Civic Intelligence

Otr Holdings Inc

990 • Fiscal year 2013 • EIN 20-2363373

Jan 01, 2013 to Dec 31, 2013 • Filed on Nov 13, 2014

1410 Race StreetSuite45202

(513) 621-4400

Siviq Scores

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

Liabilities / Assets

97th percentile

1.31x

Higher debt load relative to assets than 97% of similar nonprofits.

2013 filings • 501(c)2 • $10M-$25M nonprofits • Source year 2013

Liabilities / Revenue

96th percentile

16.76x

Higher debt load relative to revenue than 96% of similar nonprofits.

2013 filings • $10M-$25M nonprofits • Source year 2013

Net Margin

90th percentile

59%

Higher net margin than 90% of similar nonprofits.

2013 filings • $10M-$25M nonprofits • Source year 2013

Top Officer Pay

86th percentile

$342,099

Higher top officer pay than 86% of similar nonprofits.

Top officer pay equals 25.4% of source-year revenue.

2013 filings • $10M-$25M nonprofits • Source year 2013

Asset Growth

8th percentile

-9.2%

Faster asset growth than 8% of similar nonprofits.

2013 filings • 501(c)2 • $10M-$25M nonprofits • Annualized from 2012 to 2013

Revenue Growth

25th percentile

-6.2%

Faster revenue growth than 25% of similar nonprofits.

2013 filings • $10M-$25M nonprofits • Annualized from 2012 to 2013

Assets

Down

$17,244,618

Down $1,745,959 (-9.2%) from 2012

Net Assets

Up

-$5,295,236

Up $794,594 (+13%) from 2012

Liabilities

Down

$22,539,854

Down $2,540,553 (-10%) from 2012

Revenue

Down

$1,344,710

Down $88,277 (-6.2%) from 2012

Expenses

Up

$550,116

Up $241,599 (+78%) from 2012

Net Income

Down

$794,594

Down $329,876 (-29%) from 2012

Historical Trend

Balance Sheet Trend

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

$40M$20M$0-$20MAssets 2010: $13,486,470Liabilities 2010: $18,710,620Net Assets 2010: -$5,224,1502010Assets 2011: $18,180,171Liabilities 2011: $23,740,954Net Assets 2011: -$5,560,7832011Assets 2012: $18,990,577Liabilities 2012: $25,080,407Net Assets 2012: -$6,089,8302012Assets 2013: $17,244,618Liabilities 2013: $22,539,854Net Assets 2013: -$5,295,2362013Assets 2014: $15,896,698Liabilities 2014: $21,944,889Net Assets 2014: -$6,048,1912014Assets 2015: $21,410,928Liabilities 2015: $27,368,346Net Assets 2015: -$5,957,4182015Assets 2016: $20,268,547Liabilities 2016: $25,091,631Net Assets 2016: -$4,823,0842016Assets 2017: $21,403,995Liabilities 2017: $26,876,584Net Assets 2017: -$5,472,5892017Assets 2018: $18,274,392Liabilities 2018: $24,137,858Net Assets 2018: -$5,863,4662018Assets 2019: $31,151,622Liabilities 2019: $39,444,038Net Assets 2019: -$8,292,4162019Assets 2020: $31,751,267Liabilities 2020: $36,284,495Net Assets 2020: -$4,533,2282020Assets 2021: $23,950,435Liabilities 2021: $29,056,369Net Assets 2021: -$5,105,9342021Assets 2022: $23,689,274Liabilities 2022: $29,051,153Net Assets 2022: -$5,361,8792022Assets 2023: $25,278,197Liabilities 2023: $30,838,120Net Assets 2023: -$5,559,9232023Assets 2024: $24,377,469Liabilities 2024: $29,739,021Net Assets 2024: -$5,361,5522024

Highlighted filing

2013

Assets$17,244,618
Liabilities$22,539,854
Net Assets-$5,295,236

Operations Trend

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

$2.0M$1.0M$0-$1.0MExpenses 2010: $64,4522010Revenue 2011: $774,209Expenses 2011: $501,784Net Income 2011: $272,4252011Revenue 2012: $1,432,987Expenses 2012: $308,517Net Income 2012: $1,124,4702012Revenue 2013: $1,344,710Expenses 2013: $550,116Net Income 2013: $794,5942013Revenue 2014: $408,289Expenses 2014: $487,251Net Income 2014: -$78,9622014Revenue 2015: $553,549Expenses 2015: $675,762Net Income 2015: -$122,2132015Revenue 2016: $1,644,309Expenses 2016: $495,586Net Income 2016: $1,148,7232016Revenue 2017: -$184,334Expenses 2017: $221,025Net Income 2017: -$405,3592017Revenue 2018: $228,029Expenses 2018: $38,627Net Income 2018: $189,4022018Revenue 2019: $371,598Expenses 2019: $53,740Net Income 2019: $317,8582019Revenue 2020: $125,387Expenses 2020: $100,408Net Income 2020: $24,9792020Revenue 2021: -$52,174Expenses 2021: $520,532Net Income 2021: -$572,7062021Revenue 2022: -$197,670Expenses 2022: $58,275Net Income 2022: -$255,9452022Revenue 2023: $314,127Expenses 2023: $512,171Net Income 2023: -$198,0442023Revenue 2024: $208,530Expenses 2024: $10,159Net Income 2024: $198,3712024

Highlighted filing

2013

Revenue$1,344,710
Expenses$550,116
Net Income$794,594
Jump To
Filing Snapshot
Filing Period
Jan 1, 2013 to Dec 31, 2013
Signed
Nov 13, 2014
Return Version
2013v3.1
Gross Receipts
$5,217,081
Mission and Program Overview

Mission

Otr holdings, inc. (otr) was formed by cincinnati center city development corporation (3cdc), a 501(c)(3) entity, to hold title to real property and improvements and to transfer the net income from the property to 3cdc.

To strengthen the core assets of downtown cincinnati; create great civic spaces, high-density/mixed-use developments, preserve historic structures

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Program Related$16,822,895$14,857,989▼ $1,964,906
Land, Buildings, and Equipment, Net$1,224,644$1,197,583▼ $27,061
Cash and Non-Interest-Bearing Accounts$223,118$594,792▲ $371,674
Accounts Receivable$351,759$458,706▲ $106,947
Other Notes and Loans Receivable, Net$40,500$40,500→ $0
Pledges and Grants Receivable$25,000$0▼ $25,000
Prepaid Expenses and Deferred Charges$23,589$5,754▼ $17,835
Savings and Temporary Cash Investments$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$18,990,577$17,244,618▼ $1,745,959
Other Assets Total$279,072$89,294▼ $189,778
Liabilities
Mortgage Notes Payable Secured by Investment Property$19,511,074$17,278,856▼ $2,232,218
Other Liabilities$5,051,792$4,906,138▼ $145,654
Accounts Payable and Accrued Expenses$517,541$354,860▼ $162,681
Grants Payable$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$25,080,407$22,539,854▼ $2,540,553
Net Assets / Fund Balance
Temporarily Rstr Net Assets$25,000$7,000▼ $18,000
Permanently Rstr Net Assets$0$0→ $0
Unrestricted Net Assets$-6,114,830$-5,302,236▲ $812,594
Total Net Assets Fund Balance$-6,089,830$-5,295,236▲ $794,594
Total Liabilities and Net Assets / Fund Balance$18,990,577$17,244,618▼ $1,745,959

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$501,380$159,192$660,572
Land$475,537-$475,537
Other Land Buildings$206,740$33,890$240,630
Equipment$8,211$2,607$10,818
Leasehold Improvements$5,715$1,815$7,530
Investment Program Related Org$14,857,989--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeOtherTotal
Anastasia MilehamVP, Marketing & CommunicationsPT$124,893$124,893
John FoxVice-presidentPT$121,181$121,181

Board Members and Trustees

NameTitle
Stephen G LeeperPresident & CFO
Stephanie GaitherEvp & CFO
Chad S MunitzEvp, Asset & Capital Mgmt
Adam GelterEvp, Development

Highest Paid Contractors

ContractorServicesLocationCompensation
GraybachConstruction-$276,160
Perfido Weiskopf Wagstaff GoettelArchitecture/design-$271,270
City Studios ArchitectureArchitecture/design-$245,767
Diversified Metal Engineering LtdConstruction-$180,279
Urban Sites Development INCConstruction-$127,221
Revenue and Support

Revenue Composition

Contributions and Grants
$58,000
Program Service Revenue
$737,991
Investment Income
$310,261
Other Revenue
$238,458
All Other Contributions
$58,000
Change in Net Assets
$794,594
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$400,116
Grants and Similar Amounts Paid$150,000
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$150,000--$150,000
Depreciation Depletion$48,666--$48,666
Fees for Services Legal$46,317--$46,317
Interest$32,222--$32,222
Occupancy$22,200--$22,200
Other Expenses$14,716--$14,716
Fees for Services Management$8,435--$8,435
All Other Expenses$6,243--$6,243
Insurance$2,166--$2,166
Office Expenses$1,025--$1,025
Total Functional Expenses$550,116$0$0$550,116
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
31-1170803--Contribution as part of the lease for a property at 33 Green St in our target area.$150,000
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
Ellen Van Der Horst Chad MunitzDirector and Officer ofBoth Are Directors of DowntownNo$71,695

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Accrued Interest Payable$2,537,101
Deferred Gain on Sale$1,454,396
Security Deposits$579,007
Taxes Payable$198,803
Accrued Liabilities$134,396
Unearned Revenue$2,435
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

FORM 990, PART VI, SECTION A, LINE 6:

Sole member is cincinnati city center development corp. (3cdc)

FORM 990, PART VI, SECTION A, LINE 7A:

3cdc, as sole member, consented to election of the members currently serving on the board of directors.

FORM 990, PART VI, SECTION B, LINE 11B:

Reviewed by both directors of otr prior to filing.

FORM 990, PART VI, SECTION B, LINE 12C:

Verbally discussed at regular staff meetings. Each year all officers, directors and employees are required to fill out a conflict of interest (coi) disclosure form (alternate years a reconfirmation of prior year). The form is reviewed and summarized internally and submitted to the organization's general counsel for review and disclosure to executive committee, if necessary. Any action taken by the board or committee that has a coi of any employee, director or officer is disclosed prior to passage and that individual is requested to leave the room during the discussion and vote.

FORM 990, PART VI, SECTION B, LINE 15:

The executive committee utilized comparability data when determining the ceo's compensation in completing his employment contract. Each year the committee reviews the organization's scorecard and results as well as the ceo's performance in assessing his compensation changes. Finally, the chair discusses the results with the board members. Other key staff compensation is determined by comparing to local or regional salary data as well as the individual's performance.

FORM 990, PART VI, SECTION C, LINE 19:

Available upon request at office location or www.guidestar.org.

Filing and Contact Details

Filer

EIN
20-2363373
In Care Of
% STEPHANIE GAITHER
Phone
5136214400

Signing Officer

Name
Stephanie Gaither
Title
CFO
Phone
5133214400
Signed
2014-11-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Stephanie Gaither
Formed
2005
Legal Domicile
Oh
Voting Board Members
2
Independent Board Members
0
Employees
0
Volunteers
0

Preparer

Preparer
Kevin L Holmes CPA
Phone
5133214400
Supplemental Narrative

Additional Explanations

FORM 990, PART I, LINE 1, DESCRIPTION OF ORGANIZATION MISSION:

Mixed-use developments, preserve historic structures and create diverse, mixed-income neighborhoods supported by local business.

FORM 990, PART III, LINE 1, DESCRIPTION OF ORGANIZATION MISSION:

Over-the-Rhine: The organization continued programming the park which included more than 185 events drawing over 150,000 people to OTR. Construction of the phase V projects continued and will produce over 170 new residential units and 30,000 square feet of commercial space. Funding closed and construction activities continued on Mercer Commons Phase I which will yield 154 residential units (a portion of which were completed in 2013) and 17,600 square feet of commercial space. Construction was completed for the 340 space parking garage at Mercer Commons, and operations began in May. Pre-development work began for the 1201 Walnut, Taft's Ale House, and Cintrifuse projects. 1201 Walnut will provide a commercial space on the ground floor, two additional commercial/retail tenant spaces, and the upper floors will provide over 18,000 square feet of office space, a portion of which will be occupied by 3CDC. Taft's Ale House is a restaurant and bar occupying all three floors of St. Paul's Evangelical Church on 1429 Race Street. Cintrifuse, a 38,000 square foot space on 1311 Vine St, is a regional innovation network designed to successfully launch high-growth startups by connecting prospective business owners and investors to key resources.

Financial Statement Notes

PART X, LINE 2:

3cdc evaluates its uncertain tax positions as to whether it is more likely than not a tax position could be sustained in the event of an audit by the applicable taxing authority. Accordingly, a loss contingency is recognized when it is probable that a liability has been incurred as of the date of the financial statements, and the amount of the loss can be reasonably estimated. The amount recognized is subject to estimate and management judgment with respect to the likely outcome of each uncertain tax position. The amount that is ultimately sustained for an individual uncertain tax position or for all uncertain tax positions in the aggregate could differ from the amount recognized. 3cdc analyzed its income tax positions and concluded that it had no uncertain tax positions as of december 31, 2013 and 2012. Tax years open to examination include 2013, 2012, and 2011.

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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt4111240
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt5115000
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT & CFO
IRS990/Form990PartVIISectionAGrp/TitleTxt1EVP & CFO
IRS990/Form990PartVIISectionAGrp/TitleTxt2EVP, ASSET & CAPITAL MGMT
IRS990/Form990PartVIISectionAGrp/TitleTxt3EVP, DEVELOPMENT
IRS990/Form990PartVIISectionAGrp/TitleTxt4VP, MARKETING & COMMUNICATIONS
IRS990/Form990PartVIISectionAGrp/TitleTxt5VICE-PRESIDENT
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr02005
IRS990/FormerOfcrEmployeesListedInd0false
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IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GainOrLossGrp/OtherAmt0308625
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt02
IRS990/GrantAmt0150000
IRS990/GrantsPayableGrp/BOYAmt00
IRS990/GrantsPayableGrp/EOYAmt00
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IRS990/GrantsToDomesticOrgsGrp/TotalAmt0150000
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IRS990/GrantsToOrganizationsInd0true
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossAmountSalesAssetsGrp/OtherAmt04180996
IRS990/GrossReceiptsAmt05217081
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0true
IRS990/IncmFromInvestBondProceedsGrp/TotalRevenueColumnAmt00
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IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/TotalAmt00
IRS990/InsuranceGrp/ProgramServicesAmt02166
IRS990/InsuranceGrp/TotalAmt02166
IRS990/IntangibleAssetsGrp/BOYAmt00
IRS990/IntangibleAssetsGrp/EOYAmt00
IRS990/InterestGrp/ProgramServicesAmt032222
IRS990/InterestGrp/TotalAmt032222
IRS990/InventoriesForSaleOrUseGrp/BOYAmt00
IRS990/InventoriesForSaleOrUseGrp/EOYAmt00
IRS990/InvestmentIncomeGrp/ExclusionAmt01636
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IRS990/InvestmentsPubTradedSecGrp/EOYAmt00
IRS990/IRPDocumentCnt024
IRS990/IRPDocumentW2GCnt00
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IRS990/LandBldgEquipCostOrOtherBssAmt01395087
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IRS990/MembersOrStockholdersInd0true
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0Over-the-Rhine: The organization continued programming the park which included more than 185 events drawing over 150,000 people to OTR. Construction of the phase V projects continued and will produce over 170 new residential units and 30,000 square feet of commercial space. Funding closed and construction activities continued on Mercer Commons Phase I which will yield 154 residential units (a portion of which were completed in 2013) and 17,600 square feet of commercial space. Construction was completed for the 340 space parking garage at Mercer Commons, and operations began in May. Pre-development work began for the 1201 Walnut, Taft's Ale House, and Cintrifuse projects. 1201 Walnut will provide a commercial space on the ground floor, two additional commercial/retail tenant spaces, and the upper floors will provide over 18,000 square feet of office space, a portion of which will be occupied by 3CDC. Taft's Ale House is a restaurant and bar occupying all three floors of St. Paul's Evang
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt019511074
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt017278856
IRS990/NetAssetsOrFundBalancesBOYAmt0-6089830
IRS990/NetAssetsOrFundBalancesEOYAmt0-5295236
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0308625
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ProgramServicesAmt022200
IRS990/OccupancyGrp/TotalAmt022200
IRS990/OfficeExpensesGrp/ProgramServicesAmt01025
IRS990/OfficeExpensesGrp/TotalAmt01025
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0279072
IRS990/OtherAssetsTotalGrp/EOYAmt089294
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/Desc0SAFE AND CLEAN PROGRAM
IRS990/OtherExpensesGrp/Desc1REAL ESTATE DEVELOPMENT
IRS990/OtherExpensesGrp/Desc2OTHER
IRS990/OtherExpensesGrp/Desc3REAL ESTATE TAXES
IRS990/OtherExpensesGrp/ProgramServicesAmt0170526
IRS990/OtherExpensesGrp/ProgramServicesAmt146600
IRS990/OtherExpensesGrp/ProgramServicesAmt21000
IRS990/OtherExpensesGrp/ProgramServicesAmt314716
IRS990/OtherExpensesGrp/TotalAmt0170526
IRS990/OtherExpensesGrp/TotalAmt146600
IRS990/OtherExpensesGrp/TotalAmt21000
IRS990/OtherExpensesGrp/TotalAmt314716
IRS990/OtherLiabilitiesGrp/BOYAmt05051792
IRS990/OtherLiabilitiesGrp/EOYAmt04906138
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0OTHER
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0238458
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0238458
IRS990/OtherRevenueTotalAmt0238458
IRS990/OtherSalariesAndWagesGrp/TotalAmt00
IRS990/OtherWebsiteInd0X
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt040500
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt040500
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayrollTaxesGrp/TotalAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt00
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt025000
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt023589
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt05754
IRS990/PrincipalOfficerNm0STEPHANIE GAITHER
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0230000
IRS990/ProgramServiceRevenueGrp/BusinessCd1812930
IRS990/ProgramServiceRevenueGrp/BusinessCd2532000
IRS990/ProgramServiceRevenueGrp/BusinessCd3532000
IRS990/ProgramServiceRevenueGrp/Desc0DEVELOPER FEE INCOME
IRS990/ProgramServiceRevenueGrp/Desc1PARKING INCOME
IRS990/ProgramServiceRevenueGrp/Desc2LEASE REVENUE
IRS990/ProgramServiceRevenueGrp/Desc3RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0700000
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt11893
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2600
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt335498
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0700000
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt11893
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2600
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt335498
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0191368
IRS990/PYGrantsAndSimilarPaidAmt05100
IRS990/PYInvestmentIncomeAmt01215171
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0303417
IRS990/PYOtherRevenueAmt013868
IRS990/PYProgramServiceRevenueAmt012580
IRS990/PYRevenuesLessExpensesAmt01124470
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0308517
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01432987
IRS990/RcvblFromDisqualifiedPrsnGrp/BOYAmt00
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0794594
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0true
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/BuildingsGrp/BookValueAmt0501380
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0159192
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0660572
IRS990ScheduleD/EquipmentGrp/BookValueAmt08211
IRS990ScheduleD/EquipmentGrp/DepreciationAmt02607
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt010818
IRS990ScheduleD/FederalIncomeTaxLiabilityAmt00
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt014857989
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0VACANT BUILDINGS AND LOTS
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd0C
IRS990ScheduleD/LandGrp/BookValueAmt0475537
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0475537
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt05715
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt01815
IRS990ScheduleD/LeaseholdImprovementsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt07530
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0206740
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt033890
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0240630
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0134396
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt12537101
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt2198803
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt3579007
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt42435
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt51454396
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ACCRUED LIABILITIES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1ACCRUED INTEREST PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2TAXES PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3SECURITY DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc4UNEARNED REVENUE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc5DEFERRED GAIN ON SALE
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt03CDC EVALUATES ITS UNCERTAIN TAX POSITIONS AS TO WHETHER IT IS MORE LIKELY THAN NOT A TAX POSITION COULD BE SUSTAINED IN THE EVENT OF AN AUDIT BY THE APPLICABLE TAXING AUTHORITY. ACCORDINGLY, A LOSS CONTINGENCY IS RECOGNIZED WHEN IT IS PROBABLE THAT A LIABILITY HAS BEEN INCURRED AS OF THE DATE OF THE FINANCIAL STATEMENTS, AND THE AMOUNT OF THE LOSS CAN BE REASONABLY ESTIMATED. THE AMOUNT RECOGNIZED IS SUBJECT TO ESTIMATE AND MANAGEMENT JUDGMENT WITH RESPECT TO THE LIKELY OUTCOME OF EACH UNCERTAIN TAX POSITION. THE AMOUNT THAT IS ULTIMATELY SUSTAINED FOR AN INDIVIDUAL UNCERTAIN TAX POSITION OR FOR ALL UNCERTAIN TAX POSITIONS IN THE AGGREGATE COULD DIFFER FROM THE AMOUNT RECOGNIZED. 3CDC ANALYZED ITS INCOME TAX POSITIONS AND CONCLUDED THAT IT HAD NO UNCERTAIN TAX POSITIONS AS OF DECEMBER 31, 2013 AND 2012. TAX YEARS OPEN TO EXAMINATION INCLUDE 2013, 2012, AND 2011.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01197583
IRS990ScheduleD/TotalBookValueProgramRltdAmt014857989
IRS990ScheduleD/TotalLiabilityAmt04906138
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/RecipientTable/CashGrantAmt0150000
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0Contribution as part of the lease for a property at 33 Green St in our target area.
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine10CORNERSTONE CORPORATION FOR SHARED EQUITY
IRS990ScheduleI/RecipientTable/RecipientEIN0311170803
IRS990ScheduleI/RecipientTable/USAddress/AddressLine101641 VINE ST

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$24.4$29.7$5.36$0.21$0.01$0.20
2023Detailed filing. Detailed filing data is available for this year.$25.3$30.8$5.56$0.31$0.51$0.20
2022Detailed filing. Detailed filing data is available for this year.$23.7$29.1$5.36$0.20$0.06$0.26
2021Detailed filing. Detailed filing data is available for this year.$24.0$29.1$5.11$0.05$0.52$0.57
2020Detailed filing. Detailed filing data is available for this year.$31.8$36.3$4.53$0.13$0.10$0.02
2019Detailed filing. Detailed filing data is available for this year.$31.2$39.4$8.29$0.37$0.05$0.32
2018Detailed filing. Detailed filing data is available for this year.$18.3$24.1$5.86$0.23$0.04$0.19
2017Detailed filing. Detailed filing data is available for this year.$21.4$26.9$5.47$0.18$0.22$0.41
2016Detailed filing. Detailed filing data is available for this year.$20.3$25.1$4.82$1.64$0.50$1.15
2015Detailed filing. Detailed filing data is available for this year.$21.4$27.4$5.96$0.55$0.68$0.12
2014Detailed filing. Detailed filing data is available for this year.$15.9$21.9$6.05$0.41$0.49$0.08
2013Detailed filing. Detailed filing data is available for this year.$17.2$22.5$5.30$1.34$0.55$0.79
2012Summary only. Only limited summary data is available for this year.$19.0$25.1$6.09$1.43$0.31$1.12
2011Summary only. Only limited summary data is available for this year.$18.2$23.7$5.56$0.77$0.50$0.27
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$13.5$18.7$5.22$0.06