Community Ventures Inc
- Assets
- $18.1m
- Revenue
- $1.4m
- Investments
- $6.2m
- Employees
- 25
- Location
- Philadelphia, PA
- Founding
- 07/2017
- Data as of
- 12/2021
- EIN
- 23-2462126
Organization Overview
Community Ventures Inc is located in Philadelphia, PA. The organization was established in 2017. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2021, Community Ventures Inc employed 25 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Community Ventures 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 12/2021, Community Ventures Inc generated $1.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (15.2%) each year. All expenses for the organization totaled $1.4m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (12.4%) per year over the past 7 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
HOUSING REHABILITATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
REHABILITAION & DEVELOPMENT OF LOW TO MODERATE INCOME HOUSING WITHIN THE PHILADELPHIA COMMUNITY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Lafontaine Executive Director | Trustee | 40 | $109,548 |
List Attached Board Members | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $5,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,000 |
| Total Program Service Revenue | $1,221,382 |
| Investment income | $135,679 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,369,204 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $131,168 |
| Compensation of current officers, directors, key employees. | $57,432 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $737,212 |
| Pension plan accruals and contributions | $13,741 |
| Other employee benefits | $176,509 |
| Payroll taxes | $79,243 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,567 |
| Fees for services: Accounting | $16,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $35,771 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $85,741 |
| Travel | $90 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $6,248 |
| All other expenses | $78,030 |
| Total functional expenses | $1,438,999 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $24,118 |
| Savings and temporary cash investments | $842,319 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $341,298 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $3,596,924 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $23,150 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $6,160,584 |
| Investments—program-related | $4,731,866 |
| Intangible assets | $0 |
| Other assets | $2,397,938 |
| Total assets | $18,118,197 |
| Accounts payable and accrued expenses | $30,425 |
| 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 | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $276,351 |
| Total liabilities | $306,776 |
| Net assets without donor restrictions | $17,811,421 |
| Net assets with donor restrictions | $0 |
| 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 | $18,118,197 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Community Ventures Inc has recieved totaling $19,770.
| Awarding Organization | Amount |
|---|---|
The Threshold Foundation Brewster, NY PURPOSE: GENERAL SUPPORT | $19,770 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Partnership Schools New York, NY | $64,379,139 | $24,282,663 |
Homefree Usa Inc Landover, MD | $5,280,798 | $17,895,333 |
Feeding Pennsylvania Lemoyne, PA | $10,818,120 | $21,841,545 |
Royal College Of Art Usa Inc New York, NY | $1,933,182 | $14,916,047 |
American Friends Of B Nai Levy Foundation Brooklyn, NY | $493,786 | $13,431,000 |
Rf Catalytic Capital Inc New York, NY | $241,603,034 | $246,273,218 |
University Of Pittsburgh And Upmc Medical And Health Sciences Fdn Pittsburgh, PA | $0 | $12,874,250 |
Freedom Fund Brooklyn, NY | $51,719,352 | $51,201,158 |
American Friends Of Leket Israel Inc Teaneck, NJ | $3,165,709 | $12,922,662 |
Pittsburgh Promise Foundation Pittsburgh, PA | $59,585,111 | $15,082,951 |
Pennsylvania Ems Provider Foundation Harrisburg, PA | $55,116 | $0 |
Student Leadership Network Inc New York, NY | $11,626,545 | $12,224,104 |