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EIN 87-4616912

Rockford Community Investment Fund

IRS 501(c) type
501(c)(3)
Num. employees
0
City
Rockford
State
Illinois
Year formed
2022
Most recent tax filings
2023-09-01
NTEE code, primary
L12: Housing and Shelter Fund Raising and Fund Distribution
Description
Support housing and Community development ventures, increase jobs, and build sustainable communities by offering flexible financial products and advisory services to low and moderate income communities in the city of Rockford (target market). Specifically, it provides financing to contractors, on terms which are otherwise unavailable, to rehabilitate dilapidated housing stock in the target market. To support housing and Community development ventures.
Related structure
Rockford Community Investment Fund is a subordinate organization under Rockford Local Development Corporation (RLDC).
Total revenues
$197,414
2023
Total expenses
$167,406
2023
Total assets
$1,949,188
2023
Num. employees
0
2023

Program areas at Rockford Community Investment Fund

Rcif manages a loan Fund which provides access to capital to finance the rehabilitation of dilapidated homes, primarily in low and moderate income neighborhoods. As of 9/30/2023, rcif has 25 loans outstanding and had financed a total of 44 projects.

Personnel at Rockford Community Investment Fund

NameTitleCompensation
Thomas SandquistExecutive Director$0
Jeff FahrenwaldChair$0
John PhelpsSecretary$0
Linda HeckertTreasurer$0

Financials for Rockford Community Investment Fund

RevenuesFYE 06/2023
Total grants, contributions, etc.$130,000
Program services$65,971
Investment income and dividends$1,443
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$0
Total revenues$197,414

Form 990s for Rockford Community Investment Fund

Fiscal year endingDate received by IRSFormPDF link
2023-092024-06-20990View PDF
2023-062023-10-11990View PDF
2022-062023-03-16990EZView PDF
Data update history
November 29, 2023
Posted financials
Added Form 990 for fiscal year 2023
June 17, 2023
Posted financials
Added Form 990EZ for fiscal year 2022
June 15, 2023
Updated personnel
Identified 10 new personnel
June 12, 2023
Used new vendors
Identified 1 new vendor, including
Nonprofit Types
Grantmaking organizationsHousing and shelter organizationsChapter / child organizationsCharities
Issues
Human servicesCommunity improvementHousing
Characteristics
State / local levelReceives government fundingTax deductible donationsNo full-time employees
General information
Address
120 W State St Ste 306
Rockford, IL 61101
Metro area
Rockford, IL
County
Winnebago County, IL
Phone
(815) 987-8675
IRS details
EIN
87-4616912
Fiscal year end
June
Taxreturn type
Form 990
Year formed
2022
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
L12: Housing and Shelter Fund Raising and Fund Distribution
NAICS code, primary
522120: Savings Institutions
Parent/child status
Subordinate organization
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