Civic Intelligence

Ceda Community Development Fund

990 • Fiscal year 2015 • EIN 36-4337956

Jul 01, 2014 to Jun 30, 2015 • Filed on Apr 30, 2016

Organization ProfileWWW.CEDAORG.NET
567 W Lake Street Suite 1200Chicago, IL 60661

(312) 782-2332

Siviq Scores

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

Liabilities / Assets

57th percentile

0.08x

Higher debt load relative to assets than 57% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Liabilities / Revenue

97th percentile

6.63x

Higher debt load relative to revenue than 97% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Net Margin

81st percentile

24%

Higher net margin than 81% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2015

Asset Growth

54th percentile

2.3%

Faster asset growth than 54% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2014 to 2015

Revenue Growth

99th percentile

458%

Faster revenue growth than 99% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets57th percentile

Assets

Up

$522,020

Up $11,504 (+2.3%) from 2014

Net Assets

Up

$480,967

Up $1,504 (+0.3%) from 2014

Liabilities

Up

$41,053

Up $10,000 (+32%) from 2014

Revenue And Expenses
Liabilities / Revenue97th percentileNet Margin81st percentile

Revenue

Up

$6,193

Up $5,083 (+458%) from 2014

Expenses

Up

$4,689

Up $4,078 (+667%) from 2014

Net Income

Up

$1,504

Up $1,005 (+201%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth54th percentile

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

$600K$400K$200K$0Assets 2010: $513,637Liabilities 2010: $30,000Net Assets 2010: $483,6372010Assets 2011: $514,467Liabilities 2011: $35,468Net Assets 2011: $478,9992011Assets 2012: $515,421Liabilities 2012: $35,468Net Assets 2012: $479,9532012Assets 2013: $510,017Liabilities 2013: $31,053Net Assets 2013: $478,9642013Assets 2014: $510,516Liabilities 2014: $31,053Net Assets 2014: $479,4632014Assets 2015: $522,020Liabilities 2015: $41,053Net Assets 2015: $480,9672015Assets 2016: $514,856Liabilities 2016: $64,689Net Assets 2016: $450,1672016Assets 2017: $513,820Liabilities 2017: $73,151Net Assets 2017: $440,6692017Assets 2018: $513,297Liabilities 2018: $75,805Net Assets 2018: $437,4922018Assets 2019: $0Liabilities 2019: $0Net Assets 2019: $02019

Highlighted filing

2015

Assets$522,020
Liabilities$41,053
Net Assets$480,967
Open 2015 Filing

Operations Trend

Revenue Growth99th percentile

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

$500K$0-$500KExpenses 2010: $35,2162010Expenses 2011: $6,7792011Expenses 2012: $6422012Expenses 2013: $1,6822013Revenue 2014: $1,110Expenses 2014: $611Net Income 2014: $4992014Revenue 2015: $6,193Expenses 2015: $4,689Net Income 2015: $1,5042015Revenue 2016: $349Expenses 2016: $31,149Net Income 2016: -$30,8002016Revenue 2017: $391Expenses 2017: $9,889Net Income 2017: -$9,4982017Revenue 2018: $956Expenses 2018: $4,133Net Income 2018: -$3,1772018Revenue 2019: $1,471Expenses 2019: $438,963Net Income 2019: -$437,4922019

Highlighted filing

2015

Revenue$6,193
Expenses$4,689
Net Income$1,504
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Apr 30, 2016
Return Version
2014v6.0
Gross Receipts
$6,193
Mission and Program Overview

Mission

Ceda community development fund's mission is to create, retain and develop small business and economic institutions that improve the economic stability and independence of the community. Ceda community development fund aims to increase the income of its residents to increase job opportunities for the underemployed and unemployed to more equally distribute economic resources, social services, technical assistance. Ceda community development fund also provides financial literacy training that encourages and empowers low-income individuals and families toward positive action that meets basic human needs and helps them become self-sufficient. Ceda community development fund is currently inactive and is in the process of restarting its program service activities.

Ceda community development fund's mission is to create, retain and develop small business and ecomonic institutions that improve the economic stability and...see sch o

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$454,579$460,235▲ $5,656
Other Notes and Loans Receivable, Net$55,937$55,935▼ $2
Prepaid Expenses and Deferred Charges$0$5,850▲ $5,850
Savings and Temporary Cash Investments$0$0→ $0
Accounts Receivable$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Land, Buildings, and Equipment, Net$0--
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$510,516$522,020▲ $11,504
Other Assets Total$0$0→ $0
Liabilities
Other Liabilities$31,053$41,053▲ $10,000
Accounts Payable and Accrued Expenses$0$0→ $0
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$31,053$41,053▲ $10,000
Net Assets / Fund Balance
Unrestricted Net Assets$479,463$480,967▲ $1,504
Permanently Rstr Net Assets$0$0→ $0
Temporarily Rstr Net Assets$0$0→ $0
Total Net Assets Fund Balance$479,463$480,967▲ $1,504
Total Liabilities and Net Assets / Fund Balance$510,516$522,020▲ $11,504
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleOtherTotal
Glen OfenlochPresident$44,284$44,284

Board Members and Trustees

NameTitle
Hon Ronald BeanBoard Chairman
Craig ChicoBoard Vice-chair
Revenue and Support

Revenue Composition

Contributions and Grants
$6,000
Program Service Revenue
$0
Investment Income
$193
Other Revenue
$0
Change in Net Assets
$1,504
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$4,689
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
Fees for Services Legal-$4,150-$4,150
Office Expenses-$539-$539
Total Functional Expenses$0$4,689$0$4,689
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Affiliate$41,053
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
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
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

“The form 990 is prepared and reviewed by the organization's tax preparers and management. A copy of the form 990 is provided to the full governing body for review prior to filing with the irs.”

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

“All officers and trustees sign off on a conflict of interest statement annually. The organization monitors these responses and asks the potentially conflicted individuals to remove themselves from participating in the deliberations or decisions on the conflicting matter.”

Form 990, Part VI, Section C, Line 19

“The organization makes the form 990 available by request and also informs the public that it is available on guidestar's website. The organization maintains its own website to inform the public about its organization and programs and other activities. If any information about the governing documents or the conflict of interest policy of the organization is needed then the public is encouraged to obtain it from the organization upon request.”

Filing and Contact Details

Filer

Filer Name
CEDA Community Development Fund
EIN
36-4337956
In Care Of
% CEDA FINANCE OFFICE
Phone
3127822332
Address
567 W Lake Street Suite 1200, Chicago, IL 60661

Signing Officer

Name
Hon Ronald Bean
Title
Board Chair
Phone
3127822332
Signed
2016-04-30
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Hon Ronald Bean
Formed
1999
Legal Domicile
Il
Voting Board Members
3
Independent Board Members
3
Employees
0
Volunteers
0

Preparer

Firm
Bkd Llp
Address
1901 S Meyers Road Suite 500, Oakbrook Terrace, IL 60181-5209
Preparer
Jody A Gauthier
Phone
6302829500
Supplemental Narrative

Additional Explanations

Form 990, Part I, Line 1

“Independence of the community. Ceda community development fund aims to increase the income of its residents to increase job opportunities for the underemployed and unemployed to more equally distribute economic resources, social services, technical assistance. Ceda community development fund also provides financial literacy training that encourages and empowers low-income individuals and families toward positive action that meets basic human needs and helps them become self-sufficient. Ceda community development fund is currently inactive and is in the process of restarting its program service activities.”

Financial Statement Notes

Schedule D, Part X, Line 2

“CEDA and its affiliates are exempt from income taxes under Section 501(c)(3) of the Internal Revenue Code. In addition, CEDA and its affiliates qualify for the charitable contribution deduction under section 170(b)(1)(A) and have been classified as "Organizations That Are Not Private Foundations" under Section 509(a)(2). CEDA and its affiliates believe that it has appropriate support for any tax position taken, including its tax exempt status, and as such, does not have any uncertain tax positions that are material to the consolidated financial statements. CEDA recognizes the financial statement impact of a tax position when it is more likely than not that the position will be sustained upon examination. CEDA is no longer subject to U.S. federal, state and local income tax examinations by authorities for tax years before the year ending June 30, 2012.”

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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0CEDA and its affiliates are exempt from income taxes under Section 501(c)(3) of the Internal Revenue Code. In addition, CEDA and its affiliates qualify for the charitable contribution deduction under section 170(b)(1)(A) and have been classified as "Organizations That Are Not Private Foundations" under Section 509(a)(2). CEDA and its affiliates believe that it has appropriate support for any tax position taken, including its tax exempt status, and as such, does not have any uncertain tax positions that are material to the consolidated financial statements. CEDA recognizes the financial statement impact of a tax position when it is more likely than not that the position will be sustained upon examination. CEDA is no longer subject to U.S. federal, state and local income tax examinations by authorities for tax years before the year ending June 30, 2012.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0INDEPENDENCE OF THE COMMUNITY. CEDA COMMUNITY DEVELOPMENT FUND AIMS TO INCREASE THE INCOME OF ITS RESIDENTS TO INCREASE JOB OPPORTUNITIES FOR THE UNDEREMPLOYED AND UNEMPLOYED TO MORE EQUALLY DISTRIBUTE ECONOMIC RESOURCES, SOCIAL SERVICES, TECHNICAL ASSISTANCE. CEDA COMMUNITY DEVELOPMENT FUND ALSO PROVIDES FINANCIAL LITERACY TRAINING THAT ENCOURAGES AND EMPOWERS LOW-INCOME INDIVIDUALS AND FAMILIES TOWARD POSITIVE ACTION THAT MEETS BASIC HUMAN NEEDS AND HELPS THEM BECOME SELF-SUFFICIENT. CEDA COMMUNITY DEVELOPMENT FUND IS CURRENTLY INACTIVE AND IS IN THE PROCESS OF RESTARTING ITS PROGRAM SERVICE ACTIVITIES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FORM 990 IS PREPARED AND REVIEWED BY THE ORGANIZATION'S TAX PREPARERS AND MANAGEMENT. A COPY OF THE FORM 990 IS PROVIDED TO THE FULL GOVERNING BODY FOR REVIEW PRIOR TO FILING WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ALL OFFICERS AND TRUSTEES SIGN OFF ON A CONFLICT OF INTEREST STATEMENT ANNUALLY. THE ORGANIZATION MONITORS THESE RESPONSES AND ASKS THE POTENTIALLY CONFLICTED INDIVIDUALS TO REMOVE THEMSELVES FROM PARTICIPATING IN THE DELIBERATIONS OR DECISIONS ON THE CONFLICTING MATTER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION MAKES THE FORM 990 AVAILABLE BY REQUEST AND ALSO INFORMS THE PUBLIC THAT IT IS AVAILABLE ON GUIDESTAR'S WEBSITE. THE ORGANIZATION MAINTAINS ITS OWN WEBSITE TO INFORM THE PUBLIC ABOUT ITS ORGANIZATION AND PROGRAMS AND OTHER ACTIVITIES. IF ANY INFORMATION ABOUT THE GOVERNING DOCUMENTS OR THE CONFLICT OF INTEREST POLICY OF THE ORGANIZATION IS NEEDED THEN THE PUBLIC IS ENCOURAGED TO OBTAIN IT FROM THE ORGANIZATION UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART I, LINE 1
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
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ReturnHeader/BuildTS02016-08-17 19:52:53Z
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ReturnHeader/BusinessOfficerGrp/SignatureDt02016-04-30
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0CEDA Community Development Fund
ReturnHeader/Filer/BusinessNameControlTxt0CEDA

Document Assets

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Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$522,020
Liabilities
$41,053
Net assets
$480,967
Revenue
$6,193
Expenses
$4,689
Net income
$1,504
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2019Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.01$4.39$4.37
2018Detailed filing. Detailed filing data is available for this year.$5.13$0.76$4.37$0.01$0.04$0.03
2017Detailed filing. Detailed filing data is available for this year.$5.14$0.73$4.41$0.00$0.10$0.09
2016Detailed filing. Detailed filing data is available for this year.$5.15$0.65$4.50$0.00$0.31$0.31
2015Detailed filing. Detailed filing data is available for this year.$5.22$0.41$4.81$0.06$0.05$0.02
2014Detailed filing. Detailed filing data is available for this year.$5.11$0.31$4.79$0.01$0.01$0.00
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.10$0.31$4.79$0.02
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.15$0.35$4.80$0.01
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.14$0.35$4.79$0.07
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.14$0.30$4.84$0.35