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How To Create A Community Development Corporation

Impact your city

Start a community development corporation
and reach your community like never before.

How you can bless your community

What needs do you see in your community? How is God calling you to reach those needs?

It's not always easy to get the funding and partnerships you need to reach your city when you're running a church or ministry. And without funding, it can be hard to achieve the dreams you have for your community. The solution to the problem is to start a community development corporation!

GET MY DREAM STARTED

What is a Community Development Corporation?

A community development corporation (CDC) is a secondary corporation that can be used to accomplish the dreams and vision that a church cannot always accomplish alone. A CDC is not an alternate funding source but a separate corporation, run by church members, to reach the needs of your city through the use of governmental grants. By establishing a separate outreach organization, like a CDC, you can apply for grants and seek partnerships that churches and ministries are not always able to receive.

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Over 900 CDCs started

At StartCHURCH, we understand that sometimes it's hard for churches and ministries to get the funding they need to reach their community in a new way. It is our passion to help pastors and ministry leaders expand their reach in the community. That's why we are committed to helping leaders like you start CDCs with a solid legal foundation.

Check out some of the CDCs we have helped get started!

See StartCHURCH Stories

Start your CDC in three simple steps

Don't let the legal process hinder you from being a blessing to your community. Get the confidence you need to start right in three simple steps.

Give Us a Call

1. Give us a call

Call 844-921-5459 and ask to speak with one of our specialists. They will help you assess your needs and will give you a quote to match.

We'll get to work

2. We'll get to work

Our consultants will handle the heavy lifting for you. Between state and federal paperwork, they will work closely with you to gather the necessary information to prepare everything you need.

Lead with confidence

3. Lead with confidence

After collecting your completed documents from your consultant, you are all set! You can lead your community development corporation with confidence knowing you and your vision are protected.

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Everything you need for a strong foundation

You don't have to tackle compliance on your own. With the StartRIGHT Service, we will partner with you to make sure you get everything you need to start right. Our specialists will work with you for your CDC to obtain:

Incorporation*

Articles of incorporation provide a strong legal shield, ensuring limited legal liability, and protect you and your board. Your assigned specialist will work with you to make sure you have the proper wording in your articles of incorporation so your state incorporates your CDC with ease.

FEIN

With a FEIN, you can open a bank account for your CDC. It also provides identification for your organization for business and federal purposes. With the StartRIGHT Service, we will make sure you apply for the correct type of FEIN for your CDC, so opening a bank account is easy.

Bylaws*

Bylaws outline the governing structure of your CDC. They also protect your vision and your board members. Your assigned specialist will work with you to make sure you create bylaws that provide maximized protection and the best possible governing structure for your CDC.

Policies

Essential policies and procedures help establish and protect your board of directors, staff, and volunteers. With the StartRIGHT Service, you will receive customizable policies and procedures to help your CDC run as smooth as possible.

Tax-Exempt Status

Getting federal tax-exempt status provides many benefits, including the ability to offer contribution statements to your donors. Your assigned specialist will work with you to prepare your application for 501(c)(3) status, saving you more than 100 hours! Plus, with the StartRIGHT Service, we guarantee your approval from the IRS or your money back.

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*StartCHURCH provides clerical assistance to help you process your own articles of incorporation and prepare your own bylaws. StartCHURCH does not provide legal advice.

Get 501(c)(3) tax-exempt status

Obtaining 501(c)(3) tax-exempt status has always been an intimidating process until now! The StartRIGHT Service makes it easy for CDCs and nonprofits to get tax-exempt status. There are many benefits to getting 501(c)(3) status:

  • Exemption from federal income tax
  • Tax-deductible contributions
  • Exemption from federal unemployment tax
  • and much more!

GET MY DREAM STARTED

How To Create A Community Development Corporation

Source: https://www.startchurch.com/services/community-development-corporation

Posted by: byrdcasent.blogspot.com

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