SAN FRANCISCO COMMUNITY INVESTMENT FUND

San Francisco, CA | San Francisco County
Revitalization/Stabilization

Overview

SAN FRANCISCO COMMUNITY INVESTMENT FUND
27-1996807
1 DR CARLTON B GOODLETT PL NO 448
San Francisco, CA 94102
San Francisco County
(415) 554-6902

Mission Statement info

THE CORPORATION'S SPECIFIC PURPOSE IS TO ASSIST IN CARRYING OUT THE ECONOMIC DEVELOPMENT PROGRAMS AND OBJECTIVES OF THE CITY. IT WILL PROMOTE THE DEVELOPMENT, ESTABLISHMENT OR EXPANSION OF INDUSTRIES AND COMMERCE IN LOW-INCOME AREAS BY GENERATING PRIVATE INVESTMENT CAPITAL THROUGH THE NEW MARKETS TAX CREDIT ("NMTC") PROGRAM. THE CORPORATION WILL MAKE LOANS AVAILABLE FOR INVESTMENT IN "LOW-INCOME COMMUNITIES OR "LOW-INCOME PERSONS" (AS DEFINED IN THE LAW AND REGULATIONS GOVERNING THE NMTC PROGRAM). THE PRIMARY MISSION OF THE CORPORATION IS TO SERVE LOW-INCOME COMMUNITIES OR LOW-INCOME PERSONS BY PROVIDING INVESTMENT CAPITAL. THE ORGANIZATION'S ACTIVITIES WILL TARGET ECONOMICALLY DISTRESSED COMMUNITIES WITHIN THE CITY.

Founded info
2010
Total Employees info
0
Total Volunteers info
0
CRA Category info
  • Revitalization/Stabilization
Nonprofit location info
  • Majority Minority Census Tract
Awards & Certifications info
  • NMTC Recipient
Nonprofit Classification (NTEE Code) info
L20

L - Housing, Shelter

Housing Development, Construction & Management

Organizations that build, rehabilitate, manage and/or provide rental housing for low-income individuals and families, older adults and people with disabilities; or which make purchasable housing available to low or moderate income families by offering lower priced housing and/or affordable payment plans, by arranging for interest or mortgage subsidies or by involving eventual owners in the construction process (sweat equity). Use this code for organizations that provide housing services for a wide range of individuals or for those that offer housing options for low income tenants that are not specified below.

IRS Activity Codes info
-
Not reported
-
Not reported
-
Not reported
Standard Business Classification (NAICS Code) info
624229
Other Community Housing Services

CRA Alignment

CRA Category info
Revitalization/Stabilization
Community and economic development in distressed, underserved or disadvantaged areas.
CRA Certification info
Has not applied.
Awards & Certifications info
Community Development Financial Institution info
Community Development Financial Institution Award Recipient info
New Market Tax Credit Recipient info
Most Recent NMTC Award info
2018

$35,000,000
HUD Counseling Agency info
Low Income Housing Tax Credit Recipient info

IRS Summary

Income
$1.7M
Revenue
$1.7M
Assets
$2.4M
Exempt Ruling Date info
2012-02
Deductibility Status info
Deductible
Tax Filing Year info
2018
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
CA
Basis for Foundation/Public Charity Status info
509(a)(3) Type I
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

Nonprofit Location

Physical Address info
1 DR CARLTON B GOODLETT PL NO 448
San Francisco, CA 94102
San Francisco County
FIPS Geocoded Address info
41860
MSA/CBSA info
06
State info
075
County info
0124.02
Tract info
Unknown
Income Level info
Core-Based Statistical Area info
San Francisco-Oakland-Berkeley, CA
Combined Statistical Area info
San Jose-San Francisco-Oakland, CA
Metropolitan Division info
San Francisco-San Mateo-Redwood City, CA
Area Type info
Metropolitan Statistical Area
Located In info
Low- or Moderate-Income Census Tract info
Opportunity Zone info
Majority Minority Census Tract info 60.86%
Designated Distressed Census Tract info
Underserved Census Tract info

Market Data

Census Tract County
0124.02 San Francisco County
Population
Total Population 3,600 874,961
Total Households 2,252 362,354
Income
Median Family Income (Census*) $0 $112,449
Median Family Income (2019 FFIEC) $133,800 N/A
Tract Income Percentage 0% N/A
Below Poverty Level 26.0% 10.3%
Unemployment Level 5.3% 4.2%
Housing
Total Housing Units 2,437 397,812
Total Owner-Occupied Units 8.3% 37.6%
Total Renter-Occupied Units 84.1% 62.4%
Total Vacant Units 7.6% 3.7%
* Census tract income based on 2019 Census estimated data; County income based on 2019 American Community Survey data.
View more than 200 performance context data points for this county now.

Management

5
Total Voting Members
in Governing Body
info
5
Independent Voting Members
in Governing Body
info
Tax Filing Signatory info
Nadia Sesay
Treasurer
(415) 554-6902
Principal Officer info
Brian Strong
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

"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.