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Community Bonds Inc

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 812912950 ✦ New haven, CT ✦ Designated as a 501(c)(3)

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Overview

What is Community Bonds Inc?

Community Bonds Inc is a nonprofit organization situated in New Haven, Connecticut, with a headquarters at 19 Grand Avenue, 06513. Their primary mission is to alleviate the immediate effects of the criminal justice system, specifically pre-trial detention, by offering charitable bail assistance to individuals in Connecticut. Their work extends beyond financial aid, connecting individuals and their families with community support resources to navigate the challenges they face. They strive to reduce the harmful consequences of mass criminalization, incarceration, and deportation while fostering grassroots community empowerment among those most affected by these systems. With a team of 19 dedicated individuals, Community Bonds Inc is committed to advocating for and supporting those impacted by criminalization, homelessness, and deportation.


Official website here: www.ctbailfund.org

What are the reviews and ratings of this charity?

Charity Navigator Rating: 88% (Three-Star out of Four Star Rating)

Community Bonds Inc has achieved a solid rating of 88%, reflecting a strong focus on accountability and finance. The organization has demonstrated effective governance with a majority of independent board members and strong oversight practices, achieving full points in several key areas, including audit and oversight committee performance and liabilities to assets ratio.

Despite these strengths, there are areas where Community Bonds Inc could improve. The absence of a whistleblower policy and document retention and destruction policy, along with the missing tax form on the nonprofit's website, indicate a need for better compliance with recommended governance practices. These gaps could be a concern for potential donors looking for transparency and thoroughness in nonprofit management.

Overall, while Community Bonds Inc has demonstrated commendable financial practices and accountability, addressing the noted deficiencies could enhance its operational integrity and potentially lead to an improved rating in the future.


This AI summary has been generated from information found on Charity Navigator.

Is Community Bonds Inc legitimate?

Community Bonds Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Community Bonds 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: $168,424
Professional Fundraising Fees: $0
Other Salaries and Wages: $230,995

For more financial information, click here


Official website here: www.ctbailfund.org

What is the mission statement of Community Bonds Inc?

Community Bonds Inc's mission is centered around alleviating the negative consequences of mass criminalization, incarceration, and deportation. The organization strives to build grassroots community power among those most affected by these systems. In pursuit of this goal, Community Bonds Inc provides charitable bail assistance for individuals in pre-trial detention in Connecticut. Additionally, they connect individuals and families in need with community support resources. The organization's mission aims to reduce the harmful effects of the prison system and empower those who have been adversely impacted by criminalization, homelessness, and deportation.


Official website here: www.ctbailfund.org

Who is the CEO of Community Bonds Inc?

Tasha Blanco is the Co President of Community Bonds Inc.


Official website here: www.ctbailfund.org

What is the revenue of Community Bonds Inc?

Community Bonds Inc's revenue in 2021 was $520,817.


Official website here: www.ctbailfund.org

Who are the executives of Community Bonds Inc and what are their salaries?

The average compensation at Community Bonds Inc during 2021 was $21,022. There are 19 employees at Community Bonds Inc.


Here are 6 key members and their salaries:


Jewu Richardson (Co President)
  • Compensation: $78,785
  • Related: $0
  • Other: $0
Tasha Blanco (Co President)
  • Compensation: $78,343
  • Related: $0
  • Other: $0
Emma Jones (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kennard Ray (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
James Jeter (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brett Davidson (Former President)
  • Compensation: $12,880
  • Related: $0
  • Other: $925


Official website here: www.ctbailfund.org

Where can I find the form 990 for Community Bonds Inc?

Community Bonds Inc's most recent form 990 was submitted in 2021 and can be accessed here.


Official website here: www.ctbailfund.org

Learn more at the official website: www.ctbailfund.org

Mission Statement of Community Bonds Inc

Community Bonds Inc, a nonprofit organization, is committed to reducing the detrimental effects of mass criminalization, incarceration, and deportation. Their mission is twofold: first, they aim to minimize the harm caused by the prison system, and second, they strive to foster grassroots community power among those who are most affected by criminalization, homelessness, and deportation.

To accomplish this mission, Community Bonds Inc operates a pre-trial defense program. This program provides charitable bail assistance to individuals in pre-trial detention in Connecticut. Beyond financial aid, the program also connects individuals and their families with community support resources. This comprehensive approach helps to mitigate the negative impacts of the criminal justice system and provides a much-needed lifeline to those caught within its grasp. By offering this assistance, Community Bonds Inc is not only alleviating immediate hardships but also empowering individuals and families to rebuild their lives and become active participants in their communities.

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Impact




July, 2024

Community Bond Inc's impact is significant in reducing the direct harms caused by mass criminalization, incarceration, and deportation. The organization's pre-trial defense program provides charitable bail assistance for individuals in pretrial detention in Connecticut, connecting them and their families with vital community support resources. By focusing on reducing the negative impacts of the prison system and empowering those most affected by criminalization, homelessness, and deportation, Community Bond Inc is working to build grassroots community power and create positive change in New Haven, CT and beyond.




This information is meant to be a general summary of Community Bonds 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.

Revenue
$520,817 (2021)
Expenses
$702,189 (2021)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2021.

  • Investment Income: $465
  • Gross Receipts: $520,817

Assets and Liabilities:

  • Total Assets: $1,878,575
  • Total Liabilities: $177,645
  • Net Assets: $1,700,930

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Organization Details

Founding Year

2016

Principal Officer

Tasha Blanco

Main Address

19 GRAND AVENUE, NEW HAVEN, CT, 06513

NTEE Category

Code: P20 - Human services

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