Civic Intelligence

Chinese Economic Development Council Inc.

990 • Fiscal year 2017 • EIN 04-2565019

Oct 01, 2016 to Sep 30, 2017 • Filed on Dec 28, 2017

Organization ProfileN/A
65 Harrison AvenueBoston, MA 02111

(617) 482-1011

Siviq Scores

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

Liabilities / Assets

64th percentile

0.21x

Higher debt load relative to assets than 64% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

99th percentile

25.47x

Higher debt load relative to revenue than 99% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

3rd percentile

-110%

Higher net margin than 3% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

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

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Asset Growth

92nd percentile

60%

Faster asset growth than 92% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

75th percentile

23%

Faster revenue growth than 75% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets64th percentile

Assets

Up

$4,166,195

Up $1,566,008 (+60%) from 2016

Net Assets

Up

$3,279,320

Up $1,566,006 (+91%) from 2016

Liabilities

Up

$886,875

Up $2 (+0.0%) from 2016

Revenue And Expenses
Liabilities / Revenue99th percentileNet Margin3rd percentile

Revenue

Up

$34,820

Up $6,449 (+23%) from 2016

Expenses

Up

$72,989

Up $33,214 (+84%) from 2016

Net Income

Down

-$38,169

Down $26,765 (-235%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth92nd percentile

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

$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

2017

Assets$4,166,195
Liabilities$886,875
Net Assets$3,279,320
Open 2017 Filing

Operations Trend

Revenue Growth75th percentile

Revenue, expenses, and net income across loaded years, with this 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

2017

Revenue$34,820
Expenses$72,989
Net Income-$38,169
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2016 to Sep 30, 2017
Signed
Dec 28, 2017
Return Version
2016v3.1
Gross Receipts
$34,820
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$2,250,602$2,279,692▲ $29,090
Intangible Assets$1,319,100$977,727▼ $341,373
Cash and Non-Interest-Bearing Accounts$258,160$392,823▲ $134,663
Savings and Temporary Cash Investments$51,502$68,628▲ $17,126
Total Assets$4,204,364$4,166,195▼ $38,169
Other Assets Total$325,000$447,325▲ $122,325
Liabilities
Other Liabilities$886,875$886,875→ $0
Total Liabilities$886,875$886,875→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$3,317,489$3,279,320▼ $38,169
Total Net Assets Fund Balance$3,317,489$3,279,320▼ $38,169
Total Liabilities and Net Assets / Fund Balance$4,204,364$4,166,195▼ $38,169

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings-$5,425$5,425
Other Assets Org$122,325--
Compensation and Service Providers
Top Officer Pay35th percentile

Board Members and Trustees

NameTitle
Edward ChiangPresident
Al ChaoBoard Member
Amy GuenBoard Member
Angela YangBoard Member
Chu Tze ChouBoard Member
Felix LuiBoard Member
Frank WongBoard Member
Jimin RenBoard Member
Margaret ChenBoard Member
Paul ChanBoard Member
Robert WangBoard Member
Rosemary LamBoard Member
Sarinna ChiangBoard Member
Wanchin ChouBoard Member
Wey HsiaoBoard Member
Frank ChenClerk
Marianna S RiemerTreasurer
Allen ChinVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$34,820
Other Revenue
$0
Change in Net Assets
$-38,169
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$72,989
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
Depreciation Depletion$72,529--$72,529
Other Expenses$2--$2
Insurance$-47--$-47
Total Functional Expenses$72,989$0$0$72,989
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$860,862
Loan Payable to City of Boston$26,013
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
No
Backup withholding compliance
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

“Executive borad reviews the return before filing.”

Form 990, Page 6, Part VI, Line 19

“No documents available to the public”

Filing and Contact Details

Filer

Filer Name
Chinese Economic Development
EIN
04-2565019
Phone
6174821011
Address
65 HARRISON AVENUE, BOSTON, MA 02111

Signing Officer

Name
Edward Chiang
Title
President
Phone
6174821011
Signed
2017-12-28

Organization Details

Principal Officer
Edward Chiang
Formed
1974
Legal Domicile
Ma
Voting Board Members
18
Independent Board Members
18
Employees
3

Preparer

Firm
W a Leonard & Co Pc
Address
1500 BOSTON PROVIDENCE TPKE STE 36, NORWOOD, MA 02062-4631
Preparer
William a Leonard CPA
Phone
7817622027
Supplemental Narrative

Additional Explanations

Form 990, Page 1, Item B

“Prior year tax return was amended due to sale of low income housing tax credits and creation of a note receivable. This amended tax filing is simply to restate the balance sheets for both years. Not change is made to either income/expense.”

Raw XML Appendix392 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/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt028371
IRS990/PYOtherExpensesAmt039775
IRS990/PYOtherRevenueAmt01604175
IRS990/PYRevenuesLessExpensesAmt01592771
IRS990/PYTotalExpensesAmt039775
IRS990/PYTotalRevenueAmt01632546
IRS990/ReconcilationRevenueExpnssAmt0-38169
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/SavingsAndTempCashInvstGrp/BOYAmt051502
IRS990/SavingsAndTempCashInvstGrp/EOYAmt068628
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0600
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0600
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0336975
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0216874
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt028371
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt026765
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt054050
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0663035
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt034820
IRS990ScheduleA/PrivateFoundation170Ind0X
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.00090
IRS990ScheduleA/PublicSupportPY170Pct00.02690
IRS990ScheduleA/PublicSupportTotal170Amt0600
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0600
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0600
IRS990ScheduleA/TotalSupportAmt0677875
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus3YearsAmt014240
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt014240
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0325000
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1122325
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0DUE FROM OXFORD PING
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1DUE FROM INVESTMENT PARTNERS
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt05425
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt05425
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0860862
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt126013
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO AFFILIATE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1LOAN PAYABLE TO CITY OF BOSTON
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0447325
IRS990ScheduleD/TotalLiabilityAmt0886875
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0false
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0PRIOR YEAR TAX RETURN WAS AMENDED DUE TO SALE OF LOW INCOME HOUSING TAX CREDITS AND CREATION OF A NOTE RECEIVABLE. THIS AMENDED TAX FILING IS SIMPLY TO RESTATE THE BALANCE SHEETS FOR BOTH YEARS. NOT CHANGE IS MADE TO EITHER INCOME/EXPENSE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1EXECUTIVE BORAD REVIEWS THE RETURN BEFORE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2NO DOCUMENTS AVAILABLE TO THE PUBLIC
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 1, ITEM B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0MA
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt04204364
IRS990/TotalAssetsEOYAmt04166195
IRS990/TotalAssetsGrp/BOYAmt04204364
IRS990/TotalAssetsGrp/EOYAmt04166195
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt03
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt072989
IRS990/TotalFunctionalExpensesGrp/TotalAmt072989
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0886875
IRS990/TotalLiabilitiesEOYAmt0886875
IRS990/TotalLiabilitiesGrp/BOYAmt0886875
IRS990/TotalLiabilitiesGrp/EOYAmt0886875
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt03317489
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt03279320
IRS990/TotalProgramServiceExpensesAmt072989
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt034820
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt034820
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt04204364
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt04166195
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt03317489
IRS990/UnrestrictedNetAssetsGrp/EOYAmt03279320
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt010 HAMMER STREET
IRS990/USAddress/CityNm0WALTHAM
IRS990/USAddress/StateAbbreviationCd0MA
IRS990/USAddress/ZIPCd002452
IRS990/VotingMembersGoverningBodyCnt018
IRS990/VotingMembersIndependentCnt018
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/PersonNm0EDWARD CHIANG
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum06174821011
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-12-28
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 AVENUE
ReturnHeader/Filer/USAddress/CityNm0BOSTON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MA
ReturnHeader/Filer/USAddress/ZIPCd002111
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0C4E3F40A3270225A435F73E82720C47F92AC2390
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0D744FEA19C43AA12A3009BCE02E636B413E0C4C5
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0043220874
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0W A LEONARD & CO PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01500 BOSTON PROVIDENCE TPKE STE 36
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0NORWOOD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0020624631
ReturnHeader/PreparerPersonGrp/PhoneNum07817622027
ReturnHeader/PreparerPersonGrp/PreparationDt02019-05-06
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0WILLIAM A LEONARD CPA
ReturnHeader/ReturnTs02019-05-16T12:12:24-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-10-01
ReturnHeader/TaxPeriodEndDt02017-09-30
ReturnHeader/TaxYr02016

Document Assets

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$4,166,195
Liabilities
$886,875
Net assets
$3,279,320
Revenue
$34,820
Expenses
$72,989
Net income
-$38,169
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
2017Detailed filing. Detailed filing data is available for this year.$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