Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1e · Government grants (contributions)

  $134,500

• 1f · All other contributions, gifts and grants

  $1,453,156

• 2a · Program service revenue: MORTGAGE INTEREST

  total $12,052,339 · related or exempt $12,052,339

• 2b · Program service revenue: RELATED PARTY CONSULTING SERVICES

  total $1,997,706 · related or exempt $1,997,706

• 2c · Program service revenue: LOAN SERVICING

  total $1,008,628 · related or exempt $1,008,628

• 2d · Program service revenue: LOAN FEE INCOME

  total $948,215 · related or exempt $948,215

• 2e · Program service revenue: CIC GOVERNMENT INVESTORS, NET

  total $3,853 · related or exempt $3,853

• 2f · All other program service revenue

  total $3,593 · related or exempt $3,593

Functional expenses

Part IX, the statement of functional expenses.

• 5 · Compensation of officers, directors and key employees

  total $1,781,654 · program services $1,550,039 · management and general $213,798 · fundraising $17,817

• 7 · Other salaries and wages

  total $3,652,326 · program services $3,177,524 · management and general $438,279 · fundraising $36,523

• 8 · Pension plan contributions

  total $240,401 · program services $209,149 · management and general $28,848 · fundraising $2,404

• 9 · Other employee benefits

  total $580,752 · program services $505,254 · management and general $69,691 · fundraising $5,807

• 10 · Payroll taxes

  total $363,899 · program services $316,592 · management and general $43,668 · fundraising $3,639

• 11b · Fees: legal

  total $27,369 · program services $23,811 · management and general $3,284 · fundraising $274

• 11c · Fees: accounting

  total $215,169 · program services $187,197 · management and general $25,820 · fundraising $2,152

• 11g · Fees: other

  total $478,781 · program services $416,539 · management and general $57,454 · fundraising $4,788

• 12 · Advertising and promotion

  total $19,042 · program services $16,567 · management and general $2,285 · fundraising $190

• 13 · Office expenses

  total $89,976 · program services $78,279 · management and general $10,797 · fundraising $900

• 14 · Information technology

  total $248,336 · program services $216,053 · management and general $29,800 · fundraising $2,483

• 16 · Occupancy

  total $545,723 · program services $474,779 · management and general $65,487 · fundraising $5,457

• 17 · Travel

  total $74,200 · program services $64,554 · management and general $8,904 · fundraising $742

• 20 · Interest

  total $8,143,853 · program services $7,085,152 · management and general $977,262 · fundraising $81,439

• 22 · Depreciation, depletion and amortization

  total $147,889 · program services $128,663 · management and general $17,747 · fundraising $1,479

• 23 · Insurance

  total $107,869 · program services $93,846 · management and general $12,944 · fundraising $1,079

• 24a · Other expenses: LOAN LOSS PROVISION

  total $676,848 · program services $588,858 · management and general $81,222 · fundraising $6,768

• 24b · Other expenses: BUSINESS DEVELOPMENT

  total $250,335 · program services $217,790 · management and general $30,042 · fundraising $2,503

• 24c · Other expenses: TRUSTEE FEES AND TITLE

  total $59,601 · program services $51,853 · management and general $7,152 · fundraising $596

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $12,643,610 · end of year $11,504,473

• 2 · Savings and temporary cash investments

  beginning of year $47,582,630 · end of year $54,146,637

• 4 · Accounts receivable

  beginning of year $250,579,456 · end of year $242,852,821

• 7 · Other notes and loans receivable

  beginning of year $858,972 · end of year $1,438,330

• 9 · Prepaid expenses and deferred charges

  beginning of year $338,390 · end of year $1,147,068

• 10a · Land, buildings and equipment: cost or other basis

  $2,246,518

• 10b · Land, buildings and equipment: accumulated depreciation

  $1,747,898

• 10c · Land, buildings and equipment, net

  beginning of year $463,632 · end of year $498,620

• 12 · Investments: other securities

  end of year $696,202

• 13 · Investments: program-related

  beginning of year $1,258,594 · end of year $3,138,386

• 15 · Other assets

  beginning of year $0 · end of year $1,080,790

• 17 · Accounts payable and accrued expenses

  beginning of year $1,294,529 · end of year $1,041,539

• 19 · Deferred revenue

  beginning of year $24,410,017 · end of year $30,415,218

• 23 · Secured mortgages and notes payable

  beginning of year $191,596,121 · end of year $176,290,889

• 24 · Unsecured notes and loans payable

  beginning of year $29,722,221 · end of year $43,833,333

• 25 · Other liabilities

  beginning of year $20,695,221 · end of year $18,993,037

• 27 · Net assets without donor restrictions

  beginning of year $43,007,175 · end of year $42,487,978

• 28 · Net assets with donor restrictions

  beginning of year $3,000,000 · end of year $3,441,333

The filer's explanations (Part III)

PART I, LINE 7

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.

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 $5,202 · assets $4,995,809

  Directly controlled by COMMUNITY INVESTMENT CORPORATION

• CEPF LLC

  EQUITY FINANCING · IL · income $3,593 · assets $1,245,798

  Directly controlled by COMMUNITY INVESTMENT CORPORATION