Overview
What is The Chicago Community Loan Fund?
The Chicago Community Loan Fund is a renowned nonprofit organization based in Chicago, Illinois. With a workforce of 32 employees, they specialize in providing low-cost financing through their revolving loan fund for various projects that promise substantial social impact. These projects range from affordable housing and nonprofit facility development to commercial and retail ventures, focusing on the revitalization of low and moderate income neighborhoods in metropolitan Chicago. By offering flexible financing to community development organizations, they contribute to the production and preservation of affordable housing, job creation, and essential services for individuals and families in need.
Official website here: www.cclfchicago.org
Is The Chicago Community Loan Fund legitimate?
The Chicago Community Loan Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Chicago Community Loan Fund submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Here are some key statistics you may want to consider:
Executive Compensation: $914,691
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,353,680
For more financial information, click here
Official website here: www.cclfchicago.org
What is the mission statement of The Chicago Community Loan Fund?
The Chicago Community Loan Fund is an organization that provides affordable financing to community development projects, both non-profit and for-profit. Through low-cost, flexible loans, they support the revitalization of low and moderate income neighborhoods throughout metropolitan areas. Their loan pool, which acts as a revolving fund, is used for various projects including affordable housing, nonprofit facility and office space, commercial and retail development, and other activities. The social impact of these projects is significant, as they contribute to the production and preservation of affordable housing, job creation, and essential services for low and moderate income individuals, families, and communities.
Official website here: www.cclfchicago.org
Who is the CEO of The Chicago Community Loan Fund?
Calvin L Holmes is the Principal Officer of The Chicago Community Loan Fund.
Official website here: www.cclfchicago.org
What is the revenue of The Chicago Community Loan Fund?
The Chicago Community Loan Fund's revenue in 2022 was $14,555,763.
Official website here: www.cclfchicago.org
Who are the executives of The Chicago Community Loan Fund and what are their salaries?
The average compensation at The Chicago Community Loan Fund during 2022 was $102,137. There are 32 employees and 22 volunteers at The Chicago Community Loan Fund.
Here are 30 key members and their salaries:
- Calvin Holmes (President)
- Robert Tucker (Coo, Evp Of Programs)
- Angela Dowell (Chief Financial Officer)
- Lycrecia Parks (Vp Portfolio Mgmt.)
- Maurice Williams (Vp Econ. Development)
- Wendell Harris (Vp Lending Operations)
- Juan Calixto (Vp Ext. Relations)
- Robin Schabes (Opportunity Zones Consorti)
- Jody Adler (Director)
- Jeff Allen (Director)
- Patricia Mccreary Cannon (Director, Assistant Secretary)
- Mohammed Elahi (Secretary, Director)
- Dr Amara Enyia (Director, P& I Chair)
- Thomas Fitzgibbon Jr (Director)
- Kevin Goldsmith (Director)
- Stephanie Green (Director)
- Jennifer Guzman (Director, Hr Chair)
- Richard Guzman (Director)
- Erik Hall (Vice Chair, Director)
- Ailisa Herrera (Assistant Secretary, Director)
- Edward Hoynes Cpa (Director)
- Andrew Hugger (Director, Special Assets Chair)
- Angela Hurlock (Director)
- Sonya Malunda (Director)
- Eric Phillips (Director)
- Matthew Reilein (Chair, Director)
- Mark Spears (Director, Loan Chair)
- Kathy Tholin (Director, Governance Chair)
- John Tuohy (Director)
- Charles Walls (Treasurer, Director)
Official website here: www.cclfchicago.org
Where can I find the form 990 for The Chicago Community Loan Fund?
The The Chicago Community Loan Fund’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.cclfchicago.org
Learn more at the official website: www.cclfchicago.org
Mission Statement of The Chicago Community Loan Fund
The Chicago Community Loan Fund (CCLF) is a crucial organization that provides low-cost, flexible financing to both non-profit and for-profit community development groups in metropolitan Chicago. With a mission to revitalize low and moderate income neighborhoods, CCLF operates as a revolving loan fund, financing projects through its loan pool of lending capital. The supported projects encompass affordable housing, nonprofit facility and office space, commercial and retail development, and various other activities. These projects promise a high social impact by producing and preserving affordable housing, generating job opportunities, and offering essential services to low and moderate income individuals, families, and communities. Through its financing efforts, CCLF plays a pivotal role in enhancing the socio-economic landscape of Chicago's underprivileged areas.
Impact
This information is meant to be a general summary of The Chicago Community Loan Fund. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
The Chicago Community Loan Fund's impact includes providing low-cost community development project loans for affordable housing, commercial and retail development, office space, and other activities. These projects aim to have a high social impact by producing and preserving affordable housing, creating jobs, and offering services for low and moderate-income individuals, families, and communities in Chicago. The organization's mission is to revitalize low and moderate-income neighborhoods throughout metropolitan Chicago by offering flexible financing to both nonprofit and for-profit community development organizations.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
NOTE RECEIVABLE INTEREST
Revenue
$5,546,385
LOAN CLOSING FEES
Revenue
$540,228
FEES FROM COMMUNITY DEVELOPMENT E
Revenue
$94,500
SERVICES AND WORKSHOPS
Revenue
$25,000
LATE FEES AND OTHER FEES
Revenue
$3,703
Organization Details
Founding Year
1991
Phone
(312) 252-0440
Principal Officer
Calvin L Holmes
Main Address
29 E MADISON 1700, CHICAGO, IL, 60602
Website
www.cclfchicago.org
NTEE Category
Code: S20Z - Community improvement
If you are a representative of The Chicago Community Loan Fund and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.