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Community Development Corporation Of Brownsville

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

EIN: 741835777 ✦ Brownsville, TX ✦ Designated as a 501(c)(3)

Overview

What is Community Development Corporation Of Brownsville?

The Community Development Corporation of Brownsville, doing business as Come Dream Come Build (CDCB), is a nonprofit organization based in Brownsville, Texas (TX), specifically at 901 E Levee, with a mission to help low-income families improve their financial security. They accomplish this mission by offering financial education, GED education, and job training, in addition to producing, financing, and managing affordable housing. So far, CDCB has built or financed 71 single-family homes for homeownership and developed 50 rental units. They have also assisted 1,613 families with rental assistance and 723 families with first-time homeownership counseling, making 116 families home buyer ready. CDCB conducts financial education classes and helps families complete their income tax returns. Their team consists of 87 dedicated employees.


Official website here: www.cdcb.org

Is Community Development Corporation Of Brownsville legitimate?

Community Development Corporation Of Brownsville is a legitimate nonprofit organization registered as a 501(c)(3) entity. Community Development Corporation Of Brownsville 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: $243,666
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,185,571

For more financial information, click here


Official website here: www.cdcb.org

What is the mission statement of Community Development Corporation Of Brownsville?

The Community Development Corporation of Brownsville, referred to as Come Dream Come Build, focuses on helping low-income residents improve their financial security. They achieve this goal through various means, including financial education, GED education, and job training. Additionally, they engage in the production, finance, and management of affordable housing. Through their initiatives, CDCB has built or financed 71 single family homes for home ownership, provided rental assistance to 1,613 families, and developed 50 rental units. They offer housing counseling, affordable rents, below market financing, and construction of home designs to help families attain or preserve housing. CDCB has assisted 723 families with first-time home ownership counseling, making 116 families home buyer ready, and conducted 11 financial education classes. They have also assisted 122 families in completing their income tax returns.


Official website here: www.cdcb.org

Who is the CEO of Community Development Corporation Of Brownsville?

Nick Mitchell Bennett is the Board Chair of Community Development Corporation Of Brownsville.


Official website here: www.cdcb.org

What is the revenue of Community Development Corporation Of Brownsville?

Community Development Corporation Of Brownsville's revenue in 2022 was $22,560,520.


Official website here: www.cdcb.org

Who are the executives of Community Development Corporation Of Brownsville and what are their salaries?

The average compensation at Community Development Corporation Of Brownsville during 2022 was $27,922. There are 87 employees and 61 volunteers at Community Development Corporation Of Brownsville.

Here are 12 key members and their salaries:

    Charles N Mitchell Bennett (Exec. Director)
  • Compensation: $128,542
  • Related: $0
  • Other: $0

    • Edna Oceguera (Deputy Director)
  • Compensation: $115,125
  • Related: $0
  • Other: $0

    • Dr Daisy Zamora (Board Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Lynette Benavidez-Villarreal (Vice Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Mauricio Pina (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Nathan Burkhart (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Cynthia Hinojosa (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Nydia Tapia-Gonzales (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Oscar Zertuche (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Juan Loya (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Gerardo Martinez (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Eva Garcia (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.cdcb.org

    Where can I find the form 990 for Community Development Corporation Of Brownsville?

    The Community Development Corporation Of Brownsville’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.cdcb.org

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

    Mission Statement of Community Development Corporation Of Brownsville

    Community Development Corporation of Brownsville, or CDCB, is a mission-driven organization dedicated to improving the financial security of low-income residents. Through innovative programs, this nonprofit assists individuals in attaining or preserving affordable housing, achieving GED education, and undergoing job training.

    CDCB's primary objective is to produce, finance, and manage affordable housing units. To date, they have constructed and financed 71 single-family homes for homeownership, providing a stable foundation for families in need. In addition, they have developed 50 rental units, offering affordable living options to those who may not otherwise have access.

    To ensure the success of their housing initiatives, CDCB offers various support services. They provide housing counseling, assisting families in navigating the complex process of attaining or maintaining homeownership. They also offer rental assistance, making it possible for individuals and families to afford their living expenses. Below-market financing is another crucial component of CDCB's offerings, ensuring that housing remains accessible to those with limited financial resources.

    CDCB's commitment to empowering low-income individuals goes beyond housing. They offer financial education classes, helping people to better understand their finances and make informed decisions. Additionally, they provide tax return assistance, ensuring that families do not miss out on important financial benefits.

    CDCB's impact extends to the lives of many. They have assisted 1,613 families with rental assistance, providing a critical safety net during times of financial hardship. They have also conducted 11 financial education classes, educating 122 families on essential money management skills. In total, they have assisted 723 families with first-time homeownership counseling, making 116 families ready to become home buyers. By offering a comprehensive suite of services, CDCB is a valuable resource for low-income residents, helping them to improve their financial security and build a better future.

    Impact

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




    Thursday, August 15, 2024

    The Community Development Corporation Of Brownsville has made a significant impact on the community by assisting low-income residents in improving their financial security through various programs. They have built and/or financed 71 single-family homes for homeownership, assisted 1,613 families with rental assistance, and developed 50 rental units. Additionally, they have provided housing counseling, affordable rents, below-market financing, and target outreach to help low-income families attain or preserve homeownership or affordable rental housing.

    Moreover, the organization has assisted 723 families with first-time homeownership counseling visits, making 116 families homebuyer ready. They have also conducted 11 financial education classes and assisted 122 families in completing their income tax returns. Through their efforts, the Community Development Corporation Of Brownsville has played a crucial role in improving the quality of life for many low-income residents in the Brownsville community.





    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: $503,339
  • Program Service Revenue: $7,791,036
  • Gross Receipts: $23,201,105

    • Assets and Liabilities:
  • Total Assets: $62,698,216
  • Total Liabilities: $41,034,908
  • Net Assets: $21,663,308
  • Programs

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

    HOME & LOT SALES

    Revenue

    $5,724,982

    OTHER EARNED INCOME

    Revenue

    $806,192

    MANAGEMENT FEES

    Revenue

    $513,640

    DEVELOPER FEES

    Revenue

    $477,483

    NET FEES

    Revenue

    $268,739

    Organization Details

    Founding Year

    1975

    Principal Officer

    Nick Mitchell Bennett

    Main Address

    901 E LEVEE, BROWNSVILLE, TX, 78520

    NTEE Category

    Code: L210 - Housing

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