National Association for Latino Community Asset Builders

What it reported doing in 2024

Lending and asset management - as a u.s. Treasury-certified cdfi and intermediary lender, nalcab provides culturally relevant financial products and services that expand access to capital and advance economic mobility in communities across the united states, with a particular focus on latino and low- and moderate-income communities that face barriers to investment. Nalcab supplies its members and borrowers with capital, liquidity, and scale to finance affordable housing, support small-business growth, and strengthen family financial capability. Offerings include commercial real-estate loans, small-business loan capital, affordable-housing project loans, loan participation financing, loan guarantees, and blended packages that combine lending with technical assistance or grants. Lending capital is sourced from revenues, cash reserves, private philanthropy, bank financing, the cdfi fund, and the us hud, including the rural capacity building program. Escalera community investments, llc (escalera), an asset management company owned by nalcab, manages two mission-driven investment vehicles: nalcab catalyst fund i, llc (the catalyst fund and the acceso loan fund, llc (acceso). The catalyst fund targets and operates investments in single- and multifamily projects that provide households with access to employment, quality education, and healthcare resources, all essential factors for advancing economic mobility. Acceso is a national small business loan fund that supports growth-oriented lending to designed to strengthen the capacity of community-based, latino-led nonprofit lenders by providing growth capital that enables them to serve more entrepreneurs in undercapitalized markets. These investments expand access to responsible capital, promote small-business development and housing stability, and support long-term community wealth-building and national economic prosperity.

Financial Efficiency

• Mission deployment rate: 57.1%; rating input score 57
• Program expense ratio: 72.4%; rating input score 72
• Fundraising efficiency: $53.68 raised per $1 spent on fundraising; rating input score 77; 77th percentile among comparable filings

Transparency & Controls

• Consistency checks: 93.3%; rating input score 93; 14th percentile among comparable filings
• Pay-setting controls: 5 of 6 controls in place; rating input score 83
  • Compensation committee: Pass
  • Independent consultant: Pass
  • Other Form 990s reviewed: Pass
  • Written employment contract: Missing
  • Compensation survey or study: Pass
  • Board or committee approval: Pass
• Foreign activity oversight: Limited
• Grant itemization coverage: 97.4%; rating input score 97; 28th percentile among comparable filings
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Limited

Accountability

• Independent voting board: 100%; rating input score 100; 66th percentile among comparable filings
• Governance controls: 7 of 9 controls in place; rating input score 78
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • CEO compensation review process: Pass
  • Other executive compensation review process: Fail
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Fail
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: 22.7%; rating input score 84; 84th percentile among comparable filings
• Total-asset coverage ratio: 3.73; rating input score 80; 80th percentile among comparable filings
• Liabilities to assets ratio: 0.51; rating input score 28; 28th percentile among comparable filings
• Officer compensation ratio: 16.8%; rating input score 6; 6th percentile among comparable filings

Growth

• Program expense growth: 6% per year; rating input score 100; 49th percentile among comparable filings
• Revenue growth: 10.8% per year; rating input score 100; 77th percentile among comparable filings
• Asset growth: 21.1% per year; rating input score 100; 90th percentile among comparable filings