Overview
What is Community Service Building Corp?
Community Service Building Corp is a nonprofit organization situated in Wilmington, Delaware, specifically at 100 W 10th St Suite 201. Established in 1997, their mission is to better the lives of Delaware's current and future generations by offering an advanced, professional, and collaborative work environment at reduced rental rates to various-sized and purpose-driven charitable nonprofit organizations. In 2022, they provided below-market rental rates to such organizations, saving them a substantial amount of $1,417,771. Additionally, the building offers parking facilities to tenants and their guests as a part of their leasing agreements, which were valued at $1,236,364 for 2022. The organization employs a workforce of three individuals.
Official website here: www.csbcorp.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Star rating)
Community Service Building Corp has received a solid Three-Star rating from Charity Navigator, reflecting a commendable performance in accountability and finance. The organization boasts an impressive score of 81, indicating a strong commitment to transparency and responsible management of its resources.
One of the standout strengths of the organization is its governance structure, with 100% independent board members and a well-documented conflict of interest policy. Additionally, the charity has shown no material diversion of assets, reinforcing its credibility. The program expense ratio of nearly 94% highlights that a large portion of its funds is directed toward its programs, which is a positive indicator of effective resource allocation.
While the organization has demonstrated strong accountability practices, there are no noted limitations in the data provided. Overall, Community Service Building Corp appears to operate efficiently and responsibly, making it a reliable option for potential donors looking to support community-focused initiatives.
This AI summary has been generated from information found on Charity Navigator.
Is Community Service Building Corp legitimate?
Community Service Building Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Community Service Building 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: $204,005
Professional Fundraising Fees: $0
Other Salaries and Wages: $171,261
For more financial information, click here
Official website here: www.csbcorp.org
What is the mission statement of Community Service Building Corp?
The Community Service Building Corp's mission is centered around enhancing the lives of various generations within a specific state. They achieve this by offering a modern, collaborative, and cost-effective workspace to a range of charitable nonprofit organizations. Located in an unspecified location, the Community Service Building has been operational since April 1, 1997. Its primary objective is to provide these nonprofits with office space at rates below market value, thereby allowing them to focus more on their respective missions and less on financial constraints. By doing so, the organization contributes to the overall well-being of the community and society at large.
Official website here: www.csbcorp.org
Who is the CEO of Community Service Building Corp?
Jaime Bohn Cfm is the President of Community Service Building Corp.
Official website here: www.csbcorp.org
What is the revenue of Community Service Building Corp?
Community Service Building Corp's revenue in 2022 was $2,473,111.
Official website here: www.csbcorp.org
Who are the executives of Community Service Building Corp and what are their salaries?
The average compensation at Community Service Building Corp during 2022 was $125,089. There are 3 employees and 8 volunteers at Community Service Building Corp.
Here are 11 key members and their salaries:
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- Compensation: $165,355
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- Other: $38,650
- Compensation: $100,394
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- Other: $23,020
Official website here: www.csbcorp.org
Where can I find the form 990 for Community Service Building Corp?
Community Service Building Corp's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.csbcorp.org
Learn more at the official website: www.csbcorp.org
Mission Statement of Community Service Building Corp
The Community Service Building Corp, established in 1997, is committed to bettering the lives of generations to come in Delaware. It accomplishes this objective by offering a cutting-edge, professional, and collaborative workspace at reduced rental rates to various-sized nonprofit organizations. The primary mission of this corporation is to create an environment that fosters innovation and productivity for these charitable institutions, thereby contributing to the overall improvement of the community. By providing below-market rent for administrative offices, the Community Service Building Corp enables these nonprofits to allocate their resources more effectively towards their respective causes, ultimately enhancing the quality of life for the state's residents.
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Impact
July, 2024
Community Service Building Corp's impact is significant in supporting nonprofit organizations by providing them with office space at below-market rental rates. In 2022 alone, the difference between market rates and the rates charged to nonprofit tenants amounted to $1,417,771. Additionally, the organization also offers parking to tenants and their guests, with an estimated value of $1,236,364 for 2022. Since its establishment in 1997, the Community Service Building has been dedicated to enhancing the quality of life in Delaware by fostering an innovative, professional, and collaborative work environment for charitable nonprofit organizations of various sizes and purposes. Their commitment to offering affordable office space contributes to the sustainability and growth of these nonprofits, ultimately benefiting the broader community.
This information is meant to be a general summary of Community Service Building 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: $503,953
- Program Service Revenue: $1,648,524
- Gross Receipts: $2,473,118
Assets and Liabilities:
- Total Assets: $25,080,438
- Total Liabilities: $227,991
- Net Assets: $24,852,447
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Rental income
Revenue
$1,648,524
Organization Details
Founding Year
1995
Phone
(302) 777-3266Principal Officer
Jaime Bohn Cfm
Main Address
100 W 10th St Suite 201, Wilmington, DE, 198011632
Website
www.csbcorp.orgNTEE Category
Code: S50 - Community improvement
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