Overview
What is Community Economic Development Association Of Michigan?
The Community Economic Development Association of Michigan (CEDAM) is a nonprofit organization situated in Lansing, Michigan. Their primary mission revolves around community-based economic development, aiming to revitalize and rebuild Michigan's communities and neighborhoods. They achieve this by supporting their diverse membership, enhancing locally-driven community economic development efforts. CEDAM provides training and resources, technical assistance, capacity building, and policy advocacy to facilitate the creation of vibrant, sustainable, and resilient communities. Their comprehensive training program equips approximately 500 individuals from non-profit organizations with skills in areas such as affordable housing development and financing, new asset-building strategies, and community development-related topics. The organization's workforce comprises 66 dedicated individuals.
Official website here: www.cedamichigan.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Star rating)
The Community Economic Development Association of Michigan has received a commendable Four-Star rating from Charity Navigator, indicating a strong performance in accountability and finance. This high score is derived entirely from their accountability metrics, reflecting the organization's commitment to transparency and responsible financial practices. The organization boasts a completely independent board, which is a positive indicator of governance.
Strengths of the association include a robust financial oversight structure, with an audit and oversight committee that meets all standards. They have consistently demonstrated responsible asset management, as evidenced by the absence of material asset diversion. High program expense ratios also suggest that a significant portion of their funding is directed towards programmatic activities, enhancing their impact in the community.
While the data does not indicate any notable limitations, the transparent governance practices and comprehensive policies in place point towards the organization’s dedication to ethical operations. Overall, the Community Economic Development Association of Michigan stands out as a financially sound nonprofit focused on serving its mission effectively.
This AI summary has been generated from information found on Charity Navigator.
Is Community Economic Development Association Of Michigan legitimate?
Community Economic Development Association Of Michigan is a legitimate nonprofit organization registered as a 501(c)(3) entity. Community Economic Development Association Of Michigan 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: $174,322
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,479,207
For more financial information, click here
Official website here: www.cedamichigan.org
What is the mission statement of Community Economic Development Association Of Michigan?
The Community Economic Development Association of Michigan (CEDAM) supports its diverse membership to foster vibrant, sustainable, and resilient communities. They enhance locally-driven community economic development efforts through training and resources, technical assistance, capacity building, and policy advocacy. The organization provides training to approximately 500 individuals from non-profit organizations, covering topics such as affordable housing development and financing, new asset-building strategies, and other community development-related topics, with the aim of building organizational capacity.
Official website here: www.cedamichigan.org
Who is the CEO of Community Economic Development Association Of Michigan?
Luke Forrest is the Executive Director of Community Economic Development Association Of Michigan.
Official website here: www.cedamichigan.org
What is the revenue of Community Economic Development Association Of Michigan?
Community Economic Development Association Of Michigan's revenue in 2022 was $4,096,846.
Official website here: www.cedamichigan.org
Who are the executives of Community Economic Development Association Of Michigan and what are their salaries?
The average compensation at Community Economic Development Association Of Michigan during 2022 was $25,053. There are 66 employees and 50 volunteers at Community Economic Development Association Of Michigan.
Here are 16 key members and their salaries:
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Official website here: www.cedamichigan.org
Where can I find the form 990 for Community Economic Development Association Of Michigan?
Community Economic Development Association Of Michigan's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.cedamichigan.org
Learn more at the official website: www.cedamichigan.org
Mission Statement of Community Economic Development Association Of Michigan
The Community Economic Development Association of Michigan (CEDAM) is dedicated to revitalizing and rebuilding communities and neighborhoods across the state. Their mission is to support their diverse membership in creating vibrant, sustainable, and resilient communities. CEDAM achieves this by enhancing locally-driven community economic development efforts through various means. They offer training and resources, technical assistance, capacity building, and policy advocacy to their members.
CEDAM's training program is a key component of their mission. They train approximately 500 individuals from non-profit organizations, equipping them with the necessary skills to build organizational capacity. The training topics often cover intensive affordable housing development and financing, new asset-building strategies, and other community development-related topics. By providing this training, CEDAM empowers its members to effectively contribute to the economic development of their communities.
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Impact
July, 2024
The impact of the Community Economic Development Association Of Michigan is seen through its support of diverse members in creating vibrant, sustainable, and resilient communities. By providing training programs for non-profit organizations, approximately 500 individuals are equipped with the skills and knowledge to enhance organizational capacity. The topics covered in these training programs range from affordable housing development and financing to asset-building strategies, contributing to community revitalization and neighborhood rebuilding efforts. Through its focus on community-based economic development, CEDAM plays a pivotal role in driving forward community improvement initiatives in Michigan.
This information is meant to be a general summary of Community Economic Development Association Of Michigan. 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: $878
- Program Service Revenue: $928,199
- Gross Receipts: $4,096,846
Assets and Liabilities:
- Total Assets: $2,302,310
- Total Liabilities: $382,285
- Net Assets: $1,920,025
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
AMERICORP & VISTA REVE
Revenue
$641,647
SERVICE FEES
Revenue
$178,000
TRAINING REVENUE
Revenue
$68,876
MEMBERSHIP DUES
Revenue
$39,676
Organization Details
Founding Year
1998
Phone
(517) 485-3588Principal Officer
Luke Forrest
Main Address
1118 S WASHINGTON AVE, LANSING, MI, 489101647
Website
www.cedamichigan.orgNTEE Category
Code: S30 - Community improvement
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