NonprofitsNew Hampshire Community Loan Fund

New Hampshire Community Loan Fund

CONCORD, NH

Total revenue

$75.1M

Total expenses

$57.9M

Net assets

$73.8M

Grants received

$18.9M

94 grants

EIN

222524015

Tax year

2024

Mission

Our mission is to provide people and communities, in new hampshire and beyond, with the financial, human, and civic resources they need to be economically secure. We do this by providing loans, capital, and coaching to borrowers across three broad sectors: affordable housing, business finance, and community services; complementing and extending the reach of conventional lenders and public institutions; and bringing people and institutions together to solve problems. Established in 1983, the community loan fund was one of the first community development financial institutions in the nation and is recognized as a national leader for its innovation, social impact, financial strength, and performance. The community loan fund was the2009 recipient of the next award for opportunity finance, the highest honor in our field.

Programs

4 programs

Capitalization and philanthropy - see schedule o

Expenses: $6.7M

Business finance - see schedule o

Expenses: $44.5MGrants: $41.8M

1. Since 1984, our community services financing has supported essential services, including center- and home-based early childhood education, by helping nonprofit organizations buy, renovate, or build facilities. The community loan fund has made 143 community services loans totaling over $38.3 million. In fy2025, the community loan fund made 7 community services loans for $1,491,000.2. Since 2023, usda is partnering with the community loan fund to make available $186,705,000 in grants through two nation-wide programs: the local meat capacity grant program and the meat and poultry processing expansion program. The programs aim to promote fairer, more competitive and more resilient meat and poultry supply chains. The community loan fund will help usda administer the pass-through grants over six years (2024-2029). These regranting activities are managed under the community loan fund's sustainable food systems program (sfsp). In fy2025, the community loan fund disbursed $41,706,985 in pass through grants.

Expenses: $125K

Other programs

Financials

FY 2024

Revenue

Contributions & grants$57.8M
Program service revenue$17.5M
Investment income$1.1M
Other revenue
Total revenue$75.1M

Expenses

Grants paid$41.8M
Salaries & benefits$7.7M
Fundraising$476K
Other expenses$8.5M
Total expenses$57.9M
Total assets$237.4M
Net assets$73.8M

People

25 listed

NameRoleCompensation

STEVE SALTZMAN

PRESIDENT & CEO

Board

$256K

40 hrs/wk

BONNIE SCADOVA

CHIEF FINANCIAL OFFICER

Board

$204K

40 hrs/wk

SID PRABHAKAR

MEMBER

Board

1 hrs/wk

ALI SEKOU

MEMBER

Board

1 hrs/wk

DON BRUEGGEMANN

MEMBER

Board

1 hrs/wk

MARK FICKLE

MEMBER

Board

1 hrs/wk

JOSEPH GERAKOS

MEMBER

Board

1 hrs/wk

PAMELA ROTHGABER

MEMBER

Board

1 hrs/wk

VICTORIA STAUNCHES

MEMBER

Board

1 hrs/wk

LIONEL LOVELESS

MEMBER

Board

1 hrs/wk

RUDY GLOCKER

MEMBER

Board

1 hrs/wk

MAYTE RIVERA

MEMBER (3/25 - 8/25)

Board

1 hrs/wk

MICHAEL SWACK

EMERITUS

Board

1 hrs/wk

LIZ LAROSE

VICE SECRETARY

Board

1 hrs/wk

JIM KEROUAC

SECRETARY

Board

1 hrs/wk

ANDRE GARRON

VICE TREAS./TREASURER (AS OF 12/24)

Board

1 hrs/wk

KATHLEEN REARDON

TREASURER (UNTIL 12/24)

Board

1 hrs/wk

COLBY MEEHAN

VICE CHAIR

Board

1 hrs/wk

JAMIE RICHARDSON

BOARD CHAIR

Board

1 hrs/wk

SARAH MARCHANT

COO & VP OF ROC-NH

Staff

$182K

40 hrs/wk

LUCAS KNOWLES

DIR. SUSTAINABLE FOOD SYSTEMS PROGRAM

Staff

$170K

40 hrs/wk

COREY SANBORN-POTTER

EXECUTIVE VP OF LENDING AND CREDIT

Staff

$155K

40 hrs/wk

KATHARINE COTE

VP OF EXTERNAL RELATIONS

Staff

$129K

40 hrs/wk

KATHLEEN PARADIS

VP OF RESIDENTIAL LENDING & COMPLIANCE

Staff

$118K

40 hrs/wk

KALEIGH BULLOCK

VP OF ORGANIZATIONAL STRATEGY & COMM.

Staff

$112K

40 hrs/wk

Independent contractors

DESIGN BY COSMIC INC

REBRANDING AND WEBSITE DESIGN WORK

$288K

BLUE SPRUCE TECHNOLOGY INC

TECHNICAL CONSULTING

$167K

COLUMINATE

CONSULTING FOR ROC-NH

$111K

Grants received

Showing 94 of 94

FromAmountPurposeYear
$14M
COMMUNITY & HUMAN SERVICES
2024
$91K
For a designated distributions, general/operating support, programs
2024
$30K
GENERAL SUPPORT
2024
$9K
CAPACITY BUILDING GRANT
2024
$6K
CONSERVATION OF NATURAL RESOURCES;SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
2024
$1K
GENERAL SUPPORT
2024
$450K
General support, loan fund, farm-to-food,
2023
$253K
For grant recipient's exempt purposes
2023
$25K
MINORITY OWNED BUSINESS LENDING PROGRAM
2023
$25K
PROGRAM/OPERATING SUPPORT
2023
$20K
GENERAL PURPOSE
2023
$13K
CAPACITY BUILDING GRANT
2023
$10K
CHARITABLE CONTRIBUTION
2023
$5K
ECONOMIC DEVELOPMENT
2023
$2K
CHARITABLE CONTRIBUTION
2023
$1K
GENERAL SUPPORT
2023
$300K
PROGRAM DEVELOPMENT/EVALUATION
2022
$296K
For general support, removal of abandoned homes, desi dist, advocacy
2022
$202K
For grant recipient's exempt purposes
2022
$150K
FINANCE JUSTICE FUND SUBGRANT
2022
$100K
2022 RENEWABLE ENERGY EFFICIENT GRANT
2022
$41K
GENERAL SUPPORT
2022
$40K
PROGRAM/OPERATING SUPPORT
2022
$40K
GENERAL PURPOSE
2022
$25K
MINORITY OWNED BUSINESS LENDING PROGRAM
2022
$25K
To facilitate the resilience and growth of businesses owned by people of color that contribute to the vitality and health of New Hampshire by establishing a platform from which minority-owned businesses can access capital and technical assistance.
2022
$20K
HELP LAUNCH COMMUNITY DRIVEN ECONOMIC EMPOWERMENT PROGRAM FOR MINORITY OWNED BUSINESSES.
2022
$10K
SUPPORT BUSINESS OF CHILD CARE SUPPORT PROGRAM
2022
$8K
CHARITABLE CONTRIBUTION
2022
$5K
ECONOMIC DEVELOPMENT
2022
$5K
EXEMPT PURPOSE
2022
$1K
GENERAL OPERATING SUPPORT
2022
$1K
GENERAL SUPPORT
2022
$500
EXEMPT PURPOSE
2022
$109K
For grant recipient's exempt purposes
2021
$109K
For grant recipient's exempt purposes
2021
$50K
GENERAL PURPOSE
2021
$50K
PURCHASE THANKSGIVING TURKEYS
2021
$30K
Operating Support/Annual Fund
2021
$25K
To facilitate the resilience and growth of businesses owned by people of color that contribute to the vitality and health of New Hampshire by establishing a platform from which minority-owned businesses can access capital and technical assistance.
2021
$25K
MINORITY OWNED BUSINESS LENDING PROGRAM
2021
$10K
CHARITABLE CONTRIBUTION
2021
$6K
COMMUNITY BUILDING
2021
$3K
ECONOMIC DEVELOPMENT
2021
$2K
SUPPORT AFFORDABLE HOUSING WORK
2021
$1K
GENERAL OPERATING SUPPORT
2021
$271K
for general support, Julianna Eades fund, Woodbury Coop, capital, farm to food initiative
2020
$250K
PROJECT SUPPORT - CAPITAL CAMPAIGN
2020
$51K
For grant recipient's exempt purposes
2020
$50K
ENERGY EFFICIENCY GRANT
2020
$50K
To sustain general operations and ensure nonprofit capacity building focused on improving the health of vulnerable residents of NH by addressing housing needs as a critical determinate of health.
2020
$50K
GENERAL PURPOSE
2020
$35K
TO WORK TOWARD SUSTAINABILITY AND SYSTEMS CHANGE FOR NEW HAMPSHIRE FARMERS AND FOOD PRODUCERS THROUGH FINANCIAL LITERACY TRAINING, EXPANDING MARKET CHANNELS, AND CONNECTING FARMS WITH AGRICULTURAL FINANCIERS.
2020
$30K
BORROWER STABILIZATION FUND
2020
$25K
To facilitate the resilience and growth of businesses owned by people of color that contribute to the vitality and health of New Hampshire by establishing a platform from which minority-owned businesses can access capital and technical assistance.
2020
$25K
NEW AFFORDABLE HOMES
2020
$10K
CHARITABLE CONTRIBUTION
2020
$7K
PUBLIC, SOCIETAL BENEFIT
2020
$5K
ECONOMIC DEVELOPMENT
2020
$3K
UNRESTRICTED CHARITABLE PURPOSES
2020
$2K
FOR AFFORDABLE HOUSING
2020
$1K
GENERAL OPERATING SUPPORT
2020
$1K
General Operating Support
2020
$250
EXEMPT PURPOSE
2020
$400K
GRANT MATCH FOR BIG DEAL
2019
$159K
For grant recipient's exempt purposes
2019
$100K
PROJECT SUPPORT - CAPITAL CAMPAIGN
2019
$100K
GRANT - KICK OFF BIG DEAL
2019
$50K
To sustain general operations and ensure nonprofit capacity building focused on improving the health of vulnerable residents of NH by addressing housing needs as a critical determinate of health.
2019
$50K
BORROWER STABILIZATION FUND--SMALL BUSINESS
2019
$25K
NEW AFFORDABLE HOUSING IN RESIDENT OWNED COMMUNITIES
2019
$25K
To ensure small businesses and employees negatively impacted by COVID-19 have the resources to pay mortgages, rent and other immediate costs.
2019
$2K
ECONOMIC DEVELOPMENT
2019
$161K
For grant recipient's exempt purposes
2018
$23K
Unrestricted
2018
$10K
VETERANS FIRST
2018
$5K
PROGRAM/OPERATING SUPPORT
2018
$3K
UNRESTRICTED
2018
$1K
GENERAL OPERATING SUPPORT
2018
$50K
GENERAL OPERATING
2017

Funded by

$18.9M from 37 funders · 94 grants · 2017–2024

Gs Donor Advised Philanthropy Fund

$14M · 1 grant · 2024

New Hampshire Charitable Foundation

$1.1M · 4 grants · 2020–2024

Fidelity Investments Charitable Gift Fund

$1.0M · 7 grants · 2018–2023

The Sandy River Charitable Foundation

$900K · 5 grants · 2017–2020

Opportunity Finance Network

$300K · 3 grants · 2020–2022

Fidelity Foundation

$300K · 1 grant · 2022

The Bank of America Charitable Foundation Inc

$210K · 5 grants · 2018–2023

Endowment For Health Inc

$200K · 6 grants · 2019–2022

Details

EIN222524015
Subsection03
Ruling date1984-05
Formed1983
Employees87
Volunteers17
NEW HAMPSHIRE COMMUNITY LOAN FUND — Mission, Financials & Grants Received | Grantivo