NORTHERN COMMUNITY INVESTMENT CORPORATION
51 DEPOT SQUARE NO 2, ST JOHNSBURY, VT 05819 www.ncic.org

Total Revenue
$1,513,182
Total Expenses
$1,647,586
Net Assets
$9,194,100

Organizations Filed Purposes: STRENGTHENING BUSINESSES, COMMUNITIES, AND EMPLOYMENT OPPORTUNITIES ACROSS NORTHERN NEW HAMPSHIRE AND NORTHEASTERN VERMONT.

FINANCIAL ASSISTANCE THROUGH INVESTMENTS, GRANTS, LOANS, LOAN GUARANTEES, AND LEASING OF EQUIPMENT WHICH RECEIPIENTS COULD NOT FINANCE ELSEWHERE

LENDING: NCIC PROVIDES COMMERCIAL LOANS TO BUSINESSES SO AS TO STRENGTHEN BUSINESSES, COMMUNITIES AND EMPLOYMENT OPPORTUNITIES. NCIC PROVIDED 11 LOANS TO BUSINESSES DURING FISCAL YEAR 2020. FROM THIS, 220 JOBS WERE CREATED AND PRESERVED.

ECONOMIC DEVELOPMENT: NCIC PERFORMS PROJECTS THAT INCLUDE COMMUNITY AND INDUSTRIAL DEVELOPMENT ALONG WITH BUSINESS SERVICES TO STRENGTHEN BUSINESSES, COMMUNITIES AND EMPLOYMENT OPPORTUNITIES. NCIC HAS ASSISTED MORE THAN 61 BUSINESSES AND COMMUNITIES TO SUPPORT MORE THAN 223 JOBS WITHIN THE BUSINESSES AND INDUSTRIAL PARKS ASSISTED.

PROPERTIES: NCIC PROVIDES REAL ESTATE AND PROPERTIES TO STRENGTHEN BUSINESSES, COMMUNITIES AND EMPLOYMENT OPPORTUNITIES. THESE INCLUDE: FACILITIES IN LITTLETON NH (THROUGH A SUBSIDIARY, LITTLETON AREA LEARNING CENTER), ST JOHNSBURY, VT, REGIONAL MARKETING KIOSKS AND TELECOMMUNICATIONS INFRASTRUCTURE. THESE PROPERTIES DIRECTLY EMPLOY MORE THAN 117 INDIVIDUALS.

Executives Listed on Filing

Total Salary includes financial earnings, benefits, and all related organization earnings listed on tax filing

NameTitleHours Per WeekTotal Salary
Jon FreemanPRESIDENT40$112,803
Michael WelchVICE PRESIDENT40$82,260
John McclaughryDIRECTOR0.3$1,060
Richard IsabelleASSISTANT TREASURER0.3$1,060
John SchiffmanSECRETARY/TREASURER0.3$1,060
Nate HoughtonCHAIRMAN0.3$1,020
Kenneth HammerDIRECTOR0.3$660
Kenneth CargillDIRECTOR0.3$640
Sally PrattASSISTANT SECRETARY0.3$560
Jack CummingsDIRECTOR0.3$520
Gregory NoyesDIRECTOR0.3$500
Roena WhitehillDIRECTOR0.3$500
Andrew PeloquinVICE CHARIMAN0.3$480
Gregory EastmanDIRECTOR0.3$460
Keith KoppDIRECTOR0.3$460
Dennis HillerDIRECTOR0.3$260

Data for this page was sourced from XML published by IRS (public 990 form dataset) from: https://s3.amazonaws.com/irs-form-990/202120419349300002_public.xml