CHICAGO COMMUNITY LOAN FUND

CHICAGO, IL | Cook County
Revitalization/Stabilization

Overview

CHICAGO COMMUNITY LOAN FUND
36-3762123
29 E MADISON ST STE 1700
CHICAGO, IL 60602
Cook County

Mission Statement info

This nonprofit has not reported a mission statement.

CRA Category info
  • Revitalization/Stabilization
Nonprofit location info
  • This nonprofit is not located in any CRA geographies.
Awards & Certifications info
  • CDFI Organization
  • CDFI Award Recipient
  • NMTC Recipient
Founded info
Not reported
Total Employees info
Not reported
Total Volunteers info
Not reported
Nonprofit Classification (NTEE Code) info
S20

S - Community Improvement, Capacity Building

Community & Neighborhood Development

Organizations that focus broadly on strengthening, unifying and building the economic, cultural, educational and social services of an urban community or neighborhood. Use this code for community and neighborhood improvement organizations other than those specified below.

IRS Activity Codes info
400
Area development, redevelopment of renewal
-
Not reported
-
Not reported
Standard Business Classification (NAICS Code) info
813410
Civic and Social Organizations

CRA Alignment

CRA Category info
Revitalization/Stabilization
Community and economic development in distressed, underserved or disadvantaged areas.
What does it mean for a nonprofit to be CRA aligned?
Each nonprofit on Community Qualifier has been reviewed by findCRA utilizing a dual evaluation process. Nonprofits are first evaluated by our proprietary algorithm, CRANIA, and then further validated by our CRA experts. When nonprofit passes both parts of this review, we create a nonprofit profile for them on Community Qualifier. From there, a nonprofit can claim their profile and add additional information including their programs & services, counties served, targeted clients and income groups and more.
Awards & Certifications info
Community Development Financial Institution info
Date Certified info
10/25/2013
Native American CDFI info
N
Financial Institution Type info
Loan Fund
Community Development Financial Institution Award Recipient info
Most Recent CDFI Award info
2018
$700,000
CDFI Financial Assistance
2017
$866,500
CDFI Financial Assistance
2016
$1,750,000
CDFI Financial Assistance
New Market Tax Credit Recipient info
Most Recent NMTC Award info
2014

$15,000,000
HUD Counseling Agency info
Low Income Housing Tax Credit Recipient info

IRS Summary

Income
$18.3M
Revenue
$11.3M
Assets
$121.3M
Exempt Ruling Date info
1991-07
Deductibility Status info
Deductible
Last Tax Filing info
2020
Organization Type info
Corporation
Organization Tax Filing Status info
990 (all other) or 990EZ return
Foundation Tax Filing Status info
990-PF not required by IRS
Affiliation Classification info
Independent Organization
States Where Tax Return is Filed info
IL
Basis for Foundation/Public Charity Status info
Organization which receives a substantial part of its support from a governmental unit or the general public 170(b)(1)(A)(vi)

Nonprofit Location

Physical Address info
29 E MADISON ST STE 1700
CHICAGO, IL 60602
Cook County
Area Type info
Metropolitan Statistical Area
FIPS Geocoded Address info
16984
MSA/MD info
17
State info
031
County info
3204.00
Tract info
Upper
Income Level info
Core-Based Statistical Area info
16980 - Chicago-Naperville-Elgin, IL-IN-WI
Combined Statistical Area info
176 - Chicago-Naperville, IL-IN-WI
Metropolitan Division info
16984 - Chicago-Naperville-Evanston, IL
Located In info
Low- or Moderate-Income Census Tract info
Opportunity Zone info
Majority Minority Census Tract info 36.87%
FFIEC Designated Distressed Census Tract info
FFIEC Underserved Census Tract info

Market Data

Census Tract County
3204.00 Cook County
Population
Total Population 2,856 5,169,517
Total Households 712 1,991,474
Income
Median Family Income (Census*) $250,001 $67,886
Median Family Income (2022 FFIEC est.) $105,700 N/A
Tract Income Percentage 269.91% N/A
Below Poverty Level 8.1% 13.7%
Unemployment Level 13.5% 7.0%
Housing
Total Housing Units 992 2,198,489
Total Owner-Occupied Units 46.1% 57.2%
Total Renter-Occupied Units 25.7% 42.8%
Total Vacant Units 28.2% 7.2%
* Census tract income based on 2020 Census estimated data; County income based on 2020 American Community Survey data.
View more than 200 performance context data points for this county now.

Management

23
Total Voting Members
in Governing Body
info
23
Independent Voting Members
in Governing Body
info
Tax Filing Signatory info
Charles S Walls
Treasurer
(312) 252-0440
Principal Officer info
Calvin L Holmes
findCRA Profile Owner
Nonprofit profile has not yet been claimed
Key Policies & Documents info
Written Conflict of Interest Policy
Written Document Retention & Destruction Policy
Written Wistleblower Policy
CEO Compensation Review Process
Written Minutes of Board Meetings
Financial Statements & Reporting info
Compiled or Reviewed by an Independent Accountant
Audited by an Independent Accountant
Included in Consolidated Financial Statements
Internal Audit Committee Review
Federal Grant Audit Required
Federal Grand Audit Performed
IRS Reported Activities info
Provides Credit Counseling
Conducts Gaming Activities
Engages in Lobbying Activities
Engages in Political Activities
Makes Grants to Individuals
Makes Grants to Organizations

"NA" in this section indicates that the information was not available in the nonprofit's most recent IRS tax filing.

This Nonprofit Profile was automatically created by findCRA based on data available from publicly available government and industry sources and our own research. This Nonprofit Profile is not currently maintained by, endorsed by, or affiliated with this nonprofit. Whenever possible, we utilize the most recent information available including information as made public by the Internal Revenue Service, U.S. Census Bureau, Federal Financial Institutions Examination Council, and more. The format and design of this Nonprofit Profile is ©findCRA. For more information about our Nonprofit Profiles, please visit www.learncra.com.