Overview
What is Community Investment Corporation Of Decatur Inc?
Community Investment Corporation of Decatur Inc is a nonprofit organization situated in Decatur, Illinois, specifically at 120 N Franklin Street Suite C. Their primary mission is to foster economic development in the Decatur region by nurturing and assisting qualified new and expanding businesses. Their activities aim to combat community deterioration, promote the general welfare of the community, and lessen the burden of government by improving the economic, housing, and social conditions for low and moderate-income citizens. This is achieved through business development and expansion assistance, job creation and retention efforts, and housing and social welfare programs. The organization employs a modest team of three individuals.
Official website here: www.investindecaturcicd.org
Is Community Investment Corporation Of Decatur Inc legitimate?
Community Investment Corporation Of Decatur Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Community Investment Corporation Of Decatur Inc 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: $65,817
Professional Fundraising Fees: $0
Other Salaries and Wages: $79,116
For more financial information, click here
Official website here: www.investindecaturcicd.org
What is the mission statement of Community Investment Corporation Of Decatur Inc?
The Community Investment Corporation of Decatur Inc's mission is centered around combating community deterioration and enhancing the well-being of its citizens. It aims to achieve this by promoting business development and expansion, creating jobs, and providing assistance for low and moderate-income individuals in the areas of housing and social welfare. The corporation acts as a resource center, supporting qualified new and expanding businesses to stimulate economic development in the region. Their objective is to lessen the burden on government by improving economic, housing, and social conditions within the community.
Official website here: www.investindecaturcicd.org
Who is the CEO of Community Investment Corporation Of Decatur Inc?
James Seaberg is the President of Community Investment Corporation Of Decatur Inc.
Official website here: www.investindecaturcicd.org
What is the revenue of Community Investment Corporation Of Decatur Inc?
Community Investment Corporation Of Decatur Inc's revenue in 2023 was $259,164.
Official website here: www.investindecaturcicd.org
Who are the executives of Community Investment Corporation Of Decatur Inc and what are their salaries?
The average compensation at Community Investment Corporation Of Decatur Inc during 2023 was $48,311. There are 3 employees and 15 volunteers at Community Investment Corporation Of Decatur Inc.
Here are 13 key members and their salaries:
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Official website here: www.investindecaturcicd.org
Where can I find the form 990 for Community Investment Corporation Of Decatur Inc?
Community Investment Corporation Of Decatur Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.investindecaturcicd.org
Learn more at the official website: www.investindecaturcicd.org
Mission Statement of Community Investment Corporation Of Decatur Inc
The Community Investment Corporation of Decatur Inc is committed to combating community deterioration and enhancing the general welfare of low and moderate-income citizens in Decatur, Illinois. The organization's mission is twofold: firstly, it aims to promote and assist in the development, establishment, and expansion of local businesses and industries. Secondly, it strives to improve the economic, housing, and social conditions of the community by providing business development and expansion assistance, facilitating job creation and retention efforts, and offering housing and social welfare programs. To achieve these objectives, the Community Investment Corporation of Decatur Inc operates as a business incubator and resource center, supporting qualified new and expanding businesses to fuel economic development in the Decatur region.
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Impact
October, 2024
Community Investment Corporation Of Decatur Inc significantly enhances the economic, housing, and social landscape of Decatur, Illinois. By actively working to combat community deterioration, it promotes the common good and improves general welfare for low- and moderate-income citizens.
The organization focuses on driving economic development through business development and expansion assistance, which is vital for job creation and retention efforts in the community. By acting as a business incubator and resource center, it nurtures qualified new and expanding businesses, fostering an environment of growth and innovation. This not only contributes to local employment opportunities but also strengthens the overall economic framework of the region.
Moreover, its commitment to improving housing and social welfare programs directly addresses the needs of vulnerable populations, aiding in the overall upliftment of community standards. Through these efforts, the organization plays a crucial role in revitalizing the Decatur area, lessening the burden on government services and enhancing the quality of life for its residents.
This information is meant to be a general summary of Community Investment Corporation Of Decatur Inc. 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 2023.
- Investment Income: $31,315
- Program Service Revenue: $78,676
- Gross Receipts: $259,164
Assets and Liabilities:
- Total Assets: $3,404,002
- Total Liabilities: $263,324
- Net Assets: $3,140,678
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENT USAGE INCOME
Revenue
$78,676
Organization Details
Founding Year
1991
Phone
(217) 423-0352Principal Officer
James Seaberg
Main Address
120 N FRANKLIN STREET SUITE C, DECATUR, IL, 62523
Website
www.investindecaturcicd.orgNTEE Category
Code: S310 - Community improvement
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