New Hampshire Community Loan Fund
- Assets
- $220.2m
- Revenue
- $28.0m
- Investments
- $0.0
- Employees
- 62
- Location
- Concord, NH
- Founding
- 05/1984
- Data as of
- 06/2024
- EIN
- 22-2524015
Organization Overview
New Hampshire Community Loan Fund is located in Concord, NH. The organization was established in 1984. According to its NTEE Classification (S12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2024, New Hampshire Community Loan Fund employed 62 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Hampshire Community Loan Fund is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2024, New Hampshire Community Loan Fund generated $28.0m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 10.3% each year . All expenses for the organization totaled $20.7m during the year ending 06/2024. While expenses have increased by 7.4% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, New Hampshire Community Loan Fund has awarded 47 individual grants totaling $7,563,609. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2024
Describe the Organization's Mission:
Part 3 - Line 1
OUR MISSSION IS TO PROVIDE SYSTEMATICALLY EXCLUDED 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;COMPLEMENTING AND EXTENDING THE REACH OF CONVENTIONAL LENDERS ANDPUBLIC INSTITUTIONS; AND BRINGING PEOPLE AND INSTITUTIONS TOGETHER TOSOLVE PROBLEMS. OUR CORE FOCUS AREAS ARE AFFORDABLE HOMEOWNERSHIP, QUALITY JOB CREATION AND PRESERVATION, ENERGY EFFICIENCY SOLUTIONS, AND ACCESS TO CHILDCARE.ESTABLISHED IN 1983, THE COMMUNITY LOAN FUND WAS ONE OF THE FIRSTCOMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS IN THE NATION AND ISRECOGNIZED 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 HIGHESTHONOR IN OUR FIELD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AFFORDABLE HOUSING - SEE SCHEDULE O
CAPITALIZATION AND PHILANTHROPY - SEE SCHEDULE O
BUSINESS FINANCE - SEE SCHEDULE O
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steve Saltzman President & CEO | OfficerTrustee | 40 | $217,829 |
Kathleen Reardon Treasurer | OfficerTrustee | 1 | $0 |
Jamie Richardson Board Chair | OfficerTrustee | 1 | $0 |
Andre Garron Vice Treasurer | OfficerTrustee | 1 | $0 |
Betsy Mcnamara Chair (until 12/23) | OfficerTrustee | 1 | $0 |
Sid Prabhakar Vice Chair | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $1,320 |
| Related organizations | $0 |
| Government grants | $9,704,352 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,149,375 |
| Noncash contributions included in lines 1a–1f | $298,930 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,855,047 |
| Total Program Service Revenue | $14,536,098 |
| Investment income | $888,436 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $3,750 |
| Net Gain/Loss on Asset Sales | -$28,823 |
| Net Income from Fundraising Events | $4,366 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $28,015,351 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $6,889,013 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $519,356 |
| Compensation of current officers, directors, key employees. | $186,375 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,365,957 |
| Pension plan accruals and contributions | $243,580 |
| Other employee benefits | $487,597 |
| Payroll taxes | $354,683 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $114,766 |
| Fees for services: Accounting | $105,305 |
| Fees for services: Lobbying | $91,038 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $834,470 |
| Advertising and promotion | $8,373 |
| Office expenses | $603,538 |
| Information technology | $43,087 |
| Royalties | $0 |
| Occupancy | $150,756 |
| Travel | $140,226 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $47,943 |
| Interest | $4,510,318 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $261,162 |
| Insurance | $142,163 |
| All other expenses | $0 |
| Total functional expenses | $20,685,013 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $20,359,033 |
| Pledges and grants receivable | $1,369,819 |
| Accounts receivable, net | $822,166 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $257,591 |
| Net Land, buildings, and equipment | $3,452,537 |
| Investments—publicly traded securities | $2,000,647 |
| Investments—other securities | $0 |
| Investments—program-related | $191,898,256 |
| Intangible assets | $0 |
| Other assets | $65,000 |
| Total assets | $220,225,049 |
| Accounts payable and accrued expenses | $2,191,268 |
| Grants payable | $0 |
| Deferred revenue | $186,958 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $149,332,953 |
| Other liabilities | $11,691,231 |
| Total liabilities | $163,402,410 |
| Net assets without donor restrictions | $44,364,266 |
| Net assets with donor restrictions | $12,458,373 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $220,225,049 |
Grants Awarded
Over the last fiscal year, New Hampshire Community Loan Fund has awarded $6,889,013 in support to 35 organizations.
| Grant Recipient | Amount |
|---|---|
101 SKILLS LLC PURPOSE: LMCAP EQUIPMENT-ONLY | $234,853 |
307 MEAT COMPANY PURPOSE: LMCAP EQUIPMENT-ONLY | $244,105 |
BUD'S CUSTOM MEATS INC PURPOSE: LMCAP EQUIPMENT-ONLY | $197,988 |
DAKOTA PURE MEATS LLC PURPOSE: LMCAP EQUIPMENT-ONLY | $234,975 |
DEER ESTATES COOPERATIVE INC PURPOSE: ASSISTANCE TO RESTORE VACANT HOME LOT | $6,500 |
COLORADO HOMESTEAD RANCHES INC PURPOSE: LMCAP EQUIPMENT-ONLY | $243,671 |