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Filing year 2023

THE COMMUNITY ECONOMIC DEVELOPMENT FUND FOUNDATION INC

Meriden, Connecticut·EIN 06-1380472·NTEE S30Z · Community Improvement & Capacity Building·501(c)(3)
Total revenue
$2.4M
Total assets
$20.9M
Total expenses
$2.2M
Reported officers
15
Mission

TO 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 30 YEARS, CEDF HAS FULFILLED ITS MISSION OF SMALL BUSINESS LENDING, TECHNICAL ASSISTANCE AND BUSINESS EDUCATION FOR ENTREPRENEURS AND SMALL BUSINESS OWNERS ACROSS CONNECTICUT.

Executive compensation, broken down

Form 990 · Part VII & Schedule J · 2 reported individuals · Filing year 2023

Percentile bands compare each position's total pay with the same role at Community Improvement & Capacity Building organizations in Connecticut.

President/ceo
75th to 90th percentile
$237k
$265k
Base
$193k
Bonus
$19k
Other
Benefits
$17k
Vp/cfo
Officer (Unspecified)
$181k
$202k
Base
$159k
Bonus
$13k
Other
Benefits
$2k

Teal figures restate each filed amount in 2026 dollars.

Estimated with BLS CPI-U for the Northeast region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 13 unpaid individuals.

Browse compensation in Community Improvement & Capacity Building

Pay in context

Top pay as a share of expenses

In 2023, the highest total compensation at THE COMMUNITY ECONOMIC DEVELOPMENT FUND FOUNDATION INC equaled 11% of the organization's total expenses. The median for community improvement & capacity building organizations is 14%.

This organization (2023)
11%
Sector median
14%
Middle half of sector
6% to 28%

Based on 10,247 community improvement & capacity building organizations, each measured at its most recent filing year with reported expenses and compensation.

Among peers

Revenue and top compensation, plotted against similar organizations. This organization is highlighted in cyan.

FAQ

Common questions about THE COMMUNITY ECONOMIC DEVELOPMENT FUND FOUNDATION INC

What does the Chief Executive Officer of THE COMMUNITY ECONOMIC DEVELOPMENT FUND FOUNDATION INC earn?

In 2023, the Chief Executive Officer of THE COMMUNITY ECONOMIC DEVELOPMENT FUND FOUNDATION INC received $237,208 in total compensation. This pay is in the top quarter for Chief Executive Officer roles among Community Improvement & Capacity Building organizations in Connecticut, though not the top 10% of comparable filings. Based on IRS Form 990 data.

How does Chief Executive Officer pay at THE COMMUNITY ECONOMIC DEVELOPMENT FUND FOUNDATION INC compare with similar nonprofits?

Compared with the same role at Community Improvement & Capacity Building organizations in Connecticut, the 2023 pay of the Chief Executive Officer at THE COMMUNITY ECONOMIC DEVELOPMENT FUND FOUNDATION INC falls between the 75th and 90th percentiles. In 2023, the highest total compensation at THE COMMUNITY ECONOMIC DEVELOPMENT FUND FOUNDATION INC equaled 11% of the organization's total expenses. The median for community improvement & capacity building organizations is 14%.

What are THE COMMUNITY ECONOMIC DEVELOPMENT FUND FOUNDATION INC's revenue and expenses?

In 2023, THE COMMUNITY ECONOMIC DEVELOPMENT FUND FOUNDATION INC reported $2.4M in total revenue and $2.2M in total expenses on its IRS Form 990.

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