Civic Intelligence

Canal Park Inc.

990 • Fiscal year 2021 • EIN 27-0919952

Oct 01, 2020 to Sep 30, 2021 • Filed on Aug 11, 2022

Organization ProfileWWW.CANALPARKDC.ORG
1100 New Jersey Ave SE No 1000Washington, DC 20003

(202) 371-1220

Siviq Scores

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

Liabilities / Assets

13th percentile

0.01x

Higher debt load relative to assets than 13% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Liabilities / Revenue

67th percentile

0.46x

Higher debt load relative to revenue than 67% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Net Margin

1st percentile

-840%

Higher net margin than 1% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Top Officer Pay

14th percentile

$0

Higher top officer pay than 14% of similar nonprofits.

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

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Asset Growth

7th percentile

-8.9%

Faster asset growth than 7% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2020 to 2021

Revenue Growth

3rd percentile

-64%

Faster revenue growth than 3% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets13th percentile

Assets

Down

$13,259,170

Down $1,292,429 (-8.9%) from 2020

Net Assets

Down

$13,189,226

Down $1,280,407 (-8.8%) from 2020

Liabilities

Down

$69,944

Down $12,022 (-15%) from 2020

Revenue And Expenses
Liabilities / Revenue67th percentileNet Margin1st percentile

Revenue

Down

$152,392

Down $269,247 (-64%) from 2020

Expenses

Down

$1,432,799

Down $335,589 (-19%) from 2020

Net Income

Up

-$1,280,407

Up $66,342 (+4.9%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth7th percentile

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

$30M$20M$10M$0Assets 2012: $29,111,843Liabilities 2012: $18,146,604Net Assets 2012: $10,965,2392012Assets 2013: $26,863,296Liabilities 2013: $14,325,980Net Assets 2013: $12,537,3162013Assets 2014: $24,611,384Liabilities 2014: $14,332,421Net Assets 2014: $10,278,9632014Assets 2015: $22,693,130Liabilities 2015: $14,441,243Net Assets 2015: $8,251,8872015Assets 2016: $20,778,704Liabilities 2016: $14,478,649Net Assets 2016: $6,300,0552016Assets 2017: $19,023,656Liabilities 2017: $14,517,066Net Assets 2017: $4,506,5902017Assets 2018: $17,213,321Liabilities 2018: $42,277Net Assets 2018: $17,171,0442018Assets 2019: $15,903,954Liabilities 2019: $87,572Net Assets 2019: $15,816,3822019Assets 2020: $14,551,599Liabilities 2020: $81,966Net Assets 2020: $14,469,6332020Assets 2021: $13,259,170Liabilities 2021: $69,944Net Assets 2021: $13,189,2262021Assets 2022: $11,877,818Liabilities 2022: $27,441Net Assets 2022: $11,850,3772022Assets 2023: $10,624,398Liabilities 2023: $21,849Net Assets 2023: $10,602,5492023Assets 2024: $9,359,586Liabilities 2024: $25,206Net Assets 2024: $9,334,3802024Assets 2025: $8,058,764Liabilities 2025: $29,478Net Assets 2025: $8,029,2862025

Highlighted filing

2021

Assets$13,259,170
Liabilities$69,944
Net Assets$13,189,226
Open 2021 Filing

Operations Trend

Revenue Growth3rd percentile

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

$20M$15M$10M$5.0M$0-$5.0MExpenses 2012: $20,7432012Expenses 2013: $1,722,0542013Revenue 2014: $364,689Expenses 2014: $2,623,042Net Income 2014: -$2,258,3532014Revenue 2015: $452,859Expenses 2015: $2,479,935Net Income 2015: -$2,027,0762015Revenue 2016: $335,706Expenses 2016: $2,229,442Net Income 2016: -$1,893,7362016Revenue 2017: $306,731Expenses 2017: $2,100,196Net Income 2017: -$1,793,4652017Revenue 2018: $15,314,610Expenses 2018: $1,995,835Net Income 2018: $13,318,7752018Revenue 2019: $457,864Expenses 2019: $1,812,526Net Income 2019: -$1,354,6622019Revenue 2020: $421,639Expenses 2020: $1,768,388Net Income 2020: -$1,346,7492020Revenue 2021: $152,392Expenses 2021: $1,432,799Net Income 2021: -$1,280,4072021Revenue 2022: $532,498Expenses 2022: $1,871,347Net Income 2022: -$1,338,8492022Revenue 2023: $446,647Expenses 2023: $1,756,858Net Income 2023: -$1,310,2112023Revenue 2024: $522,862Expenses 2024: $1,791,031Net Income 2024: -$1,268,1692024Revenue 2025: $431,691Expenses 2025: $1,736,785Net Income 2025: -$1,305,0942025

Highlighted filing

2021

Revenue$152,392
Expenses$1,432,799
Net Income-$1,280,407
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2020 to Sep 30, 2021
Signed
Aug 11, 2022
Return Version
2020v4.2
Gross Receipts
$152,392
Mission and Program Overview

Mission

Promote management of green-space/public park for community, civic, & public use in southeast dc.

SEE PART III, LINE 1.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$14,261,252$12,943,644▼ $1,317,608
Savings and Temporary Cash Investments$174,202$210,421▲ $36,219
Accounts Receivable$25,201$23,437▼ $1,764
Prepaid Expenses and Deferred Charges$1,908$1,803▼ $105
Total Assets$14,551,599$13,259,170▼ $1,292,429
Other Assets Total$89,036$79,865▼ $9,171
Liabilities
Accounts Payable and Accrued Expenses$68,287$56,265▼ $12,022
Other Liabilities$13,679$13,679→ $0
Total Liabilities$81,966$69,944▼ $12,022
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$14,469,633$13,189,226▼ $1,280,407
Total Net Assets Fund Balance$14,469,633$13,189,226▼ $1,280,407
Total Liabilities and Net Assets / Fund Balance$14,551,599$13,259,170▼ $1,292,429

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$6,958,269$11,179,554$18,137,823
Buildings$5,857,032$1,710,474$7,567,506
Equipment$128,343$545,736$674,079
Compensation and Service Providers
Top Officer Pay14th percentile

Board Members and Trustees

NameTitle
William C Smith JrChairperson
Chris VanarsdaleBoard Member
Janet WestonBoard Member
Lesley MorrisonBoard Member
Michael StevensBoard Member
Steve GreenBoard Member
Bradley FennellSecretary
Terry BeaufordTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$25,551
Investment Income
$0
Other Revenue
$126,841
Change in Net Assets
$-1,280,407
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,432,799
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
Depreciation Depletion$1,317,609$9,171-$1,326,780
Insurance-$21,737-$21,737
Office Expenses$12,394--$12,394
Fees for Services Other$8,910--$8,910
Fees for Services Accounting-$5,419-$5,419
Other Expenses$653--$653
Total Functional Expenses$1,396,472$36,327$0$1,432,799
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
Deposit$13,679
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
No
Backup withholding compliance
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

“The organization's chairperson is an officer and majority shareholder of william c. Smith & co., a washington d.c. Property management company, where the organization's secretary and treasurer are also affiliated as officers. The organization's officers are not compensated by canal park, inc.”

Form 990, Part VI, Section B, Line 11B

“The form 990 was prepared by independent accountants and reviewed by management. It was then provided to the full board before it was filed.”

Form 990, Part VI, Section B, Line 12C

“The organization's procedure to regularly and consistently monitor and enforce conflict of interest policy consists of each board member signing the conflict of interest statement and returning the form at the annual meeting. Any reported conflicts of interest are managed on a case by case basis.”

Form 990, Part VI, Section C, Line 19

“The organization makes its governing documents and financial statements available to the public upon reasonable request.”

Filing and Contact Details

Filer

Filer Name
Canal Park Inc
EIN
27-0919952
Phone
2023711220
Address
1100 NEW JERSEY AVE SE NO 1000, WASHINGTON, DC 20003

Signing Officer

Name
Terry Beauford
Title
Treasurer
Phone
2023711220
Signed
2022-08-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
William C Smith Jr
Formed
2009
Legal Domicile
Dc
Voting Board Members
8
Independent Board Members
8
Employees
0
Volunteers
8

Preparer

Firm
Gelman Rosenberg & Freedman
Address
4550 MONTGOMERY AVE SUITE 800N, BETHESDA, MD 20814-2930
Preparer
Richard J Locastro CPA
Phone
3019519090
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

“For the year ended september 30, 2021, cpi has documented its consideration of fasb asc 740-10, income taxes, that provides guidance for reporting uncertainty in income taxes and has determined that no material uncertain tax positions qualify for either recognition or disclosure in the financial statements.”

Raw XML Appendix370 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/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt046000
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt015098587
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt06400
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt015150987
IRS990ScheduleA/TotalSupportAmt015806665
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt05857032
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01710474
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt07567506
IRS990ScheduleD/EquipmentGrp/BookValueAmt0128343
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0545736
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0674079
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt06958269
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt011179554
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt018137823
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt013679
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DEPOSIT
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0FOR THE YEAR ENDED SEPTEMBER 30, 2021, CPI HAS DOCUMENTED ITS CONSIDERATION OF FASB ASC 740-10, INCOME TAXES, THAT PROVIDES GUIDANCE FOR REPORTING UNCERTAINTY IN INCOME TAXES AND HAS DETERMINED THAT NO MATERIAL UNCERTAIN TAX POSITIONS QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt012943644
IRS990ScheduleD/TotalLiabilityAmt013679
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION'S CHAIRPERSON IS AN OFFICER AND MAJORITY SHAREHOLDER OF WILLIAM C. SMITH & CO., A WASHINGTON D.C. PROPERTY MANAGEMENT COMPANY, WHERE THE ORGANIZATION'S SECRETARY AND TREASURER ARE ALSO AFFILIATED AS OFFICERS. THE ORGANIZATION'S OFFICERS ARE NOT COMPENSATED BY CANAL PARK, INC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FORM 990 WAS PREPARED BY INDEPENDENT ACCOUNTANTS AND REVIEWED BY MANAGEMENT. IT WAS THEN PROVIDED TO THE FULL BOARD BEFORE IT WAS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION'S PROCEDURE TO REGULARLY AND CONSISTENTLY MONITOR AND ENFORCE CONFLICT OF INTEREST POLICY CONSISTS OF EACH BOARD MEMBER SIGNING THE CONFLICT OF INTEREST STATEMENT AND RETURNING THE FORM AT THE ANNUAL MEETING. ANY REPORTED CONFLICTS OF INTEREST ARE MANAGED ON A CASE BY CASE BASIS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REASONABLE REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt014551599
IRS990/TotalAssetsEOYAmt013259170
IRS990/TotalAssetsGrp/BOYAmt014551599
IRS990/TotalAssetsGrp/EOYAmt013259170
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt036327
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01396472
IRS990/TotalFunctionalExpensesGrp/TotalAmt01432799
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt081966
IRS990/TotalLiabilitiesEOYAmt069944
IRS990/TotalLiabilitiesGrp/BOYAmt081966
IRS990/TotalLiabilitiesGrp/EOYAmt069944
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt014469633
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt013189226
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt01396472
IRS990/TotalProgramServiceRevenueAmt025551
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt0126841
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt025551
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0152392
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt08
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt014551599
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt013259170
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01100 NEW JERSEY AVE SE NO 1000
IRS990/USAddress/CityNm0WASHINGTON
IRS990/USAddress/StateAbbreviationCd0DC
IRS990/USAddress/ZIPCd020003
IRS990/VotingMembersGoverningBodyCnt08
IRS990/VotingMembersIndependentCnt08
IRS990/WebsiteAddressTxt0WWW.CANALPARKDC.ORG
IRS990/WhistleblowerPolicyInd00
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd03
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0TERRY BEAUFORD
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum02023711220
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-08-11
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0CANAL PARK INC
ReturnHeader/Filer/BusinessNameControlTxt0CANA
ReturnHeader/Filer/EIN0270919952
ReturnHeader/Filer/PhoneNum02023711220
ReturnHeader/Filer/USAddress/AddressLine1Txt01100 NEW JERSEY AVE SE NO 1000
ReturnHeader/Filer/USAddress/CityNm0WASHINGTON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0DC
ReturnHeader/Filer/USAddress/ZIPCd020003
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0521392008
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0GELMAN ROSENBERG & FREEDMAN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt04550 MONTGOMERY AVE SUITE 800N
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0BETHESDA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0208142930
ReturnHeader/PreparerPersonGrp/PhoneNum03019519090
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0RICHARD J LOCASTRO CPA
ReturnHeader/ReturnTs02022-08-11T09:15:36-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0TERRY
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0BEAUFORD
ReturnHeader/TaxPeriodBeginDt02020-10-01
ReturnHeader/TaxPeriodEndDt02021-09-30
ReturnHeader/TaxYr02020

Document Assets

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Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$13,259,170
Liabilities
$69,944
Net assets
$13,189,226
Revenue
$152,392
Expenses
$1,432,799
Net income
-$1,280,407
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$8.06$0.03$8.03$0.43$1.74$1.31
2024Detailed filing. Detailed filing data is available for this year.$9.36$0.03$9.33$0.52$1.79$1.27
2023Detailed filing. Detailed filing data is available for this year.$10.6$0.02$10.6$0.45$1.76$1.31
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$11.9$0.03$11.9$0.53$1.87$1.34
2021Detailed filing. Detailed filing data is available for this year.$13.3$0.07$13.2$0.15$1.43$1.28
2020Detailed filing. Detailed filing data is available for this year.$14.6$0.08$14.5$0.42$1.77$1.35
2019Detailed filing. Detailed filing data is available for this year.$15.9$0.09$15.8$0.46$1.81$1.35
2018Detailed filing. Detailed filing data is available for this year.$17.2$0.04$17.2$15.3$2.00$13.3
2017Detailed filing. Detailed filing data is available for this year.$19.0$14.5$4.51$0.31$2.10$1.79
2016Detailed filing. Detailed filing data is available for this year.$20.8$14.5$6.30$0.34$2.23$1.89
2015Detailed filing. Detailed filing data is available for this year.$22.7$14.4$8.25$0.45$2.48$2.03
2014Detailed filing. Detailed filing data is available for this year.$24.6$14.3$10.3$0.36$2.62$2.26
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$26.9$14.3$12.5$1.72
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$29.1$18.1$11.0$0.02