Overview
What is Community Development Corporation Of South Berkshire Inc?
Community Development Corporation of South Berkshire Inc, located at 40 Railroad Street, Great Barrington, MA 01230, is a dedicated nonprofit organization with a mission to foster low-income housing and economic development. The organization collaborates closely with the Town of Great Barrington to develop and maintain affordable housing units, while also investigating potential opportunities in this field. With a team of five employees, Community Development Corporation of South Berkshire Inc is committed to undertaking and coordinating activities that contribute to the betterment of low-income housing and economic growth in the community.
Official website here: www.cdcsb.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 88% (Three-Star out of Four Stars)
The Community Development Corporation Of South Berkshire Inc has earned a solid Three-Star rating from Charity Navigator, reflecting an overall score based entirely on their Accountability & Finance metrics. An impressive 100% of their board members are independent, indicating a strong commitment to governance and oversight. Their fiscal management is supported by favorable ratios, including a 75.18% program expense ratio, suggesting a high level of funds directed toward their mission.
Despite these strengths, the organization has some areas that require improvement. Notably, they lack a Whistleblower Policy and Document Retention and Destruction Policy, which could raise concerns about governance practices. Additionally, their Tax Form is not posted on their website as required, which could affect transparency.
Overall, while the organization demonstrates solid financial accountability and strong governance through independent board participation, addressing the missing policies could enhance its credibility and operational integrity further.
This AI summary has been generated from information found on Charity Navigator.
Is Community Development Corporation Of South Berkshire Inc legitimate?
Community Development Corporation Of South Berkshire Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Community Development Corporation Of South Berkshire 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: $224,878
For more financial information, click here
Official website here: www.cdcsb.org
What is the mission statement of Community Development Corporation Of South Berkshire Inc?
The Community Development Corporation of South Berkshire Inc is dedicated to undertaking and coordinating activities related to low-income housing and economic development. Their primary objective is to contribute to this cause, promoting affordable housing options and stimulating economic growth. The organization has been actively working with the town of Great Barrington, focusing on the development and maintenance of affordable housing units. Additionally, they conduct investigations into potential low-income housing opportunities, demonstrating their commitment to addressing housing needs within their scope.
Official website here: www.cdcsb.org
What is the revenue of Community Development Corporation Of South Berkshire Inc?
Community Development Corporation Of South Berkshire Inc's revenue in 2024 was $897,042.
Official website here: www.cdcsb.org
Who are the executives of Community Development Corporation Of South Berkshire Inc and what are their salaries?
The average compensation at Community Development Corporation Of South Berkshire Inc during 2024 was $44,976. There are 5 employees and 20 volunteers at Community Development Corporation Of South Berkshire Inc.
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Official website here: www.cdcsb.org
Where can I find the form 990 for Community Development Corporation Of South Berkshire Inc?
Community Development Corporation Of South Berkshire Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.cdcsb.org
Learn more at the official website: www.cdcsb.org
Mission Statement of Community Development Corporation Of South Berkshire Inc
Community Development Corporation of South Berkshire Inc is dedicated to undertaking and coordinating activities related to low-income housing and economic development. Their mission is to contribute positively to this sector, aiming to provide affordable housing solutions and stimulate economic growth. The organization actively collaborates with local authorities, such as the Town of Great Barrington, in the development and maintenance of affordable housing units. Furthermore, Community Development Corporation of South Berkshire Inc engages in the investigation of low-income housing opportunities to ensure that the needs of this community are met.
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Impact
July, 2024
Community Development Corporation Of South Berkshire Inc's impact is felt through its efforts in developing and maintaining affordable housing units in the town of Great Barrington, Massachusetts. By working closely with the local community and government, the organization has played a pivotal role in addressing the needs of low-income individuals and families, ensuring they have access to safe and affordable housing options. Additionally, their focus on economic development initiatives has helped to improve the overall quality of life for residents in the area, contributing to sustainable community improvement.
This information is meant to be a general summary of Community Development Corporation Of South Berkshire 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2024.
- Investment Income: $11,856
- Program Service Revenue: $137,095
- Gross Receipts: $897,042
Assets and Liabilities:
- Total Assets: $6,368,252
- Total Liabilities: $2,084,394
- Net Assets: $4,283,858
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOW INCOME HOUSING RENTAL NET
Revenue
$123,829
BENTLEY GROUND LEASE
Revenue
$13,266
Organization Details
Founding Year
1988
Principal Officer
James Harwood
Website
www.cdcsb.orgNTEE Category
Code: S20 - Community improvement
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