New Hampshire Community Loan Fund
- Assets
- $178.8m
- Revenue
- $15.8m
- Investments
- $0.0
- Employees
- 61
- Location
- Concord, NH
- Founding
- 05/1984
- Data as of
- 06/2022
- EIN
- 22-2524015
Organization Overview
New Hampshire Community Loan Fund is located in Concord, NH. The organization was established in 1984. According to its NTEE Classification (S12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2022, New Hampshire Community Loan Fund employed 61 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Hampshire Community Loan Fund is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, New Hampshire Community Loan Fund generated $15.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.5% each year. All expenses for the organization totaled $10.9m during the year ending 06/2022. While expenses have increased by 0.1% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TRADITIONALLY UNDERSERVED PEOPLE TO ATTAIN AFFORDABLE HOMES, QUALITY JOBS AND CHILD CARE, AND BECOME FINANCIALLY INDEPENDENT. WE DO THIS BY PROVIDING LOANS, CAPITAL AND TECHNICAL ASSISTANCE;COMPLEMENTING AND EXTENDING THE REACH OF CONVENTIONAL LENDERS AND PUBLIC INSTITUTIONS; AND BRINGING PEOPLE AND INSTITUTIONS TOGETHER TO SOLVE PROBLEMS.ESTABLISHED IN 1983, THE COMMUNITY LOAN FUND WAS ONE OF THE FIRSTCOMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS IN THE NATION AND ISRECOGNIZED AS A NATIONAL LEADER FOR ITS INNOVATION, SOCIAL IMPACT,FINANCIAL STRENGTH AND PERFORMANCE. THE COMMUNITY LOAN FUND WAS THE 2009 RECIPIENT OF THE NEXT AWARD FOR OPPORTUNITY FINANCE, THE HIGHEST HONOR IN OUR FIELD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AFFORDABLE HOUSING - SEE SCHEDULE O
CAPITALIZATION AND PHILANTHROPY - SEE SCHEDULE O
BUSINESS FINANCE - SEE SCHEDULE O
SINCE 1984, OUR COMMUNITY SERVICES FINANCING HAS SUPPORTED ESSENTIAL SERVICES, INCLUDING CENTER- AND HOME-BASED CHILD DEVELOPMENT SERVICES, BY HELPING NONPROFIT ORGANIZATIONS BUY, RENOVATE, OR BUILD FACILITIES. THE COMMUNITY LOAN FUND HAS MADE 132 COMMUNITY SERVICES LOANS TOTALING OVER $36 MILLION. IN FY2022, THE COMMUNITY LOAN FUND MADE TWO COMMUNITY SERVICES LOANS TOTALING OVER $135,000.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steve Saltzman President & CEO | OfficerTrustee | 40 | $153,587 |
Bonnie Scadova Chief Financial Officer | Officer | 40 | $141,792 |
John Hamilton Former President | 40 | $126,225 | |
Cydney Dodge COO (until 4/2022) | 40 | $122,568 | |
Debra Miller Exec VP Strategic Partnerships & Philanthropy | 40 | $122,523 | |
Tara Reardon VP Of Roc-Nh & External Relations | 40 | $114,114 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $3,326,620 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,588,420 |
| Noncash contributions included in lines 1a–1f | $90,448 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,915,040 |
| Total Program Service Revenue | $10,472,885 |
| Investment income | $189,911 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $15,842,700 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $32,632 |
| Grants and other assistance to domestic individuals. | $24,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $403,106 |
| Compensation of current officers, directors, key employees. | $150,516 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,618,646 |
| Pension plan accruals and contributions | $149,835 |
| Other employee benefits | $465,937 |
| Payroll taxes | $309,415 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $29,501 |
| Fees for services: Accounting | $75,976 |
| Fees for services: Lobbying | $58,375 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $438,793 |
| Advertising and promotion | $19,093 |
| Office expenses | $556,069 |
| Information technology | $59,841 |
| Royalties | $0 |
| Occupancy | $114,717 |
| Travel | $38,172 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $25,422 |
| Interest | $4,061,533 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $233,794 |
| Insurance | $106,058 |
| All other expenses | $0 |
| Total functional expenses | $10,930,181 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $7,053,293 |
| Pledges and grants receivable | $917,650 |
| Accounts receivable, net | $623,047 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $144,796 |
| Net Land, buildings, and equipment | $3,890,092 |
| Investments—publicly traded securities | $12,134,117 |
| Investments—other securities | $0 |
| Investments—program-related | $154,058,413 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $178,821,408 |
| Accounts payable and accrued expenses | $2,023,926 |
| Grants payable | $0 |
| Deferred revenue | $277,053 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $125,311,702 |
| Other liabilities | $12,666,369 |
| Total liabilities | $140,279,050 |
| Net assets without donor restrictions | $30,167,699 |
| Net assets with donor restrictions | $8,374,659 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $178,821,408 |
Grants Awarded
Over the last fiscal year, New Hampshire Community Loan Fund has awarded $32,632 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
WOODBURY COOPERATIVE INC PURPOSE: SITE IMPROVEMENTS | $23,529 |
COLEBROOK HOMEOWNER'S COOPERATIVE INC PURPOSE: CONSULTING REGARDING DEMOLITION OF EXISTING MANUFACTURED HOMES | $9,103 |
Grants Recieved
Over the last fiscal year, we have identified 12 grants that New Hampshire Community Loan Fund has recieved totaling $391,421.
| Awarding Organization | Amount |
|---|---|
New Hampshire Charitable Foundation Concord, NH PURPOSE: For general support, admin, Woodbury Coop, various funds, desig. dist. | $302,356 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $40,000 |
Endowment For Health Inc Concord, NH PURPOSE: TO FACILITATE THE RESILIENCE AND GROWTH OF BUSINESSES OWNED BY PEOPLE OF COLOR THAT CONTRIBUTE TO THE VITALITY AND HEALTH OF NEW HAMPSHIRE BY ESTABLISHING A PLATFORM FROM WHICH MINORITY-OWNED BUSINESSES CAN ACCESS CAPITAL AND TECHNICAL ASSISTANCE. | $25,000 |
Monadnock United Way Inc Keene, NH PURPOSE: COMMUNITY BUILDING | $5,500 |
Elsie Procter Van Buren Foundation Hancock, NH PURPOSE: CHARITABLE | $5,000 |
Tuthill Family Foundation Inc Hingham, MA PURPOSE: PROVIDING FUNDS TO UNDERSERVED PEOPLE | $4,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
New Hampshire Community Loan Fund Concord, NH | $178,821,408 | $15,842,700 |
Masonic Education And Charity Trust Boston, MA | $82,618,373 | $2,222,498 |
Transgender Emergency Fund Of Massachusetts Dorchester, MA | $108,792 | $726,756 |
Management Information Exchange Boston, MA | $1,180,476 | $575,527 |
Stowe Community Fund Inc Stowe, VT | $187,518 | $382,274 |
Portside Foundation Falmouth, ME | $50,248 | $227,223 |
Medfield Foundation Inc Medfield, MA | $847,499 | $434,190 |
Salem Community Benefits Inc Salem, NH | $298,853 | $100,237 |
In The Weeds Inc Humarock, MA | $62,110 | $0 |
Friends Of Herter Park Inc Allston, MA | $55,349 | $0 |
First Night Uxbridge Inc Uxbridge, MA | $1,385 | $47,906 |
Kennebunk Rotary Charitable Fund Kennebunk, ME | $124,195 | $0 |