Overview
What is Community Development Inc?
Community Development Inc., established in 1987, is a charitable corporation based in Boston, Massachusetts. Its primary mission is to provide affordable housing for individuals and families with low and moderate incomes, combat community deterioration, and promote social welfare. The organization achieves this by acquiring, improving, and rehabilitating properties in blighted areas, constructing new facilities, and offering them at reduced costs. In addition, Community Development Inc. supports other nonprofit organizations by providing below-market-rate office facilities, aiding them in achieving their charitable objectives.
Is Community Development Inc legitimate?
Community Development Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Community Development 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: $0
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What is the mission statement of Community Development Inc?
Community Development Inc, as a nonprofit organization, is established to provide affordable housing for individuals and families with low to moderate incomes. This is achieved through the acquisition, improvement, and provision of housing units, either through rehabilitation, new construction, or partnerships with other corporations. The organization also aims to combat community deterioration by improving existing properties or building new facilities in blighted, decayed, or substandard areas. Additionally, Community Development Inc offers office facilities to other nonprofit organizations at a reduced cost, helping them achieve their charitable purposes. In essence, the organization's mission is to improve living conditions, promote social welfare, and support other charitable organizations.
Who is the CEO of Community Development Inc?
Phillip Clay is the Principal Officer of Community Development Inc.
What is the revenue of Community Development Inc?
Community Development Inc's revenue in 2022 was $1,808,385.
Who are the executives of Community Development Inc and what are their salaries?
- Hetal Gada (Assistant Treasurer) [Trustee/Director]
- James Rushford (Assistant Clerk) [Trustee/Director]
- Nina Schwarzschild (Treasurer/Director)
- Phillip L Clay (President/Director)
- Russell Tanner (Clerk/Director)
Where can I find the form 990 for Community Development Inc?
The Community Development Inc’s most recent form 990 was submitted in 2022 and can be accessed here
Mission Statement of Community Development Inc
Community Development Inc, as a nonprofit organization, was established with a mission to provide affordable housing to individuals and families with low and moderate incomes. The corporation accomplishes this mission by acquiring, improving, and making available housing units through rehabilitation, new construction, or other means. Beyond housing, Community Development Inc also aims to promote social welfare and combat community deterioration by enhancing existing properties or establishing new facilities within blighted, decayed, or substandard areas. Furthermore, the organization offers office facilities to other nonprofit organizations at below-cost prices to assist them in achieving their charitable objectives. By carrying out these activities, Community Development Inc plays a significant role in addressing housing needs and contributing to the improvement of communities.
Impact
This information is meant to be a general summary of Community Development Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
Community Development Inc has made a significant impact by acquiring, improving, and making affordable housing available to individuals and families with low and moderate incomes. Through their efforts in rehabilitating existing properties and constructing new facilities, they are combating community deterioration and promoting social welfare. Additionally, by providing office facilities to other charitable organizations at below-market rates, they are supporting these organizations in achieving their charitable purposes. Overall, Community Development Inc's work is helping to address housing needs and economic development in blighted and substandard areas, ultimately contributing to the betterment of communities.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RECOVERY OF BAD DEBT
Revenue
$1,365,689
GROUND LEASE AND RELAT
Revenue
$223,400
INTEREST ON NOTES RECE
Revenue
$219,296
Organization Details
Founding Year
1987
Phone
(857) 221-8600
Principal Officer
Phillip Clay
Main Address
185 DARTMOUTH STREET, BOSTON, MA, 02116
NTEE Category
Code: S200 - Community improvement
If you are a representative of Community Development 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.