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← INTERNATIONAL INSTITUTE COMMUNITY DEVELOPMENT CORPORATION

Form 990 for tax year 2024

Filed by INTERNATIONAL INSTITUTE COMMUNITY DEVELOPMENT CORPORATION.

Totals

Total revenue
$62,767
Total expenses
$120,460
Contributions and grants received
$4,124
Grants paid
$0
Program service revenue
$58,643
Investment income
$0
Other revenue
$0
Total assets, end of year
$1,052,882
Total liabilities, end of year
$629,361
Net assets or fund balances, end of year
$423,521
Program services expenses (Part IX)
$114,595
Management and general expenses
$5,865
Fundraising expenses
$0
Program service expenses (Part III)
$114,595

Program services were 95.1% 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.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $4,124

  • 2a · Program service revenue: INTEREST

    total $22,125 · related or exempt $22,125

  • 2b · Program service revenue: LOAN AND CLOSING FEES

    total $18,668 · related or exempt $18,668

  • 2c · Program service revenue: IDA PROGRAM FEES

    total $15,000 · related or exempt $15,000

  • 2d · Program service revenue: COMMUNITY BAZAAR

    total $2,850 · related or exempt $2,850

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $36,414 · program services $36,414

  • 8 · Pension plan contributions

    total $5,485 · program services $5,485

  • 9 · Other employee benefits

    total $3,524 · program services $3,524

  • 10 · Payroll taxes

    total $2,126 · program services $2,126

  • 11c · Fees: accounting

    total $2,894 · management and general $2,894

  • 11g · Fees: other

    total $2,971 · management and general $2,971

  • 12 · Advertising and promotion

    total $400 · program services $400

  • 13 · Office expenses

    total $1,965 · program services $1,965

  • 16 · Occupancy

    total $13,302 · program services $13,302

  • 17 · Travel

    total $3,023 · program services $3,023

  • 20 · Interest

    total $19,498 · program services $19,498

  • 23 · Insurance

    total $4,506 · program services $4,506

  • 24a · Other expenses: UNITED WAY IDA PROGRAM

    total $15,728 · program services $15,728

  • 24b · Other expenses: EQUIP. RENTAL & MAINT.

    total $8,168 · program services $8,168

  • 24c · Other expenses: SUBCONTRACTOR & OTHER

    total $404 · program services $404

  • 24d · Other expenses: BANK CHARGES

    total $52 · program services $52

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $38,103 · end of year $31,592

  • 2 · Savings and temporary cash investments

    beginning of year $854,165 · end of year $889,727

  • 13 · Investments: program-related

    beginning of year $141,823 · end of year $131,563

  • 17 · Accounts payable and accrued expenses

    beginning of year $196,855 · end of year $273,339

  • 19 · Deferred revenue

    beginning of year $128,400 · end of year $128,400

  • 24 · Unsecured notes and loans payable

    beginning of year $227,622 · end of year $227,622

  • 27 · Net assets without donor restrictions

    beginning of year $445,224 · end of year $387,531

  • 28 · Net assets with donor restrictions

    beginning of year $35,990 · end of year $35,990

Mission and programs · 2024

Mission

THE INTERNATIONAL INSTITUTE COMMUNITY DEVELOPMENT CORPORATION'S MISSION IS TO ADVANCE THE LONG-TERM SELF-SUFFICIENCY OF IMMIGRANTS IN THE ST. LOUIS METRO AREA THROUGH MICROLENDING AND OTHER ASSET-BUILDING STRATEGIES.

  • SEE SCHEDULE O.THE MICROENTERPRISE AND ASSET BUILDING PROGRAM OF THE INTERNATIONAL INSTITUTE COMMUNITY DEVELOPMENT CORPORATION (IICDC) FOCUSES ON 1) CREDIT, ASSET, AND BUSINESS TRAINING AND TECHNICAL ASSISTANCE FOR IMMIGRANTS, 2) MICRO LENDING TO IMMIGRANT ENTREPRENEURS, 3) CREDIT BUILDER LOANS, 4) ASSET-BUILDING FOR IMMIGRANTS AND, 5) INCOME TAX PREPARATION ASSISTANCE. USING FUNDS FROM THE OFFICE OF REFUGEE RESETTLEMENT (ORR), LOCAL BANK LINES OF CREDIT, CDFI FINANCIAL ASSISTANCE (WHEN APPLICABLE) AND INSTITUTIONAL DONORS, WE PROVIDE MICRO-LOANS OF UP TO $65,000 TO QUALIFIED IMMIGRANT ENTREPRENEURS. OUR BUSINESS PRODUCTS ARE SUPPORTED BY WRAP AROUND BUSINESS DEVELOPMENT ASSISTANCE AND TRAINING. WE COVER TOPICS SUCH AS CREDIT COUNSELING, BUSINESS PLAN DEVELOPMENT, FINANCIAL MODELING AND MARKET ANALYSIS. INCORPORATED IN 2006, IICDC IS DEDICATED TO EXPANDING OUR MICRO-LENDING SERVICES TO THE BROADER IMMIGRANT COMMUNITY. THE IICDC AND THE INTERNATIONAL INSTITUTE OF METROPOLITAN ST. LOUIS (IISTL) (II) ARE SEPARATELY ORGANIZED ENTITIES, EACH WITH 501(C)(3) STATUS. IICDC IS ORGANIZED AS A SUPPORTING ORGANIZATION OF THE IISTL. THE IICDC RECEIVED CDFI (COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION) STATUS FROM THE U.S. DEPARTMENT OF THE TREASURY IN 2008. THE IICDC ADVISORY BOARD INCLUDES MEMBERS WHO REPRESENT THE TARGET LENDING MARKETS AND SUPPORTING ORGANIZATIONS. IICDC LENDING CAPITAL COMPRISES OF ACCESS UP TO $500,000 OF CREDIT BETWEEN PARTNERING BANKS INCLUDING PNC BANK, MIDWEST BANKCENTRE AND CARROLLTON BANK. THERE IS $227,622 CURRENTLY BORROWED BY THE IICDC BETWEEN THE THREE BANKS. IN 2024, IICDC MADE 29 NEW LOANS TO IMMIGRANT AND REFUGEE ENTREPRENEURS IN THE FISCAL YEAR OF 2024, TOTALING $90,100. DURING THIS YEAR, OUR PORTFOLIO MANAGED 51 ACTIVE LOANS (THROUGHOUT THE COURSE OF THE YEAR) WITH THE OUTSTANDING BALANCE OF $152,102 (AS OF DECEMBER 31, 2024). FOR THE YEARLY FREE TAX PREPARATION SERVICES IN COLLABORATION WITH AARP AND VITA (VOLUNTEER INCOME TAX ASSISTANCE PROGRAM, WE HOSTED SESSIONS TWICE PER WEEK DURING THE SERVICE PERIOD. THIS AMOUNTED TO A TOTAL OF 772 RETURNS THAT WERE FILED FOR THE 2024 TAX YEAR.

    Expenses $114,595 · Revenue $58,643

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • KARLOS RAMIREZ

    IICDC/IISTL PRESIDENT (AS OF 2/24)

    Total calculated
    $200,859
    From this org
    $0
    From related orgs
    $174,660
    Other
    $26,199
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $174,660 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $10,480 related
    Nontaxable benefits
    $0 + $15,719 related
    Filer's total
    $0 + $200,859 related

  • ARREY OBENSON

    IICDC/IISTL PRESIDENT (THRU 12/24)

    Total calculated
    $236,132
    From this org
    $0
    From related orgs
    $214,627
    Other
    $21,505
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $214,627 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $12,878 related
    Nontaxable benefits
    $0 + $8,627 related
    Filer's total
    $0 + $236,132 related

  • ELISSA SCHAUMAN

    CHAIR & SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • JOHN WADE

    SECRETARY (THRU 1/24)

    Total calculated
    $0
    Hours/week
    1

  • DIEGO ABENTE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ALAA ALDERIE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • OLA AYENI

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MARIA DE GREGORIO

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • LAURA HUGHES

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • NADYA KANIM

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JAVAD KHAZAELI

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • MICHAEL KODJO ANANI

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • BEN MOLINA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MITRA NASEH

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ABERTO DEL PILAR

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DAN RYAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • GUL TOTAKHIL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

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 · Form 990 of other organizations
  • 3 · Approval by the board or compensation committee

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
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

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.

Provenance

Return type
form_990
Tax year
2024
Filed
17 November 2025
IRS schema version
2024v5.2
Source object
202533219349318183

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