Cooperative Development Institute Inc
Cooperative Development Institute Inc
Cooperative Development Institute Inc
Programs
Cooperative Development Assistance
Cooperative Development & Assistance to cooperatives Assist Resident Owned Communities in fomation of CooperativeGeographiesNot indicatedDatesJul 1, 2022 – Jun 30, 2023Source990No causes providedNo populations provided–$2.5MFiscal Sponsorship Management
In FY22, grants and other resources taken in for fiscal sponsorships was $1,949,498 and disbursements was $564,452 The surplus excluding this activity associated with fiscal sponsorships was $372,631. In FY23, grants and other resources taken in for fiscal sponsorships was $560,157 and disbursementswas $1,701,931. The surplus excluding this activity associated with fiscal sponsorships was $424,627GeographiesNot indicatedDatesJul 1, 2022 – Jun 30, 2023Source990No causes providedNo populations provided–$1.7MProgram 1 [2024]
NEW ENGLAND RESIDENT-OWNED COMMUNITIES (NEROC):CDI'S NEROC PROGRAM HAS HELPED RESIDENTS OF 62 MANUFACTURED HOME PARKS ACROSS NEW ENGLAND RAISE MORE THAN $307 MILLION IN CAPITAL TO PURCHASE THEIR COMMUNITIES AND PERMANENTLY PRESERVED MORE THAN 6,230 UNITS OF AFFORDABLE HOUSING.MANUFACTURED HOMES ARE AN ESSENTIAL SOURCE OF AFFORDABLE HOUSING IN NEW ENGLAND. HOWEVER, THEY HAVE INCREASINGLY BEEN TARGETED BY INVESTORS AND PRIVATE EQUITY FIRMS WHO SEEK TO PURCHASE THE PARKS FOR A PROFIT. RESIDENTS IN THESE COMMUNITIES OWN THE HOMES BUT NOT THE LAND UNDERNEATH THEM, MAKING THEM VULNERABLE TO UNAFFORDABLE RENT-HIKES, MISMANAGEMENT, AND DETERIORATING INFRASTRUCTURE. NEROC HELPS MANUFACTURED HOMEOWNERS COOPERATIVELY PURCHASE AND DEMOCRATICALLY MANAGE THEIR COMMUNITIES, PRESERVING THE QUALITY AND AFFORDABILITY OF HOMES IN OUR REGION.GeographiesNot indicatedDatesJul 1, 2023 – Jun 30, 2024Source990No causes providedNo populations provided–$1.2M
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