Coastal Community Development Corporation

Nonprofit profile at a glance

EIN
921171294
IRS 990 coverage
2023–2024
Forms available
Form 990 2024, Form 990-N 2022
Location
Hilton Head Island, SC, USA
Phone
8437154209
Rating
66
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Community, Neighborhood Development

Official website

Reported finances

Revenue
$3,391,927
Expenses
$486,772
Assets
$9,042,934
Liabilities
$5,938,285

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

9 people listed

Executive titles in this filing

  • ALAN P WOLF JR (PRESIDENT / DIRECTOR)
  • DAVID WETMORE (VICE PRESIDENT / DIRECTOR)

People named in this filing

  • ALAN P WOLF JR (PRESIDENT / DIRECTOR)
  • DAVID WETMORE (VICE PRESIDENT / DIRECTOR)
  • TONY ALFIERI (TREASURER / DIRECTOR)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The coastal community development corporation (ccdc) seeks to increase the availability of homes for our local and regional workforce by preserving existing housing, to meet the demand of our region while serving working residents.

What it reported doing in 2024

The coastal community development corporation (ccdc) seeks to increase the availability of homes for our local and regional workforce by preserving existing housing, to meet the demand of our region while serving working residents. Ccdc actively seeks out and purchases existing homes in our area and offers rents that serve a wide range of local workforce based on household income.

Operating model

Revenue model
Donor-supported. 76% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 37
  • Transparency & Controls: 92
  • Accountability: 69
  • Sustainability: 86
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 12.8%; rating input score 13
  • Program expense ratio: 89.4%; rating input score 89
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 77.8%; rating input score 78; 14th percentile among comparable filings
  • Governance controls: 4 of 7 controls in place; rating input score 57
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Fail
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 85.6%; rating input score 98; 98th percentile among comparable filings
  • Total-asset coverage ratio: 18.58; rating input score 95; 95th percentile among comparable filings
  • Liabilities to assets ratio: 0.66; rating input score 14; 14th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 91; 91st percentile among comparable filings

Growth

  • Program expense growth: 151.9% per year; rating input score 100; 100th percentile among comparable filings
  • Revenue growth: 170.2% per year; rating input score 100; 100th percentile among comparable filings
  • Asset growth: 150.7% per year; rating input score 100; 100th percentile among comparable filings

Details

  • Where the money goes: 12.8% of revenue deployed · 89.4% of spending went to programs
  • Governance: 7 of 9 board members independent · 4 of 7 filing controls reported
  • Programs: 1 filed program accomplishment · $435K in reported program spending
  • Leadership: top reported pay $0 · 9 people listed
  • Consistency: 27 of 27 current checks pass
  • Schedules: 5 filed schedules · includes major donors
  • Filing history: 2 filing years from 2023 to 2024
  • Contacts: How to reach this organization
  • Money network: 2 filed money-flow records
  • Related organizations: Filed and resolved organization relationships.
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Financial Efficiency: Mission deployment rate scored 13/100.
  • Review — Accountability: Governance controls: 3 of 7 not reported.
  • High — Sustainability: Liabilities to assets ratio scored 14/100.