NATIONAL COMMUNITY INVESTMENT FUND IRRV TR

As filed

Subsection

04

NTEE code

S11

Classification

1000

Street

25 E WASHINGTON ST STE 1405

These codes are the IRS's own and are shown exactly as filed. What each one means is in the Business Master File documentation (opens in a new tab).

Other organizations at this address

1 other organization in the IRS Business Master File lists the same street address. matched by us

This address is a suite or unit (STE 1405). Organizations that share one are often clients of the same office-services firm, accountant or registered agent rather than related to each other.

We match the street line and ZIP code as the IRS gives them, ignoring case and outer spaces and nothing else, so "AVE" and "AVENUE" count as different streets and this list can miss some. A shared address can mean related organizations or a shared office, but it can also be a registered agent, a mail drop or a service provider holding mail for unrelated clients. It is not, by itself, evidence that two organizations are connected.

• NCIF NFP INC

  EIN 86-1472254

Mission and programs · 2024

• New Markets Tax Credits and Lending: since 2003, NCIF has been awarded $431 million in NMTC allocations from The CDFI Fund. The NMTC program was created by the CDFI fund to catalyze economic development investment into economically distressed communities. With the NMTC allocations, NCIF facilitates lending to qualified projects and enables our network bank partners to book high quality loans. As of December 31, 2024, NCIF has closed 58 deals utilizing $391.5 million of its NMTC allocations. The NMTC allocations along with NCIF's below-market loans enable non-profits and businesses to invest in projects that might not get traditional financing. Since 2019, NCIF and NCIF Credit Strategies Fund (CSF) has raised $48 million in loan capital and deployed $36.1 million as loans.

  Expenses $4,728,288 · Revenue $4,320,582

• Equity Investing: as of 12/31/2024, NCIF and CSF's portfolio consists of equity investments of $13.2 million in 19 Mission-Oriented Financial Institutions throughout the U.S. NCIF and CSF receive revenue in the form of dividends, capital gains, and interest.

  Expenses $820,184 · Revenue $3,025,397

• NCIF focuses on complementing its financial products and services with developmental program services to help support and build the CDFI sector. NCIF provides transaction and financial advisory support to its current and potential borrowers as well as businesses to promote economic and community development. These services aim to maximize the impact of NMTC-funded projects and ensure they create lasting, meaningful benefits for the target communities. NCIF believes impact is driven by data and research. It pioneered its Social Performance Metrics in 2006 and is currently building an AI Based Data Analytics Platform (NCIF.AI) to increase efficiency and expand reach of impact investors nationally. It is our belief that LLM and machine learning will democratize data analytics and enable investors, businesses, communities, and banks to make informed decisions and strengthen local communities.

  Expenses $86,689 · Revenue $856,354

As filed on the 2024 return.

Officers and directors · 2024

As listed in Part VII of the 2024 return, in the order the filer printed them. Each return names its own; this is not a roster the organization keeps with us.

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. Earlier years are each on their own filing page.

Filings

• 2024

  Revenue

  $8,202,333

  Expenses

  $6,858,937

  Contributions

  $0

  Grants paid

  $0

• 2023

  Revenue

  $10,233,986

  Expenses

  $4,359,631

  Contributions

  $5,619,678

  Grants paid

  $25,000

• 2022

  Revenue

  $5,340,542

  Expenses

  $3,623,277

  Contributions

  $703,530

  Grants paid

  $25,000

The four totals the IRS asks for on Part I of the Form 990, as filed. A dash means the figure was not present on the return — not that it was zero.

Other returns filed

• 2021 · 990

  Revenue

  $9,294,920

  Expenses

  $4,221,460

  Assets (EOY)

  $49,874,763

• 2020 · 990

  Revenue

  $7,497,797

  Expenses

  $3,500,592

  Assets (EOY)

  $37,203,919

• 2019 · 990

  Revenue

  $5,717,962

  Expenses

  $3,017,297

  Assets (EOY)

  $27,816,738

• 2018 · 990

  Revenue

  $3,265,580

  Expenses

  $2,545,576

  Assets (EOY)

  $18,782,657

• 2017 · 990

  Revenue

  $4,106,209

  Expenses

  $2,394,685

  Assets (EOY)

  $21,980,239

• 2016 · 990

  Revenue

  $2,909,707

  Expenses

  $2,015,045

  Assets (EOY)

  $19,235,652

• 2015 · 990

  Revenue

  $2,567,044

  Expenses

  $2,156,428

  Assets (EOY)

  $24,096,381

• 2014 · 990

  Revenue

  $3,625,154

  Expenses

  $1,689,486

  Assets (EOY)

  $24,151,128

• 2013 · 990

  Revenue

  $2,514,226

  Expenses

  $1,466,390

  Assets (EOY)

  $22,151,313

• 2012 · 990

  Revenue

  — not reported

  Expenses

  $1,260,279

  Assets (EOY)

  $21,558,851

Nonprofiteer parses Forms 990, 990-EZ and 990-PF, in a window of recent tax years. These returns are recorded from the IRS e-file index, so their figures were extracted by that index rather than read from the return here — treat them as a different source from the filings above, not as more of the same record. A dash means the index carries no figure; Form 990-T listings carry none at all. Showing the 10 most recent; the API carries the rest.

Grants made

• URBAN LEAGUE OF ESSEX COUNTY

  $25,000

  2023 · ULEC NMTC PROJECT

• THE MENKITI GROUP

  $25,000

  2022 · MLK GATEWAY PHASE I PROJECT

Where these grants went next →

Grants received

No itemized grant names this organization as a recipient. Only grants over $5,000 are itemized, and only by filers of the full Form 990.

Related organizations

From Schedule R Part II, where a filer lists the tax-exempt organizations it is related to by control. It does not record shared board members or money.

Taxable family

From Schedule R Parts I, III and IV: entities that legally are the filer, and taxable partnerships, corporations and trusts it is related to. These record ownership and control, not shared board members or money.

Other IRS files