Mission
ECONOMIC DEVELOPMENT IN FAYETTEVILLE NC AND CUMBERLAND COUNTY.
Public Charity
COMMUNITY DEVELOPMENT FOUNDATION
COMMUNITY DEVELOPMENT FOUNDATION is a nonprofit organization categorized as Public Charity based in FAYETTEVILLE, NC. Its most recent IRS filing (2025) reports revenue of $2.4M, expenses of $476K, total assets of $7.4M.
EIN: 264731595
FAYETTEVILLE, NC
Alliances & Advocacy
NTEE: A01
Latest filing: 2025
Total Revenue$2.4M
Total Expenses$476K
Total Assets$7.4M
Grant Records0
Filing Years2023–2025
Where $100 goes at Community Development Foundation
How Community Development Foundation divides every $100 it spends, from its own Form 990 filings, averaged across 3 years.
$98
Programs
the work itself
$2
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 $98 for programs
$98
The organization is engaging in economic development activities intended to increase the tax base or creat jobs in the city of Fayetteville and cumberland county
Source: Form 990 filings with the IRS, latest fiscal year 2025. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.
Officers & Directors
VICE CHAIR
Andrew Pennink
DIRECTOR
Bill Hedgepeth
DIRECTOR
Chris Bostock
DIRECTOR
David Mcneill
DIRECTOR
Dohn Broadwell
DIRECTOR
Eddie Massengale
Officer compensation and complete director data available with membership.
Financial Trends
| Year | Revenue | Expenses | Assets |
|---|---|---|---|
| 2025 | $2.4M | $476K | $7.4M |
| 2024 | $199K | $126K | $2.7M |
| 2023 | $92K | $70K | $2.6M |
Between 2023 and 2025, reported annual revenue grew from $92K to $2.4M (+2509%), with total assets most recently reported at $7.4M.
Interactive year-over-year charts and full filing details available with membership.