As a community development investment fund manager, I need info about bankruptcies, defaults, and restructurings among nonprofits, CDCS, CDFIs, etc....-Mark E. Reed, Founder and Principal, Contact Fund LLC, New York City, N.Y.
I'm not an expert in your industry, so I'm likely to cover ground that you've already examined. Here are the results of a quick bit of research on market data:
There are resources such as the CDFI Data Project (CDP) that claim to have a large dataset on CDFIs. The CDP has datasets for the period FY2002 to FY 2004. The reports include industry trends, impact, and data breakdowns by industry sector:
- The CDP’s FY 2004 Report is based on their FY 2004 survey of 517 CDFIs.
- The CDP’s FY 2003 Report is based on their FY 2003 survey of 477 CDFIs.
- The CDP’s FY 2002 Report is based on their FY 2002 survey of 442 CDFIs.
Perhaps you could piece together information on bankruptcies for CDFIs by looking across reports for three years to find changes in organizational status.
As for nonprofits, Stanford did a survey of 1,000 nonprofits in the San Francisco Bay Area--the Stanford Project on the Evolution of Nonprofits. It may have some data that you would find helpful. In particular, there is data on the ages of nonprofits by size and activity. There may be a way to impute the rate of turnover of nonprofits from the data. Also, you could contact one of the authors to see if more detailed data on bankruptcies is available.
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Jan--
Thanks for your suggestions. I have been in contact with Opportunity Finance and they have been helpful, though not on the bankruptcy/default front. That Stanford study looks great; I will pursue it.
I really appreciate your time. It’s impressive how quickly this got turned around and how much thought you put into it. Kudos to you and the Center/Review!
»» Posted by: Mark E. Reed on March 22, 2007 04:12 PM