Nonprofit · EIN 36-3762123
CHICAGO COMMUNITY LOAN FUND
Tax-exempt · CHICAGO, IL 60602
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $32,746,458 | $23,405,622 | $9,340,836 | $216,002,353 | $145,537,826 | $70,464,527 |
| December 31, 2024 | 990 | $18,823,533 | $10,899,653 | $7,923,880 | $206,003,874 | $145,361,390 | $60,642,484 |
| December 31, 2023 | 990 | $15,665,409 | $10,227,527 | $5,437,882 | $179,995,748 | $127,440,302 | $52,555,446 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $21,694,362
- of which government grants
- $171,000
- Program service revenue
- $9,513,534
- Investment income
- $1,538,562
- Net gain from sales of assets
- -$57,730
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $1,760,242
- Other salaries and wages
- $2,546,703
- Salaries, compensation and benefits (total)
- $5,436,668
- Professional fundraising fees
- $0
- Legal fees
- $137,037
- Accounting fees
- $116,873
- Occupancy
- $289,507
- Travel
- $84,919
- Depreciation
- $97,564
- Program services (functional)
- $20,387,860
- Management and general (functional)
- $2,670,607
- Fundraising (functional)
- $347,155
Balance sheet and other
- Total assets, start of year
- $206,003,874
- Total assets, end of year
- $216,002,353
- Total liabilities, end of year
- $145,537,826
- Net assets, end of year
- $70,464,527
- Land, buildings and equipment
- $296,710
- Publicly traded securities
- $15,938,469
- Net assets without donor restrictions
- $62,568,493
- Net assets with donor restrictions
- $7,896,034
- Gross receipts
- $38,536,610
- Employees
- 29
- Volunteers
- 22
- Year formed
- 1991
- State of legal domicile
- IL
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| CALVIN HOLMES | PRESIDENT UNTIL JANUARY 2025 Officer | 55 | $1,040,249 | $48 |
| ROBERT TUCKER | PRESIDENT Officer | 50 | $362,146 | $43,823 |
| ANGELA DOWELL | CHIEF FINANCIAL & ADMINISTRATIVE OFFICER Officer | 50 | $273,833 | $40,143 |
| LYCRECIA PARKS | CHIEF RISK OFFICER & VP PO Highest-paid employee | 50 | $254,414 | $30,182 |
| WENDELL HARRIS | EVP LENDING OPERATIONS Highest-paid employee | 50 | $239,739 | $30,091 |
| JUAN CALIXTO | EVP OF EXT. RELATIONS Highest-paid employee | 50 | $216,596 | $41,027 |
| MAURICE WILLIAMS | VP ECON. DEVELOPMENT Highest-paid employee | 50 | $171,522 | $39,227 |
| ROBIN SCHABES | OPPORTUNITY ZONES CONSORTI Highest-paid employee | 50 | $173,002 | $27,665 |
| ERIK HALL | CHAIR Trustee or director, Officer | 0.29 | $0 | $0 |
| JOHN TUOHY | DIRECTOR Trustee or director | 0.33 | $0 | $0 |
| KATHY THOLIN | DIRECTOR Trustee or director | 0.29 | $0 | $0 |
| MARK SPEARS | DIRECTOR Trustee or director | 0.54 | $0 | $0 |
| MATTHEW REILEIN | DIRECTOR Trustee or director | 0.17 | $0 | $0 |
| ERIC PHILLIPS | DIRECTOR Trustee or director | 0.14 | $0 | $0 |
| ANGELA HURLOCK | DIRECTOR Trustee or director | 0.21 | $0 | $0 |
16 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| EDWARD HOYNES | DIRECTOR Trustee or director | 0.15 | $0 |
| RICHARD GUZMAN | DIRECTOR Trustee or director | 0.29 | $0 |
| JENNIFER GUZMAN | DIRECTOR Trustee or director | 0.19 | $0 |
| STEPHANIE GREEN | DIRECTOR Trustee or director | 0.53 | $0 |
| ANDREW HUGGER | DIRECTOR Trustee or director | 0.54 | $0 |
| DR AMARA ENYIA | DIRECTOR Trustee or director | 0.21 | $0 |
| TERRENCE JOHNSON | DIRECTOR Trustee or director | 0.08 | $0 |
| CHARLES WALLS | TREASURER Trustee or director, Officer | 0.37 | $0 |
| AILISA HERRERA | SECRETARY Trustee or director, Officer | 0.58 | $0 |
| PATRICIA MCCREARY CANNON | ASSISTANT SECRETARY Trustee or director, Officer | 0.53 | $0 |
| SONYA MALUNDA | VICE CHAIR Trustee or director, Officer | 0.35 | $0 |
| JODY ADLER | DIRECTOR Trustee or director | 0.29 | $0 |
| JEFF ALLEN | DIRECTOR Trustee or director | 0.46 | $0 |
| MOHAMMED ELAHI | DIRECTOR Trustee or director | 0.29 | $0 |
| KEVIN GOLDSMITH | ASSISTANT SECRETARY Trustee or director, Officer | 0.27 | $0 |
| THOMAS FITZGIBBON | DIRECTOR Trustee or director | 0.37 | $0 |
990 for the year ended December 31, 2024: 30 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ROBERT TUCKER | INTERIM PRESIDENT AND COO Officer | 50 | $356,794 | $52,829 |
| CALVIN HOLMES | PRESIDENT Officer | 55 | $349,963 | $33,754 |
| ANGELA DOWELL | CHIEF FINANCIAL OFFICER Officer | 50 | $255,054 | $34,159 |
| LYCRECIA PARKS | CHIEF RISK OFFICER & VP PO Highest-paid employee | 50 | $223,425 | $26,844 |
| JUAN CALIXTO | EVP OF EXT. RELATIONS Highest-paid employee | 50 | $201,627 | $35,049 |
| WENDELL HARRIS | VP LENDING OPERATIONS Highest-paid employee | 50 | $208,752 | $25,708 |
| MAURICE WILLIAMS | VP ECON. DEVELOPMENT Highest-paid employee | 50 | $193,354 | $34,285 |
| ROBIN SCHABES | OPPORTUNITY ZONES CONSORTI Highest-paid employee | 50 | $184,609 | $25,131 |
| ERIK HALL | CHAIR Trustee or director, Officer | 0.54 | $0 | $0 |
| SONYA MALUNDA | VICE CHAIR Trustee or director, Officer | 0.29 | $0 | $0 |
| CHARLES WALLS | TREASURER Trustee or director, Officer | 0.42 | $0 | $0 |
| AILISA HERRERA | SECRETARY Trustee or director, Officer | 0.81 | $0 | $0 |
| PATRICIA MCCREARY CANNON | ASSISTANT SECRETARY Trustee or director, Officer | 0.52 | $0 | $0 |
| KEVIN GOLDSMITH | ASSISTANT SECRETARY Trustee or director, Officer | 0.29 | $0 | $0 |
| JODY ADLER | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| JEFF ALLEN | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| MOHAMMED ELAHI | DIRECTOR Trustee or director | 0.41 | $0 | $0 |
| DR AMARA ENYIA | DIRECTOR Trustee or director | 0.23 | $0 | $0 |
| THOMAS FITZGIBBON | DIRECTOR Trustee or director | 0.38 | $0 | $0 |
| STEPHANIE GREEN | DIRECTOR Trustee or director | 0.48 | $0 | $0 |
| JENNIFER GUZMAN | DIRECTOR Trustee or director | 0.42 | $0 | $0 |
| RICHARD GUZMAN | DIRECTOR Trustee or director | 0.23 | $0 | $0 |
| EDWARD HOYNES | DIRECTOR Trustee or director | 0.33 | $0 | $0 |
| ANDREW HUGGER | DIRECTOR Trustee or director | 0.44 | $0 | $0 |
| ANGELA HURLOCK | DIRECTOR Trustee or director | 0.21 | $0 | $0 |
| ERIC PHILLIPS | DIRECTOR Trustee or director | 0.26 | $0 | $0 |
| MATTHEW REILEIN | DIRECTOR Trustee or director | 0.38 | $0 | $0 |
| MARK SPEARS | DIRECTOR Trustee or director | 0.65 | $0 | $0 |
| KATHY THOLIN | DIRECTOR Trustee or director | 0.31 | $0 | $0 |
| JOHN TUOHY | DIRECTOR Trustee or director | 0.29 | $0 | $0 |
990 for the year ended December 31, 2023: 30 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ROBERT TUCKER | INTERIM PRESIDENT AND COO Officer | 50 | $329,787 | $329,787 |
| CALVIN HOLMES | PRESIDENT Officer | 55 | $301,163 | $301,162 |
| ANGELA DOWELL | CHIEF FINANCIAL OFFICER Officer | 50 | $223,565 | $223,565 |
| LYCRECIA PARKS | CHIEF RISK OFFICER & VP PORTFOLIO MGMT. Highest-paid employee | 50 | $208,710 | $208,709 |
| WENDELL HARRIS | VP LENDING OPERATIONS Highest-paid employee | 50 | $199,312 | $199,312 |
| MAURICE WILLIAMS | VP ECON. DEVELOPMENT Highest-paid employee | 50 | $183,097 | $183,097 |
| JUAN CALIXTO | VP EXT. RELATIONS Highest-paid employee | 50 | $167,548 | $167,548 |
| ROBIN SCHABES | OPPORTUNITY ZONES CONSORTI Highest-paid employee | 50 | $164,440 | $164,440 |
| ERIK HALL | CHAIR Trustee or director, Officer | 0.73 | $0 | $0 |
| SONYA MALUNDA | VICE CHAIR Trustee or director, Officer | 0.37 | $0 | $0 |
| CHARLES WALLS | TREASURER Trustee or director, Officer | 0.51 | $0 | $0 |
| AILISA HERRERA | SECRETARY Trustee or director, Officer | 1.04 | $0 | $0 |
| PATRICIA MCCREARY CANNON | ASSISTANT SECRETARY Trustee or director, Officer | 0.66 | $0 | $0 |
| KEVIN GOLDSMITH | ASSISTANT SECRETARY Trustee or director, Officer | 0.37 | $0 | $0 |
| JODY ADLER | DIRECTOR Trustee or director | 0.63 | $0 | $0 |
| JEFF ALLEN | DIRECTOR Trustee or director | 0.65 | $0 | $0 |
| MOHAMMED ELAHI | DIRECTOR Trustee or director | 0.57 | $0 | $0 |
| DR AMARA ENYIA | DIRECTOR Trustee or director | 0.27 | $0 | $0 |
| THOMAS FITZGIBBON | DIRECTOR Trustee or director | 0.49 | $0 | $0 |
| STEPHANIE GREEN | DIRECTOR Trustee or director | 0.73 | $0 | $0 |
| JENNIFER GUZMAN | DIRECTOR Trustee or director | 0.56 | $0 | $0 |
| RICHARD GUZMAN | DIRECTOR Trustee or director | 0.27 | $0 | $0 |
| EDWARD HOYNES | DIRECTOR Trustee or director | 0.41 | $0 | $0 |
| ANDREW HUGGER | DIRECTOR Trustee or director | 0.27 | $0 | $0 |
| ANGELA HURLOCK | DIRECTOR Trustee or director | 0.27 | $0 | $0 |
| ERIC PHILLIPS | DIRECTOR Trustee or director | 0.27 | $0 | $0 |
| MATTHEW REILEIN | DIRECTOR Trustee or director | 0.7 | $0 | $0 |
| MARK SPEARS | DIRECTOR Trustee or director | 0.94 | $0 | $0 |
| KATHY THOLIN | DIRECTOR Trustee or director | 0.35 | $0 | $0 |
| JOHN TUOHY | DIRECTOR Trustee or director | 0.35 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 29 E MADISON 1700, CHICAGO, IL 60602-4404
- Principal officer (990 for 2025)
- ANGELA DOWELL, 29 E MADISON STE 1700, CHICAGO, IL 60602
- Signed the 990
- ANGELA DOWELL, CHIEF FINANCIAL OFFICER
- Phone
- (312) 252-0440
- Website
- WWW.CCLFCHICAGO.ORG
- Return prepared by
- CLIFTONLARSONALLEN LLP
Mission
ORGANIZATION PROVIDES LOW-COST, FLEXIBLE FINANCING TO NON-PROFIT AND FOR-PROFIT COMMUNITY DEVELOPMENT ORGANIZATIONS FOR THE REVITALIZATION OF LOW AND MODERATE INCOME NEIGHBORHOODS THROUGHOUT METROPOLITAN CHICAGO.
Program accomplishments
- LENDING - 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.Expenses $19,159,195 · revenue $81,628
- 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.Expenses $728,625 · revenue $9,431,906
- 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.Expenses $500,040
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 36-3762123
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1991
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S20Z)
- Assets (IRS master file)
- $216,002,353
- Income (IRS master file)
- $38,536,610
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $32,746,458 | $23,405,622 | $216,002,353 | XML |
| 990 | December 2024 | $18,823,533 | $10,899,653 | $206,003,874 | XML |
| 990 | December 2023 | $15,665,409 | $10,227,527 | $179,995,748 | XML |
| 990 | December 2022 | $14,555,763 | $8,452,164 | $158,934,389 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 36-3762123).
Questions about CHICAGO COMMUNITY LOAN FUND
- What is the EIN of CHICAGO COMMUNITY LOAN FUND?
- The employer identification number (EIN) of CHICAGO COMMUNITY LOAN FUND is 36-3762123.
- Is CHICAGO COMMUNITY LOAN FUND tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1991.
- Are donations to CHICAGO COMMUNITY LOAN FUND tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does CHICAGO COMMUNITY LOAN FUND file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of CHICAGO COMMUNITY LOAN FUND due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did CHICAGO COMMUNITY LOAN FUND last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of CHICAGO COMMUNITY LOAN FUND?
- The 990 for the year ended December 31, 2025 names ANGELA DOWELL.
- Who are the officers and directors of CHICAGO COMMUNITY LOAN FUND?
- The 990 for the year ended December 31, 2025 lists 31 people; 8 received compensation from the organization, the highest $1,040,249 (CALVIN HOLMES, PRESIDENT UNTIL JANUARY 2025).
- How much revenue does CHICAGO COMMUNITY LOAN FUND have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $32,746,458, expenses of $23,405,622 and total assets of $216,002,353 at year end.
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