Coraopolis Community Development Corporation Inc
- Assets
- $2.3m
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 3
- Location
- Coraopolis, PA
- Founding
- 05/2007
- Data as of
- 12/2022
- EIN
- 20-5398661
Organization Overview
Coraopolis Community Development Corporation Inc is located in Coraopolis, PA. The organization was established in 2007. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. As of 12/2022, Coraopolis Community Development Corporation Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Coraopolis Community Development Corporation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Coraopolis Community Development Corporation Inc generated $1.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 24.1% each year . All expenses for the organization totaled $506.9k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO SERVE THE COMMUNITY OF CORAOPOLIS PA, ENCOURAGING AND ASSISTING IN RENEWAL THROUGH COMMUNITY SERVICE AND DEVELOPMENT PROJECTS, PROVIDING RELIEF, RESOURCES AND REDEVELOPMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CORAOPOLIS FOOD PANTRY BEGAN IN 2011 WHEN THE BUS TO MOON TOWNSHIP STOPPED RUNNING AND THE CCDC BEGAN SEEING AN INCREASE IN CLIENTS IN NEED OF FOOD. THE PANTRY BEGAN AS A "GROCERY STORE" THAT ALLOWED CLIENTS TO SHOP FOR THE FOOD THEY NEEDED. THE PANTRY BEGAN BY SERVING 35 FAMILIES A MONTH AND NOW SERVES OVER 400 FAMILIES EACH MONTH. DUE TO COVID-19, THE PANTRY IS NOW DRIVE-UP ONLY. THE CORAOPOLIS FOOD PANTRY IS A MEMBER AGENCY OF THE GREATER PITTSBURGH COMMUNITY FOOD BANK (GPCFB). THE CCDC PURCHASES FOOD AT A DISCOUNTED RATE FROM THE GPCFB AND PARTICIPATES IN FOOD SAFETY TRAININGS TO ENSURE THE HIGHEST STANDARDS FOR OUR PANTRY. THE FOOD PANTRY SERVES CORAOPOLIS, MOON TOWNSHIP, NEVILLE ISLAND, CRESCENT TOWNSHIP, AND GROVETON.
THE CCDC IS PART OF THE NEIGHBORHOOD PARTNERSHIP PROGRAM THROUGH ALLEGHENY COUNTY ECONOMIC DEVELOPMENT FROM 2021-2026. THE CCDC IS WORKING WITH NORTHWEST BANK, DOLLAR BANK, HUNTINGTON BANK, AND HIGHMARK HEALTH ON MULTIPLE INITIATIVES FOR THE ECONOMIC GOOD OF CORAOPOLIS.
THE LONG-NEGLECTED P&LE PASSENGER STATION AT MILL STREET AND NEVILLE WAY WAS BUILT BY THE FIRM OF SHEPLEY, RUTAN & COOLIDGE, SUCCESSORS OF HENRY HOBSON RICHARDSON, AND COMPLETED IN THE SPRING OR SUMMER OF 1896. THE STATION, A VALUABLE EXAMPLE OF RICHARDSON ROMANESQUE ARCHITECTURE, WAS LISTED ON THE NATIONAL REGISTER OF HISTORIC PLACES (79002156) IN 1978, BUT SADLY HAS BEEN EXPOSED TO THE ELEMENTS FOR YEARS DUE TO A DETERIORATING ROOF. THE CCDC PURCHASED THE STATION TO RESTORE THE BUILDING FOR USE BY THE COMMUNITY FOR SPECIAL EVENTS AND PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael G Finnell President | OfficerTrustee | 1 | $0 |
Shawn P Reed Vice President | OfficerTrustee | 1 | $0 |
Christopher Rolinson Secretary | OfficerTrustee | 1 | $0 |
Corrie Woods ESQ Treasurer | OfficerTrustee | 1 | $0 |
Michael Hauser Board Member | Trustee | 1 | $0 |
Cara Mason Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $211,596 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,293,525 |
| Noncash contributions included in lines 1a–1f | $53,915 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,505,121 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$18,283 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,486,838 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $55,000 |
| Grants and other assistance to domestic individuals. | $10,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $78,079 |
| Compensation of current officers, directors, key employees. | $39,039 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $31,966 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $8,936 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $8 |
| Fees for services: Accounting | $10,125 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,286 |
| Advertising and promotion | $6,259 |
| Office expenses | $6,748 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $26,700 |
| Travel | $807 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $4,937 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,400 |
| Insurance | $11,508 |
| All other expenses | $10,364 |
| Total functional expenses | $506,912 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $513,269 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $444,537 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,322,136 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,279,942 |
| Accounts payable and accrued expenses | $159,650 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $137,000 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,604 |
| Total liabilities | $299,254 |
| Net assets without donor restrictions | $1,065,202 |
| Net assets with donor restrictions | $915,486 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,279,942 |