Form 990 for tax year 2022

Totals

Total revenue

$43,116

Total expenses

$69,683

Contributions and grants received

$17,000

Grants paid

$0

Program service revenue

$26,116

Investment income

$0

Other revenue

$0

Total assets, end of year

$956,505

Total liabilities, end of year

$430,569

Net assets or fund balances, end of year

$525,936

Program services expenses (Part IX)

$67,616

Management and general expenses

$2,067

Fundraising expenses

$0

Program service expenses (Part III)

$67,616

Program services were 97.0% 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

• SEE SCHEDULE O.THE MICROENTERPRISE AND ASSET BUILDING PROGRAM OF THE INTERNATIONAL INSTITUTE COMMUNITY DEVELOPMENT CORPORATION FOCUSES ON 1) CREDIT, ASSET, AND BUSINESS TRAINING AND TECHNICAL ASSISTANCE FOR IMMIGRANTS, 2) MICROLENDING 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, AND INSTITUTIONAL DONORS, WE PROVIDE MICRO-LOANS OF UP TO $35,000 TO QUALIFIED IMMIGRANT ENTREPRENEURS. OUR BUSINESS PRODUCTS ARE SUPPORTED BY WRAP AROUNDBUSINESS DEVELOPMENT ASSISTANCE AND TRAINING. WE COVER TOPICS SUCH AS CREDIT COUNSELING, BUSINESS PLAN DEVELOPMENT, FINANCIAL MODELING, AND MARKET ANALYSIS.THROUGH FUNDS PROVIDED BY A PRIVATE DONOR, WE ALSO PROVIDE SMALL-DOLLAR CREDIT BUILDER/REPAIR LOANS TO HELP NEWLY ARRIVED IMMIGRANTS BUILD AND REPAIR CREDIT.INCORPORATED IN 2006, THE INTERNATIONAL INSTITUTE COMMUNITY DEVELOPMENT CORPORATION (IICDC) IS DEDICATED TO EXPANDING OUR MICRO-LENDING SERVICES TO THE BROADER IMMIGRANT COMMUNITY. THE IICDC AND THE INTERNATIONAL INSTITUTE (II) ARE SEPARATELY ORGANIZED ENTITIES, EACH WITH 501(C)(3) STATUS. IICDC IS ORGANIZED AS A SUPPORTING ORGANIZATION OF THE INSTITUTE. THE IICDC RECEIVED CDFI (COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION) STATUS FROM THE US DEPARTMENT OF THE TREASURY IN 2008 AND IN 2013 SUCCESSFULLY COMPLETED THE CDFI RE-CERTIFICATION PROCESS; ACCORDINGLY, THE IICDC BOARD OF DIRECTORS INCLUDES MEMBERS WHO REPRESENT THE TARGET LENDING MARKETS AND FINANCIAL INSTITUTIONS. IICDC LENDING CAPITAL COMPRISES OF UP TO $222,904 FROM PARTNER BANKS LINES OF CREDIT (PNC, MIDWEST BANKCENTRE, CARROLLTON), UP TO $38,427 MADE AVAILABLE BY CDFI FUNDING, UP TO $19,898 MADE AVAILABLE BY THE NARENDER BAWA TRUST FUND, AND $490,327 IN OUR LOAN CAPITAL. IICDC MADE 24 NEW LOANS TO IMMIGRANT AND REFUGEE ENTREPRENEURS IN THE FISCAL YEAR OF 2022, TOTALING $146,750. DURING THIS YEAR, OUR PORTFOLIO MANAGED 47 ACTIVE LOANS WITH THE OUTSTANDING BALANCE OF $156,904.25. FOR THE YEARLY FREE TAX FILING PROGRAM, WE HOSTED WEEKLY EVENTS AND COMPLETED 702 RETURNS FOR INDIVIDUALS AND HOUSEHOLDS. THE TOTAL REFUNDS GENERATED FROM THE ACTIVITIES WAS $926,800 FOR BOTH STATE AND FEDERAL RETURNS. THESE SERVICES LED TO $174,980 IN COST AVOIDANCE DUE TO THE TAX PREPARATION FEES BEING OFFERED AT NO COST.

  Expenses $67,616 · Revenue $26,116

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

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

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.

• INTERNATIONAL INSTITUTE OF METROPOLITAN ST LOUIS

  501(C)(3) · IMMIGRANT TRANSITION FACILITATION · MO

Provenance

Return type

form_990

Tax year

2022

Filed

3 November 2023

IRS schema version

2022v5.0

Source object

202333119349302568

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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