Overview
What is Community Enterprise Investments Inc?
Community Enterprise Investments Inc, based in Pensacola, Florida, is a dedicated nonprofit organization that focuses on fostering community development. They achieve this goal through two primary initiatives: affordable housing and small business loan programs. By implementing these strategies, Community Enterprise Investments contributes to the enhancement and growth of the local community, ultimately improving the living standards and economic opportunities for its residents.
Official website here: www.ceii-cdc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Two-Star out of Four Stars (Needs Improvement)
Community Enterprise Investments Inc has received a two-star rating and a score of 62% from Charity Navigator, indicating a need for improvement in its overall governance and financial transparency. While the organization benefits from having a fully independent board, which scored well in several governance areas, it lacks sufficient financial documentation, including missing financial statements and tax forms on its website.
The organization demonstrates strong program expense management with an impressive program expense ratio of 86.45%, suggesting that a significant portion of its resources is allocated to its core mission. However, the liabilities to assets ratio is concerning at 91.82%, indicating potential financial instability that could impact its operations in the long run.
Despite having policies in place for conflict of interest and whistleblowing, the absence of a document retention policy and critical financial statements raises questions about its accountability and transparency practices. Addressing these limitations could enhance the nonprofit's standing and effectiveness in serving its community.
This AI summary has been generated from information found on Charity Navigator.
Is Community Enterprise Investments Inc legitimate?
Community Enterprise Investments Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Community Enterprise Investments 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $246,525
For more financial information, click here
Official website here: www.ceii-cdc.org
What is the mission statement of Community Enterprise Investments Inc?
Community Enterprise Investments Inc. is committed to fostering community development, specifically through affordable housing and small business loan programs. Their mission is geared towards empowering local communities by providing financial assistance, thereby stimulating economic growth and improving living conditions for its residents. By offering affordable housing options and small business loans, the organization aims to uplift the economic and social fabric of the community, ultimately contributing to its overall development.
Official website here: www.ceii-cdc.org
Who is the CEO of Community Enterprise Investments Inc?
Percy Goodman Jr is the Chairman of Community Enterprise Investments Inc.
Official website here: www.ceii-cdc.org
What is the revenue of Community Enterprise Investments Inc?
Community Enterprise Investments Inc's revenue in 2022 was $1,274,225.
Official website here: www.ceii-cdc.org
Who are the executives of Community Enterprise Investments Inc and what are their salaries?
The average compensation at Community Enterprise Investments Inc during 2022 was $49,305. There are 5 employees at Community Enterprise Investments Inc.
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- Compensation: $70,350
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Official website here: www.ceii-cdc.org
Where can I find the form 990 for Community Enterprise Investments Inc?
Community Enterprise Investments Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.ceii-cdc.org
Learn more at the official website: www.ceii-cdc.org
Mission Statement of Community Enterprise Investments Inc
Community Enterprise Investments, a nonprofit organization, is dedicated to fostering community development by focusing on affordable housing and small business loan programs. By promoting these initiatives, the organization aims to contribute positively to its local community in Pensacola, FL. The mission of Community Enterprise Investments is to empower its community by providing accessible housing options and supporting small businesses, thereby stimulating economic growth and improving living standards.
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Impact
July, 2024
Community Enterprise Investments Inc's impact includes promoting community development through affordable housing and small business loan programs in Pensacola, FL. They actively work towards improving the local community by providing opportunities for individuals to access affordable housing and obtain loans to support their small businesses. Through their initiatives, they contribute to the overall economic growth and stability of Pensacola, making a positive impact on the lives of residents and businesses in the area.
This information is meant to be a general summary of Community Enterprise Investments 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 2022.
- Investment Income: $12,705
- Program Service Revenue: $852,707
- Gross Receipts: $1,513,939
Assets and Liabilities:
- Total Assets: $5,151,153
- Total Liabilities: $4,835,742
- Net Assets: $315,411
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$826,206
HOUSING INCOME
Revenue
$26,501
Organization Details
Founding Year
1974
Phone
(850) 595-6234Principal Officer
Percy Goodman Jr
Main Address
302 N BARCELONA STREET, PENSACOLA, FL, 325014806
Website
www.ceii-cdc.orgNTEE Category
Code: L20 - Housing
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