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Organizations Community Improvement & Capacity Building National Community Investment Fund

National Community Investment Fund

Fiscal year ending 2024. Filed on November 17, 2025.

25 E Washington St 1405
Chicago, Illinois 60602

National Community Investment Fund (EIN: 36-7120987) has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2024 IRS Form 990 filing, National Community Investment Fund, a 501(c)(4) civic league or social welfare organization, reported compensation for 5 employees. Among the employees shown here, the average compensation is $259,293. The highest compensated employee at National Community Investment Fund is Saurabh Narain with fiscal year 2024 compensation of $477,189.

Revenue, expenses, and employee compensation

Revenue

$8,202,333

Expenses

$6,858,937

Employee compensation

$65,000
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Saurabh Narain
President and Chief Executive Officer
$477,189
$0 $433,463 $43,726
Weneis Chan
Vice President and Controller
$249,256
$0 $239,651 $9,605
Solanke Shonukan
Director, Portfolio MGMT and Compliance
$208,864
$0 $174,162 $34,702
Kyle Harvey
Vice President, Lending and NMTC TERM
$194,405
$0 $186,920 $7,485
Ryan Juhas
Assistant Controller
$166,749
$0 $153,263 $13,486

Benchmark Employee Compensation

Non-Employee Board Members

Victor Elmore
Chair
$20,000
$20,000 No related compNo other comp
Brenda Ross-Dulan
Trustee
$15,000
$15,000 No related compNo other comp
George Surgeon
Trustee
$15,000
$15,000 No related compNo other comp
Robert Schall
Trustee
$15,000
$15,000 No related compNo other comp
Tim Schwertfeger
Trustee
No compensation reported

Contractors

Ncif Management Inc.
Management
$3,308,515
Novogradac & Company LLP
Audit and Tax
$287,875
Mayer Brown LLP
Legal
$265,239
Plante & Moran
Audit and Tax
$119,512
Bala Consulting LLC
Data Analytics Consulting
$105,000

Mission Statement

National Community Investment Fund (NCIF) is a national nonprofit Community Development Financial Institution (CDFI) with a mission to increase access to responsible financial products and services in underserved communities. NCIF envisions a society where all communities have access to responsibly priced financial products and services and where investors take fully into account social and environmental impact as well as financial returns. Total assets under management at NCIF were $260 million at 12/31/24. NCIF operates through three complementary business lines-Equity Investments, Lending, and New Markets Tax Credits (NMTC)-alongside a fourth cross-cutting pillar: Impact Measurement and Analytics: 1. Equity Investing in mission-oriented Certied Development Financial Institutions (CDFI), Minority Depository Institutions (MDIs), and Mission-Oriented Financial Institutions (MOFIs) as agents of change across the US and its territories. These institutions

Revisions to this organization profile

November 17, 2025:
2024 National Community Investment Fund 990 filed
November 14, 2024:
2023 National Community Investment Fund 990 filed
November 13, 2023:
2022 National Community Investment Fund 990 filed

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