IRS 990 Nonprofit Profile

Community Improvement Corporation Of Cuyahoga Falls

The community improvement corporation of cuyahoga falls was formed in july 1970 and incorporated as a corporation not-for-profit under title xvii, chapters 1702 and 1724 of the ohio revised code. the stated purpose of the corporation is to advance, encourage, and promote the industrial, commercial, civic, and economic development of the city of cuyahoga falls, ohio under applicable sections of the ohio revised code. the corporation provides "gap" financial assistance to eligible businesses in the city of cuyahoga falls. financial assistance is provided to for- profit organizations that are ineligible for financing through traditional lending institutions. the cic financing will not exceed 30% of the organization's total project expenses. the funding is used for the purchase of equipment and/or assets for the business. assistance is provided in increments between 50,000-100,000, depending on the needs of the business. payments are deferred for the first year of financing and then amorti

Filing year

2024

Total revenue

$440K

Total expenses

$152K

Program expenses

$145K

Administration

$7K

Fundraising

$0

Program share of expenses

96%

EIN

341719633

Location

Cuyahoga Falls, OH