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New York BBB Wise Giving Report for
Community Resource Exchange

A BBB Accredited charity


  • Meets all standards

Expiration Date:
Community Resource Exchange
42 Broadway
20th Floor
New York, NY 10004
Web Site:
Year, State Incorporated:
1981, New York
Stated Purpose:
" Helps 300 organizations fight poverty and champion social justice issues each year. CRE works with both emerging organization and well-established institutions in neighborhoods where resources and opportunities are limited. With CRE's help, nonprofit leaders develop the tools they need to help their organizations and improve the neighborhoods in which they live. "

Evaluation Conclusions

Community Resource Exchange (CRE) meets the 20 Standards for Charity Accountability.


Community Resource Exchange (CRE) is a nonprofit consulting firm that guides organizations through planning, financial management, fundraising, Board and leadership development and human resources management. CRE believes that community-based organizations are the most effective engines of local and social change. CRE partners, consults and trains with organizations to make sure they have the information, resources and skills they need to maximize their impact.


Chief Executive Officer:
Ms. Holly Delany Cole & Ms. Valyrie Laedlein, Co-Directors
Chair of the Board:
Ms. Patricia Hewitt
Chair's Profession / Business Affiliation:
Retired Attorney / Ingram, Yuzek, Gainen, Carroll and Bertolotti, LLP
Board Size:
Paid Staff Size:

*Compensation is per Co-Director and includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.

Fund Raising

Method(s) Used:

Direct mail appeals, invitations to fund raising events, print advertisements (newspapers, magazines, etc.), grant proposals, internet
Fund raising costs were 1.2% of related contributions. (Related contributions, which totaled $1,008,223, are donations received as a result of fund raising activities.)

Tax Status

This organization is tax-exempt under section 501(c)(3) of the Internal Revenue Code. It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.


The following information is based on CRE's Audited Financial Statements for the fiscal year ended September 30, 2012.

Source of Funds  

Foundation and corporate grants


Government grants and contracts


Consulting fees




In-kind contributions


Rental income


Investment income


Special events, net


Total Income


Program Expenses  

Program Services

Total Program Expenses:
Fund Raising Expenses
Administrative Expenses

Total expenses

Expenses in Excess of Income




Uses of Funds as a % of Total Expenses

Programs: 76%  Fund Raising: %  Administrative 24% 
Roll the cursor over the pie chart to see the dollar amounts.

Beginning net assets $3,960,723
Ending net assets 3,103,908
Total liabilities 198,629

Total assets



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This report is not to be used for fundraising or promotional purposes and may not be reproduced or distributed in whole or in part.