Overview
What is North Carolina Community Development Initiative Inc?
North Carolina Community Development Initiative Inc, headquartered in Durham, North Carolina, is a statewide public-private partnership dedicated to bettering the lives of individuals in low-income communities. Through its leadership and capital investment, the organization supports high-performing Community Development Corporations (CDCs) and other community-based economic development ventures, such as social enterprises. The Initiative's primary objective is to allocate funds to grantees based on their capacity to deliver essential services, thereby enhancing the overall well-being of the community. With a team of 5 dedicated employees, North Carolina Community Development Initiative Inc plays a significant role in fostering growth and development in underprivileged regions.
Is North Carolina Community Development Initiative Inc legitimate?
North Carolina Community Development Initiative Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. North Carolina Community Development Initiative Inc 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: $81,829
Professional Fundraising Fees: $0
Other Salaries and Wages: $27,971
For more financial information, click here
What is the mission statement of North Carolina Community Development Initiative Inc?
The North Carolina Community Development Initiative is a public-private partnership that offers leadership and capital investment to high-performing community development corporations (CDCs) and other community-based economic development initiatives, such as social enterprises. Its primary goal is to enhance the well-being and quality of life for people residing in low-resource communities. By supporting these entities, the initiative aims to foster sustainable growth and development, ultimately leading to improved living standards for the community members.
Who is the CEO of North Carolina Community Development Initiative Inc?
Kevin J Price is the Cfo of North Carolina Community Development Initiative Inc.
What is the revenue of North Carolina Community Development Initiative Inc?
North Carolina Community Development Initiative Inc's revenue in 2020 was $257,686.
Who are the executives of North Carolina Community Development Initiative Inc and what are their salaries?
The average compensation at North Carolina Community Development Initiative Inc during 2020 was $21,960. There are 5 employees at North Carolina Community Development Initiative Inc.
Here are 14 key members and their salaries:
- Compensation: $82,857
- Related: $41,108
- Other: $18,240
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- Related: $125,469
- Other: $7,600
- Compensation: $20,392
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- Other: $5,074
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Where can I find the form 990 for North Carolina Community Development Initiative Inc?
North Carolina Community Development Initiative Inc's most recent form 990 was submitted in 2020 and can be accessed here.
Mission Statement of North Carolina Community Development Initiative Inc
North Carolina Community Development Initiative, a public-private partnership, plays a significant role in uplifting low-resource communities. Their mission is twofold: firstly, they provide leadership and capital investment to high-performing Community Development Corporations (CDCs) and other community-based economic development endeavors, such as social enterprises. Secondly, they aim to enhance the well-being and quality of life for people residing in these communities. By partnering with these CDCs and social enterprises, they seek to foster sustainable growth and development, ultimately improving the livelihoods of individuals in need.
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Impact
October, 2024
North Carolina Community Development Initiative Inc significantly impacts low-resource communities by providing essential leadership and capital investment to high-performance community development corporations (CDCs) and other community-based economic development initiatives, such as social enterprises. Through targeted funding and support, they enhance the capacity of these organizations to deliver vital services, ultimately improving the well-being and quality of life for residents in underserved areas. The initiative fosters a collaborative public-private partnership approach, which not only strengthens local economies but also empowers communities to build sustainable solutions tailored to their unique challenges. By prioritizing effective service delivery and community engagement, North Carolina Community Development Initiative Inc plays a crucial role in driving positive change across the state.
This information is meant to be a general summary of North Carolina Community Development Initiative Inc. 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 2020.
- Investment Income: $105
- Gross Receipts: $1,575,804
Assets and Liabilities:
- Total Assets: $0
- Total Liabilities: $0
- Net Assets: $0
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Organization Details
Founding Year
1993
Phone
(919) 956-2313Principal Officer
Kevin J Price
Main Address
POST OFFICE BOX 1331, DURHAM, NC, 27702
NTEE Category
Code: S300 - Community improvement
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