International Institute Community Development Corporation

Nonprofit profile at a glance

EIN
161765276
IRS 990 coverage
2013–2024
Forms available
Form 990 2024
Location
St Louis, MO, USA
Phone
3147739090
Rating
81
Verdict
STRONG
Rating confidence
Moderate
Sector
Ethnic, Immigrant Centers

Official website

Reported finances

Revenue
$62,767
Expenses
$120,460
Assets
$1,052,882
Liabilities
$629,361

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

17 people listed

Executive titles in this filing

  • KARLOS RAMIREZ (IICDC/IISTL PRESIDENT (AS OF 2/24))
  • ARREY OBENSON (IICDC/IISTL PRESIDENT (THRU 12/24))

Highest reported compensation

  • ARREY OBENSON (IICDC/IISTL PRESIDENT (THRU 12/24)): $236,132 total reported compensation
  • KARLOS RAMIREZ (IICDC/IISTL PRESIDENT (AS OF 2/24)): $200,859 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The international institute community development corporation's mission is to advance the long-term self-sufficiency of immigrants in the st. Louis metro area through microlending and other asset-building strategies.

What it reported doing in 2024

See schedule o.the microenterprise and asset building program of the international institute community development corporation (iicdc) focuses on 1) credit, asset, and business training and technical assistance for immigrants, 2) micro lending to immigrant entrepreneurs, 3) credit builder loans, 4) asset-building for immigrants and, 5) income tax preparation assistance. Using funds from the office of refugee resettlement (orr), local bank lines of credit, cdfi financial assistance (when applicable) and institutional donors, we provide micro-loans of up to $65,000 to qualified immigrant entrepreneurs. Our business products are supported by wrap around business development assistance and training. We cover topics such as credit counseling, business plan development, financial modeling and market analysis. Incorporated in 2006, iicdc is dedicated to expanding our micro-lending services to the broader immigrant community. The iicdc and the international institute of metropolitan st. Louis (iistl) (ii) are separately organized entities, each with 501(c)(3) status. Iicdc is organized as a supporting organization of the iistl. The iicdc received cdfi (community development financial institution) status from the u.s. Department of the treasury in 2008. The iicdc advisory board includes members who represent the target lending markets and supporting organizations. Iicdc lending capital comprises of access up to $500,000 of credit between partnering banks including pnc bank, midwest bankcentre and carrollton bank. There is $227,622 currently borrowed by the iicdc between the three banks. In 2024, iicdc made 29 new loans to immigrant and refugee entrepreneurs in the fiscal year of 2024, totaling $90,100. During this year, our portfolio managed 51 active loans (throughout the course of the year) with the outstanding balance of $152,102 (as of december 31, 2024). For the yearly free tax preparation services in collaboration with aarp and vita (volunteer income tax assistance program, we hosted sessions twice per week during the service period. This amounted to a total of 772 returns that were filed for the 2024 tax year.

Operating model

Revenue model
Earned-program. 93% of the money available for current operations came from fees and other program revenue.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Revenue has declined or grown slowly and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 87
  • Transparency & Controls: 77
  • Accountability: 95
  • Sustainability: 30
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 95.1%; rating input score 95
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: 3 of 6 controls in place; rating input score 50
    • Compensation committee: Pass
    • Independent consultant: Missing
    • Other Form 990s reviewed: Pass
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
  • Governance controls: 7 of 8 controls in place; rating input score 88
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Fail
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -91.9%; rating input score 22; 22nd percentile among comparable filings
  • Total-asset coverage ratio: 8.74; rating input score 60; 60th percentile among comparable filings
  • Liabilities to assets ratio: 0.6; rating input score 10; 10th percentile among comparable filings
  • Officer compensation ratio: 39.6%; rating input score 8; 8th percentile among comparable filings

Growth

  • Program expense growth: 2.2% per year; rating input score 100; 58th percentile among comparable filings
  • Revenue growth: -9.3% per year; rating input score 0; 33rd percentile among comparable filings
  • Asset growth: 3.9% per year; rating input score 100; 61st percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 95.1% of spending went to programs
  • Governance: 14 of 14 board members independent · 7 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $115K in reported program spending
  • Leadership: top reported pay $236K · 17 people listed · 3 of 6 pay-setting controls reported
  • Consistency: 23 of 23 current checks pass
  • Schedules: 5 filed schedules · includes executive pay
  • Filing history: 11 filing years from 2013 to 2024
  • Contacts: How to reach this organization
  • Related organizations: 1 filed related-organization link
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Operating margin scored 22/100.
  • Review — Accountability: Governance controls: CEO compensation review process not reported.
  • High — Sustainability: Officer compensation ratio scored 8/100.
  • High — Sustainability: Liabilities to assets ratio scored 10/100.