Overview
What is River City Capital Investment Corp?
River City Capital Investment Corp is a Community Development Financial Institution, headquartered in Memphis, Tennessee. With a team of five dedicated individuals, this nonprofit organization specializes in providing financial assistance and services to distressed and lower-income communities. Their activities encompass offering small business loans and housing development loans, as well as offering technical support. This helps in fostering economic growth and improving living conditions in these areas, thereby contributing to the overall betterment of the community.
Is River City Capital Investment Corp legitimate?
River City Capital Investment Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. River City Capital Investment Corp submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Here are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $334,435
For more financial information, click here
What is the mission statement of River City Capital Investment Corp?
River City Capital Investment Corp serves as a Community Development Financial Institution, providing financial aid through small business and housing development loans, as well as technical assistance. Their mission is geared towards supporting distressed and lower-income communities by offering loan funding services. By doing so, they aim to contribute positively to these communities' economic growth and development. The organization's activities also extend to offering technical assistance, which can help businesses and communities thrive.
Who is the CEO of River City Capital Investment Corp?
Eric Robertson is the Board Member of River City Capital Investment Corp.
What is the revenue of River City Capital Investment Corp?
River City Capital Investment Corp's revenue in 2022 was $1,200,472.
Who are the executives of River City Capital Investment Corp and what are their salaries?
The average compensation at River City Capital Investment Corp during 2022 was $66,887. There are 5 employees at River City Capital Investment Corp.
Here are 13 key members and their salaries:
- Ron Brooks (President) [Trustee/Director]
- Luther Mercer (Past President) [Trustee/Director]
- Mr Mark Yates (Board Member) [Trustee/Director]
- Ms Gwyn Fisher (Chairwoman) [Trustee/Director]
- Ms Michelle Couch (Secretary) [Trustee/Director]
- Ms Andrea Johnson (Board Member) [Trustee/Director]
- Mr Phillip May (Board Member) [Trustee/Director]
- Mr John Lawrence (Board Member) [Trustee/Director]
- Mr Sean Norris (Board Member) [Trustee/Director]
- Mr Joshua Poag (Board Member) [Trustee/Director]
- Mr John Daniel (Vice Chairman) [Trustee/Director]
- Ms Carlee Mccullough (Board Member) [Trustee/Director]
- Mr Larry Neal (Board Member) [Trustee/Director]
Where can I find the form 990 for River City Capital Investment Corp?
The River City Capital Investment Corp’s most recent form 990 was submitted in 2022 and can be accessed here
Mission Statement of River City Capital Investment Corp
River City Capital Investment Corp, as a Community Development Financial Institution, is committed to providing small business and housing development loans, alongside technical assistance, in underserved, economically disadvantaged communities. Their mission is geared towards facilitating loan funding and financial services in these distressed areas, thereby contributing to their revitalization and improvement. The organization's objective is to foster economic growth and development in these communities, thereby improving the living conditions and opportunities for their residents.
Impact
This information is meant to be a general summary of River City Capital Investment Corp. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
River City Capital Investment Corp's impact can be seen in the revitalization and economic development of distressed and lower-income communities in Memphis, TN. By providing small business and housing development loans, as well as financial services, they play a crucial role in supporting local entrepreneurs and developers in these communities. Through their efforts, River City Capital Investment Corp contributes to the growth and improvement of the local economy, fostering community improvement and empowerment.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Assets and Liabilities:
Organization Details
Founding Year
2013
Phone
(901) 521-4232
Principal Officer
Eric Robertson
Main Address
119 South Court Square, Memphis, TN, 38103
NTEE Category
Code: S20 - Community improvement
If you are a representative of River City Capital Investment Corp and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.