Community Firm
- Assets
- $16.1m
- Revenue
- $69.4m
- Investments
- $0.0
- Employees
- 150
- Location
- Denver, CO
- Founding
- Data as of
- 12/2023
- EIN
- 84-4867019
Organization Overview
Community Firm, operating under the name Community Economic Defense Project, is located in Denver, CO. According to its NTEE Classification (I80) the organization is classified as: Legal Services, under the broad grouping of Crime & Legal-Related and related organizations. As of 12/2023, Community Economic Defense Project employed 150 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Community Economic Defense Project 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 12/2023, Community Economic Defense Project generated $69.4m in total revenue. All expenses for the organization totaled $66.5m during the year ending 12/2023.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE COMMUNITY FIRM IS A NONPROFIT ESTABLISHED TO PROVIDE SOCIAL AND LEGAL SERVICES, PUBLIC BENEFITS, & POLICY CHANGE FOR & BY PARTNERING WITH LOW INCOME & WORKING PEOPLE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INTEGRATED FINANCIAL ASSISTANCE AND HOUSEHOLD STABILITY SERVICES: THE ORGANIZATION OFFERS A FUND THAT PROVIDES EMERGENCY RENTAL ASSISTANCE TO RENTERS FACING EVICTION OR DISPLACEMENT. IN PARTNERSHIP WITH STATE AND LOCAL GOVERNMENT EMERGENCY ASSISTANCE PROGRAMS, CEDP QUALIFIES RENTERS FACING EVICTION AND DISPLACEMENT FOR BENEFITS, AND IT ISSUES QUICK, ACCURATE FINANCIAL ASSISTANCE CHECKS. ITS EMERGENCY RENTAL ASSISTANCE PROGRAM IS DESIGNED TO MOVE FASTER THAN THE EVICTION TIME LINE, WITH CAPABILITIES TO QUALIFY TENANTS FOR BENEFITS AND ISSUE PAYMENTS IN LESS THAN 24 HOURS WHEN NEEDED TO STABILIZE A HOUSEHOLD. SINCE JULY 2022, CEDP HAS ALSO MANAGED THE STATE OF COLORADO'S EMERGENCY INTAKE SYSTEM FOR RENTERS FACING DISPLACEMENT. THIS INTAKE SYSTEM ANSWERS TENANT CALLS ABOUT THE RENTAL ASSISTANCE PROGRAM, FEATURES INTAKE AGENTS AT COURTHOUSES ACROSS THE STATE, AND COORDINATES AMONG SERVICE PROVIDERS. THROUGH THIS PROGRAM, CEDP MAKES REFERRALS TO ITS OWN EVICTION PREVENTION AND HOMELESSNESS DIVERSION PROGRAMS, AND COORDINATES SERVICE DELIVERY WITH OTHER SERVICE PROVIDERS ACROSS THE STATE FOR HOUSEHOLD STABILITY SERVICES AND OTHER NEEDED BENEFITS AND SERVICES. SERVICES AND OTHER NEEDED BENEFITS AND SERVICES.
IN 2023, WE LAUNCHED A NEW PROGRAM TO EXPAND THE STABILIZING SERVICES WE OFFER TO THE COMMUNITY. HOUSING IS A HUMAN RIGHT, AND THE LOSS OF A HOME CAN LEAD TO CYCLES OF POVERTY THAT ARE EXCEEDINGLY DIFFICULT TO RECOVER FROM. WE ARE ABLE TO PROVIDE MORTGAGE ASSISTANCE FOR CLIENTS WHO ARE BEHIND ON PAYMENTS BASED ON THE INDIVIDUAL CIRCUMSTANCES OF EACH. OUR TEAM OF CARING NAVIGATORS AND LAWYERS ARE PASSIONATELY COMMITTED TO KEEPING OUR CLIENTS IN THEIR HOMES.
LEGAL AID: THROUGH CED LAW, THE ORGANIZATION OFFERS LEGAL ASSISTANCE TO RENTERS FACING EVICTION IN THE STATE OF COLORADO. MANAGED SEPARATELY FROM THE FINANCIAL ASSISTANCE AND HOUSEHOLD STABILITY SERVICES PROGRAM, CED LAW PROVIDES LEGAL ASSISTANCE TO COLORADANS FACING EVICTION OR STRUGGLING WITH CONSUMER AND HOUSING DEBT BURDENS. DEPENDING ON CLIENT NEED, ATTORNEYS PROVIDE ADVICE, LIMITED ASSISTANCE REPRESENTATION, OR FULL-SERVICE LEGAL REPRESENTATION. CED LAW ALSO MANAGES LEGAL AID CLINICS ALONGSIDE COMMUNITY PARTNERS AND IN COURTHOUSES ACROSS THE STATE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Board Secretary | OfficerTrustee | 1 | $0 |
Name Not Listed Board Chair | OfficerTrustee | 1 | $0 |
Name Not Listed Board Treasurer | OfficerTrustee | 0.5 | $0 |
Name Not Listed Co-Founder/co-Ceo | OfficerTrustee | 40 | $141,047 |
Name Not Listed Co-Founder/co-Ceo | OfficerTrustee | 40 | $144,268 |
Name Not Listed Director (beg 09/22) | Trustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
The Community Investment Alliance Housing Planning Svc | 12/30/23 | $0 |
Altruistic Advisors Accounting | 12/30/23 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $66,160,536 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,456,011 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $68,616,547 |
| Total Program Service Revenue | $711,193 |
| Investment income | $6,616 |
| 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 | $69,362,073 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $40,000 |
| Grants and other assistance to domestic individuals. | $54,811,006 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $304,577 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $8,513 |
| Other salaries and wages | $8,116,404 |
| Pension plan accruals and contributions | $245,074 |
| Other employee benefits | $465,339 |
| Payroll taxes | $736,855 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $128,044 |
| Fees for services: Accounting | $77,978 |
| Fees for services: Lobbying | $59,980 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $379,174 |
| Advertising and promotion | $0 |
| Office expenses | $124,506 |
| Information technology | $642,849 |
| Royalties | $0 |
| Occupancy | $103,773 |
| Travel | $9,184 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $59,917 |
| Interest | $64,800 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,644 |
| Insurance | $20,528 |
| All other expenses | $0 |
| Total functional expenses | $66,467,267 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,121,448 |
| Savings and temporary cash investments | $13,202 |
| Pledges and grants receivable | $7,398,802 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $283,200 |
| Net Land, buildings, and equipment | $24,924 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $286,646 |
| Total assets | $16,128,222 |
| Accounts payable and accrued expenses | $253,691 |
| Grants payable | $0 |
| Deferred revenue | $6,379,963 |
| 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 | $3,000,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $304,406 |
| Total liabilities | $9,938,060 |
| Net assets without donor restrictions | $4,440,986 |
| Net assets with donor restrictions | $1,749,176 |
| 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 | $16,128,222 |
Grants Awarded
Over the last fiscal year, Community Firm has awarded $120,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
COLORADO CROSS-DISABILITY COALITION PURPOSE: RENTAL ASSISTANCE | $60,000 |
9 TO 5 NATIONAL ASSOCIATION OF WORKING WOMEN INC PURPOSE: RENTAL ASSISTANCE | $60,000 |