Overview
What is San Francisco Community Investment Fund?
The San Francisco Community Investment Fund is a certified Community Development Entity (CDE) situated in San Francisco, California. Their primary purpose is to contribute to the city's economic development programs by promoting industries and commerce in low-income areas. They achieve this by generating private investment capital through the New Markets Tax Credit (NMTC) program. The organization provides loans for investment in low-income communities or low-income individuals, as defined by the regulations governing the NMTC program. Their mission is to serve and uplift low-income communities or individuals by offering investment capital, thereby targeting economically distressed communities within the city.
Official website here: www.sfcif.org
Is San Francisco Community Investment Fund legitimate?
San Francisco Community Investment Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. San Francisco Community Investment Fund submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
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Official website here: www.sfcif.org
What is the mission statement of San Francisco Community Investment Fund?
The San Francisco Community Investment Fund's mission is centered around aiding in the execution of economic development programs within the city. They accomplish this by promoting the growth, establishment, or expansion of industries and commerce in low-income areas. This is achieved through the New Markets Tax Credit (NMTC) program, which generates private investment capital. The organization provides loans for investment in low-income communities or individuals, as defined by the regulations governing the NMTC program. Their primary objective is to serve low-income communities or individuals by offering investment capital. The activities of the San Francisco Community Investment Fund are focused on revitalizing economically distressed communities within the city.
Official website here: www.sfcif.org
Who is the CEO of San Francisco Community Investment Fund?
Eric Shaw is the President of San Francisco Community Investment Fund.
Official website here: www.sfcif.org
What is the revenue of San Francisco Community Investment Fund?
San Francisco Community Investment Fund's revenue in 2022 was $426,862.
Official website here: www.sfcif.org
Who are the executives of San Francisco Community Investment Fund and what are their salaries?
Here are 5 key members and their salaries:
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Official website here: www.sfcif.org
Where can I find the form 990 for San Francisco Community Investment Fund?
San Francisco Community Investment Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.sfcif.org
Learn more at the official website: www.sfcif.org
Mission Statement of San Francisco Community Investment Fund
San Francisco Community Investment Fund, as an organization, is dedicated to aiding in the execution of the city's economic development programs and objectives. Its primary mission is to serve low-income communities or individuals by generating private investment capital through the New Markets Tax Credit (NMTC) program. This program allows the fund to make loans available for investment in low-income communities or low-income persons, as defined by the laws and regulations governing the NMTC program. The corporation's activities are focused on economically distressed communities within the city, with the aim of promoting the development, establishment, or expansion of industries and commerce in these areas. By providing investment capital, San Francisco Community Investment Fund seeks to contribute to the economic growth and development of low-income communities and individuals.
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Impact
October, 2024
The San Francisco Community Investment Fund (SFCIF) plays a crucial role in promoting economic development, particularly in low-income areas within the city. Its primary focus is to generate private investment capital through the New Markets Tax Credit (NMTC) program, which enables targeted financial support aimed at fostering the establishment and expansion of industries and commerce in economically distressed communities.
By making loans available, SFCIF directly invests in low-income communities and individuals defined by the regulations governing the NMTC program. This strategic approach not only helps to invigorate local economies but also ensures that residents have access to essential resources that can improve their living conditions and opportunities. Through its certified status as a Community Development Entity (CDE), SFCIF can effectively allocate tax credits and capitalize on various investment avenues to maximize impact in the communities it serves.
Overall, SFCIF's efforts contribute to building a more equitable economic landscape in San Francisco, empowering low-income individuals and communities by facilitating essential investments and fostering sustainable growth.
This information is meant to be a general summary of San Francisco Community Investment Fund. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $172
- Program Service Revenue: $426,690
- Gross Receipts: $426,862
Assets and Liabilities:
- Total Assets: $3,259,722
- Total Liabilities: $222,198
- Net Assets: $3,037,524
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ASSET MANAGEMENT FEE I
Revenue
$417,867
REIMBURSEMENT INCOME
Revenue
$6,180
CAAP INTEREST EARNINGS
Revenue
$2,030
GAIN ON DISSOLUTION
Revenue
$613
Organization Details
Founding Year
2010
Phone
(415) 554-6240Principal Officer
Eric Shaw
Main Address
1 DR CARLTON B GOODLETT PL 448, SAN FRANCISCO, CA, 94102
Website
www.sfcif.orgNTEE Category
Code: L20 - Housing
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