Community Development Resources
- Assets
- $1.7m
- Revenue
- $319.2k
- Investments
- $0.0
- Employees
- 4
- Location
- Lincoln, NE
- Founding
- 08/2001
- Data as of
- 12/2021
- EIN
- 47-0832685
Organization Overview
Community Development Resources is located in Lincoln, NE. The organization was established in 2001. 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 12/2021, Community Development Resources employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Community Development Resources 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 12/2021, Community Development Resources generated $319.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (6.0%) each year. All expenses for the organization totaled $372.3k during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO CREATE ECONOMIC OPORTUNITY AND STRONG COMMUNITIES BY PROVIDING CAPITAL AND TECHNICAL ASSISTANCE TO DEVELOP AND FORTIFY SMALL BUSINESSES; INCREASE SUPPLY OF AFFORDABLE HOUSING; AND PROMOTE COMMUNITY DEVELOPMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE CAPITAL, TECHNICAL ASSISTANCE, AND DEVELOP AND FORTIFY SMALL BUSINESS.
SUPPORT AFFORDABLE HOUSING IN LINCOLN, NEBRASKA CONSISTENT WITH THE CITY OF LINCOLN'S AFFORDABLE HOUSING ACTION PLAN
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeff Breunig Interim Executive Director | OfficerTrustee | 40 | $67,940 |
Steve Bors President | OfficerTrustee | 1 | $0 |
Pam Schwarck Treasurer | OfficerTrustee | 1 | $0 |
Vivianna Grassi-Larsen Vice President | OfficerTrustee | 1 | $0 |
Denise Otto Member | Trustee | 1 | $0 |
Jay Rose Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $72,200 |
| All other contributions, gifts, grants, and similar amounts not included above | $92,517 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $164,717 |
| Total Program Service Revenue | $150,575 |
| Investment income | $458 |
| 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 | $319,240 |
| 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. | $67,940 |
| Compensation of current officers, directors, key employees. | $23,779 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $110,198 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $11,973 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,311 |
| Fees for services: Accounting | $16,066 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $1,950 |
| Information technology | $10,269 |
| Royalties | $0 |
| Occupancy | $35,928 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $556 |
| Interest | $13,362 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,897 |
| Insurance | $8,292 |
| All other expenses | $1,287 |
| Total functional expenses | $372,308 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $70 |
| Savings and temporary cash investments | $898,455 |
| Pledges and grants receivable | $32,970 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $567,696 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $2,529 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $154,505 |
| Total assets | $1,656,225 |
| Accounts payable and accrued expenses | $11,913 |
| Grants payable | $0 |
| Deferred revenue | $336,059 |
| 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 | $682,606 |
| Unsecured mortgages and notes payable | $472,116 |
| Other liabilities | $0 |
| Total liabilities | $1,502,694 |
| Net assets without donor restrictions | $43,531 |
| Net assets with donor restrictions | $110,000 |
| 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 | $1,656,225 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Community Development Resources has recieved totaling $5.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Technology Entrepreneur Center Inc St Louis, MO | $14,793,185 | $1,740,629 |
Bioconnect Iowa Des Moines, IA | $1,127,931 | $1,803,790 |
South Central Ozark Council Of Governments Pomona, MO | $2,561,241 | $1,014,983 |
Lakota Fund Kyle, SD | $17,004,625 | $4,059,450 |
Foundation For Black Entrepreneurship Denver, CO | $394,455 | $1,255,984 |
Custer County Foundation Inc Broken Bow, NE | $7,035,087 | $2,062,629 |
Northeast South Dakota Economic Corporation Sisseton, SD | $28,795,164 | $2,763,514 |
Exponential Impact Colorado Springs, CO | $3,022,764 | $1,129,971 |
Civico Denver, CO | $298,946 | $905,043 |
Pipeline Inc Kansas City, KS | $850,172 | $659,645 |
Wyoming Womens Business Center Laramie, WY | $937,422 | $712,073 |
Frontier Financial Partners Inc Emporia, KS | $2,116,575 | $668,462 |