Nonprofit · EIN 36-2780862
COMMUNITY INVESTMENT CORP
Tax-exempt · CHICAGO, IL 60606
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| September 30, 2025 | 990 | $24,834,893 | $22,703,696 | $2,131,197 | $374,723,321 | $308,667,245 | $66,056,076 |
| September 30, 2024 | 990 | $38,598,910 | $21,051,270 | $17,547,640 | $349,185,880 | $285,261,001 | $63,924,879 |
| September 30, 2023 | 990 | $17,601,990 | $17,704,023 | -$102,033 | $316,503,327 | $270,574,016 | $45,929,311 |
Financial details: 990 for the year ended September 30, 2025
Revenue
- Contributions, gifts and grants
- $2,253,109
- of which government grants
- $1,795,732
- Program service revenue
- $22,581,784
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $1,861,802
- Other salaries and wages
- $3,801,909
- Salaries, compensation and benefits (total)
- $7,016,085
- Professional fundraising fees
- $0
- Legal fees
- $23,019
- Accounting fees
- $164,974
- Occupancy
- $521,957
- Travel
- $125,622
- Depreciation
- $133,516
- Program services (functional)
- $19,298,140
- Management and general (functional)
- $3,178,516
- Fundraising (functional)
- $227,040
Balance sheet and other
- Total assets, start of year
- $349,185,880
- Total assets, end of year
- $374,723,321
- Total liabilities, end of year
- $308,667,245
- Net assets, end of year
- $66,056,076
- Land, buildings and equipment
- $574,513
- Net assets without donor restrictions
- $63,056,076
- Net assets with donor restrictions
- $3,000,000
- Gross receipts
- $24,834,893
- Employees
- 48
- Volunteers
- 17
- Year formed
- 1973
- State of legal domicile
- IL
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 September 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| STACIE YOUNG | PRESIDENT Trustee or director, Officer | 35 | $346,087 | $28,118 |
| MICHAEL CIACCIA | TREASURER/CFO Officer | 35 | $258,155 | $50,090 |
| MARTIN BABBO | SVP/CHIEF CREDIT OFFICER Officer | 39 | $270,559 | $24,726 |
| ANDRE COLLINS | AQUISITION MANAGER Highest-paid employee | 15 | $269,507 | $25,533 |
| JOHN CRANE | SVP Highest-paid employee | 40 | $242,250 | $42,007 |
| PHILLIP MOORE | SVP/DIRECTOR OF LENDING Officer | 39 | $209,725 | $48,777 |
| JONAH HESS | CII VICE PRESIDENT Officer | 1 | $206,699 | $28,938 |
| DARRIS SHAW | CONSTRUCTION MANAGER Highest-paid employee | 40 | $164,102 | $47,614 |
| ANNE COLE | DIRECTOR OF COMMUNICATIONS Highest-paid employee | 40 | $168,219 | $33,120 |
| ROSAMOND MEERDINK | LOAN OFFICER Highest-paid employee | 40 | $151,389 | $36,095 |
| MONICA KIRBY | ASSISTANT SECRETARY Officer | 39 | $87,202 | $18,468 |
| ANDREW SALK | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ANGIE MARKS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| COLLETE ENGLISH DIXON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DANIEL WATTS | DIRECTOR Trustee or director | 1 | $0 | $0 |
14 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DARYL NEWELL | DIRECTOR Trustee or director | 1 | $0 |
| DAVID DYKSTRA | CHAIRMAN Trustee or director | 1 | $0 |
| ERIKA POETHIG | DIRECTOR Trustee or director | 1 | $0 |
| FRANK PETTAWAY | VICE CHAIRMAN Trustee or director | 1 | $0 |
| JEFF NEWCOM | DIRECTOR Trustee or director | 1 | $0 |
| JOHN GHOLAR | DIRECTOR Trustee or director | 1 | $0 |
| JOHN HEIN | DIRECTOR Trustee or director | 1 | $0 |
| KAREN CASE | DIRECTOR Trustee or director | 1 | $0 |
| KIM LIAUTAUD | DIRECTOR Trustee or director | 1 | $0 |
| ROBERT MARJAN | DIRECTOR Trustee or director | 1 | $0 |
| TERRENCE JOHNSON | DIRECTOR Trustee or director | 1 | $0 |
| TIMOTHY HADRO | DIRECTOR Trustee or director | 1 | $0 |
| TONY HERNANDEZ | DIRECTOR Trustee or director | 1 | $0 |
| NICK BRUNICK | SECRETARY & GENERAL COUNSEL Officer | 1 | $0 |
990 for the year ended September 30, 2024: 26 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ANDRE COLLINS | AQUISITION MANAGER Highest-paid employee | 15 | $404,299 | $29,934 |
| STACIE YOUNG | PRESIDENT Trustee or director, Officer | 35 | $328,700 | $26,505 |
| JOHN CRANE | SVP/DIRECTOR OF LENDING Officer | 39 | $263,464 | $43,779 |
| MICHAEL CIACCIA | TREASURER/CFO Officer | 35 | $244,555 | $51,373 |
| JONAH HESS | CII VICE PRESIDENT Officer | 1 | $196,757 | $27,713 |
| TOMMY JACKSON | LOAN OFFICER Highest-paid employee | 40 | $184,384 | $31,935 |
| ANNE COLE | DIRECTOR OF COMMUNICATIONS Highest-paid employee | 40 | $158,334 | $31,796 |
| DARRIS SHAW | SENIOR CONSTRUCTION INSPECTOR Highest-paid employee | 40 | $140,674 | $41,729 |
| RENE BARAZZA | CONSTRUCTION MANAGER Highest-paid employee | 40 | $139,928 | $41,821 |
| PHILLIP MOORE | VP/DIRECTOR OF CREDIT ADMIN Key employee | 40 | $162,628 | $13,679 |
| MONICA KIRBY | ASSISTANT SECRETARY Officer | 39 | $82,244 | $16,899 |
| ANDREW SALK | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ANGIE MARKS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| COLLETE ENGLISH DIXON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DANIEL WATTS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DAVID DYKSTRA | CHAIRMAN Trustee or director | 1 | $0 | $0 |
| ERIKA POETHIG | DIRECTOR Trustee or director | 1 | $0 | $0 |
| FRANK PETTAWAY | VICE CHAIRMAN Trustee or director | 1 | $0 | $0 |
| JEFF NEWCOM | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JOHN GHOLAR | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JOHN HEIN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KAREN CASE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ROBERT MARJAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| SCOTT FERRIS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| TIMOTHY HADRO | DIRECTOR Trustee or director | 1 | $0 | $0 |
| NICK BRUNICK | SECRETARY & GENERAL COUNSEL Officer | 1 | $0 | $0 |
990 for the year ended September 30, 2023: 29 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| STACIE YOUNG | PRESIDENT Trustee or director, Officer | 35 | $286,936 | $23,960 |
| JOHN CRANE | SVP/DIRECTOR OF LENDING Officer | 39 | $253,638 | $40,748 |
| MICHAEL CIACCIA | TREASURER/CFO Officer | 35 | $225,023 | $45,373 |
| JONAH HESS | CII VICE PRESIDENT Officer | 1 | $185,015 | $25,766 |
| DUNNIE COSEY-GAY | VP PROGRAM MANAGER Officer | 40 | $143,789 | $39,855 |
| RENE BARAZZA | CONSTRUCTION MANAGER Highest-paid employee | 40 | $135,782 | $39,292 |
| ANTHONY HAWTHORNE | LOAN OFFICER Highest-paid employee | 40 | $134,222 | $40,623 |
| ANNE COLE | VP-DIRECTOR OF COMMUNICATIONS Highest-paid employee | 40 | $143,599 | $29,527 |
| PHILLIP MOORE | VP/DIRECTOR OF CREDIT ADMIN Officer | 40 | $154,199 | $12,957 |
| TOMMY JACKSON | LOAN OFFICER Highest-paid employee | 40 | $147,823 | $11,125 |
| GIUSEPPE PAPAVERO | CONTROLLER Officer | 39 | $136,274 | $18,543 |
| MONICA KIRBY | ASSISTANT SECRETARY Officer | 39 | $77,625 | $15,936 |
| DAVID DYKSTRA | CHAIRMAN Trustee or director | 1 | $0 | $0 |
| FRANK PETTAWAY | VICE CHAIRMAN Trustee or director | 1 | $0 | $0 |
| KAREN CASE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| COLLETE ENGLISH DIXON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| SCOTT FERRIS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| VICKY ARROYO | DIRECTOR Trustee or director | 1 | $0 | $0 |
| TIMOTHY HADRO | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JOHN HEIN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ROBERT MARJAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ANGIE MARKS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JEFF NEWCOM | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MITCH FEIGER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ANDREW SALK | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DANIEL WATTS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| R PATRICIA KELLY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| THURMAN SMITH | DIRECTOR Trustee or director | 1 | $0 | $0 |
| NICK BRUNICK | SECRETARY & GENERAL COUNSEL Officer | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 222 S RIVERSIDE PLZ STE 380, CHICAGO, IL 60606-7801
- Principal officer (990 for 2024)
- STACIE A YOUNG, 222 S RIVERSIDE PLAZA 380, CHICAGO, IL 60606
- Signed the 990
- MICHAEL G CIACCIA, TREASURER/CFO
- Phone
- (312) 258-0070
- Website
- WWW.CICCHICAGO.COM
- Return prepared by
- PLANTE & MORAN PLLC
Mission
COMMUNITY INVESTMENT CORPORATION (CIC) IS A NOT-FOR-PROFIT 501(C)(3) CORPORATION. INCORPORATED IN 1973, CIC'S MISSION IS TO BE THE LEADING FORCE IN NEIGHBORHOOD REVITALIZATION THROUGH INNOVATIVE FINANCIAL PROGRAMS. IN PURSUIT OF THIS MISSION, CIC HAS BECOME THE LEADING LENDER FOR THE ACQUISITION, REHABILITATION, AND PRESERVATION OF AFFORDABLE RENTAL HOUSING THROUGHOUT THE CHICAGO METROPOLITAN AREA. CIC PROVIDES ONE OF THE VERY FEW SOURCES OF CAPITAL FOR REDEVELOPING AND MAINTAINING AFFORDABLE RENTAL HOUSING, PRIMARILY LOCATED IN LOW AND MODERATE-INCOME COMMUNITIES. CIC EXERCISES SOUND MANAGEMENT AND FISCAL PRUDENCE IN ITS OPERATIONS.
Program accomplishments
- DURING FY 2025, CIC CLOSED 59 LOANS FOR A TOTAL OF $49.2 MILLION UNDER THE MULTIFAMILY LOAN PROGRAM. THESE LOANS FINANCED THE ACQUISITION AND REHAB OF 962 RESIDENTIAL AND 27 COMMERCIAL UNITS. ALL LOANS CARRIED A 10-YEAR TERM AND MOST LOANS HAD A 25-YEAR AMORTIZATION. IN TOTAL, AT THE CLOSE OF FY 2025, CIC'S MULTIFAMILY LOAN PROGRAM PORTFOLIO STANDS AT $177.2 MILLION OF NOTES SOLD TO INVESTORS.Expenses $17,947,270 · revenue $20,978,665
- IN FY 2018, CIC AND THE PRESERVATION COMPACT SECURED $34 MILLION TO CREATE THE OPPORTUNITY INVESTMENT FUND (OIF), AN INNOVATIVE, STREAMLINED VEHICLE TO FINANCE MULTIFAMILY RENTAL BUILDINGS AND CREATE AFFORDABLE HOUSING IN HIGH COST NEIGHBORHOODS. OIF PROVIDES EXISTING, FUNCTIONING MULTIFAMILY RENTAL BUILDINGS WITH LOW-COST MEZZANINE DEBT. IN RETURN, OWNER WILL KEEP 20% OF THEIR UNITS AFFORDABLE FOR 15 YEARS. BOTH NON-PROFIT AND FOR-PROFIT OWNERS WILL BE ABLE TO USE OIF. OWNERS MAY CHOOSE TO USE HOUSING CHOICE VOUCHERS OR OTHER TYPES OF OPERATING SUBSIDY TO HELP OFFSET REDUCED RENTS FOR THE AFFORDABLE UNITS. IN FY 2025, CIC CLOSED SIX LOANS FOR $1.6 MILLION IN OIF MEZZANINE DEBT. IN ADDITION, CIC CLOSED SIX FIRST MORTGAGES FOR $8.8 MILLION AS PART OF THE OIF TRANSACTIONS. THESE LOANS WERE FOR BUILDINGS WITH A TOTAL OF 230 UNITS OF MIXED-INCOME HOUSING, OF WHICH 46 UNITS ARE AFFORDABLE TO HOUSEHOLDS AT 50% AMI. OVERALL, SINCE INCEPTION, $14.4 MILLION IN OIF LOANS HAVE BEEN CLOSED, AND CIC HAS PROVIDED $63.8 MILLION IN ASSOCIATED FIRST MORTGAGE FINANCING.Expenses $771,926 · revenue $686,194
- SINGLE-FAMILY RENTAL PROPERTY LOANS: THIS PROGRAM WOUND DOWN EFFECTIVE IN MARCH 2025. SINCE THE INCEPTION OF THIS PROGRAM 9 YEARS AGO, CIC HAS CLOSED 84 LOANS FOR $47.8 MILLION TOTALING 796 RESIDENTIAL UNITS.Expenses $578,944 · revenue $916,925
- CIC FORMED CEPF, LLC (CEPF), A SINGLE-MEMBER LIMITED LIABILITY COMPANY TO MAKE REAL ESTATE INVESTMENTS THROUGH JOINT VENTURES OF MULTIFAMILY RENTAL AND/OR FOR-SALE RESIDENTIAL PROJECTS IN LOW- AND MODERATE-INCOME COMMUNITIES.0
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 September, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | September 30, 2026 | February 15, 2027 | Not due yet |
| 2024 | September 30, 2025 | February 16, 2026 | 990 on file |
| 2023 | September 30, 2024 | February 17, 2025 | 990 on file |
IRS record
- EIN
- 36-2780862
- 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
- 1974
- Accounting year ends
- September
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L200)
- Assets (IRS master file)
- $374,723,321
- Income (IRS master file)
- $24,834,893
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | September 2025 | $24,834,893 | $22,703,696 | $374,723,321 | XML |
| 990 | September 2024 | $38,598,910 | $21,051,270 | $349,185,880 | XML |
| 990 | September 2023 | $17,601,990 | $17,704,023 | $316,503,327 | XML |
| 990 | September 2022 | $18,564,820 | $16,927,370 | $313,725,284 | IRS |
| 990 | September 2021 | – | – | – | IRS |
| 990 | September 2020 | – | – | – | IRS |
| 990 | September 2019 | – | – | – | IRS |
| 990 | September 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 36-2780862).
Questions about COMMUNITY INVESTMENT CORP
- What is the EIN of COMMUNITY INVESTMENT CORP?
- The employer identification number (EIN) of COMMUNITY INVESTMENT CORP is 36-2780862.
- Is COMMUNITY INVESTMENT CORP tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1974.
- Are donations to COMMUNITY INVESTMENT CORP tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does COMMUNITY 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 COMMUNITY INVESTMENT CORP due?
- The return for tax year 2025 (the year ending September 30, 2026) is due February 15, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did COMMUNITY INVESTMENT CORP last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended September 2025.
- Who is the principal officer of COMMUNITY INVESTMENT CORP?
- The 990 for the year ended September 30, 2025 names STACIE A YOUNG.
- Who are the officers and directors of COMMUNITY INVESTMENT CORP?
- The 990 for the year ended September 30, 2025 lists 29 people; 11 received compensation from the organization, the highest $346,087 (STACIE YOUNG, PRESIDENT).
- How much revenue does COMMUNITY INVESTMENT CORP have?
- On its 990 for the year ended September 30, 2025 it reported revenue of $24,834,893, expenses of $22,703,696 and total assets of $374,723,321 at year end.
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