CDFI Connect Community Discussions

Subscribe to CDFI Connect Community Discussions feed CDFI Connect Community Discussions
View RSS Feed from Opportunity Finance Network
Updated: 41 min 22 sec ago

Shared back office for start-ups?

Mon, 2019-08-26 11:11
From : Communities>>Open Forum
Does anyone have experience with shared back-office services (HR, accounting, etc.) for business incubators or other groupings of start-ups, especially minority and/or immigrant? -- Clifford N. Rosenthal Democratizing Finance: Origins of the Community Development Financial Institutions Movement Available through: www.cliffrosenthal.com Cliffcdcu1@gmail.com www.archer-rosenthal.com

RE: CDFI industry "common" Retirement and other benefits packages offered

Sun, 2019-08-25 21:36
From : Communities>>Open Forum
Hi Duanne, Since you are small you might not want the weight of a 404b or 401k - lots of regulatory hassle.  But you might want to have something for your employees to contribute to and for you to match.  For small organizations I have set them up with a Simple IRA - Vanguard is a great vendor.  You don't have the ERISA requirements for Simple IRAs - also not as high a contribution allowed.  But you are allowed to match and it gets employees started saving.  We have a 401k and a safe harbor of 3% [More]

RE: Small Business Lending

Fri, 2019-08-23 09:52
From : Communities>>Open Forum
Hi Jeff, Our group has financially structured and modeled many loan fund concepts, so I would be happy to share our experiences with you. My email is spetsos@newmarkets.org . New Markets Support Company (NMSC), a subsidiary of LISC, has provided fund development consulting and administration services to funds of all different shapes and sizes. Best, Steve ------------------------------ Steven Petsos New Markets Support Company Chicago IL ------------------------------

Small Business Lending

Thu, 2019-08-22 20:38
From : Communities>>Open Forum
Cook Inlet Lending Center is now entering the world of small business lending. I was wondering if there is anyone who might have a great tool to share that would help us model out deployment of lending capital, managing spread for profit (overhead), and figuring out at what level of lending and spread we would be able to cover overhead as well as loan loss and TA? All of this while understanding how our intermediaries get paid back at the end of the terms (i.e. all individual loan terms and per [More]

RE: Impact Investment Funds

Wed, 2019-08-21 12:50
From : Communities>>Open Forum
Hi all, I am an impact investor and would be happy to share some thoughts with you all on how we look at these vehicles from the investor side. I will be attending OFN, perhaps we can have a roundtable discussion over lunch one day?  Thanks Lynne Managing Director, Olamina Fund; Head of Lending, Candide ------------------------------ Lynne Hoey Head of Lending Candide Group Oakland CA (510) 761-8151 ------------------------------

RE: Impact Investment Funds

Tue, 2019-08-20 15:26
From : Communities>>Open Forum
Hi Shawn, We have been successful in raising fairly catalytic first-loss guarantee capital, structured in a variety of creative ways. This is our hedge against potential credit losses and equally effective as an "equity" or Unrestricted Net Asset investment/grant. It is a more sophisticated structure which, depending on who your investors are, requires a clear articulation of its structure, and benefits to both parties. Happy to discuss, if desired. Best, ------------------------------ Kevin Fryatt [More]

RE: Impact Investment Funds

Tue, 2019-08-20 14:34
From : Communities>>Open Forum
I would love to see CEI survey and findings.  Is anyone attracting any type of "investment capital" that is able to be used as equity on their balance sheet - or use in a manner specifically to leverage additional debt?  The Entrepreneur Fund is looking to find a vehicle in which we could attract capital - equity and debt - from the growing group of investors who want to invest in our mission or communities.  We would like to find some alternatives outside of CDFI FA awards and philanthropy. ------------------------------ [More]

RE: Impact Investment Funds

Tue, 2019-08-20 14:32
From : Communities>>Open Forum
Hello Kim, Great question, and I'd be happy to share our experiences. Last year California FarmLink created the FarmLink Investment Notes , a state-registered Direct Public Offering that is available to non-accredited investors with a range from $1,000 to $150,000 and terms that include 2, 3, 5, 7 and 20 years. It was made possible in part through collaboration with another nonprofit, which is focused on legal advice and services to foster conscious capitalism.  In fact, we each had the same foundation [More]

Equipment financing

Tue, 2019-08-20 11:09
From : Communities>>Open Forum
After 30 years of focus on affordable housing, CDCU has the need to get into small business financing, specifically equipment financing. Is there anyone in that market who could give me some advice? Greg Lambert CFO 501 East 1700 South Salt Lake City, UT 84105 T: 801-994-7222 X108 F: 801-994-7220 W: www.cdcutah.org This message, and any attachment, is intended only for the use of the addressee and may contain information that is privileged and confidential [More]

CDFI industry "common" Retirement and other benefits packages offered

Mon, 2019-08-19 11:59
From : Communities>>Open Forum
Happy Monday Dear  Colleagues! I was curious if some of you would be so kind as to share with me on this forum or,  via email, what retirement benefits you offer to employees and under what general conditions (e.g. min time working at company, position, etc.)?  I am most interested in knowing about retirement funds (what type of matching, conditions, and costs for organization) as well as what- if any- benefits are being offered to women (i.e. maternity leave) as well as paternity leave benefits [More]

Self-Help job opening - Commercial Lending Servicing Manager

Mon, 2019-08-19 11:44
From : Communities>>Open Forum
We are looking for a dynamic person to join our Durham-based Self-Help Commercial Lending Asset Quality team. The opening is for a Commercial Lending Servicing Manager. Do you know someone with servicing and management experience? You can view the full job description here: https://www.self-help.org/careers/job-openings/1978-commercial-loan-servicing-manager . Apply today! Thanks! Ashley Ashley M. Pinkard VP, Commercial Lending Asset Quality Self-Help | 301 W. Main Street | Durham, NC 27701 Mailing [More]

RE: Impact Investment Funds

Mon, 2019-08-19 11:05
From : Communities>>Open Forum
Looking forward to hearing more from those with experience here to talk about the institutional capacity required to implement and follow through on an impact investment program. To succeed, this effort needs a dedicated staff person handling Investor Relations and its activities need to be aligned with the Fund development and financial growth plan of the organization.  I also observe that the role of the Board of Directors is an important consideration. I was asked on short notice to meet with [More]

RE: Impact Investment Funds

Mon, 2019-08-19 10:04
From : Communities>>Open Forum
We are also seeking advice on creating an investment note for food and agriculture and would be interested in shared experiences. I am definitely interested in the CEI survey. Thanks, Liz! Jason, thanks for sharing the article. ------------------------------ Michael Reilly Founder/Executive Director Virginia Foodshed Capital Charlottesville VA 4344090053 ------------------------------

The Federal Reserve's National CDFI Directory is now available!

Mon, 2019-08-19 08:57
From : Communities>>Open Forum
Hi all, The National CDFI Directory is now available on the Richmond Fed's website -- this resource  contains contact information for 492 CDFIs located in the continental United States, Alaska, Guam, Hawaii and Puerto Rico. All contact information was provided by CDFIs that responded to the Federal Reserve's 2019 CDFI Survey. You can access the National CDFI Directory and learn more about the 2019 CDFI Survey here . Thanks to all of our survey participants, and stay tuned for survey key findings, [More]

RE: Impact Investment Funds

Sun, 2019-08-18 22:50
From : Communities>>Open Forum
I would love to see the survey too.  Sounds like an interesting OFN conference topic.  We have  notes program that is mostly being purchased by corporations and foundations, a few individuals.  I would love to hear if anyone has a nice software tool to track and even communicate with investors. ------------------------------ Julie Mahowald Chief Financial Officer Housing Trust of Silicon Valley San Jose CA (408) 436-3450 ------------------------------

RE: Impact Investment Funds

Sun, 2019-08-18 09:56
From : Communities>>Open Forum
Capital Impact Partners published an article on this topic in the Stanford Social Innovation Review.  I'm sure our CFO would be happy to chat:  https://www.capitalimpact.org/stanford-social-innovation-review-how-nonprofits-can-tap-into-the-impact-investment-market/ ------------------------------ Jason Anderson Sr. Director, Marketing & Communications Capital Impact Partners Arlington VA (703) 647-2308 ------------------------------

RE: Impact Investment Funds

Sat, 2019-08-17 14:23
From : Communities>>Open Forum
Hi Kim - in our experience, before approaching any investor, you need to first answer two questions - (1) how much capital do we want deploy over the next five years; (2) do we know exactly what it will take to scale up?; and (3) how do we define and measure impact? In our experience, the first step is to prepare a 5 year financial model (growth forecast) tied to a goal ($5million? $10 million?) for capital deployment. That wil tell you what it will take - in each year - in terms of capital, operating, [More]

RE: Impact Investment Funds

Fri, 2019-08-16 15:56
From : Communities>>Open Forum
Hi Liz. I hope you are doing well. If you are willing to share that survey information, I would love to see it. We are getting some requests to increase the interest we pay, but between us not being desperate for a faster rate of capital acquisition and the expected lowering rate environment, we're holding the line for now. Thank you! ------------------------------ Micha Josephy Executive Director Cooperative Fund of New England MA micha@coopfund.coop ------------------------------

RE: Social Impact Measurement System

Fri, 2019-08-16 14:12
From : Communities>>Open Forum
I appreciate this thread.  I share Tameka's sense that theories of change that call out what organizations seek to achieve and viable short- and long-term output and outcome measures can be illuminating.  Well-constructed theories of change also can help organizations avoid collecting (and/or relying on as proxies of their own "impact") output and outcome measures that organizations have limited agency in achieving and/or that are tangential to their work. A challenge in this is that the bulk of [More]

RE: Impact Investment Funds

Fri, 2019-08-16 12:48
From : Communities>>Open Forum
I am happy to discuss Invest Local Ohio, a State of Ohio Div of Securities registered investment vehicle that allows individual Ohio based investors invest in a fund that is deployed to micro and small businesses throughout Ohio. There is a 1000 dollar minimum and 3 year investments return 2% to investor, 5year investment returns 3 %. i am happy to share details and outcomes if you so desire. 614-559-0113 steve ------------------------------ Steve Fireman President and General Counsel Economic & [More]

Pages