Overview
What is Community Development Bankers Association?
The Community Development Bankers Association, located in Washington D.C., is a nonprofit organization dedicated to supporting and educating financial institutions, socially motivated investors, and community development banks. Their primary mission is to aid in the rebuilding of low-income communities by addressing their credit and financial service needs. The association accomplishes this by hosting peer forums and providing educational materials, ensuring that its member organizations have access to federal resources and funding to further their community development missions.
Official website here: www.cdbanks.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81%, Three-Star out of Four Star rating.
The Community Development Bankers Association (CDBA) has achieved a solid rating of 81%, reflecting its strong performance in accountability and finance. This score is derived completely from a single beacon focused on these aspects, highlighting the organization's commitment to transparency and effective financial management.
CDBA demonstrates impressive governance with a fully independent board, scoring maximum points in board member independence and size. Additionally, the organization has no reported material diversion of assets and has well-established policies for conflict of interest, whistleblowing, and document retention. The high program expense ratio of 87% indicates a strong focus on its mission-driven activities.
Despite its strengths, the rating is solely based on accountability and finance metrics, which may not capture the full impact of CDBA's programs or community contributions. Nonetheless, the organization shows a commitment to ethical practices and financial stewardship, which is a positive signal for potential donors and stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Community Development Bankers Association legitimate?
Community Development Bankers Association is a legitimate nonprofit organization registered as a 501(c)(3) entity. Community Development Bankers Association 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.
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Official website here: www.cdbanks.org
What is the mission statement of Community Development Bankers Association?
The Community Development Bankers Association's mission is centered around rebuilding low-income communities. To achieve this, the organization focuses on educating the financial services industry, which includes socially motivated investors and community development banks, about the credit and financial service needs of these communities. By doing so, they aim to contribute to the revitalization of these communities. The Association accomplishes this by hosting peer forums and providing educational materials to its member organizations, informing them about available federal resources and funding that can aid in their specific community development missions.
Official website here: www.cdbanks.org
Who is the CEO of Community Development Bankers Association?
Jeannine Jacokes is the Chair of Community Development Bankers Association.
Official website here: www.cdbanks.org
What is the revenue of Community Development Bankers Association?
Community Development Bankers Association's revenue in 2022 was $1,256,870.
Official website here: www.cdbanks.org
Who are the executives of Community Development Bankers Association and what are their salaries?
There 15 volunteers at Community Development Bankers Association.
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Official website here: www.cdbanks.org
Where can I find the form 990 for Community Development Bankers Association?
Community Development Bankers Association's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.cdbanks.org
Learn more at the official website: www.cdbanks.org
Mission Statement of Community Development Bankers Association
The Community Development Bankers Association (CDBA) is committed to rebuilding low-income communities by enlightening the financial services sector, including socially motivated investors and community development banks, about the credit and financial service requirements of these communities. The organization's mission is to bridge the gap between the financial needs of these communities and the resources available to meet those needs. CDBA achieves this objective by hosting peer forums and supplying educational materials to its member organizations. These resources help these organizations better understand and utilize federal resources and funding to further their specific community development missions.
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Impact
July, 2024
The Community Development Bankers Association plays a crucial role in furthering the rebuilding of low-income communities by educating the financial services industry, socially motivated investors, and community development banks on the credit and financial service needs of these communities. Through hosting peer forums and providing educational materials, CDBA equips its member organizations with knowledge on available federal resources and funding opportunities to help them advance their specific community development missions. This impact contributes directly to the improvement of communities in need, fostering economic development and financial inclusion.
This information is meant to be a general summary of Community Development Bankers Association. 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: $1,815
- Program Service Revenue: $246,274
- Gross Receipts: $1,256,870
Assets and Liabilities:
- Total Assets: $1,676,813
- Total Liabilities: $613,503
- Net Assets: $1,063,310
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PEER FORUM SPONSORSHIP
Revenue
$161,000
PEER FORUM ATTENDANCE
Revenue
$85,274
Organization Details
Founding Year
2001
Phone
(202) 689-8935Principal Officer
Jeannine Jacokes
Main Address
1201 15TH STREET NW SUITE 200, WASHINGTON, DC, 20005
Website
www.cdbanks.orgNTEE Category
Code: S41 - Community improvement
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