Case Studies

Lending Case Studies

IFF loans have helped hundreds of nonprofits acquire, build and renovate their own facilities, while increasing net assets and financial stability.

	Asian Human Services/Passages, Chicago In 2002 AHS secured a 15-year, $450,000 IFF loan that, along with a bank loan, enabled it to acquire and renovate the building that houses Passages, an elementary charter school. The purchase allowed AHS, as a nonprofit, to escape property taxes embedded in the lease payments, and also to protect against future rent increases, while securing its own dedicated school facility. [PDF 214KB]
	Brookside Day School, Kansas City, Missouri IFF worked with charter school Brookside Day School to expand its space to accommodate more students by providing planning and site selection services, as well as a $1 million subordinate loan. The new space helps to create a positive environment for students that is conducive to learning. [PDF 144KB]
	Centro Comunitario Juan Diego, Chicago Part community organizing and part social service, Centro Comunitario works “to promote leadership in the community in order to promote positive social change, while serving those in need.” In 2000, Centro Comunitario got a 15-year, $99,000 IFF loan to acquire and renovate its first facility (supplemented a few years later by $8,500 to repair the roof). Since the loan, the organization has grown, as reflected by increases in assets, liabilities, and revenues. [PDF 180KB]
	CommunityHealth, Chicago Using IFF financing and a bank loan augmented by funds raised through a capital campaign, CommunityHealth was able to buy and transform a building in the West Town neighborhood into a state-of-the-art health center. The facility has become the medical home for more than 8,000 low-income uninsured patients a year, who receive primary care and specialty services from over 350 volunteer physicians. [PDF 215KB]
	Counseling Center of Lakeview, Chicago IFF provided the Counseling Center of Lakeview a 15-year, $500,000 loan. Combined with a bank loan and agency equity, IFF’s loan made possible the purchase of a building and two adjacent properties where the Center offers counseling and alcoholism programs serving homeless youth, older residents, people with disabilities, and others. [PDF 310KB]
	ECHO Community Health Center, Evansville, Indiana With the help of a 15-year, $290,000 IFF loan along with grant funding, ECHO Community Health Center acquired a space it had been leasing and renovated it to provide prenatal and pediatric services. The clinic’s new space allows staff to separate sick and well children and to incorporate developmental and preventive care programs. [PDF 142KB]
	LEARN Hunter Perkins Campus, Chicago In September 2011, LEARN Charter School Network celebrated the grand opening of their Hunter Perkins Campus—the Network’s fifth campus, located in Chicago's Auburn Gresham neighborhood. To help finance the project, IFF provided the Network with a $1 million energy efficiency loan. The loan allowed LEARN to make significant renovations to a vacant parochial school building that included several cost-saving “green” features. [PDF 198KB]
	Paraquad, St. Louis Relocation is stressful, especially for an organization dedicated to people with disabilities for whom location and accessibility are paramount. A 20-year, $1 million IFF loan, subordinate to a mortgage offered by Pulaski Bank, enabled Paraquad to secure a permanent, centrally located home for its operations. [PDF 121KB]
	PUKA Preschool, Carbondale, Illinois In 2002, after three decades of providing child care to residents of Southern Illinois, the Carbondale center decided to acquire its own building. The leaders found the ideal space in a licensed for-profit day care center that had just closed, and secured a 15-year, $500,000 IFF loan to buy the building. [PDF 129 KB]
	St. Catherine Residence, Milwaukee IFF provided a 17-year, $900,000 first mortgage, part of a financing that included tax credits and grant funding that enabled St. Catherine to build McAuley Apartments, creating 46 small units at affordable rents adjacent to the agency’s original building. Renting at McAuley enables women to move toward independence while staying connected to the warm, supportive community St. Catherine offers its residents. [PDF 151KB]

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