Community Development Initiatives Foundation Inc in Hartford, Connecticut (CT)
Table of contents:
| Community Development Initiatives Foundation Inc | |
| Employer Identification Number (EIN) | 272760998 |
| Name of Organization | Community Development Initiatives Foundation Inc |
| In Care of Name | Robert E Patricelli |
| Address | 166 Capitol Ave, Hartford, CT 06106-1621 |
| Subsection | Charitable Organization |
| Ruling Date | 06/2010 |
| Deductibility | Contributions are deductible |
| Foundation | Organization which receives a substantial part of its support from a governmental unit or the general public |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 06/2014 |
| Assets | $25,000 to $99,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $45,975 |
| Amount of Income | $118,766 |
| Form 990 Revenue Amount | $118,766 |
| National Taxonomy of Exempt Entities (NTEE) | Community Improvement, Capacity Building: Urban, Community Economic Development |
Non-representatives - add comments:
Amount of income in 2014: $118,766 (it was $72,281 in 2013)
| Community Development Initiatives Foundation Inc: | $118,766 |
| Other organizations performing similar types of work: | $141,217 |
Assets in 2014: $45,975 (it was $27,659 in 2013)
| This organization: | $45,975 |
| Other organizations performing similar types of work: | $121,026 |
Expenses in 2013: $179,692
| Community Development Initiatives Foundation Inc: | $179,692 |
| Other organizations performing similar types of work: | $118,087 |
Income to expenses ratio in 2013: 0.7
| This organization: | 0.7 |
| Other organizations performing similar types of work: | 1.6 |
Grants share in income in 2013: 100.0%
| Community Development Initiatives Foundation Inc: | 100.0% |
| Other organizations performing similar types of work: | 87.4% |
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $145,000 | $135,320 | $72,281 |
| Contributions, gifts, grants, and similar amounts received | $145,000 | $135,320 | $72,281 |
| Program service revenue including government fees and contracts | $0 | $0 | $0 |
| Membership dues and assessments | $0 | $0 | $0 |
| Investment income | $0 | $0 | $0 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $0 | $0 | $0 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 |
| Other revenue | $0 | $0 | $0 |
| Total expenses | $128,419 | $16,831 | $179,692 |
| Total net assets | $16,581 | $135,070 | $27,659 |
| Excess/Deficit for the year | $16,581 | $118,489 | $-107,411 |
| Net assets or fund balances at beginning of year | $0 | $16,581 | $135,070 |
| Other changes in net assets or fund balances | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $27,659 | ||
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $16,581 | $135,070 | $27,659 |
| Total liabilities | $0 | $0 | $0 |
| Net assets or fund balances | $16,581 | $135,070 | $27,659 |
| Other Information | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Did the organization engage in any significant activity not previously reported to the IRS? | No | ||
| Were any significant changes made to the organizing or governing documents? | No | ||
| Did the organization have unrelated business gross income of $1,000 or more during the year from business activities | No | No | No |
| Has the organization filed a Form 990-T for the year? | No | ||
| Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year? | No | ||
| Amount of political expenditures, direct or indirect | $0 | ||
| Did the organization file Form 1120-POL for this year? | No | ||
| Did the organization borrow from, or make any loans to, any officer, director, trustee, or key employee or were any such loans made in a prior year and still outstanding at the end of the tax year covered by this return? | No | ||
| Total amount involved | $0 | ||
| Initiation fees and capital contributions | $0 | $0 | $0 |
| Gross receipts for public use of club facilities | $0 | $0 | $0 |
| Did the organization engage in any section 4958 excess benefit transaction during the year, or did it engage in an excess benefit transaction in a prior year that has not been reported on any of its prior Forms 990 or 990-EZ? | No | ||
| At any time during the tax year, was the organization a party to a prohibited tax shelter transaction? | No | ||
| Reason for Public Charity Status (for 2013) | |
| The organization is not a private foundation because it is: | An organization that normally receives: (1) more than 33 1/3 % of its support from contributions, membership fees, and gross receipts from activities related to its exempt functions - subject to certain exceptions, and (2) no more than 33 1/3 % of its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses acquired by the organization after June 30, 1975 |
| Number of organizations supported | 0 |
| Sum of amounts of support | $0 |
| Support Schedule for Organizations Described in Section 509(a)(2) (for 2009 - 2013) | |
| 2009 - 2013 Total | |
|---|---|
| Public support | $352,351 |
| Subtotal | $352,351 |
| Gifts, grants, contributions, and membership fees received | $352,351 |
| Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose | $0 |
| Gross receipts from activities that are not an unrelated trade or business under section 513 | $0 |
| Tax revenues levied for the organization's benefit and either paid to or expended on its behalf | $0 |
| The value of services or facilities furnished by a governmental unit to the organization without charge | $0 |
| Less | $0 |
| Amounts received from disqualified persons | $0 |
| Amounts received from other than disqualified persons that exceed the greater of $5,000 or 1% of the total support | $0 |
| Total support | $352,351 |
| Public support | $352,351 |
| Subtotal | $0 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $0 |
| Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975 | $0 |
| Net income from unrelated business activities, whether or not the business is regularly carried on | $0 |
| Other income | $0 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Ventura County Community Development Corporation | 2231 Sturgis Rd Unit A, Oxnard, CA 93030-7813 | CA | 2003-05 | $5,683,551 |
| 2 | Metrohartford Alliance Inc | 31 Pratt St, Hartford, CT 06103-1602 | CT | 2002-03 | $4,011,534 |
| 3 | Greater Hartford Business Development Center Inc | 15 Lewis Street, Hartford, CT 06103-2502 | CT | 1980-12 | $920,784 |
| 4 | Connecticut Center For A New Economy Inc | 425 College Street, New Haven, CT 06511-6667 | CT | 2000-08 | $214,602 |
| 5 | Northeast Neighborhood Partners Inc | 60 Love Ln, Hartford, CT 06112-1614 | CT | 2011-03 | $213,425 |
| 6 | Community Development Initiatives Foundation Inc | 166 Capitol Ave, Hartford, CT 06106-1621 | CT | 2010-06 | $118,766 |
| 7 | Grand Avenue Village Association Inc | 34 Castle St, New Haven, CT 06513 | CT | 2004-10 | $112,835 |
| 8 | New London United Inc | 118 Water St, Stonington, CT 06378-1322 | CT | 2013-08 | $25,025 |
| 9 | Stamford West Side Neighborhoodrevitalization Zone Inc | 174 Richmond Hill Ave, Stamford, CT 06902-5629 | CT | 2008-08 | $17,525 |
| 10 | University Park Inc | 200 Bloomfield Avenue, West Hartford, CT 06117 | CT | 2014-09 | $1,400 |
| 11 | Black Rock Community Development Corporation | 2470 Fairfield Ave, Bridgeport, CT 06605-2647 | CT | 2001-03 | $0 |
| 12 | Dixwell Pastors For Economic Developement | 246 Dixwell Ave, New Haven, CT 06511-3418 | CT | 2002-09 | $0 |
| 13 | Faith Revival Community Development Corporation | 86 Sylvan Ave, New Haven, CT 06519-1023 | CT | 2005-12 | $0 |
| 14 | Germinal Fund | 153 Riversville Rd, Greenwich, CT 06831-3629 | CT | 2013-08 | $0 |
| 15 | Greater Danbury Coalition For A Community United Inc | 80 Canterbury Ln, Ridgefield, CT 06877-1102 | CT | 1995-12 | $0 |
| 16 | Hebron Community Development Corporation | 18 Park Ave, Meriden, CT 06450-3312 | CT | 2014-04 | $0 |
| 17 | North East Revitalization Association Inc | 2621 Main St, Hartford, CT 06120-1905 | CT | 2004-02 | $0 |
| 18 | North Hartford Strategic Network Inc | Uconn School Of Law 35 Elizabeth Street K202, Hartford, CT 06105 | CT | 2009-01 | $0 |
| 19 | Thread City Development Inc | PO BOX 1257, Willimantic, CT 06226 | CT | 2010-12 | $0 |
| 20 | Westport Downtown 2020 Corporation | 230 North Ave, Westport, CT 06880 | CT | 2014-08 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 1,538 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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