2023-11-14T16:45:33-05:00 2022-12-31 860257194 WALKER & ARMSTRONG LLP 1850 N CENTRAL AVE STE 400 PHOENIX AZ 850044624 990 2022-01-01 860837146 COMMUNITY INVESTMENT CORPORATION COMM 5205291766 2033 E GRANT RD TUCSON AZ 85719 DANIEL KNEE EXECUTIVE DIRECTOR 5205291766 2023-11-14 true DANNY KNEE 999009999 false STEVEN L TAIT P00017643 6022301040 2023-11-14 2022 2023-04-26 12:10:37Z DANIEL KNEE 2033 E GRANT RD TUCSON AZ 85719 29133218 false X WWW.COMMUNITYINVESTMENTCORPORATION.COM X 1996 AZ 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. 3 3 30 3 0 39687814 28504494 716979 585729 14967 21290 52790 21705 40472550 29133218 34438375 25852405 0 1706176 1905305 0 0 2780071 3200233 38924622 30957943 1547928 -1824725 12041358 7216465 5774968 2917219 6266390 4299246 X 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. false true 759896 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 ON THE BASIS OF SERVING THE PUBLIC PURPOSE OF SUPPORTING LOCAL AND REGIONAL ECONOMIC DEVELOPMENT WHICH INCLUDES BUSINESS AND EMPLOYMENT CREATION/RETENTION. 29134757 25852405 CIC ADMINISTERED A MAJORITY OF THE CITY OF TUCSON'S FEDERALLY FUNDED EVICTION PREVENTION ASSISTANCE IN 2022 THROUGH CONTRACTS WITH THE CITY OF TUCSON. THROUGH THE CREATION OF AN ONLINE PLATFORM, CIC FACILITATED OVER 25 MILLION IN DIRECT PAYMENTS TO LANDLORDS/PROPERTY MANAGERS ON BEHALF OF 4,876 ELIGIBLE TENANT HOUSEHOLDS AFFECTED BY COVID-19 OR THE ECONOMIC IMPACTS OF THE COVID-19 PANDEMIC. ADDITIONALLY, CIC ADMINISTERS DOWN PAYMENT ASSISTANCE PROGRAMS ON BEHALF OF THE PIMA AND TUCSON INDUSTRIAL DEVELOPMENT AUTHORITIES (IDAS) AND THE CITY OF TUCSON IN SUPPORT OF THE PUBLIC BENEFIT OF FIRST-TIME HOMEOWNERSHIP FOR MID- AND LOW-INCOME BUYERS AS WELL AS A MORTGAGE CREDIT CERTIFICATE PROGRAM ON BEHALF OF THE PIMA IDA WHICH REDUCES THE ONGOING COSTS OF OWNING A HOME THROUGH A FEDERAL TAX CREDIT. 588438 CIC'S BOND COMPLIANCE PROGRAM SERVED 58 DIFFERENT PUBLIC SCHOOLS OR SCHOOL NETWORKS THROUGH 75 SEPARATE BOND AGREEMENTS GENERATING NEARLY 223,000 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. 30483091 true true false false false false false false false false true false false false true false true false false false false false false false false false false false true false false false false false false true true false false false false false false true false false false true 38 0 false 30 true false false false false false false false false X 3 3 false false false false false false false true true false false true true true true true true true false false X X X COMMUNITY INVESTMENT CORPORATION 5205291766 2033 E GRANT ROAD TUCSON AZ 85719 DANIEL KNEE EXECUTIVE DI 40.00 X 132716 0 0 CAROLINE NELSON CHIEF OPERAT 40.00 X 107584 0 0 NICHOLAS HENRY CHIEF STRATE 40.00 X 93552 0 0 JOHN H PAYNE PRESIDENT 1.25 X X 0 0 0 STEVEN RUSSO CORPORATE CO 1.25 X 0 0 0 KENNETH M SILVERMAN TREASURER 1.25 X X 0 0 0 JEFF SINGLETON SECRETARY 1.25 X X 0 0 0 333852 2 false false false FAMILY HOUSING RESOURCES INC 3505 N CAMPBELL AVE STE 501 TUCSON AZ 85719 CASE WORKERS 252331 THE TEMP CONNECTION 4526 E CAMP LOWELL DR TUCSON AZ 85712 STAFFING SVCS 236206 DATAWORKS LLC 6890 E SUNRISE DR STE 120-243 TUCSON AZ 85750 IT SERVICES 199225 ROBERT HALF INC PO BOX 743295 LOS ANGELES CA 90074 STAFFING SVCS 165829 SUNNYSIDE USD FOUNDATION 2238 E GINTER RD TUCSON AZ 85706 CASE WORKERS 165700 5 28367294 137200 28504494 HOME OWNERSHIP ASSISTANCE 272028 272028 SCHOOL SERVICES PROGRAM 222673 222673 LOAN SERVICING PROGRAM 91028 91028 585729 21290 21290 PPP LOAN FORGIVENESS 21702 21702 OTHER INCOME 3 3 21705 29133218 607434 21290 25852405 25852405 333851 195344 138507 1267784 1192264 75520 178766 157228 21538 124904 104131 20773 23523 12243 11280 29543 15377 14166 13538 13538 1605353 1552412 52941 107535 91641 15894 18820 17165 1655 35939 34524 1415 59567 51361 8206 14749 14749 45505 36503 9002 COMPUTER EXPENSE 436406 415990 20416 CONTRIBUTIONS 333200 333200 BAD DEBT EXPENSE 246031 246031 MISCELLANEOUS 143160 112404 30756 87364 62868 24496 30957943 30483091 474852 0 181726 259617 5005988 3817520 1568474 26886 188814 219770 2929024 1570941 27758 9297 437696 82623 369821 355073 1436553 957361 333200 12041358 7216465 385552 153150 149446 149446 630108 121930 4609862 2492693 5774968 2917219 X 6207950 4299246 58440 6266390 4299246 12041358 7216465 -1824725 -142419 X false true X false true true X X 1 INDUSTRIAL DEVELOPMENT AUTHORITY OF PIMA COUNTY 860445981 6 true 0 0 1 0 true false false false false false false false false false false false false false false true RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 76639 76639 327674 54757 272917 33383 27866 5517 355073 NOTES PAYABLE - RELATED PARTIES 1500000 DUE TO PTHS PROGRAM 991741 LEASE OBLIGATION 952 2492693 28977261 -142419 -142419 29119680 13538 13538 29133218 30944405 30944405 13538 13538 30957943 false TENANT ASSISTANCE 4876 25852405 THE INSURANCE HOUSE BOARD MEMBER 36279 INSURANCE false SINGLE FOCUS WEB LLC EXEC DIR SPOUSE 8721 WEBSITE DESIGN false BALANCED BOOKS LLC BUSINESS MGR 23027 ACCOUNTING SERVICES false STERLING INVESTMENT MANAGEMENT INC BOARD MEMBER 13538 INVESTMENT MGMT false RUSSO LAW FIRM BOARD MEMBER 25602 LEGAL SERVICES false FORM 990 - ORGANIZATION'S 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. FORM 990, PAGE 2, PART III, LINE 3 CIC'S PARTICIPATION AS A SUBCONTRACTOR FOR EVICTION PREVENTION ENDED IN SEPTEMBER 2022. FORM 990, PAGE 2, PART III, LINE 4B CIC ADMINISTERED A MAJORITY OF THE CITY OF TUCSON'S FEDERALLY FUNDED EVICTION PREVENTION ASSISTANCE IN 2022 THROUGH CONTRACTS WITH THE CITY OF TUCSON. THROUGH THE CREATION OF AN ONLINE PLATFORM, CIC FACILITATED OVER 25 MILLION IN DIRECT PAYMENTS TO LANDLORDS/PROPERTY MANAGERS ON BEHALF OF 4,876 ELIGIBLE TENANT HOUSEHOLDS AFFECTED BY COVID-19 OR THE ECONOMIC IMPACTS OF THE COVID-19 PANDEMIC. ADDITIONALLY, CIC ADMINISTERS DOWN PAYMENT ASSISTANCE PROGRAMS ON BEHALF OF THE PIMA AND TUCSON INDUSTRIAL DEVELOPMENT AUTHORITIES (IDAS) AND THE CITY OF TUCSON IN SUPPORT OF THE PUBLIC BENEFIT OF FIRST-TIME HOMEOWNERSHIP FOR MID- AND LOW-INCOME BUYERS AS WELL AS A MORTGAGE CREDIT CERTIFICATE PROGRAM ON BEHALF OF THE PIMA IDA WHICH REDUCES THE ONGOING COSTS OF OWNING A HOME THROUGH A FEDERAL TAX CREDIT. FORM 990, PAGE 6, PART VI, LINE 11B FORM 990 WAS DISTRIBUTED TO THE GOVERNING BODY AND REVIEWED BY THE EXECUTIVE DIRECTOR. FORM 990, PAGE 6, PART VI, LINE 12C POTENTIAL CONFLICTS OF INTEREST AND THE ORGANIZATION'S POLICIES ARE DISCUSSED AT PERIODIC BOARD MEETINGS. THE ORGANIZATION'S COUNSEL ALSO MONITORS COMPLIANCE. FORM 990, PAGE 6, PART VI, LINE 15A THE EXECUTIVE DIRECTOR'S SALARY IS PERIODICALLY (AT LEAST EVERY 2-3 YEARS) BENCHMARKED WITH EXECUTIVE/CEO SALARIES AT COMPARABLY SIZED (BUDGET, EMPLOYEES, SERVICES, TENURE) NONPROFIT ORGANIZATIONS ACROSS THE COUNTRY AND ADJUSTED ANNUALLY BASED ON PERFORMANCE. FORM 990, PAGE 6, PART VI, LINE 19 THE MOST RECENT YEAR AND PRIOR YEAR (BACK TO 2012) DOCUMENTS ARE AVAILABLE ON THE ORGANIZATION'S WEBSITE. INDUSTRIAL DEVELOPMENT AUTHORITY 6700 N ORACLE ROAD SUITE 100 TUCSON AZ 85704 860445981 BONDS AZ GOVT N/A false false false false true true false false false false false false false false false false false false false false INDUSTRIAL DEVELOPMENT AUTHORITY E 1500000