2025-11-17T12:58:25-06:00 2024-12-31 410746749 CLIFTONLARSONALLEN LLP 950 NORTH GLEBE ROAD SUITE 1200 ARLINGTON VA 22203 990 2024-01-01 261269202 NCRC COMMUNITY DEVELOPMENT FUND INC NCRC 2026288866 740 15TH STREET SUITE 400 WASHINGTON DC 20005 JESSE VAN TOL CHAIR OF BOARD 2026288866 2025-11-17 1 0 CHICHI MSANGI P01972113 5712279500 2025-11-17 2024 2025-03-06 01:10:19Z JESSE VAN TOL 740 15TH STREET SUITE 400 WASHINGTON DC 20005 2822190 0 X NCRC.ORG X 2007 DC NCRC CDF PROVIDES ACCESS TO CAPITAL THAT SUPPORTS ENTREPRENEURSHIP AND AFFORDABLE HOMEOWNERSHIP IN AMERICA'S UNDERSERVED COMMUNITIES. 5 5 0 5 0 0 161969918 733099 2471808 1808593 230157 -306586 2224 17361 164674107 2252467 156669431 0 0 0 0 0 0 0 0 7411630 7655011 164081061 7655011 593046 -5402544 67297534 55569537 45012394 38686941 22285140 16882596 NCRC CDF, A US TREASURY-CERTIFIED COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION, PROVIDES ACCESS TO CAPITAL FOR AMERICA'S UNDERSERVED COMMUNITIES THAT SUPPORTS ENTREPRENEURSHIP AND AFFORDABLE HOMEOWNERSHIP. 0 0 3338568 0 1325350 THE AFFORDABLE HOUSING PROGRAM PROVIDES FUNDING TO ENTITIES TO REHABILITATE, DEVELOP, AND PROMOTE AFFORDABLE HOUSING AND HOME OWNERSHIP IN LOW- AND MODERATE-INCOME CENSUS TRACTS FOR PERSONS OF LOW- AND MODERATE-INCOME. 2570480 0 428919 THE SMALL BUSINESS PROGRAM PROVIDES FUNDING TO SMALL BUSINESSES INCLUDING MINORITY-OWNED, WOMEN-OWNED AND LOW-INCOME BUSINESSES. 54324 0 54324 THE AMERICAN RESCUE PLAN GRANT MADE FUNDS AVAILABLE FOR RECOVERY TO BUSINESSES IN THE ARTS, RESTAURANTS, AND HOTEL SECTORS THAT EXPERIENCED FINANCIAL HARDSHIP DUE THE COVID-19 PANDEMIC. THE PROGRAM PROVIDED CAPITAL TO BUSINESSES IN ILLINOIS. 5963372 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 34 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 5 5 0 0 0 0 1 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 CA DC FL GA HI IL MD TX X DIANE CROCKETT 2026288866 740 15TH STREET NW SUITE 400 WASHINGTON DC 20005 JESSE VAN TOL BOARD CHAIR 4.00 40.00 X X 0 0 0 IRVIN HENDERSON TREASURER 2.00 1.00 X X 0 0 0 ROBERT DICKERSON JR SECRETARY 2.00 5.00 X X 0 0 0 CHARLES HARRIS DIRECTOR 2.00 1.00 X 0 0 0 DONNA GAMBRELL DIRECTOR 2.00 0.00 X 0 0 0 SIMON MCNEIL EXECUTIVE DIRECTOR 40.00 0.00 X 0 155823 20584 0 155823 20584 0 0 1 0 FALCON CAPITAL ADVISORS 427 NORTH LEE STREET ALEXANDRIA VA 22314 INTERIM EXECUTIVE DIRECTOR 183600 1 733099 733099 INTEREST 900099 1802146 1802146 UNDERWRITING & PROCESSING FEES 900099 6447 6447 1808593 206957 206957 56180 569723 -513543 -513543 -513543 OTHER INCOME 900099 17361 17361 17361 2252467 1808593 0 -289225 X 2168 2168 110229 110229 2002673 642734 1359939 7290 6140 1150 15316 1700 13616 78208 45243 32965 24751 2747 22004 108063 108063 13547 1503 12044 1272105 1272105 1822 202 1620 PROVISION FOR CREDIT LO 3987523 3987523 DUES & SUBSCRIPTIONS 19828 2200 17628 11488 1275 10213 7655011 5963372 1691639 0 10529201 7839419 1373458 391007 1840786 1628689 3353154 3354110 48654809 42356312 553 1545573 67297534 55569537 79701 349525 39790000 37790000 5142693 547416 45012394 38686941 X 22285140 16882596 22285140 16882596 67297534 55569537 -5402544 0 X 0 1 X 1 0 X 1 2726265 10000 161969918 733099 165439283 710314 1417195 1435810 2701965 1808593 8073877 710315 4143460 1445810 164671883 2541692 173513160 0 683167 762102 1102904 102670 1542370 4193213 683167 762102 1102904 102670 1542370 4193213 169319947 13537 12588 206957 233082 13537 12588 206957 233082 2554 2224 17361 22139 726406 4156048 1445810 164674107 2766010 173768381 0.97440 0.98130 0.00130 0.00050 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: OTHER - 2020 AMOUNT: $ 2,554. 2023 AMOUNT: $ 2,224. 2024 AMOUNT: $ 17,361. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 DUE TO AFFILIATES 202703 OTHER SECURED BORROWING 344713 547416 X 2252467 0 2252467 0 2252467 7655011 0 7655011 0 7655011 PART X, LINE 2: NCRC CDFI IS RECOGNIZED AS A TAX-EXEMPT ORGANIZATION AS DEFINED IN SECTION 501(C)(3) OF THE IRC AND IS GENERALLY EXEMPT FROM THE FEDERAL INCOME TAXES ON RELATED INCOME, EXCEPT FOR TAXES ON UNRELATED BUSINESS INCOME. THERE WERE NO UNRELATED BUSINESS INCOME ACTIVITIES FOR THE YEARS ENDED DECEMBER 31, 2024 AND 2023. NCRC CDFI HAS FILIED FOR AND RECEIVED INCOME TAX EXEMPTIONS IN THE VARIOUS JURISDICTIONS IN WHICH IT IS REQUIRED. NCRC CDFI FILES RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX (FORM 990) IN THE U.S. FEDERAL JURISDICTION. MANAGEMENT HAS EVALUATED NCRC CDFI'S TAX POSITIONS AND HAS CONCLUDED THAT IT HAS TAKEN NO MATERIAL UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENTS TO THESE FINANCIAL STATEMENTS. 0 0 0 0 0 0 0 0 0 SIMON MCNEIL EXECUTIVE DIRECTOR 0 155823 0 0 0 0 0 1177 0 19407 0 176407 0 0 FORM 990, PART VI, SECTION A, LINE 1A THE EXECUTIVE DIRECTOR OR OTHER BOARD DESIGNEE IS SELECTED AND HIRED BY THE SOLE MEMBER AND RATIFIED BY THE BOARD OF DIRECTORS OR THE DIRECTORS' DESIGNATED COMMITTEE. THE EXECUTIVE DIRECTOR IS RESPONSIBLE FOR CARRYING OUT THE STRATEGY AND MISSION OF THE CDF AND HAS THE AUTHORITY TO MANAGE THE ORGANIZATION'S BUDGET, ENTER INTO LEGALLY BINDING CONTRACTS AND FINANCIAL OBLIGATIONS ON BEHALF OF THE ORGANIZATION, AND OTHER DUTIES AS DESCRIBED BY THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 6 NCRC IS THE SOLE MEMBER. FORM 990, PART VI, SECTION B, LINE 11B THE RETURN IS PREPARED BY AN OUTSIDE ACCOUNTANT AND REVIEWED BY BOARD MEMBERS PRIOR TO FILING THE RETURN WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C OFFICERS AND DIRECTORS COMPLETE A CONFLICT OF INTEREST STATEMENT ANNUALLY. IF THE BOARD DETERMINES THAT AN INDIVIDUAL IS DEEMED TO HAVE A CONFLICT OF INTEREST, THE INDIVIDUAL WILL RECUSE HIM OR HERSELF AND WILL NOT PARTICIPATE IN CONSIDERATION OF THE PROPOSED TRANSACTION OR ARRANGEMENT, SHALL NOT VOTE ON SUCH TRANSACTION OR ARRANGEMENT, AND SHALL NOT BE PRESENT FOR THE CONSIDERATION OF OR VOTE ON SUCH TRANSACTION UNLESS THE BOARD REQUESTS INFORMATION OR INTERPRETATION FROM THE INTERESTED PERSON. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST. FORM 990, PART IX, LINE 11G CONSULTING: PROGRAM SERVICE EXPENSES 88,349. MANAGEMENT AND GENERAL EXPENSES 207,855. TOTAL EXPENSES 296,204. OTHER FEES: PROGRAM SERVICE EXPENSES 537,474. MANAGEMENT AND GENERAL EXPENSES 1,152,084. TOTAL EXPENSES 1,689,558. LOAN PROCESSING: PROGRAM SERVICE EXPENSES 16,911. TOTAL EXPENSES 16,911. NATIONAL COMMUNITY REINVESTMENT COALITION 740 15TH STREET NW WASHINGTON DC 20005 521766126 PROMOTE GREATER ACCESS TO CAPITAL IN LOW-INCOME COMMUNITIES DC 501(C)(3) LINE 7 N/A 0 0 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0