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Filing year 2024

THE CHICAGO COMMUNITY LOAN FUND

Chicago, Illinois·EIN 36-3762123·NTEE S20Z · Community Improvement & Capacity Building·501(c)(3)
Total revenue
$18.8M
Total assets
$206M
Total expenses
$10.9M
Reported officers
30
Mission

ORGANIZATION PROVIDES LOW-COST, FLEXIBLE FINANCING TO NON-PROFIT AND FOR-PROFIT COMMUNITY DEVELOPMENT ORGANIZATIONS FOR THE REVITALIZATION OF LOW AND MODERATE INCOME NEIGHBORHOODS THROUGHOUT METROPOLITAN CHICAGO.

Executive compensation, broken down

Form 990 · Part VII & Schedule J · 8 reported individuals · Filing year 2024

Percentile bands compare each position's total pay with the same role at Community Improvement & Capacity Building organizations nationwide.

Interim President and COO
Above 90th percentilevs Community Improvement & Capacity Building peers in Illinois
$410k
$439k
Base
$317k
Bonus
$40k
Other
$128
Benefits
$34k
President
Above 90th percentilevs Community Improvement & Capacity Building peers in Illinois
$384k
$411k
Base
$315k
Bonus
$35k
Other
$128
Benefits
$15k
Chief Financial Officer
Above 90th percentile
$289k
$310k
Base
$225k
Bonus
$30k
Other
$128
Benefits
$21k
Chief Risk Officer & VP Po
Board Vice President
75th to 90th percentile
$250k
$268k
Base
$200k
Bonus
$24k
Other
$128
Benefits
$15k
EVP of Ext. Relations
Executive Vice President
Median to 75th percentile
$237k
$253k
Base
$179k
Bonus
$23k
Other
$128
Benefits
$24k
VP Lending Operations
Board Vice President
75th to 90th percentile
$234k
$251k
Base
$187k
Bonus
$22k
Other
$128
Benefits
$14k
VP Econ. Development
Board Vice President
Median to 75th percentile
$228k
$244k
Base
$178k
Bonus
$15k
Other
$128
Benefits
$24k
Opportunity Zones Consorti
Highest Compensated Employee
75th to 90th percentilevs Community Improvement & Capacity Building peers in Illinois
$210k
$225k
Base
$165k
Bonus
$19k
Other
$65
Benefits
$15k

Teal figures restate each filed amount in 2026 dollars.

Estimated with Chicago-Naperville-Elgin, IL-IN-WI metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 22 unpaid individuals.

Browse compensation in Community Improvement & Capacity Building

Pay in context

Top pay as a share of expenses

In 2024, the highest total compensation at THE CHICAGO COMMUNITY LOAN FUND equaled 4% of the organization's total expenses. The median for community improvement & capacity building organizations is 14%.

This organization (2024)
4%
Sector median
14%
Middle half of sector
6% to 28%

Based on 10,247 community improvement & capacity building organizations, each measured at its most recent filing year with reported expenses and compensation.

Funded by

Private foundations whose Form 990-PF Part XV grants matched this organization.

Down 38%
from 2023

From $660k in 2023 to $410k in 2024.

$660k
2023
$410k
2024
In today's dollarsEst.
Down 40% in real terms$731k to $439k

Estimated with Chicago-Naperville-Elgin, IL-IN-WI metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Pay for the position

Chief Executive Officer pay fell 38% from 2023 to 2024, while revenue rose 20%.

$660k in 2023 to $410k in 2024.
  • Chief Financial Officer pay fell 35% from 2023 to 2024.
  • Board Vice President pay fell 40% from 2023 to 2024.

Pay for the position itself, not any one person. The officeholder may have changed between 2023 and 2024.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.

Among peers

Revenue and top compensation, plotted against similar organizations. This organization is highlighted in cyan.

FAQ

Common questions about THE CHICAGO COMMUNITY LOAN FUND

What does the Chief Executive Officer of THE CHICAGO COMMUNITY LOAN FUND earn?

In 2024, the Chief Executive Officer of THE CHICAGO COMMUNITY LOAN FUND received $409,623 in total compensation. This pay is in the top 10% for Chief Executive Officer roles among Community Improvement & Capacity Building organizations in Illinois: at least 9 in 10 comparable filings report less. Based on IRS Form 990 data.

How does Chief Executive Officer pay at THE CHICAGO COMMUNITY LOAN FUND compare with similar nonprofits?

Compared with the same role at Community Improvement & Capacity Building organizations in Illinois, the 2024 pay of the Chief Executive Officer at THE CHICAGO COMMUNITY LOAN FUND falls in the top 10%. In 2024, the highest total compensation at THE CHICAGO COMMUNITY LOAN FUND equaled 4% of the organization's total expenses. The median for community improvement & capacity building organizations is 14%.

What are THE CHICAGO COMMUNITY LOAN FUND's revenue and expenses?

In 2024, THE CHICAGO COMMUNITY LOAN FUND reported $18.8M in total revenue and $10.9M in total expenses on its IRS Form 990.

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