Overview
What is Community Development Capital?
Community Development Capital is a nonprofit organization situated in New Orleans, Louisiana. Their primary focus is to provide affordable financing and technical assistance to developers working in low and moderate-income neighborhoods of the city. These areas have historically faced challenges in securing financing from traditional financial institutions. By extending their support, Community Development Capital aims to promote affordable housing developments in these communities, ultimately contributing to the overall well-being and development of New Orleans' residents.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 80%, Three-Star out of Four Star rating
Community Development Capital has received a solid rating of 80%, indicating a strong performance in accountability and finance. This score is derived entirely from the Accountability & Finance beacon, reflecting the organization’s commitment to financial health and transparency. The rating is particularly significant as it shows the charity's responsible stewardship of funds and adherence to best practices.
The charity demonstrates notable strengths, including a fully independent board of directors and no material diversion of assets, which enhances its credibility. With a program expense ratio of 80.43%, Community Development Capital allocates a substantial portion of its resources directly toward its programs, showing a commitment to its mission and effective use of donations. These factors collectively contribute to a robust financial profile.
However, while the organization excels in accountability and finance, further details on its programmatic impact and outcomes could provide a more comprehensive view of its effectiveness. Potential donors might want to consider this aspect when evaluating the overall impact of their contributions.
This AI summary has been generated from information found on Charity Navigator.
Is Community Development Capital legitimate?
Community Development Capital is a legitimate nonprofit organization registered as a 501(c)(3) entity. Community Development Capital 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 Development Capital?
Community Development Capital's mission is centered around providing affordable financing and technical assistance to housing developers operating in low and moderate-income neighborhoods. Their primary goal is to bridge the financing gap in areas that traditionally lack access to funds from conventional financial institutions. This organization aims to contribute to the development of affordable housing, thereby promoting equitable living conditions. By offering loans and technical assistance, Community Development Capital empowers developers to create sustainable and affordable housing solutions, thereby improving the livelihoods of people in these communities.
Who is the CEO of Community Development Capital?
Lisa Mazique is the President of Community Development Capital.
What is the revenue of Community Development Capital?
Community Development Capital's revenue in 2022 was $55,325.
Who are the executives of Community Development Capital and what are their salaries?
Here are 5 key members and their salaries:
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- Other: $0
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Where can I find the form 990 for Community Development Capital?
Community Development Capital's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Community Development Capital
Community Development Capital, a nonprofit organization, is committed to providing affordable financing and technical assistance to housing developers operating in low and moderate-income neighborhoods. Their mission is geared towards bridging the financing gap that traditionally disadvantaged areas of New Orleans have faced, as they often struggle to secure funding from conventional financial institutions. By offering loans to developers of affordable housing, this organization plays a vital role in making housing more accessible and affordable for those who need it most.
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Impact
August, 2024
Community Development Capital's impact can be seen in the revitalization of low and moderate-income neighborhoods in New Orleans. By providing affordable financing and technical assistance to housing developers in these underserved areas, the organization has played a significant role in the creation of much-needed affordable housing units. This has helped address the housing shortage in these neighborhoods and improved the overall quality of life for residents. Ultimately, Community Development Capital's efforts have contributed to the economic and social development of these communities, promoting stability and growth.
This information is meant to be a general summary of Community Development Capital. 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.
- Program Service Revenue: $55,325
- Gross Receipts: $55,325
Assets and Liabilities:
- Total Assets: $1,036,559
- Total Liabilities: $253,700
- Net Assets: $782,859
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM INCOME
Revenue
$55,325
Organization Details
Founding Year
2000
Phone
(504) 284-8733Principal Officer
Lisa Mazique
Main Address
3436 MAGAZINE STREET, NEW ORLEANS, LA, 70130
NTEE Category
Code: L20 - Housing
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