Overview
What is Iff?
IFF, situated in Chicago, Illinois, is a nonprofit organization dedicated to community development. With expertise in finance, real estate planning, and development, IFF collaborates with local and state governments, nonprofits, foundations, and other community groups to assess community needs and guide stakeholders in prioritizing investments. IFF's work encompasses a range of sectors including housing, human services, education, healthcare, investments, and job environments. By providing leadership, capital, and real estate solutions, IFF aims to strengthen nonprofits and the communities they serve in an inclusive, anti-racist, and anti-oppressive manner. IFF's work includes developing community-integrated housing for low-income disabled adults, redeveloping foreclosed properties, and initiating and coordinating real estate projects that respond to community needs, create jobs, and transform under-resourced communities in the Midwest. IFF employs a team of 163 individuals.
Official website here: www.iff.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79% (Three-Star out of Four Stars)
Iff has received a solid Three-Star rating from Charity Navigator, reflecting a commendable level of accountability and financial management. The organization boasts a high percentage of independent board members, ensuring robust governance practices. Additionally, it shows no material diversion of assets and effectively maintains its financial oversight with a strong audit and oversight committee in place.
The nonprofit demonstrates a remarkable commitment to programmatic spending, with an impressive program expense ratio of 95.33%. This indicates that a significant portion of its funds is directed towards fulfilling its mission rather than administrative costs. Further, Iff's adherence to transparency is evident through its comprehensive policies regarding conflict of interest, whistleblower protections, and document retention.
However, while the financial health indicators are strong, the rating suggests there may be areas for improvement in outreach and public engagement to enhance community awareness of its initiatives. Overall, Iff stands out for its effective governance and financial integrity, making it a reliable choice for donors seeking to support impactful nonprofit work.
This AI summary has been generated from information found on Charity Navigator.
Is Iff legitimate?
Iff is a legitimate nonprofit organization registered as a 501(c)(3) entity. Iff 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $1,309,619
Professional Fundraising Fees: $0
Other Salaries and Wages: $13,758,917
For more financial information, click here
Official website here: www.iff.org
What is the mission statement of Iff?
Iff is a mission-driven organization dedicated to advancing equitable and transformative outcomes in under-resourced communities. Guided by a commitment to inclusivity and anti-racism, IFF provides leadership, capital, and real estate solutions to strengthen nonprofits and the communities they serve. Their leadership role encompasses research, policy, sector work, and convening. The capital solutions offered include various financial products such as loans, New Markets Tax Credits, equity, and Pay for Success. IFF also provides real estate solutions through consultant services, development, and ownership.
Official website here: www.iff.org
Who is the CEO of Iff?
Joe Neri is the CEO of Iff The CEO's salary of Iff is $359,350 and their total compensation is $378,017.
Official website here: www.iff.org
What is the revenue of Iff?
Iff's revenue in 2023 was $102,836,770.
Official website here: www.iff.org
Who are the executives of Iff and what are their salaries?
The average compensation at Iff during 2023 was $87,101. There are 173 employees and 57 volunteers at Iff.
Here are 25 key members and their salaries (Iff's CEO's salary is $359,350 and their total compensation is $378,017):
- Compensation: $359,350
- Related: $0
- Other: $18,667
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $307,694
- Related: $0
- Other: $27,484
- Compensation: $262,651
- Related: $0
- Other: $54,159
- Compensation: $250,131
- Related: $0
- Other: $30,042
- Compensation: $221,366
- Related: $0
- Other: $16,855
- Compensation: $260,692
- Related: $0
- Other: $45,890
- Compensation: $243,284
- Related: $0
- Other: $27,037
- Compensation: $200,234
- Related: $0
- Other: $13,705
- Compensation: $197,196
- Related: $0
- Other: $14,397
Official website here: www.iff.org
Where can I find the form 990 for Iff?
Iff's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.iff.org
Learn more at the official website: www.iff.org
Mission Statement of Iff
IFF, an inclusive and anti-racist institution, is dedicated to advancing equitable and transformational outcomes in under-resourced communities. Guided by a commitment to honor communities as experts in their own stories, IFF leverages its knowledge, capital, and resources to strengthen nonprofits and the communities they serve.
IFF's mission is multifaceted. It begins with leadership, reflecting the organization's role in research, policy, sector work, and convening. IFF's leadership initiatives aim to bring about positive change and foster collaboration among various stakeholders. Through its research and policy work, IFF shapes the narrative around community development and sets the stage for innovative solutions. Sector work and convening events provide opportunities for knowledge sharing, capacity building, and networking among nonprofits and community leaders.
Furthermore, IFF's mission encompasses capital solutions. The organization offers a range of financial products, including loans, New Markets Tax Credits, equity, and Pay for Success, which enable nonprofits and communities to access the resources they need to thrive. These financial solutions can be instrumental in bringing about sustainable change and addressing the root causes of systemic issues.
Lastly, IFF's mission includes real estate solutions. The organization provides consultant services, development, and ownership to help nonprofits and communities navigate the complex world of real estate. These services can be crucial in ensuring that nonprofits have access to suitable and affordable space, which is often a significant challenge in under-resourced communities. By providing comprehensive solutions in the areas of leadership, capital, and real estate, IFF empowers nonprofits to create lasting, positive change in their communities.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
Iff's impact is substantial in advancing equitable and transformational outcomes in under-resourced communities. By leveraging knowledge, capital, and resources, it employs a comprehensive approach to community development that prioritizes inclusivity and equity.
Through its expertise in finance, real estate planning, and development, Iff strengthens nonprofits and the communities they serve. It collaborates with local and state governments, nonprofit agencies, foundations, and community groups to assess community conditions and identify gaps in essential services. This analysis encompasses various sectors, including housing, health care, education, and employment, allowing stakeholders to make informed decisions and prioritize investments.
One of Iff's key strategies involves developing partnerships among diverse stakeholders, facilitating collaboration that results in meaningful change. Additionally, Iff initiates and manages real estate projects tailored to community needs, transforming low-income areas by creating jobs and providing affordable housing options. For instance, by acquiring and redeveloping foreclosed properties in accessible locations, it enhances community integration for low-income individuals.
Overall, Iff's multifaceted approach not only addresses immediate community needs but also empowers residents by recognizing them as experts in their own stories. Its work has a lasting impact in improving health, education, and economic opportunities, fostering resilient and resourceful communities in the Midwest.
This information is meant to be a general summary of Iff. 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 2023.
- Investment Income: $1,557,195
- Program Service Revenue: $35,707,302
- Gross Receipts: $102,839,634
Assets and Liabilities:
- Total Assets: $568,632,430
- Total Liabilities: $423,312,836
- Net Assets: $145,319,594
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Interest on Loans
Revenue
$27,583,644
Consulting Contract Fees
Revenue
$3,905,334
Rental Income
Revenue
$2,117,137
Management Fees
Revenue
$1,018,908
Syndication Fees
Revenue
$502,750
Organization Details
Founding Year
1988
Principal Officer
Joe Neri
Website
www.iff.orgNTEE Category
Code: S500 - Community improvement
If you are a representative of Iff and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.