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Apple Community Development Corporation

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

EIN: 814494791 ✦ Arlington, TX ✦ Designated as a 501(c)(3)

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Overview

What is Apple Community Development Corporation?

Apple Community Development Corporation, established in 2016 in Arlington, Texas, is a 501c3 non-profit organization. Its primary focus is to offer technical support and financial assistance to both non-profit organizations and small businesses. The corporation also provides financial literacy programs to aid home buyers and owners. Furthermore, Apple Community Development Corporation engages in revenue generation through loan originations, offering services such as equipment financing, factoring, credit card processing, and small business loans. This multifaceted non-profit serves communities across the United States.


Official website here: www.applecdc.org

What are the reviews and ratings of this charity?

Charity Navigator Rating: 88%, Three-Star out of Four Star rating

Apple Community Development Corporation demonstrates a solid performance with an 88% rating from Charity Navigator, reflecting its strong accountability and finance practices. The organization excels in community engagement and leadership, achieving a perfect score in both culture and community as well as leadership and adaptability. Furthermore, it maintains a high program expense ratio, indicating that a significant portion of its funding is directed toward its programs.

User feedback highlights the impactful work of Apple CDC, particularly in supporting underserved communities by providing vital information and resources. A board member's review emphasizes the effectiveness of the organization in addressing the needs of those who may struggle to access necessary support due to limited resources. This positive perception reinforces the nonprofit's reputation and commitment to its mission.

While the organization showcases exemplary governance practices, including a fully independent board and comprehensive policies, there are no noted limitations in the provided data. Overall, Apple Community Development Corporation appears to be a trustworthy nonprofit dedicated to making a meaningful difference in the communities it serves.


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

Is Apple Community Development Corporation legitimate?

Apple Community Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Apple 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: $388,436
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.applecdc.org

What is the mission statement of Apple Community Development Corporation?

The Apple Community Development Corporation, established in 2016, is a 501c3 non-profit organization with a mission to offer technical assistance to various non-profit organizations and small businesses. Additionally, they provide access to financial capital and conduct educational programs focused on financial literacy, specifically for home buyers and owners. The organization's aim is to support communities across the United States by providing these essential resources.


Official website here: www.applecdc.org

Who is the CEO of Apple Community Development Corporation?

Tim Jacquet is the Gray of Apple Community Development Corporation.


Official website here: www.applecdc.org

What is the revenue of Apple Community Development Corporation?

Apple Community Development Corporation's revenue in 2021 was $718,005.


Official website here: www.applecdc.org

Who are the executives of Apple Community Development Corporation and what are their salaries?


Here are 3 key members and their salaries:


Linda (Gray)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ileana Vazquez (Operations Manager)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mary Jacquet (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.applecdc.org

Where can I find the form 990 for Apple Community Development Corporation?

Apple Community Development Corporation's most recent form 990 was submitted in 2021 and can be accessed here.


Official website here: www.applecdc.org

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

Mission Statement of Apple Community Development Corporation

Apple Community Development Corporation, established as a 501c3 non-profit organization in 2016, is committed to providing technical assistance to non-profit organizations and small businesses. Beyond this, Apple CDC offers access to capital and financial literacy programs to support home buyers and owners. This mission is geared towards enhancing the capabilities and financial stability of various communities across the United States.

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Impact




July, 2024

Apple Community Development Corporation's impact includes providing technical assistance to nonprofit organizations and small businesses, access to capital, and financial literacy programs for home buyers and owners. Through its efforts, Apple CDC contributes to community improvement by supporting the growth and sustainability of these entities. Additionally, the organization generates fees through various financial services like equipment financing, factoring, credit card processing, and small business loans, which further help in fulfilling its mission.




This information is meant to be a general summary of Apple 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.

Revenue
$718,005 (2021)
Expenses
$656,735 (2021)
Efficiency

Other financial information:

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

  • Program Service Revenue: $713,005
  • Gross Receipts: $718,005

Assets and Liabilities:

  • Total Assets: $623,281
  • Total Liabilities: $75,065
  • Net Assets: $548,216

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

Sales Financing - Loan origination fees

Revenue

$713,005

Organization Details

Founding Year

2016

Principal Officer

Tim Jacquet

Main Address

201 East Abram St Ste 120 Ste120, Arlington, TX, 76010

NTEE Category

Code: S20 - Community improvement

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