Citadel Economic Development Corporation
- Assets
- $7.2m
- Revenue
- $16.4m
- Investments
- $0.0
- Employees
- 14
- Location
- San Bernardino, CA
- Founding
- 11/2013
- Data as of
- 12/2019
- EIN
- 45-4040562
Organization Overview
Citadel Economic Development Corporation is located in San Bernardino, CA. The organization was established in 2013. 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 12/2019, Citadel Economic Development Corporation employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Citadel Economic 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 12/2019, Citadel Economic Development Corporation generated $16.4m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 12.3% each year . All expenses for the organization totaled $15.8m during the year ending 12/2019. While expenses have increased by 13.2% per year over the past 3 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
2019
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE SERVICES THAT ASSIST LOW-INCOME AND DISADVANTAGED INDIVIDUALS WITH ACHIEVING SELF-SUFFICIENCY
Describe the Organization's Program Activity:
Part 3 - Line 4a
OUR MAIN PROGRAM PROVIDES COMPREHENSIVE SERVICES FOR BOTH YOUTH AND ADULTS WHICH INCLUDE CASE MANAGEMENT, PROFESSIONAL AND PEER-GROUP COUNSELING, LEGAL ASSISTANCE, LIFE SKILLS TRAINING, PARENTING EDUCATION AND ROLE-MODELING, JOB DEVELOPMENT AND PLACEMENT, FINANCIAL EMPOWERMENT, 24-HOUR ADVOCACY AND PROTECTION, AND REFERRALS FOR MEDICAL CARE, SUBSTANCE ABUSE REHABILITATION, SPECIALTY SERVICES OF ALL KINDS, AND PERMANENT HOUSING.
WE HAVE VARIOUS EDUCATION, VOCATIONAL, JOB TRAINING AND OTHER PROGRAMS THAT ASSISTS OUR CLIENTS WITH ACHIEVING SELF-SUFFICIENCY. WE USE ALL OUR PROGRAMS TO PROVIDE A HOLISTIC APPROACH FOR OUR CLIENTS. THIS HAS PROVEN TO BE VERY SUCCESSFUL FOR US.
OUR TRANSITIONAL HOUSING PROGRAMS CONSIST OF TWO TRANSITIONAL FACILITIES OFFERING UP TO 30 BEDS FOR CLIENTS AND THEIR CHILDREN (BOYS AND GIRLS AGES BIRTH THROUGH 17). THE SHELTERS OFFER EMERGENCY AND TRANSITIONAL STAGE CARE TO CHILDREN AND ADULTS, REENTRY ADULTS, AND TO THOSE WHO ARE FURTHER ALONG IN THEIR RECOVERY AND PATH TO INDEPENDENCE. PROGRAM ACTIVITIES ARE DESIGNED TO HELP CLIENTS OVERCOME THE DEVASTATING EFFECTS OF DIFFICULTIES THAT IMPAIR PERSONAL AND FAMILY FUNCTIONING IN ORDER TO ACHIEVE SELF-SUFFICIENCY.
MENTAL HEALTH THERAPY IS A CORE SERVICE OF THE CENTERS RESIDENTIAL AND MENTAL HEALTH THERAPY IS A CORE SERVICE OF THE CENTERS RESIDENTIAL AND FOR THE PROVISION OF THESES SERVICES. WE ARE IN THE PROCESS OF BEING LICENSED AS A CERTIFIED COMMUNITY BEHAVIORAL HEALTH CENTER SO THAT WE ARE ABLE TO OFFER THESE SERVICES INTERNALLY, 24 HOURS A DAY AT TWO OF THE CENTERS LOCATIONS, AND DURING BUSINESS AND EXTENDED BUSINESS HOURS AT THREE DROP IN SERVICE CENTER LOCATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Donise Jackson Executive Director | Officer | 55 | $110,000 |
Annette Punimata Director Of Programs | Officer | 40 | $87,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $4,279,492 |
| All other contributions, gifts, grants, and similar amounts not included above | $12,059,999 |
| Noncash contributions included in lines 1a–1f | $170,858 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $16,339,491 |
| Total Program Service Revenue | $0 |
| 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 | $16,438,545 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $232,105 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $272,221 |
| Compensation of current officers, directors, key employees. | $218,119 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $466,507 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $189,402 |
| Payroll taxes | $107,489 |
| Fees for services: Management | $784,300 |
| Fees for services: Legal | $10,000 |
| Fees for services: Accounting | $19,480 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $58,298 |
| Fees for services: Other | $0 |
| Advertising and promotion | $15,148 |
| Office expenses | $75,139 |
| Information technology | $29,504 |
| Royalties | $0 |
| Occupancy | $237,917 |
| Travel | $82,150 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $37,985 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $60,235 |
| Insurance | $32,118 |
| All other expenses | $0 |
| Total functional expenses | $15,780,432 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,579,935 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,865,232 |
| Accounts receivable, net | $569,614 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $568,674 |
| Inventories for sale or use | $49,081 |
| Prepaid expenses and deferred charges | $68,584 |
| Net Land, buildings, and equipment | $2,514,122 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $7,215,242 |
| Accounts payable and accrued expenses | $2,645,019 |
| 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 | $1,383,528 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $4,028,547 |
| Net assets without donor restrictions | $526,926 |
| Net assets with donor restrictions | $2,659,769 |
| 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 | $7,215,242 |