Community Development Initiatives Foundation Inc

Nonprofit profile at a glance

EIN
272760998
IRS 990-EZ coverage
2010–2024
Forms available
Form 990-EZ 2024
Location
Hartford, CT, USA
Phone
8609876021
Rating
73
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Urban, Community Economic Development

Reported finances

Revenue
$12,557
Expenses
$4,398
Assets
$8,471
Liabilities
$0

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

Leadership & pay

12 people listed

People named in this filing

  • ARNOLD C GREENBERG (OUTGOING TRUSTEE)
  • ELIZABETH CASASNOVAS (CHIEF DEVELOPMENT OFFICER)
  • ROBERT E PATRICELLI (TRUSTEE)

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

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

Overview

Mission

The purpose of the organization is to improve and advance the viability of the city of hartford, Connecticut by creating, articulating and implementing arts strategies designed to increase the region's livability, support increased tourist visitation, enhance workforce competitiveness, encourage economic and job growth and otherwise relieve community deterioration.

What it reported doing in 2024

Implement and monitor a grid of pedestrian routes that will weave together hartford's key cultural sites and institutions located within a 15 minute walk of each other, around a theme of innovation in science, art and human affairs.

Operating model

Revenue model
Donor-supported. 100% of the money available for current operations came from contributions and gifts.
Distribution model
Grant intermediary. The nonprofit sent 100% of its reported program spending out as grants.

The verdict

SUPPORTED - The filed numbers largely add up and revenue comfortably covers expenses. A relatively small share of available resources goes toward mission work and program spending has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 59
  • Transparency & Controls: 100
  • Sustainability: 78
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 35%; rating input score 35
  • Program expense ratio: 100%; rating input score 100

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100

Sustainability

  • Operating margin: 65%; rating input score 95; 95th percentile among comparable filings
  • Total-asset coverage ratio: 1.93; rating input score 64; 64th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 68; 68th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: -14% per year; rating input score 0; 23rd percentile among comparable filings
  • Revenue growth: -19.9% per year; rating input score 0; 15th percentile among comparable filings
  • Asset growth: -16.4% per year; rating input score 0; 12th percentile among comparable filings

Details

  • Where the money goes: 35% of revenue deployed · 100% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $4K in reported program spending
  • Leadership: top reported pay $0 · 12 people listed
  • Consistency: 9 of 9 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 15 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • 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.

  • Moderate — Financial Efficiency: Mission deployment rate scored 35/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Growth: Asset growth scored 0/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.