Overview
What is Community Development Corporation Of Brownsville?
The Community Development Corporation of Brownsville, doing business as Come Dream Come Build (CDCB), is a nonprofit organization based in Brownsville, Texas (TX), specifically at 901 E Levee, with a mission to help low-income families improve their financial security. They accomplish this mission by offering financial education, GED education, and job training, in addition to producing, financing, and managing affordable housing. So far, CDCB has built or financed 71 single-family homes for homeownership and developed 50 rental units. They have also assisted 1,613 families with rental assistance and 723 families with first-time homeownership counseling, making 116 families home buyer ready. CDCB conducts financial education classes and helps families complete their income tax returns. Their team consists of 87 dedicated employees.
Official website here: www.cdcb.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 83% (Three-Star out of Four Star Rating)
The Community Development Corporation Of Brownsville has received an 83% rating from Charity Navigator, which reflects a solid level of accountability and finance management. This score, determined solely from their Accountability & Finance beacon, indicates that the organization maintains a high standard of financial integrity, with significant positive points awarded for independent board members and robust financial oversight mechanisms.
The organization boasts a fully independent board, with 100% of its members meeting this criterion. Additionally, it has demonstrated effective financial practices, including a high program expense ratio of 93.47%, suggesting that a significant portion of its funds are directed towards its programs rather than administrative costs. The presence of established policies such as conflict of interest and whistleblower protections further enhances its accountability.
However, one area of concern is the liabilities to assets ratio, which stands at 67.31%. While this ratio is a point of consideration, the overall financial health of the organization remains strong, as evidenced by its management practices and commitment to transparency. Overall, the Community Development Corporation Of Brownsville appears committed to responsible stewardship of its resources.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Community Development Corporation Of Brownsville?
92% of 37 reviewers on Facebook recommend the Community Development Corporation of Brownsville. Here is a summary of their reviews:
Many individuals praise the organization for its effective work and dedicated staff. Comments highlight the positive impact the nonprofit has on the community, particularly in addressing housing needs. The sentiment reflects appreciation for the efforts made by the team, describing them as amazing and committed to promoting development and support within the area.
Overall, it appears that the Community Development Corporation of Brownsville is well-regarded by the community, with users expressing satisfaction with the services provided and the organization’s commitment to its mission.
This AI summary has been generated from reviews found on Facebook.
Is Community Development Corporation Of Brownsville legitimate?
Community Development Corporation Of Brownsville is a legitimate nonprofit organization registered as a 501(c)(3) entity. Community Development Corporation Of Brownsville 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: $243,666
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,185,571
For more financial information, click here
Official website here: www.cdcb.org
What is the mission statement of Community Development Corporation Of Brownsville?
The Community Development Corporation of Brownsville, referred to as Come Dream Come Build, focuses on helping low-income residents improve their financial security. They achieve this goal through various means, including financial education, GED education, and job training. Additionally, they engage in the production, finance, and management of affordable housing. Through their initiatives, CDCB has built or financed 71 single family homes for home ownership, provided rental assistance to 1,613 families, and developed 50 rental units. They offer housing counseling, affordable rents, below market financing, and construction of home designs to help families attain or preserve housing. CDCB has assisted 723 families with first-time home ownership counseling, making 116 families home buyer ready, and conducted 11 financial education classes. They have also assisted 122 families in completing their income tax returns.
Official website here: www.cdcb.org
Who is the CEO of Community Development Corporation Of Brownsville?
Nick Mitchell Bennett is the Board Chair of Community Development Corporation Of Brownsville.
Official website here: www.cdcb.org
What is the revenue of Community Development Corporation Of Brownsville?
Community Development Corporation Of Brownsville's revenue in 2022 was $22,560,520.
Official website here: www.cdcb.org
Who are the executives of Community Development Corporation Of Brownsville and what are their salaries?
The average compensation at Community Development Corporation Of Brownsville during 2022 was $27,922. There are 87 employees and 61 volunteers at Community Development Corporation Of Brownsville.
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Official website here: www.cdcb.org
Where can I find the form 990 for Community Development Corporation Of Brownsville?
Community Development Corporation Of Brownsville's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.cdcb.org
Learn more at the official website: www.cdcb.org
Mission Statement of Community Development Corporation Of Brownsville
Community Development Corporation of Brownsville, or CDCB, is a mission-driven organization dedicated to improving the financial security of low-income residents. Through innovative programs, this nonprofit assists individuals in attaining or preserving affordable housing, achieving GED education, and undergoing job training.
CDCB's primary objective is to produce, finance, and manage affordable housing units. To date, they have constructed and financed 71 single-family homes for homeownership, providing a stable foundation for families in need. In addition, they have developed 50 rental units, offering affordable living options to those who may not otherwise have access.
To ensure the success of their housing initiatives, CDCB offers various support services. They provide housing counseling, assisting families in navigating the complex process of attaining or maintaining homeownership. They also offer rental assistance, making it possible for individuals and families to afford their living expenses. Below-market financing is another crucial component of CDCB's offerings, ensuring that housing remains accessible to those with limited financial resources.
CDCB's commitment to empowering low-income individuals goes beyond housing. They offer financial education classes, helping people to better understand their finances and make informed decisions. Additionally, they provide tax return assistance, ensuring that families do not miss out on important financial benefits.
CDCB's impact extends to the lives of many. They have assisted 1,613 families with rental assistance, providing a critical safety net during times of financial hardship. They have also conducted 11 financial education classes, educating 122 families on essential money management skills. In total, they have assisted 723 families with first-time homeownership counseling, making 116 families ready to become home buyers. By offering a comprehensive suite of services, CDCB is a valuable resource for low-income residents, helping them to improve their financial security and build a better future.
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Impact
October, 2024
The Community Development Corporation of Brownsville (CDCB) significantly enhances the lives of low-income residents by fostering financial security and promoting home ownership. Through various programs, CDCB provides essential financial education, GED preparation, job training, and access to affordable housing.
One of CDCB's key achievements is assisting 1,613 families with rental assistance, thereby stabilizing their housing situations. The organization has successfully built or financed 71 single-family homes and developed 50 rental units, offering opportunities for safe and affordable housing. Additionally, CDCB helps families become home buyer-ready through comprehensive counseling, with 723 families benefiting from guidance on first-time home ownership.
Their financial education initiatives include conducting 11 classes, equipping participants with vital skills to manage finances effectively. Furthermore, CDCB has enabled 122 families to complete their income tax returns, ensuring they receive the financial benefits they deserve. Overall, CDCB's multifaceted approach empowers families, strengthens community bonds, and paves the way for sustainable living conditions in Brownsville.
This information is meant to be a general summary of Community Development Corporation Of Brownsville. 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: $503,339
- Program Service Revenue: $7,791,036
- Gross Receipts: $23,201,105
Assets and Liabilities:
- Total Assets: $62,698,216
- Total Liabilities: $41,034,908
- Net Assets: $21,663,308
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
HOME & LOT SALES
Revenue
$5,724,982
OTHER EARNED INCOME
Revenue
$806,192
MANAGEMENT FEES
Revenue
$513,640
DEVELOPER FEES
Revenue
$477,483
NET FEES
Revenue
$268,739
Organization Details
Founding Year
1975
Phone
(956) 541-4955Principal Officer
Nick Mitchell Bennett
Main Address
901 E LEVEE, BROWNSVILLE, TX, 78520
Website
www.cdcb.orgNTEE Category
Code: L210 - Housing
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