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Community Preservation Development Corporation

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

EIN: 521662186 ✦ Silver spring, MD ✦ Designated as a 501(c)(3)

Overview

What is Community Preservation Development Corporation?

Community Preservation Development Corporation (CPDC) is a nonprofit organization situated in Maryland, specifically at 8403 Coleville Road, Silver Spring, with a mission to create and preserve affordable housing for low-income individuals and families. They achieve this goal through the acquisition, development, and ownership of rental communities in Washington D.C., Virginia, and Maryland. CPDC's activities go beyond just providing housing; they also establish service programs in collaboration with residents of their housing developments, aiming to strengthen communities and increase opportunities for individual growth. These services promote community development and personal advancement by fostering strategic alliances with private institutions, non-profit organizations, local, and federal government agencies. Consequently, CPDC residents and people in the surrounding communities gain the necessary resources and tools to drive positive change at the personal and community levels.


Is Community Preservation Development Corporation legitimate?

Community Preservation Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Community Preservation Development Corporation 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

For more financial information, click here


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

Mission Statement of Community Preservation Development Corporation

Community Preservation Development Corporation (CPDC) is a nonprofit organization dedicated to creating and preserving financially stable and socially responsible rental housing for individuals and families with low to moderate income. Their mission is multifaceted, encompassing the acquisition, development, and ownership of rental communities. CPDC goes beyond providing affordable housing, coordinating and developing site-based resident services that promote personal growth and community development. These services establish strategic alliances with private sector institutions, nonprofit organizations, local, and federal government agencies. These partnerships offer CPDC residents and surrounding communities the necessary resources and tools to bring about dynamic change at a personal and community level. CPDC's goal is to foster a supportive environment that encourages individual growth and community development through resident networks and collaborations with various organizations.

Impact

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




Saturday, July 20, 2024

Community Preservation Development Corporation's impact is seen through its dedication to developing and preserving financially sound, socially responsible affordable housing for low-income individuals and families. By acquiring, developing, and owning rental communities in Washington, D.C., Virginia, and Maryland, CPDC ensures that those in need have access to decent, safe, and affordable housing options. Additionally, CPDC works in partnership with residents of these housing developments to establish service programs that strengthen communities and increase opportunities for individual growth. Through strategic alliances with residents, private sector institutions, community organizations, and government agencies, CPDC creates programs that provide resources and tools for residents to bring about dynamic change at both the personal and community level.





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 2022.

  • Investment Income: $1,012,577
  • Program Service Revenue: $1,252,268
  • Gross Receipts: $2,484,318

    • Assets and Liabilities:
  • Total Assets: $80,643,228
  • Total Liabilities: $8,947,755
  • Net Assets: $71,695,473
  • Programs

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

    ASSET MANAGEMENT FEES

    Revenue

    $804,495

    Organization Details

    Founding Year

    1989

    Principal Officer

    Brian P Mclaughlin

    Main Address

    8403 COLESVILLE ROAD 1150, SILVER SPRING, MD, 20910

    NTEE Category

    Code: L20Z - Housing

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