Illinois · Nonprofit
COMMUNITY INVESTMENT CORPORATION
COMMUNITY INVESTMENT CORPORATION (Illinois) receives grants from 20 organizations whose IRS filings report $29,351,613 to it, the largest being The Chicago Community Trust ($23,560,000). 12 of them have funded it in more than one year, and 82% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.
- Revenue FY2025
- $25M
- Funders on record
- 20
- Grants received
- $29M
- Net assets
- $66M
What Community Investment Corporation does
Mission
Community Investment Corporation (cic) is a not-for-profit 501(c)(3) corporation. Incorporated in 1973, cic's mission is to be the leading force in neighborhood revitalization through innovative financial programs. In pursuit of this mission, cic has become the leading lender for the acquisition, rehabilitation, and preservation of affordable rental housing throughout the chicago metropolitan area. Cic provides one of the very few sources of capital for redeveloping and maintaining affordable rental housing, primarily located in low and moderate-income communities. Cic exercises sound management and fiscal prudence in its operations.
As stated on its FY2025 Form 990.
Programs
On its FY2024 return the organization reported a significant change in how it conducts a program.
Community Investment Corporation (cic) shut down the single-family rental property loan program. The organization continued to serve existing loans while reducing this program operation as outstanding loans were repaid or otherwise resolved. Cic continues to carry out its exempt purposes through its remaining programs services.
Its own explanation, from Schedule O of that return (Part III, line 3).
During fy 2025, cic closed 59 loans for a total of $49.2 million under the multifamily loan program. These loans financed the acquisition and rehab of 962 residential and 27 commercial units. All loans carried a 10-year term and most loans had a 25-year amortization. In total, at the close of fy 2025, cic's multifamily loan program portfolio stands at $177.2 million of notes sold to investors.
$17,947,270 spent$20,978,665 earned by the program93% of program spendingIn fy 2018, cic and the preservation compact secured $34 million to create the opportunity investment fund (oif), an innovative, streamlined vehicle to finance multifamily rental buildings and create affordable housing in high cost neighborhoods. Oif provides existing, functioning multifamily rental buildings with low-cost mezzanine debt. In return, owner will keep 20% of their units affordable for 15 years. Both non-profit and for-profit owners will be able to use oif. Owners may choose to use housing choice vouchers or other types of operating subsidy to help offset reduced rents for the affordable units. In fy 2025, cic closed six loans for $1.6 million in oif mezzanine debt. In addition, cic closed six first mortgages for $8.8 million as part of the oif transactions. These loans were for buildings with a total of 230 units of mixed-income housing, of which 46 units are affordable to households at 50% ami. Overall, since inception, $14.4 million in oif loans have been closed, and cic has provided $63.8 million in associated first mortgage financing.
$771,926 spent$686,194 earned by the program4% of program spendingSingle-family rental property loans: this program wound down effective in march 2025. Since the inception of this program 9 years ago, cic has closed 84 loans for $47.8 million totaling 796 residential units.
$578,944 spent$916,925 earned by the program3% of program spendingCic formed cepf, llc (cepf), a single-member limited liability company to make real estate investments through joint ventures of multifamily rental and/or for-sale residential projects in low- and moderate-income communities.
$0 spent0% of program spending
The 4 programs described on its FY2024 Form 990, listed largest first by expense. Program spending in total: $19,298,140.
The organization over time
Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2023 to 2024, from $317M to $349M (+10%).
How it's funded, over time
Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.
Government-grant reliance: 2017 18% · 2018 4% · 2019 4% · 2020 4% · 2021 15% · 2022 8% · 2023 1% · 2024 9% · 2025 7%. Grants only. Government contracts and fees sit inside program revenue.
9% of COMMUNITY INVESTMENT CORPORATION’s revenue is contributions — about as donation-reliant as the typical peer (13% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 1 of the last 9 reported years ran a deficit.
reserve
Leadership and staff
The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.
Board chair
David Dykstra
Chairman
As listed on its FY2025 Form 990.
Who funds it, year by year
2017 → 2023: the base broadened from 4 funders to 6 funders, grant income fell $545k → $348k.
6 of 20 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 82% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.
From the IRS filings of COMMUNITY INVESTMENT CORPORATION’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How concentrated its funding is
COMMUNITY INVESTMENT CORPORATION leans on a few funders — its largest provides 80% of grant income and the top three 93%; half comes from just 1 funder.
the vertical line marks half of all grant income — 1 funder to its left
85% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund COMMUNITY INVESTMENT CORPORATION.
Largest funder’s share by year: 2017 46% · 2018 54% · 2019 50% · 2020 96% · 2021 92% · 2022 50% · 2023 43% — diversifying over time.
“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How long its funders stay
57% of COMMUNITY INVESTMENT CORPORATION's funders are still giving 3 years after their first grant; 60% give in more than one year at all.
Share of funders still giving k years after their first recorded grant, pooled across every acquisition cohort. A funder counts as retained in a year only if it made a grant that year. Measured to FY2023, the last fiscal year that has finished arriving — a funder cannot be counted as lapsed in a year most filers have not reached.
Where its funders are
82% of COMMUNITY INVESTMENT CORPORATION's grant income arrives through donor-advised or pass-through sponsors, whose addresses record where the money is held rather than where the donor is. Of the $5.4M that is directly attributable, 76% of it comes from funders outside Illinois, across 6 states.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. $24M arriving through sponsors registered in 6 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Against its field
COMMUNITY INVESTMENT CORPORATION holds deeper cash reserves than three-quarters of the 449 housing & shelter nonprofits its size.
this organization peer median middle 50% of peers· 449 housing & shelter nonprofits $10M–$100M, FY2025
Government funding COMMUNITY INVESTMENT CORPORATION receives
Grants and contracts to this organization from federal (USASpending) and state checkbooks, reconciled to its EIN. $9.4M on record.
- Department of the Treasury$9.4M
Federal grants vs contracts are distinguished; state line items keep their reported category. Matched by name + geography (the BMF), so coverage is partial and precision-first.
Organizations like COMMUNITY INVESTMENT CORPORATION
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In Illinois
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
85% of spending goes to programs.
Governance
Public support
97%
Share of support from the public (Schedule A) — the basis for its public-charity status.
Footprint & structure
Files a return copy in 1 state
Part of a family of 11 related entities
- Cic Government Investor LLC · disregarded
- Cepf LLC · disregarded
- Community Initiatives · exempt
- 7456 S Eberhart LLC · partnership
- 6807 Michigan Holding LLC · partnership
Screen this organization
A dated, signed PDF of the compliance screen for COMMUNITY INVESTMENT CORPORATION: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds COMMUNITY INVESTMENT CORPORATION?
- COMMUNITY INVESTMENT CORPORATION (Illinois) receives grants from 20 organizations whose IRS filings report $29,351,613 to it, the largest being The Chicago Community Trust ($23,560,000). 12 of them have funded it in more than one year, and 82% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.
- How many funders does COMMUNITY INVESTMENT CORPORATION have?
- IRS filings report 20 organizations giving $29,351,613 in grants to COMMUNITY INVESTMENT CORPORATION, 12 of which have funded it in more than one year.
- Who is the largest funder of COMMUNITY INVESTMENT CORPORATION?
- The Chicago Community Trust is the largest funder on record, with $23,560,000 in grants. The full list of funders is on this page.
- How can an organization like COMMUNITY INVESTMENT CORPORATION find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in Illinois. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
Play a game about who funds Community Investment →
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2017–2025), and the filings of 20 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing