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Nonprofiteer
← COMMUNITY INVESTMENT CORP

Form 990 for tax year 2024

Filed by COMMUNITY INVESTMENT CORP.

Totals

Total revenue
$24,834,893
Total expenses
$22,703,696
Contributions and grants received
$2,253,109
Grants paid
$0
Program service revenue
$22,581,784
Investment income
$0
Other revenue
$0
Total assets, end of year
$374,723,321
Total liabilities, end of year
$308,667,245
Net assets or fund balances, end of year
$66,056,076
Program services expenses (Part IX)
$19,298,140
Management and general expenses
$3,178,516
Fundraising expenses
$227,040
Program service expenses (Part III)
$19,298,140

Program services were 85.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • STACIE YOUNG

    PRESIDENT

    Total calculated
    $374,205
    From this org
    $346,087
    From related orgs
    $0
    Other
    $28,118
    Hours/week
    35 + 5 related

    Schedule J breakdown matched by us

    Base
    $251,087
    Bonus
    $95,000
    Other
    $0
    Deferred
    $26,018
    Nontaxable benefits
    $2,100
    Filer's total
    $374,205

  • ANDREW SALK

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ANGIE MARKS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • COLLETE ENGLISH DIXON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DANIEL WATTS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DARYL NEWELL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DAVID DYKSTRA

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • ERIKA POETHIG

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • FRANK PETTAWAY

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • JEFF NEWCOM

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JOHN GHOLAR

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • JOHN HEIN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • KAREN CASE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • KIM LIAUTAUD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ROBERT MARJAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • TERRENCE JOHNSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • TIMOTHY HADRO

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • TONY HERNANDEZ

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JONAH HESS

    CII VICE PRESIDENT

    Total calculated
    $235,637
    From this org
    $206,699
    From related orgs
    $0
    Other
    $28,938
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $163,579
    Bonus
    $43,044
    Other
    $76
    Deferred
    $15,877
    Nontaxable benefits
    $13,061
    Filer's total
    $235,637

  • MARTIN BABBO

    SVP/CHIEF CREDIT OFFICER

    Total calculated
    $295,285
    From this org
    $270,559
    From related orgs
    $0
    Other
    $24,726
    Hours/week
    39 + 1 related

    Schedule J breakdown matched by us

    Base
    $229,448
    Bonus
    $41,000
    Other
    $111
    Deferred
    $8,216
    Nontaxable benefits
    $16,510
    Filer's total
    $295,285

  • MICHAEL CIACCIA

    TREASURER/CFO

    Total calculated
    $308,245
    From this org
    $258,155
    From related orgs
    $0
    Other
    $50,090
    Hours/week
    35 + 5 related

    Schedule J breakdown matched by us

    Base
    $207,869
    Bonus
    $48,520
    Other
    $1,766
    Deferred
    $16,164
    Nontaxable benefits
    $33,926
    Filer's total
    $308,245

  • MONICA KIRBY

    ASSISTANT SECRETARY

    Total calculated
    $105,670
    From this org
    $87,202
    From related orgs
    $0
    Other
    $18,468
    Hours/week
    39 + 1 related

  • NICK BRUNICK

    SECRETARY & GENERAL COUNSEL

    Total calculated
    $0
    Hours/week
    1

  • PHILLIP MOORE

    SVP/DIRECTOR OF LENDING

    Total calculated
    $258,502
    From this org
    $209,725
    From related orgs
    $0
    Other
    $48,777
    Hours/week
    39 + 1 related

    Schedule J breakdown matched by us

    Base
    $166,863
    Bonus
    $41,625
    Other
    $1,237
    Deferred
    $16,727
    Nontaxable benefits
    $32,050
    Filer's total
    $258,502

  • ANDRE COLLINS

    AQUISITION MANAGER

    Total calculated
    $295,040
    From this org
    $269,507
    From related orgs
    $0
    Other
    $25,533
    Hours/week
    15 + 25 related

    Schedule J breakdown matched by us

    Base
    $49,496
    Bonus
    $220,011
    Other
    $0
    Deferred
    $12,472
    Nontaxable benefits
    $13,061
    Filer's total
    $295,040

  • ANNE COLE

    DIRECTOR OF COMMUNICATIONS

    Total calculated
    $201,339
    From this org
    $168,219
    From related orgs
    $0
    Other
    $33,120
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $141,500
    Bonus
    $26,630
    Other
    $89
    Deferred
    $12,443
    Nontaxable benefits
    $20,677
    Filer's total
    $201,339

  • DARRIS SHAW

    CONSTRUCTION MANAGER

    Total calculated
    $211,716
    From this org
    $164,102
    From related orgs
    $0
    Other
    $47,614
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $144,033
    Bonus
    $20,000
    Other
    $69
    Deferred
    $13,688
    Nontaxable benefits
    $33,926
    Filer's total
    $211,716

  • JOHN CRANE

    SVP

    Total calculated
    $284,257
    From this org
    $242,250
    From related orgs
    $0
    Other
    $42,007
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $161,000
    Bonus
    $56,250
    Other
    $25,000
    Deferred
    $17,769
    Nontaxable benefits
    $24,238
    Filer's total
    $284,257

  • ROSAMOND MEERDINK

    LOAN OFFICER

    Total calculated
    $187,484
    From this org
    $151,389
    From related orgs
    $0
    Other
    $36,095
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $120,188
    Bonus
    $31,068
    Other
    $133
    Deferred
    $11,922
    Nontaxable benefits
    $24,173
    Filer's total
    $187,484

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 6a · Pay contingent on this organization's net earnings
  • 7 · Other non-fixed payments

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6b · Pay contingent on a related organization's net earnings
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

SCHEDULE J, PART I, LINE 6A COMPENSATION CONTINGENT ON NET EARNINGS OF THE ORGANIZATION
ANDRE COLLINS, ACQUISITION MANAGER, IS PAID A COMMISSION BY CIC, COMPUTED AS A PERCENTAGE OF NET REVENUE GENERATED FROM THE ACQUISITION AND LINE OF CREDIT PROGRAM. CIC ALSO PAYS ANDRE COLLINS A SALARY RELATED TO THE ACTIVITIES OF CEPF, LLC.
SCHEDULE J, PART I, LINE 7 NON-FIXED PAYMENTS
AS INDICATED IN SCHEDULE J, PART II, EMPLOYEES OF THE ORGANIZATION, INCLUDING OFFICERS AND HIGHEST COMPENSATED INDIVIDUALS, RECEIVED A BONUS BASED ON PERFORMANCE AND THE FINANCIAL RESULTS OF THE ORGANIZATION. THIS BONUS WAS APPROVED BY THE EXECUTIVE COMMITTEE OF THE BOARD.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

  • COMMUNITY INITIATIVES

    501(C)(3) · PRESERVE LOW INCOME MULTI-FAMILY HOUSING · IL · controlled entity

    Directly controlled by COMMUNITY INVESTMENT CORPORATION

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • CIC GOVERNMENT INVESTOR LLC

    LOW-COST MEZZANINE LOANS · IL · income $0 · assets $5,154,559

    Directly controlled by COMMUNITY INVESTMENT CORPORATION

  • CEPF LLC

    EQUITY FINANCING · IL · income $226,862 · assets $3,825,947

    Directly controlled by COMMUNITY INVESTMENT CORPORATION

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • 7456 S EBERHART LLC

    RELATED · COMMUNITY DEVELOPMENT REAL ESTATE ACTIVITIES · IL · share of income -$764 · share of assets $1,221,916

    Directly controlled by CEPF LLC

  • 6807 MICHIGAN HOLDING LLC

    RELATED · COMMUNITY DEVELOPMENT REAL ESTATE ACTIVITIES · IL · share of income -$39,229 · share of assets $2,369,975

    Directly controlled by CEPF LLC

  • 7800 RIDGELAND JV

    RELATED · COMMUNITY DEVELOPMENT REAL ESTATE ACTIVITIES · IL · share of income -$9,219 · share of assets $1,023,078

    Directly controlled by CEPF LLC

  • INSPIRE WOODLAWN LLC

    RELATED · COMMUNITY DEVELOPMENT REAL ESTATE ACTIVITIES · IL · share of income $0 · share of assets $0

    Directly controlled by CEPF LLC

  • 1804 CONSTRUCTION LLC

    RELATED · COMMUNITY DEVELOPMENT REAL ESTATE ACTIVITIES · IL · share of income $0 · share of assets $0

    Directly controlled by CEPF LLC

  • DVH PROPERTIES & DEVELOPMENT 101 LLC

    RELATED · COMMUNITY DEVELOPMENT REAL ESTATE ACTIVITIES · IL · share of income $0 · share of assets $0

    Directly controlled by CEPF LLC

  • UNITED STRATEGIES HOLDINGS LLC

    RELATED · COMMUNITY DEVELOPMENT REAL ESTATE ACTIVITIES · IL · share of income $0 · share of assets $0

    Directly controlled by CEPF LLC

  • 6959 MERRILL LJ PROMISE LLC

    RELATED · COMMUNITY DEVELOPMENT REAL ESTATE ACTIVITIES · IL · share of income $0 · share of assets $0

    Directly controlled by CEPF LLC

Provenance

Return type
form_990
Tax year
2024
IRS schema version
2024v5.1
Source object
202622239349300737

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