Community Foundation CDC Inc
Nonprofit profile at a glance
- EIN
- 562067827
- IRS 990 coverage
- 2010–2024
- Forms available
- Form 990 2024, Form 990-EZ 2020
- Location
- Mooresville, NC, USA
- Phone
- 7047997641
- Rating
- 85
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Housing Development, Construction, Management
Reported finances
- Revenue
- $144,556
- Expenses
- $208,119
- Assets
- $1,064,113
- Liabilities
- $595,524
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
10 people listed
Executive titles in this filing
- Alan Guffy (President)
- Carolyn White (Vice President)
Highest reported compensation
- Kathie Brantley (Executive Dir.): $64,647 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The Organizations mission is to provide individuals and families a firm foundation through financial education, the encouragement of home ownership and to provide affordable housing to low and moderate income families through neighborhood revitalization and/or other community and economic development activities.
What it reported doing in 2024
The Organization operates to help provide affordable housing to low to moderate income families. The Organization supports neighborhood revitalization and/or other community and economic development activities that further the development of viable urban neighborhoods in the Town of Mooresville and South Iredell County of North Carolina. It also serves as a vehicle for sharing information and resources about affordable housing and home ownership to service providers, beneficiaries of affordable housing the Mooresville community as a whole. Designed to implement housing education programs for low to moderate income families, Community Foundations helps to enhance the quality of life of these individuals though housing counseling, financial literacy and home buyer education. Construction of two single family homesRehab of a Single family homeDevelopment activities on acquired lots for additional construction of homes
Operating model
- Revenue model
- Donor-supported. 97% 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
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 92
- Transparency & Controls: 92
- Accountability: 79
- Sustainability: 29
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 86.8%; rating input score 87
- Fundraising efficiency: $24.74 raised per $1 spent on fundraising; rating input score 63; 63rd percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 64th 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: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 4 of 8 controls in place; rating input score 50
- Conflict-of-interest policy: Pass
- Whistleblower policy: Fail
- Document-retention policy: Pass
- CEO compensation review process: NotApplicable
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Fail
- Audit committee oversight: Fail
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -44%; rating input score 6; 6th percentile among comparable filings
- Total-asset coverage ratio: 5.11; rating input score 80; 80th percentile among comparable filings
- Liabilities to assets ratio: 0.56; rating input score 10; 10th percentile among comparable filings
- Officer compensation ratio: 31.1%; rating input score 10; 10th percentile among comparable filings
Growth
- Program expense growth: 15.5% per year; rating input score 100; 79th percentile among comparable filings
- Revenue growth: -3.6% per year; rating input score 0; 13th percentile among comparable filings
- Asset growth: 4.2% per year; rating input score 100; 44th percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 86.8% of spending went to programs
- Governance: 9 of 9 board members independent · 4 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $181K in reported program spending
- Leadership: top reported pay $65K · 10 people listed
- Consistency: 24 of 24 current checks pass
- Schedules: 4 filed schedules · includes major donors
- Filing history: 6 filing years from 2010 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.
- Review — Accountability: Governance controls: 4 of 8 not reported.
- High — Sustainability: Operating margin scored 6/100.
- High — Growth: Revenue growth scored 0/100.
- High — Sustainability: Liabilities to assets ratio scored 10/100.
- High — Sustainability: Officer compensation ratio scored 10/100.