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COMMUNITY POTENTIAL INC

BINGHAMTON, NY · EIN 043664898 · Form 990 · FY2024 · NTEE L20 · Housing & Shelter · Small ($100K-$1M)
revenue
$382K
expenses
$181K
net assets
$1.6M
employees
2
program ratio
99%
mission · from form 990

COMMUNITY POTENTIAL'S MISSION IS TO INCREASE THE NUMBER OF AVAILABLE HOUSING UNITS IN BINGHAMTON AND BROOME COUNTY THROUGH THE CONSTRUCTION OF NEW LOW-INCOME HOUSING, AND TO IMPROVE AND RENOVATE SUB-STANDARD PROPERTIES. THE CORPORATION WILL ALSO ASSIST LOW AND MODERATE-INCOME FAMILIES IN SEARCHING FOR AND FINANCING SINGLE-FAMILY HOUSING THROUGH WORKSHOPS AND COUNSELING AS WELL AS ASSISTANCE IN BORROWING FUNDS. IN ADDITION, PROVIDE PROGRAMS, PROJECTS, AND WORKSHOPS FOR EMPLOYMENT TRAINING IN BASIC JOB SKILL FOR TEENAGED YOUTH AND LOW AND MODERATE INCOME FAMILIES AND PERSONS AND TO ASSIST AND CARRY OUT LOW AND MODERATE INCOME HOUSING PROGRAMS BY SEEKING GRANTS, IMPROVING PROPERTIES FOR LOW INCOME HOUSING USE, AND IMPROVING SERVICES SUCH AS GROCERY STORES, HEALTH CARE ACCESS IN LOW INCOME HOUSING COMMUNITIES AND PROVIDE SERVICES TO ADULT CARE FACILITIES SUCH AS GROCERY DELIVERY, HOME HEALTH AIDES, AND RECREATIONAL PROGRAMS.

profile · synthesized from sources

Community Potential Inc is a housing and community development organization based in Binghamton, New York. It focuses on increasing affordable housing through new construction and rehabilitation of substandard properties in Broome County. The organization also provides housing counseling, financing assistance, and employment training workshops for low- and moderate-income families and youth.

named programs · 5 · from sources

What they call their work

Community Services Enhancement
Improves access to essential services in low-income housing communities, including grocery stores, health care, and adult care facility support services.
Employment Training Workshops
Offers job skills training programs for teenage youth and low- and moderate-income individuals to support workforce readiness.
Housing Counseling and Financing Assistance
Provides workshops and one-on-one counseling to help low- and moderate-income families search for homes and secure financing.
Low-Income Housing Construction
Builds new affordable housing units in Binghamton and Broome County for low- and moderate-income households.
Property Rehabilitation
Renovates substandard housing properties to improve living conditions and expand the supply of safe, affordable housing.
activities · 4 groups

What they do

  • Affordable Home Construction & Rehabilitation 1 activity
    • Construction and renovation of low-income housing
      Constructs new low-income housing units and improves or renovates sub-standard properties in Binghamton and Broome County.
  • Workforce Readiness Training 1 activity
    • Employment training for youth and low-income individuals
      Offers employment training programs, projects, and workshops focused on basic job skills for teenage youth and low- and moderate-income individuals and families.
  • First-Time Homebuyer Support Services 1 activity
    • Housing search and financing assistance for low- and moderate-income families
      Provides workshops, counseling, and assistance with financing to help low- and moderate-income families search for and secure single-family housing.
  • Community Resource Navigation and Support Services 1 activity
    • Improving access to essential services in low-income communities
      Improves access to grocery stores and health care in low-income housing communities and provides grocery delivery, home health aide services, and recreational programs to adult care facilities.
financials · form 990 · fy2024
revenue
Total revenue$382K
Contributions & grants$252K66%
Program service revenue$00%
Investment income$00%
Other revenue$130K
expenses
Total expenses$181K
Program expenses99%
Admin / overhead1%
Fundraising0%
Salaries & benefits$91K
Grants paid out$0
Largest expense lineCompensation
balance sheet
Total assets$1.62M
Cash$644K
Investments$0
Liabilities$0
Net assets$1.62M
Liquid reserves42.7 mo
3 years on record · 2022–2024 · YoY revenue +980.8%
leadership · form 990 part vii · fy2024

Who runs it

board members · 8
  • BARRY JOHN — BOARD MEMBER
  • CHRISTINA SCHAEFER — BOARD MEMBER
  • JUSTIN MARCHUSKA — VICE-PRESIDENT
  • LESLEY CORNWALL — BOARD MEMBER
  • NATE KELSEY — SECRETARY
  • ROBERT WARHOLIC — PRESIDENT
  • SALLY COLLETTI — BOARD MEMBER
  • TAMI ROBINSON — BOARD MEMBER
strategies · 3

How they approach the work

Named approaches extracted from this org’s sources. Where others share an approach, follow it to see the full set of orgs running it.