Overview
What is Neighborhood Impact Investment Fund Inc?
Neighborhood Impact Investment Fund Inc, based in Baltimore, Maryland, is a mission-driven nonprofit organization. Established with long-term financial support from the city, its primary objective is to deliver capital and promote equitable growth in historically disinvested neighborhoods within Baltimore. The fund operates independently, aligning with the city's neighborhood focus and community development goals. By providing loans and investments, NIIF aims to catalyze business activity, accelerate community revitalization, and create greater opportunities for residents, thereby contributing to inclusive growth in Baltimore's underserved areas. The organization, with a small team of eight employees, plays an essential role in revitalizing and empowering communities in need.
Official website here: www.baltimoreniif.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 85% (Three-Star out of Four Star rating)
The Neighborhood Impact Investment Fund Inc has received a commendable Three-Star rating from Charity Navigator, reflecting an overall score of 85%. This rating is based entirely on the Accountability & Finance beacon, indicating a strong commitment to financial transparency and governance. Their high scores in key areas such as independent board membership and oversight show a robust organizational structure and ethical management practices.
The organization has demonstrated excellent financial health, with a program expense ratio of 77.26%, meaning a significant portion of their funds is directed towards their mission. Their working capital ratio of 3.66 years also suggests a solid financial footing, providing assurance that they can sustain operations and programmatic efforts over the long term. The presence of comprehensive policies, including conflict of interest and whistleblower protections, further enhances their accountability to stakeholders.
While the ratings are strong, potential donors may want to consider the lack of additional metrics beyond the Accountability & Finance score to understand the organization's impact and effectiveness fully. However, the financial management practices noted indicate that the Neighborhood Impact Investment Fund Inc is well-positioned to continue its work in the community.
This AI summary has been generated from information found on Charity Navigator.
Is Neighborhood Impact Investment Fund Inc legitimate?
Neighborhood Impact Investment Fund Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Neighborhood Impact Investment Fund Inc 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: $496,673
Professional Fundraising Fees: $0
Other Salaries and Wages: $298,863
For more financial information, click here
Official website here: www.baltimoreniif.org
What is the mission statement of Neighborhood Impact Investment Fund Inc?
The Neighborhood Impact Investment Fund Inc, a mission-driven investment fund, is dedicated to delivering capital and promoting equitable growth in historically disinvested neighborhoods. As a non-profit organization, its primary goal is to accelerate community revitalization, catalyze business activity, and provide greater opportunities for residents in these underserved areas. Initially capitalized with a long-term, subordinate loan from the City of Baltimore, the Fund operates independently, aligning its activities with the city's neighborhood focus and community development goals. By offering loans and investments, Neighborhood Impact Investment Fund Inc aims to contribute to the overall improvement and development of these neighborhoods.
Official website here: www.baltimoreniif.org
Who is the CEO of Neighborhood Impact Investment Fund Inc?
Mark Kaufman is the CEO of Neighborhood Impact Investment Fund Inc The CEO's salary of Neighborhood Impact Investment Fund Inc is $170,025 and their total compensation is $176,179.
Official website here: www.baltimoreniif.org
What is the revenue of Neighborhood Impact Investment Fund Inc?
Neighborhood Impact Investment Fund Inc's revenue in 2024 was $10,363,482.
Official website here: www.baltimoreniif.org
Who are the executives of Neighborhood Impact Investment Fund Inc and what are their salaries?
The average compensation at Neighborhood Impact Investment Fund Inc during 2024 was $113,648. There are 7 employees and 14 volunteers at Neighborhood Impact Investment Fund Inc.
Here are 21 key members and their salaries (Neighborhood Impact Investment Fund Inc's CEO's salary is $170,025 and their total compensation is $176,179):
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- Compensation: $170,025
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- Other: $6,154
- Compensation: $53,505
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- Compensation: $124,200
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- Other: $4,179
- Compensation: $121,201
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- Other: $17,409
Official website here: www.baltimoreniif.org
Where can I find the form 990 for Neighborhood Impact Investment Fund Inc?
Neighborhood Impact Investment Fund Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.baltimoreniif.org
Learn more at the official website: www.baltimoreniif.org
Mission Statement of Neighborhood Impact Investment Fund Inc
Neighborhood Impact Investment Fund Inc, a mission-driven investment fund, is dedicated to delivering capital and promoting inclusive, equitable growth in historically disinvested neighborhoods. Established as a non-profit organization, Neighborhood Impact Investment Fund Inc works in alignment with the city's neighborhood focus and community development goals. It was initially capitalized with a long-term, subordinate loan from the City of Baltimore and operates independently, providing capital to accelerate community revitalization, stimulate business activity, and offer greater opportunities for residents in these underserved areas.
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Impact
July, 2024
Neighborhood Impact Investment Fund Inc delivers capital and promotes equitable growth in Baltimore's disinvested neighborhoods. The organization supports communities through loans and investments that accelerate community revitalization, catalyze business activity, and provide greater opportunities for residents. Their mission is to deliver capital and promote inclusive, equitable growth in Baltimore's historically disinvested neighborhoods.
This information is meant to be a general summary of Neighborhood Impact Investment Fund Inc. 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 2024.
- Investment Income: $1,084,483
- Program Service Revenue: $1,275,961
- Gross Receipts: $10,363,482
Assets and Liabilities:
- Total Assets: $57,985,292
- Total Liabilities: $51,768,703
- Net Assets: $6,216,589
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INTEREST INCOME ON LOA
Revenue
$1,078,115
LOAN INCOME AND OTHER
Revenue
$197,846
Organization Details
Founding Year
2018
Principal Officer
Mark Kaufman
Website
www.baltimoreniif.orgNTEE Category
Code: S31 - Community improvement
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