Overview
What is Cdi Development Fund Inc?
Cdi Development Fund Inc is a nonprofit organization committed to improving affordable housing options for economically disadvantaged communities. They achieve this goal by purchasing existing mobile home parks from private owners and transforming them into cooperatives, which are then managed and owned by the residents. The organization's mission encompasses developing and training cooperatives, thereby fostering a sense of community and empowering the residents to manage their own living spaces. Cdi Development Fund Inc aims to expand access to such cooperative housing, thereby providing a stable and affordable living environment for its residents.
Is Cdi Development Fund Inc legitimate?
Cdi Development Fund Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Cdi Development Fund 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: $43,491
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What is the mission statement of Cdi Development Fund Inc?
Cdi Development Fund Inc's mission is focused on improving access to affordable housing for economically disadvantaged communities. They achieve this by acquiring existing mobile home parks from private owners and transforming them into cooperatives. These cooperatives are then managed and owned by the residents, promoting a sense of community ownership. Furthermore, the organization also engages in developing and training cooperatives, aiming to enhance their capabilities and effectiveness.
Who is the CEO of Cdi Development Fund Inc?
Jeremiah Ward is the President of Cdi Development Fund Inc.
What is the revenue of Cdi Development Fund Inc?
Cdi Development Fund Inc's revenue in 2023 was $2,014,516.
Who are the executives of Cdi Development Fund Inc and what are their salaries?
There 4 volunteers at Cdi Development Fund Inc.
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Cdi Development Fund Inc?
Cdi Development Fund Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Cdi Development Fund Inc
Cdi Development Fund Inc, a nonprofit organization, is committed to a mission centered around developing and expanding access to affordable cooperative housing. They accomplish this by purchasing existing mobile home parks from private owners and transforming them into cooperatives. These cooperatives are then owned and managed by the residents themselves, providing a sense of community and economic empowerment for an economically disadvantaged population. Furthermore, Cdi Development Fund Inc is dedicated to the development and training of cooperatives, ensuring that these communities are sustainable and beneficial for all members. This mission by Cdi Development Fund Inc aims to create resident-owned communities that offer affordable housing solutions, fostering a sense of ownership and community among its residents.
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Impact
July, 2024
Cdi Development Fund Inc's impact lies in developing and expanding access to affordable cooperative housing. By acquiring existing mobile home parks from private owners and transforming them into cooperatives that are resident managed and owned, they provide economically disadvantaged communities with the opportunity for stable and secure housing. Additionally, their efforts in developing and training cooperatives contribute to community improvement by fostering sustainable and self-sufficient living environments.
This information is meant to be a general summary of Cdi Development Fund 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: $4,654
- Program Service Revenue: $2,009,862
- Gross Receipts: $2,014,516
Assets and Liabilities:
- Total Assets: $19,047,224
- Total Liabilities: $17,680,727
- Net Assets: $1,366,497
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Project/MHP Rents
Revenue
$1,978,309
Project Home Sales
Revenue
$2,804
Project Management
Revenue
$2,500
Project Equip Sales
Revenue
$8,849
Project Service Rev
Revenue
$17,400
Organization Details
Founding Year
1999
Phone
(518) 569-7863Principal Officer
Jeremiah Ward
Main Address
13 Maple Court, Maynard, MA, 01754
NTEE Category
Code: S31 - Community improvement
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