COMMUNITY INVESTMENT CORPORATION Charity Report

Public IRS 990 nonprofit record

COMMUNITY INVESTMENT CORPORATION

EIN 36-2780862 · Housing & Shelter (L200)

What they do

COMMUNITY INVESTMENT CORPORATION (CIC) is A NOT-FOR-PROFIT 501(C)(3) CORPORATION. INCORPORATED IN 1973, CICS MISSION is to BE THE LEADING FORCE IN NEIGHBORHOOD REVITALIZATION THROUGH INNOVATIVE FINANCIAL PROGRAMS. IN PURSUIT of THIS MISSION, CIC HAS BECOME THE LEADING LENDER for THE ACQUISITION, REHABILITATION, and PRESERVATION of AFFORDABLE RENTAL HOUSING THROUGHOUT THE CHICAGO METROPOLITAN AREA. CIC PROVIDES ONE of THE VERY FEW SOURCES of CAPITAL for REDEVELOPING and MAINTAINING AFFORDABLE RENTAL HOUSING, PRIMARILY LOCATED IN LOW and MODERATE-INCOME COMMUNITIES. CIC EXERCISES SOUND MANAGEMENT and FISCAL PRUDENCE IN ITS OPERATIONS.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $86.00 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 2023The report may be old. Ask for a newer one.

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

They name their leaders26 people are listed in the latest report.

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

Money made simple

46.90%of revenue went to mission work86.0% of expenses · Program services

0.55%of revenue went to fundraising1.0% of expenses

$84.76spent for every $100 of revenueRevenue covered expenses this year.

7.09%of revenue went to management and office costs13.0% of expenses

$17.80in assets for every $1 spent this yearSome assets cannot be spent right away.

78.9%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 $434,233 for ANDRE COLLINS (AQUISITION MANAGER). 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 2023

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$38,598,910

Mission workProgram services$18,104,09246.90% of revenue86.0% of expenses

ManagementOffice and general costs$2,736,6657.09% of revenue13.0% of expenses

FundraisingAsking for donations$210,5130.55% of revenue1.0% of expenses

Revenue left after expensesReported annual surplus$17,547,64045.46% of revenueShown in gray on the chart

Total expenses$21,051,27054.54% 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

2023CurrentExpense mix: 86.0% mission · 13.0% management · 1.0% fundraisingTotal expenses: 54.54% of revenue

2022Expense mix: 87.0% mission · 12.0% management · 1.0% fundraisingTotal expenses: 100.58% of revenue

2021Expense mix: 85.8% mission · 13.2% management · 1.0% fundraisingTotal expenses: 91.18% of revenue

2020Expense mix: 86.8% mission · 12.2% management · 1.0% fundraisingTotal expenses: 67.88% of revenue

2019Expense mix: 89.8% mission · 9.2% management · 1.0% fundraisingTotal expenses: 99.07% of revenue

2018Expense mix: 89.8% mission · 9.2% management · 1.0% fundraisingTotal expenses: 95.35% of revenue

2017Expense mix: 93.0% mission · 6.0% management · 1.0% fundraisingTotal expenses: 90.83% of revenue

2016Expense mix: 85.0% mission · 13.0% management · 2.0% fundraisingTotal expenses: 78.06% of revenue

Money in and money out

Revenue$24,834,893

Expenses$21,051,270

Annual surplus $3,783,623 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)$18,104,092 · 86.0% of expenses

Management and office costs$2,736,665 · 13.0% of expenses

Fundraising$210,513 · 1.0% of expenses

See all reported dollar amounts

Revenue$24,834,893

Expenses$21,051,270

Assets$374,723,321

Income$24,834,893

Contributions$19,604,167

Mission work (program services)$18,104,092

Fundraising$210,513

Management and general$2,736,665

Executive compensation (total)$1,328,789

Accounting fees$191,115

People

Leadership and board

Tax year 2023

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

People reported as paid

Person and titleCompensation

ANDRE COLLINSAQUISITION MANAGER · 15 hrs/week $434,233Base $404,299 · Other $29,934

STACIE YOUNGPRESIDENT · 35 hrs/week $355,205Base $328,700 · Other $26,505

JOHN CRANESVP/DIRECTOR OF LENDING · 39 hrs/week $307,243Base $263,464 · Other $43,779

MICHAEL CIACCIATREASURER/CFO · 35 hrs/week $295,928Base $244,555 · Other $51,373

JONAH HESSCII VICE PRESIDENT · 1 hrs/week $224,470Base $196,757 · Other $27,713

TOMMY JACKSONLOAN OFFICER · 40 hrs/week $216,319Base $184,384 · Other $31,935

ANNE COLEDIRECTOR OF COMMUNICATIONS · 40 hrs/week $190,130Base $158,334 · Other $31,796

DARRIS SHAWSENIOR CONSTRUCTION INSPECTOR · 40 hrs/week $182,403Base $140,674 · Other $41,729

RENE BARAZZACONSTRUCTION MANAGER · 40 hrs/week $181,749Base $139,928 · Other $41,821

PHILLIP MOOREVP/DIRECTOR OF CREDIT ADMIN · 40 hrs/week $176,307Base $162,628 · Other $13,679

MONICA KIRBYASSISTANT SECRETARY · 39 hrs/week $99,143Base $82,244 · Other $16,899

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 (26)

ANDRE COLLINSAQUISITION MANAGER

STACIE YOUNGPRESIDENT

JOHN CRANESVP/DIRECTOR OF LENDING

MICHAEL CIACCIATREASURER/CFO

JONAH HESSCII VICE PRESIDENT

TOMMY JACKSONLOAN OFFICER

ANNE COLEDIRECTOR OF COMMUNICATIONS

DARRIS SHAWSENIOR CONSTRUCTION INSPECTOR

RENE BARAZZACONSTRUCTION MANAGER

PHILLIP MOOREVP/DIRECTOR OF CREDIT ADMIN

MONICA KIRBYASSISTANT SECRETARY

JOHN HEINDIRECTOR

TIMOTHY HADRODIRECTOR

SCOTT FERRISDIRECTOR

ROBERT MARJANDIRECTOR

NICK BRUNICKSECRETARY & GENERAL COUNSEL

KAREN CASEDIRECTOR

JOHN GHOLARDIRECTOR

JEFF NEWCOMDIRECTOR

FRANK PETTAWAYVICE CHAIRMAN

ERIKA POETHIGDIRECTOR

DAVID DYKSTRACHAIRMAN

DANIEL WATTSDIRECTOR

COLLETE ENGLISH DIXONDIRECTOR

ANGIE MARKSDIRECTOR

ANDREW SALKDIRECTOR

About this charity

Recognized since: January 1974
Location: 222 S RIVERSIDE PLZ STE 380, CHICAGO, IL 60606-7801
County: Cook
In care of: MICHAEL G CIACCIA
Primary officer: MICHAEL G CIACCIA, TREASURER/CFO

How to reach them

WebsiteVisit the charity’s website Emailpmtinfo@cicchicago.com Phone(312) 258-0070

Filing and classification

Latest tax year: 2023
Tax period began: October 1, 2023
Return type: 990
Tax preparer: PLANTE & MORAN PLLC
NTEE classification: Housing & Shelter (L200)
IRS tax category: Other Community Housing Services