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 · Schedule J · 11 reported individuals · Filing year 2023
| Base salary | Bonus | Other compensation | Benefits | Executive compensation | |
|---|---|---|---|---|---|
Aquisition Manager highest compensated employee $434k | |||||
Svp/director of Lending director (operational) $307k | |||||
Cii Vice President vice president $224k | |||||
Loan Officer highest compensated employee $216k | |||||
Director of Communications director (operational) $190k | |||||
Senior Construction Inspector highest compensated employee $182k | |||||
Construction Manager highest compensated employee $182k | |||||
Vp/director of Credit Admin key employee $176k | |||||
Assistant Secretary secretary (operational) $99k | |||||
Plus 15 unpaid individuals.
Up 40%
from 2022
From $311k in 2022 to $434k in 2023.
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