Nehemiah Community Reinvestment Fund Inc
- Assets
- $88.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Elk Grove, CA
- Founding
- 01/1997
- Data as of
- 06/2021
- EIN
- 68-0365842
Organization Overview
Nehemiah Community Reinvestment Fund Inc is located in Elk Grove, CA. The organization was established in 1997. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nehemiah Community Reinvestment Fund Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION IS DEDICATED TO PROVIDING CAPITAL AND TECHNICAL ASSISTANCE TO ORGANIZATIONS WORKING TO REVITALIZE LOW-INCOME NEIGHBORHOODS AND PROVIDE HOUSING, SERVICES, AND JOBS TO UNDERSERVED PEOPLE THROUGHOUT THE UNITED STATES.
Describe the Organization's Program Activity:
IN NOVEMBER 2012, NCRF INITIATED ITS ROOFS FOR TROOPS PROGRAM. UNDER THE ROOFS FOR TROOPS PROGRAM, NCRF ACQUIRES, RENOVATES AND SELLS HOMES TO UNITED STATES MILITARY VETERANS AND ACTIVE DUTY MILITARY PERSONNEL AT A DISCOUNT FROM THE MARKET VALUE. IN CONNECTION WITH THE FINANCIAL INSTITUTION AND THE NATIONAL COMMUNITY STABILIZATION TRUST, SOME HOUSES ARE DONATED TO VETERANS. THE ROOFS FOR TROOPS HOMES ARE DONATED TO NCRF FROM FINANCIAL INSTITUTIONS.
THE FUND HAS BEEN INVOLVED IN PROVIDING FINANCING TO COMPANIES WHICH CREATE HOUSING AND ECONOMIC DEVELOPMENT OPPORTUNITIES IN DISADVANTAGED NEIGHBORHOODS. THE FUND ALSO HAS DEVELOPED AN INVESTMENT VEHICLE FOR QUALIFIED INVESTORS TO INVEST IN PROJECTS THAT WILL CREATE AND ENHANCE BUSINESS AND COMMERCIAL PROJECTS, AFFORDABLE HOUSING, COMMUNITY USE, AND ECONOMIC DEVELOPMENT OPPORTUNITIES IN ECONOMICALLY DISADVANTAGED NEIGHBORHOODS IN THE REGION.
CONTRIBUTIONS TO OTHER 501(C)(3) ORGANIZATIONS AND LOCAL CHARITABLE EVENTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott Syphax President & CEO | OfficerTrustee | 2 | $0 |
Samuel Starks Secretary | OfficerTrustee | 2 | $0 |
Erik Grotte CFO | Officer | 2 | $0 |
Edward Phillips Director | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Collier Construction Llc Rehab | 6/29/17 | $491,378 |
Goldstone Management Group Llc Rehab | 6/29/17 | $322,504 |
Keylink Real Estate Inc Rehab | 6/29/17 | $405,460 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $0 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,540 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $350 |
| Advertising and promotion | $0 |
| Office expenses | $15 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $18,744 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $73,132 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $15,000 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $88,132 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $88,132 |
| Net assets with donor restrictions | $0 |
| 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 | $88,132 |
Grants Awarded
Over the last fiscal year, Nehemiah Community Reinvestment Fund Inc has awarded $32,382 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Sacramento, CA PURPOSE: SUPPORT | $32,382 |
Sacramento, CA PURPOSE: SPONSORSHIP | $0 |
Elk Grove, CA PURPOSE: 35TH ANNUAL MARCH FOR THE DREAM | $0 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Nehemiah Community Reinvestment Fund Inc has recieved totaling $334,000.
| Awarding Organization | Amount |
|---|---|
Sutter Valley Hospitals Sacramento, CA PURPOSE: GENERAL SUPPORT | $334,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Providence Little Company Of Mary Foundation Torrance, CA | $121,035,875 | $18,031,300 |
Cambodian Childrens Fund Santa Monica, CA | $27,120,483 | $15,367,074 |
Xavier College Preparatory High School Palm Desert, CA | $46,603,211 | $9,301,462 |
Vine Street Archive Foundation Beverly Hills, CA | $42,869,625 | $7,457,505 |
Innovate Public Schools San Jose, CA | $9,500,964 | $7,956,314 |
Wadhwani Charitable Foundation Los Altos, CA | $157,667,028 | $40,374,553 |
Action Council Of Monterey County Inc Salinas, CA | $7,887,434 | $8,600,305 |
Napa Valley Vintners Healthy Community Fund St Helena, CA | $32,705,725 | $410,948 |
The Mickelson Foundation Inc La Quinta, CA | $3,360,146 | $7,165,635 |
Gofundme Org Los Altos, CA | $10,664,900 | $15,280,521 |
Opencollective Foundation Walnut, CA | $4,802,160 | $9,335,614 |
Community In Action Ontario, OR | $2,870,959 | $6,588,152 |