Iff
95% goes to programs $1 to raise $100 Strong reserves Growing revenue
Iff is a 501(c)(3) organization based in Chicago, Illinois, registered in 1990, with $134,604,883 in FY2024 revenue. CharityIndex grades it A+, and it directs about 95% of spending to programs.
333 S Wabash Ave Ste 2800, Chicago, IL, 60604 EIN 36-3656836 Since 1990
Revenue (FY2024)
$134.6M
▲ 30.9% vs prior year
Community median: $184K
Expenses (FY2024)
$73.0M
Net assets
$197.5M
Employees
182
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A+
A+Program efficiency40% of the rating95% to programs · $1 to raise $100
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. For Iff: 95% to programs · $1 to raise $100 earns a A+ on this criterion. See the exact thresholds →
AFinancial health25% of the rating32 mo reserves · +46% 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 Iff: 32 mo reserves · +46% margin earns a A on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
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. For Iff: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
A+Transparency10% of the rating5 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 Iff: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
Show this grade on your website
A live seal — it updates automatically when the grade changes and links donors to this verified profile.
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.
What they do
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.
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.
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.
Contact & location
- Address
- 333 S Wabash Ave Ste 2800, Chicago, IL, 60604
- City
- Chicago
- State
- Illinois
- Subcategory
- Nonprofit Management Support
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $29.0M (FY2013) to $134.6M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $582.0MNet assets $197.5M
Operating margin
45.8%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$779.5M
Total liabilities
$582.0M
Net assets
$197.5M
Salaries & benefits
$20.2M
28% of expenses
Board members
17
16 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $134,604,883▲30.9% | $73,001,008▼24.3% | $197,523,634▲33.1% | $779,493,171▲13.1% | 990 |
| 2023 | $102,836,770▲60.2% | $96,465,275▲60.2% | $148,372,197▲2.1% | $689,365,712▲21.2% | 990 |
| 2022 | $64,193,835▼21.5% | $60,208,929▼1.2% | $145,319,594▲0.8% | $568,632,430▼0.4% | 990 |
| 2021 | $81,768,477▲22.2% | $60,965,605▲24.9% | $144,237,779▲17.3% | $571,089,169▲10.7% | 990 |
| 2020 | $66,930,783▲56.6% | $48,794,353▲21.9% | $123,008,098▲17.3% | $515,692,324▲4.7% | 990 |
| 2019 | $42,753,567▼1.6% | $40,041,254▲9.0% | $104,871,668▲2.7% | $492,576,736▲6.3% | 990 |
| 2018 | $43,463,005▼6.7% | $36,721,552▲5.4% | $102,159,185▲7.1% | $463,520,249▲4.8% | 990 |
| 2017 | $46,583,272▲54.9% | $34,834,075▲21.3% | $95,417,531▲15.4% | $442,323,431▲10.6% | 990 |
| 2016 | $30,072,912▲3.0% | $28,723,488▲17.1% | $82,674,780▼0.1% | $399,899,450▲21.4% | 990 |
| 2015 | $29,195,957▲14.3% | $24,519,085▲5.6% | $82,785,290▲5.7% | $329,340,059▲19.4% | 990 |
| 2014 | $25,545,793▼11.9% | $23,211,842▲20.3% | $78,341,527▼0.4% | $275,839,688▲6.1% | 990 |
| 2013 | $29,001,094 | $19,298,661▼3.3% | $78,671,320▲11.5% | $260,057,927▲11.0% | 990 |
| 2012 | — | $19,947,638▲54.7% | $70,574,261▲25.1% | $234,334,903▲6.5% | 990 |
| 2011 | — | $12,894,077▲16.1% | $56,402,061▲28.5% | $219,978,482▲16.9% | 990 |
| 2010 | — | $11,108,130 | $43,909,518 | $188,224,311 | 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.
Leadership & compensation (FY2024)
Highest-paid: Joe Neri — $377,300 (0.52% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Joe Neri | Ceo | 40 | $377,300 |
| Kirby Burkholder | President, Core Business Solutions | 39 | $337,234 |
| Tara Townsend | President, Social Impact Accelerator | 40 | $260,904 |
| Jose Cerda III | Chief of Staff | 40 | $240,613 |
| Dana Lieberman | Svp Cap. Sol., Chief Lending Officer | 40 | $233,284 |
| Victoria Lakes-battle | Exec. Director - Chicago Region | 40 | $220,111 |
| Michael Goldberg | Svp Real Estate Solutions | 40 | $205,676 |
| Terrence Young | Chief Credit Officer & Svp Cap. Sol. | 40 | $203,107 |
| Rodrigo Vela | Cfo & Assistant Secretary | 40 | $160,253 |
| Lloyd Shields Acting Cfo | Assistant Secretary (until 9/10/24) | 40 | $88,025 |
| Suza Leao-reuter | Cfo & Assistant Secy. (until 3/1/24) | 39 | $50,622 |
| Aaron Seybert | Board Member | 1 | — |
| Angela Reyes | Board Member | 1 | — |
| Cheryl Wilson | Board Chair (until 12/31/24) | 1 | — |
| Derrick Johnson | Board Member | 1 | — |
| Emmet Pierson | Board Member | 1 | — |
| Evelyn Diaz | Board Member (until 12/31/24) | 1 | — |
| George Burciaga | Board Member | 1 | — |
| Greg Robinson | Board Member | 1 | — |
| Hamilton Chang | Board Member | 1 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Design Impact | Strategic Plan Consultants - Culture | $243,490 |
| Baso Ltd | Owners Rep/project Consulting | $229,023 |
| Bdo Fma LLC | Financial Consulting | $223,000 |
| Bold Ventures LLC | Strategic Plan Consultants - Program Man | $209,250 |
| Wipfli LLP | It/software Consulting | $202,702 |
Grants received · $33.2M total
46 grants to Iff totaling $33.2M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Opportunity Finance Network | Operating grant | 2024 | $100,000 |
| Kalamazoo Community Foundation | Religious related/spiritual development | 2024 | $62,600 |
| Enterprise Community Partners Inc | Partner sustainability general | 2024 | $55,000 |
| Greater Milwaukee Foundation Inc | Iff chicago capital project, 2024 | 2024 | $40,000 |
| National Urban League Inc | Direct grants to small businesses | 2023 | $500,000 |
| Columbus Foundation | Urban affairs | 2023 | $100,000 |
| Enterprise Community Partners Inc | Capacity building | 2023 | $41,500 |
| Iff | Cost for acquiring equipment and/or facilities rehab cost as part of the grant | 2023 | $7,934 |
| National Urban League Inc | Direct grants to small businesses | 2022 | $500,000 |
| Opportunity Finance Network | Finance justice fund subgrant | 2022 | $100,000 |
| Central Indiana Community Foundation Inc | Leveraging sni project subsidy, res coaching and l | 2022 | $75,000 |
| Enterprise Community Partners Inc | Capacity building | 2022 | $50,000 |
| Third Sector New England Inc | Hope starts here | 2022 | $12,943 |
| The Blackbaud Giving Fund | General support | 2022 | $10,000 |
| Greater Milwaukee Foundation Inc | Ece facility improvement grants | 2021 | $1,081,750 |
Grants made · $17.0M in FY2024
270 grants totaling $17.0M in FY2024 — showing the 15 largest. All grants made by Iff →
| Recipient | Purpose | Amount |
|---|---|---|
| Wolverine Building Group | Cost for acquiring equipment and/or facilities rehab cost as part of the grant | $235,638 |
| Clubhouse Childcares LLC | Cost for acquiring equipment and/or facilities rehab cost as part of the grant | $180,801 |
| Fit Investment Group | Cost for acquiring equipment and/or facilities rehab cost as part of the grant | $166,362 |
| Creative Hearts Childcare LLC | Cost for acquiring equipment and/or facilities rehab cost as part of the grant | $150,934 |
| Kinderstar Academy of Dungytreei LLC | Cost for acquiring equipment and/or facilities rehab cost as part of the grant | $150,000 |
| Countryside Montessori School LLC | Cost for acquiring equipment and/or facilities rehab cost as part of the grant | $150,000 |
| Brilliant Criancas LLC | Cost for acquiring equipment and/or facilities rehab cost as part of the grant | $150,000 |
| Growing Minds Learning Center | Cost for acquiring equipment and/or facilities rehab cost as part of the grant | $150,000 |
| Board of Regents of Eastern Michigan University | Cost for acquiring equipment and/or facilities rehab cost as part of the grant | $150,000 |
| Ixl New Hudson LLC | Cost for acquiring equipment and/or facilities rehab cost as part of the grant | $150,000 |
| Culture Childcare Center LLC | Cost for acquiring equipment and/or facilities rehab cost as part of the grant | $150,000 |
| Fountain of Truth Missionary | Cost for acquiring equipment and/or facilities rehab cost as part of the grant | $150,000 |
| Ready Set Grow Child Development Center of Auburn Inc | Cost for acquiring equipment and/or facilities rehab cost as part of the grant | $150,000 |
| Little Blessings Learning House LLC | Cost for acquiring equipment and/or facilities rehab cost as part of the grant | $150,000 |
| One Love 350 LLC | Cost for acquiring equipment and/or facilities rehab cost as part of the grant | $150,000 |
Similar organizations in Community
Community
International Code Council Inc
Cntry Clb Hls, IL
$109.9M
Aannual revenue
Community
National Association For the Exchange of Industrial Resources I
Galesburg, IL
$103.6M
Aannual revenue
Community
Community and Economic Development Association of Cook County Inc
Chicago, IL
$168.1M
B+annual revenue
- Community
Development Now For Chicago
Chicago, IL
$81.5M
Bannual revenue
Community
American Property Casualty Insurance Association
Chicago, IL
$77.8M
Aannual revenue
Community
Healthcare Information and Management Systems Society
Chicago, IL
$74.5M
C+annual revenue
Community
Society of Actuaries Professional Association
Chicago, IL
$68.3M
Aannual revenue
Community
Metropolitan Mayors Caucus
Chicago, IL
$35.6M
Cannual revenue
Community
Chinese American Service League Inc
Chicago, IL
$27.5M
Bannual revenue
- Community
Tr Evergreen Park Corp
Chicago, IL
$27.3M
Dannual revenue
Compare Iff
Frequently asked questions
- Is Iff a legitimate nonprofit?
- Yes. Iff is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 36-3656836, based in Chicago, Illinois. Donations are tax-deductible.
- What is Iff's EIN?
- Iff's Employer Identification Number (EIN) is 36-3656836.
- How much revenue does Iff report?
- Iff reported $134,604,883 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Iff's spending goes to programs?
- Iff spends about 95% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Iff have?
- CharityIndex grades Iff A+, based on program efficiency and fundraising cost.
- How much does Iff's highest-paid employee make?
- The highest reported compensation on Iff's latest Form 990 is $377,300, paid to Joe Neri (Ceo).
More nonprofits in Chicago
Explore more
Data for Iff (EIN 36-3656836) 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.