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Stronger Nonprofits Initiative
Application for Detroit 2020

Required Information

PROGRAM OVERVIEW

IFF is a Community Development Financial Institution (CDFI) that operates as a mission-driven lender, real estate consultant, and developer, creating opportunities across the Midwest for low-income communities and people with disabilities.

In our work, we frequently partner with and serve nonprofits that share our mission — and we’re excited to invite applicants to a program launching this fall in Detroit: the Stronger Nonprofits Initiative (SNI). This intensive cohort program’s primary goal is to support leaders of color. It is open to nonprofits led by people of color and/or serving low-income communities of color in Detroit. Participants will work to improve aspects of their organizational performance alongside other nonprofit leaders.

The Stronger Nonprofit Initiative is made possible through the generous support of JPMorgan Chase & Co. IFF is also partnering with Fiscal Management Associates (FMA), a nationally-known consulting firm that specializes in helping nonprofits build their fiscal management capacity, to deliver workshops and technical assistance.

This program is ideal for organizations poised and ready for change, and willing to devote meaningful senior staff and leadership time to the program. Participating nonprofit leaders will:

Build their core financial management skills through a series of virtual workshops and peer learning opportunities.
Work on customized goals through one-on-one financial management coaching with FMA.
Be connected to flexible financing for facility-related projects that meet their organization's needs.
Engage in a community of learning and practice, where they will share, collaborate, and learn from other organizations’ best practices.
Access targeted, subsidized professional services in real estate planning.

There is no minimum or maximum operating budget size, but priority will be given to organizations for which this program reflects a critical investment for capacity building.

The deadline to apply is Monday, August 31, 2020. If you have any questions, please contact SNIDetroit@iff.org.

1.	ELIGIBILITY: Please review these eligibility requirements before proceeding with the rest of the application. To be eligible for this program, a nonprofit must meet all of the following criteria. Please check these boxes to confirm your eligibility.

			Be a 501(c)(3) tax exempt public charity in good standing with executive operations based in Detroit
			Have at least one paid staff on the leadership team who is a person of color
			Serve low-income communities of color
			Have a paid, full-time permanent CEO/Executive Director
			Have at least three members of the leadership team ready and willing to actively participate in a 14-month long program starting October 2020, which includes: (a) All virtual workshops and peer learning sessions listed above; (b) Individual bimonthly financial management coaching sessions across the span of the 14 months; (c) Development of a financial management action plan for implementation across the 14 months; (d) Individualized real estate consultation services; (e) Two ad-hoc training sessions in 2021 (to be scheduled at a later date); and (f) Participation in the evaluation of the cohort including feedback on workshops