Civic Intelligence

Cbt Development Inc

990 • Fiscal year 2021 • EIN 34-1270284

Oct 01, 2020 to Sep 30, 2021 • Filed on Aug 10, 2022

Organization ProfileN/A
2999 Payne Ave Ste 306Cleveland, OH 44114

(216) 774-2353

Siviq Scores

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

Liabilities / Assets

14th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2021 filings • 501(c)4 • $5M-$10M nonprofits • Source year 2021

Liabilities / Revenue

15th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2021 filings • 501(c)4 • $5M-$10M nonprofits • Source year 2021

Net Margin

98th percentile

90%

Higher net margin than 98% of similar nonprofits.

2021 filings • 501(c)4 • $5M-$10M nonprofits • Source year 2021

Top Officer Pay

43rd percentile

$0

Higher top officer pay than 43% of similar nonprofits.

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

2021 filings • 501(c)4 • $5M-$10M nonprofits • Source year 2021

Asset Growth

95th percentile

127%

Faster asset growth than 95% of similar nonprofits.

2021 filings • 501(c)4 • $5M-$10M nonprofits • Annualized from 2020 to 2021

Revenue Growth

96th percentile

497%

Faster revenue growth than 96% of similar nonprofits.

2021 filings • 501(c)4 • $5M-$10M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets14th percentile

Assets

Up

$3,836,157

Up $2,145,956 (+127%) from 2020

Net Assets

Up

$3,836,157

Up $6,046,543 (+274%) from 2020

Liabilities

Down

$0

Down $3,900,587 (-100%) from 2020

Revenue And Expenses
Liabilities / Revenue15th percentileNet Margin98th percentile

Revenue

Up

$6,687,424

Up $5,566,813 (+497%) from 2020

Expenses

Down

$640,833

Down $425,312 (-40%) from 2020

Net Income

Up

$6,046,591

Up $5,992,125 (+11002%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth95th percentile

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

$6.0M$4.0M$2.0M$0-$2.0M-$4.0MAssets 2011: $2,181,658Liabilities 2011: $4,474,440Net Assets 2011: -$2,292,7822011Assets 2012: $2,132,551Liabilities 2012: $4,423,905Net Assets 2012: -$2,291,3542012Assets 2013: $2,066,324Liabilities 2013: $4,463,142Net Assets 2013: -$2,396,8182013Assets 2014: $1,916,984Liabilities 2014: $4,338,128Net Assets 2014: -$2,421,1442014Assets 2016: $1,715,134Liabilities 2016: $4,262,045Net Assets 2016: -$2,546,9112016Assets 2017: $2,037,810Liabilities 2017: $4,421,042Net Assets 2017: -$2,383,2322017Assets 2018: $2,093,895Liabilities 2018: $4,434,843Net Assets 2018: -$2,340,9482018Assets 2020: $1,690,201Liabilities 2020: $3,900,587Net Assets 2020: -$2,210,3862020Assets 2021: $3,836,157Liabilities 2021: $0Net Assets 2021: $3,836,1572021Assets 2022: $3,955,087Liabilities 2022: $2,726Net Assets 2022: $3,952,3612022Assets 2024: $4,256,011Liabilities 2024: $2,083Net Assets 2024: $4,253,9282024

Highlighted filing

2021

Assets$3,836,157
Liabilities$0
Net Assets$3,836,157
Open 2021 Filing

Operations Trend

Revenue Growth96th percentile

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

$8.0M$6.0M$4.0M$2.0M$0-$2.0MExpenses 2011: $1,067,1142011Expenses 2012: $1,098,8782012Expenses 2013: $1,143,9522013Revenue 2014: $1,121,483Expenses 2014: $1,145,809Net Income 2014: -$24,3262014Revenue 2016: $1,168,442Expenses 2016: $1,204,169Net Income 2016: -$35,7272016Revenue 2017: $1,191,388Expenses 2017: $1,027,709Net Income 2017: $163,6792017Revenue 2018: $1,210,249Expenses 2018: $1,044,971Net Income 2018: $165,2782018Revenue 2020: $1,120,611Expenses 2020: $1,066,145Net Income 2020: $54,4662020Revenue 2021: $6,687,424Expenses 2021: $640,833Net Income 2021: $6,046,5912021Revenue 2022: $122,404Expenses 2022: $6,200Net Income 2022: $116,2042022Revenue 2024: $5Expenses 2024: $2,530Net Income 2024: -$2,5252024

Highlighted filing

2021

Revenue$6,687,424
Expenses$640,833
Net Income$6,046,591
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2020 to Sep 30, 2021
Signed
Aug 10, 2022
Return Version
2020v4.2
Gross Receipts
$7,805,648
Mission and Program Overview

Mission

Provide low-income housing for the elderly

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$1,060$3,818,745▲ $3,817,685
Land, Buildings, and Equipment, Net$1,199,520--
Intangible Assets$112,717--
Prepaid Expenses and Deferred Charges$27,727--
Cash and Non-Interest-Bearing Accounts$46,367$11,499▼ $34,868
Savings and Temporary Cash Investments$302,810$5,913▼ $296,897
Total Assets$1,690,201$3,836,157▲ $2,145,956
Liabilities
Mortgage Notes Payable Secured by Investment Property$3,734,736--
Accounts Payable and Accrued Expenses$132,387--
Other Liabilities$30,318$0▼ $30,318
Deferred Revenue$3,146--
Total Liabilities$3,900,587$0▼ $3,900,587
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-2,210,386$3,836,157▲ $6,046,543
Total Net Assets Fund Balance$-2,210,386$3,836,157▲ $6,046,543
Total Liabilities and Net Assets / Fund Balance$1,690,201$3,836,157▲ $2,145,956
Compensation and Service Providers
Top Officer Pay43rd percentile

Board Members and Trustees

NameTitle
David WondolowskiPresident
Dennis MeaneyTrustee
Loree SoggsTrustee
Terry JoyceTrustee
Terry MccaffertyTrustee
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$621,873
Investment Income
$6,061,806
Other Revenue
$3,745
Change in Net Assets
$6,046,591
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$567,746
Salaries, Compensation, and Employee Benefits$73,087
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$194,016--$194,016
Interest$134,734--$134,734
Occupancy$85,079--$85,079
Other Salaries and Wages$20,939$35,984-$56,923
Fees for Services Accounting$31,708--$31,708
Fees for Services Management$29,288--$29,288
Insurance$26,334--$26,334
Office Expenses$12,936--$12,936
Other Employee Benefits$11,537--$11,537
Fees for Services Other$7,626--$7,626
Payroll Taxes$4,627--$4,627
Other Expenses$2,236--$2,236
Fees for Services Legal$800--$800
Total Functional Expenses$604,849$35,984$0$640,833
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
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, Part VI, Section B, Line 11B

“Form 990 is reviewed by the governing body.”

Form 990, Part VI, Section C, Line 19

“Governing documents are made available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Cbt Development Inc
EIN
34-1270284
Phone
2167742353
Address
2999 PAYNE AVE STE 306, CLEVELAND, OH 44114

Signing Officer

Name
David Wondolowski
Title
President
Phone
2167742353
Signed
2022-08-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
David Wondolowski
Formed
1982
Legal Domicile
Oh
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
0

Preparer

Firm
Ciuni & Panichi Inc
Address
25201 CHAGRIN BLVD 200, CLEVELAND, OH 44122-5683
Preparer
Herzl Ginsburg CPA
Phone
2168317171
Supplemental Narrative

Additional Explanations

FORM 990, PART IV, LINE 11F:

“The organization's financial statement ending april 30, 2021 included the following footnote: the company is tax exempt under section 501(c)(4) of the internal revenue code of 1986. No provision for federal income taxes has been reported in its financial statements. Income taxes are accounted for under the provisions of the "income taxes" topic of the fasb asc. Uncertain income tax positions are evaluated at least annually by management. The company classifies interest and penalties related to income tax matters as taxes and insurance in the accompanying financial statements. As of april 30, 2021 and september 30, 2020, the company has identified no uncertain income tax positions and has incurred no amounts for income tax penalties and interest for the seven months and year ended, respectively.”

FORM 990, PART XI, LINE 9:

“BAD DEBT -48.”

FORM 990, PART XII, LINE 3B:

“The organization did undergo the required audit; however, the organization was only subject to audit through april 30, 2021.”

Disclosure of Election Made by A Corporation in Which C.B.T Development,

“Inc. Has ownership interest: effective january 1, 2021, pinzone towers, inc. (ein 84-3640381) is making an election pursuant to internal revenue code section 168(h)(6)(f)(ii) to not be treated as a tax-exempt entity for purposes of internal revenue code sections 168(h)(5) and (6). The corporation will also attach an original copy with the filing of the form 1120 for the period ended december 31, 2021.”

Raw XML Appendix333 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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION'S FINANCIAL STATEMENT ENDING APRIL 30, 2021 INCLUDED THE FOLLOWING FOOTNOTE: THE COMPANY IS TAX EXEMPT UNDER SECTION 501(C)(4) OF THE INTERNAL REVENUE CODE OF 1986. NO PROVISION FOR FEDERAL INCOME TAXES HAS BEEN REPORTED IN ITS FINANCIAL STATEMENTS. INCOME TAXES ARE ACCOUNTED FOR UNDER THE PROVISIONS OF THE "INCOME TAXES" TOPIC OF THE FASB ASC. UNCERTAIN INCOME TAX POSITIONS ARE EVALUATED AT LEAST ANNUALLY BY MANAGEMENT. THE COMPANY CLASSIFIES INTEREST AND PENALTIES RELATED TO INCOME TAX MATTERS AS TAXES AND INSURANCE IN THE ACCOMPANYING FINANCIAL STATEMENTS. AS OF APRIL 30, 2021 AND SEPTEMBER 30, 2020, THE COMPANY HAS IDENTIFIED NO UNCERTAIN INCOME TAX POSITIONS AND HAS INCURRED NO AMOUNTS FOR INCOME TAX PENALTIES AND INTEREST FOR THE SEVEN MONTHS AND YEAR ENDED, RESPECTIVELY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1FORM 990 IS REVIEWED BY THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2GOVERNING DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3BAD DEBT -48.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION DID UNDERGO THE REQUIRED AUDIT; HOWEVER, THE ORGANIZATION WAS ONLY SUBJECT TO AUDIT THROUGH APRIL 30, 2021.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5INC. HAS OWNERSHIP INTEREST: EFFECTIVE JANUARY 1, 2021, PINZONE TOWERS, INC. (EIN 84-3640381) IS MAKING AN ELECTION PURSUANT TO INTERNAL REVENUE CODE SECTION 168(H)(6)(F)(II) TO NOT BE TREATED AS A TAX-EXEMPT ENTITY FOR PURPOSES OF INTERNAL REVENUE CODE SECTIONS 168(H)(5) AND (6). THE CORPORATION WILL ALSO ATTACH AN ORIGINAL COPY WITH THE FILING OF THE FORM 1120 FOR THE PERIOD ENDED DECEMBER 31, 2021.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART IV, LINE 11F:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART XI, LINE 9:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XII, LINE 3B:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5DISCLOSURE OF ELECTION MADE BY A CORPORATION IN WHICH C.B.T DEVELOPMENT,
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0OH
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01690201
IRS990/TotalAssetsEOYAmt03836157
IRS990/TotalAssetsGrp/BOYAmt01690201
IRS990/TotalAssetsGrp/EOYAmt03836157
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt035984
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0604849
IRS990/TotalFunctionalExpensesGrp/TotalAmt0640833
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt03900587
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt03900587
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-2210386
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt03836157
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0604849
IRS990/TotalProgramServiceRevenueAmt0621873
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt06061806
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0625618
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt06687424
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01690201
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt03836157
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt03250 EUCLID AVENUE ROOM 280
IRS990/USAddress/CityNm0CLEVELAND
IRS990/USAddress/StateAbbreviationCd0OH
IRS990/USAddress/ZIPCd044115
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0N/A
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/PersonNm0DAVID WONDOLOWSKI
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum02167742353
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-08-10
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0CBT DEVELOPMENT INC
ReturnHeader/Filer/BusinessNameControlTxt0CBTD
ReturnHeader/Filer/EIN0341270284
ReturnHeader/Filer/PhoneNum02167742353
ReturnHeader/Filer/USAddress/AddressLine1Txt02999 PAYNE AVE STE 306
ReturnHeader/Filer/USAddress/CityNm0CLEVELAND
ReturnHeader/Filer/USAddress/StateAbbreviationCd0OH
ReturnHeader/Filer/USAddress/ZIPCd044114
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0341322309
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0CIUNI & PANICHI INC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt025201 CHAGRIN BLVD 200
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0CLEVELAND
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0OH
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0441225683
ReturnHeader/PreparerPersonGrp/PhoneNum02168317171
ReturnHeader/PreparerPersonGrp/PreparationDt02022-08-10
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0HERZL GINSBURG CPA
ReturnHeader/ReturnTs02022-08-15T06:57:11-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0DAVID
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0WONDOLOWSKI
ReturnHeader/TaxPeriodBeginDt02020-10-01
ReturnHeader/TaxPeriodEndDt02021-09-30
ReturnHeader/TaxYr02020

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Filings

Displayed year

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

Open filing
Assets
$3,836,157
Liabilities
$0
Net assets
$3,836,157
Revenue
$6,687,424
Expenses
$640,833
Net income
$6,046,591
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.26$0.00$4.25$0.00$0.00$0.00
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.96$0.00$3.95$0.12$0.01$0.12
2021Detailed filing. Detailed filing data is available for this year.$3.84$0.00$3.84$6.69$0.64$6.05
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.69$3.90$2.21$1.12$1.07$0.05
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.09$4.43$2.34$1.21$1.04$0.17
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.04$4.42$2.38$1.19$1.03$0.16
2016Detailed filing. Detailed filing data is available for this year.$1.72$4.26$2.55$1.17$1.20$0.04
2014Detailed filing. Detailed filing data is available for this year.$1.92$4.34$2.42$1.12$1.15$0.02
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.07$4.46$2.40$1.14
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.13$4.42$2.29$1.10
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.18$4.47$2.29$1.07