Community Investment Center
Back to Community Investment Center
Powered by: SRI World Group web development services Calvert Foundation

One North LaSalle
Suite 700
Chicago, IL 60602

Contact: Trinita Logue, President and CEO
Phone: (312) 629-0060
Fax: (312) 629-0061

Formed in 1988, IFF is a nonprofit community development financial institution (CDFI) whose mission is to strengthen nonprofits providing critical services to low-income communities. IFF finances real estate for nonprofit corporations, provides consulting for facilities planning and development, conducts research, and leads targeted public policy initiatives. IFF serves child care centers, health clinics, homeless shelters and other nonprofits in Illinois, Indiana, Iowa, Missouri and Wisconsin. As of June 30, 2009, IFF had made 709 loans totaling $246 million.


IFF's Loan Program is designed to help nonprofits acquire, build and renovate their own facilities, while increasing net assets and financial stability. IFF's signature product is a long-term, no-fee, fixed-rate, below-market loan for the acquisition, construction and/or rehabilitation of real estate. Formally established in 1996 to assist nonprofits lacking the expertise needed to complete real estate projects, IFF's second primary program is Real Estate Services (RES), a full-scale real estate operation that provides real estate consulting, project planning, and construction management services at below-market rates. Finally, IFF conducts independent applied and primary research for and about the nonprofit sector, helping leaders make informed decisions about programs and services, resources, and public policy.

Client Population

IFF works with nonprofits serving low-income and special needs populations. During 2008, 93% of the 200,000 plus clients served by IFF borrowers who received loans during the year were low-to-moderate income; 39% were African American, 47% were Caucasian, 9% were Hispanic and 2% were Asian.


IFF's loan portfolio has grown from $2.7 million in 1991 to $128.7 million as of June 30, 2009. Since inception, IFF has made more than 700 loans to nonprofits that serve more than 1.5 million clients annually. IFF loans have saved nonprofits over $14 million and have helped create or maintain more than 28,000 jobs. By providing affordable and flexible financing unavailable from traditional sources, IFF loans have allowed agencies to build equity, add to neighborhood real estate assets, create new employment opportunities, and serve their communities with better and expanded programs.


Individual Advocacy Group, Inc. (IAG) provides training services, therapy, and residential programs for children and adults with severe behavioral, developmental, and mental health disabilities. In 2007, IAG approached IFF for assistance acquiring two leased facilities to expand its Continuing Education Center in Romeoville, a city in the southwest suburbs of Chicago. The Center helps individuals with developmental and other disabilities participate in their community by providing life skills and vocational training. The Center was located in one of the leased facilities, and IAG wanted to expand its continuing education programs to the adjacent facility that the agency had been leasing for administrative space. IAG first approached a bank to finance the project, but could only secure 80% of the total project cost. In January 2008, IFF approved a $750,000 loan to IAG, financing more than 90% of the $810,000 acquisition costs. Full Story

Back to Community Investment Center

Mutual Funds | Community Investing | News | Sustainability Reports | Corporate Research | Shareowner Actions | Financial Services | Conferences
Home | Login | Contact | Support This Site | Terms of Use | Privacy Statement | Reprints

© 1998-2018 SRI World Group, Inc. All Rights Reserved.

Created and maintained by
SRI World Group web development services
Do your own research Work with an advisor SRI News SRI Learning Center Home