Community Initiatives Development Corporation

Analysis

Community Initiatives Development Corporation is a registered charity in United States, based in Lakewood RCH, FL. It received its IRS tax-exemption ruling in July 1994, 32 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Community Initiatives Development Corporation reported income of $7.1m and spending of $7.3m, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.9m to $7.1m (+279%), an average of +40% a year. The sharpest change came in the year to December 2021, when income rose by 104%. Over the whole period it spent 82% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Community Initiatives Development Corporation sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within FL. Charities of a similar size with the same main cause include Africatown Community Land Trust ($7.1m), Habitat for Humanity International Inc ($7.1m) and South Western Alpha Housing and Healthcare Inc ($7.1m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 85% of the total. Compensation of current officers, directors and key employees was $162k (2.2% of expenses). At year end it held assets of $109.6m against liabilities of $96.1m, net assets of $13.5m. It reported 2 employees.