GOLD2022

Nonprofit Finance Fund

Where Money Meets Mission

aka NFF   |   New York, NY   |  www.nff.org

Mission

Nonprofit Finance Fund®️ (NFF®️) is a nonprofit lender, consultant, and advocate. For more than 40 years, we’ve worked to strengthen nonprofit organizations and improve the way money flows to social good. We believe that alongside others we must build a more equitable and just social sector, and are committed to helping community-centered organizations led by and serving people of color access the money and resources they need to realize their communities’ aspirations.

Ruling year info

1985

CEO

Aisha Benson

Main address

5 Hanover Square 9th Floor

New York, NY 10004 USA

Show more contact info

EIN

13-3238657

NTEE code info

Community, Neighborhood Development, Improvement (S20)

Single Organization Support (S11)

Management & Technical Assistance (S02)

IRS filing requirement

This organization is required to file an IRS Form 990 or 990-EZ.

Sign in or create an account to view Form(s) 990 for 2020, 2019 and 2018.
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Communication

Blog

Programs and results

What we aim to solve

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Our programs

SOURCE: Self-reported by organization

What are the organization's current programs, how do they measure success, and who do the programs serve?

Loans & Financing

NFF is a Community Development Financial Institution (CDFI) that provides loans to help nonprofits and social enterprises expand opportunities in their communities. With over 40 years of experience, our products have kept pace with the real-time needs of organizations that are contributing to the wellbeing and resilience of communities across the US. Our customized financing strengthens mission-driven organizations, with 50%+ of our lending going to nonprofits led by people of color.

We offer:

• Loans for facilities acquisition, construction, and improvements – because a building can be a critical component of mission success
• Loans and lines of credit to manage daily operations
• Bridge loans to help manage cash flow while waiting for money due from governments, foundations, or donors
• Growth capital to invest in infrastructure, upgrade systems, or finance future growth
• New Markets Tax Credits: federal program that attracts private capital into low-income communities

Population(s) Served
Adults

NFF consultants help nonprofits and funders connect money to mission and community impact.

We equip social-sector leaders to make financial decisions that best serve their missions, with 50%+ of our consulting services dedicated to nonprofits led by people of color.

Through one-on-one engagement, workshops, partnerships, and cross-sector initiatives, our clients are better able to:

• Connect mission, program goals, and results to financial strategy
• Budget and advocate for what it really costs to deliver on mission
• Fully understand their existing and potential business models
• Plan for varied financial and operational scenarios
• Engage and facilitate funding that promotes equity
• Confidently share their financial story with stakeholders and supporters

Population(s) Served
Adults

Where we work

Financials

Nonprofit Finance Fund
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Operations

The people, governance practices, and partners that make the organization tick.

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Connect with nonprofit leaders

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lock

Connect with nonprofit leaders

Subscribe

Build relationships with key people who manage and lead nonprofit organizations with GuideStar Pro. Try a low commitment monthly plan today.

  • Analyze a variety of pre-calculated financial metrics
  • Access beautifully interactive analysis and comparison tools
  • Compare nonprofit financials to similar organizations

Want to see how you can enhance your nonprofit research and unlock more insights? Learn More about GuideStar Pro.

Nonprofit Finance Fund

Board of directors
as of 10/06/2022
SOURCE: Self-reported by organization
Board chair

Henry Ramos

Mauer Kunst Consulting

Aisha Benson

Nonprofit Finance Fund

Stephen DeBerry

Bronze Investments

John Taylor

Development Capital Partners LLC; Tierney Management, LLC

Dr. Phillip Clay

Massachusetts Institute of Technology

Georgette Wong

Mauer Kunst Consulting

Jennifer Anglade

Brooklyn Academy of Music

Rodney Foxworth

Common Future

Chris Iglesias

The Unity Council

Nike Irvin

ZWN, Inc

Rob McKay

McKay Family Foundation

Lisa Williams

Goldman Sachs

Berit Ashla

Fremont Group

Kristina Dixon

Los Angeles Homeless Services Authority

Ivy Draughan

Loyola Law School

Allyn Maxfield-Steele

Highlander Research & Education Center

Board leadership practices

SOURCE: Self-reported by organization

GuideStar worked with BoardSource, the national leader in nonprofit board leadership and governance, to create this section.

  • Board orientation and education
    Does the board conduct a formal orientation for new board members and require all board members to sign a written agreement regarding their roles, responsibilities, and expectations? Yes
  • CEO oversight
    Has the board conducted a formal, written assessment of the chief executive within the past year ? Yes
  • Ethics and transparency
    Have the board and senior staff reviewed the conflict-of-interest policy and completed and signed disclosure statements in the past year? Yes
  • Board composition
    Does the board ensure an inclusive board member recruitment process that results in diversity of thought and leadership? Yes
  • Board performance
    Has the board conducted a formal, written self-assessment of its performance within the past three years? No

Organizational demographics

SOURCE: Self-reported; last updated 10/6/2022
info Candid has made improvements to the race and ethnicity options.

Who works and leads organizations that serve our diverse communities? Candid partnered with CHANGE Philanthropy on this demographic section.

Leadership

The organization's leader identifies as:

Race & ethnicity
Black/African American
Gender identity
Female, Not transgender (cisgender)
Sexual orientation
Heterosexual or straight
Disability status
Person without a disability

Race & ethnicity

Gender identity

 

Sexual orientation

No data

Disability

No data