Congress Heights Community Training And Development Corporation
- Assets
- $6.3m
- Revenue
- $3.2m
- Investments
- $0.0
- Employees
- 112
- Location
- Washington, DC
- Founding
- 02/1996
- Data as of
- 12/2021
- EIN
- 52-1583134
Organization Overview
Congress Heights Community Training And Development Corporation, operating under the name and Development Corporation, is located in Washington, DC. The organization was established in 1996. According to its NTEE Classification (B92) the organization is classified as: Remedial Reading & Encouragement, under the broad grouping of Education and related organizations. As of 12/2021, and Development Corporation employed 112 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. and 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 12/2021, and Development Corporation generated $3.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 28.6% each year . All expenses for the organization totaled $3.0m during the year ending 12/2021. While expenses have increased by 21.0% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION WAS FOUNDED FOR THE PURPOSE OF IMPROVING THE QUALITY OF LIFE OF DC RESIDENTS IN ECONOMICALLY DEPRESSED AREAS BY PROVIDING EMPLOYMENT OPPORTUNITIES THAT WOULD AID IN THE REDUCTION OF UNEMPLOYMENT AND UNDEREMPLOYMENT PROMOTING SELF-SUFFICIENCY. THESE THURSTS WOULD BE REALIZED THRU
Describe the Organization's Program Activity:
Part 3 - Line 4a
HUMAN CAPITAL- THE ORGANIZATION PROVIDED TRAINING IN A VARIETY OF PROGRAMS SUCH AS HIV AWARENESS PROGRAMS, REAL PROPERTY AND BUSINESS DEVELOPMENT. IT ALSO PROVIDED EMPLOYMENT OPPORTUNITIES THROUGH EDUCATIONAL, VOCATIONAL, JOB READINESS AND JOB PLACEMENT OPPORTUNITIES TO HELP IMPROVE THE RESIDENTS CAPACITY IN A COMPETITIVE JOB MARKET. OUR STAFF HAS ESTABLISHED AND MAINTAINED PARTNERSHIPS WITH EMPLOYERS IN TARGETED AREAS TO IMPROVE THE ECONOMIC CONDITIONS OF DISADVANTAGED, LOW AND MODERATE INCOME PERSONS BY PROVIDING EMPLOYMENT AND TRAINING OPPORTUNITIES. APPROXIMATELY 400 PERSONS RECEIVE JOB PLACEMENT EACH YEAR. CLIENTS ARE PLACED IN SUBSIDIZED AND UNSUBSIDISED POSITIONS.
REAL ESTATE DEVELOPMENT- THE ORGANIZATION PROVIDES COUNSELING THAT IS DESIGNED TO AUGMENT HOUSING AND CONSTRUCTION PROGRAMS THAT INCLUDE JOB TRAINING AND PLACEMENT OF CLIENTS IN PREPARATION OF PURCHASING HOMES. THE ORGANIZATION HAS TAKEN SPECIAL EFFORTS TO SERVE THOSE PARTICIPANTS OF PUBLIC HOUSING FROM JOB READINESS AND VOCATIONAL SKILLS TRAINING TO HOME- OWNERSHIP. CHCTDC'S GOAL IS TO FOCUS ON CREATING STABLE AND FULFILLING COMMUNITIES EAST OF ANACOSTIA RIVER. THE CONGRESS HEIGHTS' PLAN NOT ONLY FACILITIES ECONOMIC DEVELOPMENT ACTIVITIES THROUGH INCREASING TAX BASE BUT ATTRACTS A NUMBER OF HIGHLY VISIBLE BUSINESSES IN THE AREA.
SMALL BUSINESS DEVELOPMENT- THE ORGANIZATION WISHES TO STIMULATE THE FLOW OF PRIVATE CAPITAL, LONG TERM LOANS AND OTHER FINANCIAL ASSISTANCE FOR SOUND FINANCING OF THE DEVELOPMENT, EXPANSION, AND RETENTION OF SMALL BUSINESS CONCERNS IN WASHINGTON, DC AS A MEANS OF PROVIDING DISADVANTAGED PERSONS WITHIN DISTRESSED AREAS OF THE CITY THE ORGANIZATION WILL CONSIDER LOANS SO LONG AS THE RESOURCES PERMIT. THE MICRO-LOAN PROGRAM AT CONGRESS HEIGHTS SUPPORTS THE TECHNICAL AND CREDIT NEEDS OF VERY SMALL BUSINESSES AND SELF EMPLOYED ENTREPRENEURS. THESE LOANS ARE PROVIDED AT LITTLE OR NO COST. BUSINESS OWNERS WILL MEET WITH THE LOAN CONSULTANT THAT WIL DETERMINE THEIR ABILITY TO QUALIFY FOR A BUSINESS LOAN AND THEN HELP TO DETERMINE WHICH PROGRAM IS MORE SUITABLE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Monica Ray President | Trustee | 0 | $0 |
Phinis Jones Founder | Trustee | 0 | $0 |
Sean Moore Dir Of Sm Bus Dev | Officer | 50 | $0 |
Warren Quann Dir Main Streets | Officer | 50 | $0 |
Isaiah Davis Employee | Officer | 50 | $0 |
Vickey M Wilcher Employee | Officer | 50 | $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 | $3,189,279 |
| 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 | $3,189,279 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| 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 | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $2,830,196 |
| Total functional expenses | $2,964,201 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,821,672 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $430,775 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $39,401 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $4,055,639 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,347,487 |
| Accounts payable and accrued expenses | $538,983 |
| 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 | $1,143,788 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,682,771 |
| Net assets without donor restrictions | $0 |
| 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 | $4,664,716 |
| Total liabilities and net assets/fund balances | $6,347,487 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Literacy Lab Washington, DC | $23,333,778 | $29,239,466 |
Civic Works Inc Baltimore, MD | $12,483,552 | $12,764,474 |
Reading Is Fundamental Inc Washington, DC | $22,372,600 | $16,088,590 |
Congress Heights Community Training And Development Corporation Washington, DC | $6,347,487 | $3,189,279 |
The Washington Commanders Charitable Foundation Inc Ashburn, VA | $1,361,978 | $1,048,751 |
Free Minds Book Club & Writing Workshop Washington, DC | $2,522,184 | $2,082,941 |
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Reach Inc Norfolk, VA | $511,783 | $670,333 |
Ivymount at the Stevens School Inc Rockville, MD | $0 | $35 |
Virginia Literacy Foundation Richmond, VA | $674,835 | $577,726 |
Engaged Community Offshoots Riverdale, MD | $432,509 | $281,607 |
Colombia Progresa Corporation Bethesda, MD | $225,848 | $436,849 |