Our Neighborhoods Capital Fund
Nonprofit profile at a glance
- EIN
- 933532508
- IRS 990 coverage
- 2024–2024
- Forms available
- Form 990 2024, Form 990-N 2023
- Location
- Washington, DC, USA
- Phone
- 2022232442
- Rating
- 53
- Verdict
- MIXED
- Rating confidence
- Moderate
- Sector
- Ethnic Studies
Reported finances
- Revenue
- $1,563,601
- Expenses
- $99,764
- Assets
- $1,473,488
- Liabilities
- $9,651
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
7 people listed
Executive titles in this filing
- Cindy C Wu (Chief Executive Officer)
Highest reported compensation
- Seema Agnani (Chair): $217,575 total reported compensation
- Joyce Pisnanont (Secretary): $195,669 total reported compensation
- Cindy C Wu (Chief Executive Officer): $155,374 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Our Neighborhoods Capital Fund's (ONCF) mission is to achieve an economy with fair access to capital for all by investing in and preserving Asian American and Pacific Islander historic and cultural districts and communities as drivers of local economies.
What it reported doing in 2024
400 Capital Programs - As a nonprofit loan fund, ONCF provides flexible acquisition, predevelopment, and working capital financing for community facilities and mixed-use real estate projects in low-income communities across the United States. We lend to non-profit community developers for them to deliver economic and social benefits to low-income communities.
Operating model
- Revenue model
- Affiliate-supported. 99% 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
MIXED - 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 few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence.
Rating breakdown
- Financial Efficiency: 37
- Transparency & Controls: 65
- Accountability: 72
- Sustainability: 83
- Growth: NotEnoughData
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 6.4%; rating input score 6
- Program expense ratio: 99.8%; rating input score 100
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: 0 of 6 controls in place; rating input score 0
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Missing
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 66.7%; rating input score 67; 14th 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: Fail
- 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: 93.6%; rating input score 99; 99th percentile among comparable filings
- Total-asset coverage ratio: 14.77; rating input score 94; 94th percentile among comparable filings
- Liabilities to assets ratio: 0.01; rating input score 72; 72nd percentile among comparable filings
- Officer compensation ratio: 80.3%; rating input score 1; 1st percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: Limited
- Asset growth: Limited
Details
- Where the money goes: 6.4% of revenue deployed · 99.8% of spending went to programs
- Governance: 4 of 6 board members independent · 7 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $100K in reported program spending
- Leadership: top reported pay $218K · 7 people listed · 0 of 6 pay-setting controls reported
- Consistency: 16 of 16 current checks pass
- Schedules: 6 filed schedules · includes major donors and executive pay
- Contacts: How to reach this organization
- Money network: Resolved incoming and outgoing counterparties from filed money flows.
- 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 6/100.
- High — Transparency & Controls: Pay-setting controls scored 0/100.
- Review — Accountability: Governance controls: 2 of 9 not reported.
- High — Sustainability: Officer compensation ratio scored 1/100.