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Community Development Corporation of Utah

EIN 87-0476889 · Salt Lake Cty, UT

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthWeak25 out of 100GovernanceStrong90 out of 100Impact evidenceDescribes programsHow well its results are evidenced

Points to look into

  • It reported loans to or from officers, directors or other insiders.

These come from the organization's own tax return. There may be a good explanation; ask the charity.

What it says it does

THE COMMUNITY DEVELOPMENT CORPORATION OF UTAH (CDCU) HELPS OUR COMMUNITY THRIVE BY EMPOWERING PEOPLE ON THEIR PATH TOWARD FINANCIAL SECURITY, HOUSING STABILITY, AND ACCESS TO AFFORDABLE HOMES.WE ACHIEVE THIS BY:1. INCREASING FINANCIAL KNOWLEDGE AND SKILLS THROUGH EDUCATION AND COACHING2. PROVIDING HOUSING-RELATED FINANCIAL ASSISTANCE AND LOAN PRODUCTS THAT ARE ACCESSIBLE TO LOWER INCOME UTAHNS3. DEVELOPING AND PRESERVING AFFORDABLE HOMES TO OWN AND RENT

Income
$16.3 million
Spending
$16.4 million
Spent on programs
99%
Reserves
-1.2 months of spending
Largest source of income
government grants, 95%
Employees
30
Volunteers
0
Highest pay
$181,361, chief executive officer

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Weak: 25 out of 100. Higher than 3% of charities in its peer group (housing, $10m to $100m).

  • Reserves

    0 of 35

    Spendable reserves are negative: it owes or has committed more than it holds.

  • Debt

    2 of 20

    It owes 82% of what it owns.

  • Living within its means

    8 of 15

    Spending exceeded income by 0% of income.

  • Income trend

    0 of 15

    Income fell 53% on the year before.

  • Spending floor

    15 of 15

    99% of spending went to programs and raising each dollar of donations cost 0 cents.

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Strong: 90 out of 100. Higher than 23% of charities in its peer group (housing, $10m to $100m).

  • Independent board

    25 of 25

    13 of 13 voting board members are independent.

  • Conflict of interest policy

    15 of 15

    Has a written conflict of interest policy.

  • Whistleblower policy

    8 of 8

    Has a written whistleblower policy.

  • Record keeping policy

    7 of 7

    Has a written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    10 of 10

    Gave the board a copy of this return before filing it.

  • Pay set independently

    5 of 5

    Sets its chief executive's pay through independent review and comparison.

  • Independent check of accounts

    15 of 15

    Its accounts were audited by an independent accountant.

  • No reported misuse

    0 of 10

    Reports at least one of: diversion of assets, excess benefits, loans to insiders.

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (6)
  1. $390,592 spent. DOWN 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.
  2. $202,175 spent. 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.
  3. $14.5 million spent. 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.
  4. $347,682 spent. HOMEBUYER EDUCATION AND FORECLOSURE MITIGATION COUNSELING PROVIDED FINANCIAL EDUCATION AND COUNSELING SERVICES TO 817 LOW- TO MODERATE-INCOME HOUSEHOLDS (2,563 INDIVIDUALS) TO ENABLE THEM TO BECOME AND REMAIN SUCCESSFUL HOMEOWNERS. PROVIDED FORECLOSURE PREVENTION AND LOAN MITIGATION TO FAMILIES TO PREVENT FORECLOSURE ON THEIR HOMES DURING TIMES OF CRISIS. THESE SERVICES ARE PROVIDED AT NO COST TO THE PROGRAM PARTICIPANTS.
  5. $502,773 spent. REAL ESTATE DEVELOPMENT.
  6. $314,280 spent. AFFORDABLE HOUSING - PRESERVES EXISTING AFFORDABLE HOUSING BY ACQUIRING AND REHABILITATING MULTI-FAMILY PROPERTIES THAT ARE RENTED TO LOW-TO-MODERATE INCOME RESIDENTS.

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated November 6, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending June 2025.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since April 1991.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated November 4, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.