Overview
What is Community Economics Inc?
Community Economics Inc, located in Oakland, California, is a nonprofit organization dedicated to providing technical assistance to community-based organizations and public agencies. Their primary focus is on the development, maintenance, and management of low-income housing, including subsidized housing. Additionally, they engage in community-based real estate development and economic development projects. Their mission is to increase the supply of permanently affordable housing serving the lowest income households. This is achieved through providing technical assistance in the development and financing of affordable housing, as well as education, research, and policy development in collaboration with housing advocates, policymakers, and the lending and investment community. They distribute publications such as feasibility studies and manuals at cost to support their initiatives. The organization has a team of eight employees.
Official website here: www.communityeconomics.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73%, earning a Two-Star out of Four Star rating.
Community Economics Inc has received a Two-Star rating from Charity Navigator, indicating some concerns regarding its accountability and financial practices. The organization demonstrates strengths in its governance, with a fully independent board and no material diversion of assets reported. Notably, it has a high program expense ratio of 87.07%, suggesting that a significant portion of its funds is directed towards its programs.
However, the nonprofit faces several limitations in transparency. It has not provided financial statements and has missing policies related to whistleblower protections and document retention, which negatively impact its accountability score. Additionally, the tax form is not available on its website, indicating a lack of accessible financial information for stakeholders. Overall, while Community Economics Inc shows commitment to its mission through program spending, improvements in transparency and governance practices are necessary to enhance its rating.
This AI summary has been generated from information found on Charity Navigator.
Is Community Economics Inc legitimate?
Community Economics Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Community Economics 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: $751,212
Professional Fundraising Fees: $0
Other Salaries and Wages: $387,285
For more financial information, click here
Official website here: www.communityeconomics.org
What is the mission statement of Community Economics Inc?
Community Economics Inc's mission is centered around providing assistance to non-profit organizations focused on low-income housing development, maintenance, and management. Their primary objective is to increase the supply of permanently affordable housing for the lowest income households. They achieve this mission through two main strategies. Firstly, they offer technical assistance in the development and financing of such housing projects to non-profit developers, public agencies, and tenant organizations. Secondly, they engage in education, research, and policy development with housing advocates, public policy makers, and the lending and investment community.
Official website here: www.communityeconomics.org
Who is the CEO of Community Economics Inc?
Elissa Dennis is the Secretary/Treasurer of Community Economics Inc.
Official website here: www.communityeconomics.org
What is the revenue of Community Economics Inc?
Community Economics Inc's revenue in 2022 was $1,318,392.
Official website here: www.communityeconomics.org
Who are the executives of Community Economics Inc and what are their salaries?
The average compensation at Community Economics Inc during 2022 was $142,312. There are 8 employees and 7 volunteers at Community Economics Inc.
Here are 13 key members and their salaries:
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- Compensation: $201,458
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- Compensation: $153,470
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- Compensation: $100,866
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- Other: $15,130
- Compensation: $119,313
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- Other: $17,897
Official website here: www.communityeconomics.org
Where can I find the form 990 for Community Economics Inc?
Community Economics Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.communityeconomics.org
Learn more at the official website: www.communityeconomics.org
Mission Statement of Community Economics Inc
Community Economics Inc, a non-profit organization, is committed to increasing the availability of permanently affordable housing for low-income households. To achieve this mission, the corporation provides technical assistance to various housing-related non-profit organizations. This assistance aids these organizations in the development, maintenance, and management of their low-income housing projects. In addition to technical assistance, Community Economics Inc engages in education, research, and policy development. This multi-faceted approach involves working with housing advocates, public policy makers, and the lending and investment community. The goal is to ensure that these groups have the necessary tools and resources to contribute to the creation and sustainability of affordable housing solutions. By undertaking these initiatives, Community Economics Inc aims to serve the needs of the most vulnerable populations and promote equitable housing opportunities.
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Impact
July, 2024
Community Economics Inc's impact is significant in increasing the supply of permanently affordable housing serving the lowest income households. Through the provision of technical assistance in the development and financing of permanently affordable housing to nonprofit developers, public agencies, and tenant organizations, Community Economics Inc plays a crucial role in addressing the housing needs of underserved communities. Additionally, their work in education, research, and policy development with housing advocates, public policymakers, and the lending and investment community further contributes to shaping a sustainable and equitable housing landscape.
This information is meant to be a general summary of Community Economics 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $15,720
- Program Service Revenue: $1,302,672
- Gross Receipts: $1,531,631
Assets and Liabilities:
- Total Assets: $2,428,483
- Total Liabilities: $1,035,469
- Net Assets: $1,393,014
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CONSULTING FEES
Revenue
$1,302,672
Organization Details
Founding Year
1977
Phone
(510) 832-8300Principal Officer
Elissa Dennis
Main Address
538 - 9TH STREET 200, OAKLAND, CA, 94607
Website
www.communityeconomics.orgNTEE Category
Code: L20B - Housing
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