Overview
What is Community Development Resources?
Community Development Resources is a nonprofit organization located in Lincoln, Nebraska, with a team of six dedicated individuals. Their primary mission is to foster economic opportunities and strong communities by offering capital and technical assistance to develop and strengthen small businesses. Additionally, they strive to increase the availability of affordable housing and promote community development. By providing these essential resources, Community Development Resources contributes to the overall growth and vitality of the communities they serve.
Official website here: www.cdr-nebraska.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79% (Three-Star out of Four Star Rating)
Community Development Resources has received a Three-Star rating from Charity Navigator, with a score of 79%. This rating is derived primarily from its Accountability and Finance metrics, indicating that the organization demonstrates a solid level of financial health and transparency. The accountability score reflects strong governance practices, such as having a fully independent board and comprehensive financial oversight mechanisms.
The organization excels in several key areas, including its independent board composition and the absence of any financial mismanagement, evidenced by the perfect score in the material diversion of assets category. Furthermore, it has established policies for conflict of interest and whistleblower protections, which are essential for maintaining integrity and accountability within the organization. Their program expense ratio is reasonably robust at 68.72%, signifying that a significant portion of their financial resources is directed towards their programs and services.
However, they encountered a lower score in the liabilities to assets ratio, which may indicate some financial concerns that require attention. Despite this, the overall structure and policies in place suggest that Community Development Resources is committed to maintaining a responsible and ethical approach to its operations.
This AI summary has been generated from information found on Charity Navigator.
Is Community Development Resources legitimate?
Community Development Resources is a legitimate nonprofit organization registered as a 501(c)(3) entity. Community Development Resources 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: $128,195
Professional Fundraising Fees: $0
Other Salaries and Wages: $109,259
For more financial information, click here
Official website here: www.cdr-nebraska.org
What is the mission statement of Community Development Resources?
Community Development Resources is dedicated to fostering economic opportunities and strong communities. They achieve this by offering capital and technical assistance to strengthen small businesses, increasing the availability of affordable housing, and promoting community development as a whole. The organization's primary goal is to create an environment that empowers businesses and communities to thrive and grow. By providing essential resources and support, Community Development Resources aims to contribute to the betterment of local economies and living conditions.
Official website here: www.cdr-nebraska.org
Who is the CEO of Community Development Resources?
Farshad Maltes is the Executive Director of Community Development Resources.
Official website here: www.cdr-nebraska.org
What is the revenue of Community Development Resources?
Community Development Resources's revenue in 2022 was $930,664.
Official website here: www.cdr-nebraska.org
Who are the executives of Community Development Resources and what are their salaries?
The average compensation at Community Development Resources during 2022 was $39,576. There are 6 employees at Community Development Resources.
Here are 19 key members and their salaries:
- Compensation: $18,538
- Related: $0
- Other: $0
- Compensation: $68,291
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $41,366
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.cdr-nebraska.org
Where can I find the form 990 for Community Development Resources?
Community Development Resources's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.cdr-nebraska.org
Learn more at the official website: www.cdr-nebraska.org
Mission Statement of Community Development Resources
Community Development Resources, a nonprofit organization, is dedicated to fostering economic opportunities and strong communities. They achieve this mission by offering capital and technical assistance to help develop and strengthen small businesses. Furthermore, the organization works towards increasing the supply of affordable housing and promoting community development as a whole. By providing these essential resources, Community Development Resources aims to create a more prosperous and interconnected community.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
July, 2024
Community Development Resources has a significant impact on strengthening communities by providing crucial capital and technical assistance to develop and fortify small businesses. Additionally, the organization plays a key role in increasing the supply of affordable housing, contributing to the overall promotion of community development. This results in economic opportunity being created, which ultimately leads to the improvement and empowerment of communities in the city of Lincoln, NE.
This information is meant to be a general summary of Community Development Resources. 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: $412
- Program Service Revenue: $329,124
- Gross Receipts: $930,664
Assets and Liabilities:
- Total Assets: $1,358,465
- Total Liabilities: $745,426
- Net Assets: $613,039
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
DEBT FORGIVENESS
Revenue
$157,024
LOAN FEE INCOME
Revenue
$74,327
DEBT RECOVERY
Revenue
$56,636
LOAN INTEREST INCOME
Revenue
$41,137
Organization Details
Founding Year
1995
Phone
(402) 436-2386Principal Officer
Farshad Maltes
Main Address
912 N 70TH ST, LINCOLN, NE, 68505
Website
www.cdr-nebraska.orgNTEE Category
Code: S43 - Community improvement
If you are a representative of Community Development Resources and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.