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Community Development Inc.

Community Development Inc.

Boston, MA 02116
Tax ID22-2813032

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About this organization

Revenue

$59,855

Expenses

$107,446

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.

About

COMMUNITY DEVELOPMENT, INC. (CDI) IS A CHARITABLE CORPORATION THAT WAS ESTABLISHED ON MAY 29, 1987 UNDER THE PROVISIONS OF GENERAL LAWS, CHAPTER 180 OF THE COMMONWEALTH OF MASSACHUSETTS. THE PRIMARY PURPOSES OF CDI ARE TO ACQUIRE, IMPROVE AND MAKE HOUSING AVAILABLE TO PERSONS AND FAMILIES OF LOW INCOMES, TO PROMOTE SOCIAL WELFARE AND COMBAT COMMUNITY DETERIORATION BY IMPROVING EXISTING PROPERTY OR CREATING NEW FACILITIES THAT PROMOTE ECONOMIC DEVELOPMENT IN BLIGHTED, DECAYED OR SUBSTANDARD AREAS; AND TO PROVIDE OFFICES AND RELATED FACILITIES FOR NONPROFIT CHARITABLE ORGANIZATIONS BELOW MARKET RATES TO ASSIST THE ORGANIZATIONS IN ACCOMPLISHING THEIR CHARITABLE PURPOSES.

Interesting data from their 2020 990 filing

The non-profit's mission is outlined in the filing as being “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.”.

When outlining its responsibilities, they were referred to as: “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.”.

  • The state in which the non-profit operates has been officially reported as MA.
  • The filing reveals the non-profit's address in 2020 to be 185 DARTMOUTH STREET, BOSTON, MA, 02116.
  • As per the non-profit's form for 2020, they have 0 employees on their payroll.
  • Is not a private foundation.
  • Expenses are less than $100,000.
  • Revenue is less than $100,000.
  • Revenue less expenses is -$47,591.
  • The organization has 5 independent voting members.
  • The organization was formed in 1987.
  • The organization pays $0 in salary, compensation, and benefits to its employees.
  • The organization pays $0 in fundraising expenses.

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