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Organizations Community Improvement & Capacity Building National Community Investment Fund

National Community Investment Fund

Fiscal year ending 2023. Filed on November 14, 2024.

135 S Lasalle Street 3025
Chicago, Illinois 60603

National Community Investment Fund (EIN: 36-7120987) has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2023 IRS Form 990 filing, National Community Investment Fund, a 501(c)(4) civic league or social welfare organization, reported compensation for 6 employees. Among the employees shown here, the average compensation is $228,504. The highest compensated employee at National Community Investment Fund is Saurabh Narain with fiscal year 2023 compensation of $483,906.

Revenue, expenses, and employee compensation

Revenue

$10,233,986

Expenses

$4,359,631

Employee compensation

$76,250
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Saurabh Narain
President and Chief Executive Officer
$483,906
$0 $440,299 $43,607
Weneis Chan
Vice President and Controller
$213,449
$0 $205,153 $8,296
Christopher Malehorn
Vice President Investing
$206,856
$0 $198,601 $8,255
Solanke Shonukan
Director, Portfolio and COMP
$204,786
$0 $172,012 $32,774
Ryan Juhas
Assistant Controller
$145,623
$0 $133,420 $12,203
Walter Postlewait
Vice President Lending - TERM
$116,406
$0 $113,602 $2,804

Benchmark Employee Compensation

Non-Employee Board Members

Carlton Jenkins
Chair
$20,000
$20,000 No related compNo other comp
Brenda Ross-Dulan
Trustee
$15,000
$15,000 No related compNo other comp
Victor Elmore
Trustee
$15,000
$15,000 No related compNo other comp
Robert Schall
Trustee
$15,000
$15,000 No related compNo other comp
George Surgeon
Trustee
$11,250
$11,250 No related compNo other comp

Contractors

Ncif Management Inc.
Management
$2,927,584
Novogradac & Company LLP
Accounting and Tax
$245,875

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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