Civic Intelligence

Chinese Economic Development Council Inc.

990 • Fiscal year 2020 • EIN 04-2565019

Oct 01, 2020 to Dec 31, 2020 • Filed on Sep 15, 2021

Organization ProfileN/A
65 Harrison Ave 7th FloorBoston, MA 02111

(617) 482-1011

Siviq Scores

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

Liabilities / Assets

37th percentile

0.04x

Higher debt load relative to assets than 37% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

87th percentile

1.21x

Higher debt load relative to revenue than 87% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Net Margin

99th percentile

100%

Higher net margin than 99% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

37th percentile

$0

Higher top officer pay than 37% of similar nonprofits.

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

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Asset Growth

60th percentile

10%

Faster asset growth than 60% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

5th percentile

-60%

Faster revenue growth than 5% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets37th percentile

Assets

Up

$4,406,400

Up $416,893 (+10%) from 2019

Net Assets

Up

$4,234,544

Up $390,757 (+10%) from 2019

Liabilities

Up

$171,856

Up $26,136 (+18%) from 2019

Revenue And Expenses
Liabilities / Revenue87th percentileNet Margin99th percentile

Revenue

Down

$142,048

Down $213,849 (-60%) from 2019

Expenses

Down

$196

Down $540 (-73%) from 2019

Net Income

Down

$141,852

Down $213,309 (-60%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth60th 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

2020

Assets$4,406,400
Liabilities$171,856
Net Assets$4,234,544
Open 2020 Filing

Operations Trend

Revenue Growth5th 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

2020

Revenue$142,048
Expenses$196
Net Income$141,852
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2020 to Dec 31, 2020
Signed
Sep 15, 2021
Return Version
2020v4.0
Gross Receipts
$142,048
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$3,588,326$2,308,326▼ $1,280,000
Savings and Temporary Cash Investments$717,093$2,015,269▲ $1,298,176
Cash and Non-Interest-Bearing Accounts$73,000$82,805▲ $9,805
Total Assets$4,378,419$4,406,400▲ $27,981
Liabilities
Other Liabilities$119,707$145,843▲ $26,136
Unsecured Notes Loans Payable$26,013$26,013→ $0
Total Liabilities$145,720$171,856▲ $26,136
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$4,232,699$4,234,544▲ $1,845
Total Net Assets Fund Balance$4,232,699$4,234,544▲ $1,845
Total Liabilities and Net Assets / Fund Balance$4,378,419$4,406,400▲ $27,981

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings-$5,425$5,425
Compensation and Service Providers
Top Officer Pay37th percentile

Board Members and Trustees

NameTitle
Edward ChiangChairman
Allen ChinVice Chairma
Amy GuenDirector
Angela YangDirector
Chutze ChouDirector
Felix LuiDirector
Frank WongDirector
Paul ChanDirector
Wey HsiaoDirector
Frank ChenClerk
Al ChaoExecutive
Margaret ChenExecutive
Robert WangExecutive
Rosemary LamExecutive
Wanchin ChouExecutive
Marianna S RiemerTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$9,093
Other Revenue
$132,955
Change in Net Assets
$141,852
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$196
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
Office Expenses$196--$196
Total Functional Expenses$196$0$0$196
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 - Realty$119,707
Due to Affiliate - Realty$26,136
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
Allen Chin
Title
Vice Chairman
Phone
6174821011
Signed
2021-09-15

Organization Details

Principal Officer
Edward Chiang
Formed
1974
Legal Domicile
Ma
Voting Board Members
16
Independent Board Members
16
Employees
0

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, Part XI, Line 9

“Oxford place limited partnership k-1 -140,007”

Raw XML Appendix371 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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IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt032124
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0336975
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0443345
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0277227
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.67600
IRS990ScheduleA/PublicSupportPY170Pct00.58430
IRS990ScheduleA/PublicSupportTotal170Amt0925000
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0375000
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0300000
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0250000
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0925000
IRS990ScheduleA/TotalSupportAmt01368345
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt05425
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt05425
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0119707
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt126136
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO AFFILIATE - REALTY
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1DUE TO AFFILIATE - REALTY
IRS990ScheduleD/TotalLiabilityAmt0145843
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
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 -140,007
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
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0MA
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt04378419
IRS990/TotalAssetsEOYAmt04406400
IRS990/TotalAssetsGrp/BOYAmt04378419
IRS990/TotalAssetsGrp/EOYAmt04406400
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0196
IRS990/TotalFunctionalExpensesGrp/TotalAmt0196
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0145720
IRS990/TotalLiabilitiesEOYAmt0171856
IRS990/TotalLiabilitiesGrp/BOYAmt0145720
IRS990/TotalLiabilitiesGrp/EOYAmt0171856
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt04232699
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt04234544
IRS990/TotalProgramServiceExpensesAmt0196
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0142048
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0142048
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt04378419
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt04406400
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt026013
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt026013
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt08 ALICE DR
IRS990/USAddress/CityNm0WAYLAND
IRS990/USAddress/StateAbbreviationCd0MA
IRS990/USAddress/ZIPCd001778
IRS990/VotingMembersGoverningBodyCnt016
IRS990/VotingMembersIndependentCnt016
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/PersonNm0ALLEN CHIN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0VICE CHAIRMAN
ReturnHeader/BusinessOfficerGrp/PhoneNum06174821011
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-09-15
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/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/PreparationDt02022-05-13
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0WILLIAM A LEONARD CPA
ReturnHeader/ReturnTs02022-05-13T07:45:05-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0ALLEN
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0CHIN
ReturnHeader/TaxPeriodBeginDt02020-10-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$4,406,400
Liabilities
$171,856
Net assets
$4,234,544
Revenue
$142,048
Expenses
$196
Net income
$141,852
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
2020Detailed filing. Detailed filing data is available for this year.$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