NonprofitsIff

Community Improvement

Iff

CHICAGO, IL

Total revenue

$134.6M

Total expenses

$73.0M

Net assets

$197.5M

Grants received

$35.5M

38 grants

EIN

363656836

Tax year

2024

Mission

IFF leverages knowledge, capital, and resources to advance equitable and transformational outcomes in under-resourced communities, guided by our commitment to be an inclusive, anti-racist and anti-oppressive institution that honors communities as asset-rich and as experts in their own stories.

Programs

5 programs

Social Impact Accelerator - Program & Initiatives, Hope Starts Here, and Comprehensive Based Placed Initiatives (Early Child Services, and School Services) Early Child services is designed to increase capacity and improve access to quality early care and education across the Midwest states we serve. Providers can receive technical assistance, consulting services, and grants to improve facility quality. School Services is a program in which we work across all education systems with school districts, charter schools and charter school authorizers, private schools, policymakers, and education advocates to increase opportunity and improve outcomes for students. Coordinated and focused efforts allow IFF to strategize, develop, and implement programmatic responses. Informed by data, IFF helps plan, find, finance, and develop schools in the places where they are needed the most.

Expenses: $22.2MGrants: $18.5M

Real Estate Solutions: This program helps nonprofits make better real estate and space decisions to support growth planning, program changes, and financial and organizational capacity. The goals and objectives of each nonprofit client determine IFF's scope of consulting services, from advising on real estate strategies to solving specific need for additional or new space. Clients choose from a comprehensive menu of fully integrated services based on a proposal tailored to specific needs, all at below market fees. Services provided include feasibility assessments, facilities assessments, strategic facility plans, site search and due diligence, and owner's representative services. Since 1997, 1,734 projects have been worked on in this program and has funded the renovations or construction of over 4.1 million square feet of real estate developed. In addition, this program has created 13,357 K-12 student slots, 5,155 Early Childhood Education slots, and developed 381 housing units.

Expenses: $8.5M

Community Development Solutions: IFF has worked to strengthen nonprofits and their communities through our expertise in finance, real estate planning and development, and research. IFF will work with local and state government, nonprofit agencies, foundations, and other community groups to help achieve their community development goals by assessing community conditions by analyzing demographic data and trends, inventorying existing community assets, and identifying gaps. IFF also evaluates housing, human services, education, health care, investments, and job environments to provide a community conditions analysis which helps guide stakeholders to develop strategic plans and to prioritize investments. IFF will develop solutions with conceptual projects and programs with strategic partners and facilitate community partnerships by bringing relevant parties together by facilitating partnerships with strategic stakeholders and potential collaborators. Through this work, IFF has helped address a broad range of community needs - from health care, education, housing, child care, healthy food access, and job training. This program also initiates, coordinates, develops, and owns real estate projects that respond to community needs, create jobs, and transforms low-income communities in the Midwest. It acquires, owns and manages community-integrated housing for low-income disabled adults, and redeveloping foreclosed properties near public transit into affordable homes and apartments.

Expenses: $7.9MGrants: $116K

Sector Strategies, Strategic Insights, Community Data Insights, Community Engagement, Performance Impact, and Organizational Learning. We provide data and analysis to help nonprofits, foundations, and governments agencies make better decisions about resource allocation and real estate investment. Our goal is to ensure that investments and programs are targeted to where they are needed the most. We are national leaders in needs assessments that measure the supply of and demand for quality schools in urban school districts. Our initiatives have informed state and local government efforts to expand quality child care in high-needs areas, and led to new models for providing affordable, community-integrated housing to low income persons with disabilities. Community Engagement projects include needs assessment by service and geography, assessment of organizational capacity for existing or new services, qualitative analysis of nonprofit service delivery and client experience, program evaluations, nonprofit financial trends, financial health, and financial management, analysis of population and economic trends, data to support strategic planning, and mapping and analysis of program data. We are also the administrators and program developers of the Chicago Cultural Treasurers program.

Expenses: $2.9M

Corporate Communication and External Affairs: IFF's corporate communications and external affairs department advances IFF's priorities in the areas of community development finance, the nonprofit sector, charter schools, early care and education, health care and housing. It also supports the growth of IFF in the Midwest. Government policy and spending decisions have big impact on our clients operating environmental and the health of the communities they serve. We engage in public policy to make sure that these decisions are based on solid data, knowledge of the nonprofit sector, and hands-on experience in community development. Our initiative has informed state and local government efforts to expand quality child care in high-need areas, and led to new models for providing affordable, community-integrated housing to low-income persons with disabilities.

Expenses: $1.4M

Financials

FY 2024

Revenue

Contributions & grants$86.7M
Program service revenue$45.0M
Investment income$2.9M
Other revenue
Total revenue$134.6M

Expenses

Grants paid$18.8M
Salaries & benefits$20.2M
Fundraising$482K
Other expenses$34.0M
Total expenses$73.0M
Total assets$779.5M
Net assets$197.5M

People

27 listed

NameRoleCompensation

Joe Neri

CEO

Board

$377K

40 hrs/wk

Kirby Burkholder

President, Core Business Solutions

Board

$337K

39 hrs/wk

Tara Townsend

President, Social Impact Accelerator

Board

$261K

40 hrs/wk

Rodrigo Vela

CFO & Assistant Secretary

Board

$160K

40 hrs/wk

Lloyd Shields Acting CFO

Assistant Secretary (until 9/10/24)

Board

$88K

40 hrs/wk

Suza Leao-Reuter

CFO & Assistant Secy. (until 3/1/24)

Board

$51K

39 hrs/wk

Rodney Jones-Tyson

Board Member (until 12/31/24)

Board

1 hrs/wk

Jason Mercer

Board Member

Board

1 hrs/wk

Emmet Pierson

Board Member

Board

1 hrs/wk

Angela Reyes

Board Member

Board

1 hrs/wk

Greg Robinson

Board Member

Board

1 hrs/wk

Aaron Seybert

Board Member

Board

1 hrs/wk

Evelyn Diaz

Board Member (until 12/31/24)

Board

1 hrs/wk

Hamilton Chang

Board Member

Board

1 hrs/wk

George Burciaga

Board Member

Board

1 hrs/wk

John Sassaris

Treasurer/Secretary

Board

1 hrs/wk

Monique Jones

Vice Chair

Board

1 hrs/wk

Sakura Takano

Board Chair

Board

1 hrs/wk

Sidney Dillard

Board Member (until 12/31/24)

Board

1 hrs/wk

Cheryl Wilson

Board Chair (until 12/31/24)

Board

1 hrs/wk

James Due

Board Member

Board

1 hrs/wk

Derrick Johnson

Board Member

Board

1 hrs/wk

Jose Cerda III

Chief of Staff

Staff

$241K

40 hrs/wk

Dana Lieberman

SVP Cap. Sol., Chief Lending Officer

Staff

$233K

40 hrs/wk

Victoria Lakes-Battle

Exec. Director - Chicago Region

Staff

$220K

40 hrs/wk

Michael Goldberg

SVP Real Estate Solutions

Staff

$206K

40 hrs/wk

Terrence Young

Chief Credit Officer & SVP Cap. Sol.

Staff

$203K

40 hrs/wk

Independent contractors

Design Impact

Strategic Plan Consultants - Culture

$243K

Baso LTD

Owners Rep/Project Consulting

$229K

BDO FMA LLC

Financial Consulting

$223K

Bold Ventures LLC

Strategic Plan Consultants - Program Man

$209K

Wipfli LLP

IT/Software Consulting

$203K

Grants received

Showing 38 of 38

FromAmountPurposeYear
$4.8M
General grants to organizations
2024
$100K
OPERATING GRANT
2024
$63K
RELIGIOUS RELATED/SPIRITUAL DEVELOPMENT
2024
$55K
PARTNER SUSTAINABILITY GENERAL
2024
$40K
IFF CHICAGO CAPITAL PROJECT, 2024
2024
$727K
General grants to organizations
2023
$500K
DIRECT GRANTS TO SMALL BUSINESSES
2023
$100K
URBAN AFFAIRS
2023
$42K
CAPACITY BUILDING
2023
$25K
Mayors Grant Disbursement
2023
$500K
DIRECT GRANTS TO SMALL BUSINESSES
2022
$200K
COMMUNITY IMPACT
2022
$100K
FINANCE JUSTICE FUND SUBGRANT
2022
$75K
Leveraging SNI Project Subsidy, RES Coaching and L
2022
$50K
CAPACITY BUILDING
2022
$13K
HOPE STARTS HERE
2022
$10K
GENERAL SUPPORT
2022
$5K
Community Development
2022
$320K
IFF Equitable Community Development Corporation (ECDC) - to support efforts to create commercial and residential development projects in underserved communities in Chicago. For support of the Advancing ETOD Pilot project - Homan-Harrison Mixed Use Development project; community ownership category.
2021
$320K
IFF Equitable Community Development Corporation (ECDC) - to support efforts to create commercial and residential development projects in underserved communities in Chicago. For support of the Advancing ETOD Pilot project - Homan-Harrison Mixed Use Development project; community ownership category.
2021
$18K
GENERAL SUPPORT
2021
$15K
TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION
2021
$7K
HOPE STARTS HERE
2021
$15.0M
For grant recipient's exempt purposes
2020
$8M
PUBLIC, SOCIETAL BENEFIT
2020
$2M
HEALTHY BEHAVIORS
2020
$1.2M
TO SUPPORT AMERICA'S CULTURAL TREASURES, REAL ESTATE SERVICES, TECHNICAL ASSISTANCE, AND HOMAN SQUARE RECAPITALIZATION PROJECT
2020
$100K
EXPANDING HIGH-QUALITY, REPLICABLE, EARLY CHILDHOOD EDUCATION CENTER OPTIONS IN GRAND RAPIDS
2020
$35K
CAPACITY BUILDING
2020
$5K
PUBLIC AND SOCIETAL BENEFIT PROGRAM SUPPORT
2020
$35K
CAPACITY BUILDING
2019
$273K
GENERAL OPERATING SUPPORT
2018
$15K
CAPACITY BUILDING
2018
$166K
GENERAL OPERATING SUPPORT
2017
$113K
COMMUNITY ENGAGEMENT RFP REVIEW STIPEND
2017

Funded by

$35.5M from 25 funders · 38 grants · 2017–2024

National Philanthropic Trust

$8M · 1 grant · 2020

United Power for Action and Justice Inc

$5.5M · 2 grants · 2023–2024

The Chicago Community Trust

$2.2M · 5 grants · 2017–2021

Kansas Health Foundation

$2M · 1 grant · 2020

National Urban League Inc

$1M · 2 grants · 2022–2023

Low Income Investment Fund

$300K · 1 grant · 2021

Enterprise Community Partners Inc

$232K · 6 grants · 2018–2024

Details

EIN363656836
NTEE codeS500
Subsection03
Ruling date1990-06
Formed1988
Employees182
Volunteers51
IFF — Mission, Financials & Grants Received | Grantivo