Liabilities / Assets
80th percentile
Higher debt load relative to assets than 80% of similar nonprofits.
Economic and Community Development Institute Inc.
990 • Fiscal year 2012 • EIN 31-1145544
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
0.69x
Liabilities / Revenue
Score unavailable
Liabilities-to-revenue requires both liabilities and revenue on this filing.
Net Margin
Score unavailable
Net margin requires both revenue and expenses on this filing.
Top Officer Pay
Score unavailable
This filing does not contain officer compensation rows.
Asset Growth
95th percentile
Faster asset growth than 95% of similar nonprofits.
Revenue Growth
Score unavailable
No valid filing value is available for this score.
Balance Sheet
Assets
Up$11,407,114
Up $3,670,679 (+47%) from 2011
Net Assets
Up$3,566,356
Up $583,077 (+20%) from 2011
Liabilities
Up$7,840,758
Up $3,087,602 (+65%) from 2011
Revenue And Expenses
Revenue
-
No earlier filing loaded for comparison.
Expenses
Up$3,403,482
Up $507,736 (+18%) from 2011
Net Income
-
No earlier filing loaded for comparison.
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jul 1, 2011 to Jun 30, 2012
- Signed
- Nov 15, 2012
- Return Version
- 2011v1.2
- Gross Receipts
- $3,986,559
Mission and Program Overview
Mission
Ecdi's mission is to invest in people to create measurable and enduring social and economic change. Ecdi provides a number of critical and valuable services to low and moderate income people throughout the state of ohio.
Major Activities
- Activity 2
- The ECDI Samll Business Loan Program provides loans in amounts up to 100,000 to small businesses in Central Ohio and Southwest Ohio. Under this program, ECDI is able to make loans to low and moderate-income entrepreneurs, or those with insufficient credit histories to qualify for a loan through a traditional financial institution. Rates and terms depend on the risk, size, and profitability of the business as well as the needs of the borrower however these interest rates are fixed. In addition to traditional, fixed-rate loan products, interest-free, fee-based loans are available for borrowers whose religious beliefs preclude them from paying interest.
- Activity 3
- ECDI has extensive training and technical assistance available to help its clients acquire the knowledge and toolsthey need to succeed. All programs begin with foundational Financial Literacy training, which teaches personal financial management skills. ECDI also provides general business development training courses, during which entrepreneurs are given the tools they need to start and successfully manage a business. In addition to financial literacy and general training, ECDI offers business development training geared towards specific industries such as food-based or home-based childcare businesses and ongoing topical seminars that address topics relevant to entrepreneurs. If a client needs additional help, ECDIs staff is trained to address individual issues with the entrepreneur one-on-one.
Filing and Contact Details
Filer
- EIN
- 31-1145544
Raw XML AppendixShowing 400 of 467 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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| IRS990/Activity2/Description | 0 | The ECDI Samll Business Loan Program provides loans in amounts up to 100,000 to small businesses in Central Ohio and Southwest Ohio. Under this program, ECDI is able to make loans to low and moderate-income entrepreneurs, or those with insufficient credit histories to qualify for a loan through a traditional financial institution. Rates and terms depend on the risk, size, and profitability of the business as well as the needs of the borrower however these interest rates are fixed. In addition to traditional, fixed-rate loan products, interest-free, fee-based loans are available for borrowers whose religious beliefs preclude them from paying interest. |
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| IRS990/Activity3/Description | 0 | ECDI has extensive training and technical assistance available to help its clients acquire the knowledge and toolsthey need to succeed. All programs begin with foundational Financial Literacy training, which teaches personal financial management skills. ECDI also provides general business development training courses, during which entrepreneurs are given the tools they need to start and successfully manage a business. In addition to financial literacy and general training, ECDI offers business development training geared towards specific industries such as food-based or home-based childcare businesses and ongoing topical seminars that address topics relevant to entrepreneurs. If a client needs additional help, ECDIs staff is trained to address individual issues with the entrepreneur one-on-one. |
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| IRS990/ActivityOrMissionDescription | 0 | Its mission is to invest in people to create measurable and enduring social and economic change. ECDI provides a number of critical and valuable services to low and moderate income people, primarily in the Columbus Ohio area, including business training, financial literacy training and grants. |
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| IRS990/Description | 0 | Individual Development Accounts IDAs are matched savings accounts that enable low-income American families to save, build assets, and enter the financial mainstream. IDAs reward te monthly savings of working-poor families who are building towards purchasing an asset-most commonly buying their first home, paying for post-secondary education, or starting a small business. ECDI currently offers grant dollars matched to an individuals personal savings for those who wish to start a small business, and have household earned income at or below 200 of the Federal Poverty Guidelines. |
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| IRS990ScheduleD/Form990ScheduleDPartXIV/Explanation | 0 | Loan losses. |
| IRS990ScheduleD/Form990ScheduleDPartXIV/Explanation | 1 | Loan losses. |
| IRS990ScheduleD/Form990ScheduleDPartXIV/Explanation | 2 | EDCI follows FASB guidance on accounting for uncertainty in income taxes, which addresses the determination of whether tax benefits claimed or expected to be claimed on a tax return should be recorded in the financial statements. Accordingly, tax positions are evaluated on whether they meet the more likely than not standard for sustainability on examination by tax authories. ECDI does not believe its financial statements include any uncertain tax positions. At June 30, 2012 and 2011, there |
| IRS990ScheduleD/Form990ScheduleDPartXIV/Explanation | 3 | were no unrecognized tax benefits identified or recorded as liabilities. |
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| IRS990ScheduleD/Land/OtherCostOrOtherBasis | 0 | 51436 |
| IRS990ScheduleD/LeaseholdImprovements/BookValue | 0 | 279045 |
| IRS990ScheduleD/LeaseholdImprovements/Depreciation | 0 | 7606 |
| IRS990ScheduleD/LeaseholdImprovements/OtherCostOrOtherBasis | 0 | 286651 |
| IRS990ScheduleD/OtherExpensesNotIncluded | 0 | 46514 |
| IRS990ScheduleD/OtherLiabilities/Amount | 0 | 7500 |
| IRS990ScheduleD/OtherLiabilities/Description | 0 | Security Deposits |
| IRS990ScheduleD/OtherRevenuesNotIncluded | 0 | 46514 |
| IRS990ScheduleD/RevenueNotRptdOnFinStmt | 0 | 46514 |
| IRS990ScheduleD/RevenueSubtotal | 0 | 3940045 |
| IRS990ScheduleD/TotalExpenses | 0 | 3403482 |
| IRS990ScheduleD/TotalExpensesPerForm990 | 0 | 3403482 |
| IRS990ScheduleD/TotalOfAmounts | 0 | 7500 |
| IRS990ScheduleD/TotalOfBookValueLandBuildings | 0 | 1290919 |
| IRS990ScheduleD/TotalRevenue | 0 | 3986559 |
| IRS990ScheduleD/TotalRevenuePerForm990 | 0 | 3986559 |
| IRS990ScheduleD/TotExpensesEtcAuditedFinclStmt | 0 | 3356968 |
| IRS990ScheduleD/TotRevenueEtcAuditedFinclStmt | 0 | 3940045 |
| IRS990ScheduleI/Form990ScheduleIPartIV/Explanation | 0 | ECDI staff collect and verify nvoices for all qualified IDA assets purchased by our clients. All ECDI micro-enterprise clients who receive an IDA match are required to provide business licensure for themselves and small business vendor licensure when submitting an invoice. |
| IRS990ScheduleI/Form990ScheduleIPartIV/Identifier | 0 | I |
| IRS990ScheduleI/Form990ScheduleIPartIV/ReturnReference | 0 | 2 |
| IRS990ScheduleI/NoGrantMoreThan5000 | 0 | X |
| IRS990ScheduleI/RecordsMaintained | 0 | true |
| IRS990/ScheduleJRequired | 0 | false |
| IRS990ScheduleO/GeneralExplanation/Explanation | 0 | Distributed at board meeting to review before filing. |
| IRS990ScheduleO/GeneralExplanation/Explanation | 1 | The conflict of interest policy is included in the employee handbook and employees must sign as having read and inderstood. The policy is also discussed at quarterly staff meetings. Potential conflicts are to be disclosed in writing to human resources who then investigates, makes an initial finding as to whether a conflict exists, and recommends to management potential action to remedy the situation. The company also has a whistle blower policy, so if a conflict is identified to exist that was not disclosed bt the person who is party to it, it can result in termination of employment. |
| IRS990ScheduleO/GeneralExplanation/Explanation | 2 | Any salary changes for officers are presented to the ECDIs Board of Directors for a vote of approvial. |
| IRS990ScheduleO/GeneralExplanation/Explanation | 3 | Governing documents, the conflict of interest policy, and financial statements are not made available to the public since there is no legal provision to do so. |
| IRS990ScheduleO/GeneralExplanation/Explanation | 4 | Program Service Expenses 369,652, Grants and allocations 0, Revenue 0 ECDIs Home Repair programs primary goal is to decrease the number of senior citizens or disabled persons in Central Ohio who live in unsafe or inaccessible homes. These conditions, if not corrected, can lead to more substantial damage from deferred maintenance or even the loss of the home. The program achieves this goal by performing work necessary to correct substandard, unsanitary, or deteriorated conditions that create an imminent danger to health and safety. ECDI is able to pay for most of repairs based on eligibility and availability of funding. In order to be eligible for the Minor Home Repair program, a participant must be at least 60-years old or disabled, own his or her home, fall within the income levels specified by the programs funders, and meet other eligibility requirements as specified by the programs funders. |
| IRS990ScheduleO/GeneralExplanation/Explanation | 5 | Program Service Expenses 348,374, Grants and allocations 0, Revenue 0 ECDI is a one-stop resource center for food-related enterprises in Central Ohio. Through its Growing Entrepreneurs Initiative, food entrepreneurs have access to ECDIs traditional business development training and capitalization programs as well as food industry specific training and technical assistance. As appropriate, ECDI facilitates client access to local facilities and food science experts for assistance with food research, development, and production to food safety classes and food safety experts and to marketing and distribution training and resources. ECDI works with the Kroger Company and other appropriate distributors and markets, including farmers markets, specialty stores, internet distribution outlets, and other outlets to assist entrepreneurs in gaining access to markets for their food products. |
| IRS990ScheduleO/GeneralExplanation/Explanation | 6 | Form 990, Part III, Line 4d Program Service Expenses 369,652, Grants and allocations 0, Revenue 0 ECDIs Home Repair programs primary goal is to decrease the number of senior citizens or disabled persons in Central Ohio who live in unsafe or inaccessible homes. These conditions, if not corrected, can lead to more substantial damage from deferred maintenance or even the loss of the home. The program achieves this goal by performing work necessary to correct substandard, unsanitary, or deteriorated conditions that create an imminent danger to health and safety. ECDI is able to pay for most of repairs based on eligibility and availability of funding. In order to be eligible for the Minor Home Repair program, a participant must be at least 60-years old or disabled, own his or her home, fall within the income levels specified by the programs funders, and meet other eligibility requirements as specified by the programs funders. Form 990, Part III, Line 4d Program Service Expenses 348,374, Grants and allocations 0, Revenue 0 ECDI is a one-stop resource center for food-related enterprises in Central Ohio. Through its Growing Entrepreneurs Initiative, food entrepreneurs have access to ECDIs traditional business development training and capitalization programs as well as food industry specific training and technical assistance. As appropriate, ECDI facilitates client access to local facilities and food science experts for assistance with food research, development, and production to food safety classes and food safety experts and to marketing and distribution training and resources. ECDI works with the Kroger Company and other appropriate distributors and markets, including farmers markets, specialty stores, internet distribution outlets, and other outlets to assist entrepreneurs in gaining access to markets for their food products. Form 990 Part VI Section B Line 11 Distributed at board meeting to review before filing. Form 990 Part V Section B Line 12 The conflict of interest policy is included in the employee handbook and employees must sign as having read and inderstood. The policy is also discussed at quarterly staff meetings. Potential conflicts are to be disclosed in writing to human resources who then investigates, makes an initial finding as to whether a conflict exists, and recommends to management potential action to remedy the situation. The company also has a whistle blower policy, so if a conflict is identified to exist that was not disclosed bt the person who is party to it, it can result in termination of employment. Form 990 Part VI Section B Line 15 Any salary changes for officers are presented to the ECDIs Board of Directors for a vote of approvial. Form 990 Part VI Section C Line 19 Governing documents, the conflict of interest policy, and financial statements are not made available to the public since there is no legal provision to do so. |
| IRS990ScheduleO/GeneralExplanation/Identifier | 0 | Form 990 Part VI |
| IRS990ScheduleO/GeneralExplanation/Identifier | 1 | Form 990 Part V |
| IRS990ScheduleO/GeneralExplanation/Identifier | 2 | Form 990 Part VI |
| IRS990ScheduleO/GeneralExplanation/Identifier | 3 | Form 990 Part VI |
| IRS990ScheduleO/GeneralExplanation/Identifier | 4 | Form 990 Part III Program Service Accomplishments |
| IRS990ScheduleO/GeneralExplanation/Identifier | 5 | Form 990 Part III Program Service Accomplishments |
| IRS990ScheduleO/GeneralExplanation/ReturnReference | 0 | 11 |
| IRS990ScheduleO/GeneralExplanation/ReturnReference | 1 | 12 |
| IRS990ScheduleO/GeneralExplanation/ReturnReference | 2 | 15 |
| IRS990ScheduleO/GeneralExplanation/ReturnReference | 3 | 19 |
| IRS990ScheduleO/GeneralExplanation/ReturnReference | 4 | Line 4d Other Activities |
| IRS990ScheduleO/GeneralExplanation/ReturnReference | 5 | Line 4d Other Activities |
| IRS990/ScheduleORequired | 0 | true |
| IRS990/School | 0 | false |
| IRS990/SignificantChange | 0 | false |
| IRS990/SignificantNewProgramServices | 0 | false |
| IRS990/StateLegalDomicile | 0 | OH |
| IRS990/StatesWhereCopyOfReturnIsFiled | 0 | OH |
| IRS990/TaxableDistributions | 0 | false |
| IRS990/TaxablePartyNotification | 0 | false |
| IRS990/TaxExemptBonds | 0 | false |
| IRS990/TemporarilyRestrictedNetAssets/EOY | 0 | 176233 |
| IRS990/Terminated | 0 | false |
| IRS990/TermOrPermanentEndowments | 0 | false |
| IRS990/TheBooksAreInCareOf/AddressUS/AddressLine1 | 0 | 1655 Old Leonard Avenue |
| IRS990/TheBooksAreInCareOf/AddressUS/City | 0 | Columbus |
| IRS990/TheBooksAreInCareOf/AddressUS/State | 0 | OH |
| IRS990/TheBooksAreInCareOf/AddressUS/ZIPCode | 0 | 43219 |
| IRS990/TheBooksAreInCareOf/NamePerson | 0 | Donna Kates |
| IRS990/TheBooksAreInCareOf/TelephoneNumber | 0 | 6145590115 |
| IRS990/TotalAssets/BOY | 0 | 7736435 |
| IRS990/TotalAssetsBOY | 0 | 7736435 |
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Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2012 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.
- Assets
- $11,407,114
- Liabilities
- $7,840,758
- Net assets
- $3,566,356
- Revenue
- -
- Expenses
- $3,403,482
- Net income
- -