NCRC Community Development Fund Inc
NCRC Community Development Fund Inc is a public charity based in Washington, DC, formed in 2007. It is described as a U.S. Treasury-certified Community Development Financial Institution that provides capital to underserved communities to support entrepreneurship and affordable homeownership.
NCRC Community Development Fund Inc at a glance
- Total assets
- $55,569,537
- -17.4% vs 2023
- Revenue (2024)
- $2,252,467
- -98.6% vs 2023
- Net investment income (2024)
- $-306,586
- -233.2% vs 2023
- Expenses (2024)
- $7,655,011
- -95.3% vs 2023
- Latest 990 filing
- Form 990, 2024 View filing
Data from IRS Form 990, 2024; updated October 2026.
How to apply to NCRC Community Development Fund Inc
- Contact
Mailing address: 740 15Th Street Suite 400, Washington, DC 20005
Phone: (202) 628-8866
Website: https://ncrc.org
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who NCRC Community Development Fund Inc funds
How this funder distributes its grants
Grant Size Distribution
2,733 grants across all recorded years
The most common grant size was under $50K: 1,493 grants of 2,733 (55%).
Geographic Focus
Where this funder awards grants
The organization’s mission refers to underserved communities across America. Its affordable housing program targets low- and moderate-income census tracts. Its American Rescue Plan grant program provided capital to businesses in Illinois.
Grant Distribution by State
States
Cities
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2021 to 2023, annual grant giving ranged from $500K (2022) to $149.3M (2023). In 2023 it made 2,666 grants totaling $149.3M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Kato Kagaku Co Ltd DBA Hyatt Regency Chicago Chicago, IL | Illinois Coronavirus Fiscal Recovery Funds | $1,769,933 |
| Thor Palmer House Hotel LLC DBA the Palmer House Hilton by and Through HLT Chicago, IL | Illinois Coronavirus Fiscal Recovery Funds | $1,429,360 |
| Chicago Lessee LLC MC Lean, VA | Illinois Coronavirus Fiscal Recovery Funds | $1,344,870 |
| SCH&T Corporation of Illinois Chicago, IL | Illinois Coronavirus Fiscal Recovery Funds | $1,060,915 |
| Marriott Hotel Services LLC Chicago, IL | Illinois Coronavirus Fiscal Recovery Funds | $1,045,236 |
| Q Center LLC Saint Charles, IL | Illinois Coronavirus Fiscal Recovery Funds | $907,613 |
| IHG Managment Maryland LLC Chicago, IL | Illinois Coronavirus Fiscal Recovery Funds | $689,856 |
| 909 North Michigan Avenue Corporation Chicago, IL | Illinois Coronavirus Fiscal Recovery Funds | $653,273 |
| DTRS Columbus Drive LLC Chicago, IL | Illinois Coronavirus Fiscal Recovery Funds | $598,398 |
| Breswiss LP Chicago, IL | Illinois Coronavirus Fiscal Recovery Funds | $576,622 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2024 | $55,569,537 | $2,252,467 | $7,655,011 | — | — | $-306,586 |
| 2023 | $67,297,534 | $164,674,107 | $164,081,061 | $149,332,697 | 2,666 | $230,157 |
| 2022 | $60,523,002 | $1,445,810 | $2,989,322 | $500,000 | 1 | $18,615 |
| 2021 | $59,265,863 | $6,859,194 | $3,938,148 | $2,250,000 | 66 | $12,588 |
| 2020 | $45,804,965 | $15,226,406 | $790,512 | — | — | $13,537 |
| 2019 | $31,221,884 | $550,285 | $520,296 | — | — | $60,549 |
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
The organization’s stated mission is to provide access to capital for America’s underserved communities in support of entrepreneurship and affordable homeownership. Its affordable housing program funds entities to rehabilitate, develop, and promote affordable housing and homeownership in low- and moderate-income census tracts for people with low and moderate incomes. Its small business program provides funding to small businesses, including minority-owned, women-owned, and low-income businesses.
NCRC’s funding-opportunities page describes programs for member organizations, including the Field Empowerment Fund, which supports established services in housing, small business development, and workforce development. The page also describes a MicroBiz Capital Accelerator offering grants to nonprofits with grant or small-dollar capital programs targeting local microbusinesses owned by people of color. It lists an Illinois Back to Business program for eligible restaurants, hotels, and creative arts businesses affected by COVID-19-related interruption or adverse conditions.
Grantmaking
The 2024 filing reports no grants. The 2023 filing reports 2,666 grants totaling $149,332,697. The 2022 filing reports no grants. The available information does not identify recipients or typical grant sizes for those filings.
A separate NCRC funding-opportunities listing describes three $5,000 grants for members working with artistic or culturally significant Black- or Latino-owned businesses, and awards of $20,000–$50,000 to up to six nonprofits through the MicroBiz Capital Accelerator Program. It also describes the 2023 Field Empowerment Fund and an Illinois Back to Business grant program. These descriptions do not provide application materials or deadlines.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists Jesse Van Tol as board chair, Irvin Henderson as treasurer, Robert Dickerson Jr as secretary, Charles Harris and Donna Gambrell as directors, and Simon McNeil as executive director. NCRC’s 2025 Impact Report identifies Gregory Dyson as interim executive director of the Community Development Fund.
NCRC Community Development Fund Inc is led by Simon McNeil, Executive Director on the 2024 filing; none of the 6 officers listed in 2024 report compensation.
Officers on the 2024 filing
Simon McNeil
Executive Director
New on the 2024 filing
40 hrs/week
No compensation reported
Jesse Van Tol
Board Chair
On filings since 2021
4 hrs/week
No compensation reported
Charles Harris
Director
On filings since 2019
2 hrs/week
No compensation reported
Donna Gambrell
Director
On filings since 2021
2 hrs/week
No compensation reported
Irvin Henderson
Treasurer
On filings since 2019
2 hrs/week
No compensation reported
Robert Dickerson Jr.
Secretary
Director → Secretary, 2023
On filings since 2019
2 hrs/week
No compensation reported
Former officers (5)
- Former: Marisa Calderon (2020–2023) — Executive Director
- Former: Maryellen Lewis (2019–2022) — Secretary
- Former: Catherine Crosby (2021–2022) — Director
- Former: Grigs Crawford (2022) — Development Director
- Former: John Taylor (2019–2021) — Board Chair
Data from IRS Form 990 filings, 2019–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about NCRC Community Development Fund Inc
How large is NCRC Community Development Fund Inc?
NCRC Community Development Fund Inc reported $55.6M in total assets on its 2024 IRS Form 990. Its revenue that year was $2.3M.
What does NCRC Community Development Fund Inc fund?
The organization’s stated mission is to provide access to capital for America’s underserved communities in support of entrepreneurship and affordable homeownership. See mission & focus areas ↑
How do I apply for a grant from NCRC Community Development Fund Inc?
NCRC Community Development Fund Inc has no public application process in the sources Grantable reviewed. Check ncrc.org for current guidelines, or contact the foundation directly before submitting a request.
Where does NCRC Community Development Fund Inc make grants?
The organization’s mission refers to underserved communities across America. Its affordable housing program targets low- and moderate-income census tracts. Its American Rescue Plan grant program provided capital to businesses in Illinois.
What is NCRC Community Development Fund Inc's EIN?
NCRC Community Development Fund Inc's EIN (Employer Identification Number) is 26-1269202. IRS Form 990 filing data is available on this page for 2019–2024.
Data last updated October 2026. Sourced from IRS Form 990 filings. Research dossier generated September 2026.
Data update history
(5)
When this profile's IRS filing data changed on Grantable
- Added Form 990 for fiscal year 2019 (received by the IRS November 16, 2020)
- Updated Form 990 for fiscal year 2021 (received by the IRS November 15, 2022)
- Updated Form 990 for fiscal year 2022 (received by the IRS November 15, 2023)
- Updated Form 990 for fiscal year 2023 (received by the IRS November 15, 2024)
- IRS filings on file for fiscal years 2020–2024
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