Arizona · Nonprofit
COMMUNITY INVESTMENT CORPORATION
COMMUNITY INVESTMENT CORPORATION (Arizona) receives grants from 12 organizations whose IRS filings report $1,563,100 to it, the largest being Garcia Family Foundation ($900,000). 5 of them have funded it in more than one year.
- Revenue FY2024
- $3.1M
- Funders on record
- 12
- Grants received
- $1.6M
- Net assets
- $2.7M
What Community Investment Corporation does
Mission
To create a better life for the residents of our community through various programs targeting economic development opportunities. To secure strategic investments in our communities that serve public purpose, enhance employment opportunities, and leverage its capital with a reasonable rate of return.
As stated on its FY2024 Form 990.
Programs
Cic provided loans and financial assistance in pima county and the interconnected regional economy of southern arizona to businesses that were unable to obtain such through and/or that have been historically underserved by traditional capital access institutions. Loans were made, generally at below market interest rates, on the basis of serving the public purpose of supporting local and regional economic development which includes business and employment creation/retention.
$603,071 spent$746,723 earned by the program19% of program spendingCic's home ownership support services empower first-time homebuyers across arizona, particularly in pima county, by providing essential financial assistance. Through our mortgage credit certificate (mcc) program, income- qualified buyers can reduce their annual mortgage interest by claiming up to 2,000 as a federal tax credit. This benefit is renewable each year, adding up to potential savings of over 50,000 across the life of the mortgage. The mcc program is funded by the pima county industrial development authority. In addition to the mcc program, we administer down payment assistance programs in tucson and pima county. Cic also serves as the fiscal agent for city of tucson processing payments for contracts that support work for homelessness diversion and prevention.
$2,007,469 spentof which $1,597,597 as grants$1,853,920 earned by the program65% of program spendingCic's bond compliance program served 61 different public schools or school networks through 75 separate bond agreements generating nearly 210,000 in revenues. Bond compliance services consist of supporting bond recipients (schools) with their contractual obligations to provide continuing disclosure information to the electronic municipal market access (emma) website. These disclosures serve an essential role for a properly and efficiently functioning bond market by enhancing transparency for investors and in the bond market at large, as well as helping preserve/enhance schools' bond ratings. Cic also maintains the "my schools" website and does outreach to preschool parents to assist with finding the best school to fit the child's needs.
$497,100 spent$237,766 earned by the program16% of program spending
The 3 programs described on its FY2024 Form 990, listed largest first by expense. Program spending in total: $3,107,640.
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 2021 to 2022, from $12M to $7.2M (−40%).
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: 2018 58% · 2019 2% · 2020 78% · 2021 97% · 2022 97% · 2023 26% · 2024 42%. Grants only. Government contracts and fees sit inside program revenue.
74% of COMMUNITY INVESTMENT CORPORATION’s revenue is contributions — more donation-reliant than the typical peer (61% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 5 of the last 8 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
John Payne
Chair
As listed on its FY2024 Form 990.
Who funds it, year by year
2017 → 2023: the base broadened from 1 funder to 5 funders, grant income rose $6k → $401k.
4 of 12 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 19% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.
Left out of every figure on this page: $200k from one payer (the payer shares this organization's board, largest Fhr Cares Inc). These are real filings, and they are not money COMMUNITY INVESTMENT CORPORATION raised.
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 58% of grant income and the top three 83%; half comes from just 1 funder.
the vertical line marks half of all grant income — 1 funder to its left
37% 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 100% · 2019 100% · 2020 71% · 2021 52% · 2022 72% · 2023 75% — 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
25% of COMMUNITY INVESTMENT CORPORATION's funders are still giving 3 years after their first grant; 42% 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
95% of COMMUNITY INVESTMENT CORPORATION's grant income comes from Arizona funders.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. $293k arriving through sponsors registered in 3 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's funding base is broadening — from 1 funders to 5 as grant income climbed.
this organization peer median middle 50% of peers· 4,203 community improvement nonprofits $1M–$10M, FY2024
Government funding COMMUNITY INVESTMENT CORPORATION receives
Grants and contracts to this organization from federal (USASpending) and state checkbooks, reconciled to its EIN. $207k on record.
- Department of Agriculture$207k
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 Arizona
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
85% of spending goes to programs.
Governance
Footprint & structure
Part of a family of 1 related entity
- Industrial Development Authority · exempt
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 (Arizona) receives grants from 12 organizations whose IRS filings report $1,563,100 to it, the largest being Garcia Family Foundation ($900,000). 5 of them have funded it in more than one year.
- How many funders does COMMUNITY INVESTMENT CORPORATION have?
- IRS filings report 12 organizations giving $1,563,100 in grants to COMMUNITY INVESTMENT CORPORATION, 5 of which have funded it in more than one year.
- Who is the largest funder of COMMUNITY INVESTMENT CORPORATION?
- Garcia Family Foundation is the largest funder on record, with $900,000 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 Arizona. 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 FY2024 (financials across 2017–2024), and the filings of 12 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