Community Development Foundation Inc
- Assets
- $356.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Hamilton, AL
- Founding
- 03/2001
- Data as of
- 09/2023
- EIN
- 63-1252587
Organization Overview
Community Development Foundation Inc is located in Hamilton, AL. The organization was established in 2001. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Community Development Foundation Inc is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 09/2023, Community Development Foundation Inc generated $101.9k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.2% each year. All expenses for the organization totaled $86.7k during the year ending 09/2023. While expenses have increased by 1.6% 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.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
RECRUITING BUSINESS AND INDUSTRY TO MARION COUNTY AND NW AL
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Wade Nixon Hamilton Al | 0 | $0 | |
Robby Swinney Hamilton Al | 0 | $0 | |
Phil Seagraves Guin Al | 0 | $0 | |
Phillip Harrod Winfield Al | 0 | $0 | |
Kenny Hallmark Hackleburg Al | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $100,000 |
| Membership dues | $0 |
| Investment income | $1,937 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $101,937 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $1,701 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $85,000 |
| Total expenses | $86,701 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $356,280 |
| Other assets | $0 |
| Total assets | $356,280 |
| Total liabilities | $0 |
| Net assets or fund balances | $356,280 |