Program areas at CCLF
Lending - cclf operates as a revolving Loan Fund, providing financing through its Loan pool of lending capital for affordable housing, nonprofit facility and office space, commercial and retail development and other activities. These projects promise high social impact through The production and preservation of affordable housing, job creation and other services for low and moderate income individuals, families and communities.
Economic development - cclf is historically a niche lender: one that meets The financing and technical assistance needs that are unmet in The low to moderate income communities. The 2012 - 2016 strategic plan has directed a course of collaborative relationships, exploration of available programs new to cclf and The co-creation of programs to build and/or rehabilitate commercial real estate. This program is designed to research and finance such opportunities.
Technical assistance - cclf's gateway to Community development program provides technical assistance to borrowers and non-borrowers through time sensitive real estate development advice and referrals, a range of workshop topics, facilitated planning processes and support for sustainable building practices.
Who funds Chicago Community Loan Fund (CCLF)
Grants from foundations and other nonprofits
| Grantmaker | Grantmaker tax period | Description | Amount |
|---|
| National Philanthropic Trust | 2022-06 | Human Services | $5,001,000 |
| The Chicago Community Trust | 2022-09 | General Operating Support. in Support of the Development and Construction Costs Associated With the Redevelopment of the Overton School at 221 E. 49th ST. and the Chicagoland Opportunity Zones Consortium, From the Searle Funds at the Chicago Community Trust. | $1,751,000 |
| Polk Bros Foundation | 2022-08 | Strong Communities | $160,000 |
| ...and 11 more grants received |
Personnel at CCLF
| Name | Title | Compensation | Date of data |
|---|
| Robert Tucker | Chief Operating Officer , Executive Vice President of Programs / Chief Operating Officer and Executive Vice President of Programs / Chief Operating Officer , Vice President of Programs | $245,540 | 2022-12-31 |
| Angela Dowell | Chief Financial Officer | $226,970 | 2023-05-17 |
| Lycrecia Parks | Vice President Portfolio MGMT. / Vice President of Portfolio Management / Director of Portfolio Management | $185,324 | 2022-12-31 |
| Juan Calixto | Vice President External Relations / Vice President , External Relations / Vice President of External Relations | $172,220 | 2022-12-31 |
| Charles S Walls | Treasurer | $0 | 2023-10-27 |
| ...and 10 more key personnel |
Financials for CCLF
| Revenues | FYE 12/2022 | FYE 12/2021 | % Change |
|---|
| Total grants, contributions, etc. | $6,972,236 | $10,415,544 | -33.1% |
| Program services | $6,209,816 | $6,353,097 | -2.3% |
| Investment income and dividends | $426,812 | $297,661 | 43.4% |
| Tax-exempt bond proceeds | $0 | $0 | - |
| Royalty revenue | $0 | $0 | - |
| Net rental income | $0 | $0 | - |
| Net gain from sale of non-inventory assets | $-31,057 | $12,173 | -355.1% |
| Net income from fundraising events | $0 | $-225,297 | -100% |
| Net income from gaming activities | $0 | $0 | - |
| Net income from sales of inventory | $0 | $0 | - |
| Miscellaneous revenues | $977,956 | $90,000 | 986.6% |
| Total revenues | $14,555,763 | $16,943,178 | -14.1% |
Organizations like CCLF
| Organization | Type | Location | Revenue |
|---|
| Colorado Enterprise Fund (CEF) | 501(c)(3) | Denver, CO | $16,879,154 |
| Northern California Community Loan Fund | 501(c)(3) | San Francisco, CA | $13,288,785 |
| Cincinnati Development Fund (CDF) | 501(c)(3) | Cincinnati, OH | $10,309,687 |
| New Hampshire Community Loan Fund | 501(c)(3) | Concord, NH | $14,740,663 |
| Grow America Fund | 501(c)(3) | New York, NY | $3,801,712 |
| The Reinvestment Fund (TRF) | 501(c)(3) | Philadelphia, PA | $54,478,225 |
| Low Income Investment Fund (LIIF) | 501(c)(3) | San Francisco, CA | $61,156,061 |
| The national Development council | 501(c)(3) | New York, NY | $35,945,507 |
| Coastal Enterprises (CEI) | 501(c)(3) | Brunswick, ME | $13,614,519 |
| Washington Area Community Investment Fund | 501(c)(3) | Washington, DC | $9,086,978 |
Data update history
January 18, 2024
Updated personnel
Identified 2 new personnel
January 12, 2024
Posted financials
Added Form 990 for fiscal year 2022
December 30, 2023
Used new vendors
Identified 1 new vendor, including
Nonprofit Types
Business and community development organizationsCommunity Development Financial InstitutionsCharities
Issues
Community improvementEconomic development
Characteristics
State / local levelReceives government fundingTax deductible donations
General information
- Address
- 29 E Madison 1700
- Chicago, IL 60602
- Metro area
- Chicago-Naperville-Elgin, IL-IN-WI
- Website URL
- cclfchicago.org/Â
- Phone
- (312) 252-0440
- Facebook page
- Chicago-Community-Loan-FundÂ
- Twitter profile
- @cclfchicagoÂ
IRS details
- EIN
- 36-3762123
- Fiscal year end
- December
- Taxreturn type
- Form 990
- Year formed
- 1991
- 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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