Community Investment Corporation

Tucson, AZ
Tax-exempt since May 1997
EIN: 86-0837146

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Type of Nonprofit

Designated as a 501(c)(3) Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Community Improvement, Capacity Building / Urban, Community Economic Development (NTEE)

Donations to this organization are tax deductible.

Details

According to its Dec. 2022 tax filing, this nonprofit:

Reported conflict of interest transactions

Organizations must report loans, grants or business transactions with interested parties, which may include key employees and officers, their family members and any businesses in which they hold a controlling interest. These transactions must be reported on Schedule L.

Revenue

$29.1M (2022)

Expenses

$31M (2022)

Total Assets

$7.22M (2022)

Total Liabilities

$2.92M (2022)

Source: Form 990 tax filings from 2010 to 2022

Tax Filings and Audits by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Audits are required to be submitted by nonprofit organizations that spend $750,000 or more in federal grant money in a fiscal year. "Single audits" look at the entire organization's finances and compliance, while other audits are program specific. Nonprofit Explorer has PDFs of audits for some nonprofits for fiscal year 2015 and later. Audit data is from the Federal Audit Clearinghouse.

Fiscal Year Ending Dec.
2022

Revenue

$29,133,218

Expenses

$30,957,943

Net Income

-$1,824,725

Net Assets

$4,299,246

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$28,504,494	97.8%
Program Services	$585,729	2.0%
Investment Income	$21,290	0.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$21,705	0.1%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$333,851	1.1%
Professional Fundraising Fees	$0
Other Salaries and Wages	$1,267,784	4.1%

Assets/Debt
Total Assets	$7,216,465
Total Liabilities	$2,917,219
Net Assets	$4,299,246

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Daniel Knee (Executive Di)	$132,716	$0	$0
Caroline Nelson (Chief Operat)	$107,584	$0	$0
Nicholas Henry (Chief Strate)	$93,552	$0	$0
John H Payne (President)	$0	$0	$0
Steven Russo (Corporate Co)	$0	$0	$0
Kenneth M Silverman (Treasurer)	$0	$0	$0
Jeff Singleton (Secretary)	$0	$0	$0

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990

Filed on Nov. 14, 2023

Primary tax return for a nonprofit’s activities, finances, and governance

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Schedules ▼

PDF XML

Audits

Audit for a nonprofit that spends $750,000+ in federal grant money in a fiscal year

PDF

Fiscal Year Ending Dec.
2021

Revenue

$40,472,550

Expenses

$38,924,622

Net Income

$1,547,928

Net Assets

$6,266,390

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$39,687,814	98.1%
Program Services	$716,979	1.8%
Investment Income	$14,967	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$52,790	0.1%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$305,095	0.8%
Professional Fundraising Fees	$0
Other Salaries and Wages	$1,143,035	2.9%

Assets/Debt
Total Assets	$12,041,358
Total Liabilities	$5,774,968
Net Assets	$6,266,390

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Daniel Knee (Executive Di)	$124,576	$0	$0
Caroline Nelson (Chief Operat)	$90,260	$0	$0
Nicholas Henry (Chief Strate)	$90,259	$0	$0
John Payne (Chair)	$0	$0	$0
Steve Russo (Corporate Co)	$0	$0	$0
Ken Silverman (Treasurer)	$0	$0	$0
Jeff Singleton (Secretary)	$0	$0	$0

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990

Filed on Nov. 4, 2022

Primary tax return for a nonprofit’s activities, finances, and governance

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Schedules ▼

PDF XML

Audits

Audit for a nonprofit that spends $750,000+ in federal grant money in a fiscal year

PDF

Fiscal Year Ending Dec.
2020

Revenue

$4,734,096

Expenses

$4,743,213

Net Income

-$9,117

Net Assets

$4,597,952

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$3,848,956	81.3%
Program Services	$721,744	15.2%
Investment Income	$22,170	0.5%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$141,226	3.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$296,736	6.3%
Professional Fundraising Fees	$0
Other Salaries and Wages	$668,092	14.1%

Assets/Debt
Total Assets	$9,939,244
Total Liabilities	$5,341,292
Net Assets	$4,597,952

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Daniel Knee (Executive Di)	$128,767	$0	$0
Caroline Nelson (Chief Operat)	$102,652	$0	$0
Nicholas Henry (Chief Strate)	$65,316	$0	$0
Casey Lindsay (Secretary)	$0	$0	$0
John Payne (Chair)	$0	$0	$0
Ken Silverman (Treasurer)	$0	$0	$0

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990

Filed on Nov. 11, 2021

Primary tax return for a nonprofit’s activities, finances, and governance

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Schedules ▼

XML

Audits

Audit for a nonprofit that spends $750,000+ in federal grant money in a fiscal year

PDF

Fiscal Year Ending Dec.
2019

Revenue

$829,326

Expenses

$1,269,918

Net Income

-$440,592

Net Assets

$4,762,595

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$49,175	5.9%
Program Services	$651,098	78.5%
Investment Income	$128,961	15.6%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$88	0.0%
Net Inventory Sales	$0
Other Revenue	$4	0.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$280,632	22.1%
Professional Fundraising Fees	$0
Other Salaries and Wages	$367,102	28.9%

Assets/Debt
Total Assets	$8,191,423
Total Liabilities	$3,428,828
Net Assets	$4,762,595

Compensation

Key Employees and Officers	Compensation	Related	Other
Danny Knee (Executive Director)	$113,298	$0	$0
Caroline Nelson (Chief Operating Officer)	$74,817	$0	$0
Kerri Caine (Chief Strategy Officer)	$47,002	$0	$0
Flor De Liz Matus (Charter School Compliance)	$37,342	$0	$0
Casey Lindsey (Secretary)	$0	$0	$0
John Payne (Board Chair)	$0	$0	$0
Ken Silverman (Treasurer)	$0	$0	$0

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990

Filed on Nov. 16, 2020

Primary tax return for a nonprofit’s activities, finances, and governance

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Fiscal Year Ending Dec.
2018

Revenue

$1,894,067

Expenses

$1,084,620

Net Income

$809,447

Net Assets

$5,124,227

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$1,101,250	58.1%
Program Services	$628,532	33.2%
Investment Income	$43,989	2.3%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$120,296	6.4%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$294,241	27.1%
Professional Fundraising Fees	$0
Other Salaries and Wages	$284,140	26.2%

Assets/Debt
Total Assets	$9,125,588
Total Liabilities	$4,001,361
Net Assets	$5,124,227

Compensation

Key Employees and Officers	Compensation	Related	Other
Danny Knee (Executive Director)	$113,452	$0	$0
Caroline Nelson (Chief Operating Officer)	$70,333	$0	$0
Flor De Liz Matus (Charter School Compliance Officer)	$35,999	$0	$0
Casey Lindsey (Secretary)	$0	$0	$0
John Payne (Board Chair)	$0	$0	$0
Ken Silverman (Treasurer)	$0	$0	$0
Kerri Caine (Chief Strategy Officer)	$0	$0	$0

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990

Filed on Nov. 6, 2019

Primary tax return for a nonprofit’s activities, finances, and governance

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Fiscal Year Ending Dec.
2017

Revenue

$1,886,480

Expenses

$873,501

Net Income

$1,012,979

Net Assets

$4,677,537

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$1,178,468	62.5%
Program Services	$687,535	36.4%
Investment Income	$36,478	1.9%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	-$16,001
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$170,850	19.6%
Professional Fundraising Fees	$0
Other Salaries and Wages	$248,065	28.4%

Assets/Debt
Total Assets	$8,429,534
Total Liabilities	$3,751,997
Net Assets	$4,677,537

Compensation

Key Employees and Officers	Compensation	Related	Other
Danny Knee (Executive Di)	$99,856	$0	$9,194
Casey Lindsey (Secretary)	$0	$0	$0
Diane Quihuis (Treasurer)	$0	$0	$0
Stanley Lehman (Board Chair)	$0	$0	$0

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990

Filed on Sept. 19, 2018

Primary tax return for a nonprofit’s activities, finances, and governance

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Fiscal Year Ending Dec.
2016

Revenue

$633,636

Expenses

$719,482

Net Income

-$85,846

Net Assets

$3,596,502

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$19,815	3.1%
Program Services	$672,124	> 100%
Investment Income	$33,379	5.3%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	-$91,682
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$63,688	8.9%
Professional Fundraising Fees	$0
Other Salaries and Wages	$344,974	47.9%

Assets/Debt
Total Assets	$5,709,526
Total Liabilities	$2,113,024
Net Assets	$3,596,502

Compensation

Key Employees and Officers	Compensation	Related	Other
Frank Valenzuela (Executive Director (Fmr))	$89,077	$0	$13,278
Danny Knee (Executive Direc)	$63,688	$0	$0
Stanley Lehman (President)	$0	$0	$0
Diane Quihuis (Board Member)	$0	$0	$0
John Payne (Secretary)	$0	$0	$0

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990

Filed on Nov. 13, 2017

Primary tax return for a nonprofit’s activities, finances, and governance

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Fiscal Year Ending Dec.
2015

Revenue

$754,397

Expenses

$720,553

Net Income

$33,844

Net Assets

$3,579,742

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$50,476	6.7%
Program Services	$654,486	86.8%
Investment Income	$25,833	3.4%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$23,602	3.1%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$151,451	21.0%
Professional Fundraising Fees	$0
Other Salaries and Wages	$235,110	32.6%

Assets/Debt
Total Assets	$5,442,261
Total Liabilities	$1,862,519
Net Assets	$3,579,742

Compensation

Key Employees and Officers	Compensation	Related	Other
Frank Valenzuela (Executive Direc)	$132,000	$0	$11,451
Stanley Lehman (President)	$0	$0	$0
Diane Quihuis (Board Member)	$0	$0	$0
John Payne (Secretary)	$0	$0	$0

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990

Filed on Aug. 10, 2016

Primary tax return for a nonprofit’s activities, finances, and governance

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Fiscal Year Ending Dec.
2014

Revenue

$865,373

Expenses

$601,480

Net Income

$263,893

Net Assets

$3,709,223

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$6,000	0.7%
Program Services	$656,146	75.8%
Investment Income	$27,733	3.2%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$175,494	20.3%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$140,320	23.3%
Professional Fundraising Fees	$0
Other Salaries and Wages	$201,733	33.5%

Assets/Debt
Total Assets	$4,003,305
Total Liabilities	$294,082
Net Assets	$3,709,223

Compensation

Key Employees and Officers	Compensation	Related	Other
Frank Valenzuela (Executive Direc)	$132,000	$0	$12,767
Stanley Lehman (President)	$0	$0	$0
Diane Quihuis (Director)	$0	$0	$0
John Payne (Secretary)	$0	$0	$0

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990

Filed on Oct. 29, 2015

Primary tax return for a nonprofit’s activities, finances, and governance

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Fiscal Year Ending Dec.
2013

Revenue

$1,161,223

Expenses

$1,066,464

Net Income

$94,759

Net Assets

$3,559,782

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$522,454	45.0%
Program Services	$566,244	48.8%
Investment Income	$22,212	1.9%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$50,313	4.3%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$138,294	13.0%
Professional Fundraising Fees	$0
Other Salaries and Wages	$223,603	21.0%

Assets/Debt
Total Assets	$4,102,891
Total Liabilities	$543,109
Net Assets	$3,559,782

Compensation

Key Employees and Officers	Compensation	Related	Other
Frank Valenzuela (Executive Direc)	$123,400	$0	$5,156
Stanley Lehman (President & Ceo)	$0	$0	$0
Diane Quihuis (Director)	$0	$0	$0
John Payne (Secretary)	$0	$0	$0

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990

Filed on Oct. 29, 2014

Primary tax return for a nonprofit’s activities, finances, and governance

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Fiscal Year Ending Dec.
2012

Revenue

$1,196,203

Expenses

$1,729,729

Net Income

-$533,526

Net Assets

$3,316,536

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$690,932	57.8%
Program Services	$495,955	41.5%
Investment Income	$13,629	1.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	-$4,313
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$125,966	7.3%
Professional Fundraising Fees	$0
Other Salaries and Wages	$174,985	10.1%

Assets/Debt
Total Assets	$3,325,404
Total Liabilities	$8,868
Net Assets	$3,316,536

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2011

Revenue

$2,099,488

Expenses

$2,493,394

Net Income

-$393,906

Net Assets

$3,790,983

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$1,869,724	89.1%
Program Services	$592,098	28.2%
Investment Income	-$380,473
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$18,139	0.9%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$119,175	4.8%
Professional Fundraising Fees	$0
Other Salaries and Wages	$129,005	5.2%

Assets/Debt
Total Assets	$3,800,822
Total Liabilities	$9,839
Net Assets	$3,790,983

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2010

Revenue

$714,653

Expenses

$894,640

Net Income

-$179,987

Net Assets

$4,238,639

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$298,975	41.8%
Program Services	$519,390	72.7%
Investment Income	-$70,096
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	-$33,616
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$111,460	12.5%
Professional Fundraising Fees	$0
Other Salaries and Wages	$124,497	13.9%

Assets/Debt
Total Assets	$4,243,700
Total Liabilities	$5,061
Net Assets	$4,238,639

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

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Raw filing data. Includes EINs and summary financials as structured data.
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Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
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Updated November 21, 2024

Community Investment Corporation

Organization summary

Type of Nonprofit

Details

Summary charts: organization finances over time

Revenue $29.1M (2022)

Expenses $31M (2022)

Total Assets $7.22M (2022)

Total Liabilities $2.92M (2022)

Tax Filings and Audits by Year

Fiscal Year Ending Dec. 2022

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Audits

Fiscal Year Ending Dec. 2021

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Audits

Fiscal Year Ending Dec. 2020

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Audits

Fiscal Year Ending Dec. 2019

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2018

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2017

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2016

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2013

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2012

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

Revenue

$29.1M (2022)

Expenses

$31M (2022)

Total Assets

$7.22M (2022)

Total Liabilities

$2.92M (2022)

Fiscal Year Ending Dec.
2022

Fiscal Year Ending Dec.
2021

Fiscal Year Ending Dec.
2020

Fiscal Year Ending Dec.
2019

Fiscal Year Ending Dec.
2018

Fiscal Year Ending Dec.
2017

Fiscal Year Ending Dec.
2016

Fiscal Year Ending Dec.
2015

Fiscal Year Ending Dec.
2014

Fiscal Year Ending Dec.
2013

Fiscal Year Ending Dec.
2012

Fiscal Year Ending Dec.
2011

Fiscal Year Ending Dec.
2010

Fiscal Year Ending Dec.
2009

Fiscal Year Ending Dec.
2008

Fiscal Year Ending Dec.
2007

Fiscal Year Ending Dec.
2006

Fiscal Year Ending Dec.
2005

Fiscal Year Ending Dec.
2004

Fiscal Year Ending Dec.
2003

Fiscal Year Ending Dec.
2002

Fiscal Year Ending Dec.
2001