Community Economic Development Association Of Michigan

Organization Overview

Community Economic Development Association Of Michigan is located in Lansing, MI. The organization was established in 1999. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 09/2023, Community Economic Development Association Of Michigan employed 51 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Community Economic Development Association Of Michigan 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 09/2023, Community Economic Development Association Of Michigan generated $3.3m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 10.7% each year . All expenses for the organization totaled $3.2m during the year ending 09/2023. While expenses have increased by 11.4% 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, Community Economic Development Association Of Michigan has awarded 18 individual grants totaling $1,136,001. 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

2023

Describe the Organization's Mission:

Part 3 - Line 1

COMMUNITY-BASED ECONOMIC DEVELOPMENT TO REVITALIZE & REBUILD MI COMMUNITIES & NEIGHBORHOODS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE TRAINING PROGRAM IS USED TO TRAIN APPROXIMATELY 500 INDIVIDUALS FROM NON-PROFIT ORGANIZATIONS TO BUILD ORGANIZATIONAL CAPACITY; TRAINING TOPICS OFTEN INCLUDE INTENSIVE AFFORDABLE HOUSING DEVELOPMENT AND FINANCING, NEW ASSET-BUILDING STRATEGIES, AND OTHER COMMUNITY DEVELOPMENT-RELATED TOPICS.THE MICHIGAN EARNED IMPACT COALITION (MEIC) UNITES INDIVIDUALS, ORGANIZATIONS AND LOCAL INITIATIVES COMMITTED TO SUPPORTING TAX CREDIT AND ASSET BUILDING OPPORTUNITIES FOR MICHIGAN FAMILIES THROUGH IMPROVED ACCESS TO FREE, QUALITY, INCOME TAX PREPARATION ASSISTANCE; MICHIGAN COMMUNITIES FOR FINANCIAL EMPOWERMENT (MCFE)IS A NETWORK FOR LOCAL LEADERS WORKING TO INTEGRATE FINANCIAL EMPOWERMENT WITH CORE PUBLIC AND NONPROFIT SERVICES. MCFE MEMBERS HELP MICHIGAN RESIDENTS TO REACH FINANCIAL STABILITY THROUGH FINANCIAL EDUCATION AND COUNSELING, ACCESS TO AFFORDABLE FINANCIAL PRODUCTS AND SERVICES, OPPORTUNITIES TO SAVE AND BUILD WEALTH, AND CONSUMER PROTECTIONS. AS THE HOST ORGANIZATION FOR THE NETWORK, CEDAM PROVIDES MEMBERS TRAINING, TECHNICAL ASSISTANCE AND FUNDING TO DEVELOP AND EXPAND FINANCIAL EMPOWERMENT INITIATIVES IN THEIR COMMUNITIES. CEDAM ALSO LEADS CONSUMER PROTECTIONS ADVOCACY IN THE STATE TO PROTECT MICHIGAN RESIDENTS IN THE FINANCIAL MARKETPLACE.


CEDAM MANAGES THE COMMUNITY DEVELOPMENT FELLOWSHIP WITH SUPPORT FROM THE MICHIGAN ECONOMIC DEVELOPMENT CORPORATION (MEDC). FELLOWS ARE PLACED IN COMMUNITIES ENGAGED OR CERTIFIED IN REDEVELOPMENT READY COMMUNITIES (RRC) FOR FIFTEEN MONTHS AND WORK ON A VARIETY OF PROJECTS TO EXPAND ORGANIZATIONAL CAPACITY, INCREASE LOCAL COLLABORATION, AND REMOVE BARRIERS TO DEVELOPMENT.


80,000 AMERICANS USE AMERICORPS NATIONAL COMMUNITY SERVICE PROGRAMS TO GIVE BACK TO THEIR COMMUNITIES EVERY YEAR. DURING THEIR SERVICE, MEMBERS RECEIVE INVALUABLE PROFESSIONAL DEVELOPMENT IN THE NONPROFIT SECTOR, AN EDUCATION AWARD MATCHING THE PELL GRANT AND A LIVING ALLOWANCE.AMERICORPS PROGRAMS DO MORE THAN MOVE COMMUNITIES FORWARD; THEY SERVE THEIR MEMBERS BY CREATING JOBS AND PROVIDING PATHWAYS TO OPPORTUNITY FOR PEOPLE ENTERING THE NONPROFIT FIELD. AMERICORPS PLACES THOUSANDS OF AMERICANS INTO INTENSIVE SERVICE POSITIONS WHERE THEY LEARN VALUABLE WORK SKILLS, EARN MONEY FOR EDUCATION, AND DEVELOP AN APPRECIATION FOR CITIZENSHIP.


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Board, Officers & Key Employees

Name (title)Compensation
Luke Forrest
Executive Director
$140,361
Cj Felton
Director (started 6/23)
$0
Lisa Evans
Director (started 6/23)
$0
Yolanda Jackson
Director (started 6/23)
$0
Penny Payea
Director (started 6/23)
$0
Deamo Murphy
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $1,185,324
All other contributions, gifts, grants, and similar amounts not included above$1,142,081
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$2,327,405
Total Program Service Revenue$912,194
Investment income $27,718
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 $3,268,290

Grants Awarded

Over the last fiscal year, Community Economic Development Association Of Michigan has awarded $343,211 in support to 6 organizations.

Grant RecipientAmount

ACCOUNTING AID SOCIETY

PURPOSE: FREE TAX PREP EXPANSION GRANT AND DATA COLLECTION GRANT

$101,450

CITY OF LANSING

PURPOSE: CSA INNOVATION GRANT

$50,000

FREMONT AREA COMMUNITY FOUNDATION

PURPOSE: CSA INNOVATION GRANT

$50,000

COMMUNITY FOUNDATION FOR MUSKEGON COUNTY

PURPOSE: CSA INNOVATION GRANT

$50,000

LAPEER COUNTY COMMUNITY FOUNDATION

PURPOSE: CSA INNOVATION GRANT

$49,500

HEART OF WEST MICHIGAN UNITED WAY

PURPOSE: FREE TAX PREP EXPANSION GRANT

$42,261
View Grant Profile

Peer Organizations

Organization NameAssets
Wright Brothers Institute Inc
Dayton, OH
$17,901,001
Metropolitan Detroit Convention & Vistors Bureau
Detroit, MI
$21,621,370
The Convention And Visitors Bureau Of Greater Cleveland Inc
Cleveland, OH
$19,527,413
Columbus Downtown Development Corporation
Columbus, OH
$21,128,443
Visit Indy Inc
Indianapolis, IN
$16,220,236
Invest Detroit Foundation
Detroit, MI
$29,564,845
Grand Rapids-Kent Cty Convention Center & Vistors Bureau
Grand Rapids, MI
$13,241,426
Wenonah Park Properties Inc
Bay City, MI
$9,377,648
16 Tech Community Corporation
Indianapolis, IN
$21,301,337
Greater Cincinnati Convention & Visitors Bureau Inc
Cincinnati, OH
$11,644,351
Wayne State Univ Research & Techno- Logy Park In The City Of Detroit
Detroit, MI
$15,845,749
Detroit Economic Growth Corp
Detroit, MI
$10,420,774
Hamilton County Tourism Inc
Carmel, IN
$8,188,898
Team Neo Foundation
Cleveland, OH
$7,995,598
Wbd Inc
Madison, WI
$9,133,880
Elevate Ventures Inc
Indianapolis, IN
$6,491,355
Southwest Michigan First Corporation
Kalamazoo, MI
$8,034,787
Greater Madison Convention & Visitor Bureau Inc
Madison, WI
$7,273,844
Venture For America Inc
Detroit, MI
$5,383,435
Michigan Community Capital
Lansing, MI
$4,447,895
Detroit Regional Partnership Foundation
Detroit, MI
$8,149,982
Michigan Minority Purchasing Council Mmsdc
Detroit, MI
$5,420,735
Grow Southwest Indiana Workforceboard Inc
Evansville, IN
$5,184,269
Madison Development Corporation
Madison, WI
$4,946,557
The Youngstown Edison Incubator Corporation
Youngstown, OH
$4,125,884

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