2024-10-04T16:23:28-05:00 2023-12-31 410746749 CLIFTONLARSONALLEN LLP 2021 SPRING ROAD SUITE 200 OAK BROOK IL 60523 990 2023-01-01 363762123 THE CHICAGO COMMUNITY LOAN FUND CHIC 3122520440 29 E MADISON 1700 CHICAGO IL 60602 CHARLES S WALLS TREASURER 3122520440 2024-09-24 1 1 JAMES R THOMAS P00095586 6305738600 2024-09-24 2023 2024-10-15 13:58:12Z CALVIN L HOLMES 29 E MADISON STE 1700 CHICAGO IL 60602 18309650 0 X WWW.CCLFCHICAGO.ORG X 1991 IL PROVIDE LOW-COST COMMUNITY DEVELOPMENT PROJECT LOANS 22 22 29 22 0 0 6972236 6842945 6209816 7524877 395755 1297587 977956 0 14555763 15665409 0 0 0 0 3925914 4484140 0 0 432043 4526250 5743387 8452164 10227527 6103599 5437882 158934389 179995748 112231722 127440302 46702667 52555446 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 6549445 7519999 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. 506077 4878 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. 596521 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. 7652043 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 25 0 29 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 ERIK HALL CHAIR 0.73 X X 0 0 0 SONYA MALUNDA VICE CHAIR 0.37 X X 0 0 0 CHARLES WALLS TREASURER 0.51 X X 0 0 0 AILISA HERRERA SECRETARY 1.04 X X 0 0 0 PATRICIA MCCREARY CANNON ASSISTANT SECRETARY 0.66 X X 0 0 0 KEVIN GOLDSMITH ASSISTANT SECRETARY 0.37 X X 0 0 0 JODY ADLER DIRECTOR 0.63 X 0 0 0 JEFF ALLEN DIRECTOR 0.65 X 0 0 0 MOHAMMED ELAHI DIRECTOR 0.57 X 0 0 0 DR AMARA ENYIA DIRECTOR 0.27 X 0 0 0 THOMAS FITZGIBBON DIRECTOR 0.49 X 0 0 0 STEPHANIE GREEN DIRECTOR 0.73 X 0 0 0 JENNIFER GUZMAN DIRECTOR 0.56 X 0 0 0 RICHARD GUZMAN DIRECTOR 0.27 X 0 0 0 EDWARD HOYNES DIRECTOR 0.41 X 0 0 0 ANDREW HUGGER DIRECTOR 0.27 X 0 0 0 ANGELA HURLOCK DIRECTOR 0.27 X 0 0 0 ERIC PHILLIPS DIRECTOR 0.27 X 0 0 0 MATTHEW REILEIN DIRECTOR 0.70 X 0 0 0 MARK SPEARS DIRECTOR 0.94 X 0 0 0 KATHY THOLIN DIRECTOR 0.35 X 0 0 0 JOHN TUOHY DIRECTOR 0.35 X 0 0 0 ROBERT TUCKER INTERIM PRESIDENT AND COO 50.00 X 329787 0 329787 ANGELA DOWELL CHIEF FINANCIAL OFFICER 50.00 X 223565 0 223565 CALVIN HOLMES PRESIDENT 55.00 X 301163 0 301162 LYCRECIA PARKS CHIEF RISK OFFICER & VP PORTFOLIO MGMT. 50.00 X 208710 0 208709 WENDELL HARRIS VP LENDING OPERATIONS 50.00 X 199312 0 199312 MAURICE WILLIAMS VP ECON. DEVELOPMENT 50.00 X 183097 0 183097 JUAN CALIXTO VP EXT. RELATIONS 50.00 X 167548 0 167548 ROBIN SCHABES OPPORTUNITY ZONES CONSORTI 50.00 X 164440 0 164440 1777622 0 1777620 14 0 1 0 JLJ MANAGEMENT LLC 1047 BOHLAND AVE UNIT 1A BELLWOOD IL 60104 CARPENTRY APPRENTICE PROGRAM- REBUILD 150697 1 5400800 1442145 6842945 NOTE RECEIVABLE INTEREST 522291 6715196 6715196 LOAN CLOSING FEES 522291 711414 711414 FEES FROM COMMUNITY DEVELOPMENT E 522291 93389 93389 LATE FEES AND OTHER FEES 522291 4878 4878 7524877 1290874 1290874 2650954 2644241 6713 6713 6713 15665409 7524877 0 1297587 960598 394422 496533 69643 2685456 1798955 717149 169352 126649 86741 33015 6893 474853 265968 171734 37151 236584 152760 71272 12552 95608 92227 3381 86252 12726 73526 131144 131144 473549 383955 89594 108949 18208 58161 32580 98698 50219 46044 2435 102591 102591 281156 184253 87510 9393 59168 40844 16664 1660 24248 13042 11206 2349749 2349749 86754 55847 28196 2711 76507 40578 28675 7254 CREDIT LOSS ALLOWANCE 1438265 1438265 DUES AND SUBSCRIPTIONS 180684 126560 51428 2696 STAFF DEVELOPMENT 75065 15580 56762 2723 PASS THROUGH EXPENSE 75000 75000 10227527 7652043 2143441 432043 829 0 39040465 40448910 139600 337286 33366 47949 103669367 122445498 107508 174218 1143260 894288 325364 248972 13643078 14414231 57527 56584 1917285 1822100 158934389 179995748 2321192 2533262 18648 5008428 289455 818273 9000 9000 108175445 117847366 1417982 1223973 112231722 127440302 X 38281858 44173897 8420809 8381549 46702667 52555446 158934389 179995748 5437882 414897 0 X X 0 1 X 1 1 1 X 3232048 5267278 10415544 6972236 6842945 32730051 3232048 5267278 10415544 6972236 6842945 32730051 16463259 16266792 439446 380504 297661 426812 1290874 2835297 90000 90000 35655348 30797052 0.45620 0.50820 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 1702465 1500848 881831 2321482 1 X 460888 325277 135611 682372 569011 113361 248972 LEASE LIABILITY 1223973 1223973 X 17052526 414897 972220 1387117 15665409 0 15665409 11199747 972220 972220 10227527 0 10227527 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. X X 0 0 0 0 0 0 0 0 0 ROBERT TUCKER INTERIM PRESIDENT AND COO 285937 0 43850 0 0 0 18659 0 18329 0 366775 0 0 0 CALVIN HOLMES PRESIDENT 262115 0 39048 0 0 0 13632 0 14663 0 329458 0 0 0 ANGELA DOWELL CHIEF FINANCIAL OFFICER 192737 0 30828 0 0 0 12767 0 28033 0 264365 0 0 0 LYCRECIA PARKS CHIEF RISK OFFICER & VP PORTFOLIO MG 183504 0 25206 0 0 0 11179 0 13815 0 233704 0 0 0 WENDELL HARRIS VP LENDING OPERATIONS 175580 0 23732 0 0 0 10565 0 13887 0 223764 0 0 0 MAURICE WILLIAMS VP ECON. DEVELOPMENT 163490 0 19607 0 0 0 10274 0 10871 0 204242 0 0 0 JUAN CALIXTO VP EXT. RELATIONS 145627 0 21921 0 0 0 9810 0 22553 0 199911 0 0 0 ROBIN SCHABES OPPORTUNITY ZONES CONSORTI 143197 0 21243 0 0 0 9507 0 14273 0 188220 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 4 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 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 3 502 0.00010 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0