Overview
What is Community Certified Development Corp?
Community Certified Development Corp, also known as Community Business Finance, is a nonprofit organization based in Houston, Texas. Established in 2005, its primary mission is to foster economic development and stimulate the growth of small businesses and industries within the community. Over the years, it has assisted 482 businesses in the Greater Houston area, Texas, and Louisiana, providing them with over $750 million in business financing through 504 and related programs. This support has led to the creation of over 4,300 jobs. The organization has approved 24 loans during its latest fiscal year, totaling $31.7 million, with $21.2 million going to 16 funded loans. The loan portfolio includes various sectors, such as retail, manufacturing, wholesale, and medical businesses.
Official website here: www.communitybusinessfinance.com
Is Community Certified Development Corp legitimate?
Community Certified Development Corp is a legitimate nonprofit organization registered as a 501(c)(4) entity. Community Certified Development Corp 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: $918,298
Professional Fundraising Fees: $0
Other Salaries and Wages: $70,888
For more financial information, click here
Official website here: www.communitybusinessfinance.com
What is the mission statement of Community Certified Development Corp?
The Community Certified Development Corp's mission is centered around promoting economic development. Their primary objective is to stimulate the growth and expansion of small businesses and industries. Additionally, they aim to create expanded business and employment opportunities within the community. This organization utilizes various financial programs, such as 504 and related initiatives, to provide business financing, supporting over 482 businesses since its inception in 2005. Their efforts have resulted in the creation of over 4,390 jobs and have been instrumental in providing loans to various sectors, including retail, manufacturing, and medical businesses.
Official website here: www.communitybusinessfinance.com
Who is the CEO of Community Certified Development Corp?
William Ebersole is the President of Community Certified Development Corp.
Official website here: www.communitybusinessfinance.com
What is the revenue of Community Certified Development Corp?
Community Certified Development Corp's revenue in 2022 was $1,562,471.
Official website here: www.communitybusinessfinance.com
Who are the executives of Community Certified Development Corp and what are their salaries?
The average compensation at Community Certified Development Corp during 2022 was $197,837. There are 5 employees at Community Certified Development Corp.
Here are 14 key members and their salaries:
- Compensation: $457,383
- Related: $0
- Other: $47,328
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- Other: $0
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- Compensation: $147,027
- Related: $0
- Other: $8,173
- Compensation: $118,888
- Related: $0
- Other: $7,329
- Compensation: $195,000
- Related: $0
- Other: $9,612
Official website here: www.communitybusinessfinance.com
Where can I find the form 990 for Community Certified Development Corp?
Community Certified Development Corp's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.communitybusinessfinance.com
Learn more at the official website: www.communitybusinessfinance.com
Mission Statement of Community Certified Development Corp
Community Certified Development Corp, abbreviated as CDC, is committed to promoting economic development in the community. Its primary objective is to stimulate the growth and expansion of small businesses and industries, thereby fostering expanded business and employment opportunities. By doing so, CDC aims to contribute positively to the economic well-being of the community. Since its inception in 2005, CDC has been an instrumental force in assisting businesses in the Greater Houston area and beyond, providing over $750 million in business financing through 504 and related programs. This financial support has led to the creation of over 4,300 jobs across various sectors, including retail, manufacturing, wholesale, and medical businesses. CDC's mission is not just about providing financial aid but also about encouraging the growth and success of small businesses, thereby contributing to the overall economic development of the community.
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Impact
October, 2024
Community Certified Development Corp plays a significant role in promoting economic development by stimulating the growth and expansion of small businesses and industries. Over the past year, the organization has approved 24 loans to small businesses, amounting to a total of $31,695,000. Out of these, 16 loans were funded for a total of $21,209,000.
Since its inception in 2005, the impact of Community Certified Development Corp has been substantial. The organization has assisted 482 businesses across the greater Houston area and throughout Texas and Louisiana, facilitating over $750,000,000 in business financing through various programs. This financial support has been crucial in creating approximately 4,390 jobs in the region.
The loans provided cater to a diverse range of sectors including retail, manufacturing, wholesale, and medical businesses, promoting a well-rounded economic landscape. Through these efforts, the Community Certified Development Corp significantly contributes to expanded business and employment opportunities, fostering community improvement and resilience.
This information is meant to be a general summary of Community Certified Development Corp. 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 2022.
- Investment Income: $830
- Program Service Revenue: $1,561,641
- Gross Receipts: $1,562,471
Assets and Liabilities:
- Total Assets: $1,043,060
- Total Liabilities: $579,637
- Net Assets: $463,423
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SERVICING FEES
Revenue
$1,066,970
PROGRAM FEES
Revenue
$413,937
CLOSING FEES
Revenue
$35,750
FLOAT INCOME
Revenue
$27,506
OTHER PROGRAM SERVICE
Revenue
$17,478
Organization Details
Founding Year
2005
Phone
(713) 457-1650Principal Officer
William Ebersole
Main Address
13831 NORTHWEST FWY 650, HOUSTON, TX, 77040
NTEE Category
Code: S43 - Community improvement
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