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EIN 75-2252981

Denison Community Investment Corporation

IRS 501(c) type
501(c)(3)
Num. employees
0
City
Denison
State
Texas
Year formed
1988
Most recent tax filings
2022-12-01
NTEE code, primary
S30: Economic Development
Description
Denison Community Investment Corporation administers economic development funds received from the Union Pacific Railroad and provides a low-interest rate loan program for Denison businesses to acquire property or equipment. The corporation offers low-interest long-term loans to provide economic development in the city of Denison, Texas. As of 12/31/2022, outstanding loans amounting to $1,150,800 are being serviced by the corporation.
Total revenues
$44,287
2022
Total expenses
$14,784
2022
Total assets
$1,727,962
2022
Num. employees
0
2022

Program areas at Denison Community Investment Corporation

Services provided were low-interest long-term loans to provide economic development in the city of Denison Texas. Loans in the amount of $1,150,800 were outstanding as of 12/31/2022.

Personnel at Denison Community Investment Corporation

NameTitleCompensation
Veronica DavisSecretary and Treasurer$0
Aaron QuarlesChairman$0
John MabaryVice - Chairman$0

Financials for Denison Community Investment Corporation

RevenuesFYE 12/2022
Total grants, contributions, etc.$0
Program services$43,321
Investment income and dividends$942
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$24
Total revenues$44,287

Form 990s for Denison Community Investment Corporation

Fiscal year endingDate received by IRSFormPDF link
2021-122022-11-15990View PDF
2020-122021-11-05990View PDF
2019-122021-08-17990View PDF
2018-122019-09-10990View PDF
2017-122018-10-24990View PDF
...and 9 more Form 990s
Data update history
August 16, 2022
Posted financials
Added Form 990 for fiscal year 2020
August 4, 2022
Updated personnel
Identified 7 new personnel
August 3, 2022
Used new vendors
Identified 1 new vendor, including
March 1, 2022
Posted financials
Added Form 990 for fiscal year 2019
September 30, 2020
Posted financials
Added Form 990 for fiscal year 2018
Nonprofit Types
Public sector nonprofitsBusiness and community development organizationsCharities
Issues
Human servicesCommunity improvementHousingEconomic development
Characteristics
State / local levelTax deductible donationsNo full-time employees
General information
Address
PO Box 1218
Denison, TX 75021
Metro area
Sherman-Denison, TX
County
Grayson County, TX
Phone
(903) 463-3765
IRS details
EIN
75-2252981
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1988
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
S30: Economic Development
NAICS code, primary
926110: Economic Development Corporations and Economic Program Organizations
Parent/child status
Independent
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