Illinois · Nonprofit
NATIONAL COMMUNITY INVESTMENT FUND
NATIONAL COMMUNITY INVESTMENT FUND (Illinois) receives grants from 1 organization whose IRS filings report $500,000 to it, the largest being Expanding Black Business ($500,000). 0 of them have funded it in more than one year.
- Revenue FY2024
- $8.2M
- Funders on record
- 1
- Grants received
- $500k
- Net assets
- $36M
What National Community Investment Fund does
Mission
NCIF invests capital and lends with institutions, that increase access to responsible financial products and services, catalyze projects that provide economic opportunities, and improve the quality of life in underserved communities nationally. NCIF complements its investing and lending activities with knowledge transfer and technical assistance to scale impact.
As stated on its FY2024 Form 990.
Programs
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.
$4,728,288 spent$4,320,582 earned by the program84% of program spendingEquity 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.
$820,184 spent$3,025,397 earned by the program15% of program spendingNCIF 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.
$86,689 spent$856,354 earned by the program2% of program spending
The 3 programs described on its FY2024 Form 990, listed largest first by expense. Program spending in total: $5,635,161.
The organization over time
Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2023 to 2024, from $62M to $79M (+28%).
How it's funded, over time
Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.
Government-grant reliance: 2017 19% · 2020 23% · 2021 28% · 2022 13% · 2023 55%. Grants only. Government contracts and fees sit inside program revenue.
0% of NATIONAL COMMUNITY INVESTMENT FUND’s revenue is contributions — more earned-revenue than three-quarters of its peers (61% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 0 of the last 8 reported years ran a deficit.
reserve
Leadership and staff
The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.
Chief executive
Saurabh Narain
President & CEO
Board chair
Victor Elmore
Chair
As listed on its FY2024 Form 990.
Who funds it, year by year
Grant support over time, funder by funder — shade shows the grant size each year.
From the IRS filings of NATIONAL COMMUNITY INVESTMENT FUND’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Where its funders are
100% of NATIONAL COMMUNITY INVESTMENT FUND's grant income comes from Illinois funders.
Funder states come from each funder’s own filing. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Against its field
NATIONAL COMMUNITY INVESTMENT FUND holds deeper cash reserves than three-quarters of the 4,203 community improvement nonprofits its size.
this organization peer median middle 50% of peers· 4,203 community improvement nonprofits $1M–$10M, FY2024
Government funding NATIONAL COMMUNITY INVESTMENT FUND receives
Grants and contracts to this organization from federal (USASpending) and state checkbooks, reconciled to its EIN. $12.3M on record.
- Department of the Treasury$12.3M
Federal grants vs contracts are distinguished; state line items keep their reported category. Matched by name + geography (the BMF), so coverage is partial and precision-first.
Organizations like NATIONAL COMMUNITY INVESTMENT FUND
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In Illinois
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
82% of spending goes to programs.
Governance
Footprint & structure
Files a return copy in 1 state
Part of a family of 39 related entities
- Ncif Credit Strategies Fund LLC · disregarded
- Ncif Csf Managing Member LLC · disregarded
- Ncif Nfp Inc · exempt
- Ncif New Markets Capital Fund Xxiii Cde LLC · partnership
- Ncif New Markets Capital Fund Xxiv Cde LLC · partnership
Screen this organization
A dated, signed PDF of the compliance screen for NATIONAL COMMUNITY INVESTMENT FUND: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds NATIONAL COMMUNITY INVESTMENT FUND?
- NATIONAL COMMUNITY INVESTMENT FUND (Illinois) receives grants from 1 organization whose IRS filings report $500,000 to it, the largest being Expanding Black Business ($500,000). 0 of them have funded it in more than one year.
- How many funders does NATIONAL COMMUNITY INVESTMENT FUND have?
- IRS filings report 1 organization giving $500,000 in grants to NATIONAL COMMUNITY INVESTMENT FUND.
- Who is the largest funder of NATIONAL COMMUNITY INVESTMENT FUND?
- Expanding Black Business is the largest funder on record, with $500,000 in grants. The full list of funders is on this page.
- How can an organization like NATIONAL COMMUNITY INVESTMENT FUND find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in Illinois. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2024 (financials across 2017–2024), and the filings of 1 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing