Nt Green Fund Inc
Nonprofit profile at a glance
- EIN
- 994302051
- IRS 990 coverage
- 2024–2024
- Forms available
- Form 990 2024
- Location
- Washington, DC, USA
- Phone
- 2025886000
- Rating
- 62
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Community, Neighborhood Development
Reported finances
- Revenue
- $1,820,875
- Expenses
- $850,146
- Assets
- $2,088,823
- Liabilities
- $1,118,094
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
9 people listed
Executive titles in this filing
- Patrice Frey (President & CEO (As of 10/24))
Highest reported compensation
- Denise Wise (Assistant Treasurer): $257,546 total reported compensation
- Patrice Frey (President & CEO (As of 10/24)): $73,018 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Nt green fund, inc. D/b/a repurpose capital is an emerging community development financial institution ("cdfi") deploying loan funds in economically marginalized places throughout the u.s. Its mission is to reinvest in economically distressed places by providing financing and capacity-building resources to reactivate places and improve opportunity, local economies, and health.
What it reported doing in 2024
Lending services: repurpose capital finances small-scale adaptive reuse and retrofit projects in disinvested communities. It borrows lending capital from private foundations and investors who are committed to its mission and seek social and environmental returns. Rpc also seeks lending capital from commercial banks who are required to make lending capital available to communities in their geographic footprint that they do not serve, as part of their community reinvestment act (cra) obligations.
Operating model
- Revenue model
- Affiliate-supported. 93% of the money available for current operations came from contributions from related organizations.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 27
- Transparency & Controls: 95
- Accountability: 95
- Sustainability: 70
- Growth: NotEnoughData
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 18.6%; rating input score 19
- Program expense ratio: 39.2%; rating input score 39
- Fundraising efficiency: $7.94 raised per $1 spent on fundraising; rating input score 30; 30th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd 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: Missing
- Written employment contract: Pass
- Compensation survey or study: Pass
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 8 of 9 controls in place; rating input score 89
- 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: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 53.3%; rating input score 93; 93rd percentile among comparable filings
- Total-asset coverage ratio: 2.46; rating input score 70; 70th percentile among comparable filings
- Liabilities to assets ratio: 0.54; rating input score 15; 15th percentile among comparable filings
- Officer compensation ratio: 11.8%; rating input score 31; 31st percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: Limited
- Asset growth: Limited
Details
- Where the money goes: 18.6% of revenue deployed · 39.2% of spending went to programs
- Governance: 7 of 7 board members independent · 8 of 9 filing controls reported
- Programs: 2 filed program accomplishments · $333K in reported program spending
- Leadership: top reported pay $258K · 9 people listed · 5 of 6 pay-setting controls reported
- Consistency: 23 of 23 current checks pass
- Schedules: 6 filed schedules · includes major donors and executive pay
- Contacts: How to reach this organization
- Money network: 2 filed money-flow records
- Related organizations: 1 filed related-organization link
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Financial Efficiency: Mission deployment rate scored 19/100.
- Moderate — Financial Efficiency: Program expense ratio scored 39/100.
- Moderate — Financial Efficiency: Fundraising efficiency scored 30/100.
- Review — Accountability: Governance controls: Other executive compensation review process not reported.
- High — Sustainability: Liabilities to assets ratio scored 15/100.
- Moderate — Sustainability: Officer compensation ratio scored 31/100.