NCIF Staff

Saurabh Narain
President and CEO

Terry Burm
Vice President, Lending

Christopher Malehorn
Vice President, Investing

Joe Schmidt
Vice President, Lending

Steve Mondozzi

Patrick Clarke

Leeda Wang
Senior Analyst

Maria Rasche
Executive Assistant to the President and CEO

Benjamin Gao
Senior Analyst

Daniel Nickson

Claire Costelloe

Vineet Baid
Senior Analyst

Susan Coleman
Consultant, Communications


Saurabh Narain is the President and Chief Executive of National Community Investment Fund. He joined NCIF in 2003, and, under his leadership, the fund has become the largest equity investor (in numbers) in CDFI Banks in the country, grown assets under management to $228 million (including $203 million in NMTC allocations) and pioneered the development of NCIF’s Social Performance Metrics.

He is involved in policy and advocacy for the industry through his board positions in the CDFI Coalition and memberships with the Federal Reserve Board’s Consumer Advisory Council (2008-10) and the Minority Depository Institutions Advisory Council of the Officer of Thrift Supervision (2009-11). NCIF is also a member of the Investors Council of the Global Impact Investing Network and the Strategy and Adoption Committee of the Impact Rating and Investing System led by the Rockefeller Foundation.

Prior to NCIF, he has had extensive experience in capital markets and risk management having worked at Bank of America for almost 17 years based in Asia and the US. Towards the end of his tenure in Hong Kong, he was Head of Marketing, Non-Japan Asia for Global Derivative Products. He has done business in almost 10 countries in Asia/US dealing with financial institutions, global multinational corporations and governments.

He is interested in inclusive finance and the microfinance movement in India. He is a member of the Steering Committee of the Professional Risk Managers’ International Association, Chicago Chapter and is a regular speaker in industry conferences.

Saurabh is a graduate of the ABA Graduate Stonier School of Banking (2007), and holds an MBA from Indian Institute of Management in Ahmedabad (1985), and a Bachelors of Arts (Honors) in Economics from St. Stephens College, University of Delhi (1983), India.


Terry Burm is a Vice President of Lending at NCIF. Terry joined the NCIF Team in 2015. Prior to NCIF, Terry worked as an independent consultant in a variety of capacities focused on CDFIs, New Market Tax Credits, and Low Income Housing Tax Credit initiatives. Prior to consulting, Terry was a Community Development Banker at Merrill Lynch CDC, Chase Community Development Bank, and U.S. Bank. Terry  holds a bachelor’s degree in Economics from Santa Clara University, is a graduate of the Venture Capital Institute.


Christopher Malehorn is the Vice President of Investing at NCIF.  Mr. Malehorn joined the NCIF team in 2015.  Prior to NCIF, he has had extensive experience in capital raising and providing merger advisory services for financial services companies through various market cycles.  He had prior experience with full service investment banks including Stifel Nicolaus/Ryan Beck and Esposito Securities.  Christopher has over 17 years of experience working with depository institutions and community banks, including seven years in the financial institutions group of Washington D.C. law firms.  During his time in the financial institutions industry, Christopher has completed over 75 transactions totaling approximately $7.5 billion in transaction value. These transactions include mergers and acquisitions, mutual to stock conversions, initial public offerings, secondary offerings, private placements and de novo bank formations and financings.  Christopher holds a MBA with honors from Marymount University and a Bachelors of Arts in Political Science from McDaniel College.


Joe Schmidt is a Vice President of Lending at NCIF. Mr. Schmidt rejoined NCIF in 2018.  From 2006-2014 he was the Vice President of investments at NCIF and led or assisted in the deployment of $147MM of allocation in 14 high-impact projects throughout the country. Before re-joining NCIF, he was the Senior Director of Structured Finance for IFF, a midwestern CDFI organization financing nonprofit organizations.  While at IFF, Mr. Schmidt led the NMTC efforts of the organization and lead or assisted in the deployment of $143MM of allocation in over 20 projects.  This includes financing 10 nonprofits using a small loan fund of QLICIs of $2MM and below. 


Steve Mondozzi is a Controller at NCIF. Steve is a seasoned Controller with more than 12 years of experience in the community development finance field. He is also president of Mondozzi LLC, an accounting services firm that provides third party CFO services to nonprofit loan funds. Previously, he spent ten years as Assistant Controller for ShoreBank Corp. Steve supports NCIF’s operations, finance and control functions. 


Patrick Clarke is a Controller at NCIF. Patrick joined NCIF in 2016. Prior to NCIF, Patrick spent over 4 years at Northern Trust Hedge Fund Services where he provided accounting, reporting, and regulatory support services to numerous hedge funds worldwide. With his extensive experience in fund accounting and financial reporting, Patrick helped manage the creation of several hedge fund regulatory offerings, working with various internal teams, fund clients, regulators, and consultants. Further, Patrick also spent over 3 years as an External Auditor at PricewaterhouseCoopers within the financial services and manufacturing industries. Patrick graduated from the University of Iowa with a BBA double major in accounting and finance. 


Leeda Wang is a Senior Analyst at NCIF. Prior to NCIF, Leeda worked in economic consulting, with a focus on financial markets litigation. In addition, she was a Fellow with a microfinance platform, and worked directly with microfinance institution partners in Ghana to increase financial inclusion to borrowers lacking access to traditional banking services.                              


Maria Rasche is the Executive Assistant to the President and CEO at NCIF. Prior to NCIF, Maria spent over 9 years working in state and non-profit organizations in clinical social work, homeless outreach, food policy, and research/data analysis. Most recently, Maria was a program evaluator and data analyst at Thresholds, a community-based behavioral health center. Maria holds an MSW (Community Development) and BA in Political Science (with a focus on human rights and social movements) from Indiana University.


Benjamin Gao is a Senior Analyst at NCIF. Prior to joining NCIF, Mr. Gao worked at Bank of America Merrill Lych within its Global Corporate and Investment Banking division covering Financial Institutions Group and as a corporate development analyst at a mid-stream oil and gas company responsible for internal mergers & acquisitions analysis. Mr. Gao graduated from The University of Texas at Austin Red McCombs School of Business with a Bachelors in Business Administrations in Finance.

Daniel Nickson is an Analyst at NCIF. Prior to joining NCIF, he was a Portfolio Manager at Farr, Miller & Washington, an Investment Counsel with $1.5 billion in assets under management. In that role, he co-managed the fixed income portfolio for the firm, executing trades in municipal bonds tailored to each client's respective needs and tax considerations. He has also worked in a consulting capacity as a member of Enclude's (formerly  ShoreBank International) Inclusive Finance team. Mr. Nickson graduated with honors from Goucher College with an Economics degree and speaks four languages. 
Claire Costelloe is an Analyst at NCIF. Prior to NCIF, Ms. Costelloe worked as an intern for the Delta Institute and the University of Chicago Urban Labs. Ms. Costelloe graduated from the University of Chicago with a Bachelors of Arts in Economics and in Environmental Studies. 
Vineet Baid is a Senior Analyst at NCIF. Prior to joining NCIF, Mr. Baid worked at Bizringer inc, developing new product lines for the business including SEO and Mobile App Development. Before that, Mr. Baid worked at Wells Fargo within its Community Lending and Investment division covering New Markets Tax Credit projects. Mr. Baid graduated from The University of California, Berkeley with a Bachelors in Operations Research & Management Science.


Susan Coleman has been a consultant for marketing and communications for NCIF for more than seven years. She brings a diverse set of skills in both print and digital design to help NCIF create a strong brand presence. She has a Bachelor of Fine Arts degree (University of Illinois, Urbana-Champaign) and many years of experience with for-profit and non-profit businesses in the financial and education markets.


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