Community Lenders Community Development Corporation
- Assets
- $50.5m
- Revenue
- $2.1m
- Investments
- $0.0
- Employees
- 2
- Location
- Souderton, PA
- Founding
- 08/1999
- Data as of
- 06/2022
- EIN
- 23-3002271
Organization Overview
Community Lenders Community Development Corporation is located in Souderton, PA. The organization was established in 1999. According to its NTEE Classification (L12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Housing & Shelter and related organizations. As of 06/2022, Community Lenders Community Development Corporation employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Community Lenders Community Development Corporation 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 06/2022, Community Lenders Community Development Corporation generated $2.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.2% each year. All expenses for the organization totaled $2.1m during the year ending 06/2022. While expenses have increased by 3.4% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
COMMUNITY LENDERS COMMUNITY DEVELOPMENT CORPORATION IS A MULTI-BANK LENDING CONSORTIUM THAT PROVIDES LONG-TERM FINANCING IN BERKS, BUCKS, CHESTER, DELAWARE, LEHIGH, MONTGOMERY, NORTHAMPTON, AND PHILADELPHIA COUNTIES FOR PROJECTS THAT ADDRESS THE NEEDS OF LOW AND MODERATE-INCOME PERSONS AND AREAS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SINCE 1999, THE ORGANIZATION HAS SERVED OVER 78 AGENCIES AND HOUSING HAS BEEN PROVIDED FOR MORE THAN 2,632 INDIVIDUALS AND FAMILIES BY DISPERSING MORE THAN $80.5 MILLION IN LOANS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Audrey Mcmichael Executive Director | Officer | 40 | $83,095 |
Steve Kopenhaver Chair | OfficerTrustee | 1 | $0 |
John Weber Vice Chair | OfficerTrustee | 1 | $0 |
Jeanne Fields Treasurer | OfficerTrustee | 1 | $0 |
Judith Memberg Assistant Treasurer | OfficerTrustee | 1 | $0 |
Judith Hunsicker Secretary | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $2,126,766 |
| Investment income | $3,183 |
| 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 | $2,129,949 |
| 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. | $57,740 |
| Compensation of current officers, directors, key employees. | $28,870 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $18,688 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,552 |
| Payroll taxes | $8,747 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $699 |
| Fees for services: Accounting | $8,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $8,388 |
| Office expenses | $20,802 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $6,570 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $663 |
| Interest | $1,914,297 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,477 |
| Insurance | $5,366 |
| All other expenses | $0 |
| Total functional expenses | $2,053,489 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $167,249 |
| Savings and temporary cash investments | $1,078,418 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $25,000 |
| 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 | $430 |
| Net Land, buildings, and equipment | $2,060 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $49,156,761 |
| Intangible assets | $0 |
| Other assets | $101,584 |
| Total assets | $50,531,502 |
| Accounts payable and accrued expenses | $6,303 |
| Grants payable | $0 |
| Deferred revenue | $25,000 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $101,584 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $49,823,503 |
| Other liabilities | $0 |
| Total liabilities | $49,956,390 |
| Net assets without donor restrictions | $575,112 |
| 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 | $50,531,502 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Episcopal Retirement Services Cincinnati, OH | $26,931,140 | $9,263,844 |
Brethren Home Foundation New Oxford, PA | $93,081,765 | $10,604,405 |
Charles T Sitrin Network Of Homes & Services Inc New Hartford, NY | $5,734,568 | $2,565,351 |
Community Lenders Community Development Corporation Souderton, PA | $50,531,502 | $2,129,949 |
St Andrews Housing Dev Fund Co Bronx, NY | $6,076,696 | $1,599,941 |
Concorse Gardens Housing Development Fund Company Inc New York, NY | $6,125,545 | $1,915,994 |
Our Lady Of Fatima Apartments Housing Dev Fund Company Inc Brooklyn, NY | $6,530,778 | $972,901 |
American Friends Of Belz Inc Brooklyn, NY | $1,617,806 | $1,168,906 |
S H Housing Development Fund Corp New York, NY | $3,549,105 | $166,911 |
Community Lending Partners Of New Jersey Inc New Brunswick, NJ | $21,629,917 | $1,269,329 |
Build Love And Hope Inc North Arlington, NJ | $0 | $1,080,899 |
384 Grand Street Housing Development Fund Company Inc New York, NY | $6,755,977 | $3,220,703 |