Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Aug 2010.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
78 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
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Who runs it and what they're paid
6 people listed on the 990.
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Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2No
- Top official's pay set by an independent reviewPt VI · Ln 15aNo
Programs and updates
Provides loans and credit to low- and moderate-income individuals, families, and businesses, while offering pandemic recovery grants to hard-hit Illinois hospitality and arts enterprises.
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Your first name shows with your question. Ncrc Community Development Fund INC answers here, for everyone.
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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.
The small business program provides funding to small businesses including minority-owned, women-owned and low-income businesses.
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.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2024 990, line by line.
Download 990
| Line | Start FY24 | End FY24 |
|---|---|---|
| Cash and savingsLn 1–2 | $11.9M | $8.2M |
| Total assetsLn 16 | $67.3M | $55.6M |
| LiabilitiesLn 26 | $45.0M | $38.7M |
| Net assetsLn 32 | $22.3M | $16.9M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Legal feesLn 11b | $2K | $2K | ||
| Accounting feesLn 11c | $110K | $110K | ||
| Other fees for servicesLn 11g | $2.0M | $643K | $1.4M | |
| Advertising and promotionLn 12 | $7K | $6K | $1K | |
| Office expensesLn 13 | $15K | $2K | $14K | |
| Information technologyLn 14 | $78K | $45K | $33K | |
| OccupancyLn 16 | $25K | $3K | $22K | |
| TravelLn 17 | $108K | $108K | ||
| Conferences, conventions and meetingsLn 19 | $14K | $2K | $12K | |
| InterestLn 20 | $1.3M | $1.3M | ||
| InsuranceLn 23 | $2K | $202 | $2K | |
| Other expenses (24a–d)Ln 24 | $4.0M | $4.0M | $18K | |
| All other expensesLn 24e | $11K | $1K | $10K | |
| Total functional expensesLn 25 | $7.7M | $6.0M | $1.7M | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Latest Viewing | $2.3M | $7.7M | −$5.4M | $16.9M | 990 PDF |
| FY2023 | $164.7M | $164.1M | $593K | $22.3M | 990 PDF |
| FY2022 | $1.4M | $3.0M | −$1.5M | $24.1M | 990 PDF |
| FY2021 | $6.9M | $3.9M | $2.9M | $25.6M | 990 PDF |
| FY2020 | $15.2M | $791K | $14.4M | $22.7M | 990 PDF |
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Schedules filed Part IV
See the full FY2024 990 (6 parts)
Part I · Summary $2,252,467 revenue, 12 lines filed
Part VI · Governance 5 of 5 board members independent, 1 to look at
Part VIII · Statement of revenue $2,252,467 across 7 lines filed
Part IX · Statement of functional expenses $7,655,011 across 13 lines filed
Part X · Balance sheet $55,569,537 assets, 12 lines filed
Part XI · Reconciliation of net assets $16,882,596 net assets at year end
Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File
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