EIN 36-3656836

Iff

IRS 501(c) type
501(c)(3)
Num. employees
173
Year formed
1988
Most recent tax filings
2023-12-01
NTEE code, primary
Description
To provide comprehensive solutions with transformational outcomes in low-income and special needs communities throughout the Midwest by 2018.
Total revenues
$102,836,770
2023
Total expenses
$96,465,275
2023
Total assets
$689,365,712
2023
Num. employees
173
2023

Program areas at Iff

Social Impact Accelerator - Program & Initiatives and Comprehensive Based Placed Initiatives (Early Child Services, and School Services) Early Child services is designed to increase capacity and improve access to quality early care and education across the Midwest states we serve. Providers can receive technical assistance, consulting services, and grants to improve facility quality. School Services is a program in which we work across all education systems with school districts, charter schools and charter school authorizers, private schools, policymakers, and education advocates to increase opportunity and improve outcomes for students. Coordinated and focused efforts allow IFF to strategize, develop, and implement programmatic responses. Informed by data, IFF helps plan, find, finance, and develop schools in the places where they are needed the most.
Community Development Solutions: IFF has worked to strengthen nonprofits and their communities through our expertise in finance, real estate planning and development, and research. IFF will work with local and state government, nonprofit agencies, foundations, and other community groups to help achieve their community development goals by assessing community conditions by analyzing demographic data and trends, inventorying existing community assets, and identifying gaps. IFF also evaluates housing, human services, education, health care, investments, and job environments to provide a community conditions analysis which helps guide stakeholders to develop strategic plans and to prioritize investments. IFF will develop solutions with conceptual projects and programs with strategic partners and facilitate community partnerships by bringing relevant parties together by facilitating partnerships with strategic stakeholders and potential collaborators. Through this work, IFF has helped address a broad range of community needs - from health care, education, housing, child care, healthy food access, and job training This program also initiates, coordinates, develops, and owns real estate projects that respond to community needs, create jobs, and transforms low-income communities in the Midwest. It acquires, owns and manages community-integrated housing for low-income disabled adults, and redeveloping foreclosed properties near public transit into affordable homes and apartments.
Capital Solutions: This program makes affordable loans to nonprofit agencies. Since 1990, the total loan volume reached over $1.6 billion which includes 2,253 loans closed that has leveraged over $5.83 billion in capital. Since 1990, these loans to over 1,207 nonprofits have assisted with the renovation or construction of 42 million square feet and created 16,041 child care slots, 160,956 student seats, 725,598 new patients/visits at health care clinics, 20,589 affordable and supportive/special needs housing units, and 4,381 beds. In addition, the loans have helped to employ 89,549 full time equivalents.
Real Estate Solutions: This program helps nonprofits make better real estate and space decisions to support growth planning, program changes, and financial and organizational capacity. The goals and objectives of each nonprofit client determine IFF's scope of consulting services, from advising on real estate strategies to solving specific need for additional or new space. Clients choose from a comprehensive menu of fully integrated services based on a proposal tailored to specific needs, all at below market fees. Services provided include feasibility assessments, facilities assessments, strategic facility plans, site search and due diligence, and owner's representative services. Since 1997, 1,658 projects have been worked on in this program and has funded the renovations or construction of over 3.9 million square feet of real estate developed. In addition, this program has created 12,577 K-12 student slots, 5,155 Early Childhood Education slots, and developed 381 housing units.
Sector Strategies, Strategic Insights, Community Data Insights, Community Engagement, and Organizational Learning. We provide data and analysis to help nonprofits, foundations, and governments agencies make better decisions about resource allocation and real estate investment. Our goal is to ensure that investments and programs are targeted to where they are needed the most. We are national leaders in needs assessments that measure the supply of and demand for quality schools in urban school districts. Our initiatives have informed state and local government efforts to expand quality child care in high-needs areas, and led to new models for providing affordable, community-integrated housing to low income persons with disabilities. Community Engagement projects include needs assessment by service and geography, assessment of organizational capacity for existing or new services, qualitative analysis of nonprofit service delivery and client experience, program evaluations, nonprofit financial trends, financial health, and financial management, analysis of population and economic trends, data to support strategic planning, and mapping and analysis of program data. We are also the administrators and program developers of the Chicago Cultural Treasurers program.
Corporate Communication and External Affairs: IFF's corporate communications and external affairs department advances IFF's priorities in the areas of community development finance, the nonprofit sector, charter schools, early care and education, health care and housing. It also supports the growth of IFF in the Midwest. Government policy and spending decisions have big impact on our clients operating environmental and the health of the communities they serve. We engage in public policy to make sure that these decisions are based on solid data, knowledge of the nonprofit sector, and hands-on experience in community development. Our initiative has informed state and local government efforts to expand quality child care in high-need areas, and led to new models for providing affordable, community-integrated housing to low-income persons with disabilities.

Grants made by Iff

GranteeGrant descriptionAmount
Amplify GRCost for Acquiring Equipment And/or Facilities Rehab Cost As Part of the Grant$273,799
Outdoor Discovery Center (ODCMG)Cost for Acquiring Equipment And/or Facilities Rehab Cost As Part of the Grant$173,288
Grand Rapids Christian Schools (GRCS)Cost for Acquiring Equipment And/or Facilities Rehab Cost As Part of the Grant$150,000
...and 35 more grants made totalling $3,321,962

Who funds Iff

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
The Ford FoundationCore Support for the Chicagos Cultural Treasures Initiative To Support Local Arts and Cultural Activities$1,000,000
JP Morgan Chase FoundationOffice of Nonprofit Engagement$843,333
The Joyce FoundationMission Fund$625,000
...and 18 more grants received totalling $5,207,862

Personnel at Iff

NameTitleCompensation
Joe NeriChief Executive Officer$359,350
Suza Leao-ReuterChief Financial Officer and Assistant Secretary$262,651
Suzanne Leao-ReuterBoard Member
Christopher WatkinsSenior Vice President of Strategic Insights and Chief Data Officer
Jose Cerda IIIChief of Staff
...and 66 more key personnel

Financials for Iff

RevenuesFYE 12/2023
Total grants, contributions, etc.$64,126,702
Program services$35,707,302
Investment income and dividends$1,557,195
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$1,445,571
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$102,836,770

Form 990s for Iff

Fiscal year endingDate received by IRSFormPDF link
2023-122024-08-16990View PDF
2022-122023-08-21990View PDF
2021-122022-08-22990View PDF
2020-122021-08-18990View PDF
2019-122020-10-08990View PDF
...and 10 more Form 990s
Data update history
September 21, 2024
Updated personnel
Identified 5 new personnel
July 11, 2024
Received grants
Identified 16 new grant, including a grant for $1,000,000 from The Ford Foundation
October 23, 2023
Received grants
Identified 4 new grant, including a grant for $320,000 from The Chicago Community Trust
October 4, 2023
Posted financials
Added Form 990 for fiscal year 2022
October 4, 2023
Updated personnel
Identified 1 new personnel
Nonprofit Types
Grantmaking organizationsBusiness and community development organizationsCommunity Development Financial InstitutionsHeadquarter / parent organizationsCharities
Issues
Community improvement
Characteristics
Political advocacyLobbyingReceives government fundingTax deductible donationsAccepts online donations
General information
Address
333 S Wabash Ave Ste 2800
Chicago, IL 60605
Metro area
Chicago-Naperville-Elgin, IL-IN-WI
County
Cook County, IL
Website URL
iff.org/ 
Phone
(312) 629-0060
Facebook page
IFFcdfi 
Twitter profile
@iffcdfi 
IRS details
EIN
36-3656836
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1988
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
S50: Nonprofit Management
NAICS code, primary
522120: Savings Institutions
Parent/child status
Central organization
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