2024-08-05T10:50:02-05:00 2023-09-30 381357951 PLANTE & MORAN PLLC 10 S RIVERSIDE PLAZA 9TH FLOOR CHICAGO IL 60606 990 2022-10-01 300103115 COMMUNITY INITIATIVES INC COMM 3122580070 222 SOUTH RIVERSIDE PLAZA 380 CHICAGO IL 60606 MICHAEL G CIACCIA CFO/TREASURER 3122580070 2024-07-30 1 1 JESSICA TOADER P01464604 3122071040 2024-07-25 2022 2024-08-08 14:25:15Z STACIE A YOUNG 222 SOUTH RIVERSIDE PLAZA 380 CHICAGO IL 60606 4787426 0 X WWW.CICCHICAGO.COM X 2002 IL PRESERVE LOWER INCOME NEIGHBORHOODS THROUGH THE PRESERVATION OF QUALITY AFFORDABLE RENTAL HOUSING. 7 6 0 7 0 0 1654536 3767404 605195 1020022 0 0 0 0 2259731 4787426 0 0 0 0 1428139 1649687 0 0 45783 1007761 2954266 2435900 4603953 -176169 183473 15217882 18750628 11216590 14565858 4001292 4184770 PRESERVE LOWER INCOME NEIGHBORHOODS THROUGH THE PRESERVATION OF QUALITY AFFORDABLE RENTAL HOUSING. 0 0 4008786 1020022 TROUBLED BUILDINGS INITIATIVE (TBI): AS OF SEPTEMBER 30, 2023, CII IS THE COURT APPOINTED RECEIVER ON 29 BUILDINGS WITH 1,097 UNITS. BUILDINGS PLACED IN THE PROGRAM ARE THE PROPERTIES MOST IN NEED OF REPAIR AND PRESENT THE MOST PROBLEMS TO THEIR COMMUNITIES. THROUGH THE PROGRAM, TBI HAS TAKEN ACTION ON 1,239 BUILDINGS WITH 22,028 HOUSING UNITS, AND 883 BUILDINGS WITH 15,837 UNITS HAVE BEEN RECOVERED. 4008786 1 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 9 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 7 6 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 0 0 0 IL X MICHAEL G CIACCIA 3122580070 222 SOUTH RIVERSIDE PLAZA 380 CHICAGO IL 60606 X STACIE YOUNG PRESIDENT 5.00 35.00 X X 0 286936 23960 RONDELLA HUNT DIRECTOR 1.00 0.00 X 0 0 0 VICKI ARROYO DIRECTOR 1.00 1.00 X 0 0 0 ROBERT MARJAN DIRECTOR 1.00 1.00 X 0 0 0 JOHN GHOLAR DIRECTOR 1.00 0.00 X 0 0 0 ANGIE MARKS DIRECTOR 1.00 1.00 X 0 0 0 FRANK PETTAWAY DIRECTOR 1.00 1.00 X 0 0 0 JOHN CRANE SVP/DIRECTOR OF LENDING 1.00 39.00 X 0 253638 40748 MICHAEL CIACCIA TREASURER/CFO 5.00 35.00 X 0 225023 45373 JONAH HESS CII VICE PRESIDENT 39.00 1.00 X 0 185015 25766 GIUSEPPE PAPAVERO CONTROLLER 1.00 39.00 X 0 136274 18543 MONICA KIRBY ASSISTANT SECRETARY 1.00 39.00 X 0 77625 15936 THURMAN SMITH DIRECTOR 1.00 1.00 X 0 0 0 ANDRE COLLINS ACQUISITION MANAGER 40.00 0.00 X 255067 0 24871 255067 1164511 195197 1 0 1 0 GREIMAN ROME & GRIESMEYER LLC 29 E MADISON CHICAGO IL 60602 LEGAL SERVICES 170688 1 3767404 3767404 AFFORDABLE HOUSING 900099 855540 855540 LOAN SERVICING 900099 164482 164482 1020022 4787426 1020022 0 0 1649687 1435228 197962 16497 34615 30115 4154 346 77677 67579 9321 777 129177 112384 15501 1292 5153 4483 618 52 30575 26600 3669 306 BUILDING REPAIRS 2651325 2306653 318159 26513 CII PROGRAM EXPENSES 25744 25744 4603953 4008786 549384 45783 1889611 1469079 5774668 4840439 5152251 8963224 528500 1279788 1872852 2198098 15217882 18750628 8826 585708 800000 800000 10407764 13180150 11216590 14565858 X 4001292 4184770 4001292 4184770 15217882 18750628 183473 0 X 0 1 X 1 1 1 X 2400816 3708458 2489677 1654536 3767404 14020891 2400816 3708458 2489677 1654536 3767404 14020891 14020891 14020891 4790478 1.00000 1.00000 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 REAL ESTATE HELD FOR SALE 2198098 2198098 X X X X X 0 0 0 0 0 1 0 1 0 STACIE YOUNG PRESIDENT 0 236134 0 50250 0 552 0 21995 0 1965 0 310896 0 0 JOHN CRANE SVP/DIRECTOR OF LENDING 0 199346 0 51244 0 3048 0 19637 0 21111 0 294386 0 0 ANDRE COLLINS ACQUISITION MANAGER 98750 0 156077 0 240 0 13406 0 11465 0 279938 0 0 0 MICHAEL CIACCIA TREASURER/CFO 0 181663 0 43000 0 360 0 15870 0 29503 0 270396 0 0 JONAH HESS CII VICE PRESIDENT 0 153542 0 31233 0 240 0 14301 0 11465 0 210781 0 0 GIUSEPPE PAPAVERO CONTROLLER 0 93349 0 42565 0 360 0 10900 0 7643 0 154817 0 0 PART I, LINE 3 COMPENSATION FOR THE ORGANIZATION'S PRESIDENT AND OTHER OFFICERS IS PAID BY COMMUNITY INVESTMENT CORPORATION, A RELATED TAX EXEMPT ORGANIZATION. COMPENSATION IS DETERMINED BY A RELATED ORGANIZATION, COMMUNITY INVESTMENT CORPORATION, INC. A COMPENSATION SURVEY OR STUDY IS CONDUCTED AND COMPENSATION IS APPROVED BY THE BOARD. PART I, LINE 6 ANDRE COLLINS, ACQUISITION MANAGER, IS PAID A COMMISSION COMPUTED AS A PERCENTAGE OF THE NET REVENUE GENERATED FROM THE ACQUISITION AND LINE OF CREDIT PROGRAM THROUGH COMMUNITY INITIATIVES, INC. ANDRE COLLINS DOES NOT RECEIVE A BASE SALARY. PART I, LINE 7 AS INDICATED IN SCHEDULE J, PART II, EMPLOYEES OF THE ORGANIZATION, INCLUDING HIGHEST COMPENSATED INDIVIDUALS, RECEIVED A BONUS BASED ON PERFORMANCE AND THE FINANCIAL RESULTS OF THE ORGANIZATION. THIS BONUS WAS APPROVED BY THE EXECUTIVE COMMITTEE OF THE BOARD OF COMMUNITY INVESTMENT CORPORATION, A RELATED TAX EXEMPT ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 6 THE CORPORATION HAS ONE MEMBER, COMMUNITY INVESTMENT CORPORATION, AN ILLINOIS NOT-FOR-PROFIT CORPORATION. FORM 990, PART VI, SECTION A, LINE 7A THE MEMBER HAS THE POWER AND RIGHT TO ELECT AND REMOVE DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7B THE MEMBER HAS THE EXCLUSIVE RIGHT AND POWER TO APPROVE AMENDMENTS TO THE ARTICLES OF INCORPORATION AND BY-LAWS OF THE CORPORATION, AND CAUSE A DISSOLUTION OF THE CORPORATION. FORM 990, PART VI, SECTION B, LINE 11B SELECTED COMMITTEE MEMBERS ARE PROVIDED WITH A COPY OF FORM 990 FOR REVIEW PURPOSES. AFTER THE INITIAL REVIEW, A COPY OF THE FORM 990 IS MADE AVAILABLE TO THE ENTIRE BOARD PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST STATEMENTS ARE REPORTED ON AN ANNUAL BASIS AT BOARD MEETINGS. THEY ARE REVIEWED BY THE BOARD OR THE EXECUTIVE COMMITTEE. THOSE KEY PERSONNEL WITH CONFLICTS ARE ADVISED TO RECUSE THEMSELVES FROM PARTICIPATING IN DECISION MAKING RELATED TO A CONFLICT. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION FOR THE ORGANIZATION'S PRESIDENT AND OTHER OFFICERS IS PAID BY COMMUNITY INVESTMENT CORPORATION, A RELATED TAX EXEMPT ORGANIZATION. ANNUALLY A SALARY SURVEY IS CONDUCTED TO INCLUDE COMPENSATION OF TOP MANAGEMENT OFFICIALS AT SIMILARLY SIZED NON-PROFIT ORGANIZATIONS IN THE SAME GEOGRAPHIC LOCALE. THIS SURVEY WAS PROVIDED TO THE EXECUTIVE COMMITTEE OF THE BOARD EVERY SEPTEMBER, THIS INCLUDES THE CHAIRMAN OF THE BOARD AND OTHER BOARD MEMBERS ON THE EXECUTIVE COMMITTEE. THESE INDIVIDUALS REVIEW THE PERFORMANCE OF THE EXECUTIVE DIRECTOR OVER THE PAST YEAR CONSIDERING PROGRESS TOWARDS ACCOMPLISHMENT OF INDIVIDUAL AND ORGANIZATIONAL GOALS, THE FINANCIAL STRENGTH OF THE ORGANIZATION, AND THE SALARY SURVEY PROVIDED. THESE CONSIDERATIONS RESULT IN NEW GOALS FOR THE UPCOMING YEAR AND A DECISION ON COMPENSATION WHICH IS THEN COMMUNICATED TO THE TREASURER FOR IMPLEMENTATION. BECAUSE THE ORGANIZATION'S PRESIDENT AND OTHER OFFICERS ARE NOT PAID BY THE FILING ORGANIZATION, PART VI, LINES 15A AND 15B HAVE BEEN ANSWERED "NO" PER FORM 990 INSTRUCTIONS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST STATEMENT, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART VII, SECTION A: COMPENSATION REPORTED FOR ANDRE COLLINS HAS BEEN PAID BY A RELATED ORGANIZATION AND COMMON PAYMASTER, COMMUNITY INVESTMENT CORPORATION FEIN 36-2780862. SINCE ALL SERVICES PERFORMED BY THIS INDIVIDUAL WERE FOR COMMUNITY INITIATIVES, INC., THE COMPENSATION HAS BEEN REPORTED IN COLUMN D AS IF PAID BY THE ORGANIZATION. COMMUNITY INVESTMENT CORPORATION HAS COMPLIED WITH PAYROLL FILING REQUIREMENTS. COMMUNITY INVESTMENT CORPORATION 222 SOUTH RIVERSIDE PLAZA 380 CHICAGO IL 60606 362780862 FINANCING PURCHASE/REHAB OF LOW INCOME MULTIFAMILY BUILDINGS IL 501(C)(3) 7 N/A 0 0 0 0 0 1 0 0 0 0 0 0 1 0 1 1 0 0 0 0