Community Improvement Corporation
- Assets
- $616.9k
- Revenue
- $406.8k
- Investments
- $0.0
- Employees
- 4
- Location
- Defiance, OH
- Founding
- 05/1968
- Data as of
- 12/2023
- EIN
- 34-6563630
Organization Overview
Community Improvement Corporation is located in Defiance, OH. The organization was established in 1968. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2023, Community Improvement Corporation employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Community Improvement Corporation is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2023, Community Improvement Corporation generated $406.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (9.6%) each year. All expenses for the organization totaled $447.7k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (8.5%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE ECONOMIC DEVELOPMENT
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION VERIFIES INDUSTRIAL REVENUE BOND APPLICATIONS AND COORDINATES ALL ECONOMIC DEVELOPMENT ACTIVITY (I.E. RETENTION, EXPANSION AND ATTRACTION) OF DEFIANCE COUNTY, OHIO.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Erika Willitzer Executive Di | Officer | 40 | $113,636 |
Dave Hire Secretary | OfficerTrustee | 40 | $14,000 |
Dave Figley Treasurer | OfficerTrustee | 0.5 | $0 |
Keith Burmeister Trustee | Trustee | 0.5 | $0 |
Don Gillet Trustee | Trustee | 0.5 | $0 |
Ron Jones Trustee | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $278,404 |
| All other contributions, gifts, grants, and similar amounts not included above | $116,075 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $394,479 |
| Total Program Service Revenue | $5,035 |
| Investment income | $7,270 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $406,784 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $47,500 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $127,636 |
| Compensation of current officers, directors, key employees. | $29,809 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $103,866 |
| Pension plan accruals and contributions | $6,175 |
| Other employee benefits | $0 |
| Payroll taxes | $21,328 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $26,877 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $27,384 |
| Office expenses | $6,976 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $13,831 |
| Travel | $6,819 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $534 |
| Insurance | $2,965 |
| All other expenses | $1,777 |
| Total functional expenses | $447,673 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $99,380 |
| Savings and temporary cash investments | $268,892 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $13,750 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $206,088 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $595 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $28,185 |
| Total assets | $616,890 |
| Accounts payable and accrued expenses | $19,394 |
| Grants payable | $0 |
| Deferred revenue | $46,718 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $28,734 |
| Total liabilities | $94,846 |
| Net assets without donor restrictions | $522,044 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $616,890 |
Grants Awarded
Over the last fiscal year, Community Improvement Corporation has awarded $47,500 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
B&B MOLDED PRODUCTS INC PURPOSE: JCIP AWARD | $40,000 |
CBS BORING & MACHINE PURPOSE: JCIP AWARD | $7,500 |