Nonprofit · EIN 27-3989674
COMMUNITY INVESTMENT FUND OF INDIANA INC
Tax-exempt · INDIANAPOLIS, IN 46240
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $639,463 | $865,723 | -$226,260 | $5,204,662 | $2,256,455 | $2,948,207 |
| June 30, 2024 | 990 | $621,024 | $777,165 | -$156,141 | $5,423,271 | $2,248,804 | $3,174,467 |
| June 30, 2023 | 990 | $363,851 | $807,038 | -$443,187 | $5,078,746 | $1,748,138 | $3,330,608 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $64,650
- Program service revenue
- $514,939
- Investment income
- $59,874
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $55,000
- Compensation of officers, directors and key employees
- $94,911
- Other salaries and wages
- $148,468
- Salaries, compensation and benefits (total)
- $273,415
- Professional fundraising fees
- $0
- Legal fees
- $17,429
- Accounting fees
- $15,375
- Occupancy
- $4,200
- Travel
- $11,578
- Depreciation
- $1,018
- Program services (functional)
- $552,387
- Management and general (functional)
- $313,336
Balance sheet and other
- Total assets, start of year
- $5,423,271
- Total assets, end of year
- $5,204,662
- Total liabilities, end of year
- $2,256,455
- Net assets, end of year
- $2,948,207
- Net assets without donor restrictions
- $1,660,751
- Net assets with donor restrictions
- $1,287,456
- Gross receipts
- $639,463
- Employees
- 3
- Volunteers
- 13
- Year formed
- 2010
- State of legal domicile
- IN
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| PHILLIP BLACK | EXECUTIVE DIRECTOR Officer | 45 | $84,862 | $8,314 |
| CAROL GASSEN | DIRECTOR Trustee or director | 5 | $0 | $0 |
| COREY JENNINGS | DIRECTOR Trustee or director | 5 | $0 | $0 |
| DARNELL JACKSON | DIRECTOR Trustee or director | 5 | $0 | $0 |
| J JACOB SIPE | DIRECTOR Trustee or director | 5 | $0 | $0 |
| JENNIFER BARTENBACH | DIRECTOR Trustee or director | 5 | $0 | $0 |
| SHARRON LIGGINS | DIRECTOR Trustee or director | 5 | $0 | $0 |
| SHERRY BOUDOIN | DIRECTOR Trustee or director | 5 | $0 | $0 |
| MATTHEW B MURPHY | BOARD PRESIDENT Trustee or director, Officer | 10 | $0 | $0 |
| CHARLES KENNEDY | PAST BOARD PRESIDENT Trustee or director, Officer | 5 | $0 | $0 |
| KRISTIN PRUITT | BOARD SECRETARY Trustee or director, Officer | 10 | $0 | $0 |
| TODD FLICK | BOARD TREASURER Trustee or director, Officer | 10 | $0 | $0 |
990 for the year ended June 30, 2024: 10 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| PHILLIP BLACK | EXECUTIVE DIRECTOR Officer | 45 | $86,026 | $7,548 |
| CAROL GASSEN | DIRECTOR Trustee or director | 5 | $0 | $0 |
| DARNELL JACKSON | DIRECTOR Trustee or director | 5 | $0 | $0 |
| J JACOB SIPE | DIRECTOR Trustee or director | 5 | $0 | $0 |
| SCHIELA PENA | DIRECTOR Trustee or director | 5 | $0 | $0 |
| SHARRON LIGGINS | DIRECTOR Trustee or director | 5 | $0 | $0 |
| MATTHEW B MURPHY | BOARD PRESIDENT Trustee or director, Officer | 10 | $0 | $0 |
| CHARLES KENNEDY | PAST BOARD PRESIDENT Trustee or director, Officer | 5 | $0 | $0 |
| KRISTIN PRUITT | BOARD SECRETARY Trustee or director, Officer | 10 | $0 | $0 |
| TODD FLICK | BOARD TREASURER Trustee or director, Officer | 10 | $0 | $0 |
990 for the year ended June 30, 2023: 12 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| PHILLIP BLACK | EXECUTIVE DIRECTOR Officer | 45 | $85,000 | $8,812 |
| FRANK FOSTER | DIRECTOR Trustee or director | 5 | $0 | $0 |
| CAROL GASSEN | DIRECTOR Trustee or director | 5 | $0 | $0 |
| DARNELL JACKSON | DIRECTOR Trustee or director | 5 | $0 | $0 |
| CARRIE KOSAC | DIRECTOR Trustee or director | 5 | $0 | $0 |
| SHARRON LIGGINS | DIRECTOR Trustee or director | 5 | $0 | $0 |
| J JACOB SIPE | DIRECTOR Trustee or director | 5 | $0 | $0 |
| SCHIELA PENA | DIRECTOR Trustee or director | 5 | $0 | $0 |
| MATTHEW B MURPHY | BOARD PRESIDENT Trustee or director, Officer | 10 | $0 | $0 |
| CHARLES KENNEDY | PAST BOARD PRESIDENT Trustee or director, Officer | 5 | $0 | $0 |
| KRISTIN PRUITT | BOARD SECRETARY Trustee or director, Officer | 10 | $0 | $0 |
| TODD FLICK | BOARD TREASURER Trustee or director, Officer | 10 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 4181 E 96TH ST STE 200, INDIANAPOLIS, IN 46240-3814
- In care of
- % PHIL BLACK
- Principal officer (990 for 2024)
- MATTHEW B MURPHY, 4181 E 96TH STREET SUITE 200, INDIANAPOLIS, IN 46240
- Signed the 990
- MATTHEW B MURPHY, BOARD PRESIDENT
- Phone
- (317) 960-3710
- Website
- WWW.CAPITALIZINGINDIANA.ORG
- Return prepared by
- BLUE & CO LLC
Mission
THE COMMUNITY INVESTMENT FUND OF INDIANA FINANCES PROJECTS TO BUILD VIBRANT COMMUNITIES AND RESILIENT FAMILIES. WE PROVIDE CAPITAL, MAKE CONNECTIONS TO THE SAME, AND FACILITATE ACCESS TO PROGRAM SERVICES FOR TRANSFORMATIVE COMMUNITY REINVESTMENT.
Program accomplishments
- COMMUNITY INVESTMENT FUND OF INDIANA IS A MISSION DRIVEN STATE-WIDE ORGANIZATION CERTIFIED BY THE U.S. DEPARTMENT OF TREASURY'S COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION FUND. CIFI PROVIDES LOANS AND DEVELOPMENT SERVICES TO LOW INCOME INDIVIDUALS AND ORGANIZATIONS WHO LACK ADEQUATE ACCESS TO CAPITAL. THE ORGANIZATION WORKS WITH NEW CUSTOMERS AS WELL AS AN EXISTING PORTFOLIO OF CUSTOMERS WHO HAVE LOANS AND NEED BUSINESS TECHNICAL ASSISTANCE. CIFI TRACKS CUSTOMERS AND MEASURES ECONOMIC IMPACT IN UNDERSERVED MARKETS. AT THE END OF THE FISCAL YEAR ITS ACTIVE PORTFOLIO IS $5,242,707.Expenses $552,387 · grants $55,000 · revenue $514,939
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 27-3989674
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2013
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S30)
- Assets (IRS master file)
- $5,204,662
- Income (IRS master file)
- $639,463
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $639,463 | $865,723 | $5,204,662 | XML |
| 990 | June 2024 | $621,024 | $777,165 | $5,423,271 | XML |
| 990 | June 2023 | $363,851 | $807,038 | $5,078,746 | XML |
| 990 | June 2022 | $2,295,698 | $1,036,316 | $5,335,616 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 27-3989674).
Questions about COMMUNITY INVESTMENT FUND OF INDIANA INC
- What is the EIN of COMMUNITY INVESTMENT FUND OF INDIANA INC?
- The employer identification number (EIN) of COMMUNITY INVESTMENT FUND OF INDIANA INC is 27-3989674.
- Is COMMUNITY INVESTMENT FUND OF INDIANA INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2013.
- Are donations to COMMUNITY INVESTMENT FUND OF INDIANA INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does COMMUNITY INVESTMENT FUND OF INDIANA INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of COMMUNITY INVESTMENT FUND OF INDIANA INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did COMMUNITY INVESTMENT FUND OF INDIANA INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of COMMUNITY INVESTMENT FUND OF INDIANA INC?
- The 990 for the year ended June 30, 2025 names MATTHEW B MURPHY.
- Who are the officers and directors of COMMUNITY INVESTMENT FUND OF INDIANA INC?
- The 990 for the year ended June 30, 2025 lists 12 people; 1 received compensation from the organization, the highest $84,862 (PHILLIP BLACK, EXECUTIVE DIRECTOR).
- How much revenue does COMMUNITY INVESTMENT FUND OF INDIANA INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $639,463, expenses of $865,723 and total assets of $5,204,662 at year end.
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