Taylor Community Development Corp

Organization Overview

Taylor Community Development Corp is located in Taylor, MI. The organization was established in 1998. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Taylor Community Development Corp 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 06/2021, Taylor Community Development Corp generated $14.2m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.6% each year. All expenses for the organization totaled $11.1m during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO FURTHER THE CHARITABLE OR OTHER EXEMPT PUBLIC PURPOSES AND OPERATIONS OF THE CITY OF TAYLOR AND ITS HOUSING COMMISSION BY ACQUIRING, RECEIVING, OWNING, HOLDING, REHABILITATING, DEVELOPING, SELLING, LEASING, MANAGING, MORTGAGING, FINANCING, AND OTHERWISE DEALING IN REAL ESTATE, WITH AN EMPHASIS ON HOUSING FOR PERSONS OF LOW OR MODERATE INCOME.

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROVIDING APARTMENTS FOR LOW INCOME FAMILIES WITH APPROXIMATELY 77% OF THE UNITS DESIGNATED FOR TENANTS WHOSE HOUSEHOLD INCOME IS 80% OR LESS OF MEDIAN HOUSEHOLD INCOME FOR THE DETROIT PMSA. THE REMAINING 23% OF UNITS WILL HAVE NO HOUSEHOLD RESTRICTIONS.


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Board, Officers & Key Employees

Name (title)Compensation
Dean M Philo
Treasurer
$0
Jason Couture
President
$0
Laurie Trueblood
Secretary
$0
Ted Schiebold
Board Member
$0
Conrad Valle
Board Member
$0
Fred Miller
Board Member
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
City Of Taylor Patrols
Security
$587,613
Luigi Ferdinandi & Sons Cement Co Inc
Pier Project & Concrete Repairs
$274,943
Hd Supply
Cleaning And Maintenance
$179,549
Alpha Painting And Drywall Repair Llc
Interior Painting And Drywall Repairs
$179,527
Acs Of Michigan Inc
Construction
$123,467
View All Vendors

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$13,487,205
Investment income $1,604
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 $14,242,807

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