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 Community & Neighborhood Development NTEE: S20 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.

Where $100 goes at Community Development Inc

How Community Development Inc divides every $100 it spends, from its own Form 990 filings, averaged across 7 years.

$97 Programs the work itself
$3 Management running the organization
$0 Fundraising none reported

No fundraising costs are reported. That often means fundraising runs through a separate affiliated organization that files its own return.

Inside the $97 for programs

$97
Community Development,inc
All program spending
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Source: Form 990 filings with the IRS, latest fiscal year 2024. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.

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

General Support
$153,617 1 grant
Unspecified
$358,974 2 grants

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.

See the full picture for COMMUNITY DEVELOPMENT INC

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