Program areas at Forward Community Investments
Community lending services - fci's lending services incorporate activities essential to providing loans to fci's clients. Those services include developing and maintaining client, lender and investor relations; processing loan requests; underwriting; loan servicing; technical assistance and consulting for clients; and raising and servicing Investments.
Community Investments - activities include planning, implementation and oversight of the annual grants process; oversight of annual distributions from donor advised funds; developing and maintaining grantee and stakeholder relationships; and processing and servicing grant requests. This also includes programs funded by larger grants that have a pass-through grant aspect to them.
Grants made by Forward Community Investments
| Grantee | Grant description | Grant year | Amount |
|---|
| Via CDC | Affordable Housing Lush Home Project | 2023-12 | $40,000 |
| Madison Reading Project | New Bus Program Extension | 2023-12 | $15,000 |
Who funds Forward Community Investments
Grants from foundations and other nonprofits
Personnel at Forward Community Investments
| Name | Title | Compensation | Date of data |
|---|
| Ryan Zerwer | President and Chief Executive Officer | $226,136 | 2024-08-15 |
| Tracy Hubbard | Chief Operating Officer and Chief Financial Officer | $99,799 | 2022-12-31 |
| Raynetta Hill | Historic King Drive Business Improvement District Bid8 , Executive Director | $0 | 2024-02-23 |
| Evan Reed | Director of Lending and Investments | | 2024-02-23 |
| Rebecca Bains | Director of Finance and Compliance | $109,794 | 2023-12-31 |
| ...and 13 more key personnel |
Financials for Forward Community Investments
| Revenues | FYE 12/2023 | FYE 12/2022 | % Change |
|---|
| Total grants, contributions, etc. | $155,048 | $2,620,381 | -94.1% |
| Program services | $2,977,240 | $2,414,597 | 23.3% |
| Investment income and dividends | $225,378 | $120,130 | 87.6% |
| Tax-exempt bond proceeds | $0 | $0 | - |
| Royalty revenue | $0 | $0 | - |
| Net rental income | $0 | $0 | - |
| Net gain from sale of non-inventory assets | $0 | $0 | - |
| Net income from fundraising events | $0 | $0 | - |
| Net income from gaming activities | $0 | $0 | - |
| Net income from sales of inventory | $0 | $0 | - |
| Miscellaneous revenues | $0 | $0 | - |
| Total revenues | $3,357,666 | $5,155,108 | -34.9% |
Organizations like Forward Community Investments
| Organization | Type | Location | Revenue |
|---|
| Common Capital | 501(c)(3) | Springfield, MA | $1,986,861 |
| Entrepreneur Fund | 501(c)(3) | Duluth, MN | $13,045,758 |
| Neighborhood Finance Corporation (NFC) | 501(c)(3) | Des Moines, IA | $6,795,518 |
| Johnstown Area Regional Industries | 501(c)(3) | Johnstown, PA | $1,565,309 |
| TruFund Financial services | 501(c)(3) | New York, NY | $16,024,804 |
| Mountain Bizworks | 501(c)(3) | Asheville, NC | $6,406,300 |
| Ascendus | 501(c)(3) | New York, NY | $13,403,959 |
| Accessity | 501(c)(3) | San Diego, CA | $5,295,637 |
| Dakota Business Lending | 501(c)(3) | Fargo, ND | $2,699,017 |
| Latino Economic Development Center (LEDC) | 501(c)(3) | Saint Paul, MN | $4,726,530 |
Data update history
September 24, 2024
Posted financials
Added Form 990 for fiscal year 2023
August 2, 2024
Used new vendors
Identified 1 new vendor, including
February 23, 2024
Updated personnel
Identified 2 new personnel
October 14, 2023
Updated personnel
Identified 1 new personnel
Nonprofit Types
Business and community development organizationsCommunity Development Financial InstitutionsCharities
Issues
Business and industry
Characteristics
Operates donor advised fundsLobbyingReceives government fundingEndowed supportCommunity engagement / volunteeringTax deductible donationsNo full-time employeesAccepts online donations
General information
- Address
- 2352 S Park St 326
- Madison, WI 53713
- Metro area
- Madison, WI
- County
- Dane County, WI
- Website URL
- forwardci.org/Â
- Phone
- (608) 257-3863
IRS details
- EIN
- 39-1815578
- Fiscal year end
- December
- Taxreturn type
- Form 990
- Year formed
- 1994
- Eligible to receive tax-deductible contributions (Pub 78)
- Yes
Categorization
- NTEE code, primary
- S40: Business and Industry
- NAICS code, primary
- 522120: Savings Institutions
- Parent/child status
- Independent
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