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Salisbury Community Development Corporation Inc

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

EIN: 581627430 ✦ Salisbury, NC ✦ Designated as a 501(c)(3)

Overview

What is Salisbury Community Development Corporation Inc?

Salisbury Community Development Corporation Inc, located in Salisbury, North Carolina, serves as a nonprofit organization aimed at addressing the housing needs of low-income individuals. With a team of six dedicated employees, their mission is to facilitate the acquisition of affordable housing for individuals who fall under the low and moderate income bracket. They achieve this goal by purchasing various properties and transforming them into homes for first-time buyers. The corporation's activities are centered around this primary objective, making a significant impact on the community's housing landscape.


Official website here: www.salisburycdc.org

Is Salisbury Community Development Corporation Inc legitimate?

Salisbury Community Development Corporation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Salisbury Community Development Corporation 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: $100,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $145,478

For more financial information, click here


Official website here: www.salisburycdc.org

What is the mission statement of Salisbury Community Development Corporation Inc?

The Salisbury Community Development Corporation Inc's mission is centered around assisting individuals with low and moderate income levels in securing affordable housing. This is achieved through various means, including the purchase of properties to construct homes for first-time buyers and provide housing for those in need. The corporation's objective is to contribute to the housing sector, ensuring that a portion of the population has access to affordable living spaces.


Official website here: www.salisburycdc.org

Who is the CEO of Salisbury Community Development Corporation Inc?

David R Mccoy is the Secretary of Salisbury Community Development Corporation Inc.


Official website here: www.salisburycdc.org

What is the revenue of Salisbury Community Development Corporation Inc?

Salisbury Community Development Corporation Inc's revenue in 2023 was $671,444.


Official website here: www.salisburycdc.org

Who are the executives of Salisbury Community Development Corporation Inc and what are their salaries?

The average compensation at Salisbury Community Development Corporation Inc during 2023 was $40,913. There are 6 employees at Salisbury Community Development Corporation Inc.

Here are 8 key members and their salaries:

    Karen Alexander (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Rev Nilous Avery (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Lane Bailey (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Mae Carroll (Vice Preside) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Shirley Johnson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • David R Mccoy (President) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Ed Muire (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • David Treme (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.salisburycdc.org

    Where can I find the form 990 for Salisbury Community Development Corporation Inc?

    The Salisbury Community Development Corporation Inc’s most recent form 990 was submitted in 2023 and can be accessed here


    Official website here: www.salisburycdc.org

    Learn more at the official website: www.salisburycdc.org

    Mission Statement of Salisbury Community Development Corporation Inc

    Salisbury Community Development Corporation Inc, as its mission statement suggests, is dedicated to assisting low and moderate income individuals in obtaining affordable housing. This nonprofit organization achieves this goal by purchasing various properties and utilizing them to build houses for first-time buyers, as well as providing housing opportunities for individuals with lower income levels. By doing so, Salisbury Community Development Corporation Inc is committed to making housing more accessible and affordable for those who may otherwise struggle to secure a place to call home. This mission is crucial in addressing the housing needs of individuals and families who are often underserved by the traditional housing market.

    Impact

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




    Wednesday, July 24, 2024

    Salisbury Community Development Corporation Inc's impact is clearly seen in the tangible outcomes of their work. By purchasing various properties to build houses for first-time buyers and providing housing for low-income individuals, they are directly addressing the critical need for affordable housing in Salisbury, NC. Through their mission to assist low and moderate-income persons in obtaining affordable housing, they are not only providing shelter but also contributing to the stability and well-being of families in the community. Their focus on housing aligns with their commitment to improving the quality of life for those in need, making a meaningful difference in the lives of individuals and families in Salisbury.





    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: $387
  • Program Service Revenue: $53,335
  • Gross Receipts: $671,444

    • Assets and Liabilities:
  • Total Assets: $2,782,598
  • Total Liabilities: $1,889,282
  • Net Assets: $893,316
  • Programs

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

    FEE-TOWN OF SPENCER PLANNING

    Revenue

    $43,925

    FEE-CITY OF SALISBURY -PRGRM

    Revenue

    $9,410

    Organization Details

    Founding Year

    1985

    Principal Officer

    David R Mccoy

    Main Address

    P O BOX 4408, SALISBURY, NC, 281454408

    NTEE Category

    Code: L20Z - Housing

    If you are a representative of Salisbury Community Development Corporation 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.