Is it real?
Yes. Revoked Nov 2010, reinstated. IRS ruling Jan 2014, per the IRS master file. Latest filing on record: FY2025. IRS ruling in Jan 2014.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
100 cents of each dollar spent went to programs.
Form 990 Part IX, line 25. Every line is in By the numbers.
Something off? Claim to add context
Who runs it and what they're paid
3 people listed on the 990.
Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2No
- Top official's pay set by an independent reviewPt VI · Ln 15aNo
Programs and updates
Cdi Development Fund INC is a community improvement nonprofit based in Maynard, MA.
Questions for Cdi Development Fund INC
Your first name shows with your question. Cdi Development Fund INC answers here, for everyone.
Developing Cooperative Resident Owned Communities for an economically disadvantaged community
Form 990 Part III, line 4, FY2022. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 04-3464735) · Dispute this lineBy the numbers
The FY2023 990, line by line.
Download 990
| Line | Start FY23 | End FY23 |
|---|---|---|
| Cash and savingsLn 1–2 | $369K | $309K |
| Land, buildings, equipmentLn 10c | $18.0M | $18.1M |
| Total assetsLn 16 | $19.0M | $19.0M |
| LiabilitiesLn 26 | $18.1M | $17.7M |
| Net assetsLn 32 | $942K | $1.4M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Other salaries and wagesLn 7 | $43K | $43K | $0 | $0 |
| Management feesLn 11a | $88K | $88K | $0 | $0 |
| Legal feesLn 11b | $14K | $14K | $0 | $0 |
| Accounting feesLn 11c | $10K | $10K | $0 | $0 |
| Other fees for servicesLn 11g | $54K | $54K | $0 | $0 |
| Office expensesLn 13 | $10K | $10K | $0 | $0 |
| OccupancyLn 16 | $681K | $681K | $0 | $0 |
| InterestLn 20 | $638K | $638K | $0 | $0 |
| Depreciation, depletion and amortizationLn 22 | $23K | $23K | $0 | $0 |
| InsuranceLn 23 | $19K | $19K | $0 | $0 |
| Other expenses (24a–d)Ln 24 | $9K | $9K | $0 | $0 |
| Total functional expensesLn 25 | $1.6M | $1.6M | $0 | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 LatestFiled with the IRS Nov 21, 2025 | $2.1M | $1.7M | $375K | $2.3M | 990 PDF |
| FY2024Filed with the IRS Sep 17, 2024 | $2.1M | $1.5M | $593K | $2.0M | 990 PDF |
| FY2023 ViewingFiled with the IRS Aug 11, 2023 | $2.0M | $1.6M | $424K | $1.4M | 990 PDF |
| FY2022Filed with the IRS Sep 23, 2022 | $1.2M | $879K | $353K | $942K | 990 PDF |
| FY2021Filed with the IRS Feb 1, 2022 | $75K | $0 | $75K | $417K | 990 PDF |
| FY2020Filed with the IRS Feb 1, 2022 | $92K | $0 | $92K | $341K | 990 PDF |
Schedules filed Part IV
See the full FY2023 990
Part I · Summary $2,014,516 revenue, 12 lines filed
Part VI · Governance 4 of 4 board members independent, 4 to look at
Part VIII · Statement of revenue $2,014,516 across 3 lines filed
Part IX · Statement of functional expenses $1,590,401 across 11 lines filed
Part X · Balance sheet $19,047,224 assets, 14 lines filed
Part XI · Reconciliation of net assets $1,366,497 net assets at year end
Form 990 e-file FY2023 from the IRS (about our sources) · Classification, formation year and address from the IRS Business Master File
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