Overview
What is Community Preservation Development Corporation?
Community Preservation Development Corporation (CPDC) is a nonprofit organization situated in Maryland, specifically at 8403 Coleville Road, Silver Spring, with a mission to create and preserve affordable housing for low-income individuals and families. They achieve this goal through the acquisition, development, and ownership of rental communities in Washington D.C., Virginia, and Maryland. CPDC's activities go beyond just providing housing; they also establish service programs in collaboration with residents of their housing developments, aiming to strengthen communities and increase opportunities for individual growth. These services promote community development and personal advancement by fostering strategic alliances with private institutions, non-profit organizations, local, and federal government agencies. Consequently, CPDC residents and people in the surrounding communities gain the necessary resources and tools to drive positive change at the personal and community levels.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79%, Three-Star out of Four Star rating from Charity Navigator.
Community Preservation Development Corporation has received a solid Three-Star rating, reflecting a commendable score of 79% primarily in the area of Accountability & Finance. This score indicates a strong adherence to financial standards and practices, which is crucial for maintaining donor trust and organizational integrity.
The organization excels in several key areas, such as having no material diversion of assets and maintaining robust policies for conflicts of interest, whistleblowers, and document retention. Additionally, an impressive 95.03% of their expenses are directed towards programs, highlighting their commitment to utilizing resources effectively for their mission.
However, while the financial metrics are strong, the rating is solely based on Accountability & Finance, suggesting that additional aspects like program impact and community feedback are not reflected in this score. This could imply limitations in assessing the overall effectiveness and reach of their programs.
This AI summary has been generated from information found on Charity Navigator.
Is Community Preservation Development Corporation legitimate?
Community Preservation Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Community Preservation 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Community Preservation Development Corporation?
The Community Preservation Development Corporation (CPDC) is committed to creating and preserving financially stable, socially responsible, and affordable rental housing for individuals and families with low to moderate income. They achieve this by sponsoring the acquisition, development, and ownership of rental communities. Furthermore, CPDC coordinates and develops site-based resident services to promote individual growth and community development. These services foster networks among residents, private sector institutions, nonprofit organizations, and local and federal government agencies, resulting in strategic alliances that provide resources and tools for dynamic change at the personal and community level.
Who is the CEO of Community Preservation Development Corporation?
Brian P Mclaughlin is the President of Community Preservation Development Corporation.
What is the revenue of Community Preservation Development Corporation?
Community Preservation Development Corporation's revenue in 2022 was $2,484,318.
Who are the executives of Community Preservation Development Corporation and what are their salaries?
Here are 10 key members and their salaries:
- Compensation: $0
- Related: $634,188
- Other: $24,135
- Compensation: $0
- Related: $551,286
- Other: $45,732
- Compensation: $0
- Related: $329,462
- Other: $40,445
- Compensation: $0
- Related: $259,591
- Other: $45,295
- Compensation: $0
- Related: $646,044
- Other: $43,150
- Compensation: $0
- Related: $341,976
- Other: $37,584
- Compensation: $0
- Related: $297,497
- Other: $53,652
- Compensation: $0
- Related: $251,243
- Other: $35,976
- Compensation: $0
- Related: $480,037
- Other: $25,284
- Compensation: $0
- Related: $1,684,582
- Other: $16,754
Where can I find the form 990 for Community Preservation Development Corporation?
Community Preservation Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Community Preservation Development Corporation
Community Preservation Development Corporation (CPDC) is a nonprofit organization dedicated to creating and preserving financially stable and socially responsible rental housing for individuals and families with low to moderate income. Their mission is multifaceted, encompassing the acquisition, development, and ownership of rental communities. CPDC goes beyond providing affordable housing, coordinating and developing site-based resident services that promote personal growth and community development. These services establish strategic alliances with private sector institutions, nonprofit organizations, local, and federal government agencies. These partnerships offer CPDC residents and surrounding communities the necessary resources and tools to bring about dynamic change at a personal and community level. CPDC's goal is to foster a supportive environment that encourages individual growth and community development through resident networks and collaborations with various organizations.
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Impact
July, 2024
Community Preservation Development Corporation's impact is seen through its dedication to developing and preserving financially sound, socially responsible affordable housing for low-income individuals and families. By acquiring, developing, and owning rental communities in Washington, D.C., Virginia, and Maryland, CPDC ensures that those in need have access to decent, safe, and affordable housing options. Additionally, CPDC works in partnership with residents of these housing developments to establish service programs that strengthen communities and increase opportunities for individual growth. Through strategic alliances with residents, private sector institutions, community organizations, and government agencies, CPDC creates programs that provide resources and tools for residents to bring about dynamic change at both the personal and community level.
This information is meant to be a general summary of Community Preservation 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: $1,012,577
- Program Service Revenue: $1,252,268
- Gross Receipts: $2,484,318
Assets and Liabilities:
- Total Assets: $80,643,228
- Total Liabilities: $8,947,755
- Net Assets: $71,695,473
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ASSET MANAGEMENT FEES
Revenue
$804,495
Organization Details
Founding Year
1989
Phone
(410) 332-7400Principal Officer
Brian P Mclaughlin
Main Address
8403 COLESVILLE ROAD 1150, SILVER SPRING, MD, 20910
NTEE Category
Code: L20Z - Housing
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