Community Vision Capital & Consulting
- Assets
- $129.9m
- Revenue
- $10.4m
- Investments
- $3.9m
- Employees
- 62
- Location
- San Francisco, CA
- Founding
- 01/1992
- Data as of
- 09/2023
- EIN
- 94-3032394
Organization Overview
Community Vision Capital & Consulting, operating under the name Northern California Community Loan Fund, is located in San Francisco, CA. The organization was established in 1992. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 09/2023, Northern California Community Loan Fund employed 62 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Northern California 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 09/2023, Northern California Community Loan Fund generated $10.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.6% each year. All expenses for the organization totaled $13.9m during the year ending 09/2023. While expenses have increased by 12.1% per year over the past 7 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, Northern California Community Loan Fund has awarded 35 individual grants totaling $943,368. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDING FINANCING AND FINANCIAL EXPERTISE TO STRENGTHEN LOW-INCOME COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CAPITAL SOLUTIONS: SINCE 1987, COMMUNITY VISION HAS MADE 654 LOANS TOTALING $322 MILLION TO NONPROFITS AND SOCIAL ENTERPRISES SERVING DISINVESTED COMMUNITIES IN NORTHERN AND CENTRAL CALIFORNIA, LEVERAGING OVER $1.9 BILLION IN ADDITIONAL PROJECT FUNDING. THESE LOANS HAVE HELPED CREATE OR PRESERVE 8,007 AFFORDABLE HOUSING UNITS FOR LOW-INCOME FAMILIES AND INDIVIDUALS, AND FINANCED OVER 4.9 MILLION SQUARE FEET OF NEIGHBORHOOD-SERVING COMMERCIAL AND RESIDENTIAL SPACE. THESE LOANS HAVE ALSO HELPED CREATE OR PRESERVE 24,446 PERMANENT AND CONSTRUCTION JOBS, AND HELPED FINANCE PROJECTS BY ORGANIZATIONS THAT SERVE OVER 1.8 MILLION INDIVIDUALS. AT THE END OF FY23, COMMUNITY VISION MANAGED A PORTFOLIO OF 105 LOANS WORTH $85 MILLION TO 87 ORGANIZATIONS. DURING FY23, COMMUNITY VISION CLOSED 34 LOANS TOTALING $39 MILLION.
CAPITALIZATION: COMMUNITY VISION WAS FOUNDED BY COMMUNITY RESIDENTS AS A VEHICLE TO CHANNEL CAPITAL FROM SOCIALLY RESPONSIBLE AND MISSION MOTIVATED INVESTORS TO PROJECTS THAT BENEFIT LOW INCOME PEOPLE. WE PROVIDE EDUCATION ON SUSTAINABLE, SOCIALLY RESPONSIBLE INVESTING. AT THE END OF FY2023 INVESTMENTS MADE BY OVER 300 BANKS, FOUNDATIONS, INDIVIDUALS, RELIGIOUS ORGANIZATIONS, NONPROFIT ORGANIZATIONS AND HOSPITAL SYSTEMS INTO OUR REVOLVING LOAN FUND TOTALED $81 MILLION.NEW MARKETS TAX CREDIT: COMMUNITY VISION HAS RECEIVED A TOTAL OF $212 MILLION IN NEW MARKETS TAX CREDIT (NMTC) ALLOCATION FOR USE IN OUR NORTHERN AND CENTRAL CALIFORNIA SERVICE AREA. WE HIGHLY LEVERAGE AND INVEST TAX CREDIT CAPITAL IN HIGH IMPACT BUSINESSES AND NONPROFITS IN QUALIFYING LOW-INCOME COMMUNITIES, CREATING JOBS AND SPURRING ADDITIONAL ECONOMIC DEVELOPMENT. OUR NMTC PROGRAM HAS HELPED TO CREATE OR PRESERVE 5,637 JOBS, CREATED 1,038,826 SQUARE FEET OF COMMUNITY FACILITY SPACE, HELPED TO DEVELOP 84 UNITS OF AFFORDABLE HOUSING AND LEVERAGED AN ADDITIONAL $340 MILLION IN PRIVATE INVESTMENT. OVER 962,000 INDIVIDUALS ACROSS 8 COUNTIES SPANNING NORTHERN AND CENTRAL CALIFORNIA WILL BE SERVED BY THE PROJECTS DEVELOPED USING THESE FUNDS.
REAL ESTATE SOLUTIONS (RES): SINCE THE INCEPTION OF OUR CONSULTING & TRAINING PROGRAM, COMMUNITY VISION HAS PROVIDED 1,163 REAL ESTATE AND FINANCIAL MANAGEMENT CONSULTING ENGAGEMENTS AND SERVED 5,519 ORGANIZATIONS THROUGH WORKSHOPS ON THESE TOPICS. DURING FY23, THE PROGRAM COMPLETED 63 CONSULTING ENGAGEMENTS, AND REACHED OVER 219 ORGANIZATIONS THROUGH 15 WORKSHOPS. RES ALSO MANAGES THE CALCORE PROGRAM, A FIVE-YEAR STATE-WIDE INITIATIVE THAT BRINGS TOGETHER COHORTS OF COMMUNITY-BASED DEVELOPERS, WITH A FOCUS ON BLACK, INDIGENOUS, PEOPLE OF COLOR-LED (BIPOC) REAL ESTATE ORGANIZATIONS, PARTICULARLY COMMUNITY DEVELOPMENT CORPORATIONS (CDCS) AND COMMUNITY LAND TRUSTS (CLTS).
COMMUNICATIONS AND IMPACT: COMMUNITY VISION CONDUCTS ONGOING EVALUATION OF PROGRAMS AND INITIATIVES. WE DEVELOP AND DISTRIBUTE INFORMATION ABOUT OUR PROGRAMS BOTH INTERNALLY AND EXTERNALLY VIA MULTIPLE CHANNELS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patricia Gopaul Board Chair | OfficerTrustee | 4 | $0 |
John Chan Treasurer | OfficerTrustee | 4 | $0 |
David Elsaesser Secretary | OfficerTrustee | 4 | $0 |
Anita Addison Board Member | Trustee | 4 | $0 |
Nikki Beasley Board Member | Trustee | 4 | $0 |
Andre Madeira Board Member | Trustee | 4 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
The Norfus Firm Hr And Dei Consulting | 9/29/23 | $281,927 |
Nixon Peabody Legal Services | 9/29/23 | $201,941 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,741,165 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,110,364 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,851,529 |
| Total Program Service Revenue | $5,338,741 |
| Investment income | $1,023,536 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $190,162 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,403,968 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $164,494 |
| 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. | $514,353 |
| Compensation of current officers, directors, key employees. | $128,588 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,555,692 |
| Pension plan accruals and contributions | $201,634 |
| Other employee benefits | $443,407 |
| Payroll taxes | $370,500 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $511,326 |
| Fees for services: Accounting | $81,693 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $39,431 |
| Fees for services: Other | $658,592 |
| Advertising and promotion | $100,005 |
| Office expenses | $356,977 |
| Information technology | $323,102 |
| Royalties | $0 |
| Occupancy | $342,289 |
| Travel | $78,297 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $55,285 |
| Interest | $1,487,035 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $39,762 |
| Insurance | $225,139 |
| All other expenses | $0 |
| Total functional expenses | $13,889,814 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $297,721 |
| Savings and temporary cash investments | $10,890,901 |
| Pledges and grants receivable | $1,470,000 |
| Accounts receivable, net | $1,079,895 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $77,721,782 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $239,948 |
| Net Land, buildings, and equipment | $2,520,652 |
| Investments—publicly traded securities | $26,104,376 |
| Investments—other securities | $3,909,198 |
| Investments—program-related | $241,808 |
| Intangible assets | $0 |
| Other assets | $5,415,368 |
| Total assets | $129,891,649 |
| Accounts payable and accrued expenses | $1,563,138 |
| Grants payable | $0 |
| Deferred revenue | $5,029,824 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $20,000 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $81,046,971 |
| Other liabilities | $4,536,549 |
| Total liabilities | $92,196,482 |
| Net assets without donor restrictions | $28,675,836 |
| Net assets with donor restrictions | $9,019,331 |
| 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 | $129,891,649 |
Grants Awarded
Over the last fiscal year, Community Vision Capital & Consulting has awarded $164,494 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
SOGOREA TE' LAND TRUST PURPOSE: GENERAL OPERATING SUPPORT | $27,247 |
FIRST NATIONS DEVELOPMENT INSTITUTE PURPOSE: GENERAL OPERATING SUPPORT | $27,247 |
SOLANO ADVOCATES FOR VICTIMS OF VIOLENCE PURPOSE: GENERAL OPERATING SUPPORT | $30,000 |
NORTHERN CALIFORNIA GRANTMAKERS PURPOSE: GENERAL OPERATING SUPPORT | $30,000 |
MALONGA ARTS COLLECTIVE PURPOSE: GENERAL OPERATING SUPPORT | $10,000 |
COMMUNITY ACTION BOARD OF SANTA CRUZ COUNTY PURPOSE: GENERAL OPERATING SUPPORT | $10,000 |