EIN 27-3941432

River City Capital Investment LLC

IRS 501(c) type
501(c)(3)
Num. employees
8
Year formed
2010
Most recent tax filings
2024-06-01
Description
River City Capital Investment Corp offers small business and housing development loans, as well as technical support. Its programs focus on loan funding and financial services in distressed, lower-income communities. The corporation operates as a Community Development Financial Institution.
Also known as...
River City Capital Investment Corporation
Total revenues
$996,587
2024
Total expenses
$741,112
2024
Total assets
$6,752,719
2024
Num. employees
8
2024

Program areas at River City Capital Investment LLC

Loan funding and financial services in distressed, lower-income communities.

Who funds River City Capital Investment LLC

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Community Lift CorporationSurdna Grant$360,000
Opportunity Finance Network (OFN)Finance Justice Fund Subgrant$250,000

Personnel at River City Capital Investment LLC

NameTitleCompensation
Luther MercerChief Executive Officer$51,923
Ron BrooksPresident$32,500

Financials for River City Capital Investment LLC

RevenuesFYE 06/2024
Total grants, contributions, etc.$743,134
Program services$181,524
Investment income and dividends$82,724
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$0
Miscellaneous revenues$-10,795
Total revenues$996,587

Form 990s for River City Capital Investment LLC

Fiscal year endingDate received by IRSFormPDF link
2023-062024-02-12990View PDF
2022-062023-04-30990View PDF
2021-062022-08-28990View PDF
2021-062022-05-16990View PDF
2020-062021-05-26990View PDF
...and 9 more Form 990s
Data update history
May 22, 2024
Updated personnel
Identified 2 new personnel
December 26, 2023
Received grants
Identified 1 new grant, including a grant for $250,000 from Truist Foundation
December 23, 2023
Received grants
Identified 1 new grant, including a grant for $150,000 from Kresge Foundation
July 10, 2023
Posted financials
Added Form 990 for fiscal year 2022
July 1, 2023
Updated personnel
Identified 4 new personnel
Nonprofit Types
Business and community development organizationsCharities
Issues
Business and industry
Characteristics
Receives government fundingTax deductible donations
General information
Address
1863 Madison Ave
Memphis, TN 38104
Metro area
Memphis, TN-MS-AR
County
Shelby County, TN
Phone
(901) 521-4232
IRS details
EIN
27-3941432
Fiscal year end
June
Taxreturn type
Form 990
Year formed
2010
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
S43: Management Services for Small Business, Entrepreneurs
NAICS code, primary
522120: Savings Institutions
Parent/child status
Independent
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