Skip to content
Nonprofiteer
← NEIGHBORHOOD IMPACT INVESTMENT FUND INC

Form 990 for tax year 2022

Filed by NEIGHBORHOOD IMPACT INVESTMENT FUND INC.

Totals

Total revenue
$3,569,338
Total expenses
$2,255,647
Contributions and grants received
$2,155,640
Grants paid
$100,000
Program service revenue
$131,978
Investment income
$1,264,400
Other revenue
$17,320
Total assets, end of year
$57,985,292
Total liabilities, end of year
$51,768,703
Net assets or fund balances, end of year
$6,216,589
Program services expenses (Part IX)
$1,739,593
Management and general expenses
$466,518
Fundraising expenses
$49,536
Program service expenses (Part III)
$1,739,593

Program services were 77.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $2,155,640

  • 2a · Program service revenue: ORIGINATION FEE

    total $131,978 · related or exempt $131,978

  • 3 · Investment income

    total $1,264,400 · excluded $1,264,400

  • 11a · Other revenue: COMMITTMENT FEE

    total $11,250 · related or exempt $11,250

  • 11b · Other revenue: OTHER REVENUE

    total $6,070 · related or exempt $6,070

  • 11e · Other revenue, total

    $17,320

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $100,000 · program services $100,000

  • 5 · Compensation of officers, directors and key employees

    total $298,482 · program services $183,633 · management and general $89,651 · fundraising $25,198

  • 7 · Other salaries and wages

    total $199,965 · program services $125,693 · management and general $57,395 · fundraising $16,877

  • 8 · Pension plan contributions

    total $2,112 · program services $1,547 · management and general $428 · fundraising $137

  • 9 · Other employee benefits

    total $22,565 · program services $18,010 · management and general $3,086 · fundraising $1,469

  • 10 · Payroll taxes

    total $39,575 · program services $25,412 · management and general $10,967 · fundraising $3,196

  • 11b · Fees: legal

    total $18,729 · program services $15,207 · management and general $3,522

  • 11c · Fees: accounting

    total $431,633 · program services $300,000 · management and general $131,633

  • 11f · Fees: investment management

    total $3,502 · management and general $3,502

  • 11g · Fees: other

    total $179,786 · program services $98,027 · management and general $81,759

  • 12 · Advertising and promotion

    total $16,493 · program services $682 · management and general $15,811

  • 13 · Office expenses

    total $6,012 · program services $397 · management and general $5,615

  • 14 · Information technology

    total $19,958 · program services $12,711 · management and general $7,242 · fundraising $5

  • 17 · Travel

    total $412 · program services $211 · management and general $201

  • 22 · Depreciation, depletion and amortization

    total $32,672 · management and general $32,672

  • 23 · Insurance

    total $24,407 · program services $14,937 · management and general $6,816 · fundraising $2,654

  • 24a · Other expenses: PROVISION FOR LOAN LOSS

    total $763,419 · program services $763,419

  • 24b · Other expenses: LOAN SERVICING FEES

    total $76,467 · program services $76,467

  • 24c · Other expenses: SENIOR SECURED UNUSED F

    total $9,528 · management and general $9,528

  • 24d · Other expenses: TRAINING AND PROFESSION

    total $2,864 · program services $2,682 · management and general $182

  • 24e · All other expenses

    total $7,066 · program services $558 · management and general $6,508

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,247,638 · end of year $1,670,529

  • 4 · Accounts receivable

    end of year $988,265

  • 7 · Other notes and loans receivable

    beginning of year $13,982,098 · end of year $21,576,928

  • 9 · Prepaid expenses and deferred charges

    beginning of year $23,806 · end of year $50,956

  • 11 · Investments: publicly traded securities

    beginning of year $38,708,793 · end of year $33,655,428

  • 15 · Other assets

    beginning of year $75,857 · end of year $43,186

  • 17 · Accounts payable and accrued expenses

    beginning of year $71,716 · end of year $68,703

  • 24 · Unsecured notes and loans payable

    beginning of year $51,700,000 · end of year $51,700,000

  • 27 · Net assets without donor restrictions

    beginning of year $4,259,976 · end of year $4,661,949

  • 28 · Net assets with donor restrictions

    beginning of year $6,500 · end of year $1,554,640

Mission and programs · 2022

Mission

NEIGHBORHOOD IMPACT INVESTMENT FUND, INC. (NIIF) IS A MISSION-DRIVEN INVESTMENT FUND DEDICATED TO DELIVERING CAPITAL AND PROMOTING INCLUSIVE, EQUITABLE GROWTH IN BALTIMORE'S HISTORICALLY DISINVESTED NEIGHBORHOODS.

Activities or mission (Part I)

DELIVER CAPITAL AND PROMOTE EQUITABLE GROWTH IN BALTIMORE'S DISINVESTED NEIGHBORHOODS.

  • NIIF IS A NON-PROFIT ORGANIZATION CREATED TO DELIVER CAPITAL TO, AND TO PROMOTE EQUITABLE GROWTH IN, HISTORICALLY DISINVESTED NEIGHBORHOODS IN BALTIMORE. INITIALLY CAPITALIZED WITH A LONG-TERM, SUBORDINATE LOAN FROM THE CITY OF BALTIMORE, NIIF IS AN INDEPENDENT ORGANIZATION THAT WORKS IN ALIGNMENT WITH THE CITY'S NEIGHBORHOOD FOCUS AND COMMUNITY DEVELOPMENT GOALS. NIIF SUPPORTS COMMUNITIES THROUGH LOANS AND INVESTMENTS THAT CAN ACCELERATE COMMUNITY REVITALIZATION, CATALYZE BUSINESS ACTIVITY AND PROVIDE GREATER OPPORTUNITIES FOR RESIDENTS.

    Expenses $1,739,593 · Grants $100,000 · Revenue $131,978

As filed on the 2022 return.

Listed in Part VII

  • Arnold Williams

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    2

  • John Hamilton

    TREASURER/GOVERNANCE CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Joyce Moskovitz

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Mary John Miller

    AUDIT CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Ernst Valery

    DIVERSITY, EQUITY AND INCLUSION CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Marc Broady

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Sonja Wells

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Augie Chiasera

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Jalal Jay Greene

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Colin Tarbert

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Paul Taylor

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Rodney Boyd Left In March 2022

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Fagan Harris Left In January 2023

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Dana Johnson Left In March 2023

    INVESTMENT CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Linda Sorden Started March 2023

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Ft Burden Started March 2023

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Mark A Kaufman

    PRESIDENT AND CHIEF EXECUTIVE OFFICER

    Total calculated
    $157,971
    From this org
    $155,042
    From related orgs
    $0
    Other
    $2,929
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $155,042
    Bonus
    $0
    Other
    $0
    Deferred
    $2,929
    Nontaxable benefits
    $0
    Filer's total
    $157,971

  • Lori M Glass

    CHIEF LENDING OFFICER (TERM 11/22)

    Total calculated
    $131,810
    From this org
    $118,768
    From related orgs
    $0
    Other
    $13,042
    Hours/week
    40

  • Patti Chandler

    CHIEF FINANCIAL OFFICER (STARTED BOARD APPROVED CF

    Total calculated
    $37,200
    From this org
    $37,200
    From related orgs
    $0
    Other
    $0
    Hours/week
    12

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

  • TREND WALLBROOK JUNCTION INVESTORS LLC

    $100,000

    SECURITY SYSTEM, PROPERTY UPDATES

Provenance

Return type
form_990
Tax year
2022
Filed
7 November 2023
IRS schema version
2022v5.0
Source object
202303129349304915

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.