Nonprofit · EIN 87-0476889
COMMUNITY DEVELOPMENT CORPORATION OF UTAH
Tax-exempt · SALT LAKE CTY, UT 84105
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $16,303,815 | $16,383,364 | -$79,549 | $16,583,777 | $13,529,775 | $3,054,002 |
| June 30, 2024 | 990 | $35,029,731 | $34,187,648 | $842,083 | $20,732,929 | $17,599,378 | $3,133,551 |
| June 30, 2023 | 990 | $14,493,892 | $14,628,564 | -$134,672 | $21,059,253 | $18,767,785 | $2,291,468 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $15,959,094
- of which government grants
- $15,471,953
- Program service revenue
- $815,168
- Investment income
- $131,262
- Net rental income
- $315,456
- Net gain from sales of assets
- $41,727
- Net income from sales of inventory
- -$925,518
- Other revenue
- -$601,709
Expenses
- Grants and similar amounts paid
- $13,823,169
- Compensation of officers, directors and key employees
- $325,275
- Other salaries and wages
- $977,603
- Salaries, compensation and benefits (total)
- $1,837,588
- Professional fundraising fees
- $0
- Legal fees
- $120
- Accounting fees
- $36,521
- Travel
- $3,471
- Depreciation
- $83,607
- Program services (functional)
- $16,212,169
- Management and general (functional)
- $109,894
- Fundraising (functional)
- $61,301
Balance sheet and other
- Total assets, start of year
- $20,732,929
- Total assets, end of year
- $16,583,777
- Total liabilities, end of year
- $13,529,775
- Net assets, end of year
- $3,054,002
- Land, buildings and equipment
- $4,496,949
- Publicly traded securities
- $365
- Net assets without donor restrictions
- $2,874,997
- Net assets with donor restrictions
- $179,005
- Gross receipts
- $25,181,409
- Employees
- 30
- Volunteers
- 0
- Year formed
- 1990
- State of legal domicile
- UT
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 June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| J TODD REEDER | CHIEF EXECUTIVE OFFICER Officer | 40 | $153,568 | $27,793 |
| SARAH BEAUMONT | CHIEF FINANCIAL OFFICER Officer | 40 | $120,000 | $23,915 |
| SCOTT ROBERTS | VICE PRESIDENT Trustee or director | 1 | $0 | $0 |
| RYAN PEEL | PRESIDENT & SECRETARY Trustee or director | 1 | $0 | $0 |
| JOHN TUUTAU | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| KISTY MORRIS | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| ZACH TAYLOR | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| KENNETH ROBERTSON | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| VICKY FUENTES | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| VIRIDIANA NAJERA | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| KAYLA MAYERS | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| TAMMY HUSAKER | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| LINCOLN SCOFIELD | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| MARTHA WUNDERLI | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| NAT WELLS | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
990 for the year ended June 30, 2024: 12 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| J TODD REEDER | CHIEF EXECUTIVE OFFICER Officer | 40 | $153,066 | $14,450 |
| SARAH BEAUMONT | CHIEF FINANCIAL OFFICER Officer | 40 | $100,304 | $8,209 |
| SCOTT ROBERTS | VICE PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| RYAN PEEL | PRESIDENT & SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| LILY GRAY | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| KISTY MORRIS | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| ZACH TAYLOR | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| KENNETH ROBERTSON | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| VICKY FUENTES | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| VIRIDIANA NAJERA | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| BRYCE WILLIAMS | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| TAMMY HUSAKER | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
990 for the year ended June 30, 2023: 12 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MICHAEL AKERLOW | CHIEF EXECUTIVE OFFICER Former | 40 | $140,715 | $17,875 |
| J TODD REEDER | CHIEF EXECUTIVE OFFICER Officer | 40 | $111,210 | $27,320 |
| LORIE DUDLEY | CHIEF FINANCIAL OFFICER Officer | 40 | $104,864 | $8,971 |
| SCOTT ROBERTS | VICE PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| RYAN PEEL | PRESIDENT & SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| LILY GRAY | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| KISTY MORRIS | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| ZACH TAYLOR | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| KENNETH ROBERTSON | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| VICKY FUENTES | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| VIRIDIANA NAJERA | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| BRYCE WILLIAMS | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 501 E 1700 S, SALT LAKE CTY, UT 84105-2915
- Principal officer (990 for 2024)
- TODD REEDER, 501 EAST 1700 SOUTH, SALT LAKE CITY, UT 84105
- Signed the 990
- TODD REEDER, CHIEF EXECUTIVE OFFICER
- Phone
- (801) 994-7222
- Website
- WWW.CDCUTAH.ORG
- Return prepared by
- TANNER LLP
Mission
THE COMMUNITY DEVELOPMENT CORPORATION OF UTAH (CDCU) HELPS OUR COMMUNITY THRIVE BY EMPOWERING PEOPLE ON THEIR PATH TOWARD FINANCIAL SECURITY, HOUSING STABILITY, AND ACCESS TO AFFORDABLE HOMES.WE ACHIEVE THIS BY:1. INCREASING FINANCIAL KNOWLEDGE AND SKILLS THROUGH EDUCATION AND COACHING2. PROVIDING HOUSING-RELATED FINANCIAL ASSISTANCE AND LOAN PRODUCTS THAT ARE ACCESSIBLE TO LOWER INCOME UTAHNS3. DEVELOPING AND PRESERVING AFFORDABLE HOMES TO OWN AND RENT
Program accomplishments
- DOWN PAYMENT ASSISTANCE GRANTED $324,545 IN DOWN PAYMENT ASSISTANCE GRANTS TO 9 LOW- AND MODERATE-INCOME FAMILIES TO OFFSET CLOSING COSTS AND ENABLE FAMILIES TO SUCCESSFULLY PURCHASE AN AFFORDABLE HOME.Expenses $390,592 · grants $324,545 · revenue $2,625
- HOMEOWNER REHABILITATION AND OWNERSHIP CONSTRUCTED OR REHABILITATED HOMES WHICH ARE SOLD TO LOW-TO-MODERATE INCOME FAMILIES, WHICH PROVIDES AN AFFORDABLE HOME AND IMPROVES THE COMMUNITY BY TRANSFORMING BLIGHTED HOMES INTO SAFE AND STABLE HOMES. CDCU ALSO PARTNERS WITH SALT LAKE COUNTY IN THE GREEN AND HEALTHY HOMES INITIATIVE WHICH PROVIDES GRANTS AND LOANS TO LOW-INCOME FAMILIES FOR CRITICAL HOME REPAIRS.Expenses $202,175 · grants $144,077
- MORTGAGE ASSISTANCE GRANTED $13,337,991 IN MORTGAGE ASSISTANCE GRANTS TO 659 LOW- TO MODERATE-INCOME 659 INDIVIDUALS. THE MORTGAGE ASSISTANCE PROGRAM PROVIDES TEMPORARY MORTGAGE ASSISTANCE TO HOUSEHOLDS IMPACTED BY THE COVID-19 PANDEMIC OR THOSE WHO ARE EXPERIENCING OTHER FINANCIAL HARDSHIPS.Expenses $14,454,667 · grants $13,337,991
- HOMEBUYER EDUCATION AND FORECLOSURE MITIGATION COUNSELING PROVIDED FINANCIAL EDUCATION AND COUNSELING SERVICES TO 817 LOW- TO MODERATE-INCOME HOUSEHOLDS (2,563 INDIVIDUALS) TO ENABLE THEM TO BECOME AND REMAIN SUCCESSFUL HOMEOWNERS. PROVIDED FORECLOSURE PREVENTION AND LOAN MITIGATION TO FAMILIES TO PREVENT FORECLOSURE ON THEIR HOMES DURING TIMES OF CRISIS. THESE SERVICES ARE PROVIDED AT NO COST TO THE PROGRAM PARTICIPANTS.Expenses $347,682 · revenue $2,220
- REAL ESTATE DEVELOPMENT.Expenses $502,773 · revenue $815,868
- AFFORDABLE HOUSING - PRESERVES EXISTING AFFORDABLE HOUSING BY ACQUIRING AND REHABILITATING MULTI-FAMILY PROPERTIES THAT ARE RENTED TO LOW-TO-MODERATE INCOME RESIDENTS.Expenses $314,280 · revenue $308,804
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 June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 87-0476889
- 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
- 1991
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L20)
- Assets (IRS master file)
- $16,583,777
- Income (IRS master file)
- $25,181,409
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $16,303,815 | $16,383,364 | $16,583,777 | IRS |
| 990 | June 2024 | $35,029,731 | $34,187,648 | $20,732,929 | IRS |
| 990 | June 2023 | $14,493,892 | $14,628,564 | $21,059,253 | XML |
| 990 | June 2022 | $2,737,981 | $2,684,531 | $10,004,556 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 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 87-0476889).
Questions about COMMUNITY DEVELOPMENT CORPORATION OF UTAH
- What is the EIN of COMMUNITY DEVELOPMENT CORPORATION OF UTAH?
- The employer identification number (EIN) of COMMUNITY DEVELOPMENT CORPORATION OF UTAH is 87-0476889.
- Is COMMUNITY DEVELOPMENT CORPORATION OF UTAH tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1991.
- Are donations to COMMUNITY DEVELOPMENT CORPORATION OF UTAH tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does COMMUNITY DEVELOPMENT CORPORATION OF UTAH 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 DEVELOPMENT CORPORATION OF UTAH due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did COMMUNITY DEVELOPMENT CORPORATION OF UTAH last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of COMMUNITY DEVELOPMENT CORPORATION OF UTAH?
- The 990 for the year ended June 30, 2025 names TODD REEDER.
- Who are the officers and directors of COMMUNITY DEVELOPMENT CORPORATION OF UTAH?
- The 990 for the year ended June 30, 2025 lists 15 people; 2 received compensation from the organization, the highest $153,568 (J TODD REEDER, CHIEF EXECUTIVE OFFICER).
- How much revenue does COMMUNITY DEVELOPMENT CORPORATION OF UTAH have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $16,303,815, expenses of $16,383,364 and total assets of $16,583,777 at year end.
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