Impact Cedc Inc

Nonprofit profile at a glance

EIN
814718821
IRS 990-EZ coverage
2024–2025
Forms available
Form 990-EZ 2025, Form 990-N 2023
Location
Elkhart, IN, USA
Phone
5743074438
Rating
90
Verdict
STRONG
Rating confidence
Moderate
Sector
Community, Neighborhood Development

Reported finances

Revenue
$108,033
Expenses
$89,723
Assets
$18,301

Source: IRS Form 990-EZ. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

4 people listed

Executive titles in this filing

  • EDWIN NEWSOME (President)

People named in this filing

  • EDWIN NEWSOME (President)
  • CHANTELLA J NEWSOME (BOARD MEMBER)
  • CLARA HADLEY (BOARD MEMBER)

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 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Impact cedc exists to empower underserved communities by expanding access to affordable housing, entrepreneurship, financial literacy, education, health resources, and financial tools-building sustainable pathways to economic independence and generational transformation. Through strategic partnerships and community investment opportunities, we provide development services that strengthen families and catalyze inclusive growth. Our vision is to see vibrant, self-sufficient neighborhoods where every individual has tools, opportunities, and support to thrive-spiritually, socially, and economically-creating a legacy of resilience and equity for future generations.

What it reported doing in 2025

Affordable housing & housing stability servicesprogram description: this program focuses on increasing housing access and stability through development, advocacy, and tenant support services. Activities include housing education, case management, and support for individuals facing housing insecurity.accomplishments & outcomes: assisted 115 individuals and families with housing navigation, rental assistance referrals, and homeownership education.conducted monthly housing readiness workshops covering budgeting, credit repair, and tenant rights.partnered with local developers and housing agencies to identify units and advocate for equitable housing policies.began pre development planning for a 10-unit affordable housing project.

Operating model

Revenue model
Cannot be determined from the filing. The filing does not provide enough consistent revenue detail to tell how this nonprofit funds its work.
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. Total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 85
  • Transparency & Controls: 100
  • Sustainability: 45
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 78.8%; rating input score 79
  • Program expense ratio: 94.8%; rating input score 95

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: 16.9%; rating input score 67; 67th percentile among comparable filings
  • Total-asset coverage ratio: 0.2; rating input score 20; 20th percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings

Growth

  • Program expense growth: 172.3% per year; rating input score 100; 99th percentile among comparable filings
  • Revenue growth: 19.2% per year; rating input score 100; 81st percentile among comparable filings
  • Asset growth: 199.8% per year; rating input score 100; 100th percentile among comparable filings

Details

  • Where the money goes: 78.8% of revenue deployed · 94.8% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 3 filed program accomplishments · $85K in reported program spending
  • Leadership: top reported pay $0 · 4 people listed
  • Consistency: 7 of 7 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 2 filing years from 2024 to 2025
  • Contacts: How to reach this organization
  • 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 — Sustainability: Total-asset coverage ratio scored 20/100.