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The Chicago Community Loan Fund
The Chicago Community Loan Fund reported $32.7 million in revenue and $23.4 million in expenses for calendar year 2025. Of every $100 it spent, $87.11 went to program services, $11.41 to management and general costs and $1.48 to fundraising. Its largest source of revenue was contributions and grants: 66.2% of the total. The highest compensation it reported for one person was $1,040,297 (PRESIDENT UNTIL JANUARY 2025). 16 people received more than $100,000 in reportable compensation. Revenue rose 270% between 2019 and 2025. Source: Form 990, 2025.
Where $100 of spending went
Calendar year 2025 · Form 990, Part IX, line 25 · total expenses $23MFor context, the median across 479 covered community improvement & capacity building charities: $90.45 programs, $9.31 management, $0.24 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
Calendar year 2025 · Form 990, Part VIII · total revenue $33MThe 990 scorecard · same measures for every charity, no grades
| Measure | 2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 87.1% | 89.1% |
| Management & general Part IX 25(C) ÷ 25(A) | 11.4% | 9.2% |
| Fundraising Part IX 25(D) ÷ 25(A) | 1.5% | 0.2% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.02 | $0.00 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 66.2% | 80.1% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.5% | 14.9% |
| Program service revenue share Part VIII 2g ÷ 12 | 29.1% | 11.9% |
| Highest reported compensation Part VII-A, columns D–F | $1,040,297 | $291,103 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 4.44% | 1.49% |
| People paid over $100,000 Part VII, line 2 | 16 | 5 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 36.1 | 9.2 |
| Independent voting board members Part VI 1a–1b | 22 of 22 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
2025 · Form 990, Part III · the three largest programs by expenseLending - 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
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
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 2017 - 2020 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
Highest reported compensation
2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| PRESIDENT UNTIL JANUARY 2025 Officer, 55.00 hrs/week | $1,040,249 | $0 | $48 | $1,040,297 |
| PRESIDENT Officer, 50.00 hrs/week | $362,146 | $0 | $43,823 | $405,969 |
| CHIEF FINANCIAL & ADMINISTRATIVE OFFICER Officer, 50.00 hrs/week | $273,833 | $0 | $40,143 | $313,976 |
| CHIEF RISK OFFICER & VP PO Highest compensated employee, 50.00 hrs/week | $254,414 | $0 | $30,182 | $284,596 |
| EVP LENDING OPERATIONS Highest compensated employee, 50.00 hrs/week | $239,739 | $0 | $30,091 | $269,830 |
| EVP OF EXT. RELATIONS Highest compensated employee, 50.00 hrs/week | $216,596 | $0 | $41,027 | $257,623 |
| VP ECON. DEVELOPMENT Highest compensated employee, 50.00 hrs/week | $171,522 | $0 | $39,227 | $210,749 |
| OPPORTUNITY ZONES CONSORTI Highest compensated employee, 50.00 hrs/week | $173,002 | $0 | $27,665 | $200,667 |
16 people received more than $100,000 in reportable compensation from The Chicago Community Loan Fund (Part VII, line 2). Compensation of current officers, directors and key employees totaled $1.8M (Part IX, line 5).
7 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b22 · 22 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26Yes
- Lobbying, or a 501(h) election in effect Part IV 4No
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 529
- Volunteers Part I, line 622
Largest outside contractors
2025 · Form 990, Part VII, Section B · businesses only| JLJ MANAGEMENT LLC Chicago rebuild workforce development | $236,914 |
| XL NET POD It services | $153,674 |
| BRIXTON BLOKE LLC Rebuild forfeiture study | $118,773 |
| JOHN M GROENE Rebuild forfeiture study | $109,909 |
| HARDENWRIGHT CONSULTING GROUP INC Chicago rebuild workforce development | $100,295 |
Individuals listed as contractors are left out. 5 contractors were paid more than $100,000 in all.
Private foundation grants it received
4 private foundations reported grants to The Chicago Community Loan Fund totaling $252K on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from The Chicago Community Loan Fund's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for The Chicago Community Loan Fund, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 The Chicago Community Loan Fund spent in 2025, $87.11 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- Invest Detroit FoundationDetroit, MI · revenue $32M · programs 77.6% · 2024
- New ProfitBoston, MA · revenue $33M · programs 80.9% · 2025
- American Society of Heating Refrigerating and A-C EngineersPeachtree Corners, GA · revenue $32M · programs 69.4% · FY2025
- Tri-Valley Opportunity CouncilCrookston, MN · revenue $33M · programs 94.1% · 2024
- Albina Vision TrustPortland, OR · revenue $32M · programs 52.4% · 2024
All community improvement & capacity building charities · Largest charities in Illinois
Questions people ask
How much of The Chicago Community Loan Fund's spending goes to programs?
In calendar year 2025, The Chicago Community Loan Fund reported that 87.1% of its $23.4 million in expenses went to program services, 11.4% to management and general and 1.5% to fundraising (Form 990, Part IX).
How much does The Chicago Community Loan Fund pay its top executive?
The largest total compensation The Chicago Community Loan Fund reported for one person in calendar year 2025 was $1,040,297, for the role of PRESIDENT UNTIL JANUARY 2025 (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does The Chicago Community Loan Fund get its money?
Of $32.7 million in revenue in calendar year 2025, 66.2% came from contributions and grants (including 0.5% from government grants) and 29.1% from program service revenue (Form 990, Part VIII).
Is The Chicago Community Loan Fund a registered charity?
The IRS lists EIN 36-3762123 as a 501(c)(3) organization (publicly supported organization (170(b)(1)(a)(vi))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024, 2025. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- 2025: Form 990 for calendar year 2025, object 202602249349302150 · read the filing
- 2024: Form 990 for calendar year 2024, object 202512459349300726 · read the filing
- 2023: Form 990 for calendar year 2023, object 202402789349301670 · read the filing
- 2022: Form 990 for calendar year 2022, object 202333009349301868 · read the filing
- 2021: Form 990 for calendar year 2021, object 202202869349301555 · read the filing
- 2020: Form 990 for calendar year 2020, object 202122389349301407 · read the filing
- 2019: Form 990 for calendar year 2019, object 202002419349300620 · read the filing
All filings for EIN 36-3762123: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.