CALVERT IMPACT INC | CIC CHARITABLE INC

BETHESDA, MD | Montgomery County
Economic Development
CALVERT IMPACT INC | CIC CHARITABLE INC
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As of , this nonprofit no longer meets findCRA's qualification requirements and will no longer appear in CQ search results.

Reason for disqualification:

Overview

CALVERT IMPACT INC | CIC CHARITABLE INC
86-3134806
7550 WISCONSIN AVE STE 800
BETHESDA, MD 20814
Montgomery County
(800) 248-0337

info@calvertimpact.org
Mission Statement info

MAKE IMPACT INVESTABLE SUCH THAT CAPITAL FLOWS TO THE SOLUTIONS PEOPLE AND PLANET NEED.

CRA Category info
  • Economic Development
Nonprofit location info
  • This nonprofit is not located in any CRA geographies.
Awards & Certifications info
  • This nonprofit has not received any CRA awards or certifications.
Founded info
2021
Total Employees info
60
Total Volunteers info
0
Nonprofit Classification (NTEE Code) info
S30

S - Community Improvement, Capacity Building

Economic Development

Organizations whose primary purpose is to stimulate the economy, expand employment opportunities, encourage the establishment and growth of commerce and industry and otherwise enhance the economic development of the community.

IRS Activity Codes info
-
Not reported
-
Not reported
-
Not reported
Standard Business Classification (NAICS Code) info
813410
Civic and Social Organizations
Targeted Clients info
  • Economically Disadvantaged
  • Entrepreneurs
  • Families
  • First-Time Homebuyers
  • Homeless
  • Immigrants or Refugees
  • People Needing Credit Counseling
  • Inmates or Ex-Offenders
  • Minority Individuals
  • Minority-Owned Businesses
  • Native Americans
  • Nonprofits
  • Rural Residents
  • Small Businesses
  • Tribal Organizations
  • Underbanked or Unbanked
  • Women
CRA Income Characteristics info
  • Low-Income
  • Moderate-Income
  • People Living Below Poverty Level

CRA Alignment

CRA Category info
Economic Development
Workforce development, job training, and small business or startup support.
80%
Percent LMI Served info
as reported by the nonprofit
What does it mean for a nonprofit to be CRA aligned?
Each nonprofit on Community Qualifier has been reviewed by findCRA utilizing a dual evaluation process. Nonprofits are first evaluated by our proprietary algorithm, CRANIA, and then further validated by our CRA experts. When nonprofit passes both parts of this review, we create a nonprofit profile for them on Community Qualifier. From there, a nonprofit can claim their profile and add additional information including their programs & services, counties served, targeted clients and income groups and more.
LOWHIGH
LOWHIGH
LOWHIGH
LOWHIGH
Programs & Services info
Community Investment Note
Fixed income vehicle supporting community-based organizations serving LMI populations nationally and internationally across nine portfolio impact sectors that can be targeted by investors: affordable housing, community development, education, environmental sustainability, health, microfinance, renewable energy, small business, and sustainable agriculture.
Targeted Clients info
  • Economically Disadvantaged
  • Families
  • Minority Individuals
  • Minority-Owned Businesses
  • Nonprofits
  • People outside the U.S.
  • Small Businesses
  • Underbanked or Unbanked
  • Women
  • Women-Owned Businesses
CRA Income Characteristics info
  • Low-Income
  • Moderate-Income
  • People Living Below Poverty Level
Mission Driven Bank Fund
Public welfare fund providing flexible financing, technical assistance, and impact measurement support to Minority Depository Institution (MDI) and Community Development Financial Institution (CDFI) banks to address the racial wealth gap. The Fund was encouraged by the FDIC, anchored by Microsoft and Truist, and co-managed by Elizabeth Park Capital Management and Calvert Impact.
Targeted Clients info
  • Economically Disadvantaged
  • Minority Individuals
  • Minority-Owned Businesses
  • Native Americans
  • Small Businesses
  • Underbanked or Unbanked
CRA Income Characteristics info
  • Low-Income
  • Moderate-Income
Access Small Business Program
The Access Small Business program leverages State Small Business Credit Initiative (SSBCI) funds to bring affordable financing and technical assistance to un- and under-banked small businesses through a networks of CDFIs.
Targeted Clients info
  • Minority-Owned Businesses
  • Small Businesses
  • Women-Owned Businesses
CRA Income Characteristics info
  • Low-Income
  • Moderate-Income
Awards & Certifications info
Community Development Financial Institution info
Community Development Financial Institution Award Recipient info
New Market Tax Credit Recipient info
HUD Counseling Agency info
Low Income Housing Tax Credit Recipient info

IRS Summary

Income
$9.1M
Revenue
$9.1M
Assets
$53.1M

IRS Business Master File Details info

As of December 2024
Exempt Ruling Date info
2021-10
Deductibility Status info
Deductible
Last Tax Filing info
2023
Organization Type info
Corporation
Organization Tax Filing Status info
990 (all other) or 990EZ return
Foundation Tax Filing Status info
990-PF not required by IRS
Affiliation Classification info
Independent Organization
Basis for Foundation/Public Charity Status info
Organization which receives a substantial part of its support from a governmental unit or the general public 170(b)(1)(A)(vi)

IRS Publication 78 Details info

As of December 2024
Verified in Publication 78 info
Yes
Deductibility Limitation info
50% (60% for cash contributions)
Organization Description info
A public charity

IRS Form 990 Returns info

Through December 2024
Tax period ending in
2022-12
PDF
990
E-File
990
XML
990

Nonprofit Location

Physical Address info
7550 WISCONSIN AVE STE 800
BETHESDA, MD 20814
Montgomery County
Area Type info
Metropolitan Statistical Area
FIPS Geocoded Address info
23224
MSA/MD info
24
State info
031
County info
7048.05
Tract info
Upper
Income Level info
Core-Based Statistical Area info
47900 - Washington-Arlington-Alexandria, DC-VA-MD-WV
Combined Statistical Area info
548 - Washington-Baltimore-Arlington, DC-MD-VA-WV-PA
Metropolitan Division info
23224 - Frederick-Gaithersburg-Rockville, MD
Located In info
Low- or Moderate-Income Census Tract info
Opportunity Zone info
Majority Minority Census Tract info 39.16%
FFIEC Distressed Census Tract info
FFIEC Underserved Census Tract info
Geographies Served info
  • AR - Baxter County
  • AR - Craighead County
  • AR - Franklin County
  • AR - Fulton County
  • AR - Independence County
  • AR - Izard County
  • AR - Sharp County
  • AR - Washington County
  • CA - San Diego County
  • FL - Broward County
  • FL - Miami-Dade County
  • FL - Palm Beach County
  • GA - Gwinnett County
  • LA - Bienville Parish
  • LA - Bossier Parish
  • LA - Caddo Parish
  • LA - Grant Parish
  • LA - Natchitoches Parish
  • LA - Rapides Parish
  • LA - Sabine Parish
  • MO - Christian County
  • MO - Greene County
  • MO - Henry County
  • MO - Howell County
  • MO - Wright County
  • OK - Tulsa County
  • TX - Angelina County

Market Data

Census Tract County
7048.05 Montgomery County
Population
Total Population 2,679 1,056,910
Total Households 1,241 385,284
Income
Median Income* $177,857 $125,583
Median Family Income (2024 FFIEC est.) $155,800 $155,800
Tract Income Percentage 137.77% N/A
Below Poverty Level 7.0% 7.2%
Unemployment Level 0.9% 4.8%
Housing
Total Housing Units 1,446 403,643
Total Owner-Occupied Units 15.1% 65.5%
Total Renter-Occupied Units 70.7% 34.5%
Total Vacant Units 14.2% 4.9%
* Census Tract Median Income based on 2020 Tract Median Family Income as reported in the 2024 FFIEC Census Flat File. County Income based on Median Household Income as reported in the 2022 American Community Survey.
View more than 200 performance context data points for this county now.

Management

Not reported
Total Voting Members
in Governing Body info
Not reported
Independent Voting Members
in Governing Body info
Tax Filing Signatory info
Not reported by nonprofit.
Principal Officer info
Not reported by nonprofit.
findCRA Profile Owner
Justin Conway
Chief Product & Partnerships Officer
jconway@calvertimpact.org
Key Policies & Documents info
Written Conflict of Interest Policy
Written Document Retention & Destruction Policy
Written Whistleblower Policy
CEO Compensation Review Process
Written Minutes of Board Meetings
Financial Statements & Reporting info
Compiled or Reviewed by an Independent Accountant
Audited by an Independent Accountant
Included in Consolidated Financial Statements
Internal Audit Committee Review
Federal Grant Audit Required
Federal Grand Audit Performed
Organization Activities info
Provides Credit Counseling
Conducts Gaming Activities
Engages in Lobbying Activities
Engages in Political Activities
Makes Grants to Individuals
Makes Grants to Organizations

Information in this section is not available as the nonprofit did not e-file their tax return. As such, the hyphens (“-“) in this section indicate that the information was not available.

PDFs of this nonprofit's tax filings are included in the IRS Summary section above, when available from the IRS.

This Nonprofit Profile was created using data available from publicly available government and industry sources, our own research, and information provided directly the nonprofit organization. Whenever possible, we utilize the most recent information available including information as made public by the Internal Revenue Service, U.S. Census Bureau, Federal Financial Institutions Examination Council, and more. The format and design of this Nonprofit Profile is ©findCRA. For more information about our Nonprofit Profiles, please visit help.findcra.com.