Civic Intelligence

Community Development Foundation

990 • Fiscal year 2023 • EIN 26-4731595

Jul 01, 2022 to Jun 30, 2023 • Filed on Jan 03, 2024

Organization ProfileWWW.FAYCDF.ORG
201 Hay Street Ste 401 AFayetteville, NC 28301

(910) 500-6464

Siviq Scores

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

Liabilities / Assets

96th percentile

0.95x

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

2023 filings • NTEE A • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

100th percentile

27.18x

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

2023 filings • NTEE A • $1M-$5M nonprofits • Source year 2023

Net Margin

75th percentile

24%

Higher net margin than 75% of similar nonprofits.

2023 filings • NTEE A • $1M-$5M nonprofits • Source year 2023

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.

2023 filings • NTEE A • $1M-$5M nonprofits • Source year 2023

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2023

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2023

Balance Sheet
Liabilities / Assets96th percentile

Assets

Up

$2,640,376

Up $2,426,562 (+1135%) from 2015

Net Assets

Up

$140,376

Up $11,638 (+9.0%) from 2015

Liabilities

Up

$2,500,000

Up $2,414,924 (+2839%) from 2015

Revenue And Expenses
Liabilities / Revenue100th percentileNet Margin75th percentile

Revenue

Up

$91,965

Up $91,365 (+15228%) from 2015

Expenses

Down

$69,848

Down $260,823 (-79%) from 2015

Net Income

Up

$22,117

Up $352,188 (+107%) from 2015

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

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

$8.0M$6.0M$4.0M$2.0M$0Assets 2011: $1,189,734Liabilities 2011: $3,414Net Assets 2011: $1,186,3202011Assets 2012: $952,383Liabilities 2012: $5,500Net Assets 2012: $946,8832012Assets 2013: $725,573Liabilities 2013: $1,116Net Assets 2013: $724,4572013Assets 2014: $547,144Liabilities 2014: $88,335Net Assets 2014: $458,8092014Assets 2015: $213,814Liabilities 2015: $85,076Net Assets 2015: $128,7382015Assets 2023: $2,640,376Liabilities 2023: $2,500,000Net Assets 2023: $140,3762023Assets 2024: $2,713,400Liabilities 2024: $2,500,000Net Assets 2024: $213,4002024Assets 2025: $7,368,636Liabilities 2025: $5,005,605Net Assets 2025: $2,363,0312025

Highlighted filing

2023

Assets$2,640,376
Liabilities$2,500,000
Net Assets$140,376
Open 2023 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2011: $421,7462011Expenses 2012: $283,4342012Expenses 2013: $255,4472013Revenue 2014: $7,518Expenses 2014: $273,166Net Income 2014: -$265,6482014Revenue 2015: $600Expenses 2015: $330,671Net Income 2015: -$330,0712015Revenue 2023: $91,965Expenses 2023: $69,848Net Income 2023: $22,1172023Revenue 2024: $198,809Expenses 2024: $125,785Net Income 2024: $73,0242024Revenue 2025: $2,399,228Expenses 2025: $475,990Net Income 2025: $1,923,2382025

Highlighted filing

2023

Revenue$91,965
Expenses$69,848
Net Income$22,117
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
Jan 3, 2024
Return Version
2022v5.0
Gross Receipts
$91,965
Mission and Program Overview

Mission

Economic development in fayetteville nc and cumberland county.

To provided services to help the community to grow and develop business relations with new and old business that are in the community and new ones that come in.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$118,259$2,640,376▲ $2,522,117
Total Assets$118,259$2,640,376▲ $2,522,117
Liabilities
Deferred Revenue-$2,500,000-
Total Liabilities$0$2,500,000▲ $2,500,000
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$118,259$140,376▲ $22,117
Total Net Assets Fund Balance$118,259$140,376▲ $22,117
Total Liabilities and Net Assets / Fund Balance$118,259$2,640,376▲ $2,522,117
Compensation and Service Providers
Top Officer Pay37th percentile

Board Members and Trustees

NameTitle
John MccauleyChairman
Andrew PenninkVice Chair
Bill HedgepethDirector
Charles HorneDirector
Chris BostockDirector
David McneillDirector
Dohn BroadwellDirector
Eddie MassengaleDirector
Ferd IrizarryDirector
Jack RostetterDirector
John NelmsDirector
Lou HuddlestonDirector
Mac HealyDirector
Marty CaytonDirector
Palmer WilliamsDirector
Rajan ShamdasaniDirector
Ralph HuffDirector
Ronnie ThompsonDirector
Sam BlattDirector
Tammy ThurmanDirector
Tim RichardsonDirector
Tim SabirDirector
Zack ZeiglerDirector
Vivek TandonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$71,146
Program Service Revenue
$0
Investment Income
$20,819
Other Revenue
$0
Change in Net Assets
$22,117

Audited Revenue Reconciliation

Revenue per Audited Statements
$91,965
Total Revenue per Audited Statements
$91,965
Total Revenue per Form 990
$91,965
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$69,848
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
Other Expenses$6,019$500-$500
All Other Expenses-$252-$252
Total Functional Expenses$69,096$752$0$69,848

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$69,848
Total Expenses per Audited Statements$69,848
Total Expenses per Form 990$69,848
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
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
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 11B

“Review by the board of directors”

Form 990, Page 6, Part VI, Line 19

“AVAILABLE UPON REQUEST”

Filing and Contact Details

Filer

Filer Name
Community Development Foundation
EIN
26-4731595
Phone
9105006464
Address
201 HAY STREET STE 401 A, FAYETTEVILLE, NC 28301

Signing Officer

Name
John Mccauley
Title
Chairman
Phone
9105006464
Signed
2024-01-03
Discuss with paid preparer
Yes

Organization Details

Principal Officer
John Mccauley
Formed
2009
Legal Domicile
Nc
Voting Board Members
24
Independent Board Members
24
Employees
0
Volunteers
24

Preparer

Firm
Norman Bass & Parnell Cpas Pllc
Address
PO BOX 87047, FAYETTEVILLE, NC 28304
Preparer
Larry L Bass
Phone
9104840145
Supplemental Narrative

Additional Explanations

Form 990, Page 1, Part I, Line 6

“Board of directors. Management and direction”

Raw XML Appendix379 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/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct01.00000
IRS990ScheduleA/PublicSupportTotal170Amt071146
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt071146
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt071146
IRS990ScheduleA/TotalSupportAmt071146
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/ExpensesSubtotalAmt069848
IRS990ScheduleD/RevenueSubtotalAmt091965
IRS990ScheduleD/TotalExpensesPerForm990Amt069848
IRS990ScheduleD/TotalRevenuePerForm990Amt091965
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt091965
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt069848
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0BOARD OF DIRECTORS. MANAGEMENT AND DIRECTION
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1REVIEW BY THE BOARD OF DIRECTORS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2AVAILABLE UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 1, PART I, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0118259
IRS990/TotalAssetsEOYAmt02640376
IRS990/TotalAssetsGrp/BOYAmt0118259
IRS990/TotalAssetsGrp/EOYAmt02640376
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt071146
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0752
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt069096
IRS990/TotalFunctionalExpensesGrp/TotalAmt069848
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt02500000
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt02500000
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0118259
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0140376
IRS990/TotalProgramServiceExpensesAmt069096
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt020819
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt091965
IRS990/TotalVolunteersCnt024
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0118259
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02640376
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IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
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IRS990/VotingMembersIndependentCnt024
IRS990/WebsiteAddressTxt0WWW.FAYCDF.ORG
IRS990/WhistleblowerPolicyInd0true
ReasonableCauseExplanation/ExplanationTxt0THE ORGANIZATION HAS NEVER BEEN REQUIRED TO FILE 990. THEY HAVE TIMELY FILED THE POSTCARD 990N FOR ORGAINZATIONS WITH LESS THAN 50,000 IN REVENUE. THEIR REVENUE WAS OVER 50,000 FOR THE FIRST TIME FOR THE JUNE 30, 2023 TAX YEAR, WHICH REQUIRED THE 990 IN LEIU OF THE 990N. THE BOARD OF DIRECTORS HAS HIRED AN OUTSIDE CPA FIRM TO PREPARE THEIR 990 TAX RETURNS NOW AND FOR THE FUTURE SO THEY WILL HAVE TIMELY FILINGS MOVING FOWARD. PLEASE ABATE ANY PENALTIES ASSOCIATED WITH THE LATE FILING OF THE 990. THANK YOU IN ADVANCE FOR YOUR COOPERATION IN THIS MATTER.
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0JOHN MCCAULEY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHAIRMAN
ReturnHeader/BusinessOfficerGrp/PhoneNum09105006464
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-01-03
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0COMMUNITY DEVELOPMENT FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0COMM
ReturnHeader/Filer/EIN0264731595
ReturnHeader/Filer/PhoneNum09105006464
ReturnHeader/Filer/USAddress/AddressLine1Txt0201 HAY STREET STE 401 A
ReturnHeader/Filer/USAddress/CityNm0FAYETTEVILLE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NC
ReturnHeader/Filer/USAddress/ZIPCd028301
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0934924205
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0NORMAN BASS & PARNELL CPAS PLLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO BOX 87047
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0FAYETTEVILLE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd028304
ReturnHeader/PreparerPersonGrp/PhoneNum09104840145
ReturnHeader/PreparerPersonGrp/PreparationDt02024-01-19
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0LARRY L BASS
ReturnHeader/ReturnTs02024-02-01T15:03:54-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0KELVIN
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0FARMER
ReturnHeader/TaxPeriodBeginDt02022-07-01
ReturnHeader/TaxPeriodEndDt02023-06-30
ReturnHeader/TaxYr02022

Document Assets

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Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,640,376
Liabilities
$2,500,000
Net assets
$140,376
Revenue
$91,965
Expenses
$69,848
Net income
$22,117
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.37$5.01$2.36$2.40$0.48$1.92
2024Detailed filing. Detailed filing data is available for this year.$2.71$2.50$0.21$0.20$0.13$0.07
2023Detailed filing. Detailed filing data is available for this year.$2.64$2.50$0.14$0.09$0.07$0.02
2015Detailed filing. Detailed filing data is available for this year.$0.21$0.09$0.13$0.00$0.33$0.33
2014Detailed filing. Detailed filing data is available for this year.$0.55$0.09$0.46$0.01$0.27$0.27
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.73$0.00$0.72$0.26
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.95$0.01$0.95$0.28
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.19$0.00$1.19$0.42