What Community Foundations does

Community Foundations CDC, Inc., formerly known as Community Development Corp. of Mooresville/South Iredell, is a 501(c)(3) non-profit organization founded in 1997 in partnership with the Town of Mooresville and a group of community leaders. Headquartered in Mooresville, North Carolina, the organization delivers financial education and affordable housing assistance to first-time home buyers and families meeting HUD income guidelines in the Mooresville and South Iredell area of North Carolina.

The organization's core offerings span five integrated services: one-on-one Financial Coaching (budget preparation and credit guidance), Home Buyer Education Classes delivered online through the EHome America platform, Down Payment Assistance in collaboration with NC Housing Finance Agency and the Town of Mooresville, Housing Counseling for budgeting and credit repair, and Single Family Construction of HUD-compliant homes, alongside participation in Tax Credit applications for multifamily needs. The organization has historically developed two subdivisions and various scattered site projects. There is no proprietary technology stack; service delivery relies on human coaching, partner-provided platforms (EHome America), and physical construction activity.

The business model is donation- and grant-funded rather than revenue-generating. Community Foundations provides services at no cost to qualifying families and sustains operations through individual donations (via PayPal on its website), foundation grants, and programmatic support from federal, state, and municipal partners including HUD, NC Housing Finance Agency, the Town of Mooresville, Wells Fargo Foundation, Bank of America, and several regional banks. Pricing is not publicly disclosed because services are free to eligible beneficiaries.

Name

Community Foundations

Legal name

Community Foundations CDC, Inc.

Website

https://cfcdc.org

Company type

Private

Founded year

1997

Operating status

Operating

Headcount range

1–10 employees

Short description

Community Foundations CDC is a 501(c)(3) non-profit in Mooresville, North Carolina, founded in 1997, that provides financial literacy coaching, home buyer education, down payment assistance, and HUD-compliant single-family housing construction to first-time home buyers and low-to-moderate income families in the South Iredell region.

Ownership category

akta.pro rank

Product category

Community Development Financial Services

NAICS

Grantmaking and Giving Services (81321), Educational Services (611)

SIC

Services-Educational Services (8200)

akta.pro primary industry

Community Foundations (BPAGAKAB)

akta.pro secondary industries

Government Mortgage Insurance & Guarantees (FHA/VA/USDA and equivalents) (FSALAJAC), Education Grantmaking Foundations (BPAGAKAK)

Keywords

• Financial literacy education
• Home buyer counseling
• Down payment assistance
• Affordable housing development
• Community development corporation

Headquarters

HQ city

Mooresville

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Supply Chain, Others

Revenue model

1. Donations and Charitable Contributions: The organization relies on donations from individuals and organizations to fund its mission of providing financial education. The website features a PayPal donation option with suggested amounts.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

Community Foundations CDC, Inc. provides free financial education, one-on-one financial coaching, housing counseling, down payment assistance, and constructs single-family homes for income-eligible families. It also delivers online home buyer education classes through EHome America, serving first-time home buyers and low-to-moderate income families in the Mooresville and South Iredell area of North Carolina.

Product overview

Community Foundations CDC, Inc. is a non-profit community development organization offering a suite of financial education and housing assistance services. The core offerings include Financial Coaching (one-on-one budget preparation and credit guidance), Home Buyer Education Classes (online via EHome America), Down Payment Assistance programs (partnering with NC Housing and Town of Mooresville), Single Family Construction (building HUD-compliant homes), and Housing Counseling (budgeting and credit repair support). These services work together to provide individuals and families a foundation through financial education and home ownership encouragement.

Differentiator

Problem solved

Functional benefit

Products and services

• Financial Coaching One-on-one financial coaching services that work with clients to prepare family budgets, identify credit challenges and opportunities, and provide financial literacy education. Intended for individuals and families seeking to improve financial readiness, particularly first-time home buyers.
• Home Buyer Education Classes Online home buyer education classes delivered via the EHome America platform, teaching first-time home buyers about the home purchasing process. Intended for prospective first-time home buyers in the Mooresville and South Iredell area.
• Down Payment Assistance Down payment assistance programs delivered in partnership with NC Housing Finance Agency and the Town of Mooresville, helping first-time buyers with down payment support through local lender programs. Intended for income-qualified first-time home buyers.
• Single Family Home Construction Construction of single family homes for families meeting HUD income guidelines, including participation in Tax Credit applications to address multifamily housing needs in the local area. Intended for income-eligible families seeking affordable homeownership.
• Housing Counseling Direct housing counseling with families to assist with budgeting and credit repair as part of the financial education process. Intended for individuals and families preparing for homeownership.

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

Partnerships

Eight partnerships are on record, tiered core and minor.

• Town of MooresvillecoreStrategic or Co-development PartnerTown of Mooresville partnered with Community Foundations in 1997 to create the organization and encourage community development. The Town collaborates on down payment assistance programs.
• US Department of Housing and Urban Development (HUD)coreStrategic or Co-development PartnerFederal housing agency providing regulatory guidelines and funding support. Community Foundations constructs single family homes for families meeting HUD income guidelines.
• NC Housing Finance AgencycoreStrategic or Co-development PartnerNorth Carolina state housing finance agency. Community Foundations participates as a Community Partner with NC Housing and works with their programs for down payment assistance.
• Iredell CountyminorStrategic or Co-development PartnerLocal county government providing community development support and partnerships for housing initiatives.
• City of Concord (HOME Consortium)minorStrategic or Co-development PartnerPartner through the HOME Consortium for housing development and assistance programs.
• Mooresville Housing AuthorityminorStrategic or Co-development PartnerLocal housing authority partnering on affordable housing initiatives and programs for the community.
• City of StatesvilleminorStrategic or Co-development PartnerNeighboring city partner supporting community development initiatives in the broader Iredell County region.
• EHome AmericacoreTechnology or IntegrationOnline home buyer education platform provider. Community Foundations provides home buyer education classes online through EHome America's platform at https://www.ehomeamerica.org/cfcdc

Scale indicators2 records

Recent moves1 record

Expansion highlights4 records

Broad incumbents

• LISC Charlotte: Charlotte office of Local Initiatives Support Corporation, a national CDFI providing financing and capacity-building to local CDCs. Comparable as a regional funder and capacity-builder for affordable housing nonprofits.
• NeighborWorks America: National network supporting 250+ affordable housing and community development nonprofits with training, lending, and grants. Broad incumbent peer in CDC capacity-building and homebuyer education standards.
• Enterprise Community Partners: National nonprofit developer and investor in affordable housing with significant NC footprint. Comparable in affordable housing development, down payment assistance, and HUD-program-partner work.

Direct peers

• NC Community Development Initiative: Statewide NC nonprofit that builds the capacity of community development corporations and supports affordable housing initiatives. Peer funder/peer organization supporting similar LMI housing and community development work.
• Charlotte Mecklenburg Housing Partnership: Regional CDC developing and preserving affordable rental and for-sale housing in the Charlotte metro. Comparable in single-family construction, down payment assistance, and homebuyer education serving the same geographic region.
• Self-Help Credit Union / Self-Help Ventures Fund: Durham, NC-based CDFI providing mortgages, down payment assistance, and financial education to underserved borrowers across North Carolina. Highly comparable mission and integrated education-to-homeownership model.
• Reinvestment Partners: Durham, NC-based nonprofit focused on affordable housing, healthy food access, and community development financing. Comparable as a NC-headquartered community development organization serving LMI populations.
• Habitat for Humanity of the Charlotte Region: Charlotte-region Habitat affiliate building affordable single-family homes for LMI families using a volunteer-construction model. Direct peer in affordable housing development and homebuyer education serving the same regional market.

Regional players

• Piedmont Triad Regional Council: Regional planning and community development organization serving a different NC region. Comparable as a regionally-focused community development entity providing housing counseling and related services.

Others

• EHome America: Online home buyer education platform whose curriculum is delivered through partner CDCs. Ecosystem/technology partner rather than a direct competitor, but integral to the subject company's education delivery.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights5 records

Customer concentration

• Facebookfacebook.com/profile.php

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Community Foundations