Community Certified Development Corporation
- Assets
- $1.0m
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 5
- Location
- Houston, TX
- Founding
- 12/2007
- Data as of
- 09/2022
- EIN
- 20-2734850
Organization Overview
Community Certified Development Corporation, operating under the name Community Business Finance, is located in Houston, TX. The organization was established in 2007. According to its NTEE Classification (S43) the organization is classified as: Small Business Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 09/2022, Community Business Finance employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Community Business Finance 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 09/2022, Community Business Finance generated $1.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.9% each year. All expenses for the organization totaled $1.6m during the year ending 09/2022. While expenses have increased by 7.3% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE PURPOSE OF THE CDC IS TO PROMOTE ECONOMIC DEVELOPMENT, TO STIMULATE THE GROWTH AND EXPANSION OF SMALL BUSINESS AND INDUSTRY, AND TO PROMOTE EXPANDED BUSINESS AND EMPLOYMENT OPPORTUNITIES IN THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CDC APPROVED 24 LOANS TO SMALL BUSINESS DURING THE FISCAL YEAR COVERED BY THIS RETURN. FOR A TOTAL OF $31,695,000. A TOTAL OF 16 LOANS WERE FUNDED FOR A TOTAL OF $21,209,000. SINCE THE INCEPTION OF THE COMPANY IN 2005, 482 BUSINESSES HAVE BEEN ASSISTED IN THE GREATER HOUSTON AREA AND THROUGHOUT TEXAS AND LOUISIANA. OVER $750,000,000 IN BUSINESS FINANCING HAS BEEN PROVIDED SINCE INCEPTION THROUGH 504 AND RELATED PROGRAMS, INCLUDING THE PARTICIPATION OF TEXAS LENDING INSTITIUTIONS, 4390 JOBS HAVE BEEN CREATED DURING THAT TIME. LOANS HAVE BEEN PROVIDED TO RETAIL, MANUFACTURING, AND WHOLESALE, AND MEDICAL BUSINESSES AMONG OTHERS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William S Ebersole President | OfficerTrustee | 40 | $457,383 |
Vincent Calicchia Employee | 40 | $195,000 | |
Drew Park Employee | 40 | $147,027 | |
Jeanne Bergeron Employee | 40 | $118,888 | |
Robyn Drago Director | Trustee | 2 | $0 |
Nadeem Damani Director | Trustee | 2 | $0 |
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 | $1,561,641 |
| Investment income | $830 |
| 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 | $1,562,471 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $918,298 |
| Compensation of current officers, directors, key employees. | $228,692 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $70,888 |
| Pension plan accruals and contributions | $29,455 |
| Other employee benefits | $91,664 |
| Payroll taxes | $57,771 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $37,317 |
| Fees for services: Accounting | $16,320 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $165,161 |
| Advertising and promotion | $42,498 |
| Office expenses | $15,551 |
| Information technology | $27,888 |
| Royalties | $0 |
| Occupancy | $7,173 |
| Travel | $13,649 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $34,810 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $22,545 |
| Insurance | $13,936 |
| All other expenses | $0 |
| Total functional expenses | $1,621,543 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $768,034 |
| Savings and temporary cash investments | $154,335 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $15,537 |
| 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 | $7,772 |
| Net Land, buildings, and equipment | $92,548 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,834 |
| Total assets | $1,043,060 |
| Accounts payable and accrued expenses | $90,078 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $489,559 |
| Total liabilities | $579,637 |
| Net assets without donor restrictions | $463,423 |
| Net assets with donor restrictions | $0 |
| 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 | $1,043,060 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Dreamspring Albuquerque, NM | $203,163,761 | $25,298,598 |
Peoplefund Austin, TX | $66,108,373 | $14,535,836 |
Houston Business Development Inc Houston, TX | $15,684,831 | $3,620,643 |
Dallas-Fort Worth Minority Supplier Development Council Inc Dallas, TX | $2,296,676 | $2,035,236 |
Community Certified Development Corporation Houston, TX | $1,043,060 | $1,562,471 |
Maestro Leadership Foundation San Antonio, TX | $111,028 | $560,727 |
Louisiana Minority Business Council Inc New Orleans, LA | $480,017 | $745,389 |
Feed The Soul Foundation Houston, TX | $1,697,498 | $2,202,752 |
Ventana Fund Albuquerque, NM | $15,372,019 | $578,725 |
South Central Texas Regional Certification Agency San Antonio, TX | $105,207 | $402,040 |
Small Business Capital Corporation Tulsa, OK | $360,944 | $280,630 |
Cohabitat Foundation Shreveport, LA | $338,988 | $238,718 |