Interesting data from their 2020 990 filing

The purpose of the non-profit is outlined in the filing as “The mission of belmont cdc is to preserve the historic integrity of the belmont neighborhood of charlotte, north carolina and surrounding areas, utilizing traditional and non-traditional methods of community economic development. the goal of belmont cdc is to provide affordable housing, educational, and living wage employment opportunities; business and entrepreneurship development, elderly housing, services for low-to-moderate-income residents, and ensure full access to and participation in the economic revitalization of the community.”.

When discussing its operations, they were defined as: “The mission of belmont cdc is to preserve the historic integrity of the belmont neighborhood of charlotte, north carolina and surrounding areas, utilizing traditional and non-traditional methods of community economic development. the goal of belmont cdc is to provide affordable housing, educational, and living wage employment opportunities; business and entrepreneurship development, elderly housing, services for low-to-moderate-income residents, and ensure full access to and participation in the economic revitalization of the community.”.

• The state where the non-profit operates has been legally reported as NC.
• The filing indicates that the non-profit's address in 2020 is located at PO Box 33051, Charlotte, NC, 282333051.
• The non-profit has reported 2 employees on their form as of 2020.
• Does not operate a hospital.
• Does not operate a school.
• Does not collect art.
• Does not provide credit counseling.
• Does not have foreign activities.
• Is not a donor-advised fund.
• Is not a private foundation.
• Expenses are between $100,000 and $250,000.
• Revenue is between $250,000 and $500,000.
• Revenue less expenses is $32,356.
• The CEO compensation structure within the organization is not based on a review and approval from an impartial entity.
• The organization has a written policy that describes how long it will retain documents.
• The organization has 5 independent voting members.
• The organization was formed in 1990.
• The organization has a written policy that addresses conflicts of interest.
• The organization is required to file Schedule O.
• The organization pays $161,245 in salary, compensation, and benefits to its employees.
• The organization pays $19,027 in fundraising expenses.
• The organization has minutes of its meetings.
• The organization has a written whistleblower policy.
• The organization's financial statements were reviewed by an accountant.