Ncrc Community Development Fund Inc
NCRC Community Development Fund Inc (NCRC CDF) is a U.S. Treasury-certified Community Development Financial Institution (CDFI) based in Washington, DC. Established in 2010, it operates as a subsidiary of the National Community Reinvestment Coalition (NCRC), an association of more than 600 community-based organizations across 42 states. The organization provides loan capital and financial services to expand access to affordable homeownership and support business development in underserved communities.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$55.6M
-17.4% YoY
Revenue
$2.3M
-98.6% YoY
Net Investment Income
$-306,586
-233.2% YoY
Expenses
$7.7M
-95.3% YoY
Mission & Focus Areas
NCRC CDF's mission is to help bridge the racial wealth divide by supporting entrepreneurship and affordable homeownership in America's underserved communities. The organization provides access to capital not available through traditional financial institutions, along with business training services. It also accelerates the creation of affordable housing by providing developers with financial incentives to build in historically underserved neighborhoods.
Primary focus areas include:
- Small business lending and support for minority-owned, women-owned, and low-income businesses
- Affordable homeownership expansion
- Community economic development
- Business training and technical assistance services
Grantmaking
NCRC CDF administers several grant programs:
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Geographic Focus
Where this funder awards grants
Primary current target market is the District of Columbia, with plans to serve women- and minority-owned businesses nationwide in the future. The organization operates through NCRC Small Business Center affiliates in Washington DC, New York NY, and Houston TX, as well as an SBA Small Business Teaming Center.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
Assets & Revenue (2023):
- Total Assets: $67.3 million
- Total Revenue: $165 million
- Total Expenses: $164 million
- Total Liabilities: $45 million
Assets (2024):
- Total Assets: $55.6 million
Recent Funding:
- Grant - Community Development Fund (August 2025): $1.3 million
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $55,569,537 | $67,297,534 | $60,523,002 |
| Revenue | $2,252,467 | $164,674,107 | $1,445,810 |
| Expenses | $7,655,011 | $164,081,061 | $2,989,322 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $-306,586 | $230,157 | $18,615 |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 0 recipients in 2024
Grant Size Distribution
50 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
Gregory Dyson - Appointed Interim Executive Director of NCRC Community Development Fund
Nayeli Pelayo - CDFI Operations Director (as of 2023)
John Taylor - NCRC President and CEO
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| JESSE VAN TOL | BOARD CHAIR | 4 | — |
| IRVIN HENDERSON | TREASURER | 2 | — |
| ROBERT DICKERSON JR | SECRETARY | 2 | — |
| CHARLES HARRIS | DIRECTOR | 2 | — |
| DONNA GAMBRELL | DIRECTOR | 2 | — |
| SIMON MCNEIL | EXECUTIVE DIRECTOR | 40 | — |
Contact Information
Address: 740 15th Street NW, Suite 400, Washington, DC 20005
Phone: (202) 628-8866 or (202) 929-0319
Fax: (202) 628-9800
Email: cdfiinfo@ncrc.org
Website: communitydevelopmentfund.org
Subject Areas
Focus areas based on grantmaking activity
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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