EIN 83-2643429

Neighborhood Impact Investment Fund

IRS 501(c) type
501(c)(3)
Num. employees
7
Year formed
2018
Most recent tax filings
2024-06-01
Description
The Neighborhood Impact Investment Fund, Inc. (Niif) is a mission-driven investment fund that delivers capital and promotes inclusive, equitable growth in historically disinvested neighborhoods in Baltimore. Niif is a non-profit organization that was initially capitalized with a long-term, subordinate loan from the city of Baltimore, and it operates independently to fulfill its mission.
Total revenues
$10,363,482
2024
Total expenses
$6,077,976
2024
Total assets
$63,033,777
2024
Num. employees
7
2024

Program areas at Neighborhood Impact Investment Fund

Niif is a non-profit organization created to deliver capital to, and to promote equitable growth in, historically disinvested neighborhoods in baltimore. Initially capitalized with a long-term, subordinate loan from the city of baltimore, niif is an independent organization that works in alignment with the city's Neighborhood focus and community development goals. Niif supports communities through loans and investments that can accelerate community revitalization, catalyze business activity and provide greater opportunities for residents.

Grants made by Neighborhood Impact Investment Fund

GranteeGrant descriptionAmount
Maryland Economic Development Corporation (MEDC)Property Updates$3,504,233
Druid Heights Community Development CorporationOffset the Third-Party Costs Associated With Niif Loans That Can Be A Significant Burden To Small Developers Or Small Projects$24,475
Family Recovery Program (FRP)Offset the Third-Party Costs Associated With Niif Loans That Can Be A Significant Burden To Small Developers Or Small Projects$18,498
...and 3 more grants made

Who funds Neighborhood Impact Investment Fund

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
National Philanthropic TrustPublic, Societal Benefit$500,000

Financials for Neighborhood Impact Investment Fund

RevenuesFYE 06/2024
Total grants, contributions, etc.$8,003,038
Program services$1,275,961
Investment income and dividends$1,084,483
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$10,363,482

Organizations like Neighborhood Impact Investment Fund

OrganizationLocationRevenue
New Hampshire Community Loan FundConcord, NH$28,015,351
Grow AmericaNew York, NY$33,620,104
Hawaii Community LendingHilo, HI$8,801,117
Cincinnati Development Fund (CDF)Cincinnati, OH$18,409,470
Calvert Impact Capital (CIC)Bethesda, MD$33,426,249
Virginia Community Development FundRichmond, VA$5,575,731
Community Development FinanceOakland, CA$7,001,618
Initiative FoundationLittle Falls, MN$10,031,903
St Croix Foundation for Community DevelopmentChristiansted, VI$2,672,132
South Carolina Association for Community Economic DevelopmentCharleston, SC$4,086,282
Data update history
June 10, 2025
Updated personnel
Identified 3 new personnel
March 6, 2025
Used new vendors
Identified 1 new vendor, including
February 8, 2025
Posted financials
Added Form 990 for fiscal year 2024
January 21, 2025
Updated personnel
Identified 1 new personnel
November 7, 2024
Updated personnel
Identified 8 new personnel
Nonprofit Types
Grantmaking organizationsBusiness and community development organizationsCharities
Issues
Community improvementEconomic development
Characteristics
Provides grantsState / local levelReceives government fundingTax deductible donationsAccepts online donations
General information
Address
1040 Park Ave 310
Baltimore, MD 21201
Metro area
Baltimore-Columbia-Towson, MD
County
Baltimore City, MD
Website URL
baltimoreniif.org/ 
Phone
(410) 218-3437
IRS details
EIN
83-2643429
Fiscal year end
June
Taxreturn type
Form 990
Year formed
2018
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
S31: Urban, Community Economic Development
NAICS code, primary
522120: Savings Institutions
Parent/child status
Independent
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