Civic Intelligence

Chinese Economic Development Council Inc

EIN 04-2565019 • 501(c)3 • Boston, MA

Profile

To promote, assist, and coordinate the economic physical and social development of chinese communities, primarily in boston, mass.

65 Harrison Ave 7th FloorBoston, MA 02111

cedc-boston.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

43rd percentile

0.08x

Higher debt load relative to assets than 43% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Liabilities / Revenue

75th percentile

0.52x

Higher debt load relative to revenue than 75% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Net Margin

99th percentile

99%

Higher net margin than 99% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

75th percentile

17%

Faster asset growth than 75% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Revenue Growth

94th percentile

120%

Faster revenue growth than 94% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Assets

Up

$6,173,437

Up $879,810 (+17%) from 2023

Liabilities

Up

$491,198

Up $330,477 (+206%) from 2023

Net Assets

Up

$5,682,239

Up $549,333 (+11%) from 2023

Revenue

Up

$945,992

Up $516,434 (+120%) from 2023

Expenses

Up

$11,901

Up $7,867 (+195%) from 2023

Net Income

Up

$934,091

Up $508,567 (+120%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$8.0M$6.0M$4.0M$2.0M$0Assets 2010: $2,009,122Liabilities 2010: $405,092Net Assets 2010: $1,604,0302010Assets 2011: $2,120,187Liabilities 2011: $496,092Net Assets 2011: $1,624,0952011Assets 2012: $2,509,427Liabilities 2012: $856,373Net Assets 2012: $1,653,0542012Assets 2013: $2,551,783Liabilities 2013: $856,371Net Assets 2013: $1,695,4122013Assets 2014: $2,589,728Liabilities 2014: $886,373Net Assets 2014: $1,703,3552014Assets 2015: $2,611,592Liabilities 2015: $886,873Net Assets 2015: $1,724,7192015Assets 2016: $2,600,187Liabilities 2016: $886,873Net Assets 2016: $1,713,3142016Assets 2017: $4,166,195Liabilities 2017: $886,875Net Assets 2017: $3,279,3202017Assets 2018: $4,375,501Liabilities 2018: $886,875Net Assets 2018: $3,488,6262018Assets 2019: $3,989,507Liabilities 2019: $145,720Net Assets 2019: $3,843,7872019Assets 2020: $4,406,400Liabilities 2020: $171,856Net Assets 2020: $4,234,5442020Assets 2021: $4,632,952Liabilities 2021: $171,856Net Assets 2021: $4,461,0962021Assets 2022: $4,891,190Liabilities 2022: $145,720Net Assets 2022: $4,745,4702022Assets 2023: $5,293,627Liabilities 2023: $160,721Net Assets 2023: $5,132,9062023Assets 2024: $6,173,437Liabilities 2024: $491,198Net Assets 2024: $5,682,2392024

Highlighted filing

2024

Assets$6,173,437
Liabilities$491,198
Net Assets$5,682,239

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$1.0M$500K$0-$500KExpenses 2010: $11,5052010Revenue 2011: $28,914Expenses 2011: $8,849Net Income 2011: $20,0652011Expenses 2012: $4,1702012Revenue 2013: $47,409Expenses 2013: $5,051Net Income 2013: $42,3582013Revenue 2014: $17,584Expenses 2014: $9,641Net Income 2014: $7,9432014Revenue 2015: $26,765Expenses 2015: $5,401Net Income 2015: $21,3642015Revenue 2016: $28,371Expenses 2016: $39,775Net Income 2016: -$11,4042016Revenue 2017: $34,820Expenses 2017: $72,989Net Income 2017: -$38,1692017Revenue 2018: $282,124Expenses 2018: $72,818Net Income 2018: $209,3062018Revenue 2019: $355,897Expenses 2019: $736Net Income 2019: $355,1612019Revenue 2020: $142,048Expenses 2020: $196Net Income 2020: $141,8522020Revenue 2021: $211,297Expenses 2021: $15,470Net Income 2021: $195,8272021Revenue 2022: $354,559Expenses 2022: $8,800Net Income 2022: $345,7592022Revenue 2023: $429,558Expenses 2023: $4,034Net Income 2023: $425,5242023Revenue 2024: $945,992Expenses 2024: $11,901Net Income 2024: $934,0912024

Highlighted filing

2024

Revenue$945,992
Expenses$11,901
Net Income$934,091

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.17$0.49$5.68$0.95$0.01$0.93
2023Detailed filing. Detailed filing data is available for this year.$5.29$0.16$5.13$0.43$0.00$0.43
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.89$0.15$4.75$0.35$0.01$0.35
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.63$0.17$4.46$0.21$0.02$0.20
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.41$0.17$4.23$0.14$0.00$0.14
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.99$0.15$3.84$0.36$0.00$0.36
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.38$0.89$3.49$0.28$0.07$0.21
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.17$0.89$3.28$0.03$0.07$0.04
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.60$0.89$1.71$0.03$0.04$0.01
2015Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$2.61$0.89$1.72$0.03$0.01$0.02
2014Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$2.59$0.89$1.70$0.02$0.01$0.01
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.55$0.86$1.70$0.05$0.01$0.04
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.51$0.86$1.65$0.00
2011Summary only. Only limited summary data is available for this year.$2.12$0.50$1.62$0.03$0.01$0.02
2010XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.01$0.41$1.60$0.01
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
May 15, 2025
Return Version
2024v5.0
Gross Receipts
$945,992
Mission and Program Overview

Mission

To promote, assist, and coordinate the economic physical and social development of chinese communities, primarily in boston, mass.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$2,258,326$2,258,326→ $0
Savings and Temporary Cash Investments$887,627$1,515,741▲ $628,114
Investments in Publicly Traded Securities$912,155$896,892▼ $15,263
Cash and Non-Interest-Bearing Accounts$198,519$295,478▲ $96,959
Total Assets$5,293,627$6,173,437▲ $879,810
Other Assets Total$1,037,000$1,207,000▲ $170,000
Liabilities
Other Liabilities$134,708$465,185▲ $330,477
Unsecured Notes Loans Payable$26,013$26,013→ $0
Total Liabilities$160,721$491,198▲ $330,477
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$5,132,906$5,682,239▲ $549,333
Total Net Assets Fund Balance$5,132,906$5,682,239▲ $549,333
Total Liabilities and Net Assets / Fund Balance$5,293,627$6,173,437▲ $879,810

Asset Categories

AssetBook ValueDepreciationBasis
Equipment-$5,425$5,425
Other Assets Org$1,207,000--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Edward ChiangChairman
Allen ChinVice Chairma
Al ChaoDirector
Angela YangDirector
Chutze ChouDirector
Felix LuiDirector
Margaret ChenDirector
Paul ChanDirector
Rosemary LamDirector
Wanchin ChouDirector
Robert WangClerk
Marianna S RiemerTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$88,953
Program Service Revenue
$746,231
Investment Income
$110,808
Other Revenue
$0
Change in Net Assets
$934,091
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$11,901
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-$11,482-$11,482
Fees for Services Other-$419-$419
Total Functional Expenses$0$11,901$0$11,901
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Affiliate - Cedc Realty Inc$465,185
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Business relationship with 35% controlled entity
No
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
No
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 7A

Board members nominate, vote and elect new board members.

Form 990, Page 6, Part VI, Line 11B

Executive board reviews the return before filing form 990

Form 990, Page 6, Part VI, Line 19

Documents are available at the corporate offices during regular business hours.

Filing and Contact Details

Filer

Filer Name
Chinese Economic Development
EIN
04-2565019
Phone
6174821011
Address
65 HARRISON AVE 7TH FLOOR, BOSTON, MA 02111

Signing Officer

Name
Edward Chiang
Title
Chairman
Phone
6174821011
Signed
2025-05-15

Organization Details

Principal Officer
Edward Chiang
Formed
1974
Legal Domicile
Ma
Voting Board Members
12
Independent Board Members
12
Employees
0

Preparer

Firm
Leonard Noor & Company Pc
Address
1500 BOSTON PROVIDENCE TPKE STE 34, NORWOOD, MA 02062
Preparer
William B Ford CPA
Phone
7816030553
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

Oxford place limited partnership k-1 -433,416

Raw XML Appendix369 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.

Path#Value
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IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine2Txt0CEDC INC
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IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0465185
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO AFFILIATE - CEDC REALTY INC
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0BOARD MEMBERS NOMINATE, VOTE AND ELECT NEW BOARD MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1EXECUTIVE BOARD REVIEWS THE RETURN BEFORE FILING FORM 990
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DOCUMENTS ARE AVAILABLE AT THE CORPORATE OFFICES DURING REGULAR BUSINESS HOURS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3OXFORD PLACE LIMITED PARTNERSHIP K-1 -433,416
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART XI, LINE 9
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IRS990/TotalProgramServiceRevenueAmt0746231
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0857039
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0945992
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt05293627
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IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt026013
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IRS990/USAddress/AddressLine1Txt08 ALICE DR
IRS990/USAddress/CityNm0WAYLAND
IRS990/USAddress/StateAbbreviationCd0MA
IRS990/USAddress/ZIPCd001778
IRS990/VotingMembersGoverningBodyCnt012
IRS990/VotingMembersIndependentCnt012
IRS990/WebsiteAddressTxt0CEDC-BOSTON.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/PersonNm0EDWARD CHIANG
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHAIRMAN
ReturnHeader/BusinessOfficerGrp/PhoneNum06174821011
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-05-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0CHINESE ECONOMIC DEVELOPMENT
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0COUNCIL INC
ReturnHeader/Filer/BusinessNameControlTxt0CHIN
ReturnHeader/Filer/EIN0042565019
ReturnHeader/Filer/PhoneNum06174821011
ReturnHeader/Filer/USAddress/AddressLine1Txt065 HARRISON AVE 7TH FLOOR
ReturnHeader/Filer/USAddress/CityNm0BOSTON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MA
ReturnHeader/Filer/USAddress/ZIPCd002111
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0false
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0043220874
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0LEONARD NOOR & COMPANY PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01500 BOSTON PROVIDENCE TPKE STE 34
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0NORWOOD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd002062
ReturnHeader/PreparerPersonGrp/PhoneNum07816030553
ReturnHeader/PreparerPersonGrp/PreparationDt02025-05-23
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0WILLIAM B FORD CPA
ReturnHeader/ReturnTs02025-06-17T06:06:46-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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