Civic Intelligence

Cumberland Valley Regional Development Corporation

990 • Fiscal year 2018 • EIN 06-1655599

Jan 01, 2018 to Dec 31, 2018 • Filed on Jul 15, 2019

Organization ProfileN/A
100 Lincoln Way East Rm/Ste AChambersburg, PA 17201

(717) 264-7101

Siviq Scores

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

Liabilities / Assets

95th percentile

0.95x

Higher debt load relative to assets than 95% of similar nonprofits.

2018 filings • 501(c)6 • $10M-$25M nonprofits • Source year 2018

Liabilities / Revenue

100th percentile

2354.66x

Higher debt load relative to revenue than 100% of similar nonprofits.

2018 filings • 501(c)6 • $10M-$25M nonprofits • Source year 2018

Net Margin

1st percentile

-1619%

Higher net margin than 1% of similar nonprofits.

2018 filings • 501(c)6 • $10M-$25M nonprofits • Source year 2018

Top Officer Pay

8th percentile

$0

Higher top officer pay than 8% of similar nonprofits.

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

2018 filings • 501(c)6 • $10M-$25M nonprofits • Source year 2018

Asset Growth

50th percentile

1.9%

Faster asset growth than 50% of similar nonprofits.

2018 filings • 501(c)6 • $10M-$25M nonprofits • Annualized from 2017 to 2018

Revenue Growth

3rd percentile

-60%

Faster revenue growth than 3% of similar nonprofits.

2018 filings • 501(c)6 • $10M-$25M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets95th percentile

Assets

Up

$10,164,929

Up $191,814 (+1.9%) from 2017

Net Assets

Down

$513,187

Down $66,359 (-11%) from 2017

Liabilities

Up

$9,651,742

Up $258,173 (+2.7%) from 2017

Revenue And Expenses
Liabilities / Revenue100th percentileNet Margin1st percentile

Revenue

Down

$4,099

Down $6,200 (-60%) from 2017

Expenses

Up

$70,458

Up $2,988 (+4.4%) from 2017

Net Income

Down

-$66,359

Down $9,188 (-16%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth50th percentile

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

$30M$20M$10M$0-$10MAssets 2011: $11,995,888Liabilities 2011: $14,247,844Net Assets 2011: -$2,251,9562011Assets 2012: $14,973,227Liabilities 2012: $17,058,557Net Assets 2012: -$2,085,3302012Assets 2013: $16,169,459Liabilities 2013: $18,034,650Net Assets 2013: -$1,865,1912013Assets 2014: $19,940,123Liabilities 2014: $20,179,542Net Assets 2014: -$239,4192014Assets 2015: $20,123,980Liabilities 2015: $20,280,648Net Assets 2015: -$156,6682015Assets 2016: $10,508,758Liabilities 2016: $9,872,041Net Assets 2016: $636,7172016Assets 2017: $9,973,115Liabilities 2017: $9,393,569Net Assets 2017: $579,5462017Assets 2018: $10,164,929Liabilities 2018: $9,651,742Net Assets 2018: $513,1872018Assets 2019: $10,428,223Liabilities 2019: $9,987,263Net Assets 2019: $440,9602019Assets 2020: $9,971,107Liabilities 2020: $9,567,174Net Assets 2020: $403,9332020Assets 2021: $10,214,177Liabilities 2021: $9,913,974Net Assets 2021: $300,2032021Assets 2022: $3,535,329Liabilities 2022: $3,308,268Net Assets 2022: $227,0612022Assets 2023: $4,005,732Liabilities 2023: $3,851,602Net Assets 2023: $154,1302023Assets 2024: $548,632Liabilities 2024: $420,158Net Assets 2024: $128,4742024

Highlighted filing

2018

Assets$10,164,929
Liabilities$9,651,742
Net Assets$513,187
Open 2018 Filing

Operations Trend

Revenue Growth3rd percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$4.0M$2.0M$0-$2.0M-$4.0MRevenue 2011: $239,752Expenses 2011: $3,439,631Net Income 2011: -$3,199,8792011Revenue 2012: $278,879Expenses 2012: $112,253Net Income 2012: $166,6262012Revenue 2013: $337,334Expenses 2013: $117,195Net Income 2013: $220,1392013Revenue 2014: $1,746,698Expenses 2014: $120,926Net Income 2014: $1,625,7722014Revenue 2015: $202,146Expenses 2015: $119,395Net Income 2015: $82,7512015Revenue 2016: $974,177Expenses 2016: $180,792Net Income 2016: $793,3852016Revenue 2017: $10,299Expenses 2017: $67,470Net Income 2017: -$57,1712017Revenue 2018: $4,099Expenses 2018: $70,458Net Income 2018: -$66,3592018Revenue 2019: $3,838Expenses 2019: $76,065Net Income 2019: -$72,2272019Revenue 2020: $35,793Expenses 2020: $72,820Net Income 2020: -$37,0272020Revenue 2021: $3,606Expenses 2021: $107,336Net Income 2021: -$103,7302021Revenue 2022: $43,839Expenses 2022: $116,981Net Income 2022: -$73,1422022Revenue 2023: $3,627Expenses 2023: $76,558Net Income 2023: -$72,9312023Revenue 2024: $207,869Expenses 2024: $103,525Net Income 2024: $104,3442024

Highlighted filing

2018

Revenue$4,099
Expenses$70,458
Net Income-$66,359
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Jul 15, 2019
Return Version
2018v3.1
Gross Receipts
$4,099
Mission and Program Overview

Mission

Facilitate economic development in the cumberland valley

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$9,674,587$10,017,267▲ $342,680
Cash and Non-Interest-Bearing Accounts$205,546$93,558▼ $111,988
Intangible Assets$43,169$37,686▼ $5,483
Investments in Publicly Traded Securities$49,000$15,604▼ $33,396
Total Assets$9,973,115$10,164,929▲ $191,814
Other Assets Total$813$814▲ $1
Liabilities
Mortgage Notes Payable Secured by Investment Property$7,422,678$7,422,678→ $0
Other Liabilities$1,959,191$2,224,748▲ $265,557
Accounts Payable and Accrued Expenses$700$3,511▲ $2,811
Escrow Account Liability$11,000$805▼ $10,195
Total Liabilities$9,393,569$9,651,742▲ $258,173
Net Assets / Fund Balance
Unrestricted Net Assets$579,546$513,187▼ $66,359
Total Net Assets Fund Balance$579,546$513,187▼ $66,359
Total Liabilities and Net Assets / Fund Balance$9,973,115$10,164,929▲ $191,814

Asset Categories

AssetBook ValueDepreciationBasis
Land$10,017,267--
Compensation and Service Providers
Top Officer Pay8th percentile

Board Members and Trustees

NameTitle
Mickey NyePresident
Andy BarnesDirector
Charles SchlichterDirector
Chuck SiobergDirector
Jeff ReederDirector
Jim HillDirector
John HelmanDirector
Tim HenryDirector
Jake KaufmanSecretary
Charles FrameTreasurer
Edwin MartinVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$499
Other Revenue
$3,600
Change in Net Assets
$-66,359

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,099
Total Revenue per Audited Statements
$4,099
Total Revenue per Form 990
$4,099
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$70,458
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-$8,100-$8,100
Depreciation Depletion$5,481--$5,481
Fees for Services Other$1,325$165-$1,490
Other Expenses$707$16,672-$707
Total Functional Expenses$45,521$24,937$0$70,458

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$70,458
Total Expenses per Audited Statements$70,458
Total Expenses per Form 990$70,458
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
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Edwin MartinVice PresidentLand DevelopmentNo$21,257
Tim HenryDirectorLand DevelopmentNo$7,332
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Accrued Interest$2,224,748
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
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
Yes
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 7A

“The member's governing body nominates a person to fill any vacancies.”

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

“The form 990 is presented before the governing body at the monthly meeting.”

Form 990, Page 6, Part VI, Line 12C

“Part vi, section b, policies - policies for conflict of interest (12a), whistleblower (13), and written document retention and destruction (14) are currently being developed.”

Form 990, Page 6, Part VI, Line 19

“Documents requiring public inspection are available upon request at main office if they exist”

Filing and Contact Details

Filer

Filer Name
Cumberland Valley Regional
EIN
06-1655599
Phone
7172647101
Address
100 LINCOLN WAY EAST RM/STE A, CHAMBERSBURG, PA 17201

Signing Officer

Name
Mickey Nye
Title
President
Phone
7172647101
Signed
2019-07-15

Organization Details

Principal Officer
Mickey Nye
Formed
2002
Legal Domicile
Pa
Voting Board Members
11
Independent Board Members
11
Employees
0

Preparer

Firm
Schultheiss & Associates
Address
720 NORLAND AVENUE, CHAMBERSBURG, PA 17201
Preparer
Michael L Hargleroad
Phone
7172672100
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4D

“Purchase, development and sale of land for industrial development”

Financial Statement Notes

Schedule D, Page 2, Part IV, Line 2B

“Funds were deposited into an escrow account by cvrdc and a land purchaser for the purpose of building a road to the selected lots. The funds are managed by an attorney, but were set up under cumberland valley regional development corporation.”

Raw XML Appendix368 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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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ACCRUED INTEREST
IRS990ScheduleD/RevenueSubtotalAmt04099
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0FUNDS WERE DEPOSITED INTO AN ESCROW ACCOUNT BY CVRDC AND A LAND PURCHASER FOR THE PURPOSE OF BUILDING A ROAD TO THE SELECTED LOTS. THE FUNDS ARE MANAGED BY AN ATTORNEY, BUT WERE SET UP UNDER CUMBERLAND VALLEY REGIONAL DEVELOPMENT CORPORATION.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 2, PART IV, LINE 2B
IRS990ScheduleD/TotalBookValueLandBuildingsAmt010017267
IRS990ScheduleD/TotalExpensesPerForm990Amt070458
IRS990ScheduleD/TotalLiabilityAmt02224748
IRS990ScheduleD/TotalRevenuePerForm990Amt04099
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt04099
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt070458
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0EDWIN MARTIN
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm1TIM HENRY
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0VICE PRESIDENT
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt1DIRECTOR
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd1false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt021257
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt17332
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0LAND DEVELOPMENT
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc1LAND DEVELOPMENT
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0PURCHASE, DEVELOPMENT AND SALE OF LAND FOR INDUSTRIAL DEVELOPMENT
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE MEMBER'S GOVERNING BODY NOMINATES A PERSON TO FILL ANY VACANCIES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE FORM 990 IS PRESENTED BEFORE THE GOVERNING BODY AT THE MONTHLY MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3PART VI, SECTION B, POLICIES - POLICIES FOR CONFLICT OF INTEREST (12A), WHISTLEBLOWER (13), AND WRITTEN DOCUMENT RETENTION AND DESTRUCTION (14) ARE CURRENTLY BEING DEVELOPED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4DOCUMENTS REQUIRING PUBLIC INSPECTION ARE AVAILABLE UPON REQUEST AT MAIN OFFICE IF THEY EXIST
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt09973115
IRS990/TotalAssetsEOYAmt010164929
IRS990/TotalAssetsGrp/BOYAmt09973115
IRS990/TotalAssetsGrp/EOYAmt010164929
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt024937
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt045521
IRS990/TotalFunctionalExpensesGrp/TotalAmt070458
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt09393569
IRS990/TotalLiabilitiesEOYAmt09651742
IRS990/TotalLiabilitiesGrp/BOYAmt09393569
IRS990/TotalLiabilitiesGrp/EOYAmt09651742
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0579546
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0513187
IRS990/TotalOtherProgSrvcExpenseAmt05481
IRS990/TotalProgramServiceExpensesAmt045521
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt04099
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt04099
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt09973115
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt010164929
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0579546
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0513187
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0100 LINCOLN WAY EAST
IRS990/USAddress/CityNm0CHAMBERSBURG
IRS990/USAddress/StateAbbreviationCd0PA
IRS990/USAddress/ZIPCd017201
IRS990/VotingMembersGoverningBodyCnt011
IRS990/VotingMembersIndependentCnt011
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/PersonNm0MICKEY NYE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum07172647101
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-07-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0CUMBERLAND VALLEY REGIONAL
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0DEVELOPMENT CORP
ReturnHeader/Filer/BusinessNameControlTxt0CUMB
ReturnHeader/Filer/EIN0061655599
ReturnHeader/Filer/PhoneNum07172647101
ReturnHeader/Filer/USAddress/AddressLine1Txt0100 LINCOLN WAY EAST RM/STE A
ReturnHeader/Filer/USAddress/CityNm0CHAMBERSBURG
ReturnHeader/Filer/USAddress/StateAbbreviationCd0PA
ReturnHeader/Filer/USAddress/ZIPCd017201
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId074C7D8F591D7D6FFD34244D1F15E9A7B2979123C
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId033082D18D0D278441D83ADB347325D3654EEBDFA
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt074.92.104.113
ReturnHeader/FilingSecurityInformation/IPDt02019-09-26
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CD
ReturnHeader/FilingSecurityInformation/IPTm007:06:30
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0251738214
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0SCHULTHEISS & ASSOCIATES
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0720 NORLAND AVENUE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0CHAMBERSBURG
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0PA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd017201
ReturnHeader/PreparerPersonGrp/PhoneNum07172672100
ReturnHeader/PreparerPersonGrp/PreparationDt02019-09-26
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MICHAEL L HARGLEROAD
ReturnHeader/ReturnTs02019-09-26T07:06:30-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02018-01-01
ReturnHeader/TaxPeriodEndDt02018-12-31
ReturnHeader/TaxYr02018

Document Assets

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Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$10,164,929
Liabilities
$9,651,742
Net assets
$513,187
Revenue
$4,099
Expenses
$70,458
Net income
-$66,359
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.55$0.42$0.13$0.21$0.10$0.10
2023Detailed filing. Detailed filing data is available for this year.$4.01$3.85$0.15$0.00$0.08$0.07
2022Detailed filing. Detailed filing data is available for this year.$3.54$3.31$0.23$0.04$0.12$0.07
2021Detailed filing. Detailed filing data is available for this year.$10.2$9.91$0.30$0.00$0.11$0.10
2020Detailed filing. Detailed filing data is available for this year.$9.97$9.57$0.40$0.04$0.07$0.04
2019Detailed filing. Detailed filing data is available for this year.$10.4$9.99$0.44$0.00$0.08$0.07
2018Detailed filing. Detailed filing data is available for this year.$10.2$9.65$0.51$0.00$0.07$0.07
2017Detailed filing. Detailed filing data is available for this year.$9.97$9.39$0.58$0.01$0.07$0.06
2016Detailed filing. Detailed filing data is available for this year.$10.5$9.87$0.64$0.97$0.18$0.79
2015Detailed filing. Detailed filing data is available for this year.$20.1$20.3$0.16$0.20$0.12$0.08
2014Detailed filing. Detailed filing data is available for this year.$19.9$20.2$0.24$1.75$0.12$1.63
2013Detailed filing. Detailed filing data is available for this year.$16.2$18.0$1.87$0.34$0.12$0.22
2012Summary only. Only limited summary data is available for this year.$15.0$17.1$2.09$0.28$0.11$0.17
2011Summary only. Only limited summary data is available for this year.$12.0$14.2$2.25$0.24$3.44$3.20