NonprofitsNcrc Community Development Fund Inc

Community Improvement & Capacity Building

Ncrc Community Development Fund Inc

WASHINGTON, DC

Total revenue

$2.3M

Total expenses

$7.7M

Net assets

$16.9M

Grants received

$110K

2 grants

EIN

261269202

Tax year

2024

Mission

Ncrc cdf provides access to capital that supports entrepreneurship and affordable homeownership in america's underserved communities.

Programs

2 programs

The small business program provides funding to small businesses including minority-owned, women-owned and low-income businesses.

Expenses: $2.6M

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.

Expenses: $54K

Financials

FY 2024

Revenue

Contributions & grants$733K
Program service revenue$1.8M
Investment income
Other revenue$17K
Total revenue$2.3M

Expenses

Grants paid
Salaries & benefits
Fundraising
Other expenses$7.7M
Total expenses$7.7M
Total assets$55.6M
Net assets$16.9M

People

6 listed

NameRoleCompensation

JESSE VAN TOL

BOARD CHAIR

Board

4 hrs/wk

IRVIN HENDERSON

TREASURER

Board

2 hrs/wk

ROBERT DICKERSON JR

SECRETARY

Board

2 hrs/wk

CHARLES HARRIS

DIRECTOR

Board

2 hrs/wk

DONNA GAMBRELL

DIRECTOR

Board

2 hrs/wk

SIMON MCNEIL

EXECUTIVE DIRECTOR

Board

40 hrs/wk

Independent contractors

FALCON CAPITAL ADVISORS

INTERIM EXECUTIVE DIRECTOR

$184K

Grants received

Showing 2 of 2

FromAmountPurposeYear
$100K
GENERAL SUPPORT
2024
$10K
GENERAL OPERATING
2023

Funded by

$110K from 2 funders · 2 grants · 2023–2024

The Blackbaud Giving Fund

$100K · 1 grant · 2024

Truist Foundation Inc

$10K · 1 grant · 2023

Details

EIN261269202
NTEE codeS40
Subsection03
Ruling date2010-08
Formed2007
Employees0
Volunteers5
NCRC COMMUNITY DEVELOPMENT FUND INC — Mission, Financials & Grants Received | Grantivo