About
About IFF

One of America's leading nonprofit community development financial institutions (CDFI), IFF strengthens nonprofits and their communities through lending and real estate consulting. With total managed assets of more than $270 million, IFF is able to help nonprofits finance, plan, and build facilities that are critical to their mission and success.

Since 1988, we have been a trusted partner to nonprofits in every sector, including health care, education, child care, and housing. We help nonprofits grow and successfully complete their capital projects.

IFF serves nonprofits in the Midwest, with a focus on those that serve low-income communities and special needs populations.

Responding to the Needs of Nonprofits

Through our loans and real estate consulting, nonprofits have renovated and constructed millions of square feet to house their programs and services, and saved millions of dollars in fees and interest that instead contributed to their long-term financial health. IFF also strengthens the nonprofit sector and promotes community development finance through public policy and research.

IFF is a member of Opportunity Finance Network (OFN), a membership organization of CDFIs. OFN produced this video to describe the work CDFIs do to support disadvantage communities across the country.

In 2008, IFF's innovative financial model was awarded the Wachovia NEXT award for Opportunity Finance. This video highlighting IFF's work was presented at the award ceremony.



View this short video to learn about the impact IFF has had
on the community over the course of 25 years.

Our Vision

Key to IFF's success has been a sharp sense of purpose, a broad perspective and an unwavering focus on achieving positive results.  Those same attributes will drive IFF in the years ahead as we work to realize the following long-term goals:

  • Foster Comprehensive Community Development
    IFF understands that, by virtual definition, comprehensive community development demands comprehensive strategies—all major types of unmet community needs must be assessed.  IFF will apply this principle through new and more effective strategies.  We will not simply wait for community problems to come to us, but we will proactively identify ways in which our financial resources, technical expertise, and public policy and research capabilities can be best harnessed to meet the most acute needs of underserved communities. Click here to learn more about IFF's Community Strategies Initiative

  • Strengthen Bonds with All Sectors
    IFF proves every day that in underserved communities social return and financial return are not mutually exclusive; they can and do go hand-in-hand.  IFF will continue to expand its durable bridge between the public, private and nonprofit sectors—so as to channel public-private resources to communities with the greatest needs. 

  • Facilitate Nonprofit Capacity Building
    On a daily basis, service providers in underserved and low-income communities face an abundance of challenges with a scarcity of resources—financial, physical and human.  IFF recognizes that, for these organizations, capacity building cannot just be a matter of bricks and mortar.  IFF will thus continue to help expand and enhance both the physical and human capacities of these organizations in ways that will generate benefits throughout their service areas.  

A Sound Investment

IFF’s revolving loan fund is supported by grants and low-interest debt from our investors and funders, allowing us to use interest income to provide nonprofits with below-market rate loans while covering our operating costs.

Using CARSTM rating system, investors make better informed investment decisions and conduct prudent monitoring of leading CDFIs. IFF is one of only four CDFIs nationally to receive AAA+1, the highest CARS rating, for our impact performance and financial strength, and a rating of "policy plus" for our public policy efforts.

 
 

Illinois
One N. LaSalle St.
Suite 700
Chicago, IL 60602
T. 312 629 0060
F. 312 629 0061

Indiana
202 E. Market St.
The Platform
Indianapolis, IN 46204
T. 317 454 8530

Michigan
3011 W Grand Blvd
Suite 1715
Detroit, MI 48202
T. 313 309 7825

Missouri
911 Washington Ave.
Suite 203
St. Louis, MO 63101
T. 314 588 8840
F. 314 588 2170

Wisconsin
215 N. Water St.
Suite 225
Milwaukee, WI 53202
T. 414 563 1100

 
 

CARS Rated triple A plus one

Investors use CARS™,
the CDFI Assessment
and Ratings System,
for clarity and depth in
their decision-making.