Civic Intelligence

Community Economic Development Fund Foundation Inc.

990 • Fiscal year 2024 • EIN 06-1380472

Jan 01, 2024 to Dec 31, 2024 • Filed on Nov 10, 2025

Organization ProfileWWW.CEDF.COM

View Organization Page

965 East Main StreetMeriden, CT 06450-6006

(203) 235-2333

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

65th percentile

0.32x

Higher debt load relative to assets than 65% of similar nonprofits.

2024 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2024

Liabilities / Revenue

92nd percentile

3.00x

Higher debt load relative to revenue than 92% of similar nonprofits.

2024 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2024

Net Margin

54th percentile

6.1%

Higher net margin than 54% of similar nonprofits.

2024 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2024

Top Officer Pay

67th percentile

$243,981

Higher top officer pay than 67% of similar nonprofits.

Top officer pay equals 10.4% of source-year revenue.

2024 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2024

Asset Growth

52nd percentile

5.6%

Faster asset growth than 52% of similar nonprofits.

2024 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Revenue Growth

26th percentile

-3.7%

Faster revenue growth than 26% of similar nonprofits.

2024 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets65th percentile

Assets

Up

$22,066,926

Up $1,162,393 (+5.6%) from 2023

Net Assets

Up

$15,030,071

Up $781,637 (+5.5%) from 2023

Liabilities

Up

$7,036,855

Up $380,756 (+5.7%) from 2023

Revenue And Expenses
Liabilities / Revenue92nd percentileNet Margin54th percentile

Revenue

Down

$2,343,607

Down $90,335 (-3.7%) from 2023

Expenses

Down

$2,200,300

Down $49,203 (-2.2%) from 2023

Net Income

Down

$143,307

Down $41,132 (-22%) from 2023

Historical Trend

Balance Sheet Trend

Asset Growth52nd percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$30M$20M$10M$0Assets 2010: $20,666,305Liabilities 2010: $8,177,644Net Assets 2010: $12,488,6612010Assets 2011: $20,956,748Liabilities 2011: $8,270,827Net Assets 2011: $12,685,9212011Assets 2012: $19,896,971Liabilities 2012: $6,918,036Net Assets 2012: $12,978,9352012Assets 2013: $20,832,064Liabilities 2013: $7,713,744Net Assets 2013: $13,118,3202013Assets 2014: $20,835,462Liabilities 2014: $7,420,100Net Assets 2014: $13,415,3622014Assets 2015: $20,390,166Liabilities 2015: $7,484,437Net Assets 2015: $12,905,7292015Assets 2016: $20,469,439Liabilities 2016: $7,188,462Net Assets 2016: $13,280,9772016Assets 2017: $20,508,702Liabilities 2017: $6,937,161Net Assets 2017: $13,571,5412017Assets 2018: $19,424,088Liabilities 2018: $6,567,058Net Assets 2018: $12,857,0302018Assets 2019: $19,913,291Liabilities 2019: $6,055,859Net Assets 2019: $13,857,4322019Assets 2020: $19,959,783Liabilities 2020: $6,344,866Net Assets 2020: $13,614,9172020Assets 2021: $21,016,441Liabilities 2021: $6,356,783Net Assets 2021: $14,659,6582021Assets 2022: $20,499,835Liabilities 2022: $6,593,552Net Assets 2022: $13,906,2832022Assets 2023: $20,904,533Liabilities 2023: $6,656,099Net Assets 2023: $14,248,4342023Assets 2024: $22,066,926Liabilities 2024: $7,036,855Net Assets 2024: $15,030,0712024

Highlighted filing

2024

Assets$22,066,926
Liabilities$7,036,855
Net Assets$15,030,071
Open 2024 Filing

Operations Trend

Revenue Growth26th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2010: $1,979,5452010Expenses 2011: $1,650,5112011Revenue 2012: $2,208,290Expenses 2012: $1,557,174Net Income 2012: $651,1162012Revenue 2013: $1,453,402Expenses 2013: $1,407,838Net Income 2013: $45,5642013Revenue 2014: $1,930,107Expenses 2014: $1,424,869Net Income 2014: $505,2382014Revenue 2015: $1,217,697Expenses 2015: $1,183,568Net Income 2015: $34,1292015Revenue 2016: $1,301,302Expenses 2016: $1,132,297Net Income 2016: $169,0052016Revenue 2017: $1,742,882Expenses 2017: $1,570,910Net Income 2017: $171,9722017Revenue 2018: $1,711,220Expenses 2018: $1,747,395Net Income 2018: -$36,1752018Revenue 2019: $1,868,404Expenses 2019: $1,778,267Net Income 2019: $90,1372019Revenue 2020: $1,722,719Expenses 2020: $1,722,625Net Income 2020: $942020Revenue 2021: $2,229,141Expenses 2021: $2,001,342Net Income 2021: $227,7992021Revenue 2022: $2,219,165Expenses 2022: $2,035,384Net Income 2022: $183,7812022Revenue 2023: $2,433,942Expenses 2023: $2,249,503Net Income 2023: $184,4392023Revenue 2024: $2,343,607Expenses 2024: $2,200,300Net Income 2024: $143,3072024

Highlighted filing

2024

Revenue$2,343,607
Expenses$2,200,300
Net Income$143,307
Open 2024 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 10, 2025
Return Version
2024v5.2
Gross Receipts
$3,498,718
Mission and Program Overview

Mission

To strengthen neighborhood economies by providing flexible financing and technical support to businesses, community organizations and initiatives in communities throughout connecticut. We help to stabilize and grow small businesses so individuals can realize their dreams, families can celebrate increased financial independence, and communities can prosper. Community economic development fund (cedf) was created in 1994 to revitalize distressed neighborhoods in low to moderate income communities throughout connecticut by improving the business and community economic conditions. We help small businesses stabilize and grow: we provide access to capital to start up, existing businesses, and community organizations who cannot obtain financing elsewhere and we offer educational workshops, business advisory services, and other resources necessary to ensure businesses are successful.

Strengthen neighborhood economies by providing flexible financing/ technical support to businesses in low to moderate income communities or with low to moderate income households.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$9,598,893$9,801,739▲ $202,846
Cash and Non-Interest-Bearing Accounts$1,908,017$2,439,810▲ $531,793
Land, Buildings, and Equipment, Net$2,115,951$2,031,446▼ $84,505
Other Notes and Loans Receivable, Net$1,505,162$1,946,298▲ $441,136
Savings and Temporary Cash Investments$442,458$418,170▼ $24,288
Pledges and Grants Receivable$326,479$211,465▼ $115,014
Accounts Receivable$156,776$196,390▲ $39,614
Prepaid Expenses and Deferred Charges$68,636$47,131▼ $21,505
Total Assets$20,904,533$22,066,926▲ $1,162,393
Other Assets Total$4,782,161$4,974,477▲ $192,316
Liabilities
Mortgage Notes Payable Secured by Investment Property$6,285,743$6,635,569▲ $349,826
Accounts Payable and Accrued Expenses$197,788$237,654▲ $39,866
Deferred Revenue$168,494$158,414▼ $10,080
Escrow Account Liability$4,074$5,218▲ $1,144
Total Liabilities$6,656,099$7,036,855▲ $380,756
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$11,372,173$11,917,759▲ $545,586
Net Assets With Donor Restrictions$2,876,261$3,112,312▲ $236,051
Total Net Assets Fund Balance$14,248,434$15,030,071▲ $781,637
Total Liabilities and Net Assets / Fund Balance$20,904,533$22,066,926▲ $1,162,393

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,492,088$1,029,409$2,521,497
Land$500,000-$500,000
Equipment$39,358$115,518$154,876
Other Assets Org$4,974,477--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$2,737,816-▲ $325,619$17,036$3,046,399
2023$2,619,908-▲ $152,393$17,442$2,737,816
2022$2,796,436-▼ $141,601$17,485$2,619,908
2021$2,433,333-▲ $396,275$15,687$2,796,436
2020$2,467,709-▲ $46,606$65,295$2,433,333
Compensation and Service Providers
Top Officer Pay67th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
James BzdyraPresident/CEOFT$196,021$47,960$243,981
Karen MaciorowskiVP/CFOFT$162,770$23,895$186,665
Ricardo VidalDirector of LendingFT$106,284$17,827$124,111
Kathleen DomijanDirector of AccountingFT$109,855$13,746$123,601

Board Members and Trustees

NameTitle
David CantorBoard Chair
Kim HealeyBoard Vice Chair
Allison Standish PlimptonDirector
Ana AlfaroDirector
Commissioner Jorge PerezDirector
Holly WilliamsDirector
John FiorelloDirector
John Jepson JrDirector
Marcia FountainDirector
Michael BradyDirector
Millie TexidorDirector
Pastor Carl McclusterDirector
Rosanne FordDirector
Ted MurphyDirector
Thomas MalloyDirector
Mark NolanTreasurer & Secretary
Revenue and Support

Revenue Composition

Contributions and Grants
$616,301
Program Service Revenue
$1,260,458
Investment Income
$400,614
Other Revenue
$66,234
All Other Contributions
$126,035
Change in Net Assets
$143,307
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,493,808
Other Expenses$691,492
Total Fundraising Expense$50,905
Grants and Similar Amounts Paid$15,000
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$577,614$210,656$23,249$811,519
Current Officers, Directors, Trustees, and Key Employees$317,300$101,017$12,329$430,646
Other Employee Benefits$94,211$30,208$3,505$127,924
Information Technology$89,950$30,332$3,439$123,721
Occupancy$80,977$24,072$2,128$107,177
Payroll Taxes$71,616$22,453$2,723$96,792
Depreciation Depletion$69,369$20,425$1,711$91,505
Fees for Services Other$10,902$59,952-$70,854
Office Expenses$33,783$28,802$458$63,043
Insurance-$47,717-$47,717
Conferences and Meetings$19,665$22,765$345$42,775
Interest$11,737$18,595$290$30,622
Fees for Services Accounting$281$29,974$11$30,266
Pension Plan Contributions$19,803$6,407$717$26,927
Travel$20,653$281-$20,934
Fees for Services Lobbying-$16,250-$16,250
Other Expenses$12,745--$12,745
Fees for Services Legal$2,657$7,770-$10,427
Grants to Domestic Individuals$10,000--$10,000
Advertising-$5,000-$5,000
Grants to Domestic Orgs$5,000--$5,000
Total Functional Expenses$1,466,719$682,676$50,905$2,200,300
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
Yes
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
Yes
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 4

“The foundation revised its certificate of incorporation and bylaws as a result of state of connecticut public act no. 24-36 to restructure the organization.”

Form 990, Part VI, Section B, Line 11B

“A draft of the 990 is prepared and reviewed internally by the ceo, cfo and appropriate finance staff. A final draft is subsequently submitted to the joint executive committee, a committee comprised of the officers of both the community economic development fund foundation and community economic development fund corporation board, for review and discussion via email. The ceo and cfo are then authorized to sign and file the return. The final 990 return is submitted via email to the community economic development fund foundation board of directors prior to signing and filing the return.”

Form 990, Part VI, Section B, Line 12C

“The board of directors meets on a regular basis and requires all new members to sign a conflict of interest statement which requires the director to promptly notify the board of any conflicts. The conflict of interest statement is also reviewed and signed annually by all employees, management and existing and continuing board members.”

Form 990, Part VI, Section B, Line 15A

“Personnel committees review and evaluate the executive director's performance. They also obtain listing of compensation for executive directors in similar type organizations and compensation for other non-profit organizations and cdfi's, adjusting for cost of living differences between states, then present to the full board for comment and approval.”

Form 990, Part VI, Section C, Line 18

“Cedf manages an account with candid.org and uploads the 990 post filing.”

Form 990, Part VI, Section C, Line 19

“Governing documents are provided upon request and uploaded to cedf's profile on www.candid.org for public viewing.”

Filing and Contact Details

Filer

Filer Name
The Community Economic Development Fund
EIN
06-1380472
Phone
2032352333
Address
965 EAST MAIN STREET, MERIDEN, CT 06450-6006

Signing Officer

Name
Karen Maciorowski
Title
Vice President and CFO
Phone
2032352333
Signed
2025-11-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Karen Maciorowski
Formed
1993
Legal Domicile
Ct
Voting Board Members
16
Independent Board Members
16
Employees
14
Volunteers
0

Preparer

Firm
Whittlesey Pc
Address
280 TRUMBULL ST 24TH FL, HARTFORD, CT 06103
Preparer
Lawrence Carboni
Phone
8605223111
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

“Investment income cedf corp 192,316. Cummulative effect of change in accounting principle”

Form 990, Part XII, Line 2C

“The organization has not changed it process from the prior year.”

Financial Statement Notes

PART IV, LINE 2B:

“Escrows held for non-sba mortgage loans for property tax payments.”

Raw XML AppendixShowing 400 of 735 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/ActivityOrMissionDesc0STRENGTHEN NEIGHBORHOOD ECONOMIES BY PROVIDING FLEXIBLE FINANCING/ TECHNICAL SUPPORT TO BUSINESSES IN LOW TO MODERATE INCOME COMMUNITIES OR WITH LOW TO MODERATE INCOME HOUSEHOLDS.
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IRS990/Desc0SMALL BUSINESS LENDING PROGRAM: AS A CERTIFIED COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION LOAN FUND, CEDF OFFERS EASIER-TO-OBTAIN SMALL BUSINESS LOANS TO STARTUP AND SMALL BUSINESSES THROUGHOUT CONNECTICUT THAT CANNOT OBTAIN FINANCING FROM TRADITIONAL LENDING INSTITUTIONS. OUR BORROWERS MUST ALSO OPERATE A BUSINESS IN AN ECONOMICALLY DISADVANTAGED CENSUS TRACT (AS IDENTIFIED BY THE STATE OF CT AND/OR U.S. TREASURY) OR HAVE A LOW-TO-MODERATE HOUSEHOLD INCOME. BY ALLOWING CLIENTS THE OPPORTUNITY TO START A SMALL BUSINESS ENTERPRISE, EXPAND AN EXISTING BUSINESS, TAKE ADVANTAGE OF ECONOMIES OF SCALE, BUY THEIR OWN BUILDINGS, OR MOVE INTO NEW MARKETS, CEDF PROVIDES INDIVIDUALS THE CHANCE TO REALIZE POSITIVE CHANGE FOR THEMSELVES, THEIR FAMILIES, AND THEIR COMMUNITIES. THE COMMUNITIES IN WHICH THESE ENTREPRENEURS OPERATE THEIR BUSINESSES OFTEN EXPERIENCE A WIDE RANGE OF SOCIAL BENEFITS, INCLUDING AN INCREASE OF ECONOMIC ACTIVITY IN NEIGHBORHOODS, COMMUNITY WELLNESS, BLIGHT REDUCTION, AND JOB CREATION AND RETENTION. IN 2024, CEDF FOUNDATION ORIGINATED 37 MICROLOANS/LINES OF CREDIT/OWNER-OCCUPIED MORTGAGES FOR $1,084,000 AND ANOTHER 32 FOR $2,899,811 FOR AFFILIATE, CEDF FUND I, LLC, COMPRISING THE TOTAL LENDING FOR CEDF ORGANIZATION. OF THE CEDF FUND I, LLC TOTALS, 7 LOANS FOR $1,080,000 WERE ORIGINATED ON BEHALF OF CT DECD SMALL BUSINESS BOOST PROGRAM, OF WHICH 95% WERE REQUIRED TO BE SOLD BACK TO THE CT SMALL BUSINESS BOOST FUND.
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt130
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt140
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt150
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1629006
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IRS990/Form990PartVIISectionAGrp/PersonNm0DAVID CANTOR
IRS990/Form990PartVIISectionAGrp/PersonNm1KIM HEALEY
IRS990/Form990PartVIISectionAGrp/PersonNm2MARK NOLAN
IRS990/Form990PartVIISectionAGrp/PersonNm3JOHN FIORELLO
IRS990/Form990PartVIISectionAGrp/PersonNm4ANA ALFARO
IRS990/Form990PartVIISectionAGrp/PersonNm5PASTOR CARL MCCLUSTER
IRS990/Form990PartVIISectionAGrp/PersonNm6COMMISSIONER JORGE PEREZ
IRS990/Form990PartVIISectionAGrp/PersonNm7TED MURPHY
IRS990/Form990PartVIISectionAGrp/PersonNm8THOMAS MALLOY
IRS990/Form990PartVIISectionAGrp/PersonNm9HOLLY WILLIAMS
IRS990/Form990PartVIISectionAGrp/PersonNm10MICHAEL BRADY
IRS990/Form990PartVIISectionAGrp/PersonNm11JOHN JEPSON JR
IRS990/Form990PartVIISectionAGrp/PersonNm12ALLISON STANDISH PLIMPTON
IRS990/Form990PartVIISectionAGrp/PersonNm13ROSANNE FORD
IRS990/Form990PartVIISectionAGrp/PersonNm14MARCIA FOUNTAIN
IRS990/Form990PartVIISectionAGrp/PersonNm15MILLIE TEXIDOR
IRS990/Form990PartVIISectionAGrp/PersonNm16JAMES BZDYRA
IRS990/Form990PartVIISectionAGrp/PersonNm17KAREN MACIOROWSKI
IRS990/Form990PartVIISectionAGrp/PersonNm18RICARDO VIDAL
IRS990/Form990PartVIISectionAGrp/PersonNm19KATHLEEN DOMIJAN
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt16214975
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt17178650
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt18106284
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt170
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt180
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt190
IRS990/Form990PartVIISectionAGrp/TitleTxt0BOARD CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt1BOARD VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER & SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16PRESIDENT/CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt17VP/CFO
IRS990/Form990PartVIISectionAGrp/TitleTxt18DIRECTOR OF LENDING
IRS990/Form990PartVIISectionAGrp/TitleTxt19DIRECTOR OF ACCOUNTING
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01993
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IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/SecuritiesAmt0128881
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt016
IRS990/GovernmentGrantsAmt0490266
IRS990/GrantAmt00
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IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt01283992
IRS990/GrossReceiptsAmt03498718
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IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd00
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IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InformationTechnologyGrp/FundraisingAmt03439
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt030332
IRS990/InformationTechnologyGrp/ProgramServicesAmt089950
IRS990/InformationTechnologyGrp/TotalAmt0123721
IRS990/InsuranceGrp/ManagementAndGeneralAmt047717
IRS990/InsuranceGrp/TotalAmt047717
IRS990/InterestGrp/FundraisingAmt0290
IRS990/InterestGrp/ManagementAndGeneralAmt018595
IRS990/InterestGrp/ProgramServicesAmt011737
IRS990/InterestGrp/TotalAmt030622
IRS990/InvestmentIncomeGrp/ExclusionAmt0196367
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt075366
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0271733
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IRS990/IRPDocumentW2GCnt00
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IRS990/LandBldgEquipBasisNetGrp/BOYAmt02115951
IRS990/LandBldgEquipBasisNetGrp/EOYAmt02031446
IRS990/LandBldgEquipCostOrOtherBssAmt03176373
IRS990/LegalDomicileStateCd0CT
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt01155111
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd01
IRS990/LocalChaptersInd01
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO STRENGTHEN NEIGHBORHOOD ECONOMIES BY PROVIDING FLEXIBLE FINANCING AND TECHNICAL SUPPORT TO BUSINESSES, COMMUNITY ORGANIZATIONS AND INITIATIVES THROUGHOUT CONNECTICUT. WE HELP TO STABILIZE AND GROW SMALL BUSINESSES SO INDIVIDUALS MAY REALIZE THEIR DREAMS, FAMILIES MAY CELEBRATE INCREASED FINANCIAL INDEPENDENCE, AND COMMUNITIES MAY PROSPER. THE COMMUNITY ECONOMIC DEVELOPMENT FUND (CEDF) WAS FOUNDED IN 1993. THERE WAS AN URGENT NEED FOR SMALL BUSINESS LENDING IN CONNECTICUT'S ECONOMICALLY DEPRESSED AND STAGNANT CITIES AT A TIME WHEN TRADITIONAL BANKING INSTITUTIONS WERE SCALING BACK LENDING ACTIVITY. TODAY CEDF CONTINUES TO ACTIVELY LEAD AND SUPPORT SMALL BUSINESS FORMATION AND GROWTH AS A CATALYST FOR MEANINGFUL, DIVERSE AND INCLUSIVE ECONOMIC DEVELOPMENT. OVER THE LAST 31 YEARS, CEDF HAS FULFILLED ITS MISSION OF SMALL BUSINESS LENDING, TECHNICAL ASSISTANCE AND BUSINESS EDUCATION FOR ENTREPRENEURS AND SMALL BUSINESS OWNERS ACROSS CONNECTICUT.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt06285743
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt06635569
IRS990/NetAssetsOrFundBalancesBOYAmt014248434
IRS990/NetAssetsOrFundBalancesEOYAmt015030071
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0128881
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0128881
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0446014
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt011372173
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt011917759
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/FundraisingAmt02128
IRS990/OccupancyGrp/ManagementAndGeneralAmt024072
IRS990/OccupancyGrp/ProgramServicesAmt080977
IRS990/OccupancyGrp/TotalAmt0107177
IRS990/OfficeExpensesGrp/FundraisingAmt0458
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt028802
IRS990/OfficeExpensesGrp/ProgramServicesAmt033783
IRS990/OfficeExpensesGrp/TotalAmt063043
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt04782161
IRS990/OtherAssetsTotalGrp/EOYAmt04974477
IRS990/OtherChangesInNetAssetsAmt0192316
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt03505
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt030208
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt094211
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0127924
IRS990/OtherExpensesGrp/Desc0PROVISION FOR CREDIT LO
IRS990/OtherExpensesGrp/Desc1BUSINESS EDUCATION CENT
IRS990/OtherExpensesGrp/ProgramServicesAmt018456
IRS990/OtherExpensesGrp/ProgramServicesAmt112745
IRS990/OtherExpensesGrp/TotalAmt018456
IRS990/OtherExpensesGrp/TotalAmt112745
IRS990/OtherInd0X
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS INCOME
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt066234
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt066234
IRS990/OtherRevenueTotalAmt066234
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt023249
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0210656
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0577614
IRS990/OtherSalariesAndWagesGrp/TotalAmt0811519
IRS990/OtherWebsiteInd0X
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt01505162
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt01946298
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd01
IRS990/PayrollTaxesGrp/FundraisingAmt02723
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt022453
IRS990/PayrollTaxesGrp/ProgramServicesAmt071616
IRS990/PayrollTaxesGrp/TotalAmt096792
IRS990/PensionPlanContributionsGrp/FundraisingAmt0717
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt06407
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt019803
IRS990/PensionPlanContributionsGrp/TotalAmt026927
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0326479
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0211465
IRS990/PoliciesReferenceChaptersInd01
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt068636
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt047131
IRS990/PrincipalOfficerNm0KAREN MACIOROWSKI
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0522200
IRS990/ProgramServiceRevenueGrp/BusinessCd1522200
IRS990/ProgramServiceRevenueGrp/Desc0PROGRAM SERVICES-CDFI AFFILIATE
IRS990/ProgramServiceRevenueGrp/Desc1LENDING PROGRAM
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01094256
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1166202
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01094256
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1166202
IRS990/ProgSrvcAccomActy2Grp/Desc0BUSINESS ADVISORY PROGRAM: CEDF PROVIDES A BUSINESS ADVISOR (BA) TO EACH OF OUR LOAN RECIPIENTS FOR THE LIFE OF THEIR LOAN(S) AT NO CHARGE TO THEM, JUST PRIOR TO LOAN ORIGINATION. BA'S ARE FULL-TIME CEDF EMPLOYEES AND EACH ADVISOR HAS OWNED AND OPERATED A SUCCESSFUL SMALL BUSINESS BEFORE JOINING CEDF. THIS EQUIPS THEM WITH EXPERT TECHNICAL KNOWLEDGE AND THE WILLINGNESS TO PROVIDE ATTENTIVE, UNDERSTANDING AND EMOTIONAL SUPPORT TO THOSE FACING DIFFICULT CIRCUMSTANCES. BA'S SERVE OUR BORROWERS AS COACHES AND RELATIONSHIP MANAGERS TO HELP FOSTER BUSINESS GROWTH AND REDUCE RISK OF BUSINESS CLOSURE. THEY OFFER GUIDANCE ON BEST PRACTICES IN MANAGEMENT, MARKETING, FINANCE AND OPERATIONS; HELP INVESTIGATE, DIAGNOSE OR RESEARCH BUSINESS CHALLENGES AND OPPORTUNITIES IN ORDER TO IDENTIFY PATHS TO IMPROVED RESULTS; AND COACH ON MATTERS OF LEADERSHIP, ACCOUNTABILITY, ACTION PLANNING, IDEA GENERATION, MOTIVATION, AND MANAGEMENT OF THE EMOTIONAL COMPONENTS OF BUSINESS OWNERSHIP. CEDF'S BUSINESS ADVISORS PROVIDED 5,470 SERVICE HOURS TO 193 CLIENTS WITH 239 LOANS ACROSS CT'S 169 TOWNS/CITIES IN 2024 AND SUPPORTED THE CREATION AND RETENTION OF 1,092 JOBS.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0414744
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt0401549
IRS990/ProgSrvcAccomActy3Grp/Desc0BUSINESS EDUCATION PROGRAM: CEDF EDUCATES ENTREPRENEURS ON THE ESSENTIAL KNOWLEDGE FOR OPERATING SUCCESSFUL, SUSTAINABLE ENTERPRISES. BUSINESS EDUCATIONAL OFFERINGS ARE PROVIDED TO ENTREPRENEURS/SMALL BUSINESS OWNERS ACROSS CONNECTICUT AT LITTLE TO NO COST TO THEM. WE DELIVER EDUCATION THROUGH A VARIETY OF CHANNELS, INCLUDING PODCASTS, WEBINARS, INSTRUCTIONAL ARTICLES, ONLINE EDUCATION AND LIVE SEMINARS AND OFFER ON-DEMAND FORMAT ALL HOUSED ON OUR EDUCATION WEBSITE FOR EASY ACCESS TO EDUCATIONAL RESOURCES NEEDED BY THE SMALL BUSINESS OWNER WWW.WETEACHSUCCESS.ORG. PROGRAM SERVICES IN SPANISH: CEDF EMPLOYS THREE SPANISH SPEAKING INDIVIDUALS AND PROSPECTIVE CLIENTS MORE COMFORTABLE CONDUCTING BUSINESS IN SPANISH CAN ACCESS PRE-LOAN COUNSELING, BUSINESS EDUCATION AND BUSINESS ADVISORY SERVICES IN THEIR OWN LANGUAGE. IN 2024, WE EXPERIENCED 7,535 LEARNING ENGAGEMENTS AND OFFERED 74 EDUCATIONAL PROGRAMS OF WHICH 39 WERE IN SPANISH.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt0149954
IRS990/ProgSrvcAccomActy3Grp/GrantAmt010000
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt0143290
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt04975
IRS990/ProgSrvcAccomActyOtherGrp/GrantAmt05000
IRS990/ProgSrvcAccomActyOtherGrp/RevenueAmt01964
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0903666
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0301308
IRS990/PYOtherExpensesAmt0738929
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt01228968

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$22,066,926
Liabilities
$7,036,855
Net assets
$15,030,071
Revenue
$2,343,607
Expenses
$2,200,300
Net income
$143,307
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$22.1$7.04$15.0$2.34$2.20$0.14
2023Detailed filing. Detailed filing data is available for this year.$20.9$6.66$14.2$2.43$2.25$0.18
2022Detailed filing. Detailed filing data is available for this year.$20.5$6.59$13.9$2.22$2.04$0.18
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$21.0$6.36$14.7$2.23$2.00$0.23
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$20.0$6.34$13.6$1.72$1.72$0.00
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$19.9$6.06$13.9$1.87$1.78$0.09
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$19.4$6.57$12.9$1.71$1.75$0.04
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$20.5$6.94$13.6$1.74$1.57$0.17
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$20.5$7.19$13.3$1.30$1.13$0.17
2015Detailed filing. Detailed filing data is available for this year.$20.4$7.48$12.9$1.22$1.18$0.03
2014Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$20.8$7.42$13.4$1.93$1.42$0.51
2013Detailed filing. Detailed filing data is available for this year.$20.8$7.71$13.1$1.45$1.41$0.05
2012Summary only. Only limited summary data is available for this year.$19.9$6.92$13.0$2.21$1.56$0.65
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$21.0$8.27$12.7$1.65
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$20.7$8.18$12.5$1.98
Peer Organizations

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