Community Economic Development Company Of Colorado

Organization Overview

Community Economic Development Company Of Colorado, operating under the name Cedco, is located in Denver, CO. The organization was established in 1983. According to its NTEE Classification (S31) the organization is classified as: Urban & Community Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2022, Cedco employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cedco 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 12/2022, Cedco generated $181.4k 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 (13.7%) each year. All expenses for the organization totaled $185.7k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (15.1%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990EZ Filing

TAX YEAR

2022

Describe the Organization's Program Activity:

Part 3

PROMOTE ECONOMIC DEVELOPMENT BY EDUCATING AVAILABILITY OF SBA 504 LOAN PROGRAM, ACCUMULATION OF DATA TO ASSIST LOAN APPLICANTS, CLOSE LOANS AND SERVICE APPROVED AND EXISTING LOANS.


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Board, Officers & Key Employees

Name (title)Compensation
Bill Bacon
Board Member
$0
Sherry Cullins
President
$0
Chuck Mueller
Board Member
$0
Nancy Shea
Board Member
$0
Sally Dignan
Board Member
$0
Michael Dowling
Board Member
$0

Financial Statements

Statement of Revenue
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$180,231
Membership dues$0
Investment income $1,210
Gain or Loss$0
Net Income from Gaming & Fundraising$0
Other Revenue$0
Total Revenue$181,441

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