RIVER CITY CAPITAL INVESTMENT CORP

MEMPHIS, TN | Shelby County
Revitalization/Stabilization
RIVER CITY CAPITAL INVESTMENT CORP
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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

RIVER CITY CAPITAL INVESTMENT CORP
27-3941432
119 SOUTH COURT SQUARE
MEMPHIS, TN 38103
Shelby County
(901) 545-5641

ron@rivercitycapital.org
  • linkedin
Mission Statement info

TO ACCELERATE SHARED PROSPERITY AND REVITALIZATION IN UNDERSERVED COMMUNITIES THROUGH THE PROVISION OF CAPITAL IN MEMPHIS AND SHELBY COUNTY.

CRA Category info
  • Revitalization/Stabilization
Nonprofit location info
  • This nonprofit is not located in any CRA geographies.
Awards & Certifications info
  • CDFI Organization
  • CDFI Award Recipient
Founded info
2010
Total Employees info
3
Total Volunteers info
2
Nonprofit Classification (NTEE Code) info
S20

S - Community Improvement, Capacity Building

Community & Neighborhood Development

Organizations that focus broadly on strengthening, unifying and building the economic, cultural, educational and social services of an urban community or neighborhood. Use this code for community and neighborhood improvement organizations other than those specified below.

IRS Activity Codes info
-
Not reported
-
Not reported
-
Not reported
Standard Business Classification (NAICS Code) info
813410
Civic and Social Organizations
Targeted Clients info
  • Entrepreneurs
  • Minority-Owned Businesses
  • Nonprofits
  • Small Businesses
CRA Income Characteristics info
  • Low-Income
  • Moderate-Income

CRA Alignment

CRA Category info
Revitalization/Stabilization
Community and economic development in distressed, underserved or disadvantaged areas.
98%
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
Low Cost Small Business Lending Up To $250,000
Local CDFI based in Memphis, TN
Targeted Clients info
  • Economically Disadvantaged
  • Entrepreneurs
  • Minority-Owned Businesses
  • Small Businesses
  • Women-Owned Businesses
CRA Income Characteristics info
  • Low-Income
  • Moderate-Income
Technical Assistance for LMI entrepreneurs
Business support services for LMI entrepreneurs to bolster readiness for capital
Targeted Clients info
  • Economically Disadvantaged
  • Entrepreneurs
  • Minority-Owned Businesses
  • Small Businesses
  • Women-Owned Businesses
CRA Income Characteristics info
  • Low-Income
  • Moderate-Income
Awards & Certifications info
Community Development Financial Institution info
Date Certified info
-
Native American CDFI info
N
Financial Institution Type info
Loan Fund
Community Development Financial Institution Award Recipient info
New Market Tax Credit Recipient info
YearAmountProgramAwardee Name
2017 $384,000 CDFI Financial Assistance open_in_new River City Capital Investment Corporation
2019 $225,000 CDFI Financial Assistance open_in_new River City Capital Investment Corporation
2021 $300,000 CDFI Financial Assistance open_in_new River City Capital Investment Corporation
2021 $312,000 CDFI Rapid Response Program (COVID-19) open_in_new River City Capital Investment Corporation

Includes CDFI Fund awards granted between January 2013 and December 2023

HUD Counseling Agency info
Low Income Housing Tax Credit Recipient info

IRS Summary

Income
$6.8M
Revenue
$1M
Assets
$1M

IRS Business Master File Details info

As of March 2025
Exempt Ruling Date info
2013-04
Deductibility Status info
Deductible
Last Tax Filing info
2024
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 March 2025
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
2023-06
PDF
990
E-File
990
XML
990
Tax period ending in
2022-06
E-File
990
XML
990
Tax period ending in
2021-06
E-File
990
E-File
990
XML
990
XML
990
Tax period ending in
2020-06
E-File
990
XML
990
Tax period ending in
2019-06
PDF
990
Tax period ending in
2018-06
PDF
990
PDF
990
E-File
990
E-File
990
XML
990
XML
990
Tax period ending in
2017-06
PDF
990
E-File
990
XML
990
Tax period ending in
2016-06
E-File
990
XML
990

Nonprofit Location

Physical Address info
119 SOUTH COURT SQUARE
MEMPHIS, TN 38103
Shelby County
Area Type info
Metropolitan Statistical Area
FIPS Geocoded Address info
32820
MSA/MD info
47
State info
157
County info
0042.00
Tract info
Upper
Income Level info
Core-Based Statistical Area info
32820 - Memphis, TN-MS-AR
Combined Statistical Area info
368 - Memphis-Clarksdale-Forrest City, TN-MS-AR
Metropolitan Division info
Not located in an MD.
Located In info
Low- or Moderate-Income Census Tract info
Opportunity Zone info
Majority Minority Census Tract info 40.36%
FFIEC Distressed Census Tract info
FFIEC Underserved Census Tract info
Geographies Served info
  • TN - Shelby County

Market Data

Census Tract County
0042.00 Shelby County
Population
Total Population 3,432 922,195
Total Households 2,170 360,590
Income
Median Income* $190,106 $62,337
Median Family Income (2024 FFIEC est.) $83,000 $79,200
Tract Income Percentage 281.05% N/A
Below Poverty Level 9.9% 17.5%
Unemployment Level 3.2% 7.2%
Housing
Total Housing Units 2,586 403,144
Total Owner-Occupied Units 26.6% 54.6%
Total Renter-Occupied Units 57.3% 45.4%
Total Vacant Units 16.1% 8.4%
* 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 2023 American Community Survey.
View more than 200 performance context data points for this county now.

Management

10
Total Voting Members
in Governing Body info
10
Independent Voting Members
in Governing Body info
Tax Filing Signatory info
Luther Mercer
(901) 521-4232
Principal Officer info
Eric Robertson
findCRA Profile Owner
Ron Brooks
President
ron@rivercitycapital.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 extracted from the nonprofit's e-filed tax return and based on answers provided by the nonprofit in their 990 e-filed for the tax period ending on 2022-06.

A hyphen (“-“) in this section indicates that the information was not required by the IRS or not reported by the nonprofit in its tax return e-filing.

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.