financials & Reports

2011 Annual Report —
Celebrating 15 Years of Community Impact

Looking ahead from a position of strength after 15 years of community development lending
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Report Overview

The 2011 Annual Report marks Clearinghouse CDFI’s 15th anniversary and highlights a year of expansion, increased lending activity, and continued financial strength. The organization achieved its 12th consecutive year of profitability, expanded into Nevada, exceeded $40 million in core lending, and increased pre-tax profit by 14% over the prior year. The report also reflects ongoing investment in affordable housing, community facilities, economic development projects, and Native American communities..

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Cover of Clearinghouse CDFI's 2011 Annual Report

Report Highlights

  • Celebrated 15 years of community impact
  • 12th consecutive year of profitability
  • Expanded operations into Nevada
  • Pre-tax profit reached $4.33 million
  • Core lending exceeded $40 million, a 56% increase over 2010
  • Retained earnings exceeded total contributed capital for the first time
  • $57.3 million in New Markets Tax Credit transactions
  • Received new equity investments totaling $11 million
  • First CDFI to borrow from the Federal Home Loan Bank, with $16.4 million outstanding
  • Provided financing for affordable housing, community facilities, and economic development projects
  • Expanded lending activity in Native American communities