THE COMMUNITY IMPROVEMENT CORPORATION OF CUYAHOGA FALLS WAS FORMED IN JULY 1970 AND INCORPORATED AS A CORPORATION NOT-FOR-PROFIT UNDER TITLE XVII, CHAPTERS 1702 AND 1724 OF THE OHIO REVISED CODE. THE STATED PURPOSE OF THE CORPORATION IS TO ADVANCE, ENCOURAGE, AND PROMOTE THE INDUSTRIAL, COMMERCIAL, CIVIC, AND ECONOMIC DEVELOPMENT OF THE CITY OF CUYAHOGA FALLS, OHIO UNDER APPLICABLE SECTIONS OF THE OHIO REVISED CODE. THE CORPORATION PROVIDES "GAP" FINANCIAL ASSISTANCE TO ELIGIBLE BUSINESSES IN THE CITY OF CUYAHOGA FALLS. FINANCIAL ASSISTANCE IS PROVIDED TO FOR- PROFIT ORGANIZATIONS THAT ARE INELIGIBLE FOR FINANCING THROUGH TRADITIONAL LENDING INSTITUTIONS. THE CIC FINANCING WILL NOT EXCEED 30% OF THE ORGANIZATION'S TOTAL PROJECT EXPENSES. THE FUNDING IS USED FOR THE PURCHASE OF EQUIPMENT AND/OR ASSETS FOR THE BUSINESS. ASSISTANCE IS PROVIDED IN INCREMENTS BETWEEN 50,000-100,000, DEPENDING ON THE NEEDS OF THE BUSINESS. PAYMENTS ARE DEFERRED FOR THE FIRST YEAR OF FINANCING AND THEN AMORTI
Executive compensation
Form 990 · Schedule J · 7 reported individuals · Filing year 2024
Percentile bands compare each position's total pay with the same role at nonprofits nationwide, across all sectors.
| Position | Total |
|---|---|
Trustee Board Member 75th to 90th percentile | $56k $60k |
Trustee Board Member Median to 75th percentile | $48k $52k |
Trustee Board Member Median to 75th percentile | $46k $50k |
President 25th percentile to median | $46k $49k |
Secretary Officer (Unspecified) | $42k $46k |
Vice Preside Vice President 25th percentile to median | $36k $39k |
Treasurer Officer (Unspecified) | $31k $34k |
Teal figures restate each filed amount in 2026 dollars.
Estimated with BLS CPI-U for the Midwest region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.
Plus 3 unpaid individuals.
Up 13%
from 2023
From $50k in 2023 to $56k in 2024.
Estimated with BLS CPI-U for the Midwest region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.
Board Member pay rose 13% from 2023 to 2024, while revenue fell 78%.
- Chief Executive Officer pay rose 7% from 2023 to 2024.
- Vice President pay rose 19% from 2023 to 2024.
Pay for the position itself, not any one person. The officeholder may have changed between 2023 and 2024.
Revenue and expenses over time
COMMUNITY IMPROVEMENT CORPORATION OF CUYAHOGA FALLS reported revenue and expenses across 2 filing years.
Common questions about COMMUNITY IMPROVEMENT CORPORATION OF CUYAHOGA FALLS
What does the Board Member of COMMUNITY IMPROVEMENT CORPORATION OF CUYAHOGA FALLS earn?
In 2024, the Board Member of COMMUNITY IMPROVEMENT CORPORATION OF CUYAHOGA FALLS received $56,158 in total compensation. This pay is in the top quarter for Board Member roles among nonprofits nationwide, across all sectors, though not the top 10% of comparable filings. Based on IRS Form 990 data.
How does Board Member pay at COMMUNITY IMPROVEMENT CORPORATION OF CUYAHOGA FALLS compare with similar nonprofits?
Compared with the same role at nonprofits nationwide, across all sectors, the 2024 pay of the Board Member at COMMUNITY IMPROVEMENT CORPORATION OF CUYAHOGA FALLS falls between the 75th and 90th percentiles.
What are COMMUNITY IMPROVEMENT CORPORATION OF CUYAHOGA FALLS's revenue and expenses?
In 2024, COMMUNITY IMPROVEMENT CORPORATION OF CUYAHOGA FALLS reported $440k in total revenue and $152k in total expenses on its IRS Form 990.
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