Ncrc Community Development Fund Inc
78% goes to programs $0 to raise $100 Strong reserves Declining revenue
Ncrc Community Development Fund Inc is a 501(c)(3) organization based in Washington, District of Columbia, registered in 2010, with $2,252,467 in FY2024 revenue. CharityIndex grades it C, and it directs about 78% of spending to programs.
740 15th Street Suite 400, Washington, DC, 20005 EIN 26-1269202 Since 2010
Revenue (FY2024)
$2.3M
▼ 98.6% vs prior year
Community median: $184K
Expenses (FY2024)
$7.7M
Net assets
$16.9M
Employees
0
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C
★★★★
Rated on 4 of 4 criteria.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →A+Program efficiency40% of the rating78% to programs · $0 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 Ncrc Community Development Fund Inc: 78% to programs · $0 to raise $100 earns a A+ on this criterion. See the exact thresholds →
FFinancial health25% of the rating26 mo reserves · -240% 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 Ncrc Community Development Fund Inc: 26 mo reserves · -240% margin earns a F 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 Ncrc Community Development Fund Inc: 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 Ncrc Community Development Fund Inc: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
Ncrc cdf provides access to capital that supports entrepreneurship and affordable homeownership in america's underserved communities.
What they do
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.
Contact & location
- Address
- 740 15th Street Suite 400, Washington, DC, 20005
- City
- Washington
- State
- District of Columbia
- Subcategory
- Business & Industry Associations
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $7,720 (FY2013) to $2.3M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $38.7MNet assets $16.9M
Operating margin
-239.9%
Spent more than it raised in the latest fiscal year.
Total assets
$55.6M
Total liabilities
$38.7M
Net assets
$16.9M
Salaries & benefits
$0
0% of expenses
Board members
5
5 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $2,252,467▼98.6% | $7,655,011▼95.3% | $16,882,596▼24.2% | $55,569,537▼17.4% | 990 |
| 2023 | $164,674,107▲11290% | $164,081,061▲5389% | $22,285,140▼7.5% | $67,297,534▲11.2% | 990 |
| 2022 | $1,445,810▼78.9% | $2,989,322▼24.1% | $24,087,094▼6.0% | $60,523,002▲2.1% | 990 |
| 2021 | $6,859,194▼55.0% | $3,938,148▲398% | $25,630,606▲12.9% | $59,265,863▲29.4% | 990 |
| 2020 | $15,226,406▲2667% | $790,512▲51.9% | $22,709,560▲174% | $45,804,965▲46.7% | 990 |
| 2019 | $550,285▲37.2% | $520,296▲24.3% | $8,273,666▲0.4% | $31,221,884▲67.5% | 990 |
| 2018 | $401,182▼92.6% | $418,619▲3.1% | $8,243,677▼0.2% | $18,635,827▼15.5% | 990 |
| 2017 | $5,384,999▲1220% | $406,214▲43.0% | $8,261,114▲152% | $22,048,601▲56.7% | 990 |
| 2016 | $408,006▼87.0% | $284,023▲46.7% | $3,282,329▲3.9% | $14,069,424▲50.7% | 990 |
| 2015 | $3,127,118▲2522% | $193,552▲71.3% | $3,158,390▲1305% | $9,333,226▲511% | 990 |
| 2014 | $119,250▲1445% | $112,992▲6674% | $224,824▲2.9% | $1,526,985▲570% | 990 |
| 2013 | $7,720 | $1,668▼74.1% | $218,566▲5.0% | $227,783▼6.3% | 990 |
| 2012 | — | $6,443▼96.1% | $208,116▲451% | $243,116▲313% | 990 |
| 2011 | — | $166,136 | -$59,305 | $58,819 | 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)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Charles Harris | Director | 2 | — |
| Donna Gambrell | Director | 2 | — |
| Irvin Henderson | Treasurer | 2 | — |
| Jesse Van Tol | Board Chair | 4 | — |
| Robert Dickerson Jr | Secretary | 2 | — |
| Simon Mcneil | Executive Director | 40 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Falcon Capital Advisors | Interim Executive Director | $183,600 |
Grants received · $100K total
1 grant to Ncrc Community Development Fund Inc totaling $100K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| The Blackbaud Giving Fund | General support | 2024 | $100,000 |
Grants made · $149.3M in FY2023
2,666 grants totaling $149.3M in FY2023 — showing the 15 largest. All grants made by Ncrc Community Development Fund Inc →
| Recipient | Purpose | Amount |
|---|---|---|
| Kato Kagaku Co Ltd DBA Hyatt Regency Chicago | Illinois coronavirus fiscal recovery funds | $1,769,933 |
| Thor Palmer House Hotel LLC DBA the Palmer House Hilton By and Through Hlt | Illinois coronavirus fiscal recovery funds | $1,429,360 |
| Chicago Lessee LLC | Illinois coronavirus fiscal recovery funds | $1,344,870 |
| Sch&t Corporation of Illinois | Illinois coronavirus fiscal recovery funds | $1,060,915 |
| Marriott Hotel Services LLC | Illinois coronavirus fiscal recovery funds | $1,045,236 |
| Q Center LLC | Illinois coronavirus fiscal recovery funds | $907,613 |
| Ihg Managment Maryland LLC | Illinois coronavirus fiscal recovery funds | $689,856 |
| 909 North Michigan Avenue Corporation | Illinois coronavirus fiscal recovery funds | $653,273 |
| Dtrs Columbus Drive LLC | Illinois coronavirus fiscal recovery funds | $598,398 |
| Breswiss LP | Illinois coronavirus fiscal recovery funds | $576,622 |
| Marriott Hotel Services LLC | Illinois coronavirus fiscal recovery funds | $531,328 |
| Renaissance Hotel Operating Co | Illinois coronavirus fiscal recovery funds | $487,777 |
| 140 E Walton Building LLC | Illinois coronavirus fiscal recovery funds | $466,001 |
| Cp Ipers Rosemont Hotel LLC | Illinois coronavirus fiscal recovery funds | $457,291 |
| Chsp Trs Lakeshore LLC | Illinois coronavirus fiscal recovery funds | $452,936 |
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Frequently asked questions
- Is Ncrc Community Development Fund Inc a legitimate nonprofit?
- Yes. Ncrc Community Development Fund Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 26-1269202, based in Washington, District of Columbia. Donations are tax-deductible.
- What is Ncrc Community Development Fund Inc's EIN?
- Ncrc Community Development Fund Inc's Employer Identification Number (EIN) is 26-1269202.
- How much revenue does Ncrc Community Development Fund Inc report?
- Ncrc Community Development Fund Inc reported $2,252,467 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Ncrc Community Development Fund Inc's spending goes to programs?
- Ncrc Community Development Fund Inc spends about 78% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Ncrc Community Development Fund Inc have?
- CharityIndex grades Ncrc Community Development Fund Inc C, based on program efficiency and fundraising cost.
- How much does Ncrc Community Development Fund Inc's highest-paid employee make?
- The highest reported compensation on Ncrc Community Development Fund Inc's latest Form 990 is $0, paid to Charles Harris (Director).
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Data for Ncrc Community Development Fund Inc (EIN 26-1269202) 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.