CHICAGO, IL
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)NATIONAL COMMUNITY INVESTMENT FUND, founded in 1995, is a mid-sized nonprofit in the Community Improvement sector that reported $10.2M in total revenue in fiscal year 2023. Revenue surged 92% from the prior year, signaling strong growth momentum. The organization ran a surplus of $5.9M, a strong 57% operating margin.
NATIONAL COMMUNITY INVESTMENT FUND INVESTS AND LENDS CAPITAL THAT INCREASES ACCESS TO RESPONSIBLE FINANCIAL PRODUCTS AND SERVICES, SEE SCHEDULE O FOR CONTINUATIONCATALYZE THE DEVELOPMENT OF PROJECTS THAT PROVIDE ECONOMIC OPPORTUNITIES, AND IMPROVE THE QUALITY OF LIFE IN UNDERSERVED COMMUNITIES NATIONALLY. NCIF COMPLEMENTS ITS INVESTING AND LENDING ACTIVITIES WITH KNOWLEDGE TRANSFER AND TECHNICAL ASSISTANCE TO SCALE IMPACT. NCIF SEEKS TO GENERATE BALANCED SOCIAL AND FINANCIAL RETURNS TO ENHANCE LONG TERM SUSTAINABILITY.
NMTC AND LENDING: THE NMTC PROGRAM WAS CREATED BY THE CDFI FUND TO CATALYZE ECONOMIC DEVELOPMENT INVESTMENT INTO ECONOMICALLY DISTRESSED, LOW-INCOME COMMUNITIES. WITH THE NMTC PROGRAM, NCIF...
NMTC AND LENDING: THE NMTC PROGRAM WAS CREATED BY THE CDFI FUND TO CATALYZE ECONOMIC DEVELOPMENT INVESTMENT INTO ECONOMICALLY DISTRESSED, LOW-INCOME COMMUNITIES. WITH THE NMTC PROGRAM, NCIF FACILITATES LENDING TO PROJECTS LOCATED IN UNDERSERVED MARKETS AND ENABLES OUR NETWORK BANK PARTNERS TO BOOK HIGH QUALITY LOANS. NCIF HAS BEEN AWARDED A TOTAL OF $401 MILLION IN NMTC ALLOCATIONS SINCE 2003. AS OF DECEMBER 31, 2023, NCIF HAS CLOSED 54 DEALS UTILIZING $366 MILLION OF ITS NMTC ALLOCATION. SEE SCHEDULE O FOR CONTINUATIONIN 2019, NCIF CREDIT STRATEGIES FUND LLC RECEIVED INITIAL LOAN COMMITMENTS OF $15 MILLION FROM FIVE FINANCIAL INSTITUTIONS. THE LOAN COMMITMENTS WERE MADE TO BUILD THE LENDING LINE OF BUSINESS. DURING 2022, NCIF HAS RAISED AN ADDITIONAL $15 MILLION TO FURTHER ITS MISSION GOALS. AS OF 12/31/2023, NCIF HAD BORROWED $29.9 MILLION OF THE $30 MILLION LOAN COMMITMENTS AND DEPLOYED $26.3 MILLION IN THE FORM OF LOANS TO BUSINESSES IN UNDERSERVED MARKETS.
EQUITY INVESTING: AS OF 12/31/2023, NCIF AND CSF'S PORTFOLIO CONSISTS OF EQUITY INVESTMENTS OF $14.7 MILLION IN 19 MOFIS THROUGHOUT THE NATION. NCIF AND CSF RECEIVES REVENUE IN THE FORM OF INTEREST...
EQUITY INVESTING: AS OF 12/31/2023, NCIF AND CSF'S PORTFOLIO CONSISTS OF EQUITY INVESTMENTS OF $14.7 MILLION IN 19 MOFIS THROUGHOUT THE NATION. NCIF AND CSF RECEIVES REVENUE IN THE FORM OF INTEREST, DIVIDENDS, AND CAPITAL GAINS UPON SALE FROM DIRECT INVESTMENTS.
NCIF FOCUSES ON COMPLEMENTING ITS FINANCIAL PRODUCTS AND SERVICES WITH DEVELOPMENTAL PROGRAM SERVICES TO HELP SUPPORT AND BUILD THE SECTOR. ACTIVITIES IN THE PAST HAVE INCLUDED ANNUAL DEVELOPMENT...
NCIF FOCUSES ON COMPLEMENTING ITS FINANCIAL PRODUCTS AND SERVICES WITH DEVELOPMENTAL PROGRAM SERVICES TO HELP SUPPORT AND BUILD THE SECTOR. ACTIVITIES IN THE PAST HAVE INCLUDED ANNUAL DEVELOPMENT BANKING CONFERENCES WHERE WE HAVE BROUGHT INVESTORS, CDFI AND MDI BANKS, REGULATORS AND TECHNOLOGY FOLKS TO INCREASE EFFICIENCIES IN THE NCIF NETWORK. IN ADDITION, WE HAVE FOSTERED NEW PRODUCT DEVELOPMENT AND TRAINING (E.G. NCIF WAS THE SOLE CONTRACTOR OF THE CDFI FUND FOR MDI NMTC TRAINING PROGRAM). SEE SCHEDULE O FOR CONTINUATIONNCIF ALSO PROVIDES TRANSACTION AND FINANCIAL ADVISORY SUPPORT TO CURRENT AND POTENTIAL BORROWERS FROM LOW-INCOME COMMUNITIES OR BUSINESSES WITHIN THESE AREAS TO PROMOTE ECONOMIC AND COMMUNITY DEVELOPMENT. THESE SERVICES AIM TO MAXIMIZE THE IMPACT OF NMTC-FUNDED PROJECTS AND ENSURE THEY CREATE LASTING, MEANINGFUL BENEFITS FOR THE TARGET COMMUNITIES.FINALLY, NCIF REGULARLY CREATES THE CDFI BANKING INDUSTRY PEER GROUP REPORT TO SUPPORT THE SECTOR ANALYZE ITS PERFORMANCE RELATIVE TO THEIR PEERS.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $10,233,986 | $5,340,542 | +0.9% |
| Expenses | $4,359,631 | $3,623,277 | +0.2% |
| Net Income | $5,874,355 | $1,717,265 | +2.4% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| CARLTON JENKINS | CHAIR | 2.50 |
Officer
Director
|
$20,000 | $0 | $20,000 |
| VICTOR ELMORE | TRUSTEE | 2.00 |
Director
|
$15,000 | $0 | $15,000 |
| BRENDA ROSS-DULAN | TRUSTEE | 2.00 |
Director
|
$15,000 | $0 | $15,000 |
| ROBERT SCHALL | TRUSTEE | 2.00 |
Director
|
$15,000 | $0 | $15,000 |
| GEORGE SURGEON | TRUSTEE | 2.00 |
Director
|
$11,250 | $0 | $11,250 |
| SAURABH NARAIN | PRESIDENT & CEO | 40.00 |
Officer
Director
|
$0 | $43,607 | $483,906 |
| WENEIS CHAN | VP & CONTROLLER | 40.00 |
Officer
|
$0 | $8,296 | $213,449 |
| CHRISTOPHER MALEHORN | VICE PRESIDENT, INVESTING | 40.00 |
Key Emp
|
$0 | $8,255 | $206,856 |
| SOLANKE SHONUKAN | DIRECTOR, PORTFOLIO & COMP | 40.00 |
Highest
|
$0 | $32,774 | $204,786 |
| RYAN JUHAS | ASSISTANT CONTROLLER | 40.00 |
Highest
|
$0 | $12,203 | $145,623 |
| WALTER POSTLEWAIT | VICE PRESIDENT, LENDING - TERM | 40.00 |
Highest
|
$0 | $2,804 | $116,406 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $10,233,986 | $4,359,631 | $61,723,118 | $5,874,355 |
| 2022 | $5,340,542 | $3,623,277 | $57,754,218 | $1,717,265 |
| 2021 | $9,294,920 | $4,221,460 | $49,874,763 | $5,073,460 |
| 2020 | $7,497,797 | $3,500,592 | $37,203,919 | $3,997,205 |
| 2019 | $5,717,962 | $3,017,297 | $27,816,738 | $2,700,665 |
| 2018 | $3,265,580 | $2,545,576 | $18,782,657 | $720,004 |
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