Overview
What is Community Investment Corporation?
Community Investment Corporation is a nonprofit organization situated in Hamden, Connecticut (CT 06518). Its primary mission is to foster economic growth and community development across Connecticut, Rhode Island, and Massachusetts. They achieve this by offering financial aid to eligible small businesses. During the recent fiscal year, the organization had outstanding loans amounting to $11,589,014. Furthermore, Community Investment Corporation manages an SBA 504 loan portfolio, with outstanding amounts totaling $133,961,444. The organization's efforts aim to bolster the economic landscape and strengthen communities in these three states. This nonprofit organization serves as a financial support system for small businesses, contributing to their growth and development. With a staff of 16 dedicated individuals, Community Investment Corporation is committed to promoting economic prosperity and community improvement in Connecticut, Rhode Island, and Massachusetts.
Official website here: www.ciclending.com
Is Community Investment Corporation legitimate?
Community Investment Corporation is a legitimate nonprofit organization registered as a 501(c)(4) entity. Community Investment Corporation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $735,283
Professional Fundraising Fees: $0
Other Salaries and Wages: $634,204
For more financial information, click here
Official website here: www.ciclending.com
What is the mission statement of Community Investment Corporation?
The Community Investment Corporation's mission is centered around promoting economic growth and community development. They achieve this by offering financial assistance to qualified small businesses in an unspecified location, potentially encompassing Connecticut, Rhode Island, and the Commonwealth of Massachusetts. By providing this financial aid, the organization aims to contribute to the overall growth and development of these communities. During the fiscal year, the corporation had outstanding loans totaling $11,589,014, in addition to managing an SBA 504 loan portfolio with outstanding sums amounting to $133,961,444.
Official website here: www.ciclending.com
What is the revenue of Community Investment Corporation?
Community Investment Corporation's revenue in 2024 was $2,965,224.
Official website here: www.ciclending.com
Who are the executives of Community Investment Corporation and what are their salaries?
The average compensation at Community Investment Corporation during 2024 was $114,124. There are 12 employees at Community Investment Corporation.
Here are 15 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $195,231
- Related: $0
- Other: $18,741
- Compensation: $146,903
- Related: $0
- Other: $5,876
- Compensation: $151,346
- Related: $0
- Other: $34,713
- Compensation: $150,612
- Related: $0
- Other: $31,861
Official website here: www.ciclending.com
Where can I find the form 990 for Community Investment Corporation?
Community Investment Corporation's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.ciclending.com
Learn more at the official website: www.ciclending.com
Mission Statement of Community Investment Corporation
Community Investment Corporation, a nonprofit organization, is committed to fostering economic growth and community development in Connecticut, Rhode Island, and the Commonwealth of Massachusetts. They achieve this by extending financial assistance to qualified small businesses. The corporation's mission is to contribute to the economic well-being of these regions by aiding businesses that might otherwise struggle to secure funding. In the recent fiscal year, Community Investment Corporation had outstanding loans totaling $11,589,014. Additionally, the company manages an SBA 504 loan portfolio with outstanding balances of $133,961,444, further demonstrating their significant role in supporting small businesses.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
Community Investment Corporation (CIC) significantly impacts economic growth and community development across Connecticut, Rhode Island, and Massachusetts by offering financial assistance to qualified small businesses. With outstanding loans totaling over $11.5 million, CIC empowers these businesses to thrive, fostering job creation and stability in local economies. Additionally, the organization manages an SBA 504 loan portfolio exceeding $133.9 million, which further bolsters the growth of small enterprises. Through its dedicated support, CIC enhances community improvement and promotes sustainable development, ultimately contributing to a robust economic landscape in the region.
This information is meant to be a general summary of Community Investment Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2024.
- Program Service Revenue: $2,593,271
- Gross Receipts: $2,965,224
Assets and Liabilities:
- Total Assets: $12,691,886
- Total Liabilities: $4,194,585
- Net Assets: $8,497,301
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SERVICE FEES
Revenue
$1,647,714
INTEREST INCOME
Revenue
$945,557
Organization Details
Founding Year
1973
Principal Officer
Louis Silva
Website
www.ciclending.comNTEE Category
Code: S31 - Community improvement
If you are a representative of Community Investment Corporation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.