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Updated: 26 min 14 sec ago

RE: Living Wage

Tue, 2018-12-04 09:33
From : Communities>>Open Forum
Hi Kimberly We also utilize a few different salary surveys for the nonprofit sector to benchmark wages against. The best one for our area is Third Sector New England. It is conducted for NY, CT, MA, RI and sponsored by all of the local trade associations and community foundations Nonprofit Compensation Survey Data . We use a cost of living calculator for national or other regional surveys to ensure CT is comparable to lets say CA. They examine benefits as well and break data down by revenue/employee [More]

Email Digest Updates

Mon, 2018-12-03 15:32
From : Communities>>Open Forum
Good Afternoon CDFI Connect Members! I wanted to make you aware that there have been some recent updates to the digest that you receive each day from the CDFI Connect community. You may notice that the titles of the buttons of have changed. The buttons still function the same way, but the titles were updated to provide more clarity on their use. Here are a few highlighted updates:  Reply to Group is now Reply to Thread This will allow you to respond to the discussion thread via your email.  You [More]

RE: Financial statement spreading software

Mon, 2018-12-03 14:19
From : Communities>>Open Forum
Hi Ross, we checked these guys out, we have not moved forward with them at this time, but they might fit your needs. Thanks BJS Lukas Lovett Account Executive | FISCAL Credit Suite 843-571-5700  local 704-497-7324  mobile ------------------------------ Brian Sample Asset Management Vice President Mercy Loan Fund CO 303-830-3339 ------------------------------

RE: Financial statement spreading software

Mon, 2018-12-03 13:01
From : Communities>>Open Forum
Hi Ross, Ventures Lending Technologies has a platform that allows users to track business loans from the Application, Underwriting and Servicing stages.  The financial statement used within the platform allows users to perform calculations within the cells and you can overwrite pre-existing labels.  You can also report against various fields within the database and financial statements.  Our platform offers a lot of other features of which I'd like to chat to you about.  My contact information is [More]

Living Wage

Mon, 2018-12-03 09:27
From : Communities>>Open Forum
We are in the process of examining our job classifications and salary ranges to make sure they are in line with a living wage, not just minimum wage.  I'm aware that MIT has tools online to assist with this process, and we've used an outside consultant for this type of work previously. .  But I'm wondering if there are resources other CDFIs are using as they approach the issue of Living Wage? ------------------------------ Kimberly Forde Director, Operations & Org Development Capital for Change Hartford [More]

RE: Financial statement spreading software

Mon, 2018-12-03 09:24
From : Communities>>Open Forum
​Check out FISCAL Credit Suite.  We had a demonstration on this a month or so ago.  Not sure how it works for housing developers, but may be worth a look.  Lukas Lovett was our contact   We haven't decided which route to go yet, but this is one option.  Open to other ideas also as we review our options. ------------------------------ Lori Finnesand Executive Director GROW South Dakota Sisseton SD 605-698-7654 ------------------------------

Financial statement spreading software

Fri, 2018-11-30 16:00
From : Communities>>Open Forum
Hi All, As much as we love our old Excel spreadsheets, NCCLF is growing to the point where we think we could benefit from a software program to spread financial statements, and we would appreciate suggestions from our peers.  We lend primarily to nonprofit affordable housing developers and a very wide range of human service providers, though we also have a growing portfolio of food-related small business loans.  Ideally the software would create a database from the borrower data, so that we could [More]

Phishing Scam Alert

Fri, 2018-11-30 12:54
From : Communities>>Open Forum
Hi Everyone, We had a situation where one of our clients email account was hacked.  We received a disbursement request on their line of credit to pay a vendor.  We caught it quickly but we are going to review our internal controls to ensure tighter oversight.   This is the first time we have had this happen with a client.  We have had several attempts where people pose as me (the ED) and reach out to my Accounting staff.  We have also instituted stronger internal controls around invoicing and access [More]