Nonprofit · EIN 86-0837146
COMMUNITY INVESTMENT CORPORATION
Tax-exempt · TUCSON, AZ 85719
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $3,120,404 | $3,650,159 | -$529,755 | $5,829,684 | $3,085,358 | $2,744,326 |
| December 31, 2023 | 990 | $2,069,939 | $3,095,091 | -$1,025,152 | $6,396,809 | $3,122,715 | $3,274,094 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $2,311,332
- of which government grants
- $1,305,945
- Program service revenue
- $705,908
- Investment income
- $102,992
- Other revenue
- $172
Expenses
- Grants and similar amounts paid
- $1,597,597
- Compensation of officers, directors and key employees
- $325,875
- Other salaries and wages
- $967,811
- Salaries, compensation and benefits (total)
- $1,528,130
- Professional fundraising fees
- $0
- Legal fees
- $44,870
- Accounting fees
- $24,908
- Travel
- $7,424
- Depreciation
- $11,316
- Program services (functional)
- $3,107,640
- Management and general (functional)
- $542,519
Balance sheet and other
- Total assets, start of year
- $6,396,809
- Total assets, end of year
- $5,829,684
- Total liabilities, end of year
- $3,085,358
- Net assets, end of year
- $2,744,326
- Land, buildings and equipment
- $330,724
- Publicly traded securities
- $1,357,820
- Net assets without donor restrictions
- $2,652,769
- Net assets with donor restrictions
- $91,557
- Gross receipts
- $3,120,404
- Employees
- 21
- Volunteers
- 3
- Year formed
- 1996
- State of legal domicile
- AZ
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 December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DANIEL KNEE | EXECUTIVE DI Officer | 40 | $134,262 |
| CAROLINE NELSON | CHIEF OPERAT Officer | 40 | $111,368 |
| BETTY VINALL | CHIEF BUSINE Officer | 40 | $80,245 |
| JOHN PAYNE | CHAIR Trustee or director, Officer | 10 | $0 |
| KEN SILVERMAN | TREASURER Trustee or director, Officer | 10 | $0 |
| JEFF SINGLETON | SECRETARY Trustee or director, Officer | 10 | $0 |
990 for the year ended December 31, 2023: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DANIEL KNEE | EXECUTIVE DI Officer | 40 | $141,399 |
| CAROLINE NELSON | CHIEF OPERAT Officer | 40 | $102,781 |
| NICHOLAS HENRY | CHIEF STRATE Officer | 40 | $91,092 |
| JOHN H PAYNE | PRESIDENT Trustee or director, Officer | 10 | $0 |
| STEVEN RUSSO | CORPORATE CO Trustee or director | 10 | $0 |
| KENNETH M SILVERMAN | TREASURER Trustee or director, Officer | 10 | $0 |
| JEFF SINGLETON | SECRETARY Trustee or director, Officer | 10 | $0 |
Address and contacts
- Address (IRS master file)
- 2033 E GRANT RD, TUCSON, AZ 85719-3410
- Principal officer (990 for 2024)
- DANIEL KNEE, 2033 E GRANT RD, TUCSON, AZ 85719
- Signed the 990
- DANIEL KNEE, EXECUTIVE DIRECTOR
- Phone
- (520) 529-1766
- Return prepared by
- WALKER & ARMSTRONG LLP
Mission
TO CREATE A BETTER LIFE FOR THE RESIDENTS OF OUR COMMUNITY THROUGH VARIOUS PROGRAMS TARGETING ECONOMIC DEVELOPMENT OPPORTUNITIES. TO SECURE STRATEGIC INVESTMENTS IN OUR COMMUNITIES THAT SERVE PUBLIC PURPOSE, ENHANCE EMPLOYMENT OPPORTUNITIES, AND LEVERAGE ITS CAPITAL WITH A REASONABLE RATE OF RETURN.
Program accomplishments
- CIC PROVIDED LOANS AND FINANCIAL ASSISTANCE IN PIMA COUNTY AND THE INTERCONNECTED REGIONAL ECONOMY OF SOUTHERN ARIZONA TO BUSINESSES THAT WERE UNABLE TO OBTAIN SUCH THROUGH AND/OR THAT HAVE BEEN HISTORICALLY UNDERSERVED BY TRADITIONAL CAPITAL ACCESS INSTITUTIONS. LOANS WERE MADE, GENERALLY AT BELOW MARKET INTEREST RATES, ON THE BASIS OF SERVING THE PUBLIC PURPOSE OF SUPPORTING LOCAL AND REGIONAL ECONOMIC DEVELOPMENT WHICH INCLUDES BUSINESS AND EMPLOYMENT CREATION/RETENTION.Expenses $603,071 · revenue $746,723
- CIC'S HOME OWNERSHIP SUPPORT SERVICES EMPOWER FIRST-TIME HOMEBUYERS ACROSS ARIZONA, PARTICULARLY IN PIMA COUNTY, BY PROVIDING ESSENTIAL FINANCIAL ASSISTANCE. THROUGH OUR MORTGAGE CREDIT CERTIFICATE (MCC) PROGRAM, INCOME- QUALIFIED BUYERS CAN REDUCE THEIR ANNUAL MORTGAGE INTEREST BY CLAIMING UP TO 2,000 AS A FEDERAL TAX CREDIT. THIS BENEFIT IS RENEWABLE EACH YEAR, ADDING UP TO POTENTIAL SAVINGS OF OVER 50,000 ACROSS THE LIFE OF THE MORTGAGE. THE MCC PROGRAM IS FUNDED BY THE PIMA COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY. IN ADDITION TO THE MCC PROGRAM, WE ADMINISTER DOWN PAYMENT ASSISTANCE PROGRAMS IN TUCSON AND PIMA COUNTY. CIC ALSO SERVES AS THE FISCAL AGENT FOR CITY OF TUCSON PROCESSING PAYMENTS FOR CONTRACTS THAT SUPPORT WORK FOR HOMELESSNESS DIVERSION AND PREVENTION.Expenses $2,007,469 · grants $1,597,597 · revenue $1,853,920
- CIC'S BOND COMPLIANCE PROGRAM SERVED 61 DIFFERENT PUBLIC SCHOOLS OR SCHOOL NETWORKS THROUGH 75 SEPARATE BOND AGREEMENTS GENERATING NEARLY 210,000 IN REVENUES. BOND COMPLIANCE SERVICES CONSIST OF SUPPORTING BOND RECIPIENTS (SCHOOLS) WITH THEIR CONTRACTUAL OBLIGATIONS TO PROVIDE CONTINUING DISCLOSURE INFORMATION TO THE ELECTRONIC MUNICIPAL MARKET ACCESS (EMMA) WEBSITE. THESE DISCLOSURES SERVE AN ESSENTIAL ROLE FOR A PROPERLY AND EFFICIENTLY FUNCTIONING BOND MARKET BY ENHANCING TRANSPARENCY FOR INVESTORS AND IN THE BOND MARKET AT LARGE, AS WELL AS HELPING PRESERVE/ENHANCE SCHOOLS' BOND RATINGS. CIC ALSO MAINTAINS THE "MY SCHOOLS" WEBSITE AND DOES OUTREACH TO PRESCHOOL PARENTS TO ASSIST WITH FINDING THE BEST SCHOOL TO FIT THE CHILD'S NEEDS.Expenses $497,100 · revenue $237,766
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 December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 86-0837146
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization (509(a)(3))
- Donations deductible (Pub 78)
- Supporting organization of unknown type
- Exempt since
- 1997
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S31Z)
- Assets (IRS master file)
- $5,829,684
- Income (IRS master file)
- $3,120,404
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $3,120,404 | $3,650,159 | $5,829,684 | IRS |
| 990 | December 2023 | $2,069,939 | $3,095,091 | $6,396,809 | XML |
| 990 | December 2022 | $29,133,218 | $30,957,943 | $7,216,465 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 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 86-0837146).
Questions about COMMUNITY INVESTMENT CORPORATION
- What is the EIN of COMMUNITY INVESTMENT CORPORATION?
- The employer identification number (EIN) of COMMUNITY INVESTMENT CORPORATION is 86-0837146.
- Is COMMUNITY INVESTMENT CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1997.
- Are donations to COMMUNITY INVESTMENT CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization of unknown type).
- Which annual return does COMMUNITY INVESTMENT CORPORATION 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 CORPORATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did COMMUNITY INVESTMENT CORPORATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of COMMUNITY INVESTMENT CORPORATION?
- The 990 for the year ended December 31, 2024 names DANIEL KNEE.
- Who are the officers and directors of COMMUNITY INVESTMENT CORPORATION?
- The 990 for the year ended December 31, 2024 lists 6 people; 3 received compensation from the organization, the highest $134,262 (DANIEL KNEE, EXECUTIVE DI).
- How much revenue does COMMUNITY INVESTMENT CORPORATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $3,120,404, expenses of $3,650,159 and total assets of $5,829,684 at year end.
Other nonprofits in TUCSON
- TMC HOLDINGS INC EIN 86-0441785 · last filed 990 for 2024
- THE WOMENS FOUNDATION FOR THE STATE OF ARIZONA EIN 31-1660702 · last filed 990 for 2025
- TUCSON CONQUISTADORES EIN 20-2132844 · last filed 990 for 2025
- IMPACT OF SOUTHERN ARIZONA EIN 86-0968242 · last filed 990 for 2025
- THE CHAMBER OF SOUTHERN ARIZONA INC EIN 20-2430213 · last filed 990 for 2025
- GROWTH PARTNERS ARIZONA EIN 45-5021995 · last filed 990 for 2025
- PPEP MICROBUSINESS AND HOUSING DEVELOPMENT CORPORATION EIN 86-0326269 · last filed 990 for 2025
- SOUTHERN ARIZONA LAND TRUST INC EIN 26-2948288 · last filed 990 for 2024
All nonprofits in TUCSON · Arizona · Community improvement and capacity building