Coalfield Development Corporation

Organization Overview

Coalfield Development Corporation is located in Wayne, WV. The organization was established in 2011. According to its NTEE Classification (L99) the organization is classified as: Housing & Shelter N.E.C., under the broad grouping of Housing & Shelter and related organizations. As of 12/2022, Coalfield Development Corporation employed 120 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Coalfield 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 12/2022, Coalfield Development Corporation generated $14.7m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 32.6% each year . All expenses for the organization totaled $7.3m during the year ending 12/2022. While expenses have increased by 25.0% per year over the past 8 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.

Since 2018, Coalfield Development Corporation has awarded 57 individual grants totaling $2,428,928. 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

INSPIRING THE COURAGE TO GROW, ACTIVATING THE CREATIVITY TO INNOVATE, AND CULTIVATION COMMUNITITES OF OPPORTUNITY IN CENTRAL APPALACHIA THROUGH THREE CORE CAPABILITIES: EMPLOYMENT BASED SOCIAL ENTERPRISE, COMMUNITY-BASED REVITALIZATION, AND DEVELOPMENT FOR PEOPLE FACING BARRIERS TO EMPLOYMENT.

Describe the Organization's Program Activity:

Part 3 - Line 4a

INCUBATING AND INVESTING IN EMPLOYMENT-BASED SOCIAL ENTERPRISES: WE WHOLLY OR PARTIALLY OWN A FAMILY OF EMPLOYMENT-BASED SOCIAL ENTERPRISES DESIGNED TO DIVERSIFY THE REGIONAL ECONOMY TO BE LESS DEPENDENT ON COAL. BY "EMPLOYMENT-BASED" WE MEAN ENTERPRISES THAT EXIST FOR THE PURPOSE OF ADVANCING THE WELL-BEING OF ITS EMPLYEES, WHICH WE DO PRIMARILY THROUGH OUR PERSONAL AND ACADEMIC DEVELOPMENT PROGRAMMING. OUR ENTERPRISES' SUCCESSES ARE MEASURED ACCORDING TO A TRIPLE BOTTOM LINE: PEOPLE, PLANET, PROFIT. REVENUE FROM OUR SOCIAL ENTERPRISES ENABLES OUR ORGANIZATION TO CREATE HUNDREDS OF JOBS AND TO BE LESS GRANT-DEPENDENT AND MORE FINANCIALLY SUSTAINABLE. OUR COMMUNITITES ARE SEVERELY ECONOMICALLY DISTRESSED AS A RESULT OF OVER-RELIANCE ON THE COAL INDUSTRY. THEREFORE, CREATING NEW BUSINESSES IS CRITICAL TO REALIZING OUR VISION; OTHERWISE, OUR TRAINEES AND GRADUATES WOULD OFTEN HAVE NOWHERE TO PUT THEIR NEW TRAINING AND CREDENTIALS TO USE.


DESIGNING AND SCALING NEW PROGRAMS IN SUSTAINABLE SECTORS: IT IS IMPORTANT TO HELP PEOPLE IMAGINE WHAT A SUSTAINABLE, DIVERSIFIED ECONOMY CAN LOOK LIKE AND HOW IT CAN FUNCTION. THROUGH OUR PROGRAM AND SECTOR DEVELOPMENT TEAM WE ARE DESIGNING AND SCALING PROGRAMS THAT CAN TANGIBLY DEMONSTRATE WHAT A BETTER ECONOMY LOOKS LIKE. CURRENTLY, WE ARE INCUBATING PROGRAMS IN SUSTAINABLE AND REGENERATIVE AGRICULTURE, CLEAN ENERGY, DECONSTRUCTION AND RE-USE AND MINE LAND RECLAMATION. WE ARE ALSO WORKING WITH NONPROFIT PARTNERS TO HELP BUILD THEIR CAPACITY AND EXPAND THEIR PLACE-BASED WORKFORCE TRAINING PROGRAMS. AT THE SAME TIME, WE ARE DEVELOPING A NETWORK OF EMPLOYERS WHO ARE EAGER TO HIRE OUR EMERGING WORKFORCE PARTICIPANTS AND CHANGE THEIR OWN EMPLOYMENT BEHAVIORS TO BE MORE SUPPORTIVE AND ENGAGED IN REBUILDING THE APPALACHIAN ECONOMY FROM THE GROUND UP.


FACIITATING PROFESSIONAL, PERSONAL, AND ACADEMIC DEVELOPMENT FOR PEOPLE FACING BARRIERS TO EMPLOYMENT: COALFIELD DEVELOPMENT TRAINS UNEMPLOYED PEOPLE IN MODERN WORKFORCE SKILLS. THROUGHOUT THE YEAR, WE FACILITATE DOZENS OF LEARNING OPPORTUNITITES FOR COMMUNITY MEMBERS. OUR NETWORK OF EMPLOYERS ENSURES OUR TRAINING IS RELEVANT TO THEIR NEEDS. THIS WAYM GRADUATES OF OUR TRAINING CAN QUICKLY FIND GAINFUL EMPLOYMENT AND OUR LOCAL BUSINESSES CAN HAVE AN EFFECTIVE WORKFORCE WITH WHICH TO GROW. OUR MOST IN-DEPTH OPPORTUNITY IS FOR THE PERSONAL AND ACADEMIC DEVELOPMENT OF OUR CREW MEMBERS WHO STAFF OUR SOCIAL ENTERPRISES. CREW MEMBERS WORK OUR 33-6 -3 MODEL WHERE EACH WEEK THEY COMPLETE 33 HOURS OF PAID WORK, 6 CREDIT HOURS OF HIGHER EDUCATION, AND 3 HOURS OF PERSONAL DEVELOPMENT MENTORSHIP. WE MAKE UP TO A THREE-YEAR EMPLOYMENT COMMITMENTTO CREW MEMBERS AS THEY EARN AN ASSOCIATE DEGREE OR TRADE CERTIFICATION AND GAIN TRACTION ON LIFE GOALS. PRIOR TO BECOMING A CREW MEMBER, PEOPLE MUST COMPLETE A SIX-MONTH COURSE CALLED WORKFORCE READINESS AND PROFESSIONAL SUCCESS (WRAPS). WRAPS TRAINEES ARE PAID FOR 33 HOURS OF WORK AND THREE HOURS OF PROFESSIONAL DEVELOPMENT EACH WEEK. INSTEAD OF PURSING HIGHER EDUCATION AT THIS STAGE, TRAINEES IDENTIFY BARRIES TO LONG-TERM EMPLOYMENT SUCCESS AN DCAN SPEND UP TO FOUR HOURS OF THEIR PAID TIME EACH WEEK WORKING WITH OUR HUMAN DEVELOPMENT STAFF TO ADDRESS THESE ISSUES. AFTER SIX MONTHS, WRAPS TRAINEES AREBETTER PREPARED TO ENTER THE WORKFORCES AS A 33-6-3 CREW MEMBER OR TO BE A SUCCESSFUL EMPLOYEE OUTSIDE OF COALFIELD DEVELOPMENT.


LEADING AND COLLABORATING ON COMMUNITY-BASED REVITALIZATION PROJECTS: AS A LICENSED GENERAL CONTRACTOR, COALFIELD DEVELOPMENT CAN ADVANCE BOLD, CREATIVE PROJECTS IN DEEP COLLABORATION WITH THE COMMUNITITES WE SERVE. OUR PROJECTS ARE DESIGNED AND ULTIMATELY OWNED BY THE COMMUNITY. WE KEEP A PROJECT PIPELINE FULL AND ADVANCE PROJECTS THROUGH THIS PIPELINE BEGINNING WITH PREDEVELOPMENT AND FINANCING, ENTERING INTO CONSTRUCTION, AND THEN INTO OPERATION AS COMMINITY ASSETS. OUR PROJECTS ARE MIXED-USE, MIXED INCOME, MEANING THEY BLEND RESIDENTIAL AND COMMERCIAL PURPOSES FOR A VARIETY OF DIFFERENT INCOME DEMOGRAPHICS, THUS ALSO CONTRIBUTING TO ECONOMIC DIVERSIFICATION AND OPPORTUNITY CULTIVATION. OUR CONSTRUCTION CREW IS ALSO A SOCIAL ENTERPRISE, HAVING 33-6-3 CREW MEMBERS AS CARPENTERS, REJUVENATING EMPTY BUILDINGS OR FORMER MINE-LANDS CAN BE A MAJOR STRATEGY FOR BREATHING NEW LIFE INTO OUR COMMUNITIES, PRESERVING CULTURAL TREASURERS, ATTRACTING FRESH INVESTMENT, PROVIDING OPPORTUNITIES FOR ENTREPRENEURSHIP AND CREATING QUALITY, AFFORDABLE HOUSING.


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Board, Officers & Key Employees

Name (title)Compensation
Larry Castle
President
$0
Joetta Hatfield
Vice Preside
$0
Chase Thomas
Secretary
$0
Ric Macdowell
Treasurer
$0
Kenzie New-Walker
Member
$0
Andrew Dawson
Member
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Netranom
$180,839
All-con Llc
$168,541
The Thrasher Group Inc
$109,387
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $2,747,277
All other contributions, gifts, grants, and similar amounts not included above$11,196,137
Noncash contributions included in lines 1a–1f $194,140
Total Revenue from Contributions, Gifts, Grants & Similar$13,943,414
Total Program Service Revenue$783,312
Investment income $9,852
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales -$44,488
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $14,692,090

Grants Awarded

Over the last fiscal year, Coalfield Development Corporation has awarded $1,180,488 in support to 24 organizations.

Grant RecipientAmount

APPALACHIAN SUSTAINABLE DEVELOPMENT

|

|

$82,235

APPALACHAIN VOICES

|

|

$10,000

CENTRAL WEST VIRGINIA REGIONALAIRPORT AUTHORITY

|

|

$50,000

HIGH ROCKS EDUCATIONAL CORPORATION

|

|

$12,000

GENERATION WV

|

|

$12,073

ECONOMIC DEVELOPMENT GREATER EAST

|

|

$23,959
View Grant Profile

Peer Organizations

Organization NameAssets
Village At Marymount
Garfield Heights, OH
$19,526,584
Dogwood Housing Inc
North Bethesda, MD
$22,202,788
Wellspan Properties Inc
York, PA
$19,225,192
Rebecca Residence
Allison Park, PA
$16,833,049
National Foundation For Affordable Housing Solutions Inc
North Bethesda, MD
$72,340,809
Healing Place Inc
Louisville, KY
$12,753,397
Alliance For Behavioral & Developmental Disabilities Ltd
Hermitage, PA
$13,054,598
Magnolia Housing Inc
North Bethesda, MD
$1,178,678
Horizons Of Tuscarawas And Carroll Cos Inc
Dover, OH
$8,188,667
Coalfield Development Corporation
Wayne, WV
$14,692,090
Prologue Inc
Baltimore, MD
$7,814,044
Tenfold
Lancaster, PA
$6,280,898
Threshold Residential Services Inc
East Palestine, OH
$5,180,046
Childrens Home Of Easton Pa
Easton, PA
$8,893,615
Sarah Heinz House Association
Pittsburgh, PA
$2,689,582
The House Inc
Woodbridge, VA
$3,944,662
Liberty Village
Jamison, PA
$3,283,072
Licking County Coalition For Housing
Newark, OH
$3,256,711
Homebase Cincinnati
Cincinnati, OH
$3,280,996
Macha Inc
Hanover, MD
$3,361,930
Center For Independent Living Of Central Pennsylvania
Harrisburg, PA
$3,353,399
Williams Home Incorporated
Lynchburg, VA
$3,164,578
Skyline Cap Inc
Madison, VA
$3,219,933
Central Community House Of Columbus Inc
Columbus, OH
$2,604,920
Frontier Housing Inc
Morehead, KY
$2,520,311

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