Civic Intelligence

Chinese Economic Development Council Inc.

990 • Fiscal year 2022 • EIN 04-2565019

Jan 01, 2022 to Dec 31, 2022 • Filed on Apr 26, 2023

Organization ProfileCEDC-BOSTON.ORG
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

41st percentile

0.03x

Higher debt load relative to assets than 41% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

77th percentile

0.41x

Higher debt load relative to revenue than 77% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Net Margin

98th percentile

98%

Higher net margin than 98% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

39th percentile

$0

Higher top officer pay than 39% of similar nonprofits.

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

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Asset Growth

60th percentile

5.6%

Faster asset growth than 60% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

86th percentile

68%

Faster revenue growth than 86% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets41st percentile

Assets

Up

$4,891,190

Up $258,238 (+5.6%) from 2021

Net Assets

Up

$4,745,470

Up $284,374 (+6.4%) from 2021

Liabilities

Down

$145,720

Down $26,136 (-15%) from 2021

Revenue And Expenses
Liabilities / Revenue77th percentileNet Margin98th percentile

Revenue

Up

$354,559

Up $143,262 (+68%) from 2021

Expenses

Down

$8,800

Down $6,670 (-43%) from 2021

Net Income

Up

$345,759

Up $149,932 (+77%) from 2021

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

2022

Assets$4,891,190
Liabilities$145,720
Net Assets$4,745,470
Open 2022 Filing

Operations Trend

Revenue Growth86th 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

2022

Revenue$354,559
Expenses$8,800
Net Income$345,759
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Apr 26, 2023
Return Version
2022v5.0
Gross Receipts
$354,559
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$2,244,230$1,954,213▼ $290,017
Investments in Publicly Traded Securities-$603,520-
Cash and Non-Interest-Bearing Accounts$80,396$75,131▼ $5,265
Accounts Receivable$50,000--
Total Assets$4,632,952$4,891,190▲ $258,238
Liabilities
Other Liabilities$145,843$119,707▼ $26,136
Unsecured Notes Loans Payable$26,013$26,013→ $0
Total Liabilities$171,856$145,720▼ $26,136
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$4,461,096$4,745,470▲ $284,374
Total Net Assets Fund Balance$4,461,096$4,745,470▲ $284,374
Total Liabilities and Net Assets / Fund Balance$4,632,952$4,891,190▲ $258,238

Asset Categories

AssetBook ValueDepreciationBasis
Equipment-$5,425$5,425
Compensation and Service Providers
Top Officer Pay39th percentile

Board Members and Trustees

NameTitle
Edward ChiangChairman
Allen ChinVice Chairma
Al ChaoDirector
Amy GuenDirector
Angela YangDirector
Chutze ChouDirector
Felix LuiDirector
Frank WongDirector
Paul ChanDirector
Robert WangDirector
Rosemary LamDirector
Wanchin ChouDirector
Wey HsiaoDirector
Margaret ChenAsst Treasur
Frank ChenClerk
Marianna S RiemerTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$311,385
Investment Income
$17,034
Other Revenue
$26,140
Change in Net Assets
$345,759
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$8,800
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
Insurance$5,134--$5,134
Other Expenses$85--$85
Total Functional Expenses$8,800$0$0$8,800
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$119,707
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
2023-04-26

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 B Ford CPA
Phone
7817622027
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

“Oxford place limited partnership k-1 -61,385”

Raw XML Appendix391 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/PYInvestmentIncomeAmt09303
IRS990/PYOtherExpensesAmt015470
IRS990/PYProgramServiceRevenueAmt0192994
IRS990/PYRevenuesLessExpensesAmt0195827
IRS990/PYTotalExpensesAmt015470
IRS990/PYTotalRevenueAmt0211297
IRS990/ReconcilationRevenueExpnssAmt0345759
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0250000
IRS990/SavingsAndTempCashInvstGrp/BOYAmt02244230
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01954213
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt09000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0375000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0300000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0684000
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt017034
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt09303
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt02041
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt016308
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt055897
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0100583
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0792656
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.87180
IRS990ScheduleA/PublicSupportPY170Pct00.88980
IRS990ScheduleA/PublicSupportTotal170Amt0684000
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt09000
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0375000
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0300000
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0684000
IRS990ScheduleA/TotalSupportAmt0784583
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/EquipmentGrp/DepreciationAmt05425
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt05425
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0119707
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO AFFILIATE - CEDC REALTY INC
IRS990ScheduleD/TotalLiabilityAmt0119707
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 -61,385
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/TotalAssetsBOYAmt04632952
IRS990/TotalAssetsEOYAmt04891190
IRS990/TotalAssetsGrp/BOYAmt04632952
IRS990/TotalAssetsGrp/EOYAmt04891190
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt08800
IRS990/TotalFunctionalExpensesGrp/TotalAmt08800
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0171856
IRS990/TotalLiabilitiesEOYAmt0145720
IRS990/TotalLiabilitiesGrp/BOYAmt0171856
IRS990/TotalLiabilitiesGrp/EOYAmt0145720
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt04461096
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt04745470
IRS990/TotalProgramServiceExpensesAmt08800
IRS990/TotalProgramServiceRevenueAmt0311385
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0354559
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0354559
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt04632952
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt04891190
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/WebsiteAddressTxt0CEDC-BOSTON.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/PersonNm0EDWARD CHIANG
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHAIRMAN
ReturnHeader/BusinessOfficerGrp/PhoneNum06174821011
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-04-26
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/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/PreparationDt02023-04-28
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0WILLIAM B FORD CPA
ReturnHeader/ReturnTs02023-05-04T18:12:25-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0EDWARD
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0CHIANG
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

Document Assets

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Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$4,891,190
Liabilities
$145,720
Net assets
$4,745,470
Revenue
$354,559
Expenses
$8,800
Net income
$345,759
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
2022Detailed filing. Detailed filing data is available for this year.$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