2025-11-14T07:16:06-06:00 2025-06-30 202153727 SB AND COMPANY LLC 10200 GRAND CENTRAL AVENUE SUITE 250 OWINGS MILLS MD 21117 990 2024-07-01 832643429 NEIGHBORHOOD IMPACT INVESTMENT FUND INC NEIG 4102183437 2601 N HOWARD STREET 215 BALTIMORE MD 21218 SAMMY NDIYO CHIEF FINANCIAL OFFICER 4102183437 2025-11-14 1 1 TIANA WYNN P00997288 4105840060 2024 2025-03-06 01:10:19Z SAMMY NDIYO 2601 N HOWARD STREET 215 BALTIMORE MD 21218 8474230 0 X HTTPS://WWW.BALTIMORENIIF.ORG/ X 2018 MD DELIVER CAPITAL AND PROMOTE EQUITABLE GROWTH IN BALTIMORE'S DISINVESTED NEIGHBORHOODS. 15 15 7 15 0 0 8003038 4728875 1275961 1576637 1084483 2168718 0 0 10363482 8474230 3735950 3093254 0 0 953993 1167786 0 0 109569 1388033 1686098 6077976 5947138 4285506 2527092 63033777 65279260 51751083 51950737 11282694 13328523 NEIGHBORHOOD IMPACT INVESTMENT FUND, INC. (NIIF) MOBILIZES CAPITAL AND LEVERAGES PARTNERSHIPS TO SUPPORT COMMUNITY DEVELOPMENT, DRIVE ECONOMIC OPPORTUNITY, AND PROMOTE EQUITY IN BALTIMORE'S DISINVESTED NEIGHBORHOODS. 0 0 5230793 3093254 1576637 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. 5230793 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 12 0 1 7 1 0 0 0 0 0 0 0 0 0 0 X 15 15 1 0 0 0 0 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MD X SAMMY NDIYO 2405658717 2601 N HOWARD STREET SUITE 215 BALTIMORE MD 21218 ARNOLD WILLIAMS BOARD CHAIR 2.00 X X 0 0 0 JALAL JAY GREENE TREASURER/AUDIT CO-CHAIR 2.00 X X 0 0 0 MICHAEL GAINES SECRETARY 2.00 X 0 0 0 LINDA SORDEN SECRETARY 2.00 X 0 0 0 MARC BROADY MEMBER/DIVERSITY EQUITY INCLUSION CHAIR 1.00 X 0 0 0 JOHN HAMILTON MEMBER/NOMINATING CHAIR 1.00 X 0 0 0 PAUL TAYLOR MEMBER/SMALL BUSINESS CHAIR 1.00 X 0 0 0 LORI GLASS MEMBER/INVESTMENT CHAIR 1.00 X X 0 0 0 MARY MILLER MEMBER 2.00 X 0 0 0 SONJA WELLS MEMBER 1.00 X 0 0 0 AUGIE CHIASERA MEMBER 1.00 X 0 0 0 ANNIE MILLI MEMBER 1.00 X 0 0 0 FT BURDEN MEMBER 1.00 X 0 0 0 COLIN TARBERT MEMBER 1.00 X 0 0 0 MICHAEL PORKORNY MEMBER 1.00 X 0 0 0 MARK KAUFMAN PRESIDENT AND CEO 40.00 X 194047 0 30778 RYAN RATTANNI CHIEF LOAN OFFICER 40.00 X 145049 0 17977 HEIDI HANSEN GENERAL COUNSEL AND LOAN OFFICER 32.00 X 139325 0 11801 SAMMY NDIYO CHIEF FINANCE OFFICER 40.00 X 129512 0 17591 607933 0 78147 4 0 1 0 FORSYTH STREET ASSET MANAGEMENT LLC 588 BROADWAY SUITE 1208 NEW YORK NY 10012 FINANCIAL ADVISORS: FUND MANAGEMENT,LOAN 340250 1 1285000 3443875 4728875 INTEREST INCOME ON LOA 561499 1369176 1369176 LOAN INCOME AND OTHER 561499 207461 207461 1576637 2168718 2168718 8474230 1576637 0 2168718 3093254 3093254 686080 486247 162644 37189 272467 93685 144590 34192 21236 15955 3927 1354 120501 42155 70015 8331 67502 40429 22127 4946 989 989 332818 309000 23818 148863 111263 21600 16000 37809 3462 34347 58631 18306 38244 2081 64312 18267 44273 1772 21500 11653 8304 1543 2156 2156 1536 802 622 112 31605 17341 12215 2049 PROVISION FOR LOAN LOSS 959493 959493 SENIOR SECURED UNUSED F 19061 19061 LOAN SERVICING FEES 7325 7325 5947138 5230793 606776 109569 3323864 2427861 503900 411500 22652196 29995834 44399 38164 18963 1536 0 17427 35499203 31222728 1000000 1000000 10215 165746 63033777 65279260 51083 89928 51700000 51700000 0 160809 51751083 51950737 X 10782694 13019413 500000 309110 11282694 13328523 63033777 65279260 2527092 -481263 0 X X 0 1 X 1 1 1 X 94516 2661743 2155640 8003038 4728875 17643812 495532 770335 1036226 1272528 1576637 5151258 590048 3432078 3191866 9275566 6305512 22795070 0 0 0 22795070 266630 16639 367899 1084482 2168718 3904368 266630 16639 367899 1084482 2168718 3904368 23 3432 3455 856701 3448717 3559765 10363480 8474230 26702893 0.85370 0.87780 0.14620 0.12200 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 9625 1069 8556 9338 467 8871 17427 LEASE LIABILITY 160809 160809 X 7997767 -481263 4800 -476463 8474230 0 8474230 5951938 4800 4800 5947138 0 5947138 PART X, LINE 2: NIIF IS A NOT-FOR-PROFIT ORGANIZATION THAT IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE UNITED STATES INTERNAL REVENUE CODE AND IS RECOGNIZED AS SUCH BY THE INTERNAL REVENUE SERVICE. THE PROVISIONS INCLUDED IN ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA PROVIDE CONSISTENT GUIDANCE FOR THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN AN ENTITY'S FINANCIAL STATEMENTS AND PRESCRIBE A THRESHOLD OF "MORE LIKELY THAN NOT" FOR RECOGNITION OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. NIIF PERFORMED AN EVALUATION OF UNCERTAIN TAX POSITIONS AS OF JUNE 30, 2025 AND 2024, AND DETERMINED THAT THERE WERE NO MATTERS THAT WOULD REQUIRE RECOGNITION IN THE FINANCIAL STATEMENTS OR WHICH MAY HAVE ANY EFFECT ON ITS TAX-EXEMPT STATUS. AS OF JUNE 30, 2025, THE STATUTE OF LIMITATIONS FOR FISCAL YEARS 2022 THROUGH 2025, REMAINS OPEN WITH THE U.S. FEDERAL JURISDICTION TAX RETURNS. 1 MEDCO MADISON PARK NORTH LLC 2002 CLIPPER PARK ROAD SUITE 105 BALTIMORE MD 21211 521376562 3002660 0 DHCD CORE GRANTS DRUID HEIGHTS COMMUNITY DEVELOPMENT CORPORATION INC 2140 MCCULLOH STREET BALTIMORE MD 21217 521021726 501C(3) 25000 0 NIIF SMALL DEVELOPERS GRANT PROGRAM TAMIR EZZAT - 101 E TRENTON STREET LOAN 6109 FALLS ROAD BALTIMORE MD 21209 931376401 23819 0 NIIF SMALL DEVELOPERS GRANT PROGRAM VENROY JULY - 1339 W BALTIMORE STREET LOAN 1339 W BALTIMORE STREET BALTIMORE MD 21201 17992 0 NIIF SMALL DEVELOPERS GRANT PROGRAM PHG - E 22ND STREET NOTE A LOAN 410 EAST NORTH AVENUE BALTIMORE MD 21202 521317246 23783 0 NIIF SMALL DEVELOPERS GRANT PROGRAM PART I, LINE 2: GRANT WRITING -MANAGEMENT WILL ASSIGN ONE INDIVIDUAL RESPONSIBLE FOR PROPOSAL DEVELOPMENT AND SUBMISSION. THE GRANT AMOUNT WILL DETERMINE THE REVIEW AND APPROVAL PROCESS: -FOR GRANT AMOUNTS UNDER $500,000, THE CEO WILL BE RESPONSIBLE FOR REVIEW AND APPROVAL OF THE APPLICATION PRIOR TO SUBMISSION, WITH NOTIFICATION TO THE DIVERSITY EQUITY AND INCLUSION COMMITTEE ("DEI COMMITTEE"). -FOR GRANT AMOUNTS $500,000 AND UP TO $1,499,999 THE DEI COMMITTEE WILL BE RESPONSIBLE FOR REVIEW AND APPROVAL OF THE APPLICATION PRIOR TO SUBMISSION, WITH NOTIFICATION TO THE BOARD. -FOR GRANT AMOUNTS $1,500,000 AND ABOVE THE BOARD WILL BE RESPONSIBLE FOR REVIEW AND APPROVAL OF THE APPLICATION PRIOR TO SUBMISSION. -SHOULD THE GRANTOR REQUIRE BOARD APPROVAL, THE BOARD WILL REVIEW AND APPROVE THE APPLICATION PRIOR TO SUBMISSION. GRANT MANAGEMENT -MANAGEMENT WILL ASSIGN ONE INDIVIDUAL RESPONSIBLE FOR OVERSEEING GRANT COMPLIANCE, BEGINNING WITH MANAGING THE GRANT ACCEPTANCE PROCESS THROUGH GRANT CLOSEOUT, SHOULD THE GRANTOR REQUIRE BOARD APPROVAL FOR THE CONTRACT OR AGREEMENT, THE INDIVIDUAL ASSIGNED TO EACH GRANT WILL PRESENT THE GRANT AGREEMENT OR CONTRACT FOR BOARD APPROVAL AND DOCUMENT APPROVAL PRIOR TO ACCEPTANCE. PROGRAM MANAGEMENT -MANAGEMENT WILL ASSIGN ONE INDIVIDUAL RESPONSIBLE FOR IMPLEMENTING THE PROGRAM FUNDED BY THE GRANT AND MEETING PROGRAM GOALS AND OUTCOMES. GRANT REPORTING -MANAGEMENT WILL ASSIGN ONE INDIVIDUAL RESPONSIBLE FOR PROGRAMMATIC REPORTING GRANT ACCOUNTING -MANAGEMENT WILL ASSIGN ONE INDIVIDUAL RESPONSIBLE FOR MANAGING THE FINANCIAL ASPECT OF THE GRANT AND COMPLETING FINANCIAL REPORTING. X X 0 0 0 0 0 0 0 0 0 MARK KAUFMAN PRESIDENT AND CEO 194047 0 0 0 0 0 0 0 30778 0 224825 0 0 0 RYAN RATTANNI CHIEF LOAN OFFICER 145049 0 0 0 0 0 0 0 17977 0 163026 0 0 0 HEIDI HANSEN GENERAL COUNSEL AND LOAN OFFICER 139325 0 0 0 0 0 0 0 11801 0 151126 0 0 0 FORM 990, PART VI, SECTION A, LINE 2 YES. NIIF HAS SEVERAL DIRECTORS WHO SERVE AS OFFICERS OR EMPLOYEES OF LENDING ORGANIZATIONS, BOTH NON-PROFIT AND FOR PROFIT. IN THE NORMAL COURSE, THESE ORGANIZATIONS MAY HAVE IN THE PAST, OR MAY IN THE FUTURE, SHARE A BUSINESS RELATIONSHIP THROUGH EACH LENDING TO THE SAME COUNTERPARTY. TO THE EXTENT NIIF IS INVOLVED IN ANY SUCH TRANSACTION, THE RELATIONSHIP IS GOVERNED BY NIIF'S CONFLICT OF INTEREST POLICY. SUCH LENDING ORGANIZATIONS MAY ALSO HAVE A DEPOSITORY RELATIONSHIP WITH DIRECTORS EITHER INDIVIDUALLY OR THE ORGANIZATION FOR WHOM THEY ARE EMPLOYED, WHICH ARE SUJECTS TO TERMS AND CONDITIONS GENERALLY AVAILABLE TO SIMILARLY SITUATED BANKING CLIENTS. FORM 990, PART VI, SECTION A, LINE 7A THE MAYOR OF THE CITY OF BALTIMORE HAS THE ABILITY TO APPOINT AND REMOVE THREE DIRECTORS TO THE NIIF BOARD. SUCH DIRECTORS DO NOT CONTROL OR HAVE THE ABILITY TO VETO ANY ACTION OF THE BOARD, WHICH IS COMPRISED OF ELEVEN TO SEVENTEEN DIRECTORS, OR CONTROL ANY OF ITS STANDING COMMITTEES. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PRESENTED TO THE BOARD FOR REVIEW AND APPROVED BY THE AUDIT COMMITTEE BEFORE BEING FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C EACH DIRECTOR, OFFICER, EMPLOYEE, AND VOLUNTEER SHALL REGULARLY DISCLOSE ALL CONFLICTS OF INTEREST AND PREVIOUSLY UNREPORTED CONFLICTS OF INTEREST IN WRITING ON NIIF'S DISCLOSE FORM IN ACCORDANCE WITH THIS POLICY IN THE FORM AND SIGN A STATEMENT THAT AFFIRMS THAT SUCH PERSON HAS RECEIVED A COPY OF THE POLICY, READ AND UNDERSTANDS THE POLICY, AGREED TO COMPLY WITH THE POLICY AND HAS NO CONFLICT OF INTEREST TO REPORT CURRENT AND ANY PREVIOUSLY UNREPORTED CONFLICTS OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 AN INDEPENDENT PUBLIC ACCOUNTANT PREPARES A SUMMARY OF THE SALARIES OF OTHER EXECUTIVE DIRECTORS AT SIMILAR ORGANIZATIONS IN THE BALTIMORE AREA AND WE UTILIZE THE CDFI LOAN FUND COMPENSATION SURVEY FOR CDFI ORGANIZATIONS WITH SIMILAR STAFF SIZE, URBAN, AND PRIMARY FINANCING SECTOR FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XII, LINE 2C: COMMITTEE THAT ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT HAS NOT CHANGED FROM PRIOR YEAR.