Carnegie Community Development Corporation
- Assets
- $351.3k
- Revenue
- $52.0k
- Investments
- $0.0
- Employees
- 1
- Location
- Carnegie, PA
- Founding
- 01/1994
- Data as of
- 04/2021
- EIN
- 25-1698524
Organization Overview
Carnegie Community Development Corporation is located in Carnegie, PA. The organization was established in 1994. According to its NTEE Classification (S21) the organization is classified as: Community Coalitions, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Carnegie 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 04/2021, Carnegie Community Development Corporation generated $52.0k 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 (10.1%) each year. All expenses for the organization totaled $120.7k during the year ending 04/2021. As we would expect to see with falling revenues, expenses have declined by (6.3%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Carnegie Community Development Corporation has awarded 37 individual grants totaling $468,971. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE CCDC IS A NON-PROFIT ORGANIZATION COMMITTED TO ENCOURAGING THE DEVELOPMENT AND GROWTH OF A VIBRANT, DIVERSE AND HEALTHY CARNEGIE COMMUNITY THROUGH ENHANCING THE HISTORIC BUSINESS DISTRICT, MARKETING ITS UNIQUE LOCATION, FOSTERING COLLABORATION AND OWNERSHIP AMONG THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BUSINESS ATTRACTION AND COMMUNITY DEVELOPMENT - TO ATTRACT NEW BUSINESS TO THE CARNEGIE BOROUGH, ASSIST EXISTING BUSINESSES TO ACCESS PROGRAMS AND RESOURCES TO ENHANCE THEIR CURRENT BUSINESS, ASSIST BUSINESSES IN EXPANSION, MAINTAIN A LIST OF AVAILABLE COMMERICAL PROPERTIES AND COORDINATE REAL ESTATE DEVELOPMENT INITIATIVES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joanne Letcher Executive Di | Officer | 40 | $50,800 |
Joe Meyers President | OfficerTrustee | 2 | $0 |
Rich Meyer Treasurer | OfficerTrustee | 2 | $0 |
Vashishta Bhaskar Assistant Tr | OfficerTrustee | 2 | $0 |
Ron Moehler Vice Preside | OfficerTrustee | 2 | $0 |
Robert Podurgiel Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $51,719 |
| Investment income | $0 |
| 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 | $52,012 |
| Statement of Expenses | |
|---|---|
| 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. | $51,360 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $4,101 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,196 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,111 |
| Office expenses | $4,102 |
| Information technology | $1,311 |
| Royalties | $0 |
| Occupancy | $4,600 |
| Travel | $0 |
| 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 | $187 |
| Insurance | $3,568 |
| All other expenses | $0 |
| Total functional expenses | $120,700 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $147,984 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $203,320 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $351,338 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $351,338 |
Grants Awarded
Over the last fiscal year, Carnegie Community Development Corporation has awarded $25,500 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
West Nyack, NY PURPOSE: FOOD DISTRIBUTION | $15,000 |
ST JOHN LUTHERAN CHURCH PURPOSE: FOOD DISTRIBUTION | $10,500 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Carnegie Community Development Corporation has recieved totaling $5.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Harrison Rural Electrification Association Inc Bridgeport, WV | $39,716,529 | $14,386,396 |
The Promesa Housing Development Fund Corporation Bronx, NY | $39,360,301 | $8,538,986 |
Spanish American Civic Association For Equality Inc Lancaster, PA | $3,870,631 | $8,827,092 |
Northwest Bronx Community And Clergy Coalition Inc Bronx, NY | $5,985,223 | $6,738,060 |
Pennsylvania Rural Electric Assoc Harrisburg, PA | $2,337,852 | $4,606,290 |
O D A Community Development Corp Brooklyn, NY | $670,721 | $3,199,814 |
Citizens Committee For New York City Inc New York, NY | $7,691,250 | $2,979,222 |
Neighborhood Housing Services Of Baltimore Inc Baltimore, MD | $24,650,096 | $5,559,716 |
Pennsylvania Rural Water Assn Bellefonte, PA | $3,869,851 | $3,373,669 |
Community Forklift Edmonston, MD | $1,775,314 | $3,254,710 |
Street Law Inc Silver Spring, MD | $3,425,570 | $2,424,144 |
Warren-Hamilton Counties Action Committee For Economic Opportunity Glens Falls, NY | $823,409 | $2,609,574 |