Nonprofit · EIN 23-2746544
COMMUNITY INITIATIVES DEVELOPMENT CORPORATION
Tax-exempt · LAKEWOOD RCH, FL 34202
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 (amended) | $8,314,343 | $7,374,719 | $939,624 | $127,294,747 | $111,574,101 | $15,720,646 |
| December 31, 2023 | 990 | $7,123,077 | $7,326,626 | -$203,549 | $109,605,186 | $96,143,037 | $13,462,149 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $7,544,434
- Investment income
- $80,578
- Other revenue
- $689,331
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $168,000
- Other salaries and wages
- $11,000
- Salaries, compensation and benefits (total)
- $253,122
- Professional fundraising fees
- $0
- Travel
- $9,910
- Depreciation
- $3,024,595
- Program services (functional)
- $7,327,393
- Management and general (functional)
- $47,326
Balance sheet and other
- Total assets, start of year
- $109,605,186
- Total assets, end of year
- $127,294,747
- Total liabilities, end of year
- $111,574,101
- Net assets, end of year
- $15,720,646
- Land, buildings and equipment
- $108,735,795
- Net assets without donor restrictions
- $15,720,646
- Gross receipts
- $8,314,343
- Employees
- 3
- Volunteers
- 0
- Year formed
- 1995
- State of legal domicile
- FL
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Frances Brandt | President Trustee or director, Officer | 40 | $124,000 | $18,600 |
| Nelson Bregon | Vice Chairman Trustee or director | 40 | $44,000 | $6,150 |
| James Laurenzo | Chairman Trustee or director | 0.5 | $0 | $0 |
| Timothy Warfield | Secretary Trustee or director, Officer | 0.5 | $0 | $0 |
| Anthony Marshall | Treasurer Trustee or director, Officer | 0.5 | $0 | $0 |
| Britt Kobularcik | Director Trustee or director | 0.5 | $0 | $0 |
| Mary Ann Loewenstein | Director Trustee or director | 0.5 | $0 | $0 |
990 for the year ended December 31, 2023: 7 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Frances Brandt | President Trustee or director, Officer | 40 | $100,000 | $10,200 |
| Nelson Bregon | Vice Chairman Trustee or director | 40 | $62,000 | $6,230 |
| James Laurenzo | Chairman Trustee or director | 0.5 | $0 | $0 |
| Timothy Warfield | Secretary Trustee or director, Officer | 0.5 | $0 | $0 |
| Anthony Marshall | Treasurer Trustee or director, Officer | 0.5 | $0 | $0 |
| Britt Kobularcik | Director Trustee or director | 0.5 | $0 | $0 |
| Mary Ann Loewenstein | Director Trustee or director | 0.5 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 15375 BLUE FISH CIR, LAKEWOOD RCH, FL 34202-5809
- In care of
- % GREEN & SEIFTER
- Principal officer (990 for 2024)
- Frances Brandt, 15375 Blue Fish Circle, Lakewood Ranch, FL 34202
- Signed the 990
- Frances Brandt, President
- Phone
- (484) 955-1761
- Return prepared by
- Fontana CPAS
Mission
Assisting municipalities to aid residents.
Program accomplishments
- Assist municipalities for economic development or affordable housing and to lessen the burdens of local governments to service the needs of their residents.Expenses $7,327,393 · revenue $7,544,434
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 23-2746544
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1994
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L210)
- Assets (IRS master file)
- $127,294,747
- Income (IRS master file)
- $8,314,343
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $8,314,343 | $7,374,719 | $127,294,747 | IRS |
| 990 | December 2023 | $7,123,077 | $7,326,626 | $109,605,186 | XML |
| 990 | December 2022 | $8,661,238 | $5,854,861 | $113,442,988 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 23-2746544).
Questions about COMMUNITY INITIATIVES DEVELOPMENT CORPORATION
- What is the EIN of COMMUNITY INITIATIVES DEVELOPMENT CORPORATION?
- The employer identification number (EIN) of COMMUNITY INITIATIVES DEVELOPMENT CORPORATION is 23-2746544.
- Is COMMUNITY INITIATIVES DEVELOPMENT CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1994.
- Are donations to COMMUNITY INITIATIVES DEVELOPMENT CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does COMMUNITY INITIATIVES DEVELOPMENT CORPORATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of COMMUNITY INITIATIVES DEVELOPMENT CORPORATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did COMMUNITY INITIATIVES DEVELOPMENT CORPORATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of COMMUNITY INITIATIVES DEVELOPMENT CORPORATION?
- The 990 for the year ended December 31, 2024 names Frances Brandt.
- Who are the officers and directors of COMMUNITY INITIATIVES DEVELOPMENT CORPORATION?
- The 990 for the year ended December 31, 2024 lists 7 people; 2 received compensation from the organization, the highest $124,000 (Frances Brandt, President).
- How much revenue does COMMUNITY INITIATIVES DEVELOPMENT CORPORATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $8,314,343, expenses of $7,374,719 and total assets of $127,294,747 at year end.
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