Community Investment Fund Of Indiana Inc
- Assets
- $5.3m
- Revenue
- $2.3m
- Investments
- $0.0
- Employees
- 3
- Location
- Indianapolis, IN
- Founding
- 02/2013
- Data as of
- 06/2022
- EIN
- 27-3989674
Organization Overview
Community Investment Fund Of Indiana Inc is located in Indianapolis, IN. The organization was established in 2013. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2022, Community Investment Fund Of Indiana Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Community Investment Fund Of Indiana Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Community Investment Fund Of Indiana Inc generated $2.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 31.9% each year . All expenses for the organization totaled $1.0m during the year ending 06/2022. While expenses have increased by 26.0% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE COMMUNITY INVESTMENT FUND OF INDIANA FINANCES PROJECTS TO BUILD VIBRANT COMMUNITIES AND RESILIENT FAMILIES. WE PROVIDE CAPITAL, MAKE CONNECTIONS TO THE SAME, AND FACILITATE ACCESS TO PROGRAM SERVICES FOR TRANSFORMATIVE COMMUNITY REINVESTMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMUNITY INVESTMENT FUND OF INDIANA IS A MISSION DRIVEN STATE-WIDE ORGANIZATION CERTIFIED BY THE U.S. DEPARTMENT OF TREASURY'S COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION FUND. CIFI PROVIDES LOANS AND DEVELOPMENT SERVICES TO LOW INCOME INDIVIDUALS AND ORGANIZATIONS WHO LACK ADEQUATE ACCESS TO CAPITAL. THE ORGANIZATION WORKS WITH NEW CUSTOMERS AS WELL AS AN EXISTING PORTFOLIO OF CUSTOMERS WHO HAVE LOANS AND NEED BUSINESS TECHNICAL ASSISTANCE. CIFI TRACKS CUSTOMERS AND MEASURES ECONOMIC IMPACT IN UNDERSERVED MARKETS. AT THE END OF THE FISCAL YEAR ITS ACTIVE PORTFOLIO IS $2,662,603.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Phillip Black Executive Director | Officer | 45 | $83,000 |
Matthew B Murphy Board President | OfficerTrustee | 10 | $0 |
Kristin Pruitt Board Secretary | OfficerTrustee | 10 | $0 |
Todd Flick Board Treasurer | OfficerTrustee | 10 | $0 |
Charles Kennedy Past Board President | Trustee | 5 | $0 |
Frank Foster Director | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,003,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $25,677 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,028,677 |
| Total Program Service Revenue | $250,803 |
| Investment income | $16,218 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,295,698 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $345,000 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $88,585 |
| Compensation of current officers, directors, key employees. | $44,292 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $63,127 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $23,158 |
| Payroll taxes | $11,606 |
| Fees for services: Management | $167,730 |
| Fees for services: Legal | $5,218 |
| Fees for services: Accounting | $8,750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $36,054 |
| Advertising and promotion | $10,612 |
| Office expenses | $1,607 |
| Information technology | $7,376 |
| Royalties | $0 |
| Occupancy | $4,200 |
| Travel | $7,045 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $39,438 |
| Interest | $16,941 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $654 |
| Insurance | $5,279 |
| All other expenses | $0 |
| Total functional expenses | $1,036,316 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,550,778 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $628,000 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $2,118,922 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $12,709 |
| Net Land, buildings, and equipment | $2,448 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $22,759 |
| Total assets | $5,335,616 |
| Accounts payable and accrued expenses | $11,821 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $1,550,000 |
| Other liabilities | $0 |
| Total liabilities | $1,561,821 |
| Net assets without donor restrictions | $1,710,178 |
| Net assets with donor restrictions | $2,063,617 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $5,335,616 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Community Investment Fund Of Indiana Inc has recieved totaling $25,000.
| Awarding Organization | Amount |
|---|---|
First Financial Foundation Cincinnati, OH PURPOSE: EXPAND LENDING INITITATIVES IN NORTHWEST INDIANA. | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Financial Health Network Inc Chicago, IL | $19,686,455 | $18,603,239 |
St Louis Economic Development Partnership Saint Louis, MO | $27,235,860 | $13,883,018 |
Visit Indy Inc Indianapolis, IN | $20,981,890 | $14,589,218 |
Purchase Area Development District Inc Mayfield, KY | $0 | $14,269,202 |
Crosswalk Community Action Agency Inc West Frankfort, IL | $2,780,027 | $11,762,821 |
Wisconsin Dells Visitor & Convention Bureau Wisconsin Dells, WI | $26,952,168 | $17,110,395 |
Convention & Visitors Bureau Of Greater Kansas City Kansas City, MO | $12,878,337 | $11,432,355 |
Wbd Inc Madison, WI | $14,868,892 | $9,399,155 |
Brighton Park Neighborhood Council Chicago, IL | $4,048,275 | $8,262,492 |
Explore Branson Tourism Branson, MO | $1,396,845 | $7,616,014 |
Applied Research Institute Bloomington, IN | $3,329,526 | $9,074,163 |
Mhub Chicago, IL | $5,077,327 | $6,781,086 |