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Neighborhood Finance Corporation

Des Moines, IAEIN: 42-1353472Website

Data sourced from IRS 990 public filings

Neighborhood Finance Corporation Neighborhood Finance Corporation's (NFC) primary mission is neighborhood revitalization, achieved through sustainable homeownership and renovation lending funded by local financial institutions, paired with forgivable loans funded by local governments. As economic and environmental challenges arise, NFC's relevance has only increased. NFC continues to launch new programs to address housing affordability challenges. The additional programs include, the Neighborhood Reinvest and Journey to Homeownership down payment assistance program and Energy Advantage to decrease energy costs for homebuyers and homeowners.

Local (City/County Level)
Low-Income/Economically Disadvantaged
Direct Service Delivery
Housing & Homelessness
Affordable Housing Development
Education & Awareness

Annual Revenue

$11,435,858

Known Funders

8

Grants Received

11

Financial History

YearRevenueExpensesAssets
2024$11,435,858$7,188,936$114,231,342
2023$11,560,978$7,208,888$101,198,135
2022$6,795,518$6,636,986$94,727,126
2021$8,973,423$6,429,795$90,667,439
2020$6,112,359$6,039,750$89,056,709
2019$10,692,251$5,645,686$90,561,749
2018$12,569,017$4,879,632$85,751,646
2017$8,221,677$4,617,590$81,515,126

Top Funders

$431,500 (2022)
$242,808 (2022)
$200,649 (2021)
$100,000 (2021)
$6,000 (2023)
Athene Charitable Foundation

WEST DES MOINES, IA

$5,000 (2023)
ITA GROUP FOUNDATION

WEST DES MOINES, IA

$500 (2022)

Key Personnel

From 2024 IRS 990 filing

T

Travis Simpson - President

Northwest Bank

Officer
L

Linda Westergaard - Vice

President City of Des Moines

Officer
S

Scott Overland - Secretary

City of Cedar Rapids

Officer
M

Marsha Kephart - Past President

Iowa State Bank

Officer
A

Almardi Abdalla

Neighborhood Representativ

B

Brenner Myers From 102224

Neighborhood Representativ

C

Chris Johansen

City Of Des Moines

C

Cole McClelland

Bankers Trust

D

Danielle Rodriquez Until 080124

Neighborhood Representativ

D

Dave Williamson

Polk County Public Works

Showing 10 of 20 key personnel.

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