Ncrc Community Development Fund Inc

Organization Overview

Ncrc Community Development Fund Inc is located in Washington, DC. The organization was established in 2010. According to its NTEE Classification (S40) the organization is classified as: Business & Industry, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ncrc Community Development Fund Inc 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 12/2021, Ncrc Community Development Fund Inc generated $6.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.9% each year . All expenses for the organization totaled $3.9m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.

Since 2021, Ncrc Community Development Fund Inc has awarded 66 individual grants totaling $2,250,000. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO ACT AS A LENDING INSTITUTION TO LOW AND MODERATE INCOME INDIVIDUALS AND FAMILIES AND TO PROVIDE CREDIT TO LOW IN INCOME INDIVIDUALS AND BUSINESSES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE NCRC COMMUNITY DEVELOPMENT FUND IS A NON PROFIT THAT MEASURES THE SUCCESS OF ITS INVESTMENTS BY FINANCIAL RETURN AND POSITIVE SOCIAL IMPACT IN ITS MARKETS ACROSS THE UNITED STATES, SERVING WOMEN AND MINORITY-OWNED BUSINESSES, AND AFFORDABLE HOUSING AND HOME OWNERSHIP. TO DATE, NCRC CDFI HAS DIRECTLY LENT OVER $5,400,000 TO WOMEN, MINORITY, AND LOW INCOME OWNED BUSINESSES IN TARGET MARKET AREAS ACROSS THE UNITED STATES. NCRC CDFI HAS ALSO PROVIDED LOANS TO REHAB OR DEVELOP OVER 900 HOMES PRIMARILY IN LOW TO MODERATE INCOME CENSUS TRACTS OR FOR LOW TO MODERATE INCOME PERSONS.


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Board, Officers & Key Employees

Name (title)Compensation
Maryellen Lewis
Secretary
$0
Irvin Henderson
Treasurer
$0
John Taylor
Board Chair
$0
Jesse Van Tol
Board Chair
$0
Marisa Calderon
Executive Director
$0
Charles Harris
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$5,726,265
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$5,726,265
Total Program Service Revenue$1,120,341
Investment income $12,588
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 $6,859,194

Grants Awarded

Over the last fiscal year, Ncrc Community Development Fund Inc has awarded $2,250,000 in support to 66 organizations.

Grant RecipientAmount

NATIONAL COMMUNITY REINVESTMENT COALITION INC

Org PageRecipient Profile

Washington, DC

PURPOSE: SUPPORT OPERATIONS RELATED TO SMALL BUSINESS PROGRAMMING/SUPPORT OF DC WOMEN'S BUSINESS CENTER

$950,000

AIRCUTS & DAY SPA LLC

PURPOSE: SMALL BUSINESS SUPPORT

$20,000

AMBROSIA EVENTS LLC

PURPOSE: SMALL BUSINESS SUPPORT

$20,000

AR PROFESSIONAL PROPERTY PRESERVATION INC

PURPOSE: SMALL BUSINESS SUPPORT

$20,000

1ST NEEDS MEDICAL

PURPOSE: SMALL BUSINESS SUPPORT

$20,000

AFFORDABLE HOUSING CONSULTANTS INC

PURPOSE: SMALL BUSINESS SUPPORT

$20,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 2 grants that Ncrc Community Development Fund Inc has recieved totaling $900,000.

Awarding OrganizationAmount
Citi Foundation

New York, NY

PURPOSE: SMALL BUSINESS TECHNICAL ASSISTANCE INITIATIVE

$500,000
National Community Reinvestment Coalition Inc

Washington, DC

PURPOSE: FIELD EMPOWERMENT FUND

$400,000
View Grant Recipient Profile

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