EIN 94-3032394

Northern California Community Loan Fund

IRS 501(c) type
501(c)(3)
Num. employees
43
Year formed
1987
Most recent tax filings
2019-09
Description
The Northern California Community Loan Fund promotes economic justice and alleviates poverty by increasing the financial resilience and sustainability of community-based nonprofits and enterprises. Through flexible financial products and sound advice,...
Also known as...
Community Vision Capital and Consulting

Program areas at Northern California Community Loan Fund

Direct lending: since 1987, Community Vision has made 518 loans totaling $219 million to nonprofits and social enterprises serving low-income communities in Northern California, leveraging over $1.8 billion in additional project funding. These loans have helped create or preserve 7,519 affordable housing units for low-income families and individuals, and financed over 2.8 million square feet of neighborhood-serving nonprofit and retail space. These loans have also helped create or preserve 20,315 permanent and construction jobs, and helped finance projects by organizations that serve over 1.4 million individuals. At the end of fy19, Community Vision managed a portfolio of 102 loans worth $66.8 million to 90 organizations. During the course of fy19, Community Vision closed 37 loans totaling $26.8 million.
Capitalization: Community Vision was founded by Community residents as a vehicle to channel Capital from socially responsible and mission motivated investors to projects that benefit low income people. We provide education on sustainable, socially responsible investing. At the end of fy2019 investments made by banks, foundations, government entities, individuals, religious organizations, nonprofit organizations and hospital systems into our revolving Loan Fund totaled $52.7 million. New markets tax credit: Community Vision has received a total of $212 million in new markets tax credit (nmtc) allocation for use in our 46 Northern and central California counties. The tax credits allow us to make investment Capital available to businesses and nonprofits in qualifying low-income communities, creating jobs and spurring additional economic development. During fy19, Community Vision provided $40 million of allocation to five projects and managed our 21-project portfolio. Our nmtc program has helped to create or preserve 5,431 jobs, created 875,326 square feet of Community facility space, helped to develop 84 units of affordable housing and leveraged an additional $339 million in private investment. Over 962,000 individuals will be served by the projects developed using these funds.
Consulting and training: since the inception of our Consulting & training program, Community Vision has provided 942 Consulting engagements in real estate and nonprofit financial management, and served 3,518 organizations through workshops on these topics. During fy19, the program completed 85 Consulting engagements, and reached 212 organizations through workshops.

Form 990s for Northern California Community Loan Fund

Fiscal year endingDate received by IRSFormPDF link
2019-092020-10-16990View PDF
2018-092019-09-26990View PDF
2017-092018-10-16990View PDF
2016-092017-08-16990View PDF
2015-092016-08-02990View PDF
...and 5 more Form 990s

Who funds Northern California Community Loan Fund

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
East Bay Community Foundation (EBCF)Credit Enhancement in Support of A Loan To Faber Street Foodworks, LLC, A Public Benefit Limited Liability Company, To Launch the East Bay Food Production Center, General Support$2,000,500
 Subscribe to viewGeneral Operating Support$252,500
 Subscribe to viewFor Consulting and Training Programs for Arts Organizations$150,000
...and 9 more grants received
Federal funding details
Federal agencyProgram nameAmount
Department of the TreasuryCOMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS PROGRAM$666,689
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 Subscribe to view█████ ██████ █████ ██████ ███$░░░,░░░
...and 7 more federal grants / contracts

Grants made by Northern California Community Loan Fund

GranteeGrant descriptionAmount
Civil Labs FoundationEquipment Purchase for Social Venture$12,500

Financials for Northern California Community Loan Fund

RevenuesFYE 09/2019
Total grants, contributions, etc.$5,527,752
Program services$6,355,323
Investment income and dividends$524,975
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$59,340
Net income from fundraising events$-51,245
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$12,416,145

Personnel at Northern California Community Loan Fund

NameTitleCompensation
Xochitl CortezChief Operating Officer
Cheryl Lea SalemChief Financial Officer / Director of Finance
Mary A RogierPresident$178,019
 Subscribe to viewDirector of Finance and Administration$151,852
 Subscribe to viewDirector of Development and Communications$140,729
...and 7 more key personnel

Organizations like Northern California Community Loan Fund

OrganizationLocationRevenue
Impact SevenRice Lake, WI$15,013,958
Cincinnati Development Fund (CDF)Cincinnati, OH$6,584,866
Community First FundLancaster, PA$12,560,846
Tenderloin Neighborhood Development Corporation (TNDC)San Francisco, CA$25,090,239
Chicago Community Loan Fund (CCLF)Chicago, IL$8,854,883
Community Reinvestment Fund (CRF)Minneapolis, MN$53,118,127
East Akron Neighborhood Development Corporation (EANDC)Akron, OH$3,808,248
The national Development councilNew York, NY$11,217,565
Massachusetts Housing Investment Corporation (MHIC)Boston, MA$11,038,740
Midwest Minnesota Community Development CorporationDetroit Lakes, MN$9,796,447
Codman Square Neighborhood Development CorporationDorchester, MA$6,611,385
Cinnaire Lending CorporationLansing, MI$7,989,288
Florida Community Loan Fund (FCLF)Orlando, FL$9,464,773
South Carolina Community Loan FundCharleston, SC$3,885,032
Greater Minnesota Housing FundSt Paul, MN$16,987,939
Craft3Astoria, OR$15,830,783
Cinnaire Corporation (GLCF)Lansing, MI$16,341,563
Impacct BrooklynBroooklyn, NY$5,133,432
North East Brooklyn Housing Development CorporationBrooklyn, NY$4,847,171
Montana Community Development CorporationMissoula, MT$9,377,906
Century Housing CorporationCulver City, CA$38,115,517
Rural Community Assistance Corporation (RCAC)West Sacramento, CA$24,246,331
Region XII Council of GovernmentsCarroll, IA$7,072,226
South Central Kansas Economic Development DistrictBel Aire, KS$4,650,663
Chicago Neighborhood InitiativesChicago, IL$4,485,903
Nonprofit Types
Issues
Characteristics
Key performance indicators
Total revenues
$12,416,145
2019
Yearly growth
-0.6%
% of revenues
n/a
Total expenses
$8,738,413
2019
Yearly growth
16%
% of expenses
n/a
Total assets
$90,244,194
2019
Yearly growth
7.2%
% of assets
n/a
Num. employees
43
2019
Yearly growth
7.5%
% of total
n/a
General information
Address
870 Market Street No 677
San Francisco, CA 94102
Metro area
San Francisco-Oakland-Berkeley, CA
Website URL
communityvisionca.org/ 
Phone
(415) 392-8215
Twitter profile
@ncclf 
IRS details
EIN
94-3032394
Fiscal year end
September
Taxreturn type
Form 990
Year formed
1987
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
S31: Urban, Community Economic Development
NAICS code, primary
62422: Community Housing Services
Parent/child status
Independent