Overview
What is Community Initiatives Development Corporation?
Community Initiatives Development Corporation (CIDC) is a nonprofit organization that offers consulting services to governmental entities. Their primary objective is to stimulate economic development and create affordable housing opportunities, aiming to alleviate the challenges faced by both governmental entities and nonprofit organizations. By providing these consultancy services, CIDC aims to assist municipalities in aiding their residents, contributing to their overall well-being and development.
What are the reviews and ratings of this charity?
Charity Navigator rating: 75%, Three-Star out of Four Star rating.
Community Initiatives Development Corporation has received a solid Three-Star rating, primarily reflecting its accountability and financial practices. The organization demonstrates a high level of governance, with a majority of its board members being independent. Key financial metrics, such as an impressive program expense ratio and robust oversight through an audit committee, further enhance its profile.
While the rating highlights notable strengths in financial accountability, the organization is not currently scored on its impact, leadership, adaptability, or community engagement. This absence of scores means that while the financial aspects are well-managed, the effectiveness in fulfilling its mission and measuring its impact remains unassessed.
User reviews from GreatNonprofits could not be fetched, therefore no additional sentiments or feedback are available at this time.
This AI summary has been generated from information found on Charity Navigator.
Is Community Initiatives Development Corporation legitimate?
Community Initiatives Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Community Initiatives Development Corporation 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: $295,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Community Initiatives Development Corporation?
The Community Initiatives Development Corporation (CIDC) has a mission to aid municipalities in their efforts to support their residents. This organization provides consulting services with the primary goal of stimulating economic development and creating affordable housing opportunities. By offering these services, CIDC aims to alleviate the burdens faced by both governmental entities and nonprofit organizations.
Who is the CEO of Community Initiatives Development Corporation?
Frances Brandt is the Chairman of Community Initiatives Development Corporation.
What is the revenue of Community Initiatives Development Corporation?
Community Initiatives Development Corporation's revenue in 2022 was $8,661,238.
Who are the executives of Community Initiatives Development Corporation and what are their salaries?
The average compensation at Community Initiatives Development Corporation during 2022 was $73,750. There are 4 employees at Community Initiatives Development Corporation.
Here are 8 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $78,500
- Related: $0
- Other: $6,000
- Compensation: $61,500
- Related: $0
- Other: $5,150
- Compensation: $122,692
- Related: $0
- Other: $12,300
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $32,308
- Related: $0
- Other: $0
Where can I find the form 990 for Community Initiatives Development Corporation?
Community Initiatives Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Community Initiatives Development Corporation
Community Initiatives Development Corporation (CIDC) is a nonprofit organization committed to assisting municipalities in aiding their residents. Its mission is to provide consulting services aimed at stimulating economic development and creating opportunities for affordable housing. By offering these services, CIDC aims to alleviate the burdens faced by both governmental entities and nonprofit organizations. In essence, CIDC helps communities thrive by fostering economic growth and ensuring that affordable housing is accessible to all.
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Impact
October, 2024
Community Initiatives Development Corporation (CIDC) plays a vital role in enhancing the economic landscape and housing accessibility for residents in municipalities. By offering consulting services to governmental entities, CIDC focuses on stimulating economic development and creating affordable housing opportunities. This assistance alleviates the pressures faced by both government and nonprofit organizations, enabling them to better serve their communities.
Operating from Lakewood Ranch, FL, CIDC's mission is to foster growth and development in local areas by providing expert solutions tailored to the unique challenges each municipality encounters. The corporation's impact is reflected in the improved quality of life for residents, as well as in the enhanced ability of local governments to address housing needs and promote sustainable economic practices. Through its initiatives, CIDC effectively bridges gaps within the community, promoting a stronger and more resilient economic foundation.
This information is meant to be a general summary of Community Initiatives Development Corporation. 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: $2,585
- Program Service Revenue: $4,222,668
- Gross Receipts: $8,661,238
Assets and Liabilities:
- Total Assets: $113,442,988
- Total Liabilities: $98,740,439
- Net Assets: $14,702,549
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Rent Income
Revenue
$3,962,824
Consulting Income
Revenue
$221,976
Project Income
Revenue
$37,868
Organization Details
Founding Year
1995
Phone
(941) 756-5700Principal Officer
Frances Brandt
Main Address
15375 Blue Fish Circle, Lakewood Ranch, FL, 34202
NTEE Category
Code: L210 - Housing
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