Chicago Commons Nia Family Center

Chicago, IL (2016)

Chicago Commons Nia Family Center

Adult Daycare, Community, Daycare and Early Childhood, Healthcare, Nursing Homes and Hospice, Youth and Families

NMTC financing supported Chicago Commons after they absorbed the Adult Day Care Service program from Bethel New Life as well as its Home Care program.

Investment

NMTC Amount: $575,000
Total Project Cost: $2,000,000

IMPACT

6 FTE jobs
2,210 patients served
Nearly 10,000 people are impacted by the organization each year, including parents, caregivers, and children of program participants in the West Humboldt, Pilsen, Back of the Yards, and Grand Boulevard neighborhoods.

CDEs

IFF

Investor

Unknown

Voices from the Community

“We are appreciative of IFF’s support in helping Chicago Commons during Illinois’ unprecedented budget crisis. While our organization has been financially sound and healthy for many years, the past year has called for us to think creatively to weather the financial storm. Partnering with IFF allowed us to keep our doors open without balancing the budget on the backs of our participants, who depend on us every day for early education, family services, and senior care programming.”

-Edgar Ramirez, CEO Chicago Commons, on receiving NMTC financing

Project Description

In 2012, Chicago Commons absorbed the Adult Day Care Service program from Bethel New Life as well as its Home Care program. After careful community analysis, a review of strategic priorities, and the continued effects of a crumpling state budget, the organization transferred program participants and some staff to its Bronzeville location. They realized that because of a $7 million hole in revenue because of the state budget impasse, Chicago Commons would be fighting to keep open its Home Care program, which helps over 1,200 seniors annually and employs 600 workers.

In this time of dire need, Chicago Commons turned to an old friend and partner. IFF has loaned $2 million to Chicago Commons for working capital, giving the organization enough cash to operate its senior programs through the end of the year.

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MAP

Address: 744 North Monticello Avenue, Chicago, IL 60624

Census Tract: 17031231500