"All of this is possible thanks to you, our investors, our supporting foundations, our partnering government agencies and local community organizations, and of course, our strategic affiliation with NCB."

Millions of people in the United States are below the line: below the line with respect to annual income, average years of school completed, health and basic well being. Or below the line with respect to having adequate services, or not.

Our mission is to support people and communities to reach their highest potential at every stage of life – to essentially “cross the line”. And that’s the theme of our annual report, crossing the line.

Let me highlight for you, the work we’ve done over the past year with you our investors, our partners and our funders to invest in communities, to prepare kids, adults and older Americans to cross the line -- to have choices and to reach their full potential.

How did we leverage your capital, partnerships and support of all the work we do to help people and communities reach their highest potential at every stage of life?

To help people and communities break barriers and cross the line to reach their highest potential in 2010, we continued to refine our three-pronged cooperative approach. Utilizing practice, policy and partnerships across public and private organizations with shared vision and values, we accomplished so much in 2010.

Together, how did we invest in communities working to cross the line?

 Assembled and delivered $195.8 million in capital for education, health care and housing nationwide. 

 Built capacity through the peer-to-peer exchange of expertise and ideas both online and in person, and through the distribution of tools and resources to thousands of practitioners in housing, education and aging. 

 Were awarded $20.7 million in Program Related Investments funding, and $21.6 million in grants for innovative community lending and expert technical assistance.

 Launched several new, major initiatives:

o  Village to Village Network brought together 125 member Villages in its first year to help thousands of adults age in their own communities independently.
o  Cornerstone Partnership attracted more than 300 member organizations in its first year that are working to create long-term affordable homeownership opportunities for thousands of low-income families across the country.
o  Participated in the JP Morgan Chase Charter School Lending Initiative, where we used the funds awarded from this program to create an $80 million program for 10 schools that will benefit at least 3,500 students.
o  Partnered in the Detroit Integration Initiative, a $22 million Living Cities program to create a new model of public, private partnership to expand economic opportunity for low-income people.

What did these resources yield for our communities ?

 $63.3 million for charter schools so that 16,210 children now have access to a high quality education
 $55.3 million for community health care centers so that 7,602,030 patients were able to get the care they needed
 $17.1 million for affordable housing and long term care so that low-income families could live under their own roof and older adults could receive quality, dignified care.
 $25 million for economic development creating 150 jobs and promoting environmental sustainability
 26,470 hours of peer-to-peer exchanges, tools and resource development so that tens of thousands of older Americans can age in their own communities and homes, and families with low to moderate-incomes can now afford to own their homes.  

What are the longer term outcomes?

Meaningful impact will continue as transformative change helps make high-quality health care, housing and education more accessible and attainable, and eldercare more dignified and respectful.

All of this is possible thanks to you, our investors, our supporting foundations, our partnering government agencies and local community organizations, and of course, our strategic affiliation with NCB.

Equally critical is the financial strength and sustainability of our organization. We are pleased once again to report one of the strongest performances in our 28-year history:

Annual Disbursements were $195.8 million.
Total disbursements grew to $1.6 billion.
Managed Portfolio grew to a record high of $747.3 million.
Loan Performance was strong.

Even more, NCB Capital Impact received its CDFI certification. And, Capital Impact maintained the CARS’ highest rating of “1” for Financial Strength and Performance; the highest rating of “AAA” for Impact Performance; and a Policy Plus for leadership in policy changes impacting disadvantaged people and communities.

As we move forward into the next year, we will continue to help individuals and communities cross the line , moving them one step closer to reaching their full potential. We look forward to partnering with you each step of the way.

Terry Simonette
President & CEO
NCB Capital Impact