National Community Reinvestment Coalition Inc
- Assets
- $111.7m
- Revenue
- $10.9m
- Investments
- $0.0
- Employees
- 84
- Location
- Washington, DC
- Founding
- 08/1992
- Data as of
- 12/2020
- EIN
- 52-1766126
Organization Overview
National Community Reinvestment Coalition Inc is located in Washington, DC. The organization was established in 1992. According to its NTEE Classification (S02) the organization is classified as: Management & Technical Assistance, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, National Community Reinvestment Coalition Inc employed 84 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. National Community Reinvestment Coalition 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 12/2020, National Community Reinvestment Coalition Inc generated $10.9m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (6.9%) each year. All expenses for the organization totaled $12.8m during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (2.4%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, National Community Reinvestment Coalition Inc has awarded 452 individual grants totaling $19,027,637. 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
INCREASE FAIR AND EQUAL ACCESS TO CREDIT, CAPITAL AND FINANCIAL SERVICES AND PRODUCTS. NCRC SEEKS TO SUPPORT AND PROVIDE LONG-TERM SOLUTIONS WHICH INCLUDE PROVIDING TOOLS TO BUILDING COMMUNITY AND INDIVIDUAL NET WORTH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOUSING COUNSELING NETWORK AND NATIONAL TRAINING ACADEMY. NATIONAL COMMUNITY REINVESTMENT COALITION IS A RECOGNIZED HUD CERTIFIED NATIONAL HOUSING COUNSELING INTERMEDIARY. THROUGH THE NCRC HOUSING COUNSELING NETWORK INITIATIVE, PROFESSIONAL HOUSING COUNSELORS AND MORTGAGE ADVISORS PROVIDE COMPREHENSIVE HOUSING COUNSELING TO CONSUMERS DIRECTLY FROM NCRC'S HIGHLY TRAINED STAFF BASED IN WASHINGTON, D.C., AND THROUGH A NETWORK OF HCN "PARTNER" MEMBER ORGANIZATIONS LOCATED THROUGHOUT THE NATION. THE NATIONAL TRAINING ACADEMY BUILDS CAPACITIES OF ORGANIZATIONS TO SERVE THEIR CONSTITUENTS WITH GREATER IMPACT.
FIELD EMPOWERMENT FUND - NCRC LAUNCHED THE FIELD EMPOWERMENT FUND (FEF), A SUBGRANT PROGRAM THAT PROVIDES FLEXIBLE FUNDS TO ITS NETWORK MEMBERS. THE FUND AIMS TO HELP START AND SCALE-UP INNOVATIVE INVESTMENTS THAT PROMOTE WEALTH IN TRADITIONALLY UNDERSERVED COMMUNITIES, ESPECIALLY THOSE THAT HAVE BEEN DISPROPORTIONATELY IMPACTED BY COVID-19. NCRC'S MEMBERS HAVE A HISTORY OF ADVANCING PROGRESSIVE APPROACHES AND PRACTICES TO MITIGATE LONG-STANDING DISPARITIES. IT IS NCRC'S MISSION TO FURTHER EMPOWER THEIR EFFORTS BY PROVIDING UNRESTRICTED CAPITAL.
MEMBERSHIP, RESEARCH & NCRC'S JUST ECONOMY CONFERENCE:MEMBERSHIP: NATIONAL COMMUNITY REINVESTMENT COALITION PROVIDES BROAD SET OF BENEFITS AND SPECIAL SERVICES FOR ITS MEMBER ORGANIZATIONS, INCLUDING CUSTOMIZED DATA ANALYSIS, TRAININGS, TECHNICAL ASSISTANCE, LEGISLATIVE AND REGULATORY UPDATES, AND MORE.RESEARCH: NCRC'S RESEARCH ANALYSIS PROVIDES POWERFUL TOOLS FOR ADVOCATES AND ORGANIZATIONS SEEKING TO UNDERSTAND AND ADDRESS PATTERNS OF LENDING AND INVESTMENT IN THEIR COMMUNITIES.NCRC'S JUST ECONOMY CONFERENCE: NATIONAL COMMUNITY REINVESTMENT COALITION'S ANNUAL CONFERENCE IS ONE OF THE NATION'S LARGEST GATHERINGS OF COMMUNITY NON- PROFITS, POLICYMAKERS, GOVERNMENT OFFICIALS, SMALL BUSINESSES, FINANCIAL INSTITUTIONS AND ACADEMIA. THE CONFERENCE INCLUDES A WIDE RANGE OF CUTTING-EDGE WORKSHOPS ON COMMUNITY ORGANIZING AND ADVOCACY, HOUSING, ACCESS TO CAPITAL AND CREDIT, WORKFORCE AND COMMUNITY DEVELOPMENT, FAIR LENDING AND BUSINESS DEVELOPMENT. IT ALSO FEATURES THE FOREMOST EXPERTS AND ADVOCATES SHARING NEW DEVELOPMENTS, BEST PRACTICES AND INNOVATIVE IDEAS FOR COMMUNITY REINVESTMENT AS WELL AS KEYNOTE ADDRESSES FROM PROMINENT OFFICIALS AND LEADERS IN THE FIELD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jesse Van Tol President & CEO | Officer | 40 | $351,943 |
John Taylor President & Founder Until 8/21 | Officer | 40 | $315,856 |
James Lum CFO Until 9/21 | Officer | 40 | $229,897 |
Alice Bodley COO & Legal Counsel | Officer | 40 | $222,038 |
Bradley Blower General Counsel | 40 | $208,051 | |
Dedrick Asante-Muhammad Chief Membership, Policy & Equity | Officer | 40 | $197,899 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Equivico Llc Professional Fees | 12/30/21 | $324,649 |
Ncrc Housing Rehab Fund Professional Fees | 12/30/21 | $214,100 |
Cliftonlarsonallen Llp Audit And Tax Fees | 12/30/21 | $116,827 |
Seward & Kissel Llp Legal Fees | 12/30/21 | $333,649 |
Holland & Knight Llp Legal Fees | 12/30/21 | $125,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $11,695,873 |
| Investment income | $53,649 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$1,388,989 |
| Net Gain/Loss on Asset Sales | $63,260 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,929,174 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $2,216,021 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,440,952 |
| Pension plan accruals and contributions | $203,300 |
| Other employee benefits | $449,688 |
| Payroll taxes | $404,911 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $284,635 |
| Fees for services: Accounting | $85,590 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,681,229 |
| Advertising and promotion | $89,180 |
| Office expenses | $147,162 |
| Information technology | $124,491 |
| Royalties | $0 |
| Occupancy | $442,979 |
| Travel | $197,494 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $97,247 |
| Interest | $58,351 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $100,851 |
| Insurance | $43,290 |
| All other expenses | $0 |
| Total functional expenses | $12,825,664 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,043,413 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,554,815 |
| Accounts receivable, net | $2,543,718 |
| 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 | $158,270 |
| Investments—publicly traded securities | $2,526,879 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $13,195,735 |
| Total assets | $111,740,328 |
| Accounts payable and accrued expenses | $1,297,026 |
| Grants payable | $0 |
| Deferred revenue | $2,017,221 |
| 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 | $103,726,896 |
| Unsecured mortgages and notes payable | $1,325,829 |
| Other liabilities | $12,973,789 |
| Total liabilities | $121,340,761 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | -$9,600,433 |
Grants Awarded
Over the last fiscal year, National Community Reinvestment Coalition Inc has awarded $3,469,203 in support to 49 organizations.
| Grant Recipient | Amount |
|---|---|
Washington, DC PURPOSE: FIELD EMPOWERMENT FUND | $400,000 |
Hartford, CT PURPOSE: FIELD EMPOWERMENT FUND | $150,000 |
Tucson, AZ PURPOSE: HOUSING COUNSELING SERVICES | $149,437 |
Tampa, FL PURPOSE: FIELD EMPOWERMENT FUND | $125,000 |
Rochester, NY PURPOSE: FIELD EMPOWERMENT FUND | $125,000 |
Washington, DC PURPOSE: FIELD EMPOWERMENT FUND | $125,000 |
Grants Recieved
Over the last fiscal year, we have identified 11 grants that National Community Reinvestment Coalition Inc has recieved totaling $3,505,005.
| Awarding Organization | Amount |
|---|---|
Ncrc Community Development Fund Inc Washington, DC PURPOSE: SUPPORT OPERATIONS RELATED TO SMALL BUSINESS PROGRAMMING/SUPPORT OF DC WOMEN'S BUSINESS CENTER | $950,000 |
Winston-Salem Foundation Winstonsalem, NC PURPOSE: 2 GRANT(S) FOR VARYING PURPOSES | $750,000 |
Jp Morgan Chase Foundation New York, NY PURPOSE: IN SUPPORT OF NEIGHBORHOOD REVITALIZATION | $400,000 |
Jp Morgan Chase Foundation New York, NY PURPOSE: IN SUPPORT OF NEIGHBORHOOD REVITALIZATION | $400,000 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $350,000 |
The Blackbaud Giving Fund Charleston, SC PURPOSE: GENERAL SUPPORT | $250,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Pharmaceutical Care Management Association Washington, DC | $26,215,317 | $37,563,344 |
Service Corps Of Retired Executives Association Herndon, VA | $11,816,704 | $17,894,443 |
National Community Reinvestment Coalition Inc Washington, DC | $111,740,328 | $10,929,174 |
Tax Executives Institute Inc Washington, DC | $12,071,581 | $6,324,223 |
Lutheran Social Ministries Of Maryland Inc Westminster, MD | $1,453,479 | $5,224,632 |
Building Owners & Managers Institute International Inc Annapolis, MD | $3,199,571 | $3,769,079 |
Modular Building Institute Charlottesville, VA | $2,058,716 | $1,866,624 |
Plumbing Manufacturers International Nfp Mclean, VA | $1,816,180 | $1,986,956 |
American Association Of Political Consultants Inc McLean, VA | $1,413,996 | $755,148 |
Association Of Investment Management Sales Executives Inc Reston, VA | $1,004,703 | $472,206 |
Builders & Contractors Exchange Inc Norfolk, VA | $1,194,638 | $520,991 |
National Contract Management Association Ashburn, VA | $1,334,463 | $431,427 |