Northern California Community Loan Fund

2008 Annual Report

Steady. Stable. Constant. Forward.

The Northern California Community Loan Fund (NCCLF) promotes

economic justice and alleviates poverty by increasing the fi nancial

resilience and sustainability of community-based nonprofi ts and

enterprises.

Through fl exible fi nancial products and sound advice, we create

opportunities to make socially responsible investments that

revitalize Northern California communities.

ON THE COVER Charlotte Maxwell Complementary Clinic client Le Lam (center), with staff members Regan Fedrice (l) and Samara Dotson (r).

These four words aptly describe NCCLF’s commitment to use our lending capital and fi nancial expertise to alleviate poverty and revitalize Northern California’s neediest neighborhoods.

For 22 years, these four words have been our touchstones, the principles that guide our community-building mission. As you’ll read in the pages that follow, these four words accurately sum up both our FY 2008 achievements and our approach as we step forward into the future.

A Steady Course Despite the current troubled economic climate, NCCLF continues to provide loans at affordable rates and fl exible terms, as well as customized consulting and training services.

We continue to partner with community-based nonprofi ts that are both mission-focused and carefully managed – organizations that improve the quality of life for people in need, like the Charlotte Maxwell Complementary Clinic (CMCC). When Le Lam (on the cover) was undergoing cancer treatment, CMCC eased her dis-comfort from the disabling side effects she suffered. Acupuncture, Chinese medicine, massage therapy, and other healing services are provided free of charge to women like Le by the compassion-ate practitioners who volunteer at CMCC.

Steady. Stable. Constant. Forward.

PICTURED Mary A. Rogier, NCCLF President (l) and Ann Cameron, Chair, NCCLF Board of Directors (r).

1

2

administered by the U.S. Department of Treasury. With this attractive incentive for private equity investment, NCCLF will fi nance signifi cantly larger and longer-term loans for community facilities at well below market interest rates, to create much-needed hubs of community services in our region’s poorest neighborhoods.

In this Annual Report for FY 2008, we will highlight just a few of the dozens of community-based nonprofi ts NCCLF assisted over the past year. We hope you will see how NCCLF’s willingness to be a steady, stable, constant, and forward-thinking partner to these groups—regardless of the economic climate—is making a profound contri-bution to the well-being of our region.

With our sincere thanks for your support,

Mary A. Rogier Ann CameronPRESIDENT CHAIR, BOARD OF DIRECTORS

3

Sources of Loan Capital

Nonprofi ts/Associations2% Banks

43%

Individuals16%

Government4% Foundations

15%

Religious/Health Organizations20%

NCCLF Goals SurpassedKey FY 2008 strategic planning goals and actual amounts in millions of dollars

$40

$35

$30

$25

$20

$15

$10

$5

$0

Outstanding Loan Portfolio

Total Loan Fund Net Assets

Investmentsin NCCLF

Total Assets

entrusted to us by individuals, religious and government institutions, banks, corporations, and foundations enable us to provide the kind of fl exible and patient capital that transforms neighborhoods. Thanks to NCCLF’s long history of fi nancial stability, our generous supporters know their gifts and investments are being used effectively to create positive changein the region’s most distressed neighborhoods.

A Constant PresenceTo be effective over the long term, we focus on developing ongoing relation-ships with our clients by offering them a constant stream of support. As a result, we have become trusted advi-sors and partners to nonprofi ts doing society’s most diffi cult and important work. It is our mission and commitment to stand with these organizations throughout their journey as they work to revitalize their communities.

NCCLF’s role is to bring new capital and resources to the table. We have built a solid and growing network of

Areas of SupportLoan and grant dollars committed 1987 – 2008

Through steady deployment of our capital, we’ve helped hundreds of organizations like CMCC. In FY 2008, we provided $14.3 million in loans and lines of credit to 24 such projects, and delivered fi nancial management and facility development consulting and training to 94 organizations.

A Stable FoundationWe believe that laying a stable fi nancial foundation is the fi rst step to building stronger nonprofi ts that, in turn, help build stronger communities. That’s why we continue to offer our unique consulting and training services to help nonprofi ts build their fi nancial and facility development skills. During FY 2008, we completely redesigned our fi nancial management workshop curricula and fi nancial analysis tools to help our clients operate with greater effi ciency and impact.

The same attention to these funda-mentals guides our stewardship of the nearly $24 million in borrowed capital invested in our $30 million revolving loan fund. The 184 investments

relationships within the community development industry, an invaluable resource we regularly tap to fi nance larger projects. Our fi nancing capabili-ties and geographic reach have steadily increased over the years. NCCLF now operates in 46 Northern California counties and maintains an offi ce, Advisory Board, and active presence in the Fresno area of the Central Valley.

A Forward LookTimes are tough, but we haven’t stopped thinking about the future. During FY 2008, NCCLF staff and Board began a strategic planning process to guide our organization safely through this year’s choppy economic waters, and to look beyond current conditions to discover the new opportunities for impact that are undoubtedly waiting for us over the next three years.

NCCLF is moving forward to expand our impact in many ways. In FY 2008, we won a $21 million New Markets Tax Credit allocation award in a highly competitive national process

Economic Development5%

Affordable Housing42%

Health & Human

Services31%

Arts & Education22%

AFFORDABLE HOUSING

Loans 96 ImpactCommitted $38,694,062 Square feet 342,647Leveraged $785,479,213 Clients served 6,853Grants 17 Jobs created/retained 597Committed $1,602,340 Housing units 5,058Leveraged $30,524,535

ARTS & EDUCATION

Loans 43 ImpactCommitted $16,689,386 Square feet 834,370Leveraged $36,969,152 Clients served 174,941Grants 35 Jobs created/retained 1,309Committed $4,840,940Leveraged $229,377,469

HEALTH & HUMAN SERVICES

Loans 128 ImpactCommitted $29,068,432 Square feet 943,511Leveraged $223,520,744 Clients served 241,266Grants 10 Jobs created/retained 2,839Committed $1,482,910 Housing Units 764Leveraged $26,098,517

ECONOMIC DEVELOPMENT

Loans 16 ImpactCommitted $5,219,556 Square feet 121,830Leveraged $23,582,322 Clients served 4,523 Jobs created/retained 281 Housing Units 33

TOTALS

Loans 283 ImpactCommitted $89,671,436 Square feet 2,242,358Leveraged $1,069,551,431 Clients served 427,583Grants 62 Jobs created/retained 5,026Committed $7,926,190 Housing units 5,855Leveraged $286,000,521

21 Years of Social Impact1987 – 2008

Kala Art InstituteBerkeley, California

Reetu Dhinga loves to make art. Her occupational therapist believes Reetu works her hardest during her weekly art class. Reetu is learning to verbalize her requests, and is more diligent when asking for something she really wants. Like yellow paint—it’s her favorite color.

Reetu is a student at Anna Yates Elementary School in Emeryville. Once a week, she and a small group of other special learners participate in an art class led by two artists from the Kala Art Institute. The volunteer artists devise art projects that enable these children to work on their communication and social skills, while enjoying a rare opportunity to express themselves creatively. Although the class is only one hour, the families and teachers see a tremendous difference in their children’s disposition and abili-ties, and know the classes led by Kala teachers are helping their children live happier and more independent lives.

Founded in 1974, the Kala Art Institute is committed to provid-ing quality arts education to artists and communities throughout the Bay Area. From stimulating lectures and innovative exhibi-tions to exceptional arts classes and unique consignment sales, the Institute makes art in all forms available to the public.

One of Kala’s core services is its Artists-In-Schools program. Since 1993, the program has brought professional artists into Bay Area public school classrooms, providing students with the oppor-tunity to express their artistic creativity in all different mediums. Students have the chance to sculpt, paint, dance, and drum, often for the very fi rst time.

State- and city-wide budget cuts have slashed art programs and classes from public schools. Over half of the 2,500 students served annually by Kala come from low-income families. For many of the children who receive instruction from Kala’s artists, it may be their fi rst opportunity to hold a paintbrush or an artist’s pen.

Demand for Kala’s programs has signifi cantly increased over the years, and by 2004, the agencyhas exceeded its serving capac-ity in the old Heinz factory. When the organization needed to grow, NCCLF was able to support Kala by providing them with $62,500 in working capital, enabling them to purchase more space in the Heinz building. With an additional 6,700 square feet in newly renovated space, Kala is now able to expand its programs and services, and produce even more future artists, like Reetu and her classmates.

4 5

NCCLF’s steady presence opens a world of possibilities.

PICTURED Anna Yates Elementary School student Reetu Dhinga and Kala artist Susan Wolf work together on an art project.

Ed Roberts CampusBerkeley, California

At NCCLF, we believe that an organization that is fundamentally strong can serve a greater number of people more effectively. It can serve as a catalyst for collaboration, innovation and growth.

For the founders of the Ed Roberts Campus, creating such partnerships and producing new ideas is a key part of their vision. The Campus will house seven nonprofi ts offering a variety of services for individuals with disabilities and their families. By working together, these organizations seek to ensure that people with disabilities can live fully and independently, and without dis-crimination.

The Ed Roberts Campus, named for an inspirational leader and father of the Independent Living movement, will be a fully accessible transit hub. The building itself will draw on the archi-tectural theories of Universal Design, a school of thought that seeks to meet the needs of people of all ages and abilities. Dmitri Belser, President of the Ed Roberts Campus and Executive Direc-tor of the Center for Accessible Technology, believes “the Campus will take the concept of Universal Design to a whole new level. We hope that architects designing spaces for the disabled population will use it as a model around the world.”

Construction is well under way. Located directly across from the Ashby BART station in Berkeley, passers-by can glimpse the rust-colored steel beams emerging from the ground. Workers pour the concrete, stabilizing the foundation of the building.

The Ed Roberts Campus is a project 13 years in the making, a collaboration among organizations that share a common history and vision, a partnership in which NCCLF is proud to participate. In August, 2008, NCCLF provided $1,000,000 of a $2,187,500 participation loan to fi nance a portion of the construction costs to build the Campus. The remaining funds were generously supplied by Catholic Healthcare West and the Mercy Partnership Fund.

As far as Belser is concerned, the Ed Roberts Campus will be a lasting collaboration that will impact the disability community worldwide. “When you make partnerships with more agencies, you become stronger, more solid. When you fi nally own your own space, you feel more stable, and you become more stable.”

PICTURED The new Ed Roberts Campus under construction.

Innovation rises from a stable foundation.

6 7

Our constant support moves communities forward.

Mission Economic Development AgencySan Francisco, California

Alma Guevara believes that without the Mission Economic Devel-opment Agency (MEDA), she and the many other small business owners in San Francisco’s Mission District might not have their businesses today.

“MEDA has been very helpful, not just to guide me through the permits process to open my own business, but also on behalf of the community. They gave support to many of the small business owners on 24th Street. Without MEDA, we wouldn’t have had the opportunity to open up our business or have a place to sell our products.”

Guevara is a registered tax preparer. With MEDA’s help, she opened her own tax preparation business in 2006. As MEDA successfully guided Guevara through the complex business permits process, Guevara now patiently guides Latino families unfamiliarwith the income tax process, offering a steady hand and sound advice.

For nearly 35 years, MEDA has been a constant source of innovative and enduring support for San Francisco’s Latino resi-dents. Their mission is to achieve economic justice and stability for working class families through asset development—encourag-ing individuals to open businesses, purchase homes, and become involved in the community planning process.

Since 2002, NCCLF has proudly served as a capacity building resource for MEDA. From formal fi nancial systems evaluation to informal consultations and recommendations, NCCLF has been a trusted advisor as the organization has evolved and thrived.

NCCLF worked extensively with MEDA to realize the agency’snewest vision, Plaza Adelante. A collaboration among fi ve local organizations, Plaza Adelante will serve as a community center where San Francisco residents can easily access a range of fi nancial, legal, and health services. NCCLF and MEDA worked together to make key decisions required during the real estate development and acquisition process and to secure federal New Markets Tax Credit fi nancing. With our lending partner Catholic Healthcare West, NCCLF provided MEDA with a $2,845,000 loan to help fi nance the purchase and renovation of their new home. Now under construction near the corner of 19th and Mission Streets, Plaza Adelante will house up to eight organizations, offering a convenient and effective “one-stop” center where Alma and many others can build their assets and transform their lives.

8 9PICTURED Alma Guevera, the owner of K and K Multiservice, in her offi ce.

Steady. Stable. Constant. Forward.Year ended September 30, 2008

The f inancial information provided is drawn from the Northern California Community Loan Fund’s audited f inancial statements. NCCLF will provide copies on request.

Condensed Statement of Financial Position GENERAL FUND LOAN FUND TOTAL

ASSETS

Cash and Investments $ 3,188,286 $ 10,934,291 $ 14,122,577Grants Receivable 313,750 726,250 1,040,000Loans to Community Borrowers — 17,413,903 17,413,903

(net of reserves)

Other Assets 2,066,538 513,000 2,579,538

Total Assets $ 5,568,574 $ 29,587,444 $ 35,156,018

LIABILITIES AND NET ASSETS

Interest and Accounts Payable $ 340,921 $ 375,392 $ 716,313Notes Payable — 23,369,000 23,369,000 Other Liabilities 1,649,202 — 1,649,202 Total Liabilities 1,990,123 23,744,392 25,734,515

Unrestricted Net Assets 2,719,616 — 2,719,616 Temporarily Restricted Net Assets 858,835 — 858,835 Loan Fund Net Assets 5,843,052 5,843,052 Total Net Assets 3,578,451 5,843,052 9,421,503

Total Liabilities and Net Assets $ 5,568,574 $ 29,587,444 $ 35,156,018

Condensed Statement of Activities and Changes in Net Assets UNRESTRICTED TEMPORARILY RESTRICTED TOTAL

SUPPORT AND REVENUE

Grants and Contributions $ 973,241 $ 1,359,500 $ 2,332,741 Interest and Investment Income 966,587 — 966,587 Consulting and Other Fee Income 385,385 — 385,385 Net Assets Released from Restrictions 464,801 (464,801) —

Total Support and Revenue $ 2,790,014 $ 894,699 $ 3,684,713

EXPENSES

Program Services Direct Lending $ 1,296,230 $ — $ 1,296,230 Consulting and Grant Programs 619,509 — 619,509 Capitalization 403,004 — 403,004

Total Program Services 2,318,743 — 2,318,743

Supporting Services Management and General 221,418 — 221,418 Fundraising 209,155 — 209,155

Total Supporting Services 430,573 — 430,573

Total Expenses $ 2,749,316 $ — $ 2,749,316

CHANGE IN ASSETS

Change in Net Assets $ 40,698 $ 894,699 $ 935,397 Net Assets, Beginning of Year 2,678,918 5,807,188 8,486,106

Net Assets, End of Year $ 2,719,616 $ 6,701,887 $ 9,421,503

10

NCCLF Investors We appreciate the commitment and support of the following investors.

BANKS

Bank of AmericaBank of America Community

Development BankingBank of the WestBorel Private Bank and Trust CompanyFirst Republic BankGuaranty Bank, San FranciscoManufacturers BankNorthern Trust Bank, NASilicon Valley BankU.S. Bancorp Community Development

CorporationU.S. Trust Company United Commercial BankUnited Labor BankWashington MutualWells Fargo Community Development

Corporation

FOUNDATIONS

Calvert Social Investment FoundationThe Annie E. Casey FoundationS. H. Cowell FoundationFriedman Family FoundationFund for NonviolenceFunding Exchange EndowmentFunding Exchange Pooled FundThe Wallace Alexander Gerbode

FoundationPeople’s Life FundErich and Hannah Sachs FoundationThe Tides Foundation

NONPROFITS AND GOVERNMENT AGENCIES

Community Development Financial Institutions Fund

Community Economics, Inc.Opportunity Finance Network

RELIGIOUS ORGANIZATIONS

Adrian Dominican SistersAscension HealthCalifornia Province, Society of JesusCatholic Health InitiativesCatholic Healthcare WestCongregation of the Sisters of Charity of

the Incarnate WordDominican Sisters of Mission San JoseDominican Sisters of San RafaelFirst Hebrew Congregation of Oakland,

DBA Temple SinaiMarianist Province of the United StatesMarist Society, Inc.

Mercy Partnership FundSinsinawa DominicansSisters of Charity of the Blessed Virgin

MarySisters of Mercy, Regional Community

of AuburnSisters of Mercy, Regional Community

of BurlingameSisters of Notre Dame de NamurSisters of St. Joseph of CarondeletSisters of St. Joseph of OrangeSisters of the Holy FamilySisters of the Holy Names of Jesus and

Mary, Province of CaliforniaSt. Ignatius ChurchSt. John’s Presbyterian Church,

BerkeleySt. Joseph Health SystemTrinity Health Corporation

INDIVIDUALS

Susan S. Aaron and Steven E. ShermanAmos ben Asher FundSuzanne and Ronald BachmanHolly Badgley and Peter Stern Robert BaconJane BakerPeter BarnesMary and Ted BaroneAlvin H. Baum, Jr.Jesse BeanLaurie BernsteinJoani BlankElizabeth BoardmanPeter BrastowVictoria and William BrucknerJulia Busgang and Richard Bernius Erin CallahanPaul Chechanover, Chechanover Family

TrustCory Cherk and Chris DavidsonMary Ann CobbNancy ConoverJohn CottonSandra CurtisLinda Dallin and Paul Sussman Nancy Harris Dalwin and Geoffrey

DalwinKathleen DiepenbrockS. W. Dittenhofer IIIJean Driscoll and Peter Calthorpe Marta DruryJames R. EitelAlma En PazCaroline L. EvertsMichael S. FalkMichael Faust Mary Ford and Robert Lewis

Susan FrankRoberta Friedman and Paul B. DrescherMax Meyer FriedmanMeryl Meyer Friedman Annie GogliaLibbey GoldbergLenore GoldmanDeborah GrayClaire and Michael GrayBaukje Gray-Sluis and Herman Gray Marion E. GreenePaul Gundelfi ngerHolly Hayes and Carl Stern Adam HochschildLisa HonigZoia Horn and Richard Galloway Martha HydeDavid JaberJoseph KresseSuzanne LaFetraKaren LarsenMonica and Eric LeensonRichard D. Lewis, Jr.Oliver H. P. LloydEstate of Laurence LockeMary Luckey and Paul Kivel Stephen MatchettArlene MayersonAdair McClatchyChris McCluneyRobert C. McConnellKate MeyerPaulette J. Meyer and David A.

Friedman Joanie MisrackMargery Keys Morel-SeytouxHenry ObermayerSorca M. O’Connor

Jeffrey OrdowerWendy OserDorothy and David D. PerkinsWilliam PettusHanna PitkinBarbara RhineCharlotte RiegerElisabeth and Robert Hardman RixJoan and William RobbinsWilliam RosenfeldJoan RothMeredith Sabini, Ph.D.Kirby SackPeter S. SamisMark SchackIlana Schatz and David Lingren Susan SeverinSue SiegelPatricia SilverWilliam StewartJanet StoneDolores TallerWendy TanowitzClay TaylorTamara TeichgraeberMarianna S. TubmanElia and Halimah Van TuylTanis WaltersSandy WeilKaren Weil and Mark MorrisJanet and James WenningerPatricia WolfeMolly and Dennis WuthrichKatherine YoungmeisterRichard YurmanJody ZaitlinDavid ZebkerJudy Zollman and Marty Glick

11

PICTURED Founding President Paul Sussman; Jean Driscoll, Board Member; Jill Storey, Co-Founder, Loan Committee Member; Bill Lambert, Board Member.

NCCLF DonorsWe are grateful for the generosity of the following donors who have contributed to NCCLF this year.

ORGANIZATIONS

$50,000 and Up

The Annie E. Casey FoundationBank of AmericaEvelyn and Walter Haas, Jr. Fund S.H. Cowell FoundationUnion Bank of CaliforniaWells Fargo Foundation

$10,000–49,999

Cow Hollow FoundationCiti FoundationFiredoll FoundationFriedman Family FoundationNorthern TrustStanley S. Langendorf FoundationThe San Francisco FoundationU.S. BankWachovia BankWashington Mutual Bank

$1,000–9,999

Bank of the WestBorel Private Bank & TrustCatholic Healthcare WestClearinghouse CDFIEast Bay Community FoundationGreene Radovsky Maloney Share &

Hennigh LLPING Capital LLCLow Income Investment Fund (LIIF)Manufacturers BankMarineau Family FoundationMechanics BankOpportunity FundRabobankSilicon Valley BankState Street FoundationSterling Bank & TrustUnited Commercial Bankvan Loben Sels/RembeRock Foundation

Up to $999

BRIDGE Housing CorporationCalifornia Economic Development

Lending Initiative (CEDLI)Calistoga Affordable HousingCenter for Employment TrainingFarallone Pacifi c InsuranceFederal Reserve Bank of San FranciscoGubb & Barshay LLPWalter and Elise Haas FundHarrington Investments, Inc.Hatlen Center for the BlindKobler Development ConsultingLawyers’ Committee for Civil Rights

of SFBALocal Initiatives Support Corporation

(LISC)

Mason Tillman Associates, LTDMission Economic Development AgencyResolve DigitalSt. Vincent de Paul Society of San

FranciscoSan Francisco Housing Development

CorporationSan Francisco Redevelopment AgencySatellite HousingTenderloin Neighborhood Development

CorporationUnited Way of San FranciscoYouth Radio

INDIVIDUALS

$5,000 and Up

Amos ben Asher FundHolly Badgley and Peter SternKimo Campbell S.W. Dittenhofer III Jean DriscollGertrude and Daryl ReaganJulie Stevenson and Tom Meyer

$1,000–4,999

Clara BasileSusan Chamberlin Helen S. Cohen Laurie CohenAdrienne Hirt and Jeffrey RodmanNancy Kittle Molly Lazarus and Craig BurkePamela Merchant and Kirby SackPaulette J. Meyer and David A.

FriedmanElizabeth and Thomas Pigford Elizabeth H. and Robert Rix Susan SeverinMargaret J. Stone Patricia Wolfe

$500–999

Ann and Scott CameronJohn CottonVickie Scott Grove and David Leland

Fair Sarah Nelson and Mary A. RogierJohn H. Rodgers William Roth Suzanne RubelPeter S. Samis Lydia Tan and John BartonGeorge WilliamsonElizabeth H. and Kirke P. Wilson

Up to $499

Fred AudaPeter Barnes

Elizabeth BenedictElizabeth Boardman Peter BrastowClaudia CappioLisa Chen and Robert E. FinkelsteinThomas C. ChiangPraful DeshmanMargaret Diener, OP David DologiteMichael S. Falk Elena Featherston Joseph FongBrenda and Walter Gates-MonaschMargo George Jane GrafDavid Guggenhime Alfred Heller Peter L. D. HendleyFlora KayPeter KyleAndra LichtensteinBill Lambert Lewis LubinMary Luckey and Paul Kivel Lori Magistrado Stephen MatchettRobert T. Matthews, Jr. Susan M. MillerNancy NealDavid OkazakiDoug Paxton

PICTURED Darnell Robinson, Clearinghouse CDFI; Mary A. Rogier; Alice Rocha, Central Valley Staff; Tom Collishaw, Self-Help Enterprises, Community Impact Honoree 2007.

12

Margaret O. PilgrimPatrick J. ReedFrances ReidDerek ReimerLaurie and Earl Rivard Donald RobertsJack SawyerKimberly Scala and Akaya Windwood Ilana Schatz and David LingrenSherry SimmonsCarolyn Sonfi eldScott SporteJill D. Storey and Richard FisherMartin Tannenbaum and M. Alex

IngersollKenneth TaymorRudi Weber, Jr.Karen Weil and Mark MorrisSandy WeilIlene Weinreb Mark Weisman Mark Whisler Molly and Dennis Wuthrich David ZebkerRobert M. ZimmermanJudy Zollman and Marty Glick

Bill LambertStrategic Urban Development Alliance

Pamela MerchantSecretary Center for Justice and Accountability

Margaret (Peg) StoneRetired

Andrew SunSun Associates

Lydia TanBRIDGE Housing Corporation

Pablo Bravo VialTreasurerCatholic Healthcare West

George WilliamsonCalifornia Economic Development Lending Initative

Kirke P. WilsonBoard Vice ChairRetired, Former President of the Rosenberg Foundation

ADVISORY COUNCIL FOR THE CENTRAL VALLEY

Frank BravoManager of Community Development FinanceRabobank, Visalia

Oscar L. Cabello, Jr.Vice President and Community Development ManagerWells Fargo Bank, Modesto

John ChanVice PresidentU.S. Bank, Sacramento

Tom CollishawVice President and Director of DevelopmentSelf-Help Enterprises, Visalia

Alegría De La CruzStaff AttorneyCenter on Race, Poverty and the Environment

Mike FoleyExecutive DirectorSmall Valley Business Corporation, Fresno

Ernie HernandezExecutive DirectorUnited Way of Tulare & Kings County

Gabriela MelloCommunity Relations Offi cerCitibank, Fresno

Dr. Vida SamiianDean of Arts and HumanitiesCalifornia State University, Fresno

Michael SigalaPrincipalSigala Inc., Clovis

Rolland SmithField Offi ce DirectorU.S. Department of Housing and Urban Development

Dennis WoodsPresidentUnited Security Bank, Fresno

NCCLF STAFF

Mary A. RogierPresident

Gregory AllenBusiness Applications Analyst

Ross CulverwellSenior Loan Offi cer

Erin DaubeDevelopment Associate (as of 9/2008)

Kayne DoumaniTraining Manager, Consulting and Grants Program (through 8/2008)

Felena GuyeLoan Associate

Dutch R. HaarsmaSenior Vice President, Director of Lending

Catherine HowardSenior Loan Offi cer, Special Projects

Grayton HuangAccountant

Cristian MartinezExecutive Assistant

Michael MurrayDevelopment Associate (as of 9/2008)

Carrie R. OctavioLoan Offi cer (as of 10/2008)

Tessa PerryAdministrative Coordinator (as of 5/2008)

Alice RochaBusiness Development Loan Offi cer

C. Lea SalemDirector of Finance and Administration

Sojeila María SilvaSenior Managing Consultant

Sherry SimmonsDirector of Resource Development

Joshua SimonDirector of Consulting and Grant Programs

Karen SullivanConsulting Analyst (as of 5/2008)

BOARD OF DIRECTORS

Frank BravoRabobank

Ann Cameron Board ChairNorthern Trust N.A.

Regina DavisSan Francisco Housing Development Corporation

Jean DriscollConsultant

Vickie Scott GroveChild Advocates of Santa Clara and San Mateo Counties

Jonathan Klein(as of 10/2008)Union Bank of California

Staff, Board and Advisory Council

DESIGN: e.g. communications

PHOTOGRAPHY: Front cover, pgs. 6-7, pgs. 11-12, Roy Manzanares Photography; pgs. 8-9, Pete

Geniella Photography; pg. 13 top, courtesy Affordable Housing Associates; pg. 13 bottom, courtesy

Vallejo Community Arts Foundation; pgs. 4-5, back cover, Kym Cortigiano.

Printed on 25% post-consumer waste fi ber and 50% total recycled fi ber

13

PICTURED Renovations made to the Empress Theatre, a historic Vallejo landmark, were made possible by a grant from the Non-Profi t Space Capital Fund.

PICTURED Capital from NCCLF helped Affordable Housing Associates fi nance the construction of the Orchards on Foothill, an affordable housing development for very low-income seniors in Oakland.

BACK COVER Emeryville students in Kala’s Artists-In-Schools program perform the traditional Indian Kathak dance.

MAIN OFFICE

870 Market Street, Suite 677 • San Francisco, CA 94102

T 415.392.8215 • F 415.392.8216

CENTRAL VALLEY REGIONAL OFFICE

4270 N. Blackstone Road, Suite 110 • Fresno, CA 93726

T 559.452.0327 • F 559.452.69015

info@ncclf.org • www.ncclf.org