Public Charity

COMMUNITY DEVELOPMENT INC

COMMUNITY DEVELOPMENT INC is a nonprofit organization categorized as Public Charity based in BOSTON, MA. Its most recent IRS filing (2024) reports revenue of $342K, expenses of $466K, total assets of $1.5M. Imperigo tracks 3 reported grant relationships connected to this organization totaling approximately $513K.

EIN: 222813032 BOSTON, MA Latest filing: 2024
Total Revenue$342K
Total Expenses$466K
Total Assets$1.5M
Grant Records3
Funding Total$513K
Filing Years2019–2024

Mission

COMMUNITY DEVELOPMENT,INC. (THE "CORPORATION") IS A NONPROFIT ORGANIZATION ESTABLISHED TO ACQUIRE, IMPROVE (THROUGH REHABILITATION, NEW CONSTRUCTION, OR OTHERWISE) AND TO MAKE AVAILABLE AFFORDABLE HOUSING TO PERSONS AND FAMILIES WITH LOW AND MODERATE INCOMES; TO ACQUIRE, OWN AND DISPOSE OF PARTNERSHIP OR MEMBERSHIP INTERESTS IN LIMITED PARTNERSHIPS ("LPS") OR LIMITED LIABILITY COMPANIES ("LLCS") AND STOCK IN CORPORATIONS PROVIDING HOUSING FOR THE BENEFIT OF PERSONS AND FAMILIES AS DEFINED ABOVE; AND TO PROMOTE SOCIAL WELFARE AND COMBAT COMMUNITY DETERIORATION BY IMPROVING EXISTING PROPERTY OR CREATING NEW FACILITIES WITHIN BLIGHTED, DECAYED, OR SUBSTANDARD AREAS.

Officers & Directors

TREASURER/DIRECTOR Nina Schwarzschild
PRESIDENT/DIRECTOR Phillip L Clay
DIRECTOR Russell Tanner

Officer compensation and complete director data available with membership.

Top Grant Purposes

Unspecified
$358,974 2 grants
Lease assistance program
$153,617 1 grant

Financial Trends

Year Revenue Expenses Assets
2024 $342K $466K $1.5M
2023 $2.0M $2.2M $1.6M
2022 $1.8M $460K $1.8M
2020 $549K $324K $589K
2019 $701K $588K $362K

Between 2019 and 2024, reported annual revenue declined from $701K to $342K (-51%), with total assets most recently reported at $1.5M.

Interactive year-over-year charts and full filing details available with membership.

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