Civic Intelligence

Canal Park Development Association Inc

990 • Fiscal year 2016 • EIN 03-0506964

Oct 01, 2015 to Sep 30, 2016 • Filed on Jul 27, 2017

Organization ProfileWWW.CANALPARKDC.ORG
1100 New Jersey Ave SE No 1000Washington, DC 20003

(202) 371-1220

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

4th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Liabilities / Revenue

4th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Net Margin

98th percentile

89%

Higher net margin than 98% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Top Officer Pay

12th percentile

$0

Higher top officer pay than 12% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Asset Growth

43rd percentile

0.4%

Faster asset growth than 43% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2015 to 2016

Revenue Growth

40th percentile

0.0%

Faster revenue growth than 40% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets4th percentile

Assets

Up

$10,839,041

Up $42,453 (+0.4%) from 2015

Net Assets

Up

$10,839,041

Up $42,453 (+0.4%) from 2015

Liabilities

Flat

$0

Flat from 2015

Revenue And Expenses
Liabilities / Revenue4th percentileNet Margin98th percentile

Revenue

Up

$47,533

Up $1 (+0.0%) from 2015

Expenses

Up

$5,080

Up $80 (+1.6%) from 2015

Net Income

Down

$42,453

Down $79 (-0.2%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth43rd percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$20M$15M$10M$5.0M$0Assets 2011: $19,922,006Liabilities 2011: $0Net Assets 2011: $19,922,0062011Assets 2012: $10,473,045Liabilities 2012: $49,760Net Assets 2012: $10,423,2852012Assets 2013: $10,706,602Liabilities 2013: $0Net Assets 2013: $10,706,6022013Assets 2014: $10,754,056Liabilities 2014: $0Net Assets 2014: $10,754,0562014Assets 2015: $10,796,588Liabilities 2015: $0Net Assets 2015: $10,796,5882015Assets 2016: $10,839,041Liabilities 2016: $0Net Assets 2016: $10,839,0412016Assets 2017: $10,881,574Liabilities 2017: $0Net Assets 2017: $10,881,5742017Assets 2018: $0Liabilities 2018: $0Net Assets 2018: $02018

Highlighted filing

2016

Assets$10,839,041
Liabilities$0
Net Assets$10,839,041
Open 2016 Filing

Operations Trend

Revenue Growth40th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$800K$600K$400K$200K$0Revenue 2011: $746,790Expenses 2011: $123Net Income 2011: $746,6672011Expenses 2012: $2,7442012Revenue 2013: $297,593Expenses 2013: $14,276Net Income 2013: $283,3172013Revenue 2014: $47,535Expenses 2014: $81Net Income 2014: $47,4542014Revenue 2015: $47,532Expenses 2015: $5,000Net Income 2015: $42,5322015Revenue 2016: $47,533Expenses 2016: $5,080Net Income 2016: $42,4532016Revenue 2017: $47,533Expenses 2017: $5,000Net Income 2017: $42,5332017Revenue 2018: $28,230Expenses 2018: $19,717Net Income 2018: $8,5132018

Highlighted filing

2016

Revenue$47,533
Expenses$5,080
Net Income$42,453
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2015 to Sep 30, 2016
Signed
Jul 27, 2017
Return Version
2015v3.0
Gross Receipts
$47,533
Mission and Program Overview

Mission

To promote, the management of green-space and public park for community, civic, and public use in southeast washington, d.c.

Promote mgmt of green-space/public park for commnty,civic & public use in se d.c.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$9,506,500$9,506,500→ $0
Cash and Non-Interest-Bearing Accounts$262,087$245,274▼ $16,813
Total Assets$10,796,588$10,839,041▲ $42,453
Other Assets Total$1,028,001$1,087,267▲ $59,266
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$10,796,588$10,839,041▲ $42,453
Total Net Assets Fund Balance$10,796,588$10,839,041▲ $42,453
Total Liabilities and Net Assets / Fund Balance$10,796,588$10,839,041▲ $42,453

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$1,087,267--
Compensation and Service Providers
Top Officer Pay12th percentile

Board Members and Trustees

NameTitle
W Christopher Smith Jrwc SmithPresident
Adrianne TodmandchaBoard Member
Chris VanarsdaleBoard Member
John WilsonjbgBoard Member
Jonathan KanedchaBoard Member
Michael StevenscapbidBoard Member
Rose OliphantdchaBoard Member
Steve GreenBoard Member
Bradley Fennellwc SmithSecretary / Bod Member
Terry Beaufordwc SmithTreasurer / Bod Member
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$47,533
Other Revenue
$0
Change in Net Assets
$42,453
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$5,080
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Accounting-$5,080-$5,080
Total Functional Expenses$0$5,080$0$5,080
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

“Business relationship the organization's president is an officer and a majority shareholder of william c. Smith & co., a washington d.c property management company, where the organization's secretary and treasurer are also affiliated as officers. The organization's officers are not compensated by canal park development association, inc.”

Form 990, Part VI, Section B, Line 11

“Review of form 990 the organization's form 990 is prepared by an independent accounting firm and reviewed by its officers and board of directors before filing with the irs.”

Form 990, Part VI, Section B, Line 12C

“Conflict of interest policy each board member signs the conflict of interest statement and returns the form at the annual meeting. Any reported conflicts of interest are managed on a case by case basis.”

Form 990, Part VI, Section C, Line 19

“Availability of certain documents the organization makes its governing documents and financial statements available to the public upon reasonable request.”

Filing and Contact Details

Filer

Filer Name
Canal Park Development Association Inc
EIN
03-0506964
Phone
2023711220
Address
1100 NEW JERSEY AVE SE NO 1000, WASHINGTON, DC 20003

Signing Officer

Name
Terry Beauford
Title
Treasurer
Phone
2023711220
Signed
2017-07-27
Discuss with paid preparer
Yes

Organization Details

Principal Officer
W Christopher Smith Jr
Formed
2001
Legal Domicile
Dc
Voting Board Members
10
Independent Board Members
10
Employees
0
Volunteers
0

Preparer

Firm
Aronson LLC
Address
805 KING FARM BLVD 3RD FLOOR, ROCKVILLE, MD 20850
Preparer
Robert Eby CPA
Phone
3012316200
Supplemental Narrative

Additional Explanations

Form 990 , Part XII Line 1

“In 2016, management adopted a policy of preparing its financial statements using the tax basis of accounting.”

Financial Statement Notes

PART X, LINE 2:

“Financial statement footnote in regards to fin 48 (asc 740) the organization evaluates uncertainty in income tax positions based on a more-likely-than-not recognition standard. If that threshold is met, the tax position is then measured at the largest amount that is greater than 50% likely of being realized upon ultimate settlement. As of september 30, 2016 and 2015, there are no accruals for uncertain tax positions. If applicable, the organization records interest and penalties as a component of income tax expense. Tax years from 2013 through the current year remain open for examination by tax authorities.”

Raw XML Appendix359 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/PersonNm3MICHAEL STEVENSCAPBID
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IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1SECRETARY / BOD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER / BOD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt3BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt4BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt5BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt6BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt7BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt8BOARD MEMBER
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IRS990/GrantsToOrganizationsInd00
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0FINANCIAL STATEMENT FOOTNOTE IN REGARDS TO FIN 48 (ASC 740) THE ORGANIZATION EVALUATES UNCERTAINTY IN INCOME TAX POSITIONS BASED ON A MORE-LIKELY-THAN-NOT RECOGNITION STANDARD. IF THAT THRESHOLD IS MET, THE TAX POSITION IS THEN MEASURED AT THE LARGEST AMOUNT THAT IS GREATER THAN 50% LIKELY OF BEING REALIZED UPON ULTIMATE SETTLEMENT. AS OF SEPTEMBER 30, 2016 AND 2015, THERE ARE NO ACCRUALS FOR UNCERTAIN TAX POSITIONS. IF APPLICABLE, THE ORGANIZATION RECORDS INTEREST AND PENALTIES AS A COMPONENT OF INCOME TAX EXPENSE. TAX YEARS FROM 2013 THROUGH THE CURRENT YEAR REMAIN OPEN FOR EXAMINATION BY TAX AUTHORITIES.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
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IRS990/ScheduleJRequiredInd00
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0BUSINESS RELATIONSHIP THE ORGANIZATION'S PRESIDENT IS AN OFFICER AND A MAJORITY SHAREHOLDER OF WILLIAM C. SMITH & CO., A WASHINGTON D.C PROPERTY MANAGEMENT COMPANY, WHERE THE ORGANIZATION'S SECRETARY AND TREASURER ARE ALSO AFFILIATED AS OFFICERS. THE ORGANIZATION'S OFFICERS ARE NOT COMPENSATED BY CANAL PARK DEVELOPMENT ASSOCIATION, INC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1REVIEW OF FORM 990 THE ORGANIZATION'S FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM AND REVIEWED BY ITS OFFICERS AND BOARD OF DIRECTORS BEFORE FILING WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2CONFLICT OF INTEREST POLICY EACH BOARD MEMBER SIGNS THE CONFLICT OF INTEREST STATEMENT AND RETURNS THE FORM AT THE ANNUAL MEETING. ANY REPORTED CONFLICTS OF INTEREST ARE MANAGED ON A CASE BY CASE BASIS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3AVAILABILITY OF CERTAIN DOCUMENTS THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REASONABLE REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4IN 2016, MANAGEMENT ADOPTED A POLICY OF PREPARING ITS FINANCIAL STATEMENTS USING THE TAX BASIS OF ACCOUNTING.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990 , PART XII LINE 1
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0270919952
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0DC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0PUBLIC PARK
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0LINE 11A, I
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt01100 NEW JERSEY AVE SE 1000
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0WASHINGTON
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0DC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd020003
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd01
IRS990ScheduleR/PaidEmployeesSharingInd01
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt013365000
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0FMV
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0CANAL PARK INC
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0D
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt010796588
IRS990/TotalAssetsEOYAmt010839041
IRS990/TotalAssetsGrp/BOYAmt010796588
IRS990/TotalAssetsGrp/EOYAmt010839041
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt05080
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt05080
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt010796588
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt010839041
IRS990/TotalOtherCompensationAmt00
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt047533
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt047533
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt010796588
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt010839041
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TransactionWithControlEntInd00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt010796588
IRS990/UnrestrictedNetAssetsGrp/EOYAmt010839041
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01100 NEW JERSEY AVE SE NO 1000
IRS990/USAddress/CityNm0WASHINGTON
IRS990/USAddress/StateAbbreviationCd0DC
IRS990/USAddress/ZIPCd020003
IRS990/VotingMembersGoverningBodyCnt010
IRS990/VotingMembersIndependentCnt010
IRS990/WebsiteAddressTxt0WWW.CANALPARKDC.ORG
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0TERRY BEAUFORD
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum02023711220
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-07-27
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0CANAL PARK DEVELOPMENT ASSOCIATION INC
ReturnHeader/Filer/BusinessNameControlTxt0CANA
ReturnHeader/Filer/EIN0030506964
ReturnHeader/Filer/PhoneNum02023711220
ReturnHeader/Filer/USAddress/AddressLine1Txt01100 NEW JERSEY AVE SE NO 1000
ReturnHeader/Filer/USAddress/CityNm0WASHINGTON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0DC
ReturnHeader/Filer/USAddress/ZIPCd020003
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0371611326
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0ARONSON LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0805 KING FARM BLVD 3RD FLOOR
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0ROCKVILLE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd020850
ReturnHeader/PreparerPersonGrp/PhoneNum03012316200
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ROBERT EBY CPA
ReturnHeader/ReturnTs02017-07-31T13:49:16-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-10-01
ReturnHeader/TaxPeriodEndDt02016-09-30
ReturnHeader/TaxYr02015

Document Assets

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Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$10,839,041
Liabilities
$0
Net assets
$10,839,041
Revenue
$47,533
Expenses
$5,080
Net income
$42,453
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.00$0.00$0.00$0.03$0.02$0.01
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$10.9$0.00$10.9$0.05$0.01$0.04
2016Detailed filing. Detailed filing data is available for this year.$10.8$0.00$10.8$0.05$0.01$0.04
2015Detailed filing. Detailed filing data is available for this year.$10.8$0.00$10.8$0.05$0.01$0.04
2014Detailed filing. Detailed filing data is available for this year.$10.8$0.00$10.8$0.05$0.00$0.05
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.7$0.00$10.7$0.30$0.01$0.28
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.5$0.05$10.4$0.00
2011Summary only. Only limited summary data is available for this year.$19.9$0.00$19.9$0.75$0.00$0.75