EIN 20-0774672

National Association for Latino Community Asset Builders

IRS 501(c) type
501(c)(3)
Num. employees
62
State
Year formed
2002
Most recent tax filings
2021-12-01
Description
To build assets for Latino families, commmunities and organizations. Nalcab's work advances economic mobility for low and moderate income people. To build financial and real estate assets as well as human and technology resources for Latino families, communities and organizations. NALCAB's mission is to strengthen the economy by advancing economic mobility in Latino communities. NALCAB strengthens the economy by advancing economic mobility in Latino communities.
Total revenues
$12,721,747
2021
Total expenses
$8,801,997
2021
Total assets
$21,401,008
2021
Num. employees
62
2021

Program areas at National Association for Latino Community Asset Builders

Organizational Capacity Building - As a US Treasury-certified CDFI lender and grantmaker, NALCAB strengthens, coordinates, and builds the systems and capacity of NALCAB Network members, other non-profits, and government units to advance economic mobility in predominantly low- and moderate-income Latino communities. NALCAB creates Capital, Capacity, Collective Voice, and Comunidad (Community) by increasing access to grants and investment capital; unlocking access to technical assistance resources; sharing research to maximize organizational effectiveness and resources; creating and strengthening asset-building practitioner peer networks; using culturally relevant training to develop leaders in the asset- building field; and developing a strategic national voice for more than 195 organizations and the communities they serve. Organizations that benefit from the capacity-building program may borrow capital from NALCAB and are more likely to secure and diversify their funding opportunities due to increased organizational capacity. The Organizational Capacity Building program hosts an annual National Conference and Training for community economic development practitioners and it hosts numerous educational webinars throughout the year. It has provided culturally-relevant training to over 2,500 practitionersn and the Pete Garcia Community Economic Development Fellowship Program for emerging leaders has graduated 169 fellows to date. Since 2007 NALCAB has made grants of over $27 million to non-profit organizations and utilized over $12.7 million in federal funding (US HUD and SBA) to provide technical assistance to non-profits and local/state government agencies (urban and rural). Since 2008, member organizations have secured more than $450 million for their programs due to NALCAB's support and services.
Lending and Asset Management - A US Treasury-certified CDFI and intermediary lender, NALCAB empowers its members with culturally relevant products and services to advance economic mobility in predominantly Latino low- and-moderate income communities lacking adequate access to capital. NALCAB's products provide members with capital, liquidity, and scale to build affordable housing, lend to small businesses, and strengthen family financial capability. NALCAB offers commercial real estate loans, small business loan capital, affordable housing project loans, small business loan participation financing, and loan guarantees. Capital for lending comes from revenues, cash reserves, private philanthropies, bank loans, the CDFI Fund, and US HUD, including for rural capacity building. Escalera Community Investments, LLC (Escalera), an asset management company owned by NALCAB, manages the NALCAB Catalyst Fund I, LLC (the Catalyst Fund), a real estate-focused social impact fund established to preserve and produce housing opportunities affordable to low-income and minority individuals. The Catalyst Fund targets and operates investments in single-and multifamily projects that provide households with access to employment, quality education, and healthcare resources, all essential factors for advancing economic mobility. Escalera also manages the Acceso Loan Fund, LLC (Acceso), a national small business loan fund that supports growth-oriented lending to minority-owned businesses nationwide through a network of Latino-led non-profit business lenders. Acceso helps diverse entrepreneurs in underserved minority communities scale their businesses to increase revenue, provide more jobs, and strengthen the economy. NALCAB and eleven NALCAB-network CDFIs are equal co-owners of Acceso.
Policy Advocacy and Field-Building - The Policy Advocacy and Field- Building program provides members and decision-makers with research, policy education, and advocacy efforts to influence private, philanthropic, and governmental investors to responsibly meet the asset-building needs and opportunities in low and moderate-income communities. With NALCAB's support and the benefit of the collective NALCAB Network, members may develop and advocate for policy strategies that serve their communities at the local, state, and federal levels. NALCAB has published numerous reports on small business lending in Latino communities, housing vulnerability and gentrification, and place-based economic development. The Policy Advocacy and Field-Building program advocates for CDFIs, potential CDFIs, and other lenders to better meet the needs of the communities they serve. NALCAB partners with community developers and impact investors to advance the asset-building field.

Grants made by National Association for Latino Community Asset Builders

GranteeGrant descriptionAmount
Microenterprise Resources Initiatives and Training D / B / and MeritSmall Business$175,000
Newsed Community Development CorporationSmall Business$165,000
Rural Community Development ResourcesSmall Business$165,000
...and 61 more grants made totalling $4,021,000

Who funds National Association for Latino Community Asset Builders

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
East Bay Community Foundation (EBCF)National Initiative To Support Vulnerable Entrepreneurs$4,000,000
JP Morgan Chase FoundationIn Support of Neighborhood Revitalization$625,000
JP Morgan Chase FoundationIn Support of Neighborhood Revitalization$375,000
...and 8 more grants received

Personnel at National Association for Latino Community Asset Builders

NameTitleCompensation
Fernando GarciaChief Financial Officer$123,000
Holly FrindellChief Program Officer
Larry GarciaChief Lending and Asset Management Officer$0
Noel PoyoExecutive Director$210,000
Alejandra AmaroliDirector of Resource Development
...and 9 more key personnel

Financials for National Association for Latino Community Asset Builders

RevenuesFYE 12/2021
Total grants, contributions, etc.$12,463,142
Program services$312,735
Investment income and dividends$1,109
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$17,973
Net gain from sale of non-inventory assets$150
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$-73,362
Total revenues$12,721,747

Form 990s for National Association for Latino Community Asset Builders

Fiscal year endingDate received by IRSFormPDF link
2019-122020-09-01990View PDF
2018-122020-02-06990View PDF
2017-122019-02-21990View PDF
2016-122018-01-18990View PDF
2015-122017-03-03990View PDF
...and 6 more Form 990s

Organizations like National Association for Latino Community Asset Builders

OrganizationLocationRevenue
Indiana Community Action AssociationIndianapolis, IN$3,738,800
El Centro HispanoDurham, NC$4,375,349
Frida Kahlo Community OrganizationChicago, IL$3,343,509
Latino Pastoral Action CenterBronx, NY$4,047,373
Logan Square Neighborhood Association (LSNA)Chicago, IL$6,062,511
Community Action PartnershipWashington, DC$6,072,834
Community Action Partnership of OregonSalem, OR$3,740,402
Minnesota Alliance with YouthMinneapolis, MN$3,889,585
Hacienda Community Development CorporationPortland, OR$14,753,048
Hispanic FederationNew York, NY$50,097,384
Data update history
May 8, 2023
Received grants
Identified 2 new grant, including a grant for $625,000 from JP Morgan Chase Foundation
January 25, 2023
Updated personnel
Identified 5 new personnel
August 3, 2022
Received grants
Identified 2 new grant, including a grant for $125,000 from Opportunity Finance Network (OFN)
May 26, 2022
Used new vendors
Identified 2 new vendors, including , and
September 24, 2021
Received grants
Identified 4 new grant, including a grant for $1,750,000 from JP Morgan Chase Foundation
Nonprofit Types
Civic / social organizationsBusiness and community development organizationsCharities
Issues
Community improvementHispanic
Characteristics
Political advocacyProvides grantsLobbyingReceives government fundingManagement and technical assistanceTax deductible donations
General information
Address
5404 Wurzbach Rd
San Antonio, TX 78238
Metro area
San Antonio-New Braunfels, TX
County
Bexar County, TX
Website URL
nalcab.org/ 
Phone
(210) 227-1010
Facebook page
NALCAB 
IRS details
EIN
20-0774672
Fiscal year end
December
Taxreturn type
Form 990
Year formed
2002
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
S20: Community, Neighborhood Development, Improvement
NAICS code, primary
813410: Civic and Social Organizations
Parent/child status
Independent
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