Nonprofits›River City Capital Investment Corp

Community Improvement & Capacity Building

River City Capital Investment Corp

MEMPHIS, TN

Total revenue

$997K

Total expenses

$741K

Net assets

$3.5M

Grants received

$2.4M

13 grants

EIN

273941432

Tax year

2023

Mission

River City Capital LLC is a CDFI(Community Development Financial Institution) with a dedicated mission to accelerate shared prosperity & revitalization in underserved communities through the provisions of capital in Memphis & Shelby County.

Financials

FY 2023

Revenue

Contributions & grants$743K
Program service revenue$182K
Investment income$83K
Other revenue—
Total revenue$997K

Expenses

Grants paid—
Salaries & benefits$392K
Fundraising—
Other expenses$349K
Total expenses$741K
Total assets$6.8M
Net assets$3.5M

People

11 listed

NameRoleCompensation

Luther Mercer

President

Board

$52K

4 hrs/wk

Summer Owens

Board Member

Board

—

2 hrs/wk

Michelle Couch

Secretary

Board

—

2 hrs/wk

Mark Yates

Board Member

Board

—

2 hrs/wk

Phillip May

Treasurer

Board

—

2 hrs/wk

Sean Norris

Board Member

Board

—

3 hrs/wk

Patrice Thomas

Board Member

Board

—

3 hrs/wk

Dr Joann Massey

Board Member

Board

—

3 hrs/wk

Andrea Johnson

Treasurer

Board

—

3 hrs/wk

Larry Neal Jr

Board Member

Board

—

3 hrs/wk

John Daniel

Vice Chairman

Board

—

3 hrs/wk

Grants received

Showing 13 of 13

FromAmountPurposeYear
COMMUNITY LIFT CORP
$360K
Surdna Grant
2023
OPPORTUNITY FINANCE NETWORK
$250K
FINANCE JUSTICE FUND SUBGRANT
2023
TRUIST FOUNDATION INC
$250K
GENERAL OPERATING
2022
THE KRESGE FOUNDATION
$150K
SUPPORTING RIVER CITY CAPITAL'S STRATEGIC GROWTH PLAN
2022
COMMUNITY FOUNDATION
$400K
GENERAL OPERATIONAL SUPPORT
2021
The Bank of America Charitable Foundation Inc
$50K
OPERATIONAL SUPPORT
2021
The Bank of America Charitable Foundation Inc
$4K
OPERATIONAL SUPPORT
2021
COMMUNITY FOUNDATION
$750K
GENERAL OPERATIONAL SUPPORT
2020
THE KRESGE FOUNDATION
$100K
THE ROAD TO RECOVERY INITIATIVE SEEKS TO ADDRESS THE CAPITAL NEEDS TO RE-OPEN FOR SMALL NEIGHBORHOOD BUSINESSES IN LOW TO MODERATE INCOME COMMUNITIES OF COLOR AFTER A CITYWIDE QUARANTINE DUE TO COVID-19.
2020
OPPORTUNITY FINANCE NETWORK
$50K
COVID-19 GRANT
2020
OPPORTUNITY FINANCE NETWORK
$50K
COVID-19 GRANT
2020
The Bank of America Charitable Foundation Inc
$23K
GENERAL SUPPORT
2020
The Bank of America Charitable Foundation Inc
$3K
GENERAL SUPPORT
2020

Funded by

$2.4M from 6 funders · 13 grants · 2020–2023

Community Foundation

$1.1M · 2 grants · 2020–2021

Community Lift Corp

$360K · 1 grant · 2023

Opportunity Finance Network

$350K · 3 grants · 2020–2023

Truist Foundation Inc

$250K · 1 grant · 2022

The Kresge Foundation

$250K · 2 grants · 2020–2022

The Bank of America Charitable Foundation Inc

$79K · 4 grants · 2020–2021

Details

EIN273941432
NTEE codeS20
Subsection03
Ruling date2013-04
Formed2010
Employees8
Volunteers0
RIVER CITY CAPITAL INVESTMENT CORP — Mission, Financials & Grants Received | Grantivo