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Community Investment Fund of Indiana Inc.

Community Investment Fund of Indiana Inc.

Indianapolis, IN 46240
Tax ID27-3989674

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About this organization

Revenue

$171,762

Expenses

$131,005

Website

capitalizingindiana.org

Mission

The Community Investment Fund of Indiana finances projects to build vibrant communities and resilient families. We provide capital, make connections to the same, and facilitate access to program services for transformative community reinvestment.

About

Community Investment Fund of Indiana is a mission driven state-wide organization certified by the U.S. Department of Treasury's Community Development Financial Institution Fund. CIFI provides loans and development services to low income individuals and organizations who lack adequate access to capital. The organization works with new customers as well as an existing portfolio of customers who have loans and need business technical assistance. CIFI tracks customers and measures economic impact in underserved markets. At the end of the fiscal year its active portfolio is 1,029,662.

Interesting data from their 2020 990 filing

The filing outlines the non-profit's goal as “The community investment fund of indiana finances projects to build vibrant communities and resilient families. we provide capital, make connections to the same, and facilitate access to program services for transformative community reinvestment.”.

When explaining its purpose, the activities were outlined as: “The community investment fund of indiana finances projects to build vibrant communities and resilient families. we provide capital, make connections to the same, and facilitate access to program services for transformative community reinvestment.”.

  • As per legal reporting requirements, the state of operation for the non-profit is IN.
  • The non-profit's address for 2020 is listed as 4181 E 96TH STREET STE 200, INDIANAPOLIS, IN, 46240 in the filing.
  • As per the non-profit's form, they have 3 employees as of 2020.
  • Does not operate a hospital.
  • Does not operate a school.
  • Does not collect art.
  • Does not provide credit counseling.
  • Does not have foreign activities.
  • Is not a donor-advised fund.
  • Is not a private foundation.
  • Expenses are between $500,000 and $1,000,000+.
  • Revenue is between $100,000 and $250,000.
  • Revenue less expenses is $40,757.
  • The CEO compensation package within the organization is determined through a review and endorsement by a neutral party.
  • The organization has a written policy that describes how long it will retain documents.
  • The organization has 12 independent voting members.
  • The organization was formed in 2010.
  • The organization has a written policy that addresses conflicts of interest.
  • The organization is required to file Schedule B.
  • The organization is required to file Schedule O.
  • The organization pays $148,638 in salary, compensation, and benefits to its employees.
  • The organization pays $0 in fundraising expenses.
  • The organization provides Form 990 to its governing body.
  • The organization has minutes of its meetings.
  • The organization has a written whistleblower policy.
  • The organization's financial statements were reviewed by an accountant.

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