News
FCI Distributes Largest Loan in Their 18 Year History
Madison, WI – January 2, 2012 – Forward Community Investments (FCI) lends $1.3 million to the Southwestern Wisconsin Community Action Programs, Inc. (SWCAP) located in Dodgeville, WI. to finance the construction of a 4,100 square foot dental clinic. The expansion will include 8 dental units, a waiting room, reception area and offices to provide services for low-income families.
“FCI is delighted to be participating in such a wonderful project that will continue to deliver the much needed health access to the low-income individuals in Iowa and surrounding counties.”, states Salli Martyniak, president, FCI. “FCI’s long-standing partnership with SWCAP is a prime example of nonprofits working together to strengthen communities, provide jobs, and deliver services to those in need throughout the region.”
Read more: FCI Distributes Largest Loan in Their 18 Year History
FCI Dollars at Work in Dodgeville
FCI's investment dollars are flowing into the Dodgeville community as work proceeds on a new dental clinic. This project, a partnership between Southwestern Wisconsin Community Action Program (SWCAP) and Access Community Health Centers (ACHC), will make space to increase patient visits by more than 100% to 8,400 patients in 2013. When the building is completed services will be managed by ACHC.
NONPROFIT ECONOMIC OUTLOOK REPORT RELEASED: Outlook is restrained and practical
2011 State of Wisconsin Nonprofit Report
Outlook is Restrained and Practical
The results of the 2011 Wisconsin Nonprofit Economic Impact Report were recently released, and the outlook is one of cautious realism. The third annual statewide survey of nonprofits, conducted by Forward Community Investments (FCI) and sponsored by Wegner CPAs, was undertaken to enhance insight into how the state of the economy in Wisconsin is impacting the operations and finances of Wisconsin nonprofits.
Download the Executive Summary
Download the Full Report with Executive Summary
Read more: NONPROFIT ECONOMIC OUTLOOK REPORT RELEASED: Outlook is restrained and practical
FCI SUPPORTS MADISON CHILDREN'S MUSEUM: Construction debt is refinanced with help of New Market Tax Credits (NMTC)
Madison Children’s Museum (MCM) recently refinanced its construction debt with the help of FCI. The project represented a unique collaboration between three banks, including Park Bank, which provided the permanent financing through the NMTC structure; U.S. Bank, which purchased the tax credits; and Johnson Bank, which provided the credits. FCI facilitated and coordinated the transfer of NMTC to the project and provided assistance to MCM in structuring and utilizing the credits.
WE'VE MOVED: Our new address is 2045 Atwood Ave., Suite 101A, Madison, WI in the Kennedy Place building.
FCI is now proud to call “The Kennedy Place” building at 2045 Atwood Ave., Suite 101A, Madison, WI home. Growing our staff size meant we had to find room for everyone! And, thanks to Annette Gelbach, our tenant rep specialist, she found the right space for us. We couldn’t be happier – our new landlord, Joe Krupp, is fabulous and we couldn’t ask for a better neighborhood!
IN BUSINESS MAGAZINE interviewed FCI President Salli Martyniak.
FCI president, Salli Martyniak, was recently interviewed for an article in In Business Magazine about nonprofits and how they are weathering the economic downturn.
In the article Salli says, "..nonprofits has just been huge in terms of there being a safety net in communities and so forth,” said Martyniak. “But the one thing that we’re seeing, and what we’ve seen in the past, is the fact that nonprofits are accepting that role, and even though their equity or reserves were dwindling in some cases, they were still looking at how they could actually increase services to the populations that they serve."
WELCOME ANDREW TURNER, VP of Lending Services
Andrew Turner, VP of Lending Services, is our newest team member. Andrew joined FCI in October after spending three years practicing as a private attorney. Before returning to the University of Wisconsin to earn a law degree and Master’s in Public Affairs, Andrew spent nearly a decade living and working in South America where he developed and oversaw projects that helped indigenous Bolivian communities navigate legal and political reforms. We are thrilled to welcome Andrew to the FCI team!
Latest News
Quotes
-
"The predevelopment loan from Forward Community Investments made affordable development possible in times when capital is difficult to find."
-
"I think Forward Community Investments is truly a partner because a partner picks up where you leave off. It was fairly straightforward.”
-
"The workshop definitely helped to increase our awareness of capacity building, and the online self-assessment tool that was presented will be a great asset in making our program more effective.”
-
“Financing from Forward Community Investments allows us to make a greater impact on low-income and no-income families in Wisconsin.”
-
“FCI finds ways to finance projects that no others can. I truly believe you are all unique and outstanding.”
-
In addition to providing us with a $60,000 loan for predevelopment expenses, Forward Community Investments facilitated the transfer of more than $5 million in New Market Tax Credits to this project. This access to capital meant that we were able to reach our goal earlier than expected – saving us valuable time and money.”
-
"Without Forward Community Investments and a willingness to provide non-traditional financing, we would not be able to provide these programs.”
-
"With affordable financing and a progressive mission that aligns with ours, Forward Community Investments has been a great fit.”