CHILDRENS INVESTMENT FUND INC

BOSTON, MA | Suffolk County
Economic Development

Overview

CHILDRENS INVESTMENT FUND INC
04-3105358
18 TREMONT ST STE 500
BOSTON, MA 02108
Suffolk County

Mission Statement info

This nonprofit has not reported a mission statement.

CRA Category info
  • Economic Development
Nonprofit location info
  • This nonprofit is not located in any CRA geographies.
Awards & Certifications info
  • CDFI Organization
  • CDFI Award Recipient
Founded info
Not reported
Total Employees info
Not reported
Total Volunteers info
Not reported
Nonprofit Classification (NTEE Code) info
T99

T - Philanthropy, Voluntarism, and Grantmaking

Philanthropy, Voluntarism & Grantmaking Foundations N.E.C.

Use this code for organizations that clearly provide philanthropy, voluntarism and grantmaking services where the major purpose is unclear enough that a more specific code cannot be accurately assigned.

IRS Activity Codes info
602
Gifts, grants, or loans to other organizations
-
Not reported
-
Not reported
Standard Business Classification (NAICS Code) info
813219
Other Grantmaking and Giving Services

CRA Alignment

CRA Category info
Economic Development
Workforce development, job training, and small business or startup support.
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.
Awards & Certifications info
Community Development Financial Institution info
Date Certified info
5/29/2018
Native American CDFI info
N
Financial Institution Type info
Loan Fund
Community Development Financial Institution Award Recipient info
Most Recent CDFI Award info
2019
$275,000
CDFI Financial Assistance
2018
$300,000
CDFI Financial Assistance
New Market Tax Credit Recipient info
HUD Counseling Agency info
Low Income Housing Tax Credit Recipient info

IRS Summary

Income
$832.2K
Revenue
$832.2K
Assets
$4.9M
Exempt Ruling Date info
2019-03
Deductibility Status info
Deductible
Last Tax Filing info
2020
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
States Where Tax Return is Filed info
MA
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)

Nonprofit Location

Physical Address info
18 TREMONT ST STE 500
BOSTON, MA 02108
Suffolk County
Area Type info
Metropolitan Statistical Area
FIPS Geocoded Address info
14454
MSA/MD info
25
State info
025
County info
0303.02
Tract info
Upper
Income Level info
Core-Based Statistical Area info
14460 - Boston-Cambridge-Newton, MA-NH
Combined Statistical Area info
148 - Boston-Worcester-Providence, MA-RI-NH-CT
Metropolitan Division info
14454 - Boston, MA
Located In info
Low- or Moderate-Income Census Tract info
Opportunity Zone info
Majority Minority Census Tract info 29.50%
FFIEC Designated Distressed Census Tract info
FFIEC Underserved Census Tract info

Market Data

Census Tract County
0303.02 Suffolk County
Population
Total Population 1,844 801,162
Total Households 887 312,978
Income
Median Family Income (Census*) $250,001 $74,881
Median Family Income (2022 FFIEC est.) $129,500 N/A
Tract Income Percentage 222.01% N/A
Below Poverty Level 19.5% 17.4%
Unemployment Level 11.6% 6.8%
Housing
Total Housing Units 1,303 341,231
Total Owner-Occupied Units 6.1% 36.3%
Total Renter-Occupied Units 61.9% 63.7%
Total Vacant Units 31.9% 4.6%
* Census tract income based on 2020 Census estimated data; County income based on 2020 American Community Survey data.
View more than 200 performance context data points for this county now.

Management

15
Total Voting Members
in Governing Body
info
15
Independent Voting Members
in Governing Body
info
Tax Filing Signatory info
Peg Sprague
Board President
(617) 727-5944
Principal Officer info
Peg Sprague
findCRA Profile Owner
Nonprofit profile has not yet been claimed
Key Policies & Documents info
Written Conflict of Interest Policy
Written Document Retention & Destruction Policy
Written Wistleblower 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
IRS Reported Activities info
Provides Credit Counseling
Conducts Gaming Activities
Engages in Lobbying Activities
Engages in Political Activities
Makes Grants to Individuals
Makes Grants to Organizations

"NA" in this section indicates that the information was not available in the nonprofit's most recent IRS tax filing.

This Nonprofit Profile was automatically created by findCRA based on data available from publicly available government and industry sources and our own research. This Nonprofit Profile is not currently maintained by, endorsed by, or affiliated with this nonprofit. 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 www.learncra.com.