Civic Intelligence

Canal Park Development Association Inc

990 • Fiscal year 2018 • EIN 03-0506964

Oct 01, 2017 to Sep 30, 2018 • Filed on Jul 24, 2019

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

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on this filing.

Source year 2018

Liabilities / Revenue

56th percentile

0.00x

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

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Net Margin

84th percentile

30%

Higher net margin than 84% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

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

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Asset Growth

2nd percentile

-100%

Faster asset growth than 2% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Revenue Growth

13th percentile

-41%

Faster revenue growth than 13% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Assets

Down

$0

Down $10,881,574 (-100%) from 2017

Net Assets

Down

$0

Down $10,881,574 (-100%) from 2017

Liabilities

Flat

$0

Flat from 2017

Revenue

Down

$28,230

Down $19,303 (-41%) from 2017

Expenses

Up

$19,717

Up $14,717 (+294%) from 2017

Net Income

Down

$8,513

Down $34,020 (-80%) from 2017

Historical Trend

Balance Sheet Trend

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

2018

Assets$0
Liabilities$0
Net Assets$0

Operations Trend

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

2018

Revenue$28,230
Expenses$19,717
Net Income$8,513
Jump To
Filing Snapshot
Filing Period
Oct 1, 2017 to Sep 30, 2018
Signed
Jul 24, 2019
Return Version
2017v2.3
Gross Receipts
$29,230
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$0▼ $9,506,500
Cash and Non-Interest-Bearing Accounts$240,274$0▼ $240,274
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$10,881,574$0▼ $10,881,574
Other Assets Total$1,134,800$0▼ $1,134,800
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$10,881,574$0▼ $10,881,574
Total Net Assets Fund Balance$10,881,574$0▼ $10,881,574
Total Liabilities and Net Assets / Fund Balance$10,881,574$0▼ $10,881,574
Compensation and Service Providers

Board Members and Trustees

NameTitle
W Christopher Smith Jrwc SmithPresident
Chris VanarsdaleBoard Member
Janet Westonwc SmithBoard Member
Lesley MorrisonjbgBoard Member
Michael StevenscapbidBoard 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
$28,230
Other Revenue
$0
Change in Net Assets
$8,513
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$19,717
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 Legal-$13,400-$13,400
Fees for Services Accounting-$5,281-$5,281
Fees for Services Other-$850-$850
Office Expenses-$186-$186
Total Functional Expenses$0$19,717$0$19,717
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
No
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 11B

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
2019-07-24
Discuss with paid preparer
Yes

Organization Details

Principal Officer
W Christopher Smith Jr
Formed
2001
Legal Domicile
Dc
Voting Board Members
8
Independent Board Members
8
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 XI, LINE 9:

Transfer of assets through merger -10,890,087.

Form 990 Part XII Line 1

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

Raw XML Appendix390 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/TitleTxt1SECRETARY / BOD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER / BOD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt3BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt4BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt5BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt6BOARD MEMBER
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IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/DistributionDt02018-03-22
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IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/StateAbbreviationCd0DC
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IRS990ScheduleN/OwnerOfSuccessorInd00
IRS990ScheduleN/ReceiveCompensationInd00
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IRS990ScheduleN/SupplementalInformationDetail/ExplanationTxt0PERSON(S) INVOLVED: W CHRISTOPHER SMITH, JRBRADLEY FENNELLTERRY BEAUFORDMICHAEL STEVENSJOHN WILSONCHRIS VANARSDALEADRIANNE TODMANROSE OLIPHANTJONATHAN KANESTEVE GREEN
IRS990ScheduleN/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2E:
IRS990/ScheduleORequiredInd01
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/ExplanationTxt4TRANSFER OF ASSETS THROUGH MERGER -10,890,087.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5IN 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 11B
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 XI, LINE 9:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990 PART XII LINE 1
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd01
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0CANAL PARK INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0270919952
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0DC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0PUBLIC PARK
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0LINE 12A, 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/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt010890087
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0FAIR MARKET VALUE
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0CANAL PARK INC
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0R
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd01
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd01
IRS990/TotalAssetsBOYAmt010881574
IRS990/TotalAssetsEOYAmt00
IRS990/TotalAssetsGrp/BOYAmt010881574
IRS990/TotalAssetsGrp/EOYAmt00
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt019717
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt019717
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt010881574
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt00
IRS990/TotalOtherCompensationAmt00
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt028230
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt028230
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt010881574
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt00
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TransactionWithControlEntInd00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt010881574
IRS990/UnrestrictedNetAssetsGrp/EOYAmt00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01100 NEW JERSEY AVE SE NO 1000
IRS990/USAddress/CityNm0WASHINGTON
IRS990/USAddress/StateAbbreviationCd0DC
IRS990/USAddress/ZIPCd020003
IRS990/VotingMembersGoverningBodyCnt08
IRS990/VotingMembersIndependentCnt08
IRS990/WebsiteAddressTxt0WWW.CANALPARKDC.ORG
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0TERRY BEAUFORD
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum02023711220
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-07-24
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/FilingSecurityInformation/AtSubmissionCreationDeviceId0DA39A3EE5E6B4B0D3255BFEF95601890AFD80709
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0AE52A3203D4031C702096EC497AFFA8967FED576
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt065.242.31.146
ReturnHeader/FilingSecurityInformation/IPDt02019-07-24
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0ED
ReturnHeader/FilingSecurityInformation/IPTm014:21:16
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/ReturnTs02019-07-25T06:30:07-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-10-01
ReturnHeader/TaxPeriodEndDt02018-09-30
ReturnHeader/TaxYr02017

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