COMMUNITY INVESTMENT CORP
CHICAGO, IL | Cook County
Revitalization/Stabilization
Overview
COMMUNITY INVESTMENT CORP
36-2780862
222 S RIVERSIDE PLZ STE 380
CHICAGO, IL 60606
Cook County
CHICAGO, IL 60606
Cook County
Mission Statement
This nonprofit has not reported a mission statement.
CRA Category
- Revitalization/Stabilization
Nonprofit location
- Majority Minority Census Tract
Awards & Certifications
- CDFI Organization
- CDFI Award Recipient
Founded
Not reported
Total Employees
Not reported
Total Volunteers
Not reported
Nonprofit Classification (NTEE Code)
L20
L - Housing, Shelter
Housing Development, Construction & Management
Organizations that build, rehabilitate, manage and/or provide rental housing for low-income individuals and families, older adults and people with disabilities; or which make purchasable housing available to low or moderate income families by offering lower priced housing and/or affordable payment plans, by arranging for interest or mortgage subsidies or by involving eventual owners in the construction process (sweat equity). Use this code for organizations that provide housing services for a wide range of individuals or for those that offer housing options for low income tenants that are not specified below.
IRS Activity Codes
402
Other activity aimed at combating community deterioration
398
Instruction and guidance on housing
-
Not reported
Standard Business Classification (NAICS Code)
624229
Other Community Housing Services
CRA Alignment
CRA Category
Revitalization/Stabilization
Community and economic development in distressed, underserved or disadvantaged areas.
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
Community Development Financial Institution
Date Certified
9/17/2013
Native American CDFI
N
Financial Institution Type
Loan Fund
Community Development Financial Institution Award Recipient
New Market Tax Credit Recipient
| Year | Amount | Program | Awardee Name |
| 2016 | $3,100,000 | Capital Magnet Fund | Community Investment Corporation |
| 2013 | $1,347,000 | CDFI Financial Assistance | Community Investment Corporation |
| 2014 | $750,000 | CDFI Financial Assistance | Community Investment Corporation |
| 2015 | $1,250,000 | CDFI Financial Assistance | Community Investment Corporation |
| 2017 | $686,500 | CDFI Financial Assistance | Community Investment Corporation |
| 2018 | $875,000 | CDFI Financial Assistance | Community Investment Corporation |
| 2019 | $565,000 | CDFI Financial Assistance | Community Investment Corporation |
| 2021 | $525,000 | CDFI Financial Assistance | Community Investment Corporation |
| 2021 | $1,826,265 | CDFI Rapid Response Program (COVID-19) | Community Investment Corporation |
Includes CDFI Fund awards granted between January 2013 and December 2023
HUD Counseling Agency
Low Income Housing Tax Credit Recipient
IRS Summary
Income
$31.6M
Revenue
$31.6M
Assets
$332.7M
IRS Business Master File Details
As of November 2022 Update
Exempt Ruling Date
1974-11
Deductibility Status
Deductible
Last Tax Filing
2021
Organization Type
Corporation
Organization Tax Filing Status
990 (all other) or 990EZ return
Foundation Tax Filing Status
990-PF not required by IRS
Affiliation Classification
Independent Organization
Basis for Foundation/Public Charity Status
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
As of April 2023
Verified in Publication 78
Yes
Deductibility Limitation
50% (60% for cash contributions)
Organization Description
A public charity
Nonprofit Location
Physical Address
222 S RIVERSIDE PLZ STE 380
CHICAGO, IL 60606
Cook County
CHICAGO, IL 60606
Cook County
Area Type
Metropolitan Statistical Area
FIPS Geocoded Address
16984
MSA/MD
17
State
031
County
2819.00
Tract
Upper
Income Level
Core-Based Statistical Area
16980 - Chicago-Naperville-Elgin, IL-IN-WI
Combined Statistical Area
176 - Chicago-Naperville, IL-IN-WI
Metropolitan Division
16984 - Chicago-Naperville-Evanston, IL
Located In
Low- or Moderate-Income Census Tract
Opportunity Zone
Majority Minority Census Tract
53.58%
FFIEC Designated Distressed Census Tract
FFIEC Underserved Census Tract
Market Data
| Census Tract | County | |
|---|---|---|
| 2819.00 | Cook County | |
| Population | ||
| Total Population | 7,031 | 5,265,398 |
| Total Households | 3,769 | 2,044,658 |
| Income | ||
| Median Family Income (Census*) | $138,429 | $72,121 |
| Median Family Income (2022 FFIEC est.) | $105,700 | $105,700 |
| Tract Income Percentage | 149.45% | N/A |
| Below Poverty Level | 9.0% | 13.5% |
| Unemployment Level | 1.3% | 7.3% |
| Housing | ||
| Total Housing Units | 4,341 | 2,253,936 |
| Total Owner-Occupied Units | 29.1% | 57.5% |
| Total Renter-Occupied Units | 57.8% | 42.5% |
| Total Vacant Units | 13.2% | 7.2% |
* Census tract income based on 2020 Census estimated data; County income based on 2021 American Community Survey data.
Management
14
Total Voting Members
in Governing Body
in Governing Body
13
Independent Voting Members
in Governing Body
in Governing Body
Tax Filing Signatory
Michael G Ciaccia
Treasurer
Treasurer
Principal Officer
John G Markowski
findCRA Profile Owner
Nonprofit profile has not yet been claimed
Key Policies & Documents
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
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
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.
Invite this nonprofit to claim its profile
Send them a direct email request from you.
close
Email this nonprofit
Update or use the text below to send an email directly to this nonprofit.
close
Request an introduction
Let us introduce you to this nonprofit organization.
close
Submit your feedback
Contact us to ask a question or provide feedback on this nonprofit.
close
Use the spaces below to describe your feedback or question about this specific nonprofit profile including:
- Asking questions about the nonprofit itself
- Gaining clarity on the information in the nonprofit profile
- Reporting issues with data formatting or missing data