Chicago Community Loan Fund
Only null% goes to programs Strong reserves Growing revenue
Chicago Community Loan Fund is a 501(c)(3) organization based in Chicago, Illinois, registered in 1991, with $15,665,409 in FY2023 revenue. CharityIndex grades it B.
29 E Madison St Ste 1700, Chicago, IL, 60602 EIN 36-3762123 Since 1991
Revenue (FY2023)
$15.7M
▲ 7.6% vs prior year
Community median: $184K
Expenses (FY2023)
$10.2M
Net assets
$52.6M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Chicago Community Loan Fund— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
B+Financial health25% of the rating62 mo reserves · +35% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Chicago Community Loan Fund: 62 mo reserves · +35% margin earns a B+ on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Chicago Community Loan Fund— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
CTransparency10% of the rating2 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Chicago Community Loan Fund: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Contact & location
- Address
- 29 E Madison St Ste 1700, Chicago, IL, 60602
- City
- Chicago
- State
- Illinois
- Subcategory
- Community & Neighborhood Development
- Website
- …
Financial trends
Revenue grew from $3.5M (FY2013) to $15.7M (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $127.4MNet assets $52.6M
Operating margin
34.7%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$180.0M
Total liabilities
$127.4M
Net assets
$52.6M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $15,665,409▲7.6% | $10,227,527▲21.0% | $52,555,446▲12.5% | $179,995,748▲13.3% | 990 |
| 2022 | $14,555,763▼14.1% | $8,452,164▲14.3% | $46,702,667▲11.6% | $158,934,389▲16.2% | 990 |
| 2021 | $16,943,178▲50.6% | $7,392,965▼20.0% | $41,854,745▲28.3% | $136,728,558▲12.7% | 990 |
| 2020 | $11,250,770▲27.1% | $9,240,747▲25.7% | $32,610,283▲7.1% | $121,298,855▲15.8% | 990 |
| 2019 | $8,854,883▲12.1% | $7,353,607▲20.6% | $30,450,503▲6.5% | $104,766,376▲14.9% | 990 |
| 2018 | $7,898,860▼20.4% | $6,095,633▲30.8% | $28,594,616▲6.8% | $91,142,723▲13.9% | 990 |
| 2017 | $9,924,849▲41.0% | $4,660,528▼7.4% | $26,782,014▲24.2% | $79,990,559▲11.4% | 990 |
| 2016 | $7,040,968▲18.0% | $5,035,175▲18.9% | $21,559,698▲8.6% | $71,778,417▲10.9% | 990 |
| 2015 | $5,966,659▼25.5% | $4,235,279▼0.6% | $19,843,373▲8.7% | $64,700,820▲7.6% | 990 |
| 2014 | $8,013,494▲129% | $4,259,812▲51.9% | $18,256,393▲29.0% | $60,145,351▲35.0% | 990 |
| 2013 | $3,491,976 | $2,804,761▲6.5% | $14,155,290▲0.1% | $44,538,512▲27.0% | 990 |
| 2012 | — | $2,633,766▼10.5% | $14,148,113▲16.1% | $35,059,449▲10.4% | 990 |
| 2011 | — | $2,942,030▲2.7% | $12,184,712▲46.6% | $31,767,637▲14.6% | 990 |
| 2010 | — | $2,864,914 | $8,309,093 | $27,723,138 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Grants received · $18.4M total
23 grants to Chicago Community Loan Fund totaling $18.4M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Charities Aid Foundation America | Charitable donation | 2024 | $15,000 |
| The Chicago Community Trust | General support for programs, operations and other charitable purposes | 2023 | $695,683 |
| The Chicago Community Trust | 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 | $925,000 |
| Robert R Mccormick Foundation | For chicagoland opportunity zones consortium initiative | 2022 | $100,000 |
| Opportunity Finance Network | 2022 renewable energy efficient grant | 2022 | $100,000 |
| National Philanthropic Tr | Human services | 2021 | $5,001,000 |
| The Chicago Community Trust | 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 | $1,751,000 |
| The Chicago Community Trust | 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 | $1,751,000 |
| Opportunity Finance Network | Finance justice fund subgrant | 2021 | $200,000 |
| Robert R Mccormick Foundation | Chicagoland opportunity zones consortium | 2021 | $25,000 |
| Donor Advised Charitable Giving | Public, societal benefit | 2021 | $8,000 |
| National Philanthropic Tr | Human services | 2020 | $5,000,000 |
| The Chicago Community Trust | To support technology, staff, other strategies for increasing capacity to track data and deliver innovative products, epic fund, and chicagoland opportunity zones consortium | 2020 | $875,000 |
| Robert R Mccormick Foundation | For chicagoland opportunity zones consortium | 2020 | $75,000 |
| Opportunity Finance Network | Energy efficiency grant | 2020 | $50,000 |
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Frequently asked questions
- Is Chicago Community Loan Fund a legitimate nonprofit?
- Yes. Chicago Community Loan Fund is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 36-3762123, based in Chicago, Illinois. Donations are tax-deductible.
- What is Chicago Community Loan Fund's EIN?
- Chicago Community Loan Fund's Employer Identification Number (EIN) is 36-3762123.
- How much revenue does Chicago Community Loan Fund report?
- Chicago Community Loan Fund reported $15,665,409 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- What financial grade does Chicago Community Loan Fund have?
- CharityIndex grades Chicago Community Loan Fund B, based on financial health (reserves and operating margin).
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Data for Chicago Community Loan Fund (EIN 36-3762123) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.