Form 990 for tax year 2022

Totals

Total revenue

$1,965,950

Total expenses

$1,218,219

Contributions and grants received

$1,657,431

Grants paid

$76,659

Program service revenue

$93,951

Investment income

$214,568

Other revenue

$0

Total assets, end of year

$7,425,756

Total liabilities, end of year

$119,124

Net assets or fund balances, end of year

$7,306,632

Program services expenses (Part IX)

$995,873

Management and general expenses

$216,214

Fundraising expenses

$6,132

Program service expenses (Part III)

$995,873

Program services were 81.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Mission and programs · 2022

• Withheld by Nonprofiteer: this text may name a private individual.

  Expenses $302,511

• TECHNICAL ASSISTANCE AND LENDING: CIF PROVIDES A FULL RANGE OF FINANCING, TRAINING, AND TECHNICAL SERVICES OPTIONS FOR EARLY EDUCATION AND OUT-OF-SCHOOL TIME PROVIDERS SEEKING TO CONSTRUCT OR IMPROVE THEIR FACILITIES. CIF'S SIGNATURE TRAINING, THE BUILDING STRONGER CENTERS INSTITUTE, IS A FOUR-DAY, INTENSIVE TRAINING DESIGNED FOR CHILDCARE CENTERS THAT ARE PLANNING A MAJOR RENOVATION OR CONSTRUCTION PROJECT. CONTENT INCLUDES INFORMATION ON THE DEVELOPMENT PROCESS, FINANCING STRATEGIES, HIGH-QUALITY DESIGN, AND EXAMPLES OF SUCCESSFUL PROJECTS. IN ADDITION TO PROVIDING TECHNICAL EXPERTISE AND TRAINING, CIF OFFERS PREDEVELOPMENT, SITE ACQUISITION, CONSTRUCTION LOANS, AND TERM LOANS TO HELP FINANCE THE COST OF DEVELOPING LARGER CAPITAL PROJECTS, LEASEHOLD IMPROVEMENTS, AND EQUIPMENT ON FLEXIBLE LOAN TERMS THAT MEET THE NEEDS OF CHILDCARE PROVIDERS OF ALL SIZES. IN 2018, CIF EXTENDED THIS SUPPORT TO AFFORDABLE HOUSING DEVELOPERS THAT ARE CREATING FAMILY UNITS IN MASSACHUSETTS.

  Expenses $544,763 · Revenue $93,951

• FACILITY IMPROVEMENT GRANTS: CIF RAISES CAPITAL THAT CAN BE USED FOR GRANTS TO PROVIDERS TO FUND THE COST OF FACILITY IMPROVEMENTS. DURING FISCAL YEARS 2023 AND 2022, CIF RECEIVED SEPARATE $1 MILLION AWARDS FROM THE LIBERTY MUTUAL FOUNDATION TO FUND ACCESSIBILITY IMPROVEMENTS IN BOSTON-BASED EARLY EDUCATION AND OUT-OF-SCHOOL TIME CENTERS. THE MAJORITY OF THESE AWARDS ARE UTILIZED IN THE FORM OF DIRECT GRANTS TO CHILDCARE PROVIDERS.

  Expenses $148,599 · Grants $76,659

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here. A text marked withheld matched a screen for wording that may name a private individual, such as an honorific or "in memory of". Most of what it withholds names no one; it is withheld so that what does is never shown.

Listed in Part VII

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.

Grants on this return

• DIMOCK COMMUNITY HEALTH CENTER INC

  $47,159

  FACILITIES GRANT

• NURTURY INC

  $21,780

  FACILITIES GRANT

• GREENWOOD SHALOM OUTREACH COMMUNITY INC

  $7,720

  FACILITIES GRANT

Provenance

Return type

form_990

Tax year

2022

Filed

3 October 2023

IRS schema version

2022v5.0

Source object

202332869349301208

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