Community Development Corporation of Utah
Community Development Corporation of Utah reported $16.3 million in revenue and $16.4 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $98.96 went to program services, $0.67 to management and general costs and $0.37 to fundraising. Its largest source of revenue was contributions and grants: 97.9% of the total. Government grants made up 94.9%. The highest compensation it reported for one person was $181,361 (CHIEF EXECUTIVE OFFICER). 2 people received more than $100,000 in reportable compensation. Revenue rose 857% between FY2020 and FY2025. Source: Form 990, FY2025.
Where $100 of spending went
The fiscal year ending June 30, 2025 · Form 990, Part IX, line 25 · total expenses $16MFor context, the median across 933 covered housing & shelter charities: $89.27 programs, $10.73 management, $0.00 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
The fiscal year ending June 30, 2025 · Form 990, Part VIII · total revenue $16M- Contributions & grants (non-government)$2.88 $487K
- Government grants$91.52 $15M
- Program service revenue$4.82 $815K
- Investment income$0.78 $131K
Other revenue was negative: −$602K. The bar shows the positive sources only.
The 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 99.0% | 87.5% |
| Management & general Part IX 25(C) ÷ 25(A) | 0.7% | 10.5% |
| Fundraising Part IX 25(D) ÷ 25(A) | 0.4% | 0.0% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.00 | $0.01 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 97.9% | 17.0% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 94.9% | 1.0% |
| Program service revenue share Part VIII 2g ÷ 12 | 5.0% | 66.2% |
| Highest reported compensation Part VII-A, columns D–F | $181,361 | $300,863 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 1.11% | 1.57% |
| People paid over $100,000 Part VII, line 2 | 2 | 5 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 2.2 | 10.0 |
| Independent voting board members Part VI 1a–1b | 13 of 13 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
FY2025 · Form 990, Part III · the three largest programs by expenseDown payment assistance granted $324,545 in down payment assistance grants to 9 low- and moderate-income families to offset closing costs and enable families to successfully purchase an affordable home
Homeowner rehabilitation and ownership constructed or rehabilitated homes which are sold to low-to-moderate income families, which provides an affordable home and improves the community by transforming blighted homes into safe and stable homes. Cdcu also partners with salt lake county in the green and healthy homes initiative which provides grants and loans to low-income families for critical home repairs
Mortgage assistance granted $13,337,991 in mortgage assistance grants to 659 low- to moderate-income 659 individuals. The mortgage assistance program provides temporary mortgage assistance to households impacted by the COVID-19 pandemic or those who are experiencing other financial hardships
Highest reported compensation
FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| CHIEF EXECUTIVE OFFICER Officer, 40.00 hrs/week | $153,568 | $0 | $27,793 | $181,361 |
| CHIEF FINANCIAL OFFICER Officer, 40.00 hrs/week | $120,000 | $0 | $23,915 | $143,915 |
2 people received more than $100,000 in reportable compensation from Community Development Corporation of Utah (Part VII, line 2). Compensation of current officers, directors and key employees totaled $325K (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b13 · 13 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26Yes
- Lobbying, or a 501(h) election in effect Part IV 4No
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 530
Largest outside contractors
FY2025 · Form 990, Part VII, Section B · businesses only| MINT ARCHITECTURE Construction services | $205,130 |
Individuals listed as contractors are left out. 1 contractors were paid more than $100,000 in all.
Private foundation grants it received
4 private foundations reported grants to Community Development Corporation of Utah totaling $101K on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from Community Development Corporation of Utah's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Community Development Corporation of Utah, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 Community Development Corporation of Utah spent in FY2025, $98.96 went to programs. The full breakdown, from its IRS Form 990:
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Questions people ask
How much of Community Development Corporation of Utah's spending goes to programs?
In the fiscal year ending June 30, 2025, Community Development Corporation of Utah reported that 99.0% of its $16.4 million in expenses went to program services, 0.7% to management and general and 0.4% to fundraising (Form 990, Part IX).
How much does Community Development Corporation of Utah pay its top executive?
The largest total compensation Community Development Corporation of Utah reported for one person in the fiscal year ending June 30, 2025 was $181,361, for the role of CHIEF EXECUTIVE OFFICER (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Community Development Corporation of Utah get its money?
Of $16.3 million in revenue in the fiscal year ending June 30, 2025, 97.9% came from contributions and grants (including 94.9% from government grants) and 5.0% from program service revenue (Form 990, Part VIII).
Is Community Development Corporation of Utah a registered charity?
The IRS lists EIN 87-0476889 as a 501(c)(3) organization (publicly supported organization (170(b)(1)(a)(vi))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- FY2025: Form 990 for the fiscal year ending June 30, 2025, object 202621359349303042 · read the filing
- FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202531279349303633 · read the filing
- FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202401369349308675 · read the filing
- FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202301309349301860 · read the filing
- FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202221259349301522 · read the filing
- FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202140359349300914 · read the filing
All filings for EIN 87-0476889: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.