Overview
What is Community Economic Development Co Of Co Cedco?
Community Economic Development Co Of Co Cedco is a nonprofit organization dedicated to promoting economic growth. They achieve this by educating individuals about the Small Business Administration (SBA) 504 loan program, collecting data to support loan applications, closing loans, and providing ongoing service for approved and existing loans. Their primary goal is to secure financing for small businesses, ultimately creating job opportunities and improving the community as a whole. Through their involvement with the SBA 504 loan program, they facilitate economic development within their community.
Official website here: www.cedco.org
Is Community Economic Development Co Of Co Cedco legitimate?
Community Economic Development Co Of Co Cedco is a legitimate nonprofit organization registered as a 501(c)(3) entity. Community Economic Development Co Of Co Cedco submitted a form 990EZ, 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: $70,875
Professional Fundraising Fees: $0
Other Salaries and Wages: $40,173
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Official website here: www.cedco.org
What is the mission statement of Community Economic Development Co Of Co Cedco?
Community Economic Development Co Of Co Cedco's mission is centered around promoting economic development. They achieve this by educating individuals about the SBA 504 loan program, accumulating data to support loan applicants, and facilitating the closure of approved loans. The organization also works towards acquiring financing for small businesses, with the ultimate goal of creating employment opportunities and improving the community as a whole. Their primary method of economic development is through the Small Business Administration 504 loan program.
Official website here: www.cedco.org
What is the revenue of Community Economic Development Co Of Co Cedco?
Community Economic Development Co Of Co Cedco's revenue in 2023 was $281,721.
Official website here: www.cedco.org
Who are the executives of Community Economic Development Co Of Co Cedco and what are their salaries?
The average compensation at Community Economic Development Co Of Co Cedco during 2023 was $55,524. There are 2 employees at Community Economic Development Co Of Co Cedco.
Here are 7 key members and their salaries:
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Official website here: www.cedco.org
Where can I find the form 990 for Community Economic Development Co Of Co Cedco?
Community Economic Development Co Of Co Cedco's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.cedco.org
Learn more at the official website: www.cedco.org
Mission Statement of Community Economic Development Co Of Co Cedco
Community Economic Development Co Of Co Cedco, in its mission, works towards promoting economic development. The organization achieves this by educating individuals about the Small Business Administration (SBA) 504 loan program. This program is crucial in assisting loan applicants, enabling them to secure financing for their small businesses. By doing so, Cedco facilitates the creation of employment opportunities, thereby contributing to the betterment of the community as a whole. Furthermore, Cedco is involved in the acquisition of financing for small businesses, a move aimed at fostering economic growth. In essence, Community Economic Development Co Of Co Cedco leverages the SBA 504 loan program to drive economic development, ultimately providing opportunities for job creation and community improvement.
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Impact
October, 2024
Community Economic Development Co of Colorado (CEDCO) plays a vital role in enhancing local economies by facilitating access to the SBA 504 loan program. By promoting this funding opportunity, CEDCO helps small businesses secure the financing they need to grow and thrive. This, in turn, leads to the creation of new jobs, providing valuable employment opportunities for local residents.
Through education initiatives, CEDCO informs potential loan applicants about the benefits and requirements of the SBA 504 program, guiding them through the application process to ensure they can access necessary funds. The organization's efforts in data accumulation further support these entrepreneurs by offering valuable insights and assistance tailored to their specific needs.
As small businesses succeed and expand, they contribute to a more dynamic and resilient community, fostering economic development and improvement. By facilitating loans and servicing existing agreements, CEDCO not only bolsters individual businesses but also strengthens the overall economic landscape in Denver and beyond.
This information is meant to be a general summary of Community Economic Development Co Of Co Cedco. 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 2023.
- Investment Income: $2,843
- Program Service Revenue: $278,878
- Gross Receipts: $281,721
Assets and Liabilities:
- Total Assets: $24,305
- Total Liabilities: $19,236
- Net Assets: $5,069
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SBA FEES & REIMBURSEMENTS
Revenue
$2,838
SBA LOAN SERVICING
Revenue
$276,040
Organization Details
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