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Nonprofiteer
← CHICAGO COMMUNITY LOAN FUND

Form 990 for tax year 2023

Filed by CHICAGO COMMUNITY LOAN FUND.

Totals

Total revenue
$15,665,409
Total expenses
$10,227,527
Contributions and grants received
$6,842,945
Grants paid
$0
Program service revenue
$7,524,877
Investment income
$1,297,587
Other revenue
$0
Total assets, end of year
$179,995,748
Total liabilities, end of year
$127,440,302
Net assets or fund balances, end of year
$52,555,446
Program services expenses (Part IX)
$7,652,043
Management and general expenses
$2,143,441
Fundraising expenses
$432,043
Program service expenses (Part III)
$7,652,043

Program services were 74.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • ERIK HALL

    CHAIR

    Total calculated
    $0
    Hours/week
    0.73

  • SONYA MALUNDA

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    0.37

  • CHARLES WALLS

    TREASURER

    Total calculated
    $0
    Hours/week
    0.51

  • AILISA HERRERA

    SECRETARY

    Total calculated
    $0
    Hours/week
    1.04

  • PATRICIA MCCREARY CANNON

    ASSISTANT SECRETARY

    Total calculated
    $0
    Hours/week
    0.66

  • KEVIN GOLDSMITH

    ASSISTANT SECRETARY

    Total calculated
    $0
    Hours/week
    0.37

  • JODY ADLER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.63

  • JEFF ALLEN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.65

  • MOHAMMED ELAHI

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.57

  • DR AMARA ENYIA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.27

  • THOMAS FITZGIBBON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.49

  • STEPHANIE GREEN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.73

  • JENNIFER GUZMAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.56

  • RICHARD GUZMAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.27

  • EDWARD HOYNES

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.41

  • ANDREW HUGGER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.27

  • ANGELA HURLOCK

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.27

  • ERIC PHILLIPS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.27

  • MATTHEW REILEIN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.7

  • MARK SPEARS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.94

  • KATHY THOLIN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.35

  • JOHN TUOHY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.35

  • ROBERT TUCKER

    INTERIM PRESIDENT AND COO

    Total calculated
    $659,574
    From this org
    $329,787
    From related orgs
    $0
    Other
    $329,787
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $285,937
    Bonus
    $43,850
    Other
    $0
    Deferred
    $18,659
    Nontaxable benefits
    $18,329
    Filer's total
    $366,775

  • ANGELA DOWELL

    CHIEF FINANCIAL OFFICER

    Total calculated
    $447,130
    From this org
    $223,565
    From related orgs
    $0
    Other
    $223,565
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $192,737
    Bonus
    $30,828
    Other
    $0
    Deferred
    $12,767
    Nontaxable benefits
    $28,033
    Filer's total
    $264,365

  • CALVIN HOLMES

    PRESIDENT

    Total calculated
    $602,325
    From this org
    $301,163
    From related orgs
    $0
    Other
    $301,162
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $262,115
    Bonus
    $39,048
    Other
    $0
    Deferred
    $13,632
    Nontaxable benefits
    $14,663
    Filer's total
    $329,458

  • LYCRECIA PARKS

    CHIEF RISK OFFICER & VP PORTFOLIO MGMT.

    Total calculated
    $417,419
    From this org
    $208,710
    From related orgs
    $0
    Other
    $208,709
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $183,504
    Bonus
    $25,206
    Other
    $0
    Deferred
    $11,179
    Nontaxable benefits
    $13,815
    Filer's total
    $233,704

  • WENDELL HARRIS

    VP LENDING OPERATIONS

    Total calculated
    $398,624
    From this org
    $199,312
    From related orgs
    $0
    Other
    $199,312
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $175,580
    Bonus
    $23,732
    Other
    $0
    Deferred
    $10,565
    Nontaxable benefits
    $13,887
    Filer's total
    $223,764

  • MAURICE WILLIAMS

    VP ECON. DEVELOPMENT

    Total calculated
    $366,194
    From this org
    $183,097
    From related orgs
    $0
    Other
    $183,097
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $163,490
    Bonus
    $19,607
    Other
    $0
    Deferred
    $10,274
    Nontaxable benefits
    $10,871
    Filer's total
    $204,242

  • JUAN CALIXTO

    VP EXT. RELATIONS

    Total calculated
    $335,096
    From this org
    $167,548
    From related orgs
    $0
    Other
    $167,548
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $145,627
    Bonus
    $21,921
    Other
    $0
    Deferred
    $9,810
    Nontaxable benefits
    $22,553
    Filer's total
    $199,911

  • ROBIN SCHABES

    OPPORTUNITY ZONES CONSORTI

    Total calculated
    $328,880
    From this org
    $164,440
    From related orgs
    $0
    Other
    $164,440
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $143,197
    Bonus
    $21,243
    Other
    $0
    Deferred
    $9,507
    Nontaxable benefits
    $14,273
    Filer's total
    $188,220

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

  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

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

No itemized grants to organizations on this return.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • CCLF NMTC NFP

    FACILITATE DISTRIBUTIONS TO QUALIFIED EXEMPT ORGANIZATIONS · IL

    Directly controlled by CHICAGO COMMUNITY LOAN FUND

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • CCLF SUB-CDE 1 LLC

    RELATED · COMMUNITY DEVELOPMENT PROJECT LOANS · IL · 0.01% owned · share of income $4 · general or managing partner

    Directly controlled by CHICAGO COMMUNITY LOAN FUND

  • CCLF SUB-CDE 2 LLC

    RELATED · COMMUNITY DEVELOPMENT PROJECT LOANS · IL · 0.01% owned · share of income $1 · general or managing partner

    Directly controlled by CHICAGO COMMUNITY LOAN FUND

  • CCLF SUB-CDE 5 LLC

    RELATED · COMMUNITY DEVELOPMENT PROJECT LOANS · IL · 0.01% owned · share of assets $454 · general or managing partner

    Directly controlled by CHICAGO COMMUNITY LOAN FUND

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • CCLF SUB-CDE 3 LLC

    C · COMMUNITY DEVELOPMENT PROJECT LOANS · IL · 0.01% owned · share of income $3 · share of assets $502

    Directly controlled by CHICAGO COMMUNITY LOAN FUND

Provenance

Return type
form_990
Tax year
2023
Filed
24 September 2024
IRS schema version
2023v5.1
Source object
202402789349301670

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