Community Preservation and Development Corporation

“Certain directors have business relationships with other directors independent of their work with cpdc.”

“The form 990 is provided to the entire board for review prior to being filed with the internal revenue service.”

“The organization is currently in the process of reorganizing its structure for monitoring its conflict of interest policy.”

“Executive committee reviews and approves president/ceo and senior management compensation and bonus arrangements using comparability data and other third-party information. A written record of all committee actions is maintained.”

“Governing documents will be posted to the cpdc website and are available upon request.”

“Community preservation and development corporation's (cpdc's) exempt purpose is to create and preserve financially sound, socially responsible, decent, safe and affordable rental housing for low and moderate income individuals and families.”

“Community preservation and development corporation's (cpdc's) exempt purpose is to create and preserve financially sound, socially responsible, decent, safe and affordable rental housing for low and moderate income individuals and families. Cpdc sponsors the acquisition, development and ownership of rental communities; and coordinates and develops site-based resident services that promote individual growth and community development through networks of residents, private sector institutions, nonprofit organizations, and local and federal government agencies to create strategic alliances. These alliances result in programs that provide cpdc residents and members of surrounding communities with the resources and tools they need to bring about dynamic change at the personal and community level.”

“Community preservation and development corporation (cpdc) coordinates resident services to complement the revitalization spurred by the physical renovation of its properties, and to create an interactive and innovative model for the development of financially sound and socially responsible affordable housing communities. Our community building model relies on internal and external partnerships, is flexible to remain relevant, and demonstrates value through results based accountability and performance measurement. The model impacts all business units of cpdc, resident services, asset and property management, and real estate development. This model focuses on five areas of sustainable community development: economic development, resident engagement, health and wellness, education, and "green" property and community issues, with housing and community stability at its core. Cpdc collaborates with residents of each of its communities, private sector institutions, other non-profit organizations, and local and federal government agencies to create strategic alliances. The resulting programs and services provide residents and those in the immediately surrounding communities with the resources and tools they need to make improvements in the quality of their lives.”