDED AS AN ENTITY SEPARATE FROM NCIF FOR FEDERAL TAX PURPOSES. MANAGEMENT HAS DETERMINED THAT NCIF WAS NOT REQUIRED TO RECORD A LIABILITY RELATED TO UNCERTAIN TAX PROVISIONS AS OF DECEMBER 31, 2019. | ExplanationTxt |
Schedule L IRS990ScheduleL
Bus Tr Involve Interested Prsn BusTrInvolveInterestedPrsnGrp (3 entries)
| Relationship DescriptionRelationshipDescriptionTxt | TransactionTransactionDesc | Sharing Of RevenuesSharingOfRevenuesInd |
|---|---|---|
| DAVID MCGRADY | ||
| BOARD TRUSTEE | NCIF MADE AN EQUITY INVESTMENT IN CFBANC CORPORATION THAT OWNS 100% OF CITY FIRST BANK OF DC. DAVID IS ALSO A MEMBER OF THE GOVERNING BOARD OF CITY FIRST BANK OF DC. NCIF INVESTMENT WAS MADE PRIOR TO DAVID JOINING THE NCIF BOARD. DAVID RAISES CAPITAL AND OPERATING SUPPORT FROM FOUNDATIONS, BANKS AND OTHER INVESTORS FOR CDFIS AND NONPROFIT ORGANIZATIONS. FROM TIME TO TIME, HE PROVIDES CONSULTING SERVICES TO PARTIES WITH WHOM NCIF MAY HAVE A BUSINESS RELATIONSHIP. HE IS AN ACTIVE ADVISOR TO A NUMBER OF NEW MARKETS TAX CREDIT INVESTORS, ALLOCATEES AND QALICBS. | 0 |
| ALFONSO LAU | ||
| BOARD TRUSTEE | NCIF HAD MADE AN EQUITY INVESTMENT FIRST AMERICAN INVESTMENT CORPORATION (FAIC) THAT WAS ACQUIRED BY RBB BANCORP (RBB). ALFONSO LAU WAS A DIRECTOR ON THE BOARD OF FAIC AND REMAINS ON THE BOARD OF RBB. NCIF INVESTMENT IN FAIC/RBB WAS MADE PRIOR TO ALFONSO LAU JOINING THE NCIF BOARD. | 0 |
| CARLTON JENKINS | ||
| BOARD CHAIRMAN | NCIF PURCHASED A PORTFOLIO OF SHARES IN 2010 THAT HAD A SMALL EQUITY INVESTMENT IN ONEUNITED BANK. CARLTON JENKINS HAS COMMON STOCK IN THE BANK. NCIF ACQUIRED THE SHARES AS PART OF A PORTFOLIO PURCHASE. | 0 |
Schedule M IRS990ScheduleM
Securities Publicly Traded SecuritiesPubliclyTradedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 1 | ContributionCnt |
| Noncash Contributions Rpt F990 | $553,000 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | STOCK QUOTE | MethodOfDeterminingRevenuesTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeldInd |
| Review Process Unusual NC Gifts | 0 | ReviewProcessUnusualNCGiftsInd |
| Third Parties Used | 0 | ThirdPartiesUsedInd |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (13 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART I, LINE 1, MISSION STATEMENT (CONTINUED) | 1. EQUITY INVESTING IN MISSION-ORIENTED CDFI AND MINORITY BANKS AS AGENTS OF CHANGE. EQUITY INVESTMENTS ARE LEVERAGED 8 TIMES BY THESE INSTITUTIONS TO MAKE LOANS AND PROVIDE DEPOSITORY SERVICES IN UNDERSERVED MARKETS. 2. NEW MARKETS TAX CREDITS: SINCE 2003, NCIF HAS RECEIVED $326 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: DURING 2019, NCIF LAUNCHED A 100% OWNED SUBSIDIARY CALLED NCIF CREDIT STRATEGIES FUND (CSF) WITH NEW DEBT CAPITAL OF $15 MILLION. NCIF WILL MAKE LOANS IN PARTNERSHIP WITH CDFI AND MINORITY BANKS 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 HAS INFORMED LENDERS, GRANTORS, DEPOSITORS AND OTHER STAKEHOLDERS USING THESE METRICS TO INCREASE CAPITAL FLOW TO UNDERSERVED MARKETS. NCIF PIONEERED THE USE OF SOCIAL PERFORMANCE METRICS (SEE WWW.BANKIMPACT.ORG AND WWW.BANKIMPACTMAPS.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 III, LINE 1, MISSION STATEMENT: | NCIF INVESTS CAPITAL IN INSTITUTIONS, PRIMARILY BANKS THAT INCREASE ACCESS TO RESPONSIBLE FINANCIAL PRODUCTS AND SERVICES IN UNDERSERVED COMMUNITIES. NCIF CONTRIBUTES TO THEIR SUCCESS BY AGGREGATING CAPITAL AND KNOWLEDGE AND LEVERAGING OPPORTUNITIES. NCIF GENERATES REASONABLE FINANCIAL, SOCIAL, AND ENVIRONMENTAL RETURNS FOR ITS LENDERS AND FUNDERS. |
| FORM 990, PART III, LINE 2 | CSF IS A WHOLLY-OWNED PASS THROUGH SUBSIDIARY OF NCIF FORMED ON JUNE 14, 2019. CSF WAS SET UP TO RAISE DEBT FROM LENDERS THAT SUPPLEMENTS NCIF LENDING ACTIVITY TO PROJECTS THAT INCREASE IMPACT. CSF ACQUIRED A PORTION OF THE EQUITY PORTFOLIO FROM NCIF AT THE ORIGINAL ACQUISITION COST OF $13.3 MILLION AT WHICH NCIF ACQUIRED THE EQUITIES. THIS TREATMENT WAS CONSISTENT WITH GAAP AND WAS ADVISED BY LEGAL COUNSEL AND EXTERNAL AUDITORS TO ENSURE THAT THE ASSETS WERE TRANSFERRED AT ARMS LENGTH. THIS PORTFOLIO WAS USED TO RAISE $15 MILLION OF NEW LOW COST DEBT CAPITAL. IN FUTURE YEARS, NCIF EXPECTS TO RAISE ADDITIONAL DEBT USING THIS MECHANISM. |
| FORM 990, PART III, LINE 4A | EQUITY INVESTING: AS OF 12/31/2019, NCIF AND CSF'S PORTFOLIO CONSISTS OF EQUITY INVESTMENTS OF $12.0 MILLION IN 17 MOFIS AND DEPOSITS THROUGHOUT THE NATION. NCIF AND CSF RECEIVES REVENUE IN THE FORM OF INTEREST, DIVIDENDS, AND CAPITAL GAINS UPON SALE FROM DIRECT INVESTMENTS. NCIF AND CSF PAY A MANAGEMENT FEE TO NCIF MANAGEMENT INC. FOR MANAGING THE PORTFOLIOS. THIS IS ALLOCATED TO ALL THE LINES OF BUSINESSES. |
| FORM 990, PART III, LINE 4B | NMTC: USING THE NMTC PROGRAM NCIF NOT ONLY FACILITATES LENDING TO PROJECTS LOCATED IN UNDERSERVED MARKETS BUT ALSO ENABLES OUR NETWORK BANK PARTNERS TO BOOK HIGH QUALITY LOANS. THE NMTC PROGRAM WAS CREATED TO CATALYZE MUCH NEEDED ECONOMIC DEVELOPMENT INVESTMENT INTO ECONOMICALLY DISTRESSED, LOW-INCOME COMMUNITIES. NCIF HAS BEEN AWARDED A TOTAL OF $326 MILLION IN NMTC ALLOCATIONS ACROSS THE 2003, 2008, 2009, 2012, 2013, 2016 AND 2017 PROGRAM YEARS. AS OF DECEMBER 31,2019, NCIF HAS CLOSED 40 DEALS UTILIZING $288.5 MILLION OF ITS NMTC ALLOCATION. NCIF AND CSF PAY A MANAGEMENT FEE TO NCIF MANAGEMENT INC. FOR MANAGING THE PORTFOLIOS. THIS IS ALLOCATED TO ALL THE LINES OF BUSINESSES. |
| FORM 990, PART III, LINE 4C | DIRECT LENDING: IN AUGUST 2019, NCIF SUCCESSFULLY LAUNCHED ITS 100% SUBSIDIARY CALLED CREDIT STRATEGIES FUND AND RECEIVED LOAN COMMITMENTS OF $15 MILLION FROM FIVE FINANCIAL INSTITUTIONS. THIS FUNDING WAS COMPRISED OF SENIOR AND SUBORDINATED DEBT. THE LOAN COMMITMENTS WERE MADE TO INCREASE THE LENDING LINE OF BUSINESS. DURING 2019, NCIF BORROWED $6.2 MILLION FROM THE LOAN COMMITMENTS OF $15 MILLION TO DEPLOY THIS FUNDING IN THE FORM OF LOANS TO BUSINESSES IN UNDERSERVED MARKETS, CONGRUENT WITH NCIF'S MISSION TO PROVIDE FUNDING TO THESE COMMUNITIES. AS OF 12/31/2019, BOTH CSF AND NCIF HELD LOANS OUTSTANDING TO BUSINESSES IN UNDERSERVED COMMUNITIES IN THE AMOUNTS OF $7.7 MILLION AND $1.3 MILLION, RESPECTIVELY. NCIF PLANS TO FULLY DEPLOY THE ORIGINAL $15 COMMITMENT THROUGHOUT 2020 AND EARLY 2021, AND IS IN THE MIDST OF RAISING ADDITIONAL LOANS TO FURTHER MISSION GOALS. NCIF AND CSF PAY A MANAGEMENT FEE TO NCIF MANAGEMENT INC. FOR MANAGING THE PORTFOLIOS. THIS IS ALLOCATED TO ALL THE LINES OF BUSINESSES. |
| FORM 990, PART V, LINE 2A AND PART VII: | NCIF HAS DELEGATED THE SERVICES OF NCIF AND CSF TO NCIF MANAGEMENT, INC, A FOR-PROFIT SUBSIDIARY 100% OWNED BY NCIF. THE EMPLOYEES OF NCIF MANAGEMENT, INC. ARE CO-EMPLOYEES OF INSPERITY, A PROFESSIONAL EMPLOYER ORGANIZATION (PEO). THIS INCLUDES THE PRESIDENT & CEO, SENIOR VICE PRESIDENT, VICE PRESIDENT AND THE CONTROLLERS. |
| FORM 990, PART VI, SECTION A, LINE 3 | NCIF AND CSF SIGNED A SERVICE AGREEMENT WITH NCIF MANAGEMENT, INC. (CONVERTED IN 2019 TO A "C-CORPORATION" FROM NCIF MANAGEMENT LLC) FOR THE PURPOSE OF PROVIDING ADMINISTRATIVE, AND MANAGEMENT SERVICES TO NCIF AND CSF. NCIF MANAGEMENT, INC. IS 100% OWNED SUBSIDIARY OF NCIF. THE TRUSTEES HAVE FULL RESPONSIBILITY FOR MANAGING NCIF, THROUGH THEIR ELECTION AS THE BOARD OF DIRECTORS OF NCIF MANAGEMENT INC. |
| FORM 990, PART VI, SECTION B, LINE 11B | THE FORM 990 IS REVIEWED IN DETAIL BY AT LEAST TWO EMPLOYEES OF NCIF MANAGEMENT, INC. AND IS PRESENTED TO THE AUDIT COMMITTEE FOR THEIR REVIEW BEFORE IT IS FILED. THE FORM 990 IS ALSO DISCLOSED TO ALL TRUSTEES. |
| 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 | DURING 2010, THE TRUSTEES ENGAGED A CONSULTING FIRM TO REVIEW AND DETERMINE COMPENSATION FOR THE PRESIDENT AND CEO. STAFF COMPENSATION IS DETERMINED BY THE PRESIDENT AND CEO, BASED ON MARKET COMPARABLES AND INFORMATION RECEIVED FROM INSPERITY AND SIMILAR ORGANIZATIONS. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE NOT AVAILABLE TO THE GENERAL PUBLIC. THE FINANCIAL STATEMENTS ARE PUBLICLY DISCLOSED ON THE ORGANIZATION'S WEBSITE. |
| FORM 990, PART XI, LINE 9: | AMORTIZATION OF LOAN DISCOUNT -146,482. IMPAIRMENT LOSS ON INVESTMENTS -293,893. |
Schedule R IRS990ScheduleR
Id Disregarded Entities IdDisregardedEntitiesGrp (3 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 MANAGEMENT LLC | |||||||||
| 135 S LASALLE SUITE 3025 | CHICAGO | IL | 60603 | 273629124 | PROVIDE ADMINISTRATIVE AND MANAGEMENT SERVICES | IL | $1,707,795 | $0 | NATIONAL COMMUNITY INVESTMENT FUND |
| NCIF CREDIT STRATEGIES FUND LLC | |||||||||
| 135 S LASALLE SUITE 3025 | CHICAGO | IL | 60603 | 842147222 | LENDING AND INVESTING | IL | $1,017,331 | $20,011,297 | NATIONAL COMMUNITY INVESTMENT FUND |
| NCIF MANAGING MEMBER LLC | |||||||||
| 135 S LASALLE SUITE 3025 | CHICAGO | IL | 60603 | 842133614 | HOLDING COMPANY - INVESTMENT IN NCIF CREDIT STRATEGIES FUND LLC | IL | $428,862 | $13,735,104 | NATIONAL COMMUNITY INVESTMENT FUND |
Id Related Org Txbl Partnership IdRelatedOrgTxblPartnershipGrp (57 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Direct Controlling NADirectControllingNACd |
|---|---|---|---|---|---|---|---|
| NCIF NEW MARKETS CAPITAL FUND II CDE LLC | |||||||
| 135 S LASALLE STREET SUITE 3025 | CHICAGO | IL | 60603 | 043730590 | INVESTING IN LOW-INCOME COMMUNITIES | DE | N/A |
| NCIF NEW MARKETS CAPITAL FUND III CDE LLC | |||||||
| 135 S LASALLE STREET SUITE 3025 | CHICAGO | IL | 60603 | 043730551 | INVESTING IN LOW-INCOME COMMUNITIES | DE | N/A |
| NCIF NEW MARKETS CAPITAL FUND IV CDE LLC | |||||||
| 135 S LASALLE STREET SUITE 3025 | CHICAGO | IL | 60603 | 383791768 | INVESTING IN LOW-INCOME COMMUNITIES | DE | N/A |
| NCIF NEW MARKETS CAPITAL FUND V CDE LLC | |||||||
| 135 S LASALLE STREET SUITE 3025 | CHICAGO | IL | 60603 | 383791769 | INVESTING IN LOW-INCOME COMMUNITIES | DE | N/A |
| NCIF NEW MARKETS CAPITAL FUND VI CDE LLC | |||||||
| 135 S LASALLE STREET SUITE 3025 | CHICAGO | IL | 60603 | 383791770 | INVESTING IN LOW-INCOME COMMUNITIES | DE | N/A |
| NCIF NEW MARKETS CAPITAL FUND VII CDE LLC | |||||||
| 135 S LASALLE STREET SUITE 3025 | CHICAGO | IL | 60603 | 383791771 | INVESTING IN LOW-INCOME COMMUNITIES | DE | N/A |
| NCIF NEW MARKETS CAPITAL FUND VIII CDE LLC | |||||||
| 135 S LASALLE STREET SUITE 3025 | CHICAGO | IL | 60603 | 453342249 | INVESTING IN LOW-INCOME COMMUNITIES | DE | N/A |
| NCIF NEW MARKETS CAPITAL FUND IX CDE LLC | |||||||
| 135 S LASALLE STREET SUITE 3025 | CHICAGO | IL | 60603 | 453342421 | INVESTING IN LOW-INCOME COMMUNITIES | DE | N/A |
| NCIF NEW MARKETS CAPITAL FUND X CDE LLC | |||||||
| 135 S LASALLE STREET SUITE 3025 | CHICAGO | IL | 60603 | 453342611 | INVESTING IN LOW-INCOME COMMUNITIES | DE | N/A |
| NCIF NEW MARKETS CAPITAL FUND XI CDE LLC | |||||||
| 135 S LASALLE STREET SUITE 3025 | CHICAGO | IL | 60603 | 453342735 | INVESTING IN LOW-INCOME COMMUNITIES | DE | N/A |
| NCIF NEW MARKETS CAPITAL FUND XII CDE LLC | |||||||
| 135 S LASALLE STREET SUITE 3025 | CHICAGO | IL | 60603 | 453342803 | INVESTING IN LOW-INCOME COMMUNITIES | DE | N/A |
| NCIF NEW MARKETS CAPITAL FUND XIII CDE LLC | |||||||
| 135 S LASALLE STREET SUITE 3025 | CHICAGO | IL | 60603 | 462809718 | INVESTING IN LOW-INCOME COMMUNITIES | DE | N/A |
| NCIF NEW MARKETS CAPITAL FUND XIV CDE LLC | |||||||
| 135 S LASALLE STREET SUITE 3025 | CHICAGO | IL | 60603 | 462930012 | INVESTING IN LOW-INCOME COMMUNITIES | DE | N/A |
| NCIF NEW MARKETS CAPITAL FUND XV CDE LLC | |||||||
| 135 S LASALLE STREET SUITE 3025 | CHICAGO | IL | 60603 | 432937063 | INVESTING IN LOW-INCOME COMMUNITIES | DE | N/A |
| NCIF NEW MARKETS CAPITAL FUND XVI CDE LLC | |||||||
| 135 S LASALLE STREET SUITE 3025 | CHICAGO | IL | 60603 | 462963043 | INVESTING IN LOW-INCOME COMMUNITIES | DE | N/A |
| NCIF NEW MARKETS CAPITAL FUND XVII CDE LLC | |||||||
| 135 S LASALLE STREET SUITE 3025 | CHICAGO | IL | 60603 | 463044204 | INVESTING IN LOW-INCOME COMMUNITIES | DE | N/A |
| NCIF NEW MARKETS CAPITAL FUND XVIII CDE LLC | |||||||
| 135 S LASALLE STREET SUITE 3025 | CHICAGO | IL | 60603 | 463174154 | INVESTING IN LOW-INCOME COMMUNITIES | DE | N/A |
| NCIF NEW MARKETS CAPITAL FUND XIX CDE LLC | |||||||
| 135 S LASALLE STREET SUITE 3025 | CHICAGO | IL | 60603 | 471418687 | INVESTING IN LOW-INCOME COMMUNITIES | DE | N/A |
| NCIF NEW MARKETS CAPITAL FUND XX CDE LLC | |||||||
| 135 S LASALLE STREET SUITE 3025 | CHICAGO | IL | 60603 | 471431588 | INVESTING IN LOW-INCOME COMMUNITIES | DE | N/A |
| NCIF NEW MARKETS CAPITAL FUND XXI CDE LLC | |||||||
| 135 S LASALLE STREET SUITE 3025 | CHICAGO | IL | 60603 | 471442883 | INVESTING IN LOW-INCOME COMMUNITIES | DE | N/A |
| NCIF NEW MARKETS CAPITAL FUND XXII CDE LLC | |||||||
| 135 S LASALLE STREET SUITE 3025 | CHICAGO | IL | 60603 | 471451806 | INVESTING IN LOW-INCOME COMMUNITIES | DE | N/A |
| 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 |
| 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 |
| 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 |
| 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 |
| 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 |
| 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 |
| 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 |
| 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 |
| 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 |
| 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 |
| 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 |
| 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 |
| 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 |
| 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 |
| 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 |
| 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 |
| 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 |
| 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 |
| 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 |
| 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 |
| 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 |
| 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 |
| 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 |
| 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 |
| 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 |
| 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 |
| 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 |
| NCIF NEW MARKETS CAPITAL FUND 50 CDE LLC | |||||||
| 135 S LASALLE STREET SUITE 3025 | CHICAGO | IL | 60603 | 843373127 | INVESTING IN LOW-INCOME COMMUNITIES | DE | N/A |
| NCIF NEW MARKETS CAPITAL FUND 51 CDE LLC | |||||||
| 135 S LASALLE STREET SUITE 3025 | CHICAGO | IL | 60603 | 843421586 | INVESTING IN LOW-INCOME COMMUNITIES | DE | N/A |
| 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 |
| NCIF NEW MARKETS CAPITAL FUND 53 CDE LLC | |||||||
| 135 S LASALLE STREET SUITE 3025 | CHICAGO | IL | 60603 | 843451978 | INVESTING IN LOW-INCOME COMMUNITIES | DE | N/A |
| NCIF NEW MARKETS CAPITAL FUND 54 CDE LLC | |||||||
| 135 S LASALLE STREET SUITE 3025 | CHICAGO | IL | 60603 | 843471045 | INVESTING IN LOW-INCOME COMMUNITIES | DE | N/A |
| NCIF NEW MARKETS CAPITAL FUND 55 CDE LLC | |||||||
| 135 S LASALLE STREET SUITE 3025 | CHICAGO | IL | 60603 | 843482521 | INVESTING IN LOW-INCOME COMMUNITIES | DE | N/A |
| NCIF NEW MARKETS CAPITAL FUND 56 CDE LLC | |||||||
| 135 S LASALLE STREET SUITE 3025 | CHICAGO | IL | 60603 | 843496616 | INVESTING IN LOW-INCOME COMMUNITIES | DE | N/A |
| NCIF NEW MARKETS CAPITAL FUND 57 CDE LLC | |||||||
| 135 S LASALLE STREET SUITE 3025 | CHICAGO | IL | 60603 | 843512698 | INVESTING IN LOW-INCOME COMMUNITIES | DE | N/A |
| NCIF NEW MARKETS CAPITAL FUND 58 CDE LLC | |||||||
| 135 S LASALLE STREET SUITE 3025 | CHICAGO | IL | 60603 | 843539163 | INVESTING IN LOW-INCOME COMMUNITIES | DE | N/A |
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 | $203 | $47,316 | 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 | $730,332 | $321,450 | 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 | Yes (1) | 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 | 0 | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | 0 | TransferToOtherOrgInd |
| Transfer From Other Org | 0 | TransferFromOtherOrgInd |
Transactions Related Org TransactionsRelatedOrgGrp
Other Organization Name OtherOrganizationName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | NCIF MANAGEMENT INC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Transaction Type | M | TransactionTypeTxt |
| Involved | $730,332 | InvolvedAmt |
| Method Of Amount Determination | SERVICE AGREEMENT | MethodOfAmountDeterminationTxt |