INITIATIVE FOR A COMPETITIVE INNER CITY INC Charity Report

Public IRS 990 nonprofit record

INITIATIVE FOR A COMPETITIVE INNER CITY INC

EIN 13-3772904 · Homeowners & Tenants Associations (L50)

What they do

ICIC DRIVES INCLUSIVE ECONOMIC PROSPERITY IN UNDER-RESOURCED COMMUNITIES THROUGH INNOVATIVE RESEARCH and PROGRAMS to CREATE JOBS, INCOME, and WEALTH for LOCAL RESIDENTS.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $79.90 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders30 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

63.97%of revenue went to mission work79.9% of expenses · Program services

5.35%of revenue went to fundraising6.7% of expenses

$81.06spent for every $100 of revenueRevenue covered expenses this year.

10.73%of revenue went to management and office costs13.4% of expenses

$1.80in assets for every $1 spent this yearSome assets cannot be spent right away.

91.6%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $373,300 for STEVE GROSSMAN (CHIEF EXECUTIVE OFFICER). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$9,857,953

Mission workProgram services$6,305,98863.97% of revenue79.9% of expenses

ManagementOffice and general costs$1,058,02710.73% of revenue13.4% of expenses

FundraisingAsking for donations$527,6295.35% of revenue6.7% of expenses

Revenue left after expensesReported annual surplus$1,966,30919.95% of revenueShown in gray on the chart

Total expenses$7,891,64480.05% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 79.9% mission · 13.4% management · 6.7% fundraisingTotal expenses: 80.05% of revenue

2023Expense mix: 83.1% mission · 10.2% management · 6.7% fundraisingTotal expenses: 106.59% of revenue

2022Expense mix: 83.9% mission · 9.6% management · 6.5% fundraisingTotal expenses: 85.90% of revenue

2021Expense mix: 83.7% mission · 10.5% management · 5.8% fundraisingTotal expenses: 94.57% of revenue

2020Expense mix: 77.1% mission · 16.9% management · 6.0% fundraisingTotal expenses: 65.68% of revenue

2019Expense mix: 81.7% mission · 12.0% management · 6.3% fundraisingTotal expenses: 96.20% of revenue

2018Expense mix: 83.1% mission · 11.1% management · 5.7% fundraisingTotal expenses: 105.08% of revenue

2017Expense mix: 82.3% mission · 11.4% management · 6.3% fundraisingTotal expenses: 88.16% of revenue

Money in and money out

Revenue$9,735,685

Expenses$7,891,644

Annual surplus $1,844,041 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$6,305,988 · 79.9% of expenses

Management and office costs$1,058,027 · 13.4% of expenses

Fundraising$527,629 · 6.7% of expenses

See all reported dollar amounts

Revenue$9,735,685

Expenses$7,891,644

Assets$14,242,666

Income$11,230,067

Contributions$8,914,120

Mission work (program services)$6,305,988

Fundraising$527,629

Management and general$1,058,027

Executive compensation (total)$703,060

Stocks and bonds$6,898,557

Accounting fees$41,600

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

STEVE GROSSMANCHIEF EXECUTIVE OFFICER · 40 hrs/week $373,300Base $359,500 · Other $13,800

HOWARD WIALSR. VP OF RESEARCH · 40 hrs/week $238,620Base $221,451 · Other $17,169

OKSANA BONDARCHIEF FINANCIAL OFFICER · 40 hrs/week $206,173Base $197,093 · Other $9,080

ELIZABETH PUGHDEVELOPMENT DIRECTOR · 40 hrs/week $198,544Base $167,414 · Other $31,130

SONIA MOINSENIOR DIRECTOR (UNTIL 11/1/24) · 40 hrs/week $160,734Base $156,714 · Other $4,020

DIEGO PORTILLO-MAZALPROGRAM DIRECTOR · 40 hrs/week $160,133Base $145,956 · Other $14,177

ELIZABETH BERNALDIRECTOR OF TALENT & CULTURE · 40 hrs/week $157,645Base $136,385 · Other $21,260

NADIA LARASATIPROGRAM DIRECTOR · 40 hrs/week $144,483Base $123,137 · Other $21,346

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (30)

STEVE GROSSMANCHIEF EXECUTIVE OFFICER

HOWARD WIALSR. VP OF RESEARCH

OKSANA BONDARCHIEF FINANCIAL OFFICER

ELIZABETH PUGHDEVELOPMENT DIRECTOR

SONIA MOINSENIOR DIRECTOR (UNTIL 11/1/24)

DIEGO PORTILLO-MAZALPROGRAM DIRECTOR

ELIZABETH BERNALDIRECTOR OF TALENT & CULTURE

NADIA LARASATIPROGRAM DIRECTOR

MICHAEL PORTERFOUNDER & CHAIRMAN EMERITUS

KEVIN PROKOPBOARD MEMBER

RENA CLARKBOARD MEMBER

RONALD HOMERCHAIRMAN

ROSA SANTANABOARD MEMBER

SONIA SMYTHBOARD MEMBER

STEPHANIE HICKMANBOARD MEMBER

SUSAN SCHIROBOARD MEMBER

WILLIE WOODSBOARD MEMBER

LYNDA APPLEGATEBOARD MEMBER (UNTIL 12/24)

KIM SAWYERBOARD MEMBER

BARBARA BERKEBOARD MEMBER

JUDY PAGLIUCABOARD MEMBER

JENNIFER PINCKBOARD MEMBER

JAIR LYNCHBOARD MEMBER

GEORGE GENDRONBOARD MEMBER

DENNIS GREENBOARD MEMBER

DARRYL SETTLESBOARD MEMBER

CARON NGBOARD MEMBER

BRENDA MCKENZIESECRETARY

BO MENKITIBOARD MEMBER

BARRY WHITEVICE CHAIRMAN & TREASURER

About this charity

Recognized since: January 1995
Location: PO BOX 191297, ROXBURY, MA 02119-0025
County: Suffolk
In care of: % WHITNEY R TILSON
Primary officer: STEVE GROSSMAN, CEO

How to reach them

WebsiteVisit the charity’s website Phone(617) 238-1740

Filing and classification

Latest tax year: 2024
Tax period began: January 1, 2024
Return type: 990
Tax preparer: AAFCPAS INC
NTEE classification: Homeowners & Tenants Associations (L50)
IRS tax category: Homeowners & Tenants Associations