COMMUNITY ECONOMIC DEVELOPMENT FUND FOUNDATION INC | CEDF

MERIDEN, CT | New Haven County
Economic Development
COMMUNITY ECONOMIC DEVELOPMENT FUND FOUNDATION INC | CEDF
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As of , this nonprofit no longer meets findCRA's qualification requirements and will no longer appear in CQ search results.

Reason for disqualification:

Overview

COMMUNITY ECONOMIC DEVELOPMENT FUND FOUNDATION INC | CEDF
06-1380472
965 E MAIN ST
MERIDEN, CT 06450
New Haven County
(203) 235-2333

kmaciorowski@cedf.com
Mission Statement info

THE MISSION OF THE COMMUNITY ECONOMIC DEVELOPMENT FUND (CEDF) IS TO STRENGTHEN NEIGHBORHOOD ECONOMIES BY PROVIDING FLEXIBLE FINANCING, TECHNICAL SUPPORT AND EDUCATIONAL OPPORTUNITIES TO BUSINESSES, COMMUNITY ORGANIZATIONS AND INITIATIVES IN COMMUNITIES THROUGHOUT CONNECTICUT.

CRA Category info
  • Economic Development
Nonprofit location info
  • This nonprofit is not located in any CRA geographies.
Awards & Certifications info
  • CDFI Organization
  • CDFI Award Recipient
Founded info
Not reported
Total Employees info
Not reported
Total Volunteers info
Not reported
Nonprofit Classification (NTEE Code) info
S30

S - Community Improvement, Capacity Building

Economic Development

Organizations whose primary purpose is to stimulate the economy, expand employment opportunities, encourage the establishment and growth of commerce and industry and otherwise enhance the economic development of the community.

IRS Activity Codes info
400
Area development, redevelopment of renewal
-
Not reported
-
Not reported
Standard Business Classification (NAICS Code) info
813410
Civic and Social Organizations
Targeted Clients info
  • Economically Disadvantaged
  • Entrepreneurs
  • People Needing Credit Counseling
  • Small Businesses
CRA Income Characteristics info
    This nonprofit has claimed its profile but has not yet provided this information.

CRA Alignment

CRA Category info
Economic Development
Workforce development, job training, and small business or startup support.
What does it mean for a nonprofit to be CRA aligned?
Each nonprofit on Community Qualifier has been reviewed by findCRA utilizing a dual evaluation process. Nonprofits are first evaluated by our proprietary algorithm, CRANIA, and then further validated by our CRA experts. When nonprofit passes both parts of this review, we create a nonprofit profile for them on Community Qualifier. From there, a nonprofit can claim their profile and add additional information including their programs & services, counties served, targeted clients and income groups and more.
Programs & Services info

Not reported by nonprofit


This nonprofit has claimed its profile but has not yet provided this information.
Awards & Certifications info
Community Development Financial Institution info
Date Certified info
Not reported
Native American CDFI info
N
Financial Institution Type info
Loan Fund
Community Development Financial Institution Award Recipient info
New Market Tax Credit Recipient info
YearAmountProgramAwardee Name
2021 $972,000 CDFI Rapid Response Program (COVID-19) open_in_new Community Economic Development Fund I, LLC
2021 $125,000 CDFI Technical Assistance open_in_new Community Economic Development Fund I, LLC

Includes CDFI Fund awards granted between January 2013 and December 2023

HUD Counseling Agency info
Low Income Housing Tax Credit Recipient info

IRS Summary

Income
$4.3M
Revenue
$2.2M
Assets
$21M

IRS Business Master File Details info

As of November 2022 Update
Exempt Ruling Date info
1994-12
Deductibility Status info
Deductible
Last Tax Filing info
2021
Organization Type info
Corporation
Organization Tax Filing Status info
990 (all other) or 990EZ return
Foundation Tax Filing Status info
990-PF not required by IRS
Affiliation Classification info
Independent Organization
Basis for Foundation/Public Charity Status info
Organization which receives a substantial part of its support from a governmental unit or the general public 170(b)(1)(A)(vi)

IRS Publication 78 Details info

As of April 2023
Verified in Publication 78 info
Yes
Deductibility Limitation info
50% (60% for cash contributions)
Organization Description info
A public charity

Nonprofit Location

Physical Address info
965 E MAIN ST
MERIDEN, CT 06450
New Haven County
Area Type info
Metropolitan Statistical Area
FIPS Geocoded Address info
35300
MSA/MD info
09
State info
009
County info
3431.02
Tract info
Upper
Income Level info
Core-Based Statistical Area info
35300 - New Haven-Milford, CT
Combined Statistical Area info
408 - New York-Newark, NY-NJ-CT-PA
Metropolitan Division info
Not located in an MD.
Located In info
Low- or Moderate-Income Census Tract info
Opportunity Zone info
Majority Minority Census Tract info 18.88%
FFIEC Designated Distressed Census Tract info
FFIEC Underserved Census Tract info
Geographies Served info

Not reported by nonprofit


This nonprofit has claimed its profile but has not yet provided this information.

Market Data

Census Tract County
3431.02 New Haven County
Population
Total Population 4,000 864,751
Total Households 1,635 336,400
Income
Median Family Income (Census*) $177,500 $75,043
Median Family Income (2022 FFIEC est.) $99,200 $99,200
Tract Income Percentage 191.87% N/A
Below Poverty Level 3.7% 11.5%
Unemployment Level 3.9% 6.7%
Housing
Total Housing Units 1,780 368,720
Total Owner-Occupied Units 75.7% 62.1%
Total Renter-Occupied Units 16.1% 37.9%
Total Vacant Units 8.1% 6.6%
* Census tract income based on 2020 Census estimated data; County income based on 2021 American Community Survey data.
View more than 200 performance context data points for this county now.

Management

15
Total Voting Members
in Governing Body info
15
Independent Voting Members
in Governing Body info
Tax Filing Signatory info
James Bzdyra
CEO
(203) 235-2333
Principal Officer info
James Bzdyra
findCRA Profile Owner
Karen Maciorowski
Vice President and CFO
kmaciorowski@cedf.com
Key Policies & Documents info
Written Conflict of Interest Policy
Written Document Retention & Destruction Policy
Written Whistleblower Policy
CEO Compensation Review Process
Written Minutes of Board Meetings
Financial Statements & Reporting info
Compiled or Reviewed by an Independent Accountant
Audited by an Independent Accountant
Included in Consolidated Financial Statements
Internal Audit Committee Review
Federal Grant Audit Required
Federal Grand Audit Performed
Organization Activities info
Provides Credit Counseling
Conducts Gaming Activities
Engages in Lobbying Activities
Engages in Political Activities
Makes Grants to Individuals
Makes Grants to Organizations

"NA" in this section indicates that the information was not available in the nonprofit's most recent IRS tax filing.

This Nonprofit Profile was created using data available from publicly available government and industry sources, our own research, and information provided directly the nonprofit organization. Whenever possible, we utilize the most recent information available including information as made public by the Internal Revenue Service, U.S. Census Bureau, Federal Financial Institutions Examination Council, and more. The format and design of this Nonprofit Profile is ©findCRA. For more information about our Nonprofit Profiles, please visit www.learncra.com.