Nonprofit · EIN 59-3150608
CORPORATION TO DEVELOP COMMUNITIES OF TAMPA INC
Tax-exempt · TAMPA, FL 33610
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $9,064,522 | $8,105,786 | $958,736 | $53,676,054 | $45,110,190 | $8,565,864 |
| December 31, 2023 | 990 | $5,999,559 | $5,531,359 | $468,200 | $39,547,521 | $31,940,393 | $7,607,128 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $6,634,338
- of which government grants
- $3,764,358
- Program service revenue
- $2,076,964
- Investment income
- $191,185
- Net income from fundraising events
- -$9,352
- Other revenue
- $162,035
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $313,977
- Other salaries and wages
- $2,653,326
- Salaries, compensation and benefits (total)
- $3,352,391
- Professional fundraising fees
- $0
- Legal fees
- $121,108
- Accounting fees
- $65,575
- Occupancy
- $1,023,650
- Travel
- $58,606
- Depreciation
- $942,654
- Program services (functional)
- $6,742,004
- Management and general (functional)
- $834,004
- Fundraising (functional)
- $529,778
Balance sheet and other
- Total assets, start of year
- $39,547,521
- Total assets, end of year
- $53,676,054
- Total liabilities, end of year
- $45,110,190
- Net assets, end of year
- $8,565,864
- Land, buildings and equipment
- $38,596,178
- Net assets without donor restrictions
- $8,565,864
- Gross receipts
- $9,073,874
- Employees
- 48
- Volunteers
- 11
- Year formed
- 1992
- 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 |
|---|---|---|---|
| ERNEST CONEY | CEO Officer | 40 | $209,152 |
| RYAN MCCLURE | CFO Officer | 40 | $104,825 |
| LINDA PORTER | CHAIRWOMAN Trustee or director, Officer | 1 | $0 |
| TONY BROWN | VICE CHAIR Trustee or director, Officer | 1 | $0 |
| JOHN UNGER | FINANCE CHAIR Trustee or director, Officer | 1 | $0 |
| JIM MCCARTHY | DIRECTOR Trustee or director | 1 | $0 |
| MAYA MITCHELL | DIRECTOR Trustee or director | 1 | $0 |
| KETO NORD HODGES | DIRECTOR Trustee or director | 1 | $0 |
| JEREL MCCANTS | DIRECTOR Trustee or director | 1 | $0 |
| DENESE METEYE-JAMES | DIRECTOR Trustee or director | 1 | $0 |
| DAVID LLOANYA | DIRECTOR Trustee or director | 1 | $0 |
| ALAN BORDEN | DIRECTOR Trustee or director | 1 | $0 |
| ANTHONY PEREZ | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 13 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ERNEST CONEY | CEO Officer | 40 | $185,473 |
| RYAN MCCLURE | CFO Officer | 40 | $85,433 |
| LINDA PORTER | CHAIRWOMAN Trustee or director, Officer | 1 | $0 |
| TONY BROWN | VICE CHAIR Trustee or director, Officer | 1 | $0 |
| DAVID OGBURN | SECRETARY Trustee or director, Officer | 1 | $0 |
| JOHN UNGER | FINANCE CHAIR Trustee or director, Officer | 1 | $0 |
| MAYA MITCHELL | DIRECTOR Trustee or director | 1 | $0 |
| KETO NORD HODGES | DIRECTOR Trustee or director | 1 | $0 |
| JEREL MCCANTS | DIRECTOR Trustee or director | 1 | $0 |
| DENESE JAMES- METEYE | DIRECTOR Trustee or director | 1 | $0 |
| DAVID LLOANYA | DIRECTOR Trustee or director | 1 | $0 |
| ALAN BORDEN | DIRECTOR Trustee or director | 1 | $0 |
| SULEMAN MAKHANI | DIRECTOR Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 1907 E HILLSBOROUGH AVE, TAMPA, FL 33610-8214
- In care of
- % CHLOE CONEY
- Principal officer (990 for 2024)
- ERNEST CONEY JR, 1907 EAST HILLSBOROUGH AVENUE, TAMPA, FL 33610
- Signed the 990
- ERNEST CONEY JR, CEO
- Phone
- (813) 231-4362
- Website
- WWW.CDCOFTAMPA.ORG
- Return prepared by
- RIVERO GORDIMER & COMPANY PA
Mission
CDC OF TAMPA WAS FORMED TO REVITALIZE COMMUNITIES BY ALLEVIATING POVERTY AND PHYSICAL DETERIORATION THEREBY CREATING ECONOMICALLY VIABLE, SAFE AND ATTRACTIVE NEIGHBORHOODS. THE CDC STRIVES TO BE A RECOGNIZED COMMUNITY ECONOMIC DEVELOPMENT LEADER OF EFFORTS TO CREATE, INFLUENCE AND ENACT POLICIES, PROGRAMS AND SERVICES THAT RESULT IN THE CREATION OF JOBS, BUILD COMMUNITY PRIDE, PROMOTE ENTREPRENEURSHIP, DEVELOP YOUTH LEADERSHIP, REVITALIZE COMMERCIAL AREAS AND BUILD AFFORDABLE HOUSING.
Program accomplishments
- THE YOUTH LEADERSHIP PROGRAM PROVIDES SERVICES THAT ASSIST YOUTH WITH ACADEMIC MENTORING, EMPLOYABILITY, ENTREPRENEURSHIP AND FINANCIAL LITERACY TO HIGH SCHOOL STUDENTS.Expenses $1,352,771 · revenue $101,269
- THE AGENCY HAS PROVIDED EMPLOYMENT SKILLS TRAINING TO 12,341 PEOPLE OVER THE PAST 20 YEARS, AND JOB PLACEMENT FOR 6,350 JOB SEEKERS. AMONG ITS MANY DEVELOPMENT CREDENTIALS, CDC IS A HUD-CERTIFIED CBDO, CHDO, AND A DEPARTMENT OF TREASURY RECOGNIZED COMMUNITY DEVELOPMENT ENTITY.Expenses $1,564,124 · revenue $312,545
- THE CDC HAS YEARS OF EXPERIENCE DEVELOPING AND FINANCING COMMERCIAL FACILITIES, AND 20+ YEARS OF EXPERIENCE DEVELOPING AFFORDABLE HOUSING. CDC HAS LED CONSTRUCTION AND RENOVATION OF OVER 200,000 SQ FT OF RETAIL AND OFFICE SPACE, AND CONSTRUCTION OF 700+ UNITS OF AFFORDABLE HOUSING.Expenses $3,825,109 · revenue $1,663,150
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
- 59-3150608
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1993
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S200)
- Assets (IRS master file)
- $53,676,054
- Income (IRS master file)
- $9,073,874
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $9,064,522 | $8,105,786 | $53,676,054 | XML |
| 990 | December 2023 | $5,999,559 | $5,531,359 | $39,547,521 | XML |
| 990 | December 2022 | $4,464,127 | $3,703,865 | $34,315,918 | 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 59-3150608).
Questions about CORPORATION TO DEVELOP COMMUNITIES OF TAMPA INC
- What is the EIN of CORPORATION TO DEVELOP COMMUNITIES OF TAMPA INC?
- The employer identification number (EIN) of CORPORATION TO DEVELOP COMMUNITIES OF TAMPA INC is 59-3150608.
- Is CORPORATION TO DEVELOP COMMUNITIES OF TAMPA INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1993.
- Are donations to CORPORATION TO DEVELOP COMMUNITIES OF TAMPA INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does CORPORATION TO DEVELOP COMMUNITIES OF TAMPA INC 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 CORPORATION TO DEVELOP COMMUNITIES OF TAMPA INC 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 CORPORATION TO DEVELOP COMMUNITIES OF TAMPA INC 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 CORPORATION TO DEVELOP COMMUNITIES OF TAMPA INC?
- The 990 for the year ended December 31, 2024 names ERNEST CONEY JR.
- Who are the officers and directors of CORPORATION TO DEVELOP COMMUNITIES OF TAMPA INC?
- The 990 for the year ended December 31, 2024 lists 13 people; 2 received compensation from the organization, the highest $209,152 (ERNEST CONEY, CEO).
- How much revenue does CORPORATION TO DEVELOP COMMUNITIES OF TAMPA INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $9,064,522, expenses of $8,105,786 and total assets of $53,676,054 at year end.
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All nonprofits in TAMPA · Florida · Community improvement and capacity building