Chicago Community Loan Fund
Chicago Community Loan Fund
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About this organization
Mission
Provide low-cost community development project loans
About
Lending - CCLF operates as a revolving loan fund, providing financing through its loan pool of lending capital for affordable housing, nonprofit facility and office space, commercial and retail development and other activities. These projects promise high social impact through the production and preservation of affordable housing, job creation and other services for low and moderate income individuals, families and communities.
Interesting data from their 2020 990 filing
The non-profit's mission is outlined in the filing as being “Organization provides low-cost, flexible financing to non-profit and for-profit community development organizations for the revitalization of low and moderate income neighborhoods throughout metropolitan chicago.”.
When outlining its responsibilities, they were referred to as: “Provide low-cost community development project loans”.
- The state in which the non-profit operates has been officially reported as IL.
- The filing reveals the non-profit's address in 2020 to be 29 E MADISON STE 1700, CHICAGO, IL, 60602.
- As per the non-profit's form for 2020, they have 26 employees on their payroll.
- Is not a private foundation.
- Expenses are greater than $1,000,000.
- Revenue is greater than $1,000,000.
- Revenue less expenses is $1,501,276.
- The organization has 21 independent voting members.
- The organization was formed in 1991.
- The organization pays $2,750,142 in salary, compensation, and benefits to its employees.
- The organization pays $188,951 in fundraising expenses.