Community Investment Corporation Of Decatur Inc
- Assets
- $3.3m
- Revenue
- $257.0k
- Investments
- $0.0
- Employees
- 3
- Location
- Decatur, IL
- Founding
- 07/1992
- Data as of
- 04/2024
- EIN
- 37-1293865
Organization Overview
Community Investment Corporation Of Decatur Inc is located in Decatur, IL. The organization was established in 1992. According to its NTEE Classification (S31) the organization is classified as: Urban & Community Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 04/2024, Community Investment Corporation Of Decatur Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Community Investment Corporation Of Decatur 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 04/2024, Community Investment Corporation Of Decatur Inc generated $257.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (6.2%) each year. All expenses for the organization totaled $407.0k during the year ending 04/2024. As we would expect to see with falling revenues, expenses have declined by (1.8%) per year over the past 9 years. 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
TO COMBAT COMMUNITY DETERIORATION, PROMOTE THE COMMON GOOD AND GENERAL WELFARE OF THE COMMUNITY, AND LESSEN THE BURDEN OF GOVERNMENT IN THE CITY OF DECATUR, ILLINOIS, BY IMPROVING THE ECONOMIC, HOUSING AND SOCIAL CONDITIONS FOR LOW AND MODERATE INCOME CITIZENS OF THE CITY THROUGH BUSINESS DEVELOPMENT AND EXPANSION ASSISTANCE, JOB CREATION AND RETENTION EFFORTS, AND HOUSING AND SOCIAL WELFARE PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BUSINESS INCUBATOR AND RESOURCE CENTER - TO PROMOTE ECONOMIC DEVELOPMENT IN THE DECATUR REGION BY DEVELOPING AND SUPPORTING QUALIFIED NEW AND EXPANDING BUSINESSES.
HOUSING COUNSELING PROGRAM
LOAN PROGRAMS - TO MAKE LOW INTEREST LOANS IN CONJUNCTION WITH CONVENTIONAL LOANS FROM PRIVATE LENDERS TO ENCOURAGE BUSINESS EXPANSION AND THE CREATION OF PERMANENT PRIVATE SECTOR JOBS AND GROWTH IN CAPITAL IN DECATUR.
HOUSING ASSISTANCE - THROUGH PARTNERSHIP WITH GOVERNMENT AND NONPROFIT AGENCIES, PROVIDE HOUSING COUNSELING, AND HOUSING OF THE HOMELESS IN DECATUR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Seaberg President | Officer | 40 | $68,779 |
Shamika Bond-Madison Director | Trustee | 1 | $0 |
Dan Heckman Director | Trustee | 1 | $0 |
Larry Livergood Director | Trustee | 1 | $0 |
Julia Roundtree Livingston Director | Trustee | 1 | $0 |
Fred Lohrstorfer Vice Chair | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $65,971 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $65,971 |
| Total Program Service Revenue | $65,498 |
| Investment income | $30,837 |
| 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 | $257,035 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $68,779 |
| Compensation of current officers, directors, key employees. | $68,779 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $110,726 |
| Pension plan accruals and contributions | $3,483 |
| Other employee benefits | $16,854 |
| Payroll taxes | $13,130 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,769 |
| Fees for services: Accounting | $18,494 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,685 |
| Advertising and promotion | $6,187 |
| Office expenses | $707 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $33,496 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $929 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $46,954 |
| Insurance | $9,254 |
| All other expenses | $3,409 |
| Total functional expenses | $406,955 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,702,331 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $52,228 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $274,637 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $6,291 |
| Net Land, buildings, and equipment | $190,910 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $37,969 |
| Total assets | $3,264,366 |
| Accounts payable and accrued expenses | $12,552 |
| Grants payable | $0 |
| Deferred revenue | $46,667 |
| 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 | $214,389 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $273,608 |
| Net assets without donor restrictions | $2,990,758 |
| Net assets with donor restrictions | $0 |
| 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 | $3,264,366 |