Program areas at Community Investment Corporation of Decatur
Business incubator and resource center - to promote economic development in the Decatur region by developing and supporting qualified new and expanding businesses.
Housing assistance - through partnership with government and nonprofit agencies, provide housing counseling, and housing of the homeless in Decatur.
Loan programs - to make low interest loans in conjunction with conventional loans from private lenders to encourage business expansion and the creation of permanent private sector jobs and growth in capital in Decatur.
Housing counseling program
Who funds Community Investment Corporation of Decatur
Grants from foundations and other nonprofits
| Grantmaker | Grantmaker tax period | Description | Amount |
|---|
| Housing Action Illinois | 2023-12 | Pass Through Grant for Hud Comprehensive Housing Counseling Program | $30,137 |
Personnel at Community Investment Corporation of Decatur
| Name | Title | Compensation | Date of data |
|---|
| James Seaberg | President | $65,817 | 2023-09-05 |
| Fred Lohrstorfer | Vice - Chair | $0 | 2023-08-08 |
| Dick Overheul | Secretary | $0 | 2023-08-08 |
| Brent McHugh | Board Chair | $0 | 2023-08-08 |
| Joe Springer | Treasurer | $0 | 2023-04-30 |
| ...and 4 more key personnel |
Financials for Community Investment Corporation of Decatur
| Revenues | FYE 04/2024 | FYE 04/2023 | % Change |
|---|
| Total grants, contributions, etc. | $65,971 | $63,636 | 3.7% |
| Program services | $65,498 | $78,676 | -16.7% |
| Investment income and dividends | $30,837 | $31,315 | -1.5% |
| Tax-exempt bond proceeds | $0 | $0 | - |
| Royalty revenue | $0 | $0 | - |
| Net rental income | $0 | $0 | - |
| Net gain from sale of non-inventory assets | $0 | $0 | - |
| Net income from fundraising events | $0 | $0 | - |
| Net income from gaming activities | $0 | $0 | - |
| Net income from sales of inventory | $0 | $0 | - |
| Miscellaneous revenues | $94,729 | $85,537 | 10.7% |
| Total revenues | $257,035 | $259,164 | -0.8% |
Organizations like Community Investment Corporation of Decatur
| Organization | Type | Location | Revenue |
|---|
| Rising Tide Community Loan Fund | 501(c)(3) | Bethlehem, PA | $955,580 |
| Tri-City Peoples Corporation | 501(c)(3) | Newark, NJ | $582,335 |
| Success Capital Expansion and Development Corporation | 501(c)(3) | Modesto, CA | $803,770 |
| Northeastern Colorado Revolving | 501(c)(3) | Yuma, CO | $548,967 |
| Economic Opportunities Fund | 501(c)(3) | Philadelphia, PA | $1,077,528 |
| Redec Relending Corporation | 501(c)(3) | Painted Post, NY | $393,283 |
| Community Development Financial Institution - Tohono O'odham Nation | 501(c)(3) | Sells, AZ | $755,697 |
| Community Capital Advisors | 501(c)(3) | Philadelphia, PA | $721,900 |
| Target Alpena Development Corporation | 501(c)(3) | Alpena, MI | $330,922 |
| Muncie Downtown Dev Partnership | 501(c)(3) | Muncie, IN | $458,663 |
Data update history
November 7, 2023
Posted financials
Added Form 990 for fiscal year 2023
August 10, 2023
Posted financials
Added Form 990 for fiscal year 2022
August 9, 2023
Posted financials
Added Form 990 for fiscal year 2021
May 15, 2023
Updated personnel
Identified 2 new personnel
Nonprofit Types
Business and community development organizationsCharities
Issues
HealthDiseases and disordersCommunity improvementEconomic development
Characteristics
State / local levelReceives government fundingTax deductible donationsAccepts online donations
General information
- Address
- 120 N Franklin St Suite C
- Decatur, IL 62523
- Metro area
- Decatur, IL
- Website URL
- investindecaturcicd.org/Â
- Phone
- (217) 423-0352
IRS details
- EIN
- 37-1293865
- Fiscal year end
- April
- Taxreturn type
- Form 990
- Year formed
- 1991
- Eligible to receive tax-deductible contributions (Pub 78)
- Yes
Categorization
- NTEE code, primary
- S31: Urban, Community Economic Development
- NAICS code, primary
- 522120: Savings Institutions
- Parent/child status
- Independent
Free account sign-up
Want updates when Community Investment Corporation of Decatur has new information, or want to find more organizations like Community Investment Corporation of Decatur?
Create free Cause IQ account