NonprofitsCommunity Development Inc

Community Improvement & Capacity Building

Community Development Inc

BOSTON, MA

Total revenue

$342K

Total expenses

$466K

Net assets

$1.2M

Grants received

$518K

4 grants

EIN

222813032

Tax year

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; to promote social welfare and combat community deterioration by improving existing property or creating new facilities within blighted, decayed, or substandard areas; and to provide office facilities to other nonprofit organizations at below cost in order to assist those organizations in accomplishing their charitable purposes.

Financials

FY 2024

Revenue

Contributions & grants
Program service revenue$342K
Investment income
Other revenue
Total revenue$342K

Expenses

Grants paid$225K
Salaries & benefits
Fundraising
Other expenses$241K
Total expenses$466K
Total assets$1.5M
Net assets$1.2M

People

3 listed

NameRoleCompensation

NINA SCHWARZSCHILD

TREASURER/DIRECTOR

Board

0.1 hrs/wk

PHILLIP L CLAY

PRESIDENT/DIRECTOR

Board

0.1 hrs/wk

RUSSELL TANNER

DIRECTOR

Board

0.1 hrs/wk

Grants received

Showing 4 of 4

Funded by

$518K from 2 funders · 4 grants · 2018–2021

Brooklyn Legal Services Corporation A

$513K · 3 grants · 2019–2021

Details

EIN222813032
NTEE codeS200
Subsection03
Ruling date1987-08
Formed1987
Employees0
Volunteers3
COMMUNITY DEVELOPMENT INC — Mission, Financials & Grants Received | Grantivo