Civic Intelligence

CIVIC Investments Inc.

EIN 04-3166416 • 501(c)3 • Boston, MA

Pub. 78 Eligible

Profile

Serve as a conduit for financing to non-profits.

99 High Street 11th FloorBoston, MA 02110

www.massdevelopment.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

60th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • <$500k nonprofits • Source year 2025

Liabilities / Revenue

62nd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • <$500k nonprofits • Source year 2025

Net Margin

99th percentile

100%

Higher net margin than 99% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2025

Top Officer Pay

81st percentile

$0

Higher top officer pay than 81% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)3 • <$500k nonprofits • Source year 2025

Asset Growth

62nd percentile

4.7%

Faster asset growth than 62% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2024 to 2025

Revenue Growth

58th percentile

4.1%

Faster revenue growth than 58% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2024 to 2025

Balance Sheet
Liabilities / Assets60th percentile

Assets

Up

$454,695

Up $20,526 (+4.7%) from 2024

Liabilities

Down

$0

Down $3,095 (-100%) from 2024

Net Assets

Up

$454,695

Up $23,621 (+5.5%) from 2024

Operations
Liabilities / Revenue62nd percentileNet Margin99th percentile

Revenue

Up

$23,621

Up $934 (+4.1%) from 2024

Expenses

Down

$0

Down $3,592 (-100%) from 2024

Net Income

Up

$23,621

Up $4,526 (+24%) from 2024

Trend Graphs

Balance Sheet Trend

Asset Growth62nd percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$600K$400K$200K$0Assets 2011: $418,560Liabilities 2011: $10,9162011Assets 2012: $407,318Liabilities 2012: $6,6962012Assets 2013: $407,738Liabilities 2013: $9,574Net Assets 2013: $398,1642013Assets 2014: $407,829Liabilities 2014: $11,994Net Assets 2014: $395,8352014Assets 2015: $407,917Liabilities 2015: $14,504Net Assets 2015: $393,4132015Assets 2016: $409,096Liabilities 2016: $17,088Net Assets 2016: $392,0082016Assets 2017: $394,803Liabilities 2017: $2,549Net Assets 2017: $392,2542017Assets 2018: $397,529Liabilities 2018: $2,882Net Assets 2018: $394,6472018Assets 2019: $403,910Liabilities 2019: $2,856Net Assets 2019: $401,0542019Assets 2020: $407,353Liabilities 2020: $3,031Net Assets 2020: $404,3222020Assets 2021: $404,635Liabilities 2021: $3,032Net Assets 2021: $401,6032021Assets 2022: $402,395Liabilities 2022: $3,116Net Assets 2022: $399,2792022Assets 2023: $414,825Liabilities 2023: $2,846Net Assets 2023: $411,9792023Assets 2024: $434,169Liabilities 2024: $3,095Net Assets 2024: $431,0742024Assets 2025: $454,695Liabilities 2025: $0Net Assets 2025: $454,6952025

Highlighted filing

2025

Assets$454,695
Liabilities$0
Net Assets$454,695
Open 2025 Filing

Operations Trend

Revenue Growth58th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$40K$20K$0-$20KRevenue 2011: $618Expenses 2011: $19,079Net Income 2011: -$18,4612011Revenue 2012: $511Expenses 2012: $7,533Net Income 2012: -$7,0222012Revenue 2013: $445Expenses 2013: $2,903Net Income 2013: -$2,4582013Revenue 2014: $91Expenses 2014: $2,420Net Income 2014: -$2,3292014Revenue 2015: $88Expenses 2015: $2,510Net Income 2015: -$2,4222015Revenue 2016: $1,179Expenses 2016: $2,584Net Income 2016: -$1,4052016Revenue 2017: $2,998Expenses 2017: $2,752Net Income 2017: $2462017Revenue 2018: $5,587Expenses 2018: $3,195Net Income 2018: $2,3922018Revenue 2019: $9,353Expenses 2019: $2,946Net Income 2019: $6,4072019Revenue 2020: $6,471Expenses 2020: $3,203Net Income 2020: $3,2682020Revenue 2021: $348Expenses 2021: $3,067Net Income 2021: -$2,7192021Revenue 2022: $781Expenses 2022: $3,105Net Income 2022: -$2,3242022Revenue 2023: $15,581Expenses 2023: $2,881Net Income 2023: $12,7002023Revenue 2024: $22,687Expenses 2024: $3,592Net Income 2024: $19,0952024Revenue 2025: $23,621Expenses 2025: $0Net Income 2025: $23,6212025

Highlighted filing

2025

Revenue$23,621
Expenses$0
Net Income$23,621
Open 2025 Filing

Filings

Most recent year

2025 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$454,695
Liabilities
$0
Net assets
$454,695
Revenue
$23,621
Expenses
$0
Net income
$23,621
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$4.55$0.00$4.55$0.24$0.00$0.24
2024Detailed filing. Detailed filing data is available for this year.$4.34$0.03$4.31$0.23$0.04$0.19
2023Detailed filing. Detailed filing data is available for this year.$4.15$0.03$4.12$0.16$0.03$0.13
2022Detailed filing. Detailed filing data is available for this year.$4.02$0.03$3.99$0.01$0.03$0.02
2021Detailed filing. Detailed filing data is available for this year.$4.05$0.03$4.02$0.00$0.03$0.03
2020Detailed filing. Detailed filing data is available for this year.$4.07$0.03$4.04$0.06$0.03$0.03
2019Detailed filing. Detailed filing data is available for this year.$4.04$0.03$4.01$0.09$0.03$0.06
2018Detailed filing. Detailed filing data is available for this year.$3.98$0.03$3.95$0.06$0.03$0.02
2017Detailed filing. Detailed filing data is available for this year.$3.95$0.03$3.92$0.03$0.03$0.00
2016Detailed filing. Detailed filing data is available for this year.$4.09$0.17$3.92$0.01$0.03$0.01
2015Detailed filing. Detailed filing data is available for this year.$4.08$0.15$3.93$0.00$0.03$0.02
2014Detailed filing. Detailed filing data is available for this year.$4.08$0.12$3.96$0.00$0.02$0.02
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.08$0.10$3.98$0.00$0.03$0.02
2012Summary only. Only limited summary data is available for this year.$4.07$0.07$0.01$0.08$0.07
2011Summary only. Only limited summary data is available for this year.$4.19$0.11$0.01$0.19$0.18
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Apr 22, 2026
Return Version
2024v5.5
Gross Receipts
$23,621
Mission and Program Overview

Mission

Serve as a conduit for financing to non-profits.

Program Services

DescriptionGrantsExpenses
SERVE AS A CONDUIT FOR FINANCING TO NON-PROFITS$0$0
Compensation and Service Providers
Top Officer Pay81st percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
SIMON GERLINTreasurer/Director-$0--
SEAN CALNANInterim General Counsel-$0--
CYNTHIA TONUCCIInterim Evp For Finance Programs-$0--
Filing and Contact Details

Filer

Filer Name
Civic Investments Inc
EIN
04-3166416
Phone
6173302000
Address
99 HIGH STREET 11TH FLOOR, BOSTON, MA 02110

Signing Officer

Name
Simon Gerlin
Title
Director/treasurer
Phone
6173302000
Signed
2026-04-22
Discuss with paid preparer
Yes

Preparer

Firm
Cliftonlarsonallen Llp
Address
4 BATTERYMARCH PARK SUITE 100, QUINCY, MA 02169
Preparer
Danielle Nihill
Phone
7819821001
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 4 - Other Investment Income

“Description: investment income. Amount: 20,526.”

Form 990-ez, Part I, Line 8 - Other Revenue

“Description: tax expenses refund. Amount: 3,095.”

Form 990-ez, Part II, Line 26 - Other Liabilities

“Description: accrued expenses. Beg. Of year amount: 3,095. End of year amount: 0.”

Raw XML Appendix150 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990EZ/ActivitiesNotPreviouslyRptInd00
IRS990EZ/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0SIMON GERLIN
IRS990EZ/BooksInCareOfDetail/PhoneNum06173302000
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt099 HIGH ST 11TH FLOOR
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0BOSTON
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MA
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd002110
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt0434169
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt0454695
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd00
IRS990EZ/DirectIndirectPltclExpendAmt00
IRS990EZ/DonorAdvisedFndsInd00
IRS990EZ/EngagedInExcessBenefitTransInd00
IRS990EZ/ExcessOrDeficitForYearAmt023621
IRS990EZ/FiledScheduleAInd01
IRS990EZ/ForeignFinancialAccountInd00
IRS990EZ/ForeignOfficeInd00
IRS990EZ/Form990TotalAssetsGrp/BOYAmt0434169
IRS990EZ/Form990TotalAssetsGrp/EOYAmt0454695
IRS990EZ/GrossReceiptsAmt023621
IRS990EZ/InfoInScheduleOPartIIIInd0X
IRS990EZ/InfoInScheduleOPartIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/InfoInScheduleOPartVInd0X
IRS990EZ/InvestmentIncomeAmt020526
IRS990EZ/LobbyingActivitiesInd00
IRS990EZ/MadeLoansToFromOfficersInd00
IRS990EZ/MethodOfAccountingAccrualInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt0431074
IRS990EZ/NetAssetsOrFundBalancesEOYAmt0454695
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt0431074
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt0454695
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt01.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt11.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt21.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0SIMON GERLIN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1SEAN CALNAN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2CYNTHIA TONUCCI
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0TREASURER/DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1INTERIM GENERAL COUNSEL
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2INTERIM EVP FOR FINANCE PROGRAMS
IRS990EZ/OperateHospitalInd00
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd00
IRS990EZ/OrganizationHadUBIInd00
IRS990EZ/OtherChangesInNetAssetsAmt00
IRS990EZ/OtherRevenueTotalAmt03095
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd00
IRS990EZ/PrimaryExemptPurposeTxt0SERVE AS A CONDUIT FOR FINANCING TO NON-PROFITS.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0SERVE AS A CONDUIT FOR FINANCING TO NON-PROFITS
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt00
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt00
IRS990EZ/ProhibitedTaxShelterTransInd00
IRS990EZ/RelatedOrganizationCtrlEntInd00
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SchoolOperatingInd00
IRS990EZ/StatesWhereCopyOfReturnIsFldCd0MA
IRS990EZ/SubjectToProxyTaxInd00
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt03095
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt00
IRS990EZ/TanningServicesProvidedInd00
IRS990EZ/TaxImposedOnOrganizationMgrAmt00
IRS990EZ/TaxImposedUnderIRC4911Amt00
IRS990EZ/TaxImposedUnderIRC4912Amt00
IRS990EZ/TaxImposedUnderIRC4955Amt00
IRS990EZ/TaxReimbursedByOrganizationAmt00
IRS990EZ/TotalExpensesAmt00
IRS990EZ/TotalProgramServiceExpensesAmt00
IRS990EZ/TotalRevenueAmt023621
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0HTTPS://WWW.MASSDEVELOPMENT.COM/
IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd01
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd01
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/OperateBenefitNonSuprtOrgInd00
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/PowerAppointMajorityDirTrstInd01
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0CIVIC INVESTMENTS, INC. SUPPORTS MASSACHUSETTS DEVELOPMENT FINANCE AGENCY, WHICH IS A STATE GOVERNMENTAL UNIT AND DOES NOT RECEIVE AN IRS DETERMINATION LETTER.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART IV, SECTION A, LINE 2
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0043431814
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd01
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd06
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0MASSDEVELOPMENT FINANCE AGENCY
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType1Ind0X
IRS990ScheduleA/SupportSumAmt00
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DESCRIPTION: INVESTMENT INCOME. AMOUNT: 20,526.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DESCRIPTION: TAX EXPENSES REFUND. AMOUNT: 3,095.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DESCRIPTION: ACCRUED EXPENSES. BEG. OF YEAR AMOUNT: 3,095. END OF YEAR AMOUNT: 0.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 4 - OTHER INVESTMENT INCOME
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART I, LINE 8 - OTHER REVENUE
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART II, LINE 26 - OTHER LIABILITIES
TransferPrsnlBnftContractsDecl/DeclarationDesc0THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT.
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0SIMON GERLIN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0DIRECTOR/TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum06173302000
ReturnHeader/BusinessOfficerGrp/SignatureDt02026-04-22
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0CIVIC INVESTMENTS INC
ReturnHeader/Filer/BusinessNameControlTxt0CIVI
ReturnHeader/Filer/EIN0043166416
ReturnHeader/Filer/PhoneNum06173302000
ReturnHeader/Filer/USAddress/AddressLine1Txt099 HIGH STREET 11TH FLOOR
ReturnHeader/Filer/USAddress/CityNm0BOSTON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MA
ReturnHeader/Filer/USAddress/ZIPCd002110
ReturnHeader/IRSResponsiblePrtyInfoCurrInd01
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0410746749
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0CLIFTONLARSONALLEN LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt04 BATTERYMARCH PARK SUITE 100
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0QUINCY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd002169
ReturnHeader/PreparerPersonGrp/PhoneNum07819821001
ReturnHeader/PreparerPersonGrp/PreparationDt02026-04-17
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DANIELLE NIHILL
ReturnHeader/ReturnTs02026-04-22T12:50:45-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02024-07-01
ReturnHeader/TaxPeriodEndDt02025-06-30
ReturnHeader/TaxYr02024

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