Increase Community Development Corporation

Nonprofit profile at a glance

EIN
311721455
IRS 990-EZ coverage
2018–2018
Forms available
Form 990 2017, Form 990-EZ 2018
Location
Columbus, OH, USA
Phone
6146792465
Rating
86
Verdict
STRONG
Rating confidence
Moderate
Sector
Community, Neighborhood Development

Official website

Reported finances

Revenue
$178,185
Expenses
$215,500
Assets
$121,263
Liabilities
$83,210

Source: IRS Form 990-EZ. Selected filing: tax year 2018. Amounts in USD.

Leadership & pay

8 people listed

Executive titles in this filing

  • Deonna Barnett (Executive Director)
  • Mike Cudgel (President)

People named in this filing

  • Deonna Barnett (Executive Director)
  • David Forbes (Chairman)
  • Vincent Smith (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 2018. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The organization's mission is to improve the quality of life in Central OH through micro-enterprise development, personal financial literacy, job creation, and asset building.

What it reported doing in 2018

TRAINING AND TECHNICAL ASSISTANCE Increase CDC has extensive training and technical assistance available to help its client acquire the knowledge and tools they need to succeed. All programs begin with "how to start a business" course and we also provide foundational financial literacy which teaches personal financial management skills. Increase CDC also provides general business development training courses, during which entrepreneurs are given the tools they need to start and successfully manage a business. In addition, Increase CDC offers business development training geared towards specific industries such as home-based childcare businesses and ongoing topical seminars that address topics relevant to entrepreneurs, managers and professionals. If a client needs additional help, Increase CDC's staff is trained to address individual issues with the entrepreneur one on one.

Operating model

Revenue model
Donor-supported. 75% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 94% 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. Revenue has declined or grown slowly and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 96
  • Transparency & Controls: 93
  • Sustainability: 24
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 90.3%; rating input score 90

Transparency & Controls

  • Consistency checks: 91.7%; rating input score 92; 2nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100

Sustainability

  • Operating margin: -20.9%; rating input score 6; 6th percentile among comparable filings
  • Total-asset coverage ratio: 0.56; rating input score 43; 43rd percentile among comparable filings
  • Liabilities to assets ratio: 0.69; rating input score 9; 9th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 64; 64th percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: -47.5% per year; rating input score 0; 0th percentile among comparable filings
  • Asset growth: -28.5% per year; rating input score 0; 4th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 90.3% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 3 filed program accomplishments · $195K in reported program spending
  • Leadership: top reported pay $0 · 8 people listed
  • Consistency: 9 of 9 current checks pass
  • Schedules: 3 filed schedules
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • 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.

Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.

  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Operating margin scored 6/100.
  • High — Growth: Asset growth scored 0/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 43/100.
  • High — Sustainability: Liabilities to assets ratio scored 9/100.
  • High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.