Institute Community Development Initiative
Legal name: Institute Community Development Initiative Inc
Nonprofit profile at a glance
- EIN
- 923869485
- IRS 990 coverage
- 2024–2024
- Official website data refreshed
- Sep 2026
- Forms available
- Form 990 2024
- Location
- Durham, NC, USA
- Phone
- (919) 956-8889
- Rating
- 67
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Human Service Organizations
Reported finances
- Revenue
- $618,258
- Expenses
- $205,601
- Assets
- $618,258
- Liabilities
- $205,601
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
8 people listed
Executive titles in this filing
- Kevin J Price (PRESIDENT/CEO)
Highest reported compensation
- Lea Henry (Director): $141,925 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To strengthen the asset base of diverse communities.
What it reported doing in 2024
CED NetworkCreated a framework for a network of community economic development and affordable housing nonprofits. Developed an initial list of more than 70 organizations to contact and collect data.
Operating model
- Revenue model
- Affiliate-supported. 81% of the money available for current operations came from contributions from related organizations.
- 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 a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 39
- Transparency & Controls: 92
- Accountability: 100
- Sustainability: 76
- Growth: NotEnoughData
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 19.1%; rating input score 19
- Program expense ratio: 57.5%; rating input score 58
- Fundraising efficiency: $79.08 raised per $1 spent on fundraising; rating input score 84; 84th percentile among comparable filings
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: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 8 of 8 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: NotApplicable
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 66.7%; rating input score 96; 96th percentile among comparable filings
- Total-asset coverage ratio: 3.01; rating input score 75; 75th percentile among comparable filings
- Liabilities to assets ratio: 0.33; rating input score 23; 23rd percentile among comparable filings
- Officer compensation ratio: 4.7%; rating input score 54; 54th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: Limited
- Asset growth: Limited
Details
- What they do: Mission, programs, and operating context captured from the official website.
- Where the money goes: 19.1% of revenue deployed · 57.5% of spending went to programs
- Governance: 7 of 7 board members independent · 8 of 8 filing controls reported
- Programs: 3 filed program accomplishments · $118K in reported program spending
- Leadership: top reported pay $142K · 8 people listed
- Consistency: 20 of 20 current checks pass
- Schedules: 5 filed schedules · includes major donors
- Contacts: How to reach this organization
- Related organizations: 2 filed related-organization links
- 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 19/100.
- Review — Financial Efficiency: Program expense ratio scored 58/100.
- High — Sustainability: Liabilities to assets ratio scored 23/100.
- Review — Sustainability: Officer compensation ratio scored 54/100.