COMMUNITY INVESTMENT CORPORATION (CIC) IS A NOT-FOR-PROFIT 501(C)(3) CORPORATION. INCORPORATED IN 1973, CIC'S MISSION IS TO BE THE LEADING FORCE IN NEIGHBORHOOD REVITALIZATION THROUGH INNOVATIVE FINANCIAL PROGRAMS. IN PURSUIT OF THIS MISSION, CIC HAS BECOME THE LEADING LENDER FOR THE ACQUISITION, REHABILITATION, AND PRESERVATION OF AFFORDABLE RENTAL HOUSING THROUGHOUT THE CHICAGO METROPOLITAN AREA. CIC PROVIDES ONE OF THE VERY FEW SOURCES OF CAPITAL FOR REDEVELOPING AND MAINTAINING AFFORDABLE RENTAL HOUSING, PRIMARILY LOCATED IN LOW AND MODERATE-INCOME COMMUNITIES. CIC EXERCISES SOUND MANAGEMENT AND FISCAL PRUDENCE IN ITS OPERATIONS.
Executive compensation, broken down
Form 990 · Part VII & Schedule J · 11 reported individuals · Filing year 2023
Percentile bands compare each position's total pay with the same role at Housing & Shelter organizations in Illinois.
- Base
- $46k
- Bonus
- $358k
- Other
- $360
- Benefits
- $13k
- Base
- $243k
- Bonus
- $85k
- Other
- $552
- Benefits
- $2k
- Base
- $207k
- Bonus
- $53k
- Other
- $3k
- Benefits
- $23k
- Base
- $201k
- Bonus
- $44k
- Other
- $360
- Benefits
- $32k
- Base
- $159k
- Bonus
- $37k
- Other
- $240
- Benefits
- $13k
- Base
- $179k
- Bonus
- —
- Other
- $5k
- Benefits
- $23k
- Base
- $137k
- Bonus
- $21k
- Other
- $240
- Benefits
- $19k
- Base
- $122k
- Bonus
- $17k
- Other
- $2k
- Benefits
- $30k
- Base
- $126k
- Bonus
- $13k
- Other
- $360
- Benefits
- $30k
- Base
- $141k
- Bonus
- $22k
- Other
- $360
- Benefits
- $999
| Position | Base | Bonus | Other | Benefits | Total |
|---|---|---|---|---|---|
Aquisition Manager Highest Compensated Employee Above 90th percentile | $46k | $358k | $360 | $13k | $434k |
President Above 90th percentile | $243k | $85k | $552 | $2k | $355k |
Svp/director of Lending Above 90th percentilevs Housing & Shelter peers nationwide | $207k | $53k | $3k | $23k | $307k |
Treasurer/cfo Above 90th percentile | $201k | $44k | $360 | $32k | $296k |
Cii Vice President Vice President Above 90th percentilevs Housing & Shelter peers nationwide | $159k | $37k | $240 | $13k | $224k |
Loan Officer Highest Compensated Employee Above 90th percentile | $179k | — | $5k | $23k | $216k |
Director of Communications Above 90th percentilevs Housing & Shelter peers nationwide | $137k | $21k | $240 | $19k | $190k |
Senior Construction Inspector Highest Compensated Employee 75th to 90th percentile | $122k | $17k | $2k | $30k | $182k |
Construction Manager Highest Compensated Employee 75th to 90th percentile | $126k | $13k | $360 | $30k | $182k |
Vp/director of Credit Admin Key Employee 75th to 90th percentilevs Housing & Shelter peers nationwide | $141k | $22k | $360 | $999 | $176k |
Assistant Secretary Secretary (Operational) Above 90th percentilevs Housing & Shelter peers nationwide | — | — | — | — | $99k |
Plus 15 unpaid individuals.
Top pay as a share of expenses
In 2023, the highest total compensation at COMMUNITY INVESTMENT CORPORATION equaled 2% of the organization's total expenses. The median for housing & shelter organizations is 7%.
Based on 7,888 housing & shelter organizations, each measured at its most recent filing year with reported expenses and compensation.
Funded by
Private foundations whose Form 990-PF Part XV grants matched this organization.
Up 40%
from 2022
From $311k in 2022 to $434k in 2023.
Highest Compensated Employee pay rose 148% from 2022 to 2023, while revenue rose 119%.
- Chief Executive Officer pay rose 14% from 2022 to 2023.
- Director (Operational) pay rose 4% from 2022 to 2023.
Pay for the position itself, not any one person. The officeholder may have changed between 2022 and 2023.
Among peers
Revenue and top compensation, plotted against similar organizations. This organization is highlighted in cyan.
Common questions about COMMUNITY INVESTMENT CORPORATION
What does the Highest Compensated Employee of COMMUNITY INVESTMENT CORPORATION earn?
In 2023, the Highest Compensated Employee of COMMUNITY INVESTMENT CORPORATION received $434,233 in total compensation. This pay is in the top 10% for Highest Compensated Employee roles among Housing & Shelter organizations in Illinois: at least 9 in 10 comparable filings report less. Based on IRS Form 990 data.
How does Highest Compensated Employee pay at COMMUNITY INVESTMENT CORPORATION compare with similar nonprofits?
Compared with the same role at Housing & Shelter organizations in Illinois, the 2023 pay of the Highest Compensated Employee at COMMUNITY INVESTMENT CORPORATION falls in the top 10%. In 2023, the highest total compensation at COMMUNITY INVESTMENT CORPORATION equaled 2% of the organization's total expenses. The median for housing & shelter organizations is 7%.
What are COMMUNITY INVESTMENT CORPORATION's revenue and expenses?
In 2023, COMMUNITY INVESTMENT CORPORATION reported $38.6M in total revenue and $21.1M in total expenses on its IRS Form 990.
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