New Hampshire Community Loan Fund
Public records show a registered, tax-exempt organization in good standing.
What it says it does
OUR MISSION IS TO PROVIDE PEOPLE AND COMMUNITIES, IN NEW HAMPSHIRE AND BEYOND, WITH THE FINANCIAL, HUMAN, AND CIVIC RESOURCES THEY NEED TO BE ECONOMICALLY SECURE. WE DO THIS BY PROVIDING LOANS, CAPITAL AND TECHNICAL ASSISTANCE TO BORROWERS ACROSS THREE BROAD SECTORS: AFFORDABLE HOUSING, BUSINESS FINANCE, AND COMMUNITY SERVICES; COMPLEMENTING AND EXTENDING THE REACH OF CONVENTIONAL LENDERS AND PUBLIC INSTITUTIONS; AND BRINGING PEOPLE AND INSTITUTIONS TOGETHER TO SOLVE PROBLEMS.ESTABLISHED IN 1983, THE COMMUNITY LOAN FUND WAS ONE OF THE FIRST COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS IN THE NATION AND IS RECOGNIZED AS A NATIONAL LEADER FOR ITS INNOVATION, SOCIAL IMPACT, FINANCIAL STRENGTH AND PERFORMANCE. THE COMMUNITY LOAN FUND WAS THE 2009 RECIPIENT OF THE NEXT AWARD FOR OPPORTUNITY FINANCE, THE HIGHEST HONOR IN OUR FIELD.
- Income
- $75.1 million
- Spending
- $57.9 million
- Spent on programs
- 97%
- Reserves
- 12.1 months of spending
- Largest source of income
- government grants, 57%
- Employees
- 87
- Volunteers
- 17
- Highest pay
- $293,217, president & ceo
Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Financial health
Good: 85 out of 100.
Reserves
35 of 35Spendable reserves would cover 12.1 months of spending.
Debt
5 of 20It owes 69% of what it owns.
Living within its means
15 of 15Income exceeded spending by 23% of income.
Income trend
15 of 15Income rose 168% on the year before.
Spending floor
15 of 1597% of spending went to programs and raising each dollar of donations cost 1 cents.
Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Governance
Strong: 100 out of 100.
Independent board
25 of 2515 of 16 voting board members are independent.
Conflict of interest policy
15 of 15Has a written conflict of interest policy.
Whistleblower policy
8 of 8Has a written whistleblower policy.
Record keeping policy
7 of 7Has a written policy on keeping and destroying records.
Board minutes
5 of 5Keeps minutes of board meetings.
Board sees the tax return
10 of 10Gave the board a copy of this return before filing it.
Pay set independently
5 of 5Sets its chief executive's pay through independent review and comparison.
Independent check of accounts
15 of 15Its accounts were audited by an independent accountant.
No reported misuse
10 of 10Reports no diversion of assets, excess benefits or loans to insiders.
Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Impact evidence
Describes programs. Its tax return describes what it does but we have found no measurable results in it.
Programs described in its return (5)
- $5.0 million spent. THREE COMMUNITY LOAN FUND PROGRAMS ADDRESS N.H.'S NEED FOR HOUSING FOR WORKING FAMILIES, SENIORS, AND FAMILIES WITH LOW INCOMES. 1. ROC-NH PROVIDES LOANS, ALONG WITH EDUCATIONAL AND TECHNICAL ASSISTANCE, TO BUILD LONG-TERM VALUE AND SECURITY FOR RESIDENTS OF N.H.'S MANUFACTURED-HOME COMMUNITIES BY HELPING THEM PURCHASE, MANAGE, AND IMPROVE THEIR COMMUNITIES AS COOPERATIVE CORPORATIONS. AS OF JUNE 30, 2025, 152 RESIDENT-OWNED COMMUNITIES IN N.H. WERE HOME TO 9,238 (PRIMARILY LOW-INCOME) HOUSEHOLDS. DURING FISCAL YEAR 2025, THE COMMUNITY LOAN FUND MADE 16 LOANS TOTALING NEARLY $17.2 MILLION. IN DOING SO, IT PRESERVED 189 HOUSING UNITS AND PROVIDED 18,151 HOURS OF TECHNICAL ASSISTANCE TO RESIDENT-OWNED COMMUNITIES. 2. BECAUSE THEY ARE RELATIVELY AFFORDABLE AND AVAILABLE IN RURAL COMMUNITIES, MANUFACTURED HOMES ARE, FOR SOME N.H. FAMILIES, THE BEST HOUSING OPTION. THEY ALSO PROVIDE AN AFFORDABLE OPTION FOR OLDER PEOPLE WHO ARE DOWNSIZING, YOUNG FAMILIES WHO ARE FIRST-TIME HOMEBUYERS AND ADULTS WITH PHYSICAL AND MENTAL CHALLENGES WHO WISH TO LIVE INDEPENDENTLY. THE COMMUNITY LOAN FUND'S WELCOME HOME LOANS PROVIDE REAL FIXED-RATE MORTGAGE PRODUCTS FOR BUYERS OF MANUFACTURED HOMES WHO OWN THE LAND THE HOUSE WILL OCCUPY, OR WHO HAVE SECURED THE LAND THROUGH COOPERATIVE OWNERSHIP. THE GREAT MAJORITY OF THESE BUYERS DON'T HAVE ACCESS TO CONVENTIONAL MORTGAGE LOANS OR LACK THE SAVINGS FOR DOWN PAYMENT AND CLOSING COSTS. BY MAKING 2,190 WELCOME HOME LOANS TOTALING MORE THAN $117.4MILLION SINCE 2002, WE HAVE PROVEN THAT THESE HOMEBUYERS ARE BETTER-THAN-AVERAGE RISKS AS BORROWERS, WITH A CUMULATIVE LOSS RATE OF JUST 2.60%. DURING FY2025, WELCOME HOME LOANS PROVIDED $11.2 MILLION IN FINANCING TO 91 BORROWERS. INCLUDED IN THAT NUMBER ARE 41 HOMEOWNER ASSISTANCE LOANS TO HELP BUYERS WITH LOW INCOMES COVER CLOSING COSTS FOR NEW HOMES, OR PURCHASE EXISTING HOMES. IN 2009, OUR WELCOME (THEN CALLED COOPERATIVE) HOME LOANS EARNED THE COMMUNITY LOAN FUND THE HIGHEST HONOR GIVEN TO COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS: THE NEXT AWARD FOR OPPORTUNITY FINANCE. THE PROGRAM'S STRONG PERFORMANCE HAS ALSO ATTRACTED OTHER CONVENTIONAL RESIDENTIAL LENDERS, INCLUDING USDA, NH HOUSING FINANCE AUTHORITY AND FANNIE MAE, TO THIS EMERGING MARKET. 3. THE MULTI-FAMILY HOUSING PROGRAM PROVIDES LOANS AND TECHNICAL ASSISTANCE TO NONPROFIT HOUSING DEVELOPMENT ORGANIZATIONS, WITH THE GOALS OF EXPANDING N.H.'S SUPPLY OF INCREASINGLY SCARCE AFFORDABLE HOUSING AND KEEPING IT PERMANENTLY AFFORDABLE. SINCE 1989, THE COMMUNITY LOAN FUND HAS MADE 191 LOANS TOTALING NEARLY $36 MILLION, RESULTING IN THE CREATION OR PRESERVATION OF 1,978 AFFORDABLE APARTMENTS VALUED AT OVER $301.2 MILLION. MULTI-FAMILY HOUSING HAS ALSO HELPED CREATE AND NURTURE A NOW-MATURE NETWORK OF NONPROFIT DEVELOPERS, WHILE ASSISTING COMMUNITY GROUPS TACKLING THEIR FIRST PROJECTS, TO CREATE CAPACITY IN ONE OF THE LEAST-AFFORDABLE STATES IN THE NATION.
- $6.7 million spent. THE COMMUNITY LOAN FUND IS ROOTED IN TWO BELIEFS: 1. ONE OF THE BARRIERS THAT KEEPS PEOPLE WITH LOW INCOMES FROM ACHIEVING GREATER SELF-SUFFICIENCY IS A LACK OF ACCESS TO CREDIT. 2. PEOPLE AND ORGANIZATIONS THAT HAVE OR MANAGE FINANCIAL RESOURCES ARE WILLING TO HELP THEIR NEIGHBORS WHEN THEY HAVE A TRUSTED MECHANISM TO DO SO. THE PHILANTHROPY PROGRAM WORKS ON THE SECOND PART OF THAT EQUATION. WE SEEK TO MAKE OUR INVESTMENTS OPPORTUNITIES A CONDUIT THROUGH WHICH PEOPLE, ORGANIZATIONS, FOUNDATIONS, AND CORPORATIONS SAFELY AND SECURELY INVEST IN N.H.'S PEOPLE AND COMMUNITIES. THE COMMUNITY LOAN FUND IS A RARITY AMONG COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS IN ACCEPTING INVESTMENTS IN THE FORM OF UNSECURED LOANS FROM PRIVATE INDIVIDUALS, AS WELL AS FROM INSTITUTIONS LARGE AND SMALL. A ROBUST POOL OF NET ASSETS HELPS THE COMMUNITY LOAN FUND MAINTAIN A 100% REPAYMENT RECORD TO ITS INVESTORS. IT'S THE "SHOCK ABSORBER" THAT CUSHIONS THEIR MONEY AGAINST THE RARE BORROWER LOAN THAT ISN'T REPAID. INVESTMENTS IN THE COMMUNITY LOAN FUND RANGE FROM $1,000 TO $7.5 MILLION. THE PHILANTHROPY PROGRAM BROUGHT IN OVER $7.9 MILLION FROM 30 NEW INVESTMENTS IN FY2025, BRINGING THE NUMBER OF CURRENT INVESTORS TO 615.
- $44.5 million spent. THE COMMUNITY LOAN FUND OFFERS FINANCING FOR BUSINESSES RANGING FROM SELF-EMPLOYED ENTREPRENEURS TO HIGH-GROWTH, HIGH-MARGIN COMPANIES. SINCE 1984, OUR BUSINESS FINANCE PROGRAM HAS PROVIDED LOANS, INVESTMENTS, AND COACHING TO SUPPORT THE GROWTH AND RESILIENCE OF SMALL BUSINESSES AND THEIR ABILITY TO PROVIDE QUALITY JOBS. IN RECENT YEARS, WE'VE HAD A SPECIAL FOCUS ON HELPING FARM AND FOOD-RELATED COMPANIES AND ENTREPRENEURS WITHOUT ACCESS TO CONVENTIONAL FINANCING GROW AND THRIVE. SINCE 1996, OUR BUSINESS FINANCE TEAM HAS MADE 810 LOANS AND INVESTMENTS AND LOANS, TOTALING OVER $52 MILLION AND PRESERVING OR CREATING 2,948 JOBS. IN FY 2025, OUR BUSINESS FINANCE TEAM PROVIDED 26 LOANS TOTALING MORE THAN $3.8 MILLION, CREATING OR PRESERVING 73 JOBS.
- $124,509 spent. 1. SINCE 1984, OUR COMMUNITY SERVICES FINANCING HAS SUPPORTED ESSENTIAL SERVICES, INCLUDING CENTER- AND HOME-BASED EARLY CHILDHOOD EDUCATION, BY HELPING NONPROFIT ORGANIZATIONS BUY, RENOVATE, OR BUILD FACILITIES. THE COMMUNITY LOAN FUND HAS MADE 143 COMMUNITY SERVICES LOANS TOTALING OVER $38.3 MILLION. IN FY2025, THE COMMUNITY LOAN FUND MADE 7 COMMUNITY SERVICES LOANS FOR $1,491,000.2. SINCE 2023, USDA IS PARTNERING WITH THE COMMUNITY LOAN FUND TO MAKE AVAILABLE $186,705,000 IN GRANTS THROUGH TWO NATION-WIDE PROGRAMS: THE LOCAL MEAT CAPACITY GRANT PROGRAM AND THE MEAT AND POULTRY PROCESSING EXPANSION PROGRAM. THE PROGRAMS AIM TO PROMOTE FAIRER, MORE COMPETITIVE AND MORE RESILIENT MEAT AND POULTRY SUPPLY CHAINS. THE COMMUNITY LOAN FUND WILL HELP USDA ADMINISTER THE PASS-THROUGH GRANTS OVER SIX YEARS (2024-2029). THESE REGRANTING ACTIVITIES ARE MANAGED UNDER THE COMMUNITY LOAN FUND'S SUSTAINABLE FOOD SYSTEMS PROGRAM (SFSP). IN FY2025, THE COMMUNITY LOAN FUND DISBURSED $41,706,985 IN PASS THROUGH GRANTS.
- OTHER PROGRAMS
Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Legitimacy checks
Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Has the IRS revoked its tax-exempt status? Passed.
Not on the IRS automatic revocation list.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated October 13, 2026.
Are donations tax-deductible? Passed.
On the IRS list of organizations eligible to receive tax-deductible contributions.
Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending June 2025.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since May 1984.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Is it in good standing with state regulators? Passed.
Not on California's list of charities barred from soliciting. Other states are not yet checked.
Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 21, 2026.
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