Community Investment Corporation of Decatur Inc.
Community Investment Corporation of Decatur Inc.
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About this organization
Mission
To combat community deterioration, promote the common good and general welfare of the community, and lessen the burden of government in the city of Decatur, Illinois, by improving the economic, housing and social conditions for low and moderate income citizens of the city through business development and expansion assistance, job creation and retention efforts, and housing and social welfare programs.
About
Business incubator and resource center - to promote economic development in the Decatur region by developing and supporting qualified new and expanding businesses.
Interesting data from their 2020 990 filing
According to the filing, the non-profit's mission is “Promoting and assisting the development, establishment and expansion of local businesses and industries.”.
When referring to its actions, they were described as: “To combat community deterioration, promote the common good and general welfare of the community, and lessen the burden of government in the city of decatur, illinois, by improving the economic, housing and social conditions for low and moderate income citizens of the city through business development and expansion assistance, job creation and retention efforts, and housing and social welfare programs.”.
- According to the law, the state of operation reported by the non-profit is IL.
- As per the filing, the address of the non-profit for 2020 is 1059 WEST MAIN STREET, DECATUR, IL, 62522.
- According to their form, the non-profit as of 2020 has a total of 4 employees.
- 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 $250,000 and $500,000.
- Revenue less expenses is -$167,170.
- The CEO compensation plan of the organization is determined by an independent party's review and approval.
- The organization has 24 independent voting members.
- The organization was formed in 1991.
- 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 $231,417 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's financial statements were reviewed by an accountant.