2023-10-27T14:33:51-05:00 2022-12-31 410746749 CLIFTONLARSONALLEN LLP 2021 SPRING ROAD SUITE 200 OAK BROOK IL 60523 990 2022-01-01 363762123 THE CHICAGO COMMUNITY LOAN FUND CHIC 3122520440 29 E MADISON 1700 CHICAGO IL 60602 CHARLES S WALLS TREASURER 3122520440 2023-10-02 1 CHARLES WALLS 999009999 1 JAMES R THOMAS P00095586 6305738600 2023-10-02 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z CALVIN L HOLMES 29 E MADISON STE 1700 CHICAGO IL 60602 17266704 0 X WWW.CCLFCHICAGO.ORG X 1991 IL PROVIDE LOW-COST COMMUNITY DEVELOPMENT PROJECT LOANS 22 22 32 22 0 0 10415544 6972236 6353097 6209816 309834 395755 -135297 977956 16943178 14555763 0 0 0 0 3380562 3925914 0 0 267175 4012403 4526250 7392965 8452164 9550213 6103599 136728558 158934389 94873813 112231722 41854745 46702667 ORGANIZATION PROVIDES LOW-COST, FLEXIBLE FINANCING TO NON-PROFIT AND FOR-PROFIT COMMUNITY DEVELOPMENT ORGANIZATIONS FOR THE REVITALIZATION OF LOW AND MODERATE INCOME NEIGHBORHOODS THROUGHOUT METROPOLITAN CHICAGO. 0 0 5301516 6206113 LENDING - CCLF OPERATES AS A REVOLVING LOAN FUND, PROVIDING FINANCING THROUGH ITS LOAN POOL OF LENDING CAPITAL FOR AFFORDABLE HOUSING, NONPROFIT FACILITY AND OFFICE SPACE, COMMERCIAL AND RETAIL DEVELOPMENT AND OTHER ACTIVITIES. THESE PROJECTS PROMISE HIGH SOCIAL IMPACT THROUGH THE PRODUCTION AND PRESERVATION OF AFFORDABLE HOUSING, JOB CREATION AND OTHER SERVICES FOR LOW AND MODERATE INCOME INDIVIDUALS, FAMILIES AND COMMUNITIES. 538942 3703 TECHNICAL ASSISTANCE - CCLF'S GATEWAY TO COMMUNITY DEVELOPMENT PROGRAM PROVIDES TECHNICAL ASSISTANCE TO BORROWERS AND NON-BORROWERS THROUGH TIME SENSITIVE REAL ESTATE DEVELOPMENT ADVICE AND REFERRALS, A RANGE OF WORKSHOP TOPICS, FACILITATED PLANNING PROCESSES AND SUPPORT FOR SUSTAINABLE BUILDING PRACTICES. 538476 ECONOMIC DEVELOPMENT - CCLF IS HISTORICALLY A NICHE LENDER: ONE THAT MEETS THE FINANCING AND TECHNICAL ASSISTANCE NEEDS THAT ARE UNMET IN THE LOW TO MODERATE INCOME COMMUNITIES. THE 2012 - 2016 STRATEGIC PLAN HAS DIRECTED A COURSE OF COLLABORATIVE RELATIONSHIPS, EXPLORATION OF AVAILABLE PROGRAMS NEW TO CCLF AND THE CO-CREATION OF PROGRAMS TO BUILD AND/OR REHABILITATE COMMERCIAL REAL ESTATE. THIS PROGRAM IS DESIGNED TO RESEARCH AND FINANCE SUCH OPPORTUNITIES. 6378934 1 1 0 0 0 0 0 0 1 0 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 1 46 0 32 1 0 0 0 0 0 0 0 0 0 0 0 0 X 22 22 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 IL X ANGELA DOWELL 3122520439 29 E MADISON ST SUITE 1700 CHICAGO IL 60602 JODY ADLER DIRECTOR 0.37 X 0 0 0 JEFF ALLEN DIRECTOR 0.04 X 0 0 0 PATRICIA MCCREARY CANNON DIRECTOR, ASSISTANT SECRETARY 0.72 X X 0 0 0 MOHAMMED ELAHI SECRETARY, DIRECTOR 0.66 X X 0 0 0 DR AMARA ENYIA DIRECTOR, P& I CHAIR 0.27 X 0 0 0 THOMAS FITZGIBBON JR DIRECTOR 0.49 X 0 0 0 KEVIN GOLDSMITH DIRECTOR 0.27 X 0 0 0 STEPHANIE GREEN DIRECTOR 0.65 X 0 0 0 JENNIFER GUZMAN DIRECTOR, HR CHAIR 0.27 X X 0 0 0 RICHARD GUZMAN DIRECTOR 0.27 X 0 0 0 ERIK HALL VICE CHAIR, DIRECTOR 0.59 X 0 0 0 AILISA HERRERA ASSISTANT SECRETARY, DIRECTOR 0.75 X X 0 0 0 EDWARD HOYNES CPA DIRECTOR 0.45 X 0 0 0 ANDREW HUGGER DIRECTOR, SPECIAL ASSETS CHAIR 0.73 X 0 0 0 ANGELA HURLOCK DIRECTOR 0.27 X 0 0 0 SONYA MALUNDA DIRECTOR 0.27 X 0 0 0 ERIC PHILLIPS DIRECTOR 0.31 X 0 0 0 MATTHEW REILEIN CHAIR, DIRECTOR 0.43 X X 0 0 0 MARK SPEARS DIRECTOR, LOAN CHAIR 0.65 X 0 0 0 KATHY THOLIN DIRECTOR, GOVERNANCE CHAIR 0.37 X 0 0 0 JOHN TUOHY DIRECTOR 0.37 X 0 0 0 CHARLES WALLS TREASURER, DIRECTOR 0.55 X X 0 0 0 CALVIN HOLMES PRESIDENT 55.00 X 359687 0 29190 ROBERT TUCKER COO, EVP OF PROGRAMS 50.00 X 245540 0 29614 ANGELA DOWELL CHIEF FINANCIAL OFFICER 50.00 X 226970 0 23690 MAURICE WILLIAMS VP ECON. DEVELOPMENT 50.00 X 184673 0 19107 LYCRECIA PARKS VP PORTFOLIO MGMT. 50.00 X 185324 0 20594 WENDELL HARRIS VP LENDING OPERATIONS 50.00 X 180632 0 20334 JUAN CALIXTO VP EXT. RELATIONS 50.00 X 172220 0 27483 ROBIN SCHABES OPPORTUNITY ZONES CONSORTI 50.00 X 171461 0 19150 1726507 0 189162 13 0 1 0 HARDENWRIGHT CONSULTING GROUP INC 4548 S PRAIRIE CHICAGO IL 60653 TECHNICAL ASSISTANCE AND SPECIAL INITIAT 123030 1 705000 6267236 6972236 NOTE RECEIVABLE INTEREST 522291 5546385 5546385 LOAN CLOSING FEES 522291 540228 540228 FEES FROM COMMUNITY DEVELOPMENT E 522291 94500 94500 SERVICES AND WORKSHOPS 522291 25000 25000 LATE FEES AND OTHER FEES 522291 3703 3703 6209816 426812 426812 2679884 2710941 -31057 -31057 -31057 RECOVERIES ON PREVIOUSLY WRITTEN 900099 977956 977956 977956 14555763 6209816 0 1373711 914691 375572 472804 66315 2353680 1626112 599671 127897 104455 71919 26876 5660 345606 230392 96578 18636 207482 133969 62505 11008 310580 299598 10982 77944 11500 66444 126375 126375 484295 387864 96431 68244 26089 34922 7233 111500 56184 51536 3780 12083 12083 258993 169780 80940 8273 45910 27654 13774 4482 20859 14562 5801 496 2108438 2108438 91177 58693 29634 2850 72684 42274 24118 6292 PASS THROUGH EXPENSE 500000 500000 DUES AND SUBSCRIPTIONS 147417 96504 49318 1595 SPECIAL EVENTS 54272 54272 STAFF DEVELOPMENT 35479 15455 17366 2658 8452164 6378934 1806055 267175 1724 829 36677080 39040465 95558 139600 48922 33366 84834422 103669367 71855 107508 1147120 821756 320552 325364 13889840 13643078 57538 57527 731067 1917285 136728558 158934389 2265425 2321192 18648 18648 289455 289455 9000 9000 92291285 108175445 0 1417982 94873813 112231722 X 34001219 38281858 7853526 8420809 41854745 46702667 136728558 158934389 6103599 -1255677 0 X X 0 1 X 1 1 1 X 3090362 3232048 5267278 10415544 6972236 28977468 3090362 3232048 5267278 10415544 6972236 28977468 13202850 15774618 427156 439446 380504 297661 426812 1971579 90000 90000 31039047 27772276 0.50820 0.61540 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 1816753 510035 624323 1702465 1 X 460888 299163 161725 686232 522593 163639 325364 LEASE LIABILITY 1417982 1417982 X 14106145 -1255677 783628 22431 -449618 14555763 0 14555763 9258223 783628 22431 806059 8452164 0 8452164 PART IV, LINE 1B: IN CONNECTION WITH CHICAGO COMMUNITY LOAN FUND'S (CCLF) BUSINESS PURPOSE OF MAKING COMMUNITY DEVELOPMENT LOANS, CCLF OCCASIONALLY RECEIVES ESCROW FUNDS AT CLOSING FOR TAXES, INSURANCE, AND OTHER FEES. THESE FUNDS ARE NOT HELD AT CCLF, BUT ARE INSTEAD TRANSFERRED TO A BANK ACCOUNT IN THE BORROWER'S NAME AND EIN. CCLF IS LISTED AS AN AGENT ON THE ACCOUNT. THIS PROCESS IS DONE IN ORDER TO ENSURE THAT TAXES, INSURANCE, AND OTHER FEES ARE PAID ON A TIMELY BASIS IN ORDER TO PROTECT CCLF'S COLLATERAL. PLEASE NOTE THAT THE BORROWER'S LOAN AGREEMENT REFLECTS THIS ARRANGEMENT. PART IV, LINE 2B: IN CONNECTION WITH CCLF'S BUSINESS PURPOSE OF MAKING COMMUNITY DEVELOPMENT LOANS, CCLF OCCASIONALLY RECEIVES INTEREST ESCROW FUNDS AT CLOSING. THESE FUNDS ARE HELD IN A CCLF ACCOUNT, AND ARE USED TO PAY A BORROWER'S INTEREST ON A MONTHLY BASIS DURING THE CONSTRUCTION PERIOD. AS THE INTEREST PAYMENTS ARE MADE, THE ESCROW BALANCE IS REDUCED AND THE LOAN PRINCIPAL BALANCE IS INCREASED. PLEASE NOTE THAT THE BORROWER'S LOAN AGREEMENT REFLECTS THIS ARRANGEMENT. PART X, LINE 2: CCLF IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE IRC. IN ADDITION, CCLF QUALIFIES FOR THE CHARITABLE CONTRIBUTION DEDUCTION UNDER SECTION 170(B)(1)(A) AND HAS BEEN CLASSIFIED AS AN ORGANIZATION THAT IS NOT A PRIVATE FOUNDATION. CCLF DETERMINED THAT IT WAS NOT REQUIRED TO RECORD A LIABILITY RELATED TO UNCERTAIN TAX POSITIONS. PART XI, LINE 2D - OTHER ADJUSTMENTS: LOAN LOSS ALLOWANCE 22,431. FUNDRAISING EVENT EXPRENSES REPORTED ON PAGE 9, FORM 990, LINE 8B PART XII, LINE 2D - OTHER ADJUSTMENTS: LOAN LOSS ALLOWANCE 22,431. FUNDRAISING EVENT EXPRENSES REPORTED ON PAGE 9, FORM 990, LINE 8B X X 0 0 0 0 0 0 0 0 0 CALVIN HOLMES PRESIDENT 318889 0 40798 0 0 0 15938 0 13252 0 388877 0 0 0 ROBERT TUCKER COO, EVP OF PROGRAMS 214353 0 31187 0 0 0 12183 0 17431 0 275154 0 0 0 ANGELA DOWELL CHIEF FINANCIAL OFFICER 197042 0 29928 0 0 0 10914 0 12776 0 250660 0 0 0 LYCRECIA PARKS VP PORTFOLIO MGMT. 161403 0 23921 0 0 0 8542 0 12052 0 205918 0 0 0 MAURICE WILLIAMS VP ECON. DEVELOPMENT 163843 0 20830 0 0 0 9512 0 9595 0 203780 0 0 0 WENDELL HARRIS VP LENDING OPERATIONS 158656 0 21976 0 0 0 8282 0 12052 0 200966 0 0 0 JUAN CALIXTO VP EXT. RELATIONS 150126 0 22094 0 0 0 8597 0 18886 0 199703 0 0 0 ROBIN SCHABES OPPORTUNITY ZONES CONSORTI 150050 0 21411 0 0 0 7098 0 12052 0 190611 0 0 0 KATHY THOLIN DIRECTOR INVESTMENT X 5000 5000 0 1 1 EDWARD HOYNES DIRECTOR INVESTMENT X 2500 2500 0 1 1 CALVIN HOLMES PRESIDENT, OFFICER INVESTMENT X 1500 1500 0 1 1 9000 FORM 990, PART VI, SECTION B, LINE 11B THE FINANCE AND AUDIT COMMITTEES ALONG WITH THE PRESIDENT, CHIEF OPERATING OFFICER AND THE CHIEF FINANCIAL OFFICER REVIEWED THE 990. A COPY OF THE 990 WAS PROVIDED TO THE ENTIRE BOARD PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C EACH BOARD MEMBER AND EMPLOYEE RECEIVES THE CONFLICT OF INTEREST POLICY AND VERIFIES THROUGH SIGNATURE THAT THEY HAVE READ, UNDERSTAND AND COMPLY WITH THE POLICY. THEY ARE ENCOURAGED TO REPORT CONFLICTS AS THEY OCCUR. FORM 990, PART VI, SECTION B, LINE 15 THE PRESIDENT RECEIVES A PERFORMANCE AND COMPENSATION REVIEW BY THE EXECUTIVE COMMITTEE WHICH IS SHARED WITH THE FULL BOARD OF DIRECTORS. THE CHIEF FINANCIAL OFFICER RECEIVES AN INFORMAL REVIEW UNDERTAKEN BY THE CHIEF OPERATING OFFICER TO DETERMINE COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S FORMS 1023 AND 990 ARE AVAILABLE UPON REQUEST. FORM 990, PAGE 12, PART XII, LINE 2C THERE WAS NO CHANGE IN THE CURRENT YEAR AND THE AUDIT AND FINANCE COMMITTEE CONTINUES TO REVIEW AND APPROVE THE AUDITED FINANCIAL STATEMENTS OF THE ORGANIZATION AND THE SELECTION OF AN INDEPENDENT ACCOUNTANT. CCLF NMTC NFP 29 E MADISON STE 1700 CHICAGO IL 60602 474548462 FACILITATE DISTRIBUTIONS TO QUALIFIED EXEMPT ORGANIZATIONS IL CHICAGO COMMUNITY LOAN FUND CCLF SUB-CDE 1 LLC 29 E MADISON STE 1700 CHICAGO IL 60602 364814027 COMMUNITY DEVELOPMENT PROJECT LOANS IL CHICAGO COMMUNITY LOAN FUND RELATED 3 484 0 1 0.00010 CCLF SUB-CDE 2 LLC 29 E MADISON STE 1700 CHICAGO IL 60602 364814082 COMMUNITY DEVELOPMENT PROJECT LOANS IL CHICAGO COMMUNITY LOAN FUND RELATED 1 487 0 1 0.00010 CCLF SUB-CDE 5 LLC 29 E MADISON STE 1700 CHICAGO IL 60602 611914855 COMMUNITY DEVELOPMENT PROJECT LOANS IL CHICAGO COMMUNITY LOAN FUND RELATED 454 0 1 0.00010 CCLF SUB-CDE 3 LLC 29 E MADISON STE 1700 CHICAGO IL 60602 383975414 COMMUNITY DEVELOPMENT PROJECT LOANS IL CHICAGO COMMUNITY LOAN FUND C 2 502 0.00010 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0