Loans: Youth Development
Featured Loan: Glowmundo
A community-centered approach to building youth resilience in Metro Denver
$250,000 working capital loan (October 2022)
By forming partnerships with parents and educators in the Aurora Public School District, Glowmundo builds resilience and self-awareness among youth in Colorado. As part of its trauma-informed care model, the organization works with students, school staff, and parents over a three-year period to support the development of each individual’s resilience. In 2022, Glowmundo served 1,300 children, parents, teachers, and caregivers through self-esteem classes, teacher trainings, parent programs, and more – and it anticipates serving at least 3,000 clients in 2023.
With the expansion of its in-school programs and the addition of external programs, Glowmundo has more than tripled in size over the past year. However, since schools reimburse Glowmundo 60-90 days after it runs its programs, the organization needs to have cash on hand to maintain its operations while it awaits payment from the schools it serves. Offered through the Metro Denver Nonprofit Loan Fund, which supports the recovery and sustainability of the Metro Denver nonprofit ecosystem, NFF’s loan will provide Glowmundo with the working capital needed to keep running until payments arrive. By resolving this cash flow issue, the organization will be able to build a stronger infrastructure and grow programs that fuel positive change in Metro Denver classrooms, families, and schools.
$500,000 bridge loan (June 2023)
The LA County Department of Mental Health (DMH) has awarded Project IMPACT a new contract, which will enable them to provide mental health services in-house rather than refer clients out to other organizations. A $500,000 bridge loan from NFF will help address cash flow pressures as the organization hires and trains up to 18 new staff members to allow the organization to provide an expansive array of social services to clients, which it previously contracted out to other organizations. By hiring more staff, the organization will be able to continue growing critical programs to benefit even more LA youth and their families.
$500,000 line of credit (November 2022)
Jovenes depends on government contracts for most of its funding. However, these contracts are paid after the nonprofit runs its programs and are frequently delayed, making it hard for Jovenes to keep sufficient cash on hand. Supported by the Hilton Foundation, this zero-interest loan will help ease cash flow pressures related to government reimbursement timing and allow Jovenes to expand its programs so that even more young people in East LA can succeed and thrive.
$250,000 bridge loan (April 2022)
Offered through NFF’s zero-interest CARE Fund, this financing will help the organization maintain a healthy cash flow and support the ongoing maintenance of neighborhood PAL centers. With support from this loan, Philly PAL will have the working capital it needs to invest in the community centers and programs that create opportunities for thousands of young people in Philadelphia each year. As they grow, Philly PAL will be able to cultivate more environments for youth to play and thrive.
$50,000 bridge loan (March 2022)
As they grow, FDP is looking for ways to continue providing sustainable youth programming and compensate staff for their time. However, FDP has experienced delays in government and private funding that the pandemic has exacerbated – hampering their ability to serve more of the young people who depend on their programs as creative outlets. Financed through NFF’s CARE Fund, which offers 0% interest loans to community-centered nonprofits led by people of color, this loan will bridge these cash flow issues and provide FDP with money they need to pay their staff and curate creative spaces of growth and self-expression.
$150,000 bridge loan (March 2022)
Since YEAH’s programs have grown significantly in a brief amount of time, they need to hire more staff. Offered through NFF’s zero-interest CARE Fund, this loan will allow YEAH to make necessary hires while it awaits expected grant funding – ensuring that the organization can grow sustainably and serve even more young people with its programs. With support from this financing, YEAH can continue engaging Black teens as leaders capable of building safer communities.
$150,000 bridge loan (March 2022)
While SOH has multiple funding sources, it is experiencing delays in payments of government grants and contracts. This bridge loan will help to cover delays in contract payments and reimbursements while SOH waits for that funding to arrive. Smoothing over this cash flow issue will help them maintain and grow programs that build models of self-reliance for youth and young adults.
$500,000 bridge loan (February 2022)
Urban Youth Alliance receives much of its funding from contracts with the City of New York. However, like many government agencies, New York City agencies pay nonprofits after work is conducted, not before – and COVID-19 exacerbated delays in these payments that already existed. Supported by the Trinity Church Wall Street Grantee Loan Fund, this financing will bridge some of these delayed payments, ensuring that Urban Youth Alliance can continue to run its critical programs until government funding comes through. With more sustained, reliable funding, Urban Youth Alliance can hire more staff, expand its programs, and keep more young people from entering the criminal justice system.
$50,000 working capital loan (January 2022)
The Thinkubator was founded in 2020 at the height of the COVID-19 pandemic. After their first full year of operations, they are exploring how to leverage the significant momentum they have built by investing in revenue generation that will support their long-term sustainability. Currently, the Thinkubator’s CEO does most of the organization’s fundraising; hiring a full-time employee focused on development will allow the organization to deepen its existing relationships with funders and explore new fundraising relationships while freeing up the CEO to focus on other responsibilities. Offered through NFF’s zero-interest CARE Fund, this loan will provide the Thinkubator with the resources it needs to pursue this hire – ensuring that this new organization and the services it provides to Bronx youth will be around for years to come.
$50,000 working capital loan through the Metro Denver Nonprofit Loan Fund (October 2021)
SOAR primarily is funded by fee-for-service contracts from the City of Denver. This means that they are only paid after providing services to Denver youth, creating persistent cash flow constraints that the organization would like to overcome. This working capital loan will smooth over these cash flow issues, ensuring that SOAR has access to the financing it needs at any point in the year. With consistent access to cash, SOAR can focus more of its efforts on running successful programs for Denver area youth – and on planning for the future.
$250,000 bridge loan (October 2021)
Casita Maria relies on contracts with New York City and New York State for a large portion of its funding. However, these contracts are frequently delayed – even more so since the beginning of the COVID-19 pandemic. Financed through NFF's zero-interest CARE Fund, this loan will provide Casita Maria with the working capital it needs to continue paying its staff and offering its extensive array of programs for young people. Since many schools went remote in March 2020, young people have struggled to access opportunities to connect with the arts and build social and emotional skills; we're proud to invest in Casita Maria’s efforts to support their students' creativity.
$500,000 working capital loan (October 2021)
In response to rising violence in the communities where it works, KAVI would like to bring on additional staff and peer facilitators to grow its programs. However, delays in payment from several of the organization's main funders are impeding KAVI's ability to plan this expansion. Offered through the Trinity Church Grantee Loan Fund, this no-interest loan will allow KAVI to bring on the staff it needs to at least double its operational budget, vastly expanding the number of young people it can reach through its violence prevention programming.
$75,000 bridge loan (October 2021)
After adopting a hybrid in-person/virtual model due to COVID-19, Soul Shoppe created a train-the-trainers program for school staff so that they can continue conflict resolution practices when Soul Shoppe staff cannot be physically present in schools. Financed through NFF’s CARE Fund, which offers 0% interest loans to community-centered nonprofits led by people of color, this loan will ensure that Soul Shoppe can launch its new train-the-trainers program and continue other work while it awaits repayment from school districts.