New Hampshire Community Loan Fund
501(c)(3) Donations tax-deductible
97% goes to programs $1 to raise $100 Strong reserves Growing revenue
New Hampshire Community Loan Fund is a 501(c)(3) organization based in Concord, New Hampshire, registered in 1984, with $75,052,598 in FY2024 revenue. CharityIndex grades it A+, and it directs about 97% of spending to programs.
7 Wall St, Concord, NH, 03301 EIN 22-2524015 Since 1984
Revenue (FY2024)
$75.1M
▲ 167.9% vs prior year
Expenses (FY2024)
$57.9M
Net assets
$73.8M
Employees
87
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 rating97% 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 New Hampshire Community Loan Fund: 97% to programs · $1 to raise $100 earns a A+ on this criterion. See the exact thresholds →
AFinancial health25% of the rating15 mo reserves · +23% 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 New Hampshire Community Loan Fund: 15 mo reserves · +23% 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 New Hampshire Community Loan Fund: 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 New Hampshire Community Loan Fund: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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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.
What they do
Capitalization and philanthropy - see schedule o
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.
Contact & location
- Address
- 7 Wall St, Concord, NH, 03301
- City
- Concord
- State
- New Hampshire
- Category
- —
- Subcategory
- —
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $9.2M (FY2013) to $75.1M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $163.6MNet assets $73.8M
Operating margin
22.8%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$237.4M
Total liabilities
$163.6M
Net assets
$73.8M
Salaries & benefits
$7.7M
13% of expenses
Board members
16
15 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $75,052,598▲168% | $57,935,743▲180% | $73,779,028▲29.8% | $237,353,910▲7.8% | 990 |
| 2023 | $28,015,351▲90.1% | $20,685,013▲68.4% | $56,822,639▲38.8% | $220,225,049▲16.4% | 990 |
| 2022 | $14,740,663▼7.0% | $12,281,336▲12.4% | $40,948,704▲6.2% | $189,182,393▲5.8% | 990 |
| 2021 | $15,842,700▲14.2% | $10,930,181 | $38,542,358▲14.5% | $178,821,408▲1.0% | 990 |
| 2020 | $13,877,198▲6.1% | $10,926,761▼9.0% | $33,658,196▲7.5% | $176,989,258▲3.0% | 990 |
| 2019 | $13,083,236▼14.9% | $12,008,480▲11.6% | $31,320,668▲3.3% | $171,883,850▲5.8% | 990 |
| 2018 | $15,376,577▲39.5% | $10,760,123▲9.8% | $30,314,198▲18.9% | $162,530,967▲18.1% | 990 |
| 2017 | $11,023,278▲1.6% | $9,804,087▲3.5% | $25,502,553▲7.4% | $137,653,429▲10.2% | 990 |
| 2016 | $10,844,377▼6.7% | $9,474,702▼12.6% | $23,747,491▲3.2% | $124,966,101▲10.5% | 990 |
| 2015 | $11,628,343▲4.6% | $10,846,182▲8.7% | $23,012,138▲4.7% | $113,051,523▲8.1% | 990 |
| 2014 | $11,119,429▲21.3% | $9,975,276▲7.4% | $21,987,234▲7.2% | $104,617,612▲8.1% | 990 |
| 2013 | $9,166,792 | $9,286,408▼2.4% | $20,511,399▲0.8% | $96,742,290▲10.0% | 990 |
| 2012 | — | $9,514,110▼3.7% | $20,351,338▲3.4% | $87,926,503▲5.3% | 990 |
| 2011 | — | $9,876,418▼12.7% | $19,674,408▲0.5% | $83,468,454▲3.9% | 990 |
| 2010 | — | $11,316,999 | $19,579,620 | $80,334,100 | 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: Steve Saltzman — $256,191 (0.44% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Steve Saltzman | President & Ceo | 40 | $256,191 |
| Bonnie Scadova | Chief Financial Officer | 40 | $203,794 |
| Sarah Marchant | Coo & Vp of Roc-nh | 40 | $182,145 |
| Lucas Knowles | Dir. Sustainable Food Systems Program | 40 | $170,105 |
| Corey Sanborn-potter | Executive Vp of Lending and Credit | 40 | $154,677 |
| Katharine Cote | Vp of External Relations | 40 | $128,551 |
| Kathleen Paradis | Vp of Residential Lending & Compliance | 40 | $117,515 |
| Kaleigh Bullock | Vp of Organizational Strategy & Comm. | 40 | $111,863 |
| Ali Sekou | Member | 1 | — |
| Andre Garron | Vice Treas./treasurer (as of 12/24) | 1 | — |
| Colby Meehan | Vice Chair | 1 | — |
| Don Brueggemann | Member | 1 | — |
| Jamie Richardson | Board Chair | 1 | — |
| Jim Kerouac | Secretary | 1 | — |
| Joseph Gerakos | Member | 1 | — |
| Kathleen Reardon | Treasurer (until 12/24) | 1 | — |
| Lionel Loveless | Member | 1 | — |
| Liz Larose | Vice Secretary | 1 | — |
| Mark Fickle | Member | 1 | — |
| Mayte Rivera | Member (3/25 - 8/25) | 1 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Design By Cosmic Inc | Rebranding and Website Design Work | $288,475 |
| Blue Spruce Technology Inc | Technical Consulting | $166,555 |
| Columinate | Consulting For Roc-nh | $110,899 |
Grants received · $21.0M total
37 grants to New Hampshire Community Loan Fund totaling $21.0M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Gs Donor Advised Philanthropy Fund For Wealth Management Inc | Community & human services | 2024 | $14,000,000 |
| New Hampshire Charitable Foundation | For a designated distributions, general/operating support, programs | 2024 | $91,274 |
| The Blackbaud Giving Fund | General support | 2024 | $30,000 |
| The Conservation Fund A Nonprofit Corporation | Conservation of natural resources;sustainable economic & community development | 2024 | $6,000 |
| New Hampshire Charitable Foundation | General support, loan fund, farm-to-food, | 2023 | $450,081 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2023 | $253,000 |
| New Hampshire Charitable Foundation | For general support, removal of abandoned homes, desi dist, advocacy | 2022 | $295,816 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2022 | $202,425 |
| Opportunity Finance Network | Finance justice fund subgrant | 2022 | $150,000 |
| Opportunity Finance Network | 2022 renewable energy efficient grant | 2022 | $100,000 |
| The Blackbaud Giving Fund | General support | 2022 | $40,500 |
| New Hampshire Charitable Foundation | For general support, admin, woodbury coop, various funds, desig. dist. | 2021 | $302,356 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2021 | $108,700 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2021 | $108,700 |
| Boston Foundation Inc | Operating support/annual fund | 2021 | $30,000 |
Grants made · $41.8M in FY2024
90 grants totaling $41.8M in FY2024 — showing the 15 largest. All grants made by New Hampshire Community Loan Fund →
| Recipient | Purpose | Amount |
|---|---|---|
| America's Heartland Packing LLC | Mppep - phase 2 | $8,211,944 |
| Korte Meat Processors Inc | Mppep - phase 2 | $3,358,789 |
| Nine Twenty Processing LLC | Lmcap expansion | $2,526,840 |
| Noah's Ark Processors LLC | Mppep - phase 2 | $2,115,945 |
| Jm Watkins LLC | Mppep - phase 2 | $1,368,192 |
| Behrmann Meat & Processing | Lmcap expansion | $1,321,078 |
| Cream Co LLC | Lmcap expansion | $1,199,307 |
| Smoking Pig LLC | Lmcap expansion | $1,136,519 |
| Jessica Roosa DBA This Old Farm Inc | Lmcap expansion | $1,069,489 |
| Edgewood Locker Inc | Lmcap expansion | $1,052,377 |
| Clean Chickens and Co LLC | Mppep - phase 2 | $784,428 |
| Steve and Laura 2 LLC | Lmcap expansion | $779,054 |
| Seven Hills Food LLC | Lmcap expansion | $770,247 |
| Ozark Plateau Pork LLC | Lmcap expansion | $745,555 |
| Sonoma County Meat Co LLC | Lmcap expansion | $735,990 |
Frequently asked questions
- Is New Hampshire Community Loan Fund a legitimate nonprofit?
- Yes. New Hampshire Community Loan Fund is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 22-2524015, based in Concord, New Hampshire. Donations are tax-deductible.
- What is New Hampshire Community Loan Fund's EIN?
- New Hampshire Community Loan Fund's Employer Identification Number (EIN) is 22-2524015.
- How much revenue does New Hampshire Community Loan Fund report?
- New Hampshire Community Loan Fund reported $75,052,598 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of New Hampshire Community Loan Fund's spending goes to programs?
- New Hampshire Community Loan Fund spends about 97% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does New Hampshire Community Loan Fund have?
- CharityIndex grades New Hampshire Community Loan Fund A+, based on program efficiency and fundraising cost.
- How much does New Hampshire Community Loan Fund's highest-paid employee make?
- The highest reported compensation on New Hampshire Community Loan Fund's latest Form 990 is $256,191, paid to Steve Saltzman (President & Ceo).
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Data for New Hampshire Community Loan Fund (EIN 22-2524015) 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.