New Covenant Communtiy Development Center

Name

New Covenant Communtiy Development Center

Legal name

New Covenant Community Development Corp

Website

https://new-covenantcdc.org

Company type

Private

Founded year

2012

Operating status

Operating

Headcount range

1–10 employees

Short description

New Covenant Community Development Corporation is a Chicago-based nonprofit founded in 2012 that provides business financial education, coaching, and technical assistance to small business owners and aspiring entrepreneurs in the North Lawndale community and across Chicagoland.

Ownership category

akta.pro rank

Headquarters

HQ city

Chicago

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Marketing or Sales, Technology or R&D, Others

Revenue model

1. Business Financial Dashboard Course Fees: The 8-week Business Financial Dashboard Course is offered at $50 per participant, significantly subsidized from an approximate retail value of $2,800 through grant funding from partner organizations committed to supporting Chicago small businesses.
2. One-on-One Business Coaching: Personalized business coaching sessions are provided at no cost to clients, funded through grants and donations rather than client fees.
3. Donations and Grants: NCCDC operates as a nonprofit and relies on donations and grant funding from partners and community supporters to sustain operations, fund programs, and build the Business Innovation Center.

Pricing tiers

Go-to-market motion2 records

Distribution channels5 records

Marketing channels7 records

Core offering

NCCDC provides business financial education and one-on-one coaching to empower entrepreneurs and small business owners in underserved Chicago communities. Core offerings include the 8-week Business Financial Dashboard Course (covering balance sheets, P&L statements, cash flow, and business terminology), personalized business coaching sessions, and strategic workshops on business credit, loan underwriting, marketing, sales, and pricing. A planned 5,000 sq. ft. Business Innovation Center will serve as a physical hub for these programs.

Product overview

NCCDC offers a suite of entrepreneurial support services focused on business financial education and coaching. The core offerings consist of the Business Financial Dashboard Course (an 8-week online professional development program teaching business finance fundamentals), One-on-One Business Coaching (personalized guidance for entrepreneurs), and Business Development Workshops covering strategic topics like business credit, marketing, and loan underwriting. NCCDC is developing a 5,000 sq ft Business Innovation Center as a physical hub for these programs.

Differentiator

Problem solved

Functional benefit

Products and services

• Business Financial Dashboard Course
• One-on-One Business Coaching
• Business Development Workshops
• NCCDC Business Innovation Center

Quantifiable outcome

• Several hundred entrepreneurs launched or grew businesses since 2012
• +3 more outcomes

Named customers7 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Eleven partnerships are on record, tiered moderate, core and minor.

• Kids Above AllmoderateStrategic or Co-development PartnerRodney Brown, NCCDC Executive Director/CEO, serves as Board Chair of Kids Above All, providing governance and developing an evidence-based program model to help young adults access higher education. This relationship reflects NCCDC's community development approach through board-level involvement.
• North Lawndale Community Coordinating Council (NLCCC)coreStrategic or Co-development PartnerRodney Brown is Co-Founder and serves on the Executive Committee, Chairing the Economic Development Committee. NCCDC is a key organizational participant in coordinating community development across North Lawndale, aligning economic development initiatives with local stakeholders.
• North Lawndale Chamber of CommercecoreStrategic or Co-development PartnerRodney Brown serves as Executive Director of the North Lawndale Chamber of Commerce, creating a direct institutional linkage between NCCDC and the local business community. This partnership drives economic corridor development and small business support.
• Illinois Small Business AdministrationcoreGTM or Marketing PartnerMark Ferguson, NCCDC Board Member, serves as Deputy Director of the Illinois Small Business Administration. Dennis Deer, Board Member, is Cook County Commissioner (2nd District). These connections provide NCCDC with direct ties to government small business resources and policy advocacy.
• ComEdmoderateGTM or Marketing PartnerJamil Muhammad, NCCDC Board Member, serves as Manager External Affairs, Chicago Region at ComEd (an Exelon company). This connection supports community engagement and potential economic development partnerships along the Roosevelt corridor.
• Black Men UnitedcoreStrategic or Co-development PartnerBlack Men United serves as the other innovation anchor in the Roosevelt/Kildare innovation corridor alongside NCCDC. Both organizations are part of a broader redevelopment effort along W. Roosevelt Road, anchored by industrial development, innovation centers, and public spaces designed by Lamar Johnson Collaborative.
• Lamar Johnson Collaborative (Architect)moderateStrategic or Co-development PartnerLamar Johnson Collaborative designed the Roosevelt corridor redevelopment plan that includes the NCCDC Business Innovation Center. Their design maximizes opportunity and economic mobility for local residents, integrating the innovation center into a broader ecosystem of industrial development, innovation anchors, and public spaces.
• Shop Small ChicagominorGTM or Marketing PartnerNCCDC partners with Shop Small Chicago (shopsmallchi.com), a local small business directory, to help promote and feature North Lawndale entrepreneurs and small businesses, increasing their visibility and customer reach.
• Illinois Board of Higher EducationmoderateOthersNCCDC is approved by the Division of Private Business and Vocational Schools of the Illinois Board of Higher Education. Students may submit complaints to the Board if not satisfied with NCCDC's internal resolution process. IBHE contact: 1 N. Old State Capitol Plaza, Suite 333, Springfield IL 62701.
• Chicago SBDC (Small Business Development Center)moderateStrategic or Co-development PartnerOthello Calbert, Business Development Manager at NCCDC, previously served as a small business advisor at the Chicago SBDC, servicing diverse entrepreneurs and business owners. This prior professional connection informs NCCDC's approach to business advising.
• Chicago ScoreminorStrategic or Co-development PartnerOthello Calbert previously served as a mentor for Chicago Score, a SCORE affiliate providing mentoring services to small business owners. This mentorship experience contributes to NCCDC's coaching methodology.

Scale indicators6 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• SCORE: National nonprofit network of volunteer business mentors and free small-business education. Directly comparable to NCCDC's 1:1 coaching and the Business Financial Dashboard Course, serving the same aspiring and existing entrepreneur segment for free. NCCDC's own BDM Othello Calbert was previously a Chicago SCORE mentor.
• Chicago Community Loan Fund: Chicago-based CDFI providing loans, technical assistance, and capacity-building to nonprofits and small businesses in underserved communities. Directly comparable in mission, target geography (Chicago/North Lawndale adjacent), and combined capital-plus-coaching model.
• America's SBDC: Federally funded nationwide network of Small Business Development Centers delivering free advising, training, and capital access to entrepreneurs. Directly comparable service offering, target market, and free/subsidized delivery model. Othello Calbert previously served as a Chicago SBDC advisor.
• Women's Business Development Center: Chicago-based nonprofit providing business training, coaching, and capital access to entrepreneurs in underserved communities. Closely comparable mission, geography (Chicagoland), and nonprofit delivery model for entrepreneurial education and small-business development.
• LISC Chicago: Local Initiatives Support Corporation Chicago chapter — community development financial institution providing capital and capacity-building to nonprofits and small businesses in underserved Chicago neighborhoods. Directly comparable in community development mission, and an existing NCCDC partner (Dorine Poole recognized as LISC Chicago Women History Month Honoree in 2024).

Broad incumbents

• Accion Opportunity Fund: National nonprofit small-business lender providing microloans, coaching, and education to underserved entrepreneurs. Comparable in target market, combined capital-plus-coaching model, and community development mission, but at significantly larger national scale than NCCDC.
• Goldman Sachs 10,000 Small Businesses: National small-business education and capital access program for underserved entrepreneurs, delivered through partner community colleges. Comparable in providing structured business financial education to growth-oriented underserved entrepreneurs, but funded and branded by a major financial institution at national scale.
• Grameen America: National nonprofit microfinance organization providing small-dollar loans and business support to entrepreneurs in underserved U.S. communities. Comparable in target market and mission, but operates at much larger national scale with capital deployment as the core lever rather than education/coaching.

Regional players

• Illinois Hispanic Chamber of Commerce: Regional Illinois chamber providing business development resources, networking, and advocacy for Hispanic-owned small businesses. Comparable in serving underserved Illinois entrepreneurs with business support services, but focused on a different demographic community and statewide rather than hyper-local to North Lawndale.
• Illinois State Black Chamber of Commerce: Statewide chamber providing advocacy, networking, and business development resources for Black-owned businesses in Illinois. Comparable in serving underrepresented Illinois small-business owners with development resources, and thematically aligned given North Lawndale's demographics, but operates statewide rather than neighborhood-anchored.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/newcovenantcdc

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about New Covenant Communtiy Development Center