CDFI Connect Community Discussions

Subscribe to CDFI Connect Community Discussions feed CDFI Connect Community Discussions
View RSS Feed from Opportunity Finance Network
Updated: 17 min 29 sec ago

Next Thursday - Take Back Control of Your CDFI Fund Financial Assistance Application!

Fri, 2020-01-24 15:22
From : Communities>>Open Forum
Dear Colleagues: please join us next week to learn about an 'app' to improve the competitiveness of you next CDFI Fund Program application. Webinar : Take Back Control of Your CDFI Fund Financial Assistance Application! Hosted by: Jason Friedman and Amy Szabo, Friedman Associates Would you agree that the most challenging part of the CDFI FA application is the Financial Data sections? Neither the Excel workbook provided by the CDFI Fund nor AMIS™ tell you if your financial performance and portfolio [More]

Group Housing for AmeriCorps Members

Fri, 2020-01-24 10:08
From : Communities>>Open Forum
Hi, Does anyone have experience financing group housing for AmeriCorps participants (and similar programs) being placed at area nonprofits?  Like nearly everywhere, there are abysmally low vacancy rates in NH and further, given the rural nature of much of our state, even when relatively short term housing is found, it can often be an isolating experience or otherwise not ideal. We've recently fielded several financing inquiries from organizations looking to create such an option for AmeriCorps participants [More]

Community of Practice discussions and individualized Technical Assistance (TA)

Thu, 2020-01-23 18:32
From : Communities>>Open Forum
Hello CDFI and OFN colleagues, Please see below the announcement from BCT Partner offering opportunities for training and technical assistance (Community of Practice discussions and individualized Technical Assistance (TA)) through the CDFI Fund's "Access for all: Expanding CDFI Impact in the Disability Community" Capacity Building Initiative.  Registration Deadline Extended to 1/31/2020   Dear Colleague,   BCT Partners is pleased to offer opportunities for training and technical assistance [More]

RE: Key Staff Salaries

Thu, 2020-01-23 17:10
From : Communities>>Open Forum
Thanks for the clarification and correct link, Seth! ------------------------------ Russ Seagle Executive Director The Sequoyah Fund, Inc. Cherokee NC 828-497-8142 russseagle@sequoyahfund.org ------------------------------

RE: Key Staff Salaries

Thu, 2020-01-23 17:01
From : Communities>>Open Forum
Hi everyone,  OFN conducted compensation surveys on the CDFI industry in 2012 and 2017.  The 2017 report can be purchased below: https://ofn.org/publications  and scroll down to the " 2017 CDFI Loan Fund Compensation and Benefits Survey Report" tab.  OFN members and allies receive discounts on the report.    OFN will be conducting a CDFI Loan Fund compensation survey again in 2020 with hopes of having the report published by the beginning of Q4.  Because of the confidential nature of employee compensation, [More]

RE: Key Staff Salaries

Thu, 2020-01-23 15:23
From : Communities>>Open Forum
Hi Russ. The OFN link leads to a 404 error page. Do you happen to have a working link? Thanks, Steve ------------------------------ Steve Varnum Director of Communications and Marketing New Hampshire Community Loan Fund, Inc. Concord NH (603) 224-6669 svarnum@communityloanfund.org ------------------------------

RE: Portfolio Management Process & Procedure

Thu, 2020-01-23 12:10
From : Communities>>Open Forum
Thank you for the suggestions Debra, much appreciated and I like the idea of testing with a staff member to ensure the procedures are clear once they are outlined.  Thank you. ------------------------------ Jessica Rohrer Portfolio Manager Southeast Community Capital Corporation DBA Pathway Lending Nashville TN (615) 254-6113 ------------------------------

RE: Portfolio Management Process & Procedure

Thu, 2020-01-23 12:09
From : Communities>>Open Forum
Hi Melissa, We are using TEA - The Exceptional Assistant through CommonGoals software as our core loan system.  Thank you. ------------------------------ Jessica Rohrer Portfolio Manager Southeast Community Capital Corporation DBA Pathway Lending Nashville TN (615) 254-6113 ------------------------------

RE: Portfolio Management Process & Procedure

Thu, 2020-01-23 12:05
From : Communities>>Open Forum
Okay great thank you Dale, this is very helpful and I will make sure to keep these points in mind as we move forward.  Thank you! ------------------------------ Jessica Rohrer Portfolio Manager Southeast Community Capital Corporation DBA Pathway Lending Nashville TN (615) 254-6113 ------------------------------

RE: Key Staff Salaries

Thu, 2020-01-23 09:22
From : Communities>>Open Forum
Thanks for sharing that, Russ. I'm sad to see that the compensation survey is $500.  I'm sure it's worth it, but not reachable for staff as individuals.   Thanks for taking the time to re-post the links!  I didn't ask the question, but I was interested in the answers you shared. Les Roll, MACED Hazard, KY ------------------------------ Les Roll Mountain Association for Community Economic Development, Inc. Hazard KY (859) 986-2373 ------------------------------

RE: Key Staff Salaries

Thu, 2020-01-23 09:11
From : Communities>>Open Forum
Sheree, Not sure why the links I sent did not work, but let's try again. Here's our org chart: I've checked the URL on the compensation survey (https://ofn.org/cdfi-loan-fund-compensation-and-benefits-survey) & it should work. If you still have trouble, Google "OFN compensation survey," and you should be able to find it. ------------------------------ Russ Seagle Executive Director The Sequoyah Fund, Inc. Cherokee NC 828-497-8142 russseagle@sequoyahfund.org ------------------------------

GreenMoney's 150th Issue: From Impact Investing to Sustainable Business (Readers' Favorites)

Wed, 2020-01-22 11:42
From : Communities>>Open Forum
The special 150th issue of the award-winning GreenMoney Journal is now online. F i nd a selection of our Readers' Favorites from articles to videos on Impact Investing and Sustainable Business .  We kick off the issue with a new article from Frank Coleman of CBIS with his unique look at Facebook as it faces another moral dilemma. The Jan 2020 issue features :  Amy Domini of Domini Impact Investments;  Robert F. Kennedy, Jr of Waterkeeper Alliance;  Woody Tasch of Slow Money;  Janine Benyus of Biomimicry [More]

Files Attached Document
GreenMoney's 150th Issue: From Impact Investing to Sustainable Business (Readers' Favorites)

RE: Seeking Abila MIP Fund Accounting Software-Compatible Portfolio Management Software

Wed, 2020-01-22 11:26
From : Communities>>Open Forum
Hi Barbara, Great question.  I'll have one of our reps reach out to you directly about our loan servicing software The Mortgage Office.  Our system has a built in API and has also interfaces to Quickbooks, PeopleSoft, and many other accounting products. I don't know the name of the product you are considering, but as a fintech company I will say that creating an API from scratch and/or interfaces to other products can be a very long process, depending on the developers' skills and experience.  It [More]

RE: Key Staff Salaries

Wed, 2020-01-22 10:35
From : Communities>>Open Forum
Sheree, OFN periodically publishes an industry compensation survey. You can access the latest version at https://ofn.org/cdfi-loan-fund-compensation-and-benefits-survey. You can see our org chart at https://mm.tt/1365787287?t=DruQgce5TB. Hope this helps. ------------------------------ Russ Seagle Executive Director The Sequoyah Fund, Inc. Cherokee NC 828-497-8142 russseagle@sequoyahfund.org ------------------------------

RE: Portfolio Management Process & Procedure

Wed, 2020-01-22 10:10
From : Communities>>Open Forum
When we started this process (and we are still in the midst of it) we did an outline/flowchart of the basic process flow.  Then we started with detailed procedures related to the most critical functions and then the medium functions, etc.  We are a small company and if I were to lose a staff member, I needed to make sure the more difficult and nuanced parts of their jobs were documented to help reduce the learning curve for someone else.  When we write the procedures, we have someone else on staff [More]

RE: Seeking Abila MIP Fund Accounting Software-Compatible Portfolio Management Software

Wed, 2020-01-22 09:28
From : Communities>>Open Forum
I will reply directly with you offline Barbara. For this purpose though, The Exceptional Assistant - TEA, does have compatible capability with Abila MIP and many other Accounting Software products. Pleased to discuss Custom options if required. ------------------------------ Paul Hodgert Sales and Consulting CommonGoals Software Prescott ON 1-800-354-5152 ------------------------------

CDFI Symposium - Call for Papers

Tue, 2020-01-21 16:30
From : Communities>>Open Forum
Final reminder: if you are interested in submitting a research paper for the CDFI Symposium, papers are due January 31 and should be submitted to communitydevelopment@stls.frb.org. The event is being co-sponsored by the Federal Reserve Banks of St. Louis, Atlanta, Minneapolis, Richmond, San Francisco; the Federal Reserve Board of Governors, and the CDFI Fund. More information can be found on our call for papers . ------------------------------ Michael Eggleston Community Development Advisor Federal [More]

RE: Portfolio Management Process & Procedure

Tue, 2020-01-21 13:58
From : Communities>>Open Forum
Our process is heavily dependent on our loan system.  What are you guys using to track? ------------------------------ Melissa Johnson Director of Portfolio Management Clearinghouse Community Development Financial Institution Lake Forest CA 7143109163 ------------------------------

Seeking Abila MIP Fund Accounting Software-Compatible Portfolio Management Software

Tue, 2020-01-21 12:00
From : Communities>>Open Forum
Good Morning Community! Does anyone use Abila's MIP Fund Accounting Software - Cloud and/or Classic versions? If yes, do you use portfolio management software that communicates with it either because MIP was compatible with the software by design, or because the portfolio management software provider was able to develop API language to communicate with it? We are exploring changing our portfolio management software. As of our last conversation with the leading candidate, they would have to develop [More]

Key Staff Salaries

Tue, 2020-01-21 10:05
From : Communities>>Open Forum
Good Morning, We are preparing to hire our first team!!! Where can we find the national salaries for the following positions: Executive Director, Administrative Assistant, Chief Operaing Officer, Resource Development Officer and Marketing? Secondly, please share your organizational charts. I'd like to ensure we are on the right track.  Thanks a million for all you do!!! Sheree 843-580-1588 ------------------------------ Sheree E. Darien Executive Director & Founder Second Chance Community Outreach, [More]

Pages