NCCLF's 2012 Annual Report - Northern California Community ...

Northern California Community Loan Fund
Greetings
from
I took the road less traveled by, and that has made all the difference.
Annual
Report
2012

Our Mission.
The Northern California Community Loan Fund promotes
economic justice and alleviates poverty by increasing the
financial resilience and sustainability of community-based
nonprofits and enterprises.
Through flexible financial products and sound advice,
we create opportunities to make socially responsible
investments that revitalize Northern California communities.
Our Vision.
The Northern California Community Loan Fund envisions
financially strong and culturally vibrant communities where
each person has access to decent jobs, homes, health
care, education, and economic opportunities. We work in
partnership with individuals and organizations who share
our vision of sustainable communities and social and
economic justice.
Celebrating 25 years of
service to Northern California
communities

A Message from NCCLF’s President and Board Chair

I shall be telling this with a sigh
Somewhere ages and ages hence:
Two roads diverged in a wood, and I -
I took the one less travelled by,
And that has made all the difference.
from The Road Not Taken, Robert Frost
When NCCLF was founded over twenty-five
years ago, the road we chose to embark upon
is the one that leads to economic growth, to
healthy communities, to the education and
employment opportunities people mired in
poverty need to make a better life for themselves
and their families. Yet, as Frost’s famous poem
implies, the less traveled path is not always clear,
and it’s often strewn with obstacles. In this case,
the less-traveled road is the difficult journey out
of poverty, deprivation, and economic decline
into a new world of hope and possibilities.
Helping people in need traverse that path is the
heart of NCCLF’s mission.
NCCLF and our fellow Community Development
Financial Institutions have designed the right
roadmap to revitalization for people living in
poverty and distressed communities. Throughout
our history, NCCLF’s loans and financial expertise
have guided community-based organizations
providing the services and facilities needed to
transform neighborhoods, lives, and futures.
Building affordable homes, providing health care,
educating our youth, caring for our seniors and
people with disabilities, creating employment
opportunities, enriching our lives through the
arts – the organizations NCCLF serves do all this
and more. We strive to use what we know about
financing and nonprofit financial management to
clear the path and find a new way forward.
We invite you to accompany us on this journey,
as set forth in this, our FY 2012 Annual Report.
We hope it provides an inspiring glimpse of the
good that can be accomplished when creatively
deployed capital is united with a core mission
of social justice. We deeply appreciate your
generous support over these many years. For it
is thanks to each one of you that we can say with
pride that we took the road less traveled by –
and our work has made all the difference!
Cover photo: Kirke Wilson, Chair, NCCLF Board of
Directors and Mary A. Rogier, NCCLF President.
(Photo by Julio Martinez)

Celebrating Twenty-five years of service to northern California

In 1985, a working group of over
thirty community representatives, financial
professionals, funders, and housing specialists
began meeting to create the Northern California
Community Loan Fund. United by a shared
commitment to community revitalization, they
believed in creating opportunities where their
investment dollars could transform Northern
California’s neediest communities by investing
in the network of nonprofit housing developers
and social service providers serving them.
In 1987, these founding members incorporated
NCCLF as a 501(c)(3) nonprofit, opened its
doors to investors, and began making loans.
In 2012, NCCLF celebrated
twenty-five years of service to
Northern California.
In those twenty-five years, NCCLF has become
a regional lender and technical assistance
provider, supplying loan capital and financial
training to organizations that develop affordable
housing, community facilities, job training
programs, and vital human services throughout
Northern California.
Both the U.S. Treasury Department and the
State of California have certified NCCLF as a
Community Development Financial Institution
(CDFI), and we have a lender’s license from the
California Department of Corporations.
In 2012, NCCLF was proud to receive a AAA1
CARS rating, the highest rating possible. We
are one of only five CDFIs nationwide to receive
this rating. CARS (CDFI Assessment and
Ratings System) is the only comprehensive, thirdparty
assessment of a CDFI’s financial strength
and performance and, most importantly, level of
community impact.
The best way to understand NCCLF’s impact is
to hear about the vitally important work of our
clients. We hope you enjoy the stories we’ve
prepared for you in this annual report. It’s been a
long and interesting journey, and we look forward
to further travels with your support.
Cover photo: (left to right) Some of NCCLF’s founders;
Kirby Sacks, Helen Cohen, and Peter Stern.
(Photo by Julio Martinez)

Twenty-five years of NCCLF’s Lending Services

In our twenty-five year history, NCCLF has
provided loans to hundreds of nonprofit
organizations that develop affordable housing,
community facilities, job training programs,
and vital human services throughout Northern
California. We meet these organizations’ needs
in a variety of ways.
In 2001, we loaned $216,000 to Loaves & Fishes,
a Contra Costa County homeless service provider
to build a catering kitchen. The organization had
started in 1983 as a volunteer sandwich giveaway
and quickly expanded to using local churches
for makeshift kitchens. When the organization
realized they needed their own kitchen, they
turned to NCCLF for help.
Along with the loan, NCCLF also provided
technical assistance in construction oversight.
Today, Loaves & Fishes serves free, hot nutritious
meals to the hungry from eight locations
throughout Contra Costa County and distributes
60 tons of groceries annually to those in need.
NCCLF works with many of our nonprofit
clients on a long-term basis, providing different
financial services as needs change over the
years. Alzheimer’s Services of the East Bay
(ASEB) is a nonprofit community organization in
Berkeley that provides services for individuals
with dementia and their families. Nearly 65%
of their clients are low-income; many are
women and minorities. In 1994, we provided a
real estate loan for a new facility; in 2000, we
provided a $100,000 line of credit to assist the
organization’s cash flow; and in 2002, we even
gave them a “car loan” so they could buy
a nine-passenger shuttle bus to transport
clients between their homes and ASEB’s adult
day care program.
While our products may change over time,
our goal is always the same: to help our
clients serve their communities and thrive.
NCCLF partners with nonprofit organizations
for multiple projects, at different stages in their
organizational growth, and in varying economic
climates to strengthen their sustainability. While
our products may change over time, our goal is
always the same: to help our clients serve their
communities and thrive.
Cover photo: A volunteer in the kitchen at Loaves &
Fishes of Contra Costa County.
(Photo courtesy of Loaves & Fishes)

Twenty-five years of NCCLF’s Consulting and Training services

The financial strength of a nonprofit determines
its long-term sustainability. Building its financial
capacity ensures that an organization makes
informed decisions that lay a strong foundation
for the future. In 2001, NCCLF designed a
financial and real estate consulting and training
program to teach nonprofits how to use
resources strategically – how to align the money
with the mission. Since that time, NCCLF’s
consulting staff has helped support and
strengthen hundreds of nonprofit organizations
throughout Northern California.
Our consulting and training program has
helped hundreds of nonprofits make smart,
sound, financial and real estate choices.
Central City Hospitality House (CCHH) has been
a beacon of hope for the homeless community
in San Francisco since 1967. Their programs
include two Self-Help Centers, a Community Arts
Program, a Community Building Program, and a
shelter for homeless men. In 2002, NCCLF worked
with CCHH to improve its budgeting process.
In 2010, we helped them locate a temporary
space for their Community Arts Program, the only
free-of-charge fine arts studio for homeless and
poor artists in San Francisco. The program relies
heavily on sales of the art they create. Since their
move to the Central Market Arts District, art sales
have tripled, and the number of people stopping
to view the art in the windows has skyrocketed.
In 2011, NCCLF conducted a review of CCHH’s
program budgets to help them strengthen their
financial position and make critical decisions
about their future, including a long-term lease
for the Community Arts Program to remain in
their current space.
As part of NCCLF’s commitment to strengthen
the service capabilities of Northern California
nonprofits, our consulting and training program
has helped hundreds of nonprofits make
smart, sound, financial and real estate choices
that strengthen their bottom line and achieve
their mission.
Cover photo: An artist at work at Hospitality House,
located in San Francisco’s Central Market.
(Photo by Julio Martinez)

New Market Tax Credits revitalizing low-income communities

The federal New Markets Tax Credit (NMTC)
program revitalizes distressed communities by
encouraging private investment and economic
growth. The program attracts investment
capital by offering private investors a tax credit
in exchange for making equity investments in
economic revitalization projects. Over the past
four years, NCCLF has received $60 million in
NMTC allocation authority.
We are proud that our first NMTC client was
the Ed Roberts Campus. Named after the
inspirational disability advocate and founder
of UC Berkeley’s Physically Disabled Students
Program, the Ed Roberts Campus is an
international model of dedication to disability
rights and universal access. The 80,000 sq. ft.
building, located at the Ashby BART station
in Berkeley, incorporates exhibition space,
community meeting rooms, a child development
center, a fitness center, offices for nonprofit
organizations, and vocational training facilities.
The Campus integrates sophisticated design
solutions to provide universal access and
environmentally sustainable development.
We use our New Market Tax Credit
expertise to create new jobs.
NCCLF worked with Catholic Healthcare
West, Mercy Partnership Fund, the National
Development Fund, and JPMorgan Chase in a
public-private partnership to finance the project.
Since this first allocation, NCCLF has
distributed an additional $35 million in New
Market Tax Credits to other projects, using our
NMTC expertise to create new jobs and other
benefits in some of Northern California’s most
distressed communities. We have found creative
ways to use this program to improve the
lives of thousands of our region’s most
impoverished citizens.
Cover photo: The Ed Roberts Campus under
construction in 2008 and today.
(Photos by Roy Manzanares)

Social Impact: Bringing New Capital to Communities in Need
Total Lending
1987-2012
FY2012
$91,669,816 $13,520,374
Total Financing
Leverage
$1,069,586,077
$50,372,799
Housing Units
Created/Preserved
5,742
85
Our loans support nonprofit projects and enterprises that benefit low-income residents
or communities throughout the 46 northernmost counties of California.

Social Impact: Bringing New Capital to Communities in Need
Clients
Served
1987-2012
703,108
FY2012
105,513
Jobs Created/
Preserved
14,459
1,449
Facility Sq. Ft.
Created/Preserved
1,517,845
129,696
Our flexible loan terms help develop affordable housing, community facilities, job training
programs, and vital human services throughout Northern California.

Sources of Loan Capital
Government
Nonprofit/Associations
Religious/
Health Organizations
Individuals
Foundations
Banks
Permanent Capital
1%
1%
14%
16%
17%
26%
26%

NCCLF’s Lending FY02 - FY12
$14 million
$13,520,374
$12 million
$10 million
$9,953,842
$8 million
$9,080,711
$8,763,032
$6,987,147
$7,789,031
$6 million
$5,186,568
$5,545,415
$4 million
$3,516,629
$4,195,769
$2 million
$1,761,000
2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012

Axis Community Health low-income community health care

Axis Community Health has provided medical
care, mental health counseling, and a Women,
Infants and Children nutrition program to
low-income residents in the Tri-Valley area
of Eastern Alameda County since 1972. Axis
is the only nonprofit provider of medical care
for low-income and uninsured residents in the
Tri-Valley area.
“We really felt NCCLF understood our
business...They were right there with us
during the whole process.”
Mariela, a fourteen-year resident of Pleasanton,
has helped countless families receive medical
services at Axis Health through her work at her
church. But when her husband lost his job and
health insurance in 2011, she turned to Axis
Health for her own family’s health needs. “My
husband was so sick with the flu,” says Mariela.
“That’s when I realized I needed to follow my
own advice and take him to the Axis. The health
center is the greatest gift to this community.”
Between 2007 and 2010, the Tri-Valley area
saw a 65% increase of people living under
federal poverty levels. The rapid growth in
patient visits to Axis Health strained
the facility’s capacity. In 2009, Axis Health
was designated a Federally Qualified Health
Center, which increased their funding, but also
required that they enroll 4,000 patients over a
three-year period.
“Four years ago we began working with a
project consultant on ways we could consolidate
our offices and expand our services,” says
Sue Compton, Axis Health’s executive
director. “But we were considered a high risk
by conventional lenders. Luckily for us, our
consultant recommended NCCLF.”
NCCLF loaned Axis Health $1,997,500 to help
finance the purchase and renovation of a new
24,000 sq. ft. space. The new facility, which is
expected to open in 2014, will provide medical
and behavioral health care, patient education,
and laboratory services. “We really felt NCCLF
understood our business and their focus on
Northern California was important to us,” says
Ms. Compton. “They were right there with us
during the whole process.”
Cover photo: A patient receives care at Axis
Community Health. (Photo courtesy of Axis Health)

St. Anthony Foundation providing A gateway out of poverty

Since 1950, San Francisco’s St. Anthony
Foundation has been a gateway out of poverty
for the most vulnerable among us: seniors,
veterans, the physically disabled, the mentally
and addictively ill, the unemployed and
underemployed. The organization runs a medical
clinic open to all, provides free hot meals, and
hosts two monthly food distribution programs,
giving groceries to nearly a thousand low-income
residents and seniors.
St. Anthony’s dining room was in an outdated,
inefficient, hundred-year old building that was
previously used as an auto repair shop. When
the foundation was ready to build a new dining
room, they turned to NCCLF’s experts to help
them navigate the process. NCCLF showed them
how to use New Market Tax Credit financing,
structured the project financing, connected them
with a project team, and identified the tax credit
investors.
“St. Anthony’s couldn’t have done the financing
for our new dining room without the expertise
and strong support from NCCLF. They held our
hand every step of the way,” says St. Anthony’s
CFO, Juliana Grenzeback. “NCCLF played a key
role in helping St. Anthony’s build a new dining
room that will continue to feed the hungry in San
Francisco for generations to come.”
Construction for the new dining room is
underway. By the end of 2013, it will be ready to
serve thousands of hungry visitors and volunteers
who will enjoy their meals in a more spacious,
up-to-date, and welcoming building.
“St. Anthony’s couldn’t have done the financing
for our new dining room without the expertise
and strong support from NCCLF.”
Cover photo: A mother and child enjoy a meal together
in St. Anthony’s dining room. (Photo by Julio Martinez)

San Jose Environmental Center innovating green technology

The San Jose Environmental Innovation
Center (SJEIC) began as just a household
hazardous waste drop-off site, but has grown
into an ambitious and innovative multi-service
facility that will eventually host the Clean
Technology Demonstration Center (CTDC), a
Habitat for Humanity ReStore, and a green jobs
training center. The surrounding low-income
neighborhood will be revitalized by an “urban
village” and a rapid transit hub.
“NCCLF was recommended because of their
previous experience with New Market Tax Credits.”
The SJEIC will feature a sustainable and
environmentally friendly design, earning LEED
gold certification. The Lawrence Berkeley
National Laboratory, a leader in research on
clean, sustainable energy, will be a partner at
CTDC. The Center also helps the city meet
its Green Vision goals, a fifteen-year plan to
make San Jose a world center of “clean tech”
innovation and environmental stewardship.
“We approached the graduate students enrolled
at San Jose State University’s Department of
Urban & Regional Planning to develop a master
plan for an Urban EcoPark,” explains Jo Zientek,
Deputy Director for the city’s Environmental
Services Department. “The plan they produced
was so innovative, it received the Neighborhood
Planning Award from the California Chapter of
the American Planning Association.”
NCCLF’s $10 million allocation in New Market
Tax Credits (NMTCs) was combined with
allocations from two other partners to finance the
$31 million project. “NCCLF was recommended
because of their previous experience with
NMTCs; they were an obvious partner in the
development of the Center,” says Ms. Zientek.
The San Jose Environmental Innovation Center
is expected to be finished in early 2014. This
groundbreaking project will help spur the local
economy, develop clean technologies, and
revitalize the surrounding communities.
Cover photo: The San Jose Environmental Innovation
Center under construction. (Photo by Julio Martinez)

JPMorgan Chase supporting affordable housing preservation

JPMorgan Chase awarded a $2 million grant
to NCCLF in 2012. The grant facilitates loans
that support larger-scale affordable housing
preservation projects in the greater San Francisco
Bay Area and Central Valley.
One project that benefited from Chase’s grant is
the Lorenz Hotel, a historic property in downtown
Redding that provides single-room occupancy
(SRO) units for very low-income seniors.
Working with five other partners, NCCLF
provided a loan to finance the predevelopment
work to upgrade the SRO units to 24 studio
and 36 one-bedroom apartments. The project,
currently under construction, will vastly improve
the quality of life of the hotel residents.
“NCCLF is well respected in their communities
and has forged deep relationships with their
clients and community leaders.”
Chase has partnered with NCCLF since 1998,
supporting us in developing innovative ways
to provide much-needed financing to preserve
affordable housing units. We thank Chase for
their generous support over the years and look
forward to working with them in the years to
come.
“This is one more way we are helping
communities thrive and grow in this challenging
economy,” says Georgette Bhathena, of Global
Philanthropy at JPMorgan Chase. “NCCLF is
well respected in their communities and has
forged deep relationships with their clients
and community leaders. Our grant ultimately
will help increase the financial resilience and
sustainability of community-based nonprofits
and enterprises that serve low-income
populations throughout Northern California.”
Cover photo: Lorenz Hotel. (Photo courtesy of Christian
Church Homes) Inset photo: Mary A. Rogier, President
of NCCLF; Georgette Bhathena, Northern California
Relationship Manager, Global Philanthropy at JPMorgan
Chase, and Andre Madeira, Vice President, JPMorgan
Chase Community Development Banking.
(Photo by Julio Martinez)

Condensed Statement of Financial Position
Year Ended September 30, 2012
General Fund Loan Fund Total
ASSETS
Cash and Investments $ 5,616,844 $ 18,303,570 $ 23,920,414
Loans to Community Borrowers $ 18,708,918 $ 18,708,918
Other Assets $ 1,977,715 $ 435,939 $ 2,413,654
TOTAL ASSETS $ 7,594,559 $ 37,448,427 $ 45,042,986
LIABILITIES AND NET ASSETS
Interest and Accounts Payable $ 564,211 $ 9,269 $ 573,480
Notes Payable to Community Investors $ 27,842,063 $ 27,842,063
Other Liabilities $ 2,073,613 $ 2,073,613
TOTAL LIABILITIES $ 2,637,824 $ 27,851,332 $ 30,489,156
Unrestricted Net Assets $ 4,728,653 $ 9,597,095 $ 14,325,748
Temporarily Restricted Net Assets $ 228,082 $ 228,082
TOTAL NET ASSETS $ 4,956,735 $ 9,597,095 $ 14,553,830
TOTAL LIABILITIES & NET ASSETS $ 7,594,559 $ 37,448,427 $ 45,042,986
The financial information provided is drawn from the Northern California Community Loan Fund’s audited financial statements,
copies of which are available upon request.

Condensed Statement of Activities and Changes in Net Assets
Year Ended September 30, 2012
Unrestricted Temporarily Restricted Total
SUPPORT AND REVENUE
Grants and Contributions $ 3,922,812 $ 275,000 $ 4,197,812
Interest and Investment Income $ 1,973,399 $ 1,973,399
New Markets Tax Credit Income $ 1,027,344 $ 1,027,344
Consulting and Other Fee Income $ 494,190 $ 494,190
Net Assets Released from Restrictions $ 278,721 $ (278,721)
TOTAL SUPPORT & REVENUE $ 7,696,466 $ (3,721) $ 7,692,745
EXPENSES
Program Services:
Direct Lending $ 2,182,605 $ 2,182,605
New Markets Tax Credit $ 283,587 $ 283,587
Consulting and Training $ 974,021 $ 974,021
New Program Development $ 135,184 $ 135,184
Capitalization $ 326,627 $ 326,627
Total Program Services $ 3,902,024 $ 3,902,024
Supporting Services:
Management and General $ 184,711 $ 184,711
Fundraising $ 244,492 $ 244,492
Total Supporting Services $ 429,203 $ 429,203
Total expenses $ 4,331,227 $ 4,331,227
Change in net assets $ 3,365,239 $ (3,721) $ 3,361,518
Net assets, beginning of year $ 10,960,509 $ 231,803 $ 11,192,312
Net assets, end of year $ 14,325,748 $ 228,082 $ 14,553,830

Donors WE ARE GRATEFUL FOR THE GENEROSITY OF our DONORS
Organizations
$50,000 and up
Bank of America
Citi
Evelyn & Walter Haas, Jr. Fund
JPMorgan Chase
Opportunity Finance Network
San Francisco Grants for the Arts
The William and Flora
Hewlett Foundation
$1000 - $49,000
Anonymous
Bank Leumi
Bank of the West
Charles Schwab Bank
Chinatown Community
Development Center
Corporation for Enterprise
Development
Dominican Sisters of San Rafael
Equity Community Builders
Kayne Anderson Rudnick
Wealth Advisors
Manufacturers Bank
Mechanics Bank
Northern Trust, NA
Oliver & Company
Presidio Bank Investment Fund
Religious Communities
Investment Fund
Silicon Valley Bank
Sisters of St. Dominic
State Street Foundation
Sterling Bank
U.S. Bank
Union Bank
Wells Fargo Bank
Y&H Soda Foundation
Up to $999
Asian Neighborhood Design
California Resources and Training
Community Economics, Inc.
DSK Architects
East Bay Asian Local
Development Corporation
Genesis Family Center
Hearth Homes Community Building
Local Initiatives Support Corporation
Mercy Housing California
Network for Good
Nixon Peabody, LLP
Opportunity Fund
Orrick, Herrington & Sutcliffe, LLP
Sacramento Native American
Health Center Inc.
San Francisco Arts Education
San Francisco Housing
Development Corporation
Sisters of the Holy
Tenderloin Neighborhood
Development Corporation
Individuals
$5,000 and up
S.W. Dittenhofer, III
Ann M. Hatch
Tom Meyer and Julie Stevenson
Peter Stern
Karen Weil
$1,000 - $4,900
Elizabeth Boardman
James H. Abrams
Jane Baker
Clara Basile
Susan Chamberlin
Laurie Cohen
Alma En Paz
David A. Friedman and
Paulette Jean Meyer
Patricia GoPaul
Adrienne Hirt and Jeffrey Rodman
Lona Jupiter
Molly Lazarus
Phillip and Susan Marineau
Pamela Merchant and Kirby Sack
Gertrude Reagan
John Rodgers
Mary A. Rogier and Sarah Nelson
Diane Spirandelli
Jill Storey and Richard Fisher
Lydia Tan
Susan Vickers, RSM
Patricia Wolfe
$500 - $999
Linda Boessenecker
Ann Cameron
Holly Hayes and Carl Stern
Elizabeth Pigford
Kirke and Anne Wilson
Up to $499
Guy Baldwin
Alvin H. Baum, Jr.
Elizabeth Benedict
Carroll Brentano
Claudia Cate
Lisa Chen
Felix Cheng
Helen S. Cohen
Florence Cook
John Cotton
Margaret Diener
David Leland Fair and
Vickie Scott Grove
Cristina Flores
Joseph Fong
Margo George
David Guggenhime
Hadley Dale Hall and
L. Warde Laidman
John Harrington
Flora Kay
Paul Kivel and Mary Luckey
Bill Lambert
Stephen L. Leeds
Alan Malouf, DDS
Janice McCall
Robert C. McConnell
Brenda Gates-Monasch
Jamie Osborn
Margaret O. and
Charles A. Pilgrim, Jr.
Amy Rassen
Thomas Ray
Suzanne Rubel
Peter S. Samis
Jack Sawyer
William Scala
Ilana Schatz and David Lingren
Sherry Simmons
Paul Sussman
Dolores Taller
Sandy Weil
Mark Weisman
Steven Winter
Tim Wolfred
David Zebker
In-Kind Donors
Cooley Godward Kronish, LLP
Citrix
Dechert, LLP
Dreamhost
Esri, Inc.
Federal Reserve Bank of
San Francisco
Greene Radovsky Maloney
Share & Hennigh, LLP
Google
Hugh Groman Catering
Magnolia Photo Booth
Microsoft
Orrick, Herrington & Sutcliffe, LLP
Rubicon Bakery
Salesforce.com Foundation
Sherman & Sterling
Starbucks

Investors WE ARE GRATEFUL FOR THE COMMITMENT OF OUR INVESTORS AND FINANCIAL PARTNERS
Individuals
Ralph Alpert
Anonymous
Marc Van Anda
Robert Bacon
Holly Badgley and Peter Stern
Jane Baker
Barbara Fletcher Barbour
Peter Barnes
Alvin H. Baum, Jr.
Jesse Bean
Benjamin Bear and
Nancy Noah-Bear
Richard Bernius - Julia Busgang
Trust Investment
Laurie Bernstein
Iris Biblowitz
Dorrit Billman and
Richard Billington
Joani Blank
Elizabeth Boardman
Peter Brastow
William and Victoria Bruckner
Erin Callahan
Carol Cavanaugh
Chechanover Family Trust
Cory Cherk and Chris Davidson
Joanie Ciardelli
Mary Ann Cobb
Jonathan Cohen and
Eleanor Friedman
John Cook and
Gabriel D. Speyer
Florence Cook
Ron Cordes Family Trust
Cotton Family Trust
Linda Dallin and Paul Sussman
Judith Dambowic
S. W. Dittenhofer, III
Marta Drury Trust
James R. Eitel
Caroline L. Everts
Michael S. Falk
Mary Ford and Robert Lewis
Susan Frank
Fresh Pond Capital
(three clients)
David Friedman
Max Meyer Friedman
Meryl Meyer Friedman
Richard Galloway and Zoia Horn
Marty Glick and Judy Zollman
Lenore Goldman
Patricia GoPaul
Gray Family Trust
Deborah Gray
Michael and Claire Gray
Marion E. Greene Trust
Ilene L. Gusfield
Hadley Dale Hall and
L. Warde Laidman
Mike Hannigan
Marge Harburg
Elisabeth Hardman Rix
Holly Hayes and Carl Stern
Alice Henry
Adam Hochschild
Lisa Honig
Glenda Hope
Catherine Howard
Martha Hyde
David Jaber
Lona Jupiter
Gunther Kay Non-Marital Trust
Paul Kivel and Mary Luckey
Joseph Kresse
Karen Larsen
Stephen L. Leeds
Myra Levy and Charlie Varon
Richard D. Lewis, Jr.
David Lingren and Ilana Schatz
Oliver H.P. Lloyd
Longinotti Revocable Living Trust
Loring, Wolcott & Coolidge
Trust LLC (four clients)
Susan Lynn and
Sorca M. O’Connor
Stephen Matchett
Arlene Mayerson
Adair McClatchy
Chris McCluney
Robert C. McConnell
Pamela Merchant
Paulette Meyer
Kate Meyer
Phyllis Murphey
Suse Nakata
Zaitlin-Nienberg Family
Living Trust
Henry Obermayer
Daniel Van Olst
Jeffrey A. Ordower
Wendy Oser
Hanna Pitkin
Elizabeth Jane Rankow
Rhine Living Trust
Charlotte Rieger
Bond Rifas Family Trust
Joan and Bill Robbins
Hirt-Rodman Family Trust
Mary A. Rogier
William Roth
Meredith Sabini
Kirby Sack
Mark Schack
Sherri Schultz
Marie Schutz
Jane Segal
Aaron/Sherman Trust
Patricia Silver
Sally Smyth
William Stewart
Janet Stone
Dolores Taller
Wendy Tanowitz
Frances Taylor
Bonnie Thomas
Trillium Asset Management
(five clients)
Marianna Tubman
Elia and Halimah Van Tuyl
Alfred Twu
Susan Vickers
Volkmann Family
Limited Partnership
Albert Wald
Léonie Walker
Sandy Weil
James and Janet Wenninger
Robert Winant
Molly and Dennis Wuthrich
Richard Yurman

Investors (continued)
Banks
Northern Trust Company
Manufacturers Bank
JPMorgan Chase Bank, N.A.
Bank of America
Wells Fargo Community
Development Corporation
Boston Private Bank & Trust Co.
First Republic Bank
U.S. Bancorp Community
Development Corporation
Compass Bank
Bank of the West
East West Bank
United Labor Bank
Presidio Bank
Charles Schwab Bank
Foundations
People’s Life Fund
Calvert Social Investment Foundation
Friedman Family Foundation
Erich and Hannah Sachs Foundation
Wallace Alexander Gerbode Foundation
The Annie E. Casey Foundation
S.H. Cowell Foundation
The San Francisco Foundation
The California Endowment
Rose Foundation for Communities
The Massena Foundation
Religious Institutions
Sisters of Charity of the
Blessed Virgin Mary
Marist Society, Inc.
California Province, Society of Jesus
Dignity Health
Sisters of St. Joseph of Orange
Sinsinawa Dominicans
Sisters of the Holy Names of Jesus
and Mary, Province of California
St. John’s Presbyterian Church-Berkeley
Congregation of the Sisters of Charity
of the Incarnate Word
Sister of Mercy of the Americas West
St. Joseph Health System
Catholic Health Initiatives
St. Ignatius Church
Mercy Investment Services, Inc.
Trinity Health Corporation
Marianist Province of the United States
Religious Communities Investment Fund
San Francisco Network Ministries
Nonprofits and Government Agencies
City of Livingston
Community Economics, Inc.
Stiles Hall
Youth Enrichment Strategies
Financing Partners
Dignity Health
Enterprise Community Loan Fund
Local Initiatives Support Corporation
Low Income Investment Fund
NCB Capital Impact
New Market Tax Credit Partners
Clearinghouse CDFI
JPMorgan Chase Bank, N.A.
National Development Council
Nonprofit Finance Fund
San Francisco Community Investment Fund
U.S. Bank
A volunteer at St. Anthony’s dining
room with one of the community
members they serve.
(Photo by Julio Martinez)

Staff
Mary A. Rogier
President
Jonathan Austin
Real Estate Consultant
Guy Baldwin
Business Systems Analyst
Leiasa Beckham
Real Estate Consultant
Lori Campbell
Financial Management
Consultant
Board of Directors
Ross Culverwell
Director of Lending
Teresa Davis
Consulting Program
Analyst
Maureen DeCoste
Development/Marketing
Associate
Shobna Dhewant
Senior Loan Office
Kelly Ehrenfeld
Loan Associate
Elizabeth Boardman
Community Activist
Linda Boessenecker, CEO
Girls Inc. of Alameda County
Ann F. Cameron
Senior Vice President/Banking Manager
Northern Trust Bank
Moy Eng (on leave), Executive Director
Community Schools of Music and Arts
Central Valley Advisory Council
Thomas Collishaw (Chair)
Vice President, Director of Development
Self-Help Enterprises
John Chan, Vice President, US Bank
Arthur Dyson, Architect
Gabriela Mello, Community Development
Wells Fargo
Eric Foley
Loan & Compliance
Associate
Kavita Gobburi
Loan Officer
Grayton Huang
Senior Accountant
Joanne Lee
Director of Financial Consulting
and Program Development
Eddy Lopez Jr.
Executive Assistant
Patricia GoPaul, Esq., Vice President
Impact Community Capital
Andy Madeira, Vice President
Community Development Banking
JP Morgan Chase Bank, N.A.
Amy Rassen, President
Rassen and Associates
Ilana Schatz, President
Fair Trade Judaica
Camille Pannu, Staff Attorney
Sustainable Economies Law Center
Debbie Raven, Executive Director
Small Valley Business Corporation
Tim Rios, Senior Vice President and
Community Development Manager
Wells Fargo
Cristian Martinez
Office Manager
Janna Mancini
Development Associate
Dan McDonald
Deputy Director of
Lending
Alice Rocha
Business Development
Loan Officer - Fresno
C. Lea Salem
Director of Finance
and Administration
Sherry Simmons
Director of Resource
Development
Joshua Simon
Director of Real Estate
Karen Sullivan
Loan Officer
Mark Sutton
Policy & Program Analyst
David Wilkinson
Real Estate Consultant
John Sedlander, Chief Financial Officer
Institute on Aging
Margaret Stone
Community Activist
Lydia Tan, Executive Vice President - Director
Northern California Operations
Related California
Anna Yee, Deputy Director
Chinatown Community Development Center
Kirke P. Wilson (Board Chair)
Community Activist
Dr. Vida Samiian, Dean of Arts and Humanities
California State University of Fresno
Michael Sigala, Sigala, Inc.
Dennis Woods, President, United Security Bank

Our Staff Greetings from all of us at NCCLF
(Front row, left to right) Mary A. Rogier, Eric Foley, Teresa Davis, Leiasa Beckham, Shobna Dhewant, Karen
Sullivan, Lori Campbell, Joanne Lee, Janna Mancini, C. Lea Salem, Maureen DeCoste, and Sherry Simmons
(Back row, left to right) Kavita Gobburi, Mark Sutton, Joshua Simon, Guy Baldwin, Ross Culverwell, Kelly
Ehrenfeld, David Wilkinson, Cristian Martinez, Dan McDonald, Eddy Lopez Jr., and Grayton Huang (Absent
from the photo: Jonathan Austin and Alice Rocha) (Photo by Julio Martinez)

870 Market Street
Suite 677
San Francisco, CA 94102
Tel: 415.392.8215
Fax: 415.392.8216
Central Valley Office
4949 E. Kings Canyon Road
Suite 108
Fresno, CA 93727
559.452.0327
www.ncclf.org
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