Civic Intelligence

Central Pennsylvania Development Corporation Inc.

990 • Fiscal year 2023 • EIN 25-1522733

Jul 01, 2022 to Jun 30, 2023 • Filed on Feb 23, 2024

PO Box 792Clearfield, PA 16830

(814) 765-1551

Siviq Scores

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

Liabilities / Assets

73rd percentile

0.28x

Higher debt load relative to assets than 73% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2023

Net Margin

100th percentile

127%

Higher net margin than 100% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

62nd percentile

$88,604

Higher top officer pay than 62% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Asset Growth

10th percentile

-14%

Faster asset growth than 10% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2022 to 2023

Assets

Down

$2,809,390

Down $452,871 (-14%) from 2022

Net Assets

Down

$2,034,192

Down $881,464 (-30%) from 2022

Liabilities

Up

$775,198

Up $428,593 (+124%) from 2022

Revenue

Down

-$709,592

Down $779,039 (-1122%) from 2022

Expenses

Down

$188,453

Down $60,475 (-24%) from 2022

Net Income

Down

-$898,045

Down $718,564 (-400%) from 2022

Historical Trend

Balance Sheet Trend

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2011: $2,279,744Liabilities 2011: $165,654Net Assets 2011: $2,114,0902011Assets 2012: $2,460,503Liabilities 2012: $231,159Net Assets 2012: $2,229,3442012Assets 2013: $2,385,258Liabilities 2013: $179,138Net Assets 2013: $2,206,1202013Assets 2014: $2,589,962Liabilities 2014: $156,408Net Assets 2014: $2,433,5542014Assets 2015: $2,533,541Liabilities 2015: $176,614Net Assets 2015: $2,356,9272015Assets 2016: $2,361,390Liabilities 2016: $167,812Net Assets 2016: $2,193,5782016Assets 2017: $2,332,020Liabilities 2017: $148,344Net Assets 2017: $2,183,6762017Assets 2018: $2,359,998Liabilities 2018: $137,587Net Assets 2018: $2,222,4112018Assets 2019: $2,937,140Liabilities 2019: $141,825Net Assets 2019: $2,795,3152019Assets 2020: $3,023,721Liabilities 2020: $150,055Net Assets 2020: $2,873,6662020Assets 2021: $3,267,864Liabilities 2021: $172,727Net Assets 2021: $3,095,1372021Assets 2022: $3,262,261Liabilities 2022: $346,605Net Assets 2022: $2,915,6562022Assets 2023: $2,809,390Liabilities 2023: $775,198Net Assets 2023: $2,034,1922023Assets 2024: $2,688,735Liabilities 2024: $759,985Net Assets 2024: $1,928,7502024

Highlighted filing

2023

Assets$2,809,390
Liabilities$775,198
Net Assets$2,034,192

Operations Trend

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

$1.0M$500K$0-$500K-$1.0MExpenses 2011: $181,8282011Expenses 2012: $200,0642012Expenses 2013: $201,7202013Revenue 2014: $503,072Expenses 2014: $209,516Net Income 2014: $293,5562014Revenue 2015: $135,164Expenses 2015: $211,791Net Income 2015: -$76,6272015Revenue 2016: $217,719Expenses 2016: $381,068Net Income 2016: -$163,3492016Revenue 2017: $205,487Expenses 2017: $217,851Net Income 2017: -$12,3642017Revenue 2018: $240,629Expenses 2018: $201,894Net Income 2018: $38,7352018Revenue 2019: $313,655Expenses 2019: $161,559Net Income 2019: $152,0962019Revenue 2020: $255,468Expenses 2020: $177,117Net Income 2020: $78,3512020Revenue 2021: $453,387Expenses 2021: $231,916Net Income 2021: $221,4712021Revenue 2022: $69,447Expenses 2022: $248,928Net Income 2022: -$179,4812022Revenue 2023: -$709,592Expenses 2023: $188,453Net Income 2023: -$898,0452023Revenue 2024: $103,069Expenses 2024: $208,511Net Income 2024: -$105,4422024

Highlighted filing

2023

Revenue-$709,592
Expenses$188,453
Net Income-$898,045
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
Feb 23, 2024
Return Version
2022v5.0
Gross Receipts
$936,362
Mission and Program Overview

Mission

Provide and administer afforable housing in Clearfield County, Pennsylvania.

Providing for and administering affordable housing in clearfield county, pa.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,745,306$2,483,466▼ $261,840
Other Notes and Loans Receivable, Net$60,517$139,380▲ $78,863
Accounts Receivable$27,179$23,028▼ $4,151
Cash and Non-Interest-Bearing Accounts$239,528$2,996▼ $236,532
Total Assets$3,262,261$2,809,390▼ $452,871
Other Assets Total$189,731$160,520▼ $29,211
Liabilities
Mortgage Notes Payable Secured by Investment Property$245,901$671,469▲ $425,568
Accounts Payable and Accrued Expenses$53,523$62,207▲ $8,684
Other Liabilities$43,365$30,876▼ $12,489
Deferred Revenue$3,816$10,646▲ $6,830
Total Liabilities$346,605$775,198▲ $428,593
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,915,656$2,034,192▼ $881,464
Total Net Assets Fund Balance$2,915,656$2,034,192▼ $881,464
Total Liabilities and Net Assets / Fund Balance$3,262,261$2,809,390▼ $452,871

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,465,026-$2,465,026
Other Land Buildings$16,667$110,971$127,638
Equipment$1,773$8,301$10,074
Other Assets Org$160,520--
Compensation and Service Providers

Employees

NameTitleOtherTotal
Michelle StinerSecretary/tr$88,604$88,604

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$405,368
Investment Income
$-222,324
Other Revenue
$-892,636
Change in Net Assets
$-898,045
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$161,063
Other Expenses$27,390
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$91,214$30,405-$121,619
Other Employee Benefits$20,591$6,864-$27,455
Fees for Services Other-$13,268-$13,268
Payroll Taxes$8,992$2,997-$11,989
Office Expenses$4,575$1,525-$6,100
Travel$2,838$946-$3,784
Other Expenses$1,549$517-$2,066
Total Functional Expenses$131,388$57,065$0$188,453
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
Security Deposits Payable$21,703
Accrued Payroll Taxes$9,173
Governance and Compliance

Governance Checklist

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

Governance Explanations

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

Form 990 was presented to organization for review and comment prior to submission of form 990 to internal revenue service.

Form 990, Page 6, Part VI, Line 19

Documents are available for public inspection upon request.

Filing and Contact Details

Filer

Filer Name
Central Pennsylvania Development
EIN
25-1522733
Phone
8147651551
Address
PO BOX 792, CLEARFIELD, PA 16830

Signing Officer

Name
Michelle Stiner
Title
Secretary/treasurer
Phone
8147651551
Signed
2024-02-23
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michelle Stiner
Formed
1983
Legal Domicile
Pa
Voting Board Members
9
Independent Board Members
8
Employees
0

Preparer

Firm
Catalano Casecatalano & Clark-radzieta
Address
9 N FRONT ST, CLEARFIELD, PA 16830-2455
Preparer
Tracy M Clark-radzieta CPA
Phone
8147651624
Supplemental Narrative

Additional Explanations

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

Providing management services to hud funded rental properties owned by related 501(c) (3) corporations. Purchasing, rehabilitating, and selling to qualified individuals, single family homes through the hud "homes" program. Providing affordable housing in clearfield county pennsylvania. Management fees revenue 405,368 providing affordable housing 476,654 related expenses............ (1,372,870) ----------- net rental (loss)......... (896,216)

Financial Statement Notes

Schedule D, Page 3, Part X

Effective july 1, 2015, the project adopted financial accounting standards board, accounting standards codification 740, accounting for uncertainty in income taxes - an interpretation of fasb statement no. 109 (fin 48). Fin 48 clarifies the accounting for uncertainty in income tax recognized in an entity's financial statements. Fin 48 requires entities to determine whether it is more likely than not that a tax position will be sustained upon examination by the appropriate taxing authorities before any part of the benefit can be recorded in the financial statements. It also provides guidance on the recognition, measurement, and classi- fication of income tax uncertainties, along with any related inter- est or penalties. A tax position is measured at the largest amount of benefit that is greater than fifty percent likely of being real- ized upon settlement. The adoption of fasb asc 740 had no impact on the project's financial statements.

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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0EFFECTIVE JULY 1, 2015, THE PROJECT ADOPTED FINANCIAL ACCOUNTING STANDARDS BOARD, ACCOUNTING STANDARDS CODIFICATION 740, ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES - AN INTERPRETATION OF FASB STATEMENT NO. 109 (FIN 48). FIN 48 CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAX RECOGNIZED IN AN ENTITY'S FINANCIAL STATEMENTS. FIN 48 REQUIRES ENTITIES TO DETERMINE WHETHER IT IS MORE LIKELY THAN NOT THAT A TAX POSITION WILL BE SUSTAINED UPON EXAMINATION BY THE APPROPRIATE TAXING AUTHORITIES BEFORE ANY PART OF THE BENEFIT CAN BE RECORDED IN THE FINANCIAL STATEMENTS. IT ALSO PROVIDES GUIDANCE ON THE RECOGNITION, MEASUREMENT, AND CLASSI- FICATION OF INCOME TAX UNCERTAINTIES, ALONG WITH ANY RELATED INTER- EST OR PENALTIES. A TAX POSITION IS MEASURED AT THE LARGEST AMOUNT OF BENEFIT THAT IS GREATER THAN FIFTY PERCENT LIKELY OF BEING REAL- IZED UPON SETTLEMENT. THE ADOPTION OF FASB ASC 740 HAD NO IMPACT ON THE PROJECT'S FINANCIAL STATEMENTS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0PROVIDING MANAGEMENT SERVICES TO HUD FUNDED RENTAL PROPERTIES OWNED BY RELATED 501(C) (3) CORPORATIONS. PURCHASING, REHABILITATING, AND SELLING TO QUALIFIED INDIVIDUALS, SINGLE FAMILY HOMES THROUGH THE HUD "HOMES" PROGRAM. PROVIDING AFFORDABLE HOUSING IN CLEARFIELD COUNTY PENNSYLVANIA. MANAGEMENT FEES REVENUE 405,368 PROVIDING AFFORDABLE HOUSING 476,654 RELATED EXPENSES............ (1,372,870) ----------- NET RENTAL (LOSS)......... (896,216)
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1FORM 990 WAS PRESENTED TO ORGANIZATION FOR REVIEW AND COMMENT PRIOR TO SUBMISSION OF FORM 990 TO INTERNAL REVENUE SERVICE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DOCUMENTS ARE AVAILABLE FOR PUBLIC INSPECTION UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 2, PART III, LINE 4A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt3COMM ACTION IN CLFD COUNTY INC
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.69$0.76$1.93$0.10$0.21$0.11
2023Detailed filing. Detailed filing data is available for this year.$2.81$0.78$2.03$0.71$0.19$0.90
2022Detailed filing. Detailed filing data is available for this year.$3.26$0.35$2.92$0.07$0.25$0.18
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.27$0.17$3.10$0.45$0.23$0.22
2020Detailed filing. Detailed filing data is available for this year.$3.02$0.15$2.87$0.26$0.18$0.08
2019Detailed filing. Detailed filing data is available for this year.$2.94$0.14$2.80$0.31$0.16$0.15
2018Detailed filing. Detailed filing data is available for this year.$2.36$0.14$2.22$0.24$0.20$0.04
2017Detailed filing. Detailed filing data is available for this year.$2.33$0.15$2.18$0.21$0.22$0.01
2016Detailed filing. Detailed filing data is available for this year.$2.36$0.17$2.19$0.22$0.38$0.16
2015Detailed filing. Detailed filing data is available for this year.$2.53$0.18$2.36$0.14$0.21$0.08
2014Detailed filing. Detailed filing data is available for this year.$2.59$0.16$2.43$0.50$0.21$0.29
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.39$0.18$2.21$0.20
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.46$0.23$2.23$0.20
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.28$0.17$2.11$0.18