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← COMMUNITY FIRM

Form 990 for tax year 2023

Filed by COMMUNITY FIRM.

Totals

Total revenue
$69,362,073
Total expenses
$66,467,267
Contributions and grants received
$68,616,547
Grants paid
$54,851,006
Program service revenue
$711,193
Investment income
$6,616
Other revenue
$27,717
Total assets, end of year
$16,128,222
Total liabilities, end of year
$9,938,060
Net assets or fund balances, end of year
$6,190,162
Program services expenses (Part IX)
$64,255,267
Management and general expenses
$2,195,621
Fundraising expenses
$16,379
Program service expenses (Part III)
$64,255,267

Program services were 96.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1a · Federated campaigns

    $0

  • 1b · Membership dues

    $0

  • 1c · Fundraising events

    $0

  • 1d · Related organizations

    $0

  • 1e · Government grants (contributions)

    $66,160,536

  • 1f · All other contributions, gifts and grants

    $2,456,011

  • 2a · Program service revenue: IMPACT DEVELOPMENT

    total $607,624 · related or exempt $607,624

  • 2b · Program service revenue: Housing Vouchers

    total $103,569 · related or exempt $103,569

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $6,616 · excluded $6,616

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 11a · Other revenue: MISCELLANEOUS

    total $27,717 · excluded $27,717

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $27,717

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $40,000 · program services $40,000

  • 2 · Grants to domestic individuals

    total $54,811,006 · program services $54,811,006

  • 4 · Benefits paid to or for members

    total $0 · program services $0

  • 5 · Compensation of officers, directors and key employees

    total $304,577 · program services $304,577 · management and general $0 · fundraising $0

  • 6 · Compensation of disqualified persons

    total $8,513 · program services $8,513 · management and general $0 · fundraising $0

  • 7 · Other salaries and wages

    total $8,116,404 · program services $7,019,622 · management and general $1,096,782 · fundraising $0

  • 8 · Pension plan contributions

    total $245,074 · program services $203,876 · management and general $41,198 · fundraising $0

  • 9 · Other employee benefits

    total $465,339 · program services $411,269 · management and general $54,070 · fundraising $0

  • 10 · Payroll taxes

    total $736,855 · program services $631,851 · management and general $105,004 · fundraising $0

  • 11b · Fees: legal

    total $128,044 · program services $39,660 · management and general $88,384 · fundraising $0

  • 11c · Fees: accounting

    total $77,978 · program services $0 · management and general $77,978 · fundraising $0

  • 11d · Fees: lobbying

    total $59,980 · program services $59,980 · fundraising $0

  • 11e · Fees: professional fundraising services

    total $0 · fundraising $0

  • 11f · Fees: investment management

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 11g · Fees: other

    total $379,174 · program services $266,023 · management and general $104,443 · fundraising $8,708

  • 12 · Advertising and promotion

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 13 · Office expenses

    total $124,506 · program services $100,106 · management and general $16,729 · fundraising $7,671

  • 14 · Information technology

    total $642,849 · program services $327,116 · management and general $315,733 · fundraising $0

  • 15 · Royalties

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 16 · Occupancy

    total $103,773 · program services $5,129 · management and general $98,644 · fundraising $0

  • 17 · Travel

    total $9,184 · program services $6,359 · management and general $2,825 · fundraising $0

  • 18 · Travel or entertainment for public officials

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 19 · Conferences, conventions and meetings

    total $59,917 · program services $17,085 · management and general $42,832 · fundraising $0

  • 20 · Interest

    total $64,800 · program services $0 · management and general $64,800 · fundraising $0

  • 21 · Payments to affiliates

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 22 · Depreciation, depletion and amortization

    total $5,644 · program services $0 · management and general $5,644 · fundraising $0

  • 23 · Insurance

    total $20,528 · program services $0 · management and general $20,528 · fundraising $0

  • 24a · Other expenses: EQUIPMENT AND REPAIRS

    total $56,017 · program services $2,738 · management and general $53,279 · fundraising $0

  • 24b · Other expenses: BAD DEBT

    total $3,519 · program services $0 · management and general $3,519 · fundraising $0

  • 24c · Other expenses: RECRUITING

    total $3,019 · program services $0 · management and general $3,019 · fundraising $0

  • 24d · Other expenses: OTHER

    total $567 · program services $357 · management and general $210 · fundraising $0

  • 24e · All other expenses

    total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $7,599,173 · end of year $8,121,448

  • 2 · Savings and temporary cash investments

    beginning of year $10,055,831 · end of year $13,202

  • 3 · Pledges and grants receivable

    beginning of year $5,730,134 · end of year $7,398,802

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $249,404 · end of year $283,200

  • 10a · Land, buildings and equipment: cost or other basis

    $38,000

  • 10b · Land, buildings and equipment: accumulated depreciation

    $13,076

  • 10c · Land, buildings and equipment, net

    beginning of year $17,179 · end of year $24,924

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $0 · end of year $286,646

  • 17 · Accounts payable and accrued expenses

    beginning of year $386,420 · end of year $253,691

  • 19 · Deferred revenue

    beginning of year $16,969,945 · end of year $6,379,963

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $3,000,000 · end of year $3,000,000

  • 25 · Other liabilities

    beginning of year $0 · end of year $304,406

  • 27 · Net assets without donor restrictions

    beginning of year $3,107,896 · end of year $4,440,986

  • 28 · Net assets with donor restrictions

    beginning of year $187,460 · end of year $1,749,176

Mission and programs · 2023

Mission

THE COMMUNITY FIRM DBA COMMUNITY ECONOMIC DEFENSE PROJECT (CEDP) IS A NOT-FOR-PROFIT ORGANIZATION ESTABLISHED TO PROVIDE SOCIAL SERVICES, PUBLIC BENEFITS, AND POLICY CHANGE. OUR MISSION IS TO PARTNER WITH LOW INCOME AND WORKING PEOPLE TO BUILD ECONOMIC AND RACIAL EQUITY. WE DO THIS BY PROVIDING EMERGENCY SERVICES, CONFRONTING ECONOMIC ABUSE, AND INVESTING IN COMMUNITY WEALTH. WE USE AN EVER-EVOLVING SET OF LEGAL, ECONOMIC AND ADVOCACY TOOLS TO CHALLENGE AND DISMANTLE UNJUST SYSTEMS, BUILDING QUICKLY TOWARDS A WORLD WHERE ALL PEOPLE HAVE WHAT THEY NEED TO LIVE AND THRIVE.

Activities or mission (Part I)

THE COMMUNITY FIRM IS A NONPROFIT ESTABLISHED TO PROVIDE SOCIAL AND LEGAL SERVICES, PUBLIC BENEFITS, & POLICY CHANGE FOR & BY PARTNERING WITH LOW INCOME & WORKING PEOPLE.

  • INTEGRATED FINANCIAL ASSISTANCE AND HOUSEHOLD STABILITY SERVICES: THE ORGANIZATION OFFERS A FUND THAT PROVIDES EMERGENCY RENTAL ASSISTANCE TO RENTERS FACING EVICTION OR DISPLACEMENT. IN PARTNERSHIP WITH STATE AND LOCAL GOVERNMENT EMERGENCY ASSISTANCE PROGRAMS, CEDP QUALIFIES RENTERS FACING EVICTION AND DISPLACEMENT FOR BENEFITS, AND IT ISSUES QUICK, ACCURATE FINANCIAL ASSISTANCE CHECKS. ITS EMERGENCY RENTAL ASSISTANCE PROGRAM IS DESIGNED TO MOVE FASTER THAN THE EVICTION TIME LINE, WITH CAPABILITIES TO QUALIFY TENANTS FOR BENEFITS AND ISSUE PAYMENTS IN LESS THAN 24 HOURS WHEN NEEDED TO STABILIZE A HOUSEHOLD. SINCE JULY 2022, CEDP HAS ALSO MANAGED THE STATE OF COLORADO'S EMERGENCY INTAKE SYSTEM FOR RENTERS FACING DISPLACEMENT. THIS INTAKE SYSTEM ANSWERS TENANT CALLS ABOUT THE RENTAL ASSISTANCE PROGRAM, FEATURES INTAKE AGENTS AT COURTHOUSES ACROSS THE STATE, AND COORDINATES AMONG SERVICE PROVIDERS. THROUGH THIS PROGRAM, CEDP MAKES REFERRALS TO ITS OWN EVICTION PREVENTION AND HOMELESSNESS DIVERSION PROGRAMS, AND COORDINATES SERVICE DELIVERY WITH OTHER SERVICE PROVIDERS ACROSS THE STATE FOR HOUSEHOLD STABILITY SERVICES AND OTHER NEEDED BENEFITS AND SERVICES. SERVICES AND OTHER NEEDED BENEFITS AND SERVICES.

    Expenses $50,068,152 · Grants $43,273,179 · Revenue $711,193

  • In 2023, we launched a new program to expand the stabilizing services we offer to the community. Housing is a human right, and the loss of a home can lead to cycles of poverty that are exceedingly difficult to recover from. We are able to provide mortgage assistance for clients who are behind on payments based on the individual circumstances of each. Our team of caring navigators and lawyers are passionately committed to keeping our clients in their homes.

    Expenses $11,887,784 · Grants $11,473,900

  • LEGAL AID: THROUGH CED LAW, THE ORGANIZATION OFFERS LEGAL ASSISTANCE TO RENTERS FACING EVICTION IN THE STATE OF COLORADO. MANAGED SEPARATELY FROM THE FINANCIAL ASSISTANCE AND HOUSEHOLD STABILITY SERVICES PROGRAM, CED LAW PROVIDES LEGAL ASSISTANCE TO COLORADANS FACING EVICTION OR STRUGGLING WITH CONSUMER AND HOUSING DEBT BURDENS. DEPENDING ON CLIENT NEED, ATTORNEYS PROVIDE ADVICE, LIMITED ASSISTANCE REPRESENTATION, OR FULL-SERVICE LEGAL REPRESENTATION. CED LAW ALSO MANAGES LEGAL AID CLINICS ALONGSIDE COMMUNITY PARTNERS AND IN COURTHOUSES ACROSS THE STATE.

    Expenses $2,299,331 · Grants $103,927

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • CAREY DEGENARO

    BOARD SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • JENNIFER LOPEZ

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    1

  • MARCO DORADO

    BOARD TREASURER

    Total calculated
    $0
    Hours/week
    0.5

  • SAM GILMAN

    CO-FOUNDER/CO-CEO

    Total calculated
    $150,598
    From this org
    $141,047
    From related orgs
    $0
    Other
    $9,551
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $141,047
    Bonus
    $0
    Other
    $0
    Deferred
    $4,250
    Nontaxable benefits
    $5,301
    Filer's total
    $150,598

  • ZACHARY NEUMANN

    CO-FOUNDER/CO-CEO

    Total calculated
    $153,979
    From this org
    $144,268
    From related orgs
    $0
    Other
    $9,711
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $144,268
    Bonus
    $0
    Other
    $0
    Deferred
    $4,331
    Nontaxable benefits
    $5,380
    Filer's total
    $153,979

  • BURT NADLER

    DIRECTOR (BEG 09/22)

    Total calculated
    $0
    Hours/week
    0.5

  • VICTORIA SUAREZ-PALOMO

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Christina Garcia

    Chief Program Officer

    Total calculated
    $136,891
    From this org
    $126,544
    From related orgs
    $0
    Other
    $10,347
    Hours/week
    40

  • MELISSA MEJIA

    HEAD OF STATE LOCAL POLICY

    Total calculated
    $122,822
    From this org
    $105,470
    From related orgs
    $0
    Other
    $17,352
    Hours/week
    40

  • Rebecca Cohn

    Head of CED Law

    Total calculated
    $122,916
    From this org
    $107,558
    From related orgs
    $0
    Other
    $15,358
    Hours/week
    40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
15 November 2024
IRS schema version
2023v5.1
Source object
202443209349319754

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