Nonprofits›Chicago Community Loan Fund

Community Improvement & Capacity Building

Chicago Community Loan Fund

CHICAGO, IL

Website

Total revenue

$18.8M

Total expenses

$10.9M

Net assets

$60.6M

Grants received

$22.0M

66 grants

EIN

363762123

Tax year

2024

Mission

Provide low-cost community development project loans

Programs

2 programs

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.

Expenses: $819K

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.

Expenses: $728K

Financials

FY 2024

Revenue

Contributions & grants$8.6M
Program service revenue$8.7M
Investment income$1.5M
Other revenue—
Total revenue$18.8M

Expenses

Grants paid—
Salaries & benefits$6.2M
Fundraising$560K
Other expenses$4.7M
Total expenses$10.9M
Total assets$206.0M
Net assets$60.6M

People

30 listed

NameRoleCompensation

ROBERT TUCKER

INTERIM PRESIDENT AND COO

Board

$357K

50 hrs/wk

CALVIN HOLMES

PRESIDENT

Board

$350K

55 hrs/wk

ANGELA DOWELL

CHIEF FINANCIAL OFFICER

Board

$255K

50 hrs/wk

MOHAMMED ELAHI

DIRECTOR

Board

—

0.41 hrs/wk

DR AMARA ENYIA

DIRECTOR

Board

—

0.23 hrs/wk

THOMAS FITZGIBBON

DIRECTOR

Board

—

0.38 hrs/wk

STEPHANIE GREEN

DIRECTOR

Board

—

0.48 hrs/wk

JENNIFER GUZMAN

DIRECTOR

Board

—

0.42 hrs/wk

RICHARD GUZMAN

DIRECTOR

Board

—

0.23 hrs/wk

EDWARD HOYNES

DIRECTOR

Board

—

0.33 hrs/wk

ERIK HALL

CHAIR

Board

—

0.54 hrs/wk

ANGELA HURLOCK

DIRECTOR

Board

—

0.21 hrs/wk

ERIC PHILLIPS

DIRECTOR

Board

—

0.26 hrs/wk

MATTHEW REILEIN

DIRECTOR

Board

—

0.38 hrs/wk

MARK SPEARS

DIRECTOR

Board

—

0.65 hrs/wk

KATHY THOLIN

DIRECTOR

Board

—

0.31 hrs/wk

JOHN TUOHY

DIRECTOR

Board

—

0.29 hrs/wk

ANDREW HUGGER

DIRECTOR

Board

—

0.44 hrs/wk

SONYA MALUNDA

VICE CHAIR

Board

—

0.29 hrs/wk

CHARLES WALLS

TREASURER

Board

—

0.42 hrs/wk

AILISA HERRERA

SECRETARY

Board

—

0.81 hrs/wk

PATRICIA MCCREARY CANNON

ASSISTANT SECRETARY

Board

—

0.52 hrs/wk

KEVIN GOLDSMITH

ASSISTANT SECRETARY

Board

—

0.29 hrs/wk

JODY ADLER

DIRECTOR

Board

—

0.5 hrs/wk

JEFF ALLEN

DIRECTOR

Board

—

0.5 hrs/wk

LYCRECIA PARKS

CHIEF RISK OFFICER & VP PO

Staff

$223K

50 hrs/wk

WENDELL HARRIS

VP LENDING OPERATIONS

Staff

$209K

50 hrs/wk

JUAN CALIXTO

EVP OF EXT. RELATIONS

Staff

$202K

50 hrs/wk

MAURICE WILLIAMS

VP ECON. DEVELOPMENT

Staff

$193K

50 hrs/wk

ROBIN SCHABES

OPPORTUNITY ZONES CONSORTI

Staff

$185K

50 hrs/wk

Independent contractors

JLJ MANAGEMENT LLC

CHICAGO REBUILD WORKFORCE DEVELOPMENT

$325K

HARDENWRIGHT CONSULTING GROUP INC

TA AND CHICAGO REBUILD CONSULTANT

$131K

COMMUNITY ALLIES LLC

STRATEGIC PLANNING SERVICES

$102K

Grants received

Showing 66 of 66

FromAmountPurposeYear
CITI FOUNDATION
$400K
COMMUNITY PROGRESS MAKERS
2024
NATIONAL COMMUNITY REINVESTMENT
$150K
SUBGRANT
2024
JOHN D AND CATHERINE T MACARTHUR
$100K
IN SUPPORT OF GENERAL OPERATIONS
2024
JOHN D AND CATHERINE T MACARTHUR
$100K
IN SUPPORT OF ITS WORK LEADING THE CHICAGOLAND OPPORTUNITY ZONES CONSORTIUM
2024
The Chicago Community Trust
$696K
General support for programs, operations and other charitable purposes
2023
The Bank of America Charitable Foundation Inc
$100K
PROGRAM/OPERATING SUPPORT
2023
JOHN D AND CATHERINE T MACARTHUR
$100K
in support of its work leading the Chicagoland Opportunity Zones Consortium
2023
NATIONAL COMMUNITY REINVESTMENT
$88K
SUBGRANT
2023
JPMORGAN CHASE FOUNDATION
$50K
IN SUPPORT OF NEIGHBORHOOD REVITALIZATION
2023
MARQUETTE BANK AFFORDABLE HOUSING
$3K
COMMUNITY DEVELOPMENT
2023
The Chicago Community Trust
$925K
support for activities on the South Side of Chicago, In support of Chicago Community Loan Fund's Technical Assistance services targeting developers of color.
2022
Polk Bros Foundation Inc
$160K
Strong Communities
2022
The Bank of America Charitable Foundation Inc
$100K
PROGRAM/OPERATING SUPPORT
2022
OPPORTUNITY FINANCE NETWORK
$100K
2022 RENEWABLE ENERGY EFFICIENT GRANT
2022
ROBERT R MCCORMICK FOUNDATION
$100K
FOR CHICAGOLAND OPPORTUNITY ZONES CONSORTIUM INITIATIVE
2022
JPMORGAN CHASE FOUNDATION
$50K
IN SUPPORT OF NEIGHBORHOOD REVITALIZATION
2022
The Bank of America Charitable Foundation Inc
$50K
PROGRAM/OPERATING SUPPORT
2022
The Bank of America Charitable Foundation Inc
$25K
PROGRAM/OPERATING SUPPORT
2022
GREATER GREEN BAY COMMUNITY
$20K
PUBLIC BENEFIT AND COMMUNITY IMPROVEMENT PROGRAM SUPPORT
2022
FIFTH THIRD CHICAGOLAND FOUNDATION
$10K
AFFORDABLE HOUSING
2022
JPMORGAN CHASE FOUNDATION
$1K
GENERAL OPERATING SUPPORT
2022
NATIONAL PHILANTHROPIC TRUST
$5.0M
HUMAN SERVICES
2021
The Chicago Community Trust
$1.8M
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.
2021
The Chicago Community Trust
$1.8M
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.
2021
OPPORTUNITY FINANCE NETWORK
$200K
FINANCE JUSTICE FUND SUBGRANT
2021
Polk Bros Foundation Inc
$160K
Strong Communities
2021
Morrison Family Foundation
$100K
General Operating Support
2021
JOHN D AND CATHERINE T MACARTHUR
$100K
in support of its work leading the Chicagoland Opportunity Zones Consortium.
2021
JOHN D AND CATHERINE T MACARTHUR
$100K
in support of its work leading the Chicagoland Opportunity Zones Consortium
2021
The Bank of America Charitable Foundation Inc
$50K
OPERATIONAL SUPPORT
2021
MUFG UNION BANK FOUNDATION AG
$18K
CHARITABLE
2021
FIFTH THIRD CHICAGOLAND FOUNDATION
$10K
AFFORDABLE HOUSING
2021
FIFTH THIRD CHICAGOLAND FOUNDATION
$10K
AFFORDABLE HOUSING
2021
DONOR ADVISED CHARITABLE GIVING INC
$8K
PUBLIC, SOCIETAL BENEFIT
2021
JPMORGAN CHASE FOUNDATION
$2K
GENERAL OPERATING SUPPORT
2021
NATIONAL PHILANTHROPIC TRUST
$5M
HUMAN SERVICES
2020
The Chicago Community Trust
$875K
TO SUPPORT TECHNOLOGY, STAFF, OTHER STRATEGIES FOR INCREASING CAPACITY TO TRACK DATA AND DELIVER INNOVATIVE PRODUCTS, EPIC FUND, AND CHICAGOLAND OPPORTUNITY ZONES CONSORTIUM
2020
CITI FOUNDATION
$500K
COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS INITIATIVE
2020
JPMORGAN CHASE FOUNDATION
$350K
IN SUPPORT OF AFFORDABLE HOUSING
2020
JOHN D AND CATHERINE T MACARTHUR
$215K
in support of a consortium on Opportunity Zones.
2020
Polk Bros Foundation Inc
$160K
Strong Communities
2020
JOHN D AND CATHERINE T MACARTHUR
$150K
for its continued work with Chicago TREND.
2020
The Bank of America Charitable Foundation Inc
$100K
GENERAL SUPPORT
2020
THE GOLDMAN SACHS FOUNDATION
$100K
GRANT TO SUPPORT COVID-19 RELIEF EFFORTS IN THE CHICAGO AREA.
2020
ROBERT R MCCORMICK FOUNDATION
$75K
FOR CHICAGOLAND OPPORTUNITY ZONES CONSORTIUM
2020
JPMORGAN CHASE FOUNDATION
$65K
GENERAL OPERATING SUPPORT
2020
JOHN D AND CATHERINE T MACARTHUR
$50K
in support of strategic and financial planning to assist with COVID-19 response and recovery in Chicago.
2020
OPPORTUNITY FINANCE NETWORK
$50K
ENERGY EFFICIENCY GRANT
2020
FIFTH THIRD CHICAGOLAND FOUNDATION
$30K
AFFORDABLE HOUSING
2020
FIFTH THIRD CHICAGOLAND FOUNDATION
$30K
AFFORDABLE HOUSING
2020
FIELD FOUNDATION OF ILLINOIS
$25K
BLACK WALL STREET JOURNEY
2020
MUFG UNION BANK FOUNDATION AG
$25K
CHARITABLE
2020
Morrison Family Foundation
$15K
General Operating Support
2020
THE WALTER AND MARY TUOHY FOUNDATION
$10K
GENERAL OPERATING/LOANS IN LOW & MOD INCOME AREAS
2020
CIRCLE OF SERVICE FOUNDATION
$10K
COMMUNITY SERVICES
2020
GREATER GREEN BAY COMMUNITY
$10K
EDUCATION PROGRAM SUPPORT
2020
The Chicago Community Trust
$656K
TO SUPPORT THE ENTERPRISE CAMPAIGN, FRANCHISE INITIATIVE TRAINING AND TRACKING 2.0 (FITT 2.0), THE ETOD WORKING GROUP, COMMUNITY TABLE, THE ELEVATED CHICAGO GREEN LINE SOUTH SITE, GREEN LINE SOUTH BRANDING INITIATIVE, EMERALD SOUTH ECONOMIC DEVELOPMENT COLLABORATIVE, CHICAGOLAND OPPORTUNITY ZONE CONSORTIUM, AND GENERAL OPERATING SUPPORT
2019
THE BARACK OBAMA FOUNDATION
$150K
SUPPORT OF ECONOMIC DEVELOPMENT OF THE SOUTH SIDE OF CHICAGO
2019
UNITED WAY OF METROPOLITAN CHICAGO INC
$25K
PROGRAM SUPPORT
2019
LLOYD A FRY FOUNDATION
$10K
To provide assistance to nonprofits to apply for Payroll Protection Program assistance
2019
JPMORGAN CHASE FOUNDATION
$1K
GENERAL OPERATING SUPPORT
2019
The Chicago Community Trust
$265K
FOR CHICAGO TREND.
2018
JPMORGAN CHASE FOUNDATION
$100K
IN SUPPORT OF NEIGHBORHOOD REVITALIZATION
2018
The Bank of America Charitable Foundation Inc
$50K
PROGRAM/OPERATING SUPPORT
2018
JPMORGAN CHASE FOUNDATION
$2K
GENERAL OPERATING SUPPORT
2018
The Chicago Community Trust
$260K
FOR CHICAGO TREND
2017

Funded by

$22.0M from 23 funders · 66 grants · 2017–2024

National Philanthropic Trust

$10.0M · 2 grants · 2020–2021

The Chicago Community Trust

$7.2M · 8 grants · 2017–2023

John D And Catherine T Macarthur

$915K · 8 grants · 2020–2024

Citi Foundation

$900K · 2 grants · 2020–2024

Jpmorgan Chase Foundation

$621K · 9 grants · 2018–2023

Polk Bros Foundation Inc

$480K · 3 grants · 2020–2022

The Bank of America Charitable Foundation Inc

$475K · 7 grants · 2018–2023

Opportunity Finance Network

$350K · 3 grants · 2020–2022

Details

EIN363762123
NTEE codeS20Z
Subsection03
Ruling date1991-07
Formed1991
Employees29
Volunteers22
CHICAGO COMMUNITY LOAN FUND — Mission, Financials & Grants Received | Grantivo