National Community Investment Fund Irrv TR
Revenue
$8.2m
year to 31 December 2024
Expenses
$6.9m
year to 31 December 2024
Total assets
$79.2m
$42.8m liabilities
Net assets
$36.5m
assets less liabilities
Directors and trustees
6
5.1 years on average
Staff
0
employees, year to 31 December 2024
Chair observed
≥3 yrs
Victor Elmore
Left since last filing
0
no seats appear to have opened
National Community Investment Fund Irrv TR's network
6 people2 organisationsi6 people and 2 organisations on this map.The large node is the subject of this page. Solid lines are what the register itself records (6). Violet dotted lines (7) are likely: the same full name sits on the current board of another organisation in the same register and region. Form 990 filings give names without a person identifier; SEC insider filings carry a CIK. It may be a different person.The board
6 listediTime on the board is observed from the annual filings: the IRS files no appointment date, so the bar counts years from the first filing the person appears on - a lower bound, not a filed start date. Names are exactly as filed. The IRS publishes no person identifier, so this edition does not yet link a person across organisations in the tables. The network map shows same-name matches as likely links only, never as confirmed.Time served and departures are observed across annual filings. Observed time served is a lower bound - a member may have joined before the first year on record. The organisation reported 6 voting members of its governing body on its latest Form 990 Part VI, which matches the board listed here.| Name | Role as filed | Since | On the board |
|---|---|---|---|
| Victor Elmore Chair | Chair | 2021 | 5 yrs |
| Brenda Ross-Dulan | Trustee | 2021 | 5 yrs |
| George Surgeon | Trustee | 2023 | 3 yrs |
| Robert Schall | Trustee | 2021 | 5 yrs |
| Saurabh Narain | President & CEO | 2018 | 8 yrs |
| Tim Schwertfeger | Trustee | 2024 | 2 yrs |
Under 5 years5 to 6 years6 years or more
Officers and senior leadership
8 listediNamed in Part VII as officers, key employees or highest-compensated staff - not board members, shown for completeness.| Name | Title as filed | On the filings |
|---|---|---|
| Christopher Malehorn | Vice President, Investing | since 2022 |
| Kyle Harvey | VP, Lending & NMTC- Term | 2024 |
| Patrick Clarke | Controller - Term | since 2018 |
| Ryan Juhas | ASSISTANT Controller | since 2022 |
| Solanke Shonukan | Director, Portfolio Mgmt & Compliance | since 2022 |
| Steve Mondozzi | Controller - Term | since 2018 |
| Walter Postlewait | Vice President, Lending - Term | 2023 |
| Weneis Chan | VP & Controller | since 2021 |
Pay and hours
year to 31 December 2024iFrom Part VII of the Form 990: compensation reported for each officer, director, trustee, key employee and highest-paid staff member, and the average hours a week they report. Most board members are unpaid; a blank means nothing was reported. Pay from related organisations is shown separately.| Name | Title as filed | Hours a week | Pay from the organisation | Related organisations | Other |
|---|---|---|---|---|---|
| Victor Elmore | Chair | 2.5 | $20k | ||
| Brenda Ross-Dulan | Trustee | 2 | $15k | ||
| George Surgeon | Trustee | 2 | $15k | ||
| Robert Schall | Trustee | 2 | $15k | ||
| Saurabh Narain | President & CEO | 40 | $0 | $433k | $44k |
| Tim Schwertfeger | Trustee | 2 | $0 | ||
| Weneis Chan | VP & Controller | 40 | $0 | $240k | $10k |
| Kyle Harvey | VP, Lending & NMTC- Term | 40 | $0 | $187k | $7k |
| Ryan Juhas | ASSISTANT Controller | 40 | $0 | $153k | $13k |
| Solanke Shonukan | Director, Portfolio Mgmt & Compliance | 40 | $0 | $174k | $35k |
About
- Legal name
- National Community Investment Fund Irrv Tr
- EIN
- 367120987
- Address
- 25 E Washington St Ste 1405, Chicago, IL, 60602-1820
- State
- Illinois
- Mission
- NCIF invests capital and lends with institutions, that increase access to responsible financial products and services, catalyze projects that provide economic opportunities, and improve the quality of life in underserved communities nationally. NCIF complements its investing and lending activities with knowledge transfer and technical assistance to scale impact. (as filed on the Form 990)
- Activity (NTEE)
- S11 Community improvement and capacity building
- IRS classification
- 501(c)04 (tax-exempt under section 501(c)(3) where shown)
- Classified purpose
- Community Improvement & Capacity Building
- Size band
- 9 (IRS master file code)
- Formed
- 1995
- IRS ruling date
- 1 February 1996
- Status
- Code 01 (unconditional exemption)
- Form 990 filings on record
- 7, latest 2024
Most connected
Related organisations (Schedule R)
Longest observed on the filings
≥8years on the filingsSaurabh Narain
≥5years on the filingsVictor Elmore
≥5years on the filingsBrenda Ross-Dulan
≥5years on the filingsRobert Schall
Latest return
year to 31 December 2024iFigures from the newest Form 990 or 990-EZ in the IRS e-file releases of 2025 and 2026, for the year ending 31 December 2024. US dollars, as filed.- Total assets
- $79.2m
- Total liabilities
- $42.8m
- Net assets or fund balances
- $36.5m
- Contributions and grants received
- $0
- Program service revenue
- $5.7m
- Employees
- 0
Filed finances
1 yeariTotals as filed on the IRS Form 990 (revenue and expenses), by tax year.| Tax year | Total revenue | Total expenses | Surplus or deficit |
|---|---|---|---|
| 2024 | $8.2m | $6.9m | $1.3m |
As filed on the IRS Form 990. US dollars.