Overview
What is Central County Community Development Corporation?
Central County Community Development Corporation (CCDC) is a nonprofit organization situated in Fort Lauderdale, Florida. Their primary focus is on small business development and loan funding, specifically targeting minority and women-owned enterprises. In the fiscal year 2022-23, they served a total of 1,289 small businesses and entrepreneurs. CCDC aims to catalyze community and economic development revitalization in low-income areas, transforming their physical, social, and economic infrastructures for improved outcomes for residents and businesses. Their principal activities include the sale of inventory lots and financing loans to small business owners in Florida. As of July 2020, CCDC was designated as a Community Development Financial Institution (CDFI) by the Department of Treasury's CDFI Fund.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 91%, Four-Star out of Four Star rating.
The Central County Community Development Corporation has earned a commendable Four-Star rating from Charity Navigator, reflecting a strong focus on accountability and finance. With an overall score calculated entirely from its accountability and finance metrics, the organization demonstrates a robust commitment to transparency and responsible financial management.
Notable strengths include an independent board with 88% of its members being independent, which promotes objectivity in governance. Furthermore, the organization has robust policies in place, including those for conflict of interest, whistleblowing, and document retention, all of which contribute to a culture of accountability and oversight. Additionally, a significant program expense ratio of 88.56% indicates that the majority of funds are directed towards its charitable activities.
Despite these strengths, the organization's liabilities to assets ratio of 53.36% suggests some level of financial leverage that could be evaluated further. However, overall, the organization shows a solid financial footing and a dedication to its mission, making it a reliable choice for donors seeking to support effective community development initiatives.
This AI summary has been generated from information found on Charity Navigator.
Is Central County Community Development Corporation legitimate?
Central County Community Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Central County Community 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: $433,719
For more financial information, click here
What is the mission statement of Central County Community Development Corporation?
The Central County Community Development Corporation's mission is centered around catalyzing community and economic development revitalization in low-income areas. Their goal is to transform the physical, social, and economic infrastructures of these communities, aiming to improve outcomes for both residents and local businesses. Principal activities include the sale of inventory lots and providing financing loans to small business owners. As a Community Development Financial Institution (CDFI), they offer economic development, providing technical assistance and direct loan funding to small businesses, particularly those owned by minorities and women. In the fiscal year 2022-23, they served a total of 1,289 small businesses and entrepreneurs.
Who is the CEO of Central County Community Development Corporation?
Germaine Smith-Baugh is the Chair of Central County Community Development Corporation.
What is the revenue of Central County Community Development Corporation?
Central County Community Development Corporation's revenue in 2023 was $1,168,745.
Who are the executives of Central County Community Development Corporation and what are their salaries?
Here are 11 key members and their salaries:
- Compensation: $0
- Related: $390,174
- Other: $46,656
- 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: $148,676
- Other: $32,745
Where can I find the form 990 for Central County Community Development Corporation?
Central County Community Development Corporation's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Central County Community Development Corporation
Central County Community Development Corporation, abbreviated as CCCDC, is committed to catalyzing community and economic development revitalization in low-income neighborhoods. Their mission is to transform the physical, social, and economic infrastructures of these communities, thereby improving the outcomes for both residents and businesses. To accomplish this, CCCDC engages in principal activities such as selling inventory lots and providing financing loans to small business owners.
In line with their mission, CCCDC offers various services to support economic development, particularly for minority and women-owned enterprises. They provide technical assistance and direct loan funding, aiming to stimulate business growth and foster a thriving local economy. CCCDC's dedication to small business development and financing has proven successful, having served over 1,289 small businesses and entrepreneurs in the recent fiscal year. By empowering these businesses, CCCDC contributes to the overall revitalization of the low-income communities they serve.
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
Central County Community Development Corporation's impact can be seen in its efforts to catalyze community and economic development revitalization in low-income communities. By transforming physical, social, and economic infrastructures, this organization works towards better outcomes for residents and businesses in Florida. Through its small business development and loan fund, Central County CDC provides technical assistance and direct loan funding to small businesses, with a particular focus on minority and women-owned enterprises. In addition, as a designated Community Development Financial Institution by the Department of Treasury CDFI Fund, Central County CDC served 1,289 small businesses and entrepreneurs in the fiscal year 2022-2023. This demonstrates the organization's commitment to fostering economic growth and stability in underserved communities, making a tangible impact on the local economy and community well-being.
This information is meant to be a general summary of Central County Community 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 2023.
- Investment Income: -$29,889
- Gross Receipts: $1,296,355
Assets and Liabilities:
- Total Assets: $9,011,450
- Total Liabilities: $4,809,063
- Net Assets: $4,202,387
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
1993
Phone
(954) 625-2508Principal Officer
Germaine Smith-Baugh
Main Address
560 NW 27TH AVE, FORT LAUDERDALE, FL, 33311
NTEE Category
Code: L20 - Housing
If you are a representative of Central County Community Development Corporation 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.