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Neighborhood Finance Corporation's (NFC) primary mission is neighborhood revitalization, achieved through sustainable homeownership and renovation lending funded by local financial institutions, paired with forgivable loans funded by local governments. As economic and environmental challenges arise, NFC's relevance has only increased. NFC continues to launch new programs to address housing affordability challenges. The additional programs include, the Neighborhood Reinvest and Journey to Homeownership down payment assistance program and Energy Advantage to decrease energy costs for homebuyers and homeowners.
Source: IRS Form 990 (Tax Year 2024)
Source: IRS Form 990 via ProPublica Nonprofit Explorer
Total Revenue
▼$11.6M
Total Contributions
$8.1M
Total Expenses
▼$7.2M
Total Assets
$101.2M
Total Liabilities
▼$40.1M
Net Assets
$61.1M
Officer Compensation
→$459.9K
Other Salaries
$1.4M
Investment Income
▼$920.8K
Fundraising
▼$0
Source: USAspending.gov · Searched by organization name
Total Federal Funding
$10.7M
Awards Found
8
Department of the Treasury
$2.5M
PURPOSE: TO PROVIDE GRANTS TO COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS (CDFIS) FOR THE FOLLOWING PURPOSES 1) TO EXPAND LENDING, GRANT MAKING AND INVESTMENT ACTIVITIES IN LOW OR MODERATE INCOME COMMUNITIES AND TO BORROWERS THAT HAVE HISTORICALLY EXPERIENCED SIGNIFICANT UNMET CAPITAL AND FINANCIAL SERVICES NEEDS AND WERE DISPROPORTIONATELY IMPACTED BY THE COVID 19 PANDEMIC; AND 2) TO ENABLE CDFIS TO BUILD ORGANIZATIONAL CAPACITY AND ACQUIRE TECHNOLOGY, STAFF, AND OTHER TOOLS NECESSARY TO ACCOMPLISH THE ACTIVITIES UNDER A CDFI ERP AWARD. PLANNED ACTIVITIES: ELIGIBLE ACTIVITIES INCLUDE FINANCIAL PRODUCTS, FINANCIAL SERVICES, DEVELOPMENT SERVICES, GRANTS, LOAN LOSS RESERVES AND CAPITAL RESERVES THAT MAY BE USED TO MITIGATE THE IMPACT OF THE COVID 19 PANDEMIC ON UNEMPLOYMENT, CHILDCARE, HEALTHCARE, MENTAL HEALTHCARE, AFFORDABLE HOUSING, AFFORDABLE HOUSING FINANCE, SMALL BUSINESS, SMALL FARMS, BROADBAND INTERNET, AND FOOD SUFFICIENCY. IN ADDITION, TO SUPPORT CDFIS IN BUILDING THEIR CAPACITY TO RESPOND TO THE ECONOMIC IMPACT OF COVID 19, CDFI ERP AWARDS MAY BE USED FOR COMPENSATION PERSONAL SERVICES; COMPENSATION FRINGE BENEFITS; PROFESSIONAL SERVICE COSTS; TRAVEL COSTS; TRAINING AND EDUCATION COSTS; EQUIPMENT; SUPPLIES. END GOALS: EXPANDED FINANCING FOR LOW TO MODERATE INCOME COMMUNITIES AND INDIVIDUALS THAT HAVE HISTORICALLY EXPERIENCED SIGNIFICANT UNMET CAPITAL AND FINANCIAL SERVICES NEEDS AND WERE DISPROPORTIONATELY IMPACTED BY THE COVID 19 PANDEMIC INCLUDING SPECIFIC DESIGNATED COVID IMPACTED CDFI ERP ELIGIBLE GEOGRAPHIES AS AREAS THAT MAY BENEFIT FROM CDFI ERP ASSISTANCE. BENEFICIARIES: CERTIFIED CDFIS WHICH MAY BE FOR PROFIT ORGANIZATION, PRIVATE NONPROFIT INSTITUTION/ORGANIZATION, AND OTHER PRIVATE INSTITUTION/ORGANIZATION, AS DEFINED IN 12 C.F.R. 1805, AND LOW AND MODERATE INCOME INDIVIDUALS AND FAMILIES. SUBRECIPIENTS: THERE ARE NO SUBRECIPIENTS FOR THIS PROGRAM. BROADBAND: SPECIFIC ACTIVITIES RELATING TO BROADBAND USAGE ARE NOT KNOWN AT THE TIME OF AWARD. REASON/PURPOSE OF MODIFICATION: NOT APPLICABLE.
Department of Housing and Urban Development
$360K
ECONOMIC DEVELOPMENT INITIATIVE, COMMUNITY PROJECT FUNDING, AND MISCELLANEOUS GRANTS
Source: Federal Audit Clearinghouse (fac.gov)
Total Audits
8
Clean Audits
3
Material Weakness
Yes
Noncompliance Issues
No
| Year | Status | Financial Report | Federal Expenditure | Low Risk | Accepted |
|---|---|---|---|---|---|
| 2025 | Minor Findings | Unmodified (Clean) | $1.7M | No | 2026-03-28 |
| 2024 | Minor Findings | Unmodified (Clean) | $2.3M | No | 2025-05-30 |
| 2022 | Clean | Unmodified (Clean) | $1.4M | No | 2023-04-11 |
| 2020 | Clean | Unmodified (Clean) | $1M | No | 2021-04-19 |
| 2019 | Material Weakness | Unmodified (Clean) | $1.3M | No | 2020-05-18 |
| 2018 | Material Weakness | Unmodified (Clean) | $2.2M | No | 2019-04-03 |
| 2017 | Minor Findings | Unmodified (Clean) | $2.3M | No | 2018-05-31 |
| 2016 | Clean | Unmodified (Clean) | $4.8M | Yes | 2017-03-29 |
Financial Report
Unmodified (Clean)
Federal Expenditure
$1.7M
Financial Report
Unmodified (Clean)
Federal Expenditure
$2.3M
Financial Report
Unmodified (Clean)
Federal Expenditure
$1.4M
Financial Report
Unmodified (Clean)
Federal Expenditure
$1M
Financial Report
Unmodified (Clean)
Federal Expenditure
$1.3M
Financial Report
Unmodified (Clean)
Federal Expenditure
$2.2M
Financial Report
Unmodified (Clean)
Federal Expenditure
$2.3M
Financial Report
Unmodified (Clean)
Federal Expenditure
$4.8M
Source: IRS e-Filed Form 990
No officer or director compensation data available for this organization.
This data is sourced from IRS Form 990, Part VII. It may not be available if the organization files Form 990-N (e-Postcard) or has not yet been enriched.
Source: IRS Publication 78, Auto-Revocation List & e-Postcard Data
Tax-deductible contributions: Yes
Deductibility code: PC
Sources: IRS e-Filed Form 990 (XML) & ProPublica Nonprofit Explorer
Scroll →
| Year | Revenue | Contributions | Expenses | Assets | Net Assets |
|---|---|---|---|---|---|
| 2023 | $11.6M | $8.1M | $7.2M | $101.2M | $61.1M |
| 2022 | $6.8M | $4.7M | $6.6M | $94.7M | $56.2M |
| 2021 | $9M | $6.2M | $6.4M | $90.7M | $56M |
| 2020 | $6.1M | $3.3M | $6M | $89.1M | $53.5M |
Sources: ProPublica Nonprofit Explorer & IRS e-File Index
Financial data: IRS Form 990 via ProPublica Nonprofit Explorer (Tax Year 2023)
Federal grants: USAspending.gov (live)
Organization info: IRS Business Master File · ProPublica Nonprofit Explorer
Tax-deductibility: IRS Publication 78
| 2019 | $10.7M | $8.3M | $5.6M | $90.6M | $53.4M |
| 2018 | $12.6M | $10.4M | $4.9M | $85.8M | $48.4M |
| 2017 | $8.2M | $6M | $4.6M | $81.5M | $40.7M |
| 2016 | $5.3M | $3.1M | $4.2M | $43.6M | $37M |
| 2015 | $5.6M | $3.5M | $4.2M | $42.5M | $35.9M |
| 2014 | $5.4M | $3.2M | $4.3M | $41.5M | $34.5M |
| 2013 | $5.2M | $3.3M | $4.1M | $40.7M | $33.3M |
| 2012 | $5.5M | $3.2M | $3.9M | $38.3M | $32.3M |
| 2011 | $4.3M | $2.6M | $3.6M | $36.4M | $30.7M |
| 2021 | 990 | Data |
| 2020 | 990 | Data | PDF not yet published by IRS |
| 2019 | 990 | Data |
| 2018 | 990 | Data |
| 2017 | 990 | Data |
| 2016 | 990 | Data |
| 2015 | 990 | Data |
| 2014 | 990 | Data |
| 2013 | 990 | Data |
| 2012 | 990 | Data |
| 2011 | 990 | Data |
| 2010 | 990 | — |
| 2009 | 990 | — |
| 2008 | 990 | — |
| 2007 | 990 | — |
| 2006 | 990 | — |
| 2005 | 990 | — |
| 2004 | 990 | — |
| 2003 | 990 | — |
| 2002 | 990 | — |