THE CHICAGO COMMUNITY LOAN FUND

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1991

Legal Domicile

Principal Officer

ROBERT TUCKER

Phone

3122520440

Tax Period

2024-01-01 to 2024-12-31

THE CHICAGO COMMUNITY LOAN FUND, founded in 1991, is a mid-sized nonprofit in the Community Improvement sector that reported $18.8M in total revenue in fiscal year 2024. Revenue surged 20% from the prior year, signaling strong growth momentum. The organization ran a surplus of $7.9M, a strong 42% operating margin.

Mission

ORGANIZATION PROVIDES LOW-COST, FLEXIBLE FINANCING TO NON-PROFIT AND FOR-PROFIT COMMUNITY DEVELOPMENT ORGANIZATIONS FOR THE REVITALIZATION OF LOW AND MODERATE INCOME NEIGHBORHOODS THROUGHOUT METROPOLITAN CHICAGO.

Program Service Accomplishments

Program 1

Expenses: $6,128,770 Revenue: $8,661,772

LENDING - CCLF OPERATES AS A REVOLVING LOAN FUND, PROVIDING FINANCING THROUGH ITS LOAN POOL OF LENDING CAPITAL FOR AFFORDABLE HOUSING, NONPROFIT FACILITY AND OFFICE SPACE, COMMERCIAL AND RETAIL...

LENDING - CCLF OPERATES AS A REVOLVING LOAN FUND, PROVIDING FINANCING THROUGH ITS LOAN POOL OF LENDING CAPITAL FOR AFFORDABLE HOUSING, NONPROFIT FACILITY AND OFFICE SPACE, COMMERCIAL AND RETAIL DEVELOPMENT AND OTHER ACTIVITIES. THESE PROJECTS PROMISE HIGH SOCIAL IMPACT THROUGH THE PRODUCTION AND PRESERVATION OF AFFORDABLE HOUSING, JOB CREATION AND OTHER SERVICES FOR LOW AND MODERATE INCOME INDIVIDUALS, FAMILIES AND COMMUNITIES.

Program 2

Expenses: $818,685 Revenue: $7,071

TECHNICAL ASSISTANCE - CCLF'S GATEWAY TO COMMUNITY DEVELOPMENT PROGRAM PROVIDES TECHNICAL ASSISTANCE TO BORROWERS AND NON-BORROWERS THROUGH TIME SENSITIVE REAL ESTATE DEVELOPMENT ADVICE AND...

TECHNICAL ASSISTANCE - CCLF'S GATEWAY TO COMMUNITY DEVELOPMENT PROGRAM PROVIDES TECHNICAL ASSISTANCE TO BORROWERS AND NON-BORROWERS THROUGH TIME SENSITIVE REAL ESTATE DEVELOPMENT ADVICE AND REFERRALS, A RANGE OF WORKSHOP TOPICS, FACILITATED PLANNING PROCESSES AND SUPPORT FOR SUSTAINABLE BUILDING PRACTICES.

Program 3

Expenses: $728,192

ECONOMIC DEVELOPMENT - CCLF IS HISTORICALLY A NICHE LENDER: ONE THAT MEETS THE FINANCING AND TECHNICAL ASSISTANCE NEEDS THAT ARE UNMET IN THE LOW TO MODERATE INCOME COMMUNITIES. THE 2012 - 2016...

ECONOMIC DEVELOPMENT - CCLF IS HISTORICALLY A NICHE LENDER: ONE THAT MEETS THE FINANCING AND TECHNICAL ASSISTANCE NEEDS THAT ARE UNMET IN THE LOW TO MODERATE INCOME COMMUNITIES. THE 2012 - 2016 STRATEGIC PLAN HAS DIRECTED A COURSE OF COLLABORATIVE RELATIONSHIPS, EXPLORATION OF AVAILABLE PROGRAMS NEW TO CCLF AND THE CO-CREATION OF PROGRAMS TO BUILD AND/OR REHABILITATE COMMERCIAL REAL ESTATE. THIS PROGRAM IS DESIGNED TO RESEARCH AND FINANCE SUCH OPPORTUNITIES.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $8,616,650

Program Service Revenue $8,668,843

Investment Income $1,538,040

Other Revenue $0

TOTAL REVENUE $18,823,533

Expense Breakdown

Grants Paid $0

Salaries & Benefits $6,155,897

Fundraising Expenses $559,953

Program Expenses $7,675,647

Other Expenses $4,743,756

TOTAL EXPENSES $10,899,653

Year-over-Year Comparison

	2024	2023	Change
Revenue	$18,823,533	$15,665,409	+0.2%
Expenses	$10,899,653	$10,227,527	+0.1%
Net Income	$7,923,880	$5,437,882	+0.5%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$1,082,553

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ERIK HALL	CHAIR	0.54	Officer Director	$0	$0	$0
SONYA MALUNDA	VICE CHAIR	0.29	Officer Director	$0	$0	$0
CHARLES WALLS	TREASURER	0.42	Officer Director	$0	$0	$0
AILISA HERRERA	SECRETARY	0.81	Officer Director	$0	$0	$0
PATRICIA MCCREARY CANNON	ASSISTANT SECRETARY	0.52	Officer Director	$0	$0	$0
KEVIN GOLDSMITH	ASSISTANT SECRETARY	0.29	Officer Director	$0	$0	$0
JODY ADLER	DIRECTOR	0.50	Director	$0	$0	$0
JEFF ALLEN	DIRECTOR	0.50	Director	$0	$0	$0
MOHAMMED ELAHI	DIRECTOR	0.41	Director	$0	$0	$0
DR AMARA ENYIA	DIRECTOR	0.23	Director	$0	$0	$0
THOMAS FITZGIBBON	DIRECTOR	0.38	Director	$0	$0	$0
STEPHANIE GREEN	DIRECTOR	0.48	Director	$0	$0	$0
JENNIFER GUZMAN	DIRECTOR	0.42	Director	$0	$0	$0
RICHARD GUZMAN	DIRECTOR	0.23	Director	$0	$0	$0
EDWARD HOYNES	DIRECTOR	0.33	Director	$0	$0	$0
ANDREW HUGGER	DIRECTOR	0.44	Director	$0	$0	$0
ANGELA HURLOCK	DIRECTOR	0.21	Director	$0	$0	$0
ERIC PHILLIPS	DIRECTOR	0.26	Director	$0	$0	$0
MATTHEW REILEIN	DIRECTOR	0.38	Director	$0	$0	$0
MARK SPEARS	DIRECTOR	0.65	Director	$0	$0	$0
KATHY THOLIN	DIRECTOR	0.31	Director	$0	$0	$0
JOHN TUOHY	DIRECTOR	0.29	Director	$0	$0	$0
ROBERT TUCKER	INTERIM PRESIDENT AND COO	50.00	Officer	$356,794	$52,829	$409,623
ANGELA DOWELL	CHIEF FINANCIAL OFFICER	50.00	Officer	$255,054	$34,159	$289,213
CALVIN HOLMES	PRESIDENT	55.00	Officer	$349,963	$33,754	$383,717
LYCRECIA PARKS	CHIEF RISK OFFICER & VP PO	50.00	Highest	$223,425	$26,844	$250,269
WENDELL HARRIS	VP LENDING OPERATIONS	50.00	Highest	$208,752	$25,708	$234,460
MAURICE WILLIAMS	VP ECON. DEVELOPMENT	50.00	Highest	$193,354	$34,285	$227,639
JUAN CALIXTO	EVP OF EXT. RELATIONS	50.00	Highest	$201,627	$35,049	$236,676
ROBIN SCHABES	OPPORTUNITY ZONES CONSORTI	50.00	Highest	$184,609	$25,131	$209,740

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	$18,823,533	$10,899,653	$206,003,874	$7,923,880
2023	$15,665,409	$10,227,527	$179,995,748	$5,437,882
2022	$14,555,763	$8,452,164	$158,934,389	$6,103,599
2021	$16,943,178	$7,392,965	$136,728,558	$9,550,213
2020	$11,250,770	$9,240,747	$121,298,855	$2,010,023
2019	$8,854,883	$7,353,607	$104,766,376	$1,501,276
2018	$7,898,860	$6,095,633	$91,142,723	$1,803,227