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Cdi Development Fund Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 043464735 ✦ Maynard, MA ✦ Designated as a 501(c)(3)

Overview

What is Cdi Development Fund Inc?

Cdi Development Fund Inc is a nonprofit organization committed to improving affordable housing options for economically disadvantaged communities. They achieve this goal by purchasing existing mobile home parks from private owners and transforming them into cooperatives, which are then managed and owned by the residents. The organization's mission encompasses developing and training cooperatives, thereby fostering a sense of community and empowering the residents to manage their own living spaces. Cdi Development Fund Inc aims to expand access to such cooperative housing, thereby providing a stable and affordable living environment for its residents.


Is Cdi Development Fund Inc legitimate?

Cdi Development Fund Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Cdi Development Fund Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $43,491

For more financial information, click here


What is the mission statement of Cdi Development Fund Inc?
Who is the CEO of Cdi Development Fund Inc?
What is the revenue of Cdi Development Fund Inc?
Who are the executives of Cdi Development Fund Inc and what are their salaries?
Where can I find the form 990 for Cdi Development Fund Inc?

Mission Statement of Cdi Development Fund Inc

Cdi Development Fund Inc, a nonprofit organization, is committed to a mission centered around developing and expanding access to affordable cooperative housing. They accomplish this by purchasing existing mobile home parks from private owners and transforming them into cooperatives. These cooperatives are then owned and managed by the residents themselves, providing a sense of community and economic empowerment for an economically disadvantaged population. Furthermore, Cdi Development Fund Inc is dedicated to the development and training of cooperatives, ensuring that these communities are sustainable and beneficial for all members. This mission by Cdi Development Fund Inc aims to create resident-owned communities that offer affordable housing solutions, fostering a sense of ownership and community among its residents.

Impact

This information is meant to be a general summary of Cdi Development Fund Inc. Please take the time to review official sources before making any decisions based upon the content provided here.




Saturday, July 20, 2024

Cdi Development Fund Inc's impact lies in developing and expanding access to affordable cooperative housing. By acquiring existing mobile home parks from private owners and transforming them into cooperatives that are resident managed and owned, they provide economically disadvantaged communities with the opportunity for stable and secure housing. Additionally, their efforts in developing and training cooperatives contribute to community improvement by fostering sustainable and self-sufficient living environments.





Financials

This financial information is from Propublica.

Revenue
Expenses
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $4,654
  • Program Service Revenue: $2,009,862
  • Gross Receipts: $2,014,516

    • Assets and Liabilities:
  • Total Assets: $19,047,224
  • Total Liabilities: $17,680,727
  • Net Assets: $1,366,497
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    Project/MHP Rents

    Revenue

    $1,978,309

    Project Home Sales

    Revenue

    $2,804

    Project Management

    Revenue

    $2,500

    Project Equip Sales

    Revenue

    $8,849

    Project Service Rev

    Revenue

    $17,400

    Organization Details

    Founding Year

    1999

    Principal Officer

    Jeremiah Ward

    Main Address

    13 Maple Court, Maynard, MA, 01754

    NTEE Category

    Code: S31 - Community improvement

    If you are a representative of Cdi Development Fund Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.