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EIN 27-3941432

River City Capital Investment Corp

IRS 501(c) type
501(c)(3)
Num. employees
5
City
Memphis
State
Tennessee
Year formed
2013
Most recent tax filings
2022-06-01
NTEE code, primary
S43: Management Services for Small Business, Entrepreneurs
Description
River City Capital Investment Corp offers small business and housing development loans, as well as technical support. Its programs focus on loan funding and financial services in distressed, lower-income communities. The corporation operates as a Community Development Financial Institution.
Total revenues
$1,200,472
2022
Total expenses
$939,223
2022
Total assets
$4,501,798
2022
Num. employees
5
2022

Program areas at River City Capital Investment Corp

Loan funding and financial services in distressed, lower-income communities.

Who funds River City Capital Investment Corp

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Community Foundation of Greater MemphisGeneral Operational Support$400,000
Kresge FoundationSupporting River City Capital's Strategic Growth Plan$150,000
Simmons First FoundationEconomic Development$25,000

Personnel at River City Capital Investment Corp

NameTitleCompensation
Luther MercerChief Executive Officer$26,583
Ron BrooksPresident$32,500
Eric RobertsonChief Executive Officer / President$0

Financials for River City Capital Investment Corp

RevenuesFYE 06/2022
Total grants, contributions, etc.$1,105,460
Program services$0
Investment income and dividends$80,389
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$14,623
Total revenues$1,200,472

Form 990s for River City Capital Investment Corp

Fiscal year endingDate received by IRSFormPDF link
2022-062023-04-30990View PDF
2021-062022-08-28990View PDF
2021-062022-05-16990View PDF
2020-062021-05-26990View PDF
2019-062021-02-17990View PDF
...and 8 more Form 990s
Data update history
July 10, 2023
Posted financials
Added Form 990 for fiscal year 2022
July 1, 2023
Updated personnel
Identified 4 new personnel
June 10, 2023
Posted financials
Added Form 990 for fiscal year 2021
May 21, 2023
Updated personnel
Identified 2 new personnel
May 12, 2023
Received grants
Identified 3 new grant, including a grant for $750,000 from Community Foundation of Greater Memphis
Nonprofit Types
Business and community development organizationsCharities
Issues
Business and industry
Characteristics
Tax deductible donations
General information
Address
119 S Sq
Memphis, TN 38103
Metro area
Memphis, TN-MS-AR
Phone
(901) 521-4232
IRS details
EIN
27-3941432
Fiscal year end
June
Taxreturn type
Form 990
Year formed
2013
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
S43: Management Services for Small Business, Entrepreneurs
NAICS code, primary
522120: Savings Institutions
Parent/child status
Independent
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