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Chinese Economic Development Council Inc

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

EIN: 042565019 ✦ Boston, MA ✦ Designated as a 501(c)(3)

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Overview

What is Chinese Economic Development Council Inc?

The Chinese Economic Development Council Inc, situated in Boston, Massachusetts, is a nonprofit organization dedicated to uplifting the Asian community. Their primary focus areas include low-income housing, education, job training, and business development in the Boston area. They actively promote, assist, and coordinate the economic, physical, and social development of Chinese communities, primarily in Boston, Massachusetts. The organization aims to improve the overall well-being of the Asian community by addressing essential needs and fostering economic growth.


Official website here: www.cedc-boston.org

Is Chinese Economic Development Council Inc legitimate?

Chinese Economic Development Council Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Chinese Economic Development Council 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.


Heare 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


Official website here: www.cedc-boston.org

What is the mission statement of Chinese Economic Development Council Inc?

The Chinese Economic Development Council Inc is dedicated to promoting, assisting, and coordinating the economic, physical, and social development of Chinese communities, primarily focusing on a specific location, although the information does not specify this. Their mission is to enhance and improve the well-being of the Asian community, particularly in the areas of low-income housing, education, job training, and business development. The organization aims to support the Asian community in these aspects to ensure their overall growth and prosperity.


Official website here: www.cedc-boston.org

Who is the CEO of Chinese Economic Development Council Inc?

Edward Chiang is the Chairman of Chinese Economic Development Council Inc.


Official website here: www.cedc-boston.org

What is the revenue of Chinese Economic Development Council Inc?

Chinese Economic Development Council Inc's revenue in 2022 was $354,559.


Official website here: www.cedc-boston.org

Who are the executives of Chinese Economic Development Council Inc and what are their salaries?


Here are 16 key members and their salaries:


Edward Chiang (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Allen Chin (Vice Chairma)
  • Compensation: $0
  • Related: $0
  • Other: $0
Marianna S Riemer (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Margaret Chen (Asst Treasur)
  • Compensation: $0
  • Related: $0
  • Other: $0
Frank Chen (Clerk)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rosemary Lam (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Robert Wang (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Wanchin Chou (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Al Chao (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Felix Lui (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Paul Chan (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Angela Yang (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Amy Guen (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Chutze Chou (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Wey Hsiao (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Frank Wong (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.cedc-boston.org

Where can I find the form 990 for Chinese Economic Development Council Inc?

Chinese Economic Development Council Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.cedc-boston.org

Learn more at the official website: www.cedc-boston.org

Mission Statement of Chinese Economic Development Council Inc

The Chinese Economic Development Council Inc, as its name suggests, is committed to promoting, assisting, and coordinating the economic, physical, and social development of Chinese communities primarily in Boston, Massachusetts. This nonprofit organization's mission is to enhance and improve the well-being of the Asian community in areas such as low-income housing, education, job training, and business development within the Boston area. By doing so, the Chinese Economic Development Council Inc aims to contribute to the overall development and betterment of the Chinese communities it serves.

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Impact




October, 2024

Chinese Economic Development Council Inc. significantly impacts the Chinese community in Boston by promoting, assisting, and coordinating various economic and social development initiatives. By focusing on enhancing low-income housing, education, job training, and business development, the organization plays a crucial role in improving the overall well-being of Asian residents in the area.

Through targeted programs and resources, it fosters economic opportunities, helping individuals and families build better lives. Additionally, the council's efforts contribute to the social cohesion and empowerment of the Chinese community, addressing specific needs and challenges they face. This holistic approach not only aids in individual advancement but also strengthens the broader community, fostering an environment where all members can thrive.




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


Financials

This financial information is from Propublica.

Revenue
$354,559 (2022)
Expenses
$8,800 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $17,034
  • Program Service Revenue: $311,385
  • Gross Receipts: $354,559

Assets and Liabilities:

  • Total Assets: $4,891,190
  • Total Liabilities: $145,720
  • Net Assets: $4,745,470

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Programs

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

MANAGEMENT FEE -

Revenue

$250,000

OXFORD PLACE K-1

Revenue

$61,385

Organization Details

Founding Year

1974

Principal Officer

Edward Chiang

Main Address

65 HARRISON AVE 7TH FLOOR, BOSTON, MA, 02111

NTEE Category

Code: P84Z - Human services

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