Overview
What is Cape & Islands Community Community Development Inc?
Cape & Islands Community Community Development Inc, based in Centerville, Massachusetts, is a nonprofit organization committed to supporting small business owners in the state. They achieve this goal by administering loan programs and providing technical assistance, leveraging funding from various federal sources such as the USDA Intermediary Relending Program (IRP), USDA Rural Microentrepreneur (RMAP), and the U.S. Treasury Community Development Financial Institutions Fund (CDFI). With a team of five dedicated individuals, they strive to empower local entrepreneurs and contribute to the economic growth of Massachusetts.
Official website here: www.coastalcommunitycapital.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 92% (Four-Star out of Four Star rating)
Cape & Islands Community Development Inc has achieved an impressive Four-Star rating from Charity Navigator, reflecting strong performance in accountability and finance. The organization demonstrates exceptional governance with a fully independent board and solid financial oversight, showing no material diversion of assets and maintaining a clear conflict of interest policy. Their financial statements are thorough and accessible, reinforcing transparency.
The nonprofit's program expense ratio stands at 83.04%, indicating that a significant portion of its expenditures is directed towards its programs rather than administrative costs. Additionally, the fundraising efficiency ratio is commendable at $0.02, showcasing effective fundraising practices. The organization's working capital is robust, with a ratio of 8.17 years, suggesting a healthy financial cushion.
However, the liabilities to assets ratio of 40.11% may warrant further examination as it indicates a moderate level of liabilities relative to assets. Overall, Cape & Islands Community Development Inc exhibits strong operational health and a commitment to effective community development initiatives.
This AI summary has been generated from information found on Charity Navigator.
Is Cape & Islands Community Community Development Inc legitimate?
Cape & Islands Community Community Development Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Cape & Islands Community Community Development 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: $695,894
For more financial information, click here
Official website here: www.coastalcommunitycapital.org
What is the mission statement of Cape & Islands Community Community Development Inc?
Cape & Islands Community Community Development Inc's mission is centered around providing financial aid and technical assistance to small business owners in Massachusetts. They accomplish this by utilizing federal funds from various programs such as the USDA Intermediary Relending Program (IRP), USDA Rural Microentrepreneur (RMAP), and the U.S Treasury Community Development Financial Institutions Fund (CDFI). Their primary goal is to support these small businesses in their growth and development. They administer loan programs and offer technical assistance to help these entrepreneurs navigate the challenges of running a small business.
Official website here: www.coastalcommunitycapital.org
Who is the CEO of Cape & Islands Community Community Development Inc?
Jeannine Marshall is the Chair of Cape & Islands Community Community Development Inc.
Official website here: www.coastalcommunitycapital.org
What is the revenue of Cape & Islands Community Community Development Inc?
Cape & Islands Community Community Development Inc's revenue in 2023 was $2,234,340.
Official website here: www.coastalcommunitycapital.org
Who are the executives of Cape & Islands Community Community Development Inc and what are their salaries?
The average compensation at Cape & Islands Community Community Development Inc during 2023 was $139,179. There are 5 employees at Cape & Islands Community Community Development Inc.
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- Compensation: $266,827
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- Other: $9,848
Official website here: www.coastalcommunitycapital.org
Where can I find the form 990 for Cape & Islands Community Community Development Inc?
Cape & Islands Community Community Development Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.coastalcommunitycapital.org
Learn more at the official website: www.coastalcommunitycapital.org
Mission Statement of Cape & Islands Community Community Development Inc
Cape & Islands Community Community Development Inc is committed to providing loans and technical assistance to small business owners in Massachusetts. Utilizing federal funds from the USDA Intermediary Relending Program (IRP), USDA Rural Microentrepreneur (RMAP), and the U.S. Treasury Community Development Financial Institutions Fund (CDFI), this nonprofit organization aims to support the growth and success of small businesses within the state. By administering loan programs and offering technical assistance, Cape & Islands Community Community Development Inc seeks to empower entrepreneurs, fostering a thriving business environment and contributing to the local economy.
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Impact
July, 2024
Cape & Islands Community Development Inc's impact is evident in the support and empowerment it provides to small business owners in Massachusetts. By administering loan programs and offering technical assistance, the organization plays a crucial role in fostering economic growth and sustainability within local communities. Through the utilization of federal funds from programs like the USDA Intermediary Relending Program, USDA Rural Microentrepreneur initiative, and U.S. Treasury Community Development Financial Institutions Fund, Cape & Islands Community Development Inc enables entrepreneurs to access the resources they need to thrive. In this way, the organization contributes to the overall improvement and development of the community, creating opportunities for business success and financial stability.
This information is meant to be a general summary of Cape & Islands Community Community Development 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 2023.
- Investment Income: $51,403
- Program Service Revenue: $832,947
- Gross Receipts: $2,234,340
Assets and Liabilities:
- Total Assets: $12,164,504
- Total Liabilities: $4,880,410
- Net Assets: $7,284,094
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
FEE INCOME
Revenue
$832,947
Organization Details
Founding Year
1995
Phone
(508) 790-4980Principal Officer
Jeannine Marshall
Main Address
5 PATTI PAGE WAY B, CENTERVILLE, MA, 02632
NTEE Category
Code: S30 - Community improvement
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