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Catalyst Development Corporation

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

EIN: 814930735 ✦ Savannah, GA ✦ Designated as a 501(c)(3)

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Overview

What is Catalyst Development Corporation?

Catalyst Development Corporation is a nonprofit organization based in Savannah, Georgia. Their primary mission is to strengthen Community Development Financial Institutions (CDFIs), enabling them to offer responsible financial products and services to low-to-moderate income individuals, communities, and organizations. Their goal is to enhance the economic well-being of residents in Chatham County, Georgia, and similar communities, by providing affordable housing, financial services, and education on financial empowerment. This nonprofit operates with a commitment to improving the lives of those in need, contributing to the overall economic growth and stability of their community.


Official website here: www.catalyst4people.org

Is Catalyst Development Corporation legitimate?

Catalyst Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Catalyst 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: $46,250
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.catalyst4people.org

What is the mission statement of Catalyst Development Corporation?

The Catalyst Development Corporation's mission is centered around enhancing the economic well-being of low to moderate-income individuals in various communities. They achieve this by providing affordable housing, financial services, and educating these residents on financial empowerment. The organization's goal is to strengthen the capacity of Community Development Financial Institutions, enabling them to offer responsible financial products and services to the public.


Official website here: www.catalyst4people.org

Who is the CEO of Catalyst Development Corporation?

Robert E James Ii is the Executive Di of Catalyst Development Corporation.


Official website here: www.catalyst4people.org

What is the revenue of Catalyst Development Corporation?

Catalyst Development Corporation's revenue in 2022 was $8,649.


Official website here: www.catalyst4people.org

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

There 5 volunteers at Catalyst Development Corporation.


Here are 6 key members and their salaries:


Robert E James Ii (Executive Di)
  • Compensation: $30,000
  • Related: $0
  • Other: $0
Kenneth J Rance (Deputy Exec)
  • Compensation: $16,250
  • Related: $0
  • Other: $0
Amari Adams (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Scott Center (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Terry Enoch (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Edna Jackson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.catalyst4people.org

Where can I find the form 990 for Catalyst Development Corporation?

Catalyst Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.catalyst4people.org

Learn more at the official website: www.catalyst4people.org

Mission Statement of Catalyst Development Corporation

Catalyst Development Corporation is an organization committed to improving the economic well-being of low to moderate-income residents in various communities, beginning with Chatham County, Georgia. Their mission is multifaceted, encompassing the provision of affordable housing, financial services, and education on financial empowerment. By offering these resources, Catalyst Development Corporation aims to uplift the economic health of its target demographic, ultimately contributing to the overall improvement of their communities.

In addition to these key services, Catalyst Development Corporation also works on building the capacity of Community Development Financial Institutions (CDFIs). These institutions are instrumental in providing responsible financial products and services to the people, communities, and organizations that Catalyst Development Corporation serves. By strengthening the capabilities of these CDFIs, Catalyst Development Corporation ensures that their mission reaches a wider audience and has a more significant impact on the economic lives of those in need.

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Impact




August, 2024

Catalyst Development Corporation's impact lies in its unwavering commitment to improving the economic health of low to moderate-income residents of Chatham County, Georgia, and similar communities. By providing affordable housing, financial services, and education on financial empowerment, Catalyst Development Corporation plays a vital role in uplifting individuals and families in need. Through its mission to build the capacity of community development financial institutions to offer responsible products and services, this organization serves as a catalyst for positive change and economic empowerment in the community.




This information is meant to be a general summary of Catalyst 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
$8,649 (2022)
Expenses
$153,401 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $7,017
  • Gross Receipts: $8,649

Assets and Liabilities:

  • Total Assets: $544,638
  • Total Liabilities: $296,771
  • Net Assets: $247,867

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Organization Details

Founding Year

2016

Principal Officer

Robert E James Ii

Main Address

PO BOX 2769, SAVANNAH, GA, 314022769

NTEE Category

Code: L20 - Housing

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