Public Charity

COMMUNITY INVESTMENT CORPORATION

COMMUNITY INVESTMENT CORPORATION is a Public Charity headquartered in TUCSON, AZ. Financial data from the 2024 filing: $3.1M revenue, $3.7M expenses, $5.8M total assets. 15 publicly reported grants to this organization, totaling roughly $588K, appear in IRS filings.

EIN: 860837146 TUCSON, AZ Urban & Community Economic Development NTEE: S31 Latest filing: 2024
Total Revenue$3.1M
Total Expenses$3.7M
Total Assets$5.8M
Grant Records15
Funding Total$588K
Filing Years2019–2024

Mission

TO CREATE A BETTER LIFE FOR THE RESIDENTS OF OUR COMMUNITY THROUGH VARIOUS PROGRAMS TARGETING ECONOMIC DEVELOPMENT OPPORTUNITIES. TO SECURE STRATEGIC INVESTMENTS IN OUR COMMUNITIES THAT SERVE PUBLIC PURPOSE, ENHANCE EMPLOYMENT OPPORTUNITIES, AND LEVERAGE ITS CAPITAL WITH A REASONABLE RATE OF RETURN.

Where $100 goes at Community Investment Corporation

How Community Investment Corporation divides every $100 it spends, from its own Form 990 filings, averaged across 7 years.

$95 Programs the work itself
$5 Management running the organization
$0 Fundraising none reported

No fundraising costs are reported. That often means fundraising runs through a separate affiliated organization that files its own return.

Inside the $95 for programs

$61
Cic's home ownership support services empower first-time homebuyers across arizona, particularly in pima county, by providing essential financial assistance
65% of program spending
$19
Cic provided loans and financial assistance in pima county and the interconnected regional economy of southern arizona to businesses that were unable to obtain such through and/or that…
19% of program spending
$15
Cic's bond compliance program served 61 different public schools or school networks through 75 separate bond agreements generating nearly 210,000 in revenues
16% of program spending · Reported in the filing: 61 schools
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Source: Form 990 filings with the IRS, latest fiscal year 2024. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.

Officers & Directors

CHIEF BUSINE Betty Vinall
CHIEF OPERAT Caroline Nelson
EXECUTIVE DI Daniel Knee
SECRETARY Jeff Singleton
CHAIR John Payne
TREASURER Ken Silverman

Officer compensation and complete director data available with membership.

Top Grant Purposes

General Support
$577,600 14 grants
Housing & Homelessness
$10,000 1 grant

Financial Trends

Year Revenue Expenses Assets
2024 $3.1M $3.7M $5.8M
2023 $2.1M $3.1M $6.4M
2022 $29.1M $31.0M $7.2M
2020 $4.7M $4.7M $9.9M
2019 $829K $1.3M $8.2M

Between 2019 and 2024, reported annual revenue grew from $829K to $3.1M (+276%), with total assets most recently reported at $5.8M.

Interactive year-over-year charts and full filing details available with membership.

See the full picture for COMMUNITY INVESTMENT CORPORATION

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