Nonprofit · EIN 27-3941432
RIVER CITY CAPITAL INVESTMENT CORP
Tax-exempt · MEMPHIS, TN 38104
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $2,295,857 | $848,226 | $1,447,631 | $8,181,177 | $3,237,803 | $4,943,374 |
| June 30, 2024 | 990 | $996,587 | $741,112 | $255,475 | $6,752,719 | $3,256,976 | $3,495,743 |
| June 30, 2023 | 990 | $1,690,280 | $578,486 | $1,111,794 | $5,591,636 | $2,351,368 | $3,240,268 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $2,004,000
- Program service revenue
- $291,857
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $338,494
- Salaries, compensation and benefits (total)
- $338,494
- Professional fundraising fees
- $0
- Occupancy
- $16,200
- Depreciation
- $12,557
- Program services (functional)
- $717,522
- Management and general (functional)
- $130,704
Balance sheet and other
- Total assets, start of year
- $6,752,719
- Total assets, end of year
- $8,181,177
- Total liabilities, end of year
- $3,237,803
- Net assets, end of year
- $4,943,374
- Land, buildings and equipment
- $21,950
- Net assets without donor restrictions
- $2,442,009
- Net assets with donor restrictions
- $2,501,365
- Gross receipts
- $2,295,857
- Employees
- 2
- Volunteers
- 0
- Year formed
- 2010
- State of legal domicile
- TN
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Luther Mercer | President Officer | 4 | $51,923 |
| Summer Owens | Board Member Trustee or director | 2 | $0 |
| Michelle Couch | Secretary Trustee or director | 2 | $0 |
| Mark Yates | Board Member Trustee or director | 2 | $0 |
| Phillip May | Treasurer Trustee or director | 2 | $0 |
| Sean Norris | Board Member Trustee or director | 3 | $0 |
| Patrice Thomas | Board Member Trustee or director | 3 | $0 |
| Dr Joann Massey | Board Member Trustee or director | 3 | $0 |
| Andrea Johnson | Treasurer Trustee or director | 3 | $0 |
| Larry Neal Jr | Board Member Trustee or director | 3 | $0 |
| John Daniel | Vice Chairman Trustee or director | 3 | $0 |
990 for the year ended June 30, 2024: 11 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Luther Mercer | President Officer | 4 | $51,923 |
| Summer Owens | Board Member Trustee or director | 2 | $0 |
| Michelle Couch | Secretary Trustee or director | 2 | $0 |
| Mark Yates | Board Member Trustee or director | 2 | $0 |
| Phillip May | Treasurer Trustee or director | 2 | $0 |
| Sean Norris | Board Member Trustee or director | 3 | $0 |
| Patrice Thomas | Board Member Trustee or director | 3 | $0 |
| Dr Joann Massey | Board Member Trustee or director | 3 | $0 |
| Andrea Johnson | Treasurer Trustee or director | 3 | $0 |
| Larry Neal Jr | Board Member Trustee or director | 3 | $0 |
| John Daniel | Vice Chairman Trustee or director | 3 | $0 |
990 for the year ended June 30, 2023: 12 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Luther Mercer | President Officer | 4 | $51,923 |
| Gwyn Fisher | Chairperson Trustee or director | 2 | $0 |
| Michelle Couch | Secretary Trustee or director | 2 | $0 |
| Mr Mark Yates | Board Member Trustee or director | 2 | $0 |
| Mr Phillip May | Treasurer Trustee or director | 2 | $0 |
| Mr Sean Norris | Board Member Trustee or director | 3 | $0 |
| Mr Joshua Poag | Chairman Trustee or director | 3 | $0 |
| John Daniel | Vice Chairman Trustee or director | 3 | $0 |
| Trey McKnight | Board Member Trustee or director | 3 | $0 |
| Carlee Mc Cullough | Board Member Trustee or director | 3 | $0 |
| Andrea Johnson | Board Member Trustee or director | 3 | $0 |
| Larry Neal Jr | Board Member Trustee or director | 3 | $0 |
Address and contacts
- Address (IRS master file)
- 1863 MADISON AVE, MEMPHIS, TN 38104-2621
- Principal officer (990 for 2024)
- Luther Mercer, 1863 Madison Ave, Memphis, TN 38104
- Signed the 990
- Luther Mercer, CEO
- Phone
- (901) 521-4232
- Return prepared by
- BANKS FINLEY WHITE & CO
Mission
River City Capital LLC is a CDFI(Community Development Financial Institution) with a dedicated mission to accelerate shared prosperity & revitalization in underserved communities through the provisions of capital in Memphis & Shelby County.
Program accomplishments
- Loan funding and financial services in distressed, lower-income communities.Expenses $717,522 · grants $1,923,000 · revenue $2,295,857
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 27-3941432
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2013
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S20)
- Assets (IRS master file)
- $8,181,177
- Income (IRS master file)
- $2,295,857
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $2,295,857 | $848,226 | $8,181,177 | IRS |
| 990 | June 2024 | $996,587 | $741,112 | $6,752,719 | XML |
| 990 | June 2023 | $1,690,280 | $578,486 | $5,591,636 | XML |
| 990 | June 2022 | $1,200,472 | $939,223 | $4,501,798 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 27-3941432).
Questions about RIVER CITY CAPITAL INVESTMENT CORP
- What is the EIN of RIVER CITY CAPITAL INVESTMENT CORP?
- The employer identification number (EIN) of RIVER CITY CAPITAL INVESTMENT CORP is 27-3941432.
- Is RIVER CITY CAPITAL INVESTMENT CORP tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2013.
- Are donations to RIVER CITY CAPITAL INVESTMENT CORP tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does RIVER CITY CAPITAL INVESTMENT CORP file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of RIVER CITY CAPITAL INVESTMENT CORP due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did RIVER CITY CAPITAL INVESTMENT CORP last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of RIVER CITY CAPITAL INVESTMENT CORP?
- The 990 for the year ended June 30, 2025 names Luther Mercer.
- Who are the officers and directors of RIVER CITY CAPITAL INVESTMENT CORP?
- The 990 for the year ended June 30, 2025 lists 11 people; 1 received compensation from the organization, the highest $51,923 (Luther Mercer, President).
- How much revenue does RIVER CITY CAPITAL INVESTMENT CORP have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $2,295,857, expenses of $848,226 and total assets of $8,181,177 at year end.
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All nonprofits in MEMPHIS · Tennessee · Community improvement and capacity building