1. Women's Housing and Economic
Development Corporation (WHEDCo) began its
relationship with NFF in 2002 when it received a
grant from the NFF Nonprofit Recovery Fund.
WHEDCo is building a more prosperous Bronx by
offering interconnected, innovative solutions for
families, including the building of energy-smart
affordable homes, small business incubation, and
youth development and family counseling
programs. WHEDCo, like many nonprofits,
frequently maintains high levels of receivables
from government contracts. NFF provided
WHEDCo with a line of credit to improve its cash
flow while it awaits government reimbursements.
WHEDCo also received two NBAs from NFF,
which helped WHEDCo's leadership shape
strategies that advance its mission.
Photo courtesy of WHEDCo

2. The South Bronx Charter School for
International Cultures and the Arts
(SBCSICA) is the first charter public school
to open in the South Bronx with a focus on
dual language immersion. With the help of
NFF, SPSG School Real Estate Group, and
Bank of America, SBCSICA secured $2.5
million in financing needed to acquire a new
facility. NFF is currently evaluating
additional financing to fund part of the
school's $11.4 million renovation project,
including additional classroom space and
activity, art and music rooms.
Photo courtesy of SBCSICA

3. Manhattan Youth Resources and
Recreation (MYRR)provides childcare and
academic and cultural activities to Lower
Manhattan residents. MYRR was among the
first NFF clients to receive the early version
of the NBA, which gave detailed insight into
the questions its management wanted to
answer before proceeding with plans to
open lower Manhattan's first community
center. In 2007, NFF provided a line of
credit that gave MYRR the flexibility it
needed to finish the project, which had its
grand opening in spring of 2008.