Loans: Human Services
Featured Loan: Khesed Wellness
Advancing equitable mental healthcare nationally
$125,000 working capital loan (November 2022)
Khesed Wellness (Khesed)’s mission is to advance equity in mental healthcare by making wellness services affordable for underinsured and uninsured individuals across Colorado, Texas, Michigan, and Illinois. Khesed offers below-market-rate therapy sessions in office buildings, private practice locations, religious organizations, and other places with available space during the week. Khesed offers pro bono therapy to people who can't afford the reduced rate, focusing on hospitality workers, the re-entry population, queer and transgender individuals, youth, helping professionals, and more. In addition to therapy, the nonprofit offers a substance use recovery program, support groups, yoga classes, and life coaching. Every year, Khesed assists more than 700 clients through its programs – many of whom might not otherwise be able to access this critical mental healthcare.
In response to the rapidly growing need for mental health services caused by the COVID-19 pandemic, Khesed has grown 300% since 2020. Financed through the Metro Denver Nonprofit Loan Fund, which was created to support the recovery and sustainability of the Metro Denver nonprofit ecosystem, this loan will help Khesed hire 15 therapists in the Denver Metro Area, including five therapists for its BIPOC Pro Bono and Training Program. With this investment, Khesed can expand quality, affordable mental healthcare to Denver residents that need it.
Bayview Hunters Point Foundation: A holistic approach to social services in San Francisco
$1.7 million net exposure in NFF's $5.7 million acquisition loan with Community Vision and Partners for the Common Good as participating lending partners (September 2022)
This acquisition loan will provide the funding needed for BHPF to purchase the facility from which it has been serving its community for the last 25 years. Since real estate ownership is a key component to building wealth and defending the organization against gentrification, we hope this loan will allow Bayview Hunters Point Foundation to make the investments it needs to continue growing and to remain a pillar in its community for years to come.
Columbia River Mental Health Services: Behavioral health services in Southwest Washington
$2,500,000 renovation loan (September 2022)
CRMHS is in the process of moving to a nearly 8,000 square foot building, which they recently acquired. Financed through NFF’s Resilient Communities Fund, this low-interest loan will provide a portion of the funding needed to renovate CRMHS’ new space – increasing the organization’s ability to focus on two important areas of its work. First, the new location will serve as the organization’s primary clinic to meet the immediate needs of clients through its medically assisted treatment substance dependence program, rather than turn them away. Second, it will house CRMHS’ growing Program of Assertive Community Treatment (PACT), which provides round-the-clock, individualized, in-home mental health outreach services to people in recovery.
Paving the Way: Community care in Southern California’s Antelope Valley
$250,000 bridge loan (October 2021)
While PTW has multiple funding sources, it is experiencing delays in payments of government contracts. And because the organization has grown exponentially in such a short amount of time – more than doubling its budget in the last year alone – it needs more capital to match this rapid growth. Financed through NFF’s CARE Fund, which offers 0% interest loans to community-centered nonprofits led by people of color, this loan will provide PTW with the money needed to bridge cash flow issues caused by delayed government contract payments. With more sustained, reliable funding, PTW can continue investing in critical programs for even more Antelope Valley residents – programs that support their growth and well-being.
African Refuge: Building communities of dignity in Staten Island's North Shore
$75,000 line of credit (June 2022)
Financed through NFF’s CARE Fund, which offers 0% interest loans to community-centered nonprofits led by people of color, this loan will provide operating cash to help the organization maintain its essential services. With support from this loan, it can continue investing in critical programs that support Staten Islanders’ dignity and quality of life.
ACHIEVEability: Building thriving communities in West Philadelphia
$250,000 working capital loan (April 2022)
ACHIEVEability plans to establish an in-house fundraising department that could sustainably bring in funding for the organization and accelerate its growth. Financed through NFF’s CARE Fund, which offers 0% interest loans to community-centered nonprofits led by people of color, this loan will provide ACHIEVEability with the money needed to expand their staff and bridge cash flow issues caused by delayed payments from government-funded contracts. With support from this loan, ACHIEVEability can build out a sustainable fundraising strategy that allows it to continue supporting West Philadelphia residents with essential services.
Special Needs Network, Inc.: Providing services for BIPOC people with disabilities in South Los Angeles
$250,000 bridge loan (March 2022)
As the organization continues to grow, its headquarters will be moving to the new MLK Community Hospital in South Los Angeles to further expand its programs and meet growing community needs. Financed through NFF’s CARE Fund, which offers 0% interest loans to community-centered nonprofits led by and serving people of color, this loan will support furnishings and necessary improvements for the organization’s new space. With support from this financing, SNN will be able to offer high-quality services to even more people with autism and other developmental disabilities.
Olive Support Services: Creating safe housing for domestic violence survivors
$250,000 bridge loan (March 2022)
At the same time that many survivors were stuck at home with their abusers, providers of shelter and safe services were required to cut back capacity to comply with social distancing guidelines. In response, LA County provided thousands of emergency housing vouchers for survivors of DV and their children. However, many landlords were reluctant to accept these vouchers, tightening the supply of housing available to survivors. In response to this unmet need, Olive planned to purchase a house that it can convert into supportive housing for domestic violence survivors with rental vouchers. Financed through NFF’s CARE Fund, which offers 0% interest loans to community-centered nonprofits led by people of color, this loan will help Olive Support Services make this down payment – and continue to provide compassionate care to survivors.
I Did Something Good Today Foundation: Helping older adults overcome social isolation
$10,000 bridge loan (March 2022)
Financed through NFF’s CARE Fund, which offers 0% interest loans to community-centered nonprofits led by people of color, this loan will provide IDSGT with approximately a year of operating cash flow, enough liquidity to overcome the paralyzing impact of the pandemic and allow the Foundation to continue to provide essential services for seniors.
Multicultural Community Family Services: Supporting healthy immigrant communities in Pennsylvania
$100,000 facility loan, $40,000 refinancing of existing loan (January 2022)
Over the past two decades, MCFS has grown into an organization that supports more than 1,000 families each year. A large portion of MCFS’ revenue comes from reimbursement-based contracts for its home healthcare program. However, when the onset of the pandemic led to a suspension of one of its major contracts in 2020, the organization faced a challenging financial position. NFF determined that a zero-interest CARE Fund loan would be perfect for this client; it would reduce MCFS’ monthly expenses by replacing an existing loan with an interest-free one and support renovations that would allow the organization to fully move its operations into its new headquarters, reducing its occupancy expenses. This investment will free up more of MCFS’ finances to recuperate from financial losses that were beyond its control – and to invest in the communities that depend on their services.
The Central Family Life Center: Improving the lives of Staten Island residents
$250,000 working capital loan (January 2022)
Offered through NFF’s zero-interest CARE Fund, this loan will bridge the gap between when The Center spends money to run programs and receives money from government contracts, ensuring that it can continue to provide timely payments to the staff running critical social services and violence prevention efforts across Staten Island.
Sacred Heart Community Services: Decades of service to South Bay Area communities
$1.75 million participation in a $5 million acquisition loan
SHCS has experienced substantial growth in the past several years, and its current facility can no longer accommodate its staff and programs. NFF partnered with Community Vision and Partners for the Common Good to provide a $5 million loan to SHCS. Along with over $2 million of its own capital and approximately $2.74MM in New Markets Tax Credit (NMTC) equity from US Bank and Partners for the Common Good, this financing will allow SCHS to renovate and own a larger space for its use and the 60+ organizations in its growing network. With a larger home base, SCHS can support its current expansion as well as future growth – ensuring that even more community members can access their services and supporting thriving communities for decades to come.
Partners: Community Visions, Partners for the Common Good, US Bank
Monument Impact: A comprehensive response to COVID-19
$250,000 working capital loan (November 2021)
In response to increased demand from the communities it serves during the COVID-19 pandemic, Monument Impact expanded some programs and established entirely new ones, including financial aid and assistance for renters who had seen lost or diminished income. As the pandemic has continued, this demand has kept growing. Offered through NFF's zero-interest CARE Fund, this loan will support Monument Impact as it grows its financial aid, vaccine outreach, and new civic engagement work; it will also give them needed flexibility as they seek out a larger space. These programs respond directly to the unique needs of the communities Monument Impact serves, offering critical services at a time when these communities can benefit from them most.