BTQ Financial, Inc. provides outsourced financial services to non-profit organizations and is majority owned by three leading non-profits committed to servicing the AIDS community: Housing Works, Harlem United, and Hudson Planning Group. With rapidly growing revenues and more than 60 employees, this vibrant business delivers significant efficiencies to the non-profit community. Contact Fund’s loan to BTQ partially funds an aggressive capital spending program focused on improving scalability by creating remote functionality for clients, codifying client procedures and developing staff training. Contact Fund provided a business line of credit at better terms than conventional lenders, who penalized BTQ for its ownership structure. This loan helped to leverage a loan 5 times the from a private philanthropic foundation.

Fifth Avenue Committee (FAC) is a community-based non-profit founded in 1978. Its formation was sparked by neighborhood demolition to make way for a school that was never constructed. To combat neighborhood blight, FAC was initiated by area residents "to act as conveners and advocates, organizers and sources of technical assistance, and packagers and developers."

With over 100 board, staff, and community members participating in carrying out its plans FAC’s reach in the community is wide. Among workforce development and job placement services, adult education, and advocacy work, FAC has a large housing development arm, developing and maintaining affordable housing for low and moderate-income families in neighborhoods such as Park Slope, Red Hook, Sunset Park, Prospect Heights, Gowanus and Carroll Gardens.

Contact Fund’s $600,000 line of credit targets three different development projects in FAC’s pipeline. The first, Gowanus Green, is a large, sustainable, affordable mixed-use development in Carroll Gardens, Brooklyn, using Contact Fund’s line of credit for critical pre-development costs. The second, Red Hook Homes, a mixed-income cooperative, will be using the funds for the marketing and sales of below market-rate apartments. The third project, Atlantic Terrace, has a significant retail component. FAC used Contact Fund loan proceeds to finance the landlord improvements negotiated in connection with its lease to a national retail tenant.

Community Homes Housing Development Fund (CHHDFC) is a nonprofit organization, and affiliate of Asian Americans for Equality (AAFE), created in 2000 to increase and improve New York City’s housing stock while promoting and advancing homeownership for minority, immigrant, low- and moderate-income and underserved populations.

In 2010, Community Homes HDFC began a pilot REO program in which it has targeted neighborhoods in Queens which have been most impacted by the foreclosure crisis including Corona, East Elmhurst, Hillcrest, Jamaica and South Ozone Park. Contact Fund's $500,000 loan will provide flexible capital to purchase and rehab foreclosed homes in Round 2 of their REO program.

The New York City Montessori Charter School (NYCMCS) was authorized by the New York State Education Department in December 2010, and opened its doors on September 6, 2011. It’s located in District 7 in the Mott Haven section of the South Bronx at 416 Willis Avenue, but will be expanding to a larger building in September 2012 a few blocks away. The school’s curriculum is based on an alignment of the Montessori approach with the National and New York State Core Curricula and it is the first charter school in New York City to have this Montessori curriculum alignment. The school will attend to children K-5 when it reaches full capacity of 300 students in 5 years. The school day is almost 20% longer than traditional public schools, from 7:45 A.M. to 4:00 P.M., in order to provide students with additional time-on-task and longer sustained work periods.

In March 2012, Contact Fund closed a 3-year, $150,000 working capital loan to help with a down-payment for a new expanded school space and other working capital needs as the school expands enrollment.

Bronx Shepherds Restoration Corporation (BSRC) is a non-profit NYC Affordable Housing Developer located in the South Bronx with a staff of 45 and an annual budget of $9.8M in 2010. Bronx Shepherds represents 42 member churches, of which 95% are minority congregations. In operation since 1979, BRSC provides a number of services that contribute to the restoration of the South Bronx. These services include rehabilitation of existing housing units, participation in the New York State Weatherization Program, management of organization-owned housing units, and construction of new housing developments under the Low Income Housing Tax Credit Program. BSRC currently manages 500 units in 21 buildings, with a portfolio occupancy rate of 95%.

In April 2012, Contact Fund closed a $400,000 pre-development loan to BSRC for Redemption Plaza. Redemption Plaza will be located on a plot already owned by BSRC at 1665 Jerome Avenue in the South Bronx. The development will be comprised of 71 units of affordable housing, 10,000 square feet of space for an expanded BSRC training facility, and 6,000 square feet of retail dedicated to a fresh food business. The residential units are intended for children aging out of foster care who will Section 8 assistance, as well as low-income elderly individuals living with their grandchildren. The proposed building incorporates an array of sustainable and energy efficient design elements.

Local developers and merchants founded Cypress Hills Local Development Corporation (CHLDC) in 1983, after a period of rapid neighborhood change. Their mission is to revitalize the Cypress Hills community through housing preservation, economic development and the positive development of youth and families. They serve 8,000 residents a year from 15 sites. CHLDC develops affordable housing and helps owners and renters retrofit and repair their existing housing; educates and counsels first time homebuyers and organizes tenant associations; assists parents and teens to organize to improve local public schools; and offers recreational, vocational and educational opportunities for youth, adult education, family and college counseling. CHLDC’s subsidiary, the Cypress Hills Childcare Corporation, runs a family day care network, an In-Home Head Start and Day Care Center which they built in 2000. To date, CHLDC has developed 355 affordable housing units, nine commercial units, a child care center and a new public school building.

Contact Fund’s $500,000 loan to CHLDC is for predevelopment expenses associated with the development of 60 units of affordable housing in the Pitkin-Berriman Housing Development, located at 250 Pitkin Avenue, Brooklyn - a site CHLDC acquired in 2011. The proposed 68,725 square foot housing development will have 5 studios, 20 one-bedroom, 25 2-bedroom and ten 3- bedroom apartments, with 12,064 square foot of commercial space on the ground floor targeted to become a grocery store with a hydroponic roof garden to supply fresh produce. The targeted AMI of residents will be 60% and below.

Greater Jamaica Development Corporation (GJDC) was founded in 1967 as a development organization in the Jamaica, Queens neighborhood. It is a community–building organization that plans, promotes, coordinates and advances responsible development to revitalize Jamaica and strengthen the region. The organization’s work expands economic opportunity and improves quality of life for the ethnically and economically diverse residents of Jamaica and for the region,  through rational, well-planned and sustainable metropolitan growth. GJDC’s contributions to building a sustainable and prosperous downtown Jamaica include adaptive re-use, business development and business and industrial retention.

Contact Fund’s loan is for construction costs associated with renovating a leasehold space for a tenant, the Federal Department of Probation, with a five-year lease.  This loan will be fully amortized over the life of the lease.

Women's Housing and Economic Development Corporation (WHEDco) is a previous borrower to Contact Fund that recently received another loan for a new development. Contact Fund’s current loan is for pre-development costs associated with the development of WHEDco’s Bronx Commons development in the Melrose Commons neighborhood of the Bronx. The proposed 361,600 square foot mixed-use project will include 293 mixed-income rental apartments for persons between 50% and 80% of Area Median Income. Approximately 75% of the units will be 2-bedrooms or more. The project also consists of a grade 6-12 public charter school in partnership with Bard College, the Bronx Music Heritage Center, retail space, open green space and a rooftop hydroponic green house.

STRIVE’s mission is to help people acquire the life-changing skills and attitude needed to overcome challenging circumstances, find sustained employment, and become valuable contributors to their families, their employers, and their communities. STRIVE serves the hardest-to-employ, often individuals leaving the criminal justice system, and over one third between the ages of 18-24. STRIVE’s training program addresses a broad spectrum range of personal attributes, including job skills, interpersonal skills and life planning skills.

After its founding in East Harlem, STRIVE expanded aggressively during the 1990’s, opening affiliates in over a dozen North American cities and four other countries. The economic downturn and the complex operating model destabilized the organization. During 2013 STRIVE board members approached SeaChange Capital Partners to discuss an organizational renaissance, a portion of which relied on a new management team and re-gaining access to credit, having defaulted on prior bank loans. Contact Fund extended revolving credit terms that enabled the organization to bridge typical seasonal cash flows associated with fee-for-service contracts, while upholding a level of fiscal discipline that will be necessary for STRIVE to “graduate” from Contact Fund to traditional bank lending products.

Hale House Center, Inc. was established in 1969 by Mother Clara Hale to serve children and families in need. Its Harlem-based programs offer a safe, nurturing environment and an opportunity for a better future through individualized support and educational services. Current initiatives include a state-of-the-art learning center for children ages six weeks to five years and a supportive transitional housing program for single parent families.

In July 2014, Contact Fund closed a $500,000 working capital line of credit, which pairs Contact Fund capital with strategic repositioning guidance from SeaChange Capital Partners.

Healing Arts Initiative (HAI) is an arts and education nonprofit headquartered in Long Island City, Queens. HAI is a city-wide organization whose mission is to “eliminate barriers to art for New Yorkers shut out of the cultural mainstream”. HAI brings visual arts, music, dance and movement, photography, and media arts into schools, hospitals, prisons and other health and social service settings. HAI also brings low-income and disabled persons out of isolated or monotonous institutions to experience the arts in mainstream cultural venues and local community centers using its fleet of specially adapted buses and trained drivers. Healing Arts reaches over 350,000 people annually with a budget of $5.8m and a staff of 23.

Contact Fund $65,000 loan investment helps support HAI’s Tickets to Go program, an exclusive vendor relationship with the New York City Department of Education (DoE) through which NYC public schools purchase discounted/group rate tickets to Broadway and Off-Broadway shows, AMC movie theaters, and other live performances city-wide.