Neighborhood Finance Corporation
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.
Neighborhood Finance Corporation has received 14 grants from 9 known foundation funders. Revenue decreased from $11,560,978 in 2023 to $11,435,858 in 2024. Most recent reported revenue: $11,435,858.
Annual Revenue
$11,435,858
Known Funders
9
Grants Received
14
Financial History
| Year | Revenue | Expenses | Assets |
|---|---|---|---|
| 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
WASHINGTON, DC
CEDAR RAPIDS, IA
CEDAR RAPIDS, IA
Des Moines, IA
DES MOINES, IA
MINNEAPOLIS, MN
MINNEAPOLIS, MN
Billings, MT
Billings, MT
DES MOINES, IA
Key Personnel
From 2024 IRS 990 filing
Travis Simpson - President
Northwest Bank
Linda Westergaard - Vice
President City of Des Moines
Scott Overland - Secretary
City of Cedar Rapids
Marsha Kephart - Past President
Iowa State Bank
Almardi Abdalla
Neighborhood Representativ
Brenner Myers From 102224
Neighborhood Representativ
Chris Johansen
City Of Des Moines
Cole McClelland
Bankers Trust
Danielle Rodriquez Until 080124
Neighborhood Representativ
Dave Williamson
Polk County Public Works
Showing 10 of 20 key personnel.
Frequently Asked Questions
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