Liabilities / Assets
47th percentile
Higher debt load relative to assets than 47% of similar nonprofits.
990 • Fiscal year 2017 • EIN 46-1051875
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
Liabilities / Assets
47th percentile
Higher debt load relative to assets than 47% of similar nonprofits.
Liabilities / Revenue
72nd percentile
Higher debt load relative to revenue than 72% of similar nonprofits.
Net Margin
78th percentile
Higher net margin than 78% of similar nonprofits.
Top Officer Pay
20th percentile
Higher top officer pay than 20% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
98th percentile
Faster asset growth than 98% of similar nonprofits.
Revenue Growth
14th percentile
Faster revenue growth than 14% of similar nonprofits.
Assets
Up$8,540,052
Up $5,573,989 (+188%) from 2016
Net Assets
Up$7,386,580
Up $4,589,297 (+164%) from 2016
Liabilities
Up$1,153,472
Up $984,692 (+583%) from 2016
Revenue
Down$2,196,775
Down $418,989 (-16%) from 2016
Expenses
Up$1,753,464
Up $384,259 (+28%) from 2016
Net Income
Down$443,311
Down $803,248 (-64%) from 2016
To build inclusive and thriving neighborhoods in Northeast Ohio by providing innovative financing solutions and technical assistance to catalytic real estate and business development projects. In carrying out this mission, CDA-CRF shall be operated exclusively for religious, charitable, scientific, literary or educational purposes within the meaning of Section 501(c)(3) of the Internal Revenue Code of 1986, as amended.
To promote community development and revitalization by providing innovative financing solutions and support to catalytic real estate and business development projects that revitalize underserved communities and build inclusive and thriving neighborhoods of greater cleveland.
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Savings and Temporary Cash Investments | $1,384,848 | $4,203,955 | ▲ $2,819,107 |
| Other Notes and Loans Receivable, Net | $0 | $2,744,295 | ▲ $2,744,295 |
| Investments Program Related | $1,287,609 | $1,404,817 | ▲ $117,208 |
| Accounts Receivable | $231,888 | $125,195 | ▼ $106,693 |
| Cash and Non-Interest-Bearing Accounts | $52,707 | $58,991 | ▲ $6,284 |
| Prepaid Expenses and Deferred Charges | $1,486 | $1,724 | ▲ $238 |
| Intangible Assets | $7,525 | $1,075 | ▼ $6,450 |
| Total Assets | $2,966,063 | $8,540,052 | ▲ $5,573,989 |
| Liabilities | |||
| Unsecured Notes Loans Payable | $0 | $1,000,000 | ▲ $1,000,000 |
| Accounts Payable and Accrued Expenses | $168,780 | $153,472 | ▼ $15,308 |
| Total Liabilities | $168,780 | $1,153,472 | ▲ $984,692 |
| Net Assets / Fund Balance | |||
| Unrestricted Net Assets | $2,797,283 | $7,386,580 | ▲ $4,589,297 |
| Total Net Assets Fund Balance | $2,797,283 | $7,386,580 | ▲ $4,589,297 |
| Total Liabilities and Net Assets / Fund Balance | $2,966,063 | $8,540,052 | ▲ $5,573,989 |
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Investment Program Related Org | $100 | - | - |
| Name | Title |
|---|---|
| ROBERT O'BRIEN | Chairman |
| Yvette M Ittu | President |
| Joseph D Roman | Second Vice Chairman |
| Paul Clark | Vice Chairman |
| Alan Zang | Director |
| Bob Eckardt | Director |
| Brian M Power | Director |
| David Jenkins | Director |
| Edward Rybka | Director |
| Jeffrey Wild | Director |
| Jerry Kelsheimer | Director |
| Kip Clarke | Director |
| Quentin L Mccorvey Sr | Director |
| Renee Csuhran | Director |
| Vickie Eaton Johnson | Director |
| James Guether | Director Through 5/24/17 |
| Margaret S Callesen | Assistant Secretary |
| Robert D Labes | Secretary as of 3/29/17 |
| Cipriano S Beredo Iii | Secretary Through 3/29/17 |
| Debra Janik | Treasurer |
| Contractor | Services | Location | Compensation |
|---|---|---|---|
| Greater Cleveland Partnership | Management Company Services& Accounting | 1240 HURON ROAD, Cleveland, OH 44115 | $1,240,637 |
| Line Item | Amount |
|---|---|
| Other Expenses | $1,753,464 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
| Salaries, Compensation, and Employee Benefits | $0 |
| Total Fundraising Expense | $0 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Fees for Services Management | $1,123,220 | $17,417 | - | $1,140,637 |
| Fees for Services Accounting | $98,512 | $10,938 | - | $109,450 |
| Fees for Services Other | $75,399 | $5,374 | - | $80,773 |
| Fees for Services Legal | $66,690 | $3,245 | - | $69,935 |
| Insurance | $49,420 | $623 | - | $50,043 |
| Advertising | $24,591 | $521 | - | $25,112 |
| Travel | $7,738 | $4 | - | $7,742 |
| Depreciation Depletion | $6,354 | $96 | - | $6,450 |
| Other Expenses | $5,335 | $80 | - | $5,415 |
| Conferences and Meetings | $4,588 | $6 | - | $4,594 |
| Information Technology | $4,368 | $60 | - | $4,428 |
| All Other Expenses | $2,931 | $44 | - | $2,975 |
| Office Expenses | $1,461 | $1,213 | - | $2,674 |
| Interest | $2,215 | - | - | $2,215 |
| Total Functional Expenses | $1,713,837 | $39,627 | $0 | $1,753,464 |
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
“The organization has entered into a management agreement with the greater cleveland partnership (gcp) to provide professional staffing, office space, back office services, and it services for the day to day operating needs of the organization. The following officers were employees of gcp and therefore were compensated by gcp as employees during 2017: - yvette m. Ittu, president. Ms. Ittu received $32,686 of reportable compensation and $7,858 of other compensation from gcp for services provided to the organization. - joseph d. Roman, second vice chairman. Mr. Roman receives compensation as an employee of gcp, but serves on the board of the organization in the same capacity as all other volunteer board members. - debra janik, treasurer. Ms. Janik receives compensation as an employee of gcp, but serves on the board of the organization in the same capacity as all other volunteer board members.”
“The organization's sole member is cleveland development advisors, inc. (cda). The cda board members and officers serve as the directors and officers of the organization.”
“The organization's sole member is cleveland development advisors, inc. (cda). The cda board members and officers serve as the directors and officers of the organization.”
“Staff, in conjunction with tax preparers, compiles the information needed to complete the form 990. Upon completion, management conducts a detailed review of the return and makes final adjustments, if necessary. The returns are provided to the audit committee for detailed review and comment. The final version of the form 990 is provided electronically and/or by hard copy to each board member for review prior to submission with the irs.”
“The board of directors and staff of the organization are expected to maintain the highest ethical standards in conducting the business of the organization. The board and staff conflict of interest policies are intended to provide clear guidance to ensure that the organization's business is conducted with integrity, and in compliance with all applicable laws, and in a manner that excludes considerations of personal advantage or gain. All board and staff members shall annually receive a reminder of their agreement to comply with the policy and sign a declaration indicating their acceptance. Any violation of the board policy will subject a board member to appropriate action, up to and including removal from the board. When questions arise concerning any aspect of this policy, board members are encouraged to contact the board chair. Violations of this policy should be reported to the board chair or the confidential and independent 24-hour helpline provider, navex global. The members of the governance committee shall make a determination as to whether a conflict exists and what subsequent action, if any, is appropriate. The governance committee shall inform the board of such determination and action. The board shall retain the right to modify or reverse such determination and action, and shall retain the ultimate enforcement authority with respect to the interpretation and application of this policy. The president and/or designee shall make a determination regarding staff members as to whether a conflict exists and what subsequent action, if any, is appropriate. Any violation of the staff policy will subject the employee to discipline, up to and including immediate discharge. When questions arise concerning any aspect of this policy, or to report violations, employees should contact the human resources department or the confidential and independent 24-hour helpline provider.”
“This organization does not pay compensation.”
“No documents are made available to the public. The organization provides information upon request by the public.”
“Net asset transfer 4,145,986.”
“The expenses represent the expenses incurred by greater cleveland partnership ("gcp"), an ohio non-profit corporation that is a section 501(c)(6) organization. Cda-crf has contracted with gcp to assist it in providing management services for day to day operations including employees, facility space, it, computers, etc.”
“Cda-crf adopted the accounting standard 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. Under this guidance, cda-crf may recognize the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by taxing authorities, based on technical merits of the position. Examples of tax positions include the tax-exempt status of cda-crf and various positions related to the potential sources of unrelated business taxable income (ubit). The tax benefits recognized in the financial statements from such a position are measured based on the largest benefit that has a greater of 50 percent likelihood of being realized upon ultimate settlement. The guidance on accounting for uncertainty in income taxes also addresses de-recognition, reclassification, interest and penalties on income taxes and accounting in interim periods. At december 31, 2017, cda-crf had no unrecognized tax benefits identified or recorded as liabilities.”
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
| Path | # | Value |
|---|---|---|
| IRS990/AccountantCompileOrReviewInd | 0 | 0 |
| IRS990/AccountsPayableAccrExpnssGrp/BOYAmt | 0 | 168780 |
| IRS990/AccountsPayableAccrExpnssGrp/EOYAmt | 0 | 153472 |
| IRS990/AccountsReceivableGrp/BOYAmt | 0 | 231888 |
| IRS990/AccountsReceivableGrp/EOYAmt | 0 | 125195 |
| IRS990/ActivitiesConductedPrtshpInd | 0 | 0 |
| IRS990/ActivityOrMissionDesc | 0 | TO PROMOTE COMMUNITY DEVELOPMENT AND REVITALIZATION BY PROVIDING INNOVATIVE FINANCING SOLUTIONS AND SUPPORT TO CATALYTIC REAL ESTATE AND BUSINESS DEVELOPMENT PROJECTS THAT REVITALIZE UNDERSERVED COMMUNITIES AND BUILD INCLUSIVE AND THRIVING NEIGHBORHOODS OF GREATER CLEVELAND. |
| IRS990/AdvertisingGrp/ManagementAndGeneralAmt | 0 | 521 |
| IRS990/AdvertisingGrp/ProgramServicesAmt | 0 | 24591 |
| IRS990/AdvertisingGrp/TotalAmt | 0 | 25112 |
| IRS990/AllOtherContributionsAmt | 0 | 4250 |
| IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt | 0 | 44 |
| IRS990/AllOtherExpensesGrp/ProgramServicesAmt | 0 | 2931 |
| IRS990/AllOtherExpensesGrp/TotalAmt | 0 | 2975 |
| IRS990/AnnualDisclosureCoveredPrsnInd | 0 | 1 |
| IRS990/AuditCommitteeInd | 0 | 1 |
| IRS990/BackupWthldComplianceInd | 0 | 1 |
| IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt | 0 | YVETTE M ITTU |
| IRS990/BooksInCareOfDetail/PhoneNum | 0 | 2165922363 |
| IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 1240 HURON ROAD NO 300 |
| IRS990/BooksInCareOfDetail/USAddress/CityNm | 0 | CLEVELAND |
| IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | OH |
| IRS990/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 44115 |
| IRS990/BusinessRlnWithFamMemInd | 0 | 0 |
| IRS990/BusinessRlnWithOfficerEntInd | 0 | 0 |
| IRS990/BusinessRlnWithOrgMemInd | 0 | 0 |
| IRS990/CashNonInterestBearingGrp/BOYAmt | 0 | 52707 |
| IRS990/CashNonInterestBearingGrp/EOYAmt | 0 | 58991 |
| IRS990/ChangeToOrgDocumentsInd | 0 | 0 |
| IRS990/CntrctRcvdGreaterThan100KCnt | 0 | 1 |
| IRS990/CollectionsOfArtInd | 0 | 0 |
| IRS990/CompensationFromOtherSrcsInd | 0 | 0 |
| IRS990/CompensationProcessCEOInd | 0 | 0 |
| IRS990/CompensationProcessOtherInd | 0 | 0 |
| IRS990/ConferencesMeetingsGrp/ManagementAndGeneralAmt | 0 | 6 |
| IRS990/ConferencesMeetingsGrp/ProgramServicesAmt | 0 | 4588 |
| IRS990/ConferencesMeetingsGrp/TotalAmt | 0 | 4594 |
| IRS990/ConflictOfInterestPolicyInd | 0 | 1 |
| IRS990/ConservationEasementsInd | 0 | 0 |
| IRS990/ConsolidatedAuditFinclStmtInd | 0 | 1 |
| IRS990/ContractorCompensationGrp/CompensationAmt | 0 | 1240637 |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt | 0 | 1240 HURON ROAD |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm | 0 | CLEVELAND |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd | 0 | OH |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd | 0 | 44115 |
| IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt | 0 | GREATER CLEVELAND PARTNERSHIP |
| IRS990/ContractorCompensationGrp/ServicesDesc | 0 | MANAGEMENT COMPANY SERVICES& ACCOUNTING |
| IRS990/CreditCounselingInd | 0 | 0 |
| IRS990/CYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/CYContributionsGrantsAmt | 0 | 4250 |
| IRS990/CYGrantsAndSimilarPaidAmt | 0 | 0 |
| IRS990/CYInvestmentIncomeAmt | 0 | 17090 |
| IRS990/CYOtherExpensesAmt | 0 | 1753464 |
| IRS990/CYOtherRevenueAmt | 0 | 49 |
| IRS990/CYProgramServiceRevenueAmt | 0 | 2175386 |
| IRS990/CYRevenuesLessExpensesAmt | 0 | 443311 |
| IRS990/CYSalariesCompEmpBnftPaidAmt | 0 | 0 |
| IRS990/CYTotalExpensesAmt | 0 | 1753464 |
| IRS990/CYTotalFundraisingExpenseAmt | 0 | 0 |
| IRS990/CYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/CYTotalRevenueAmt | 0 | 2196775 |
| IRS990/DecisionsSubjectToApprovaInd | 0 | 0 |
| IRS990/DeductibleArtContributionInd | 0 | 0 |
| IRS990/DeductibleNonCashContriInd | 0 | 0 |
| IRS990/DelegationOfMgmtDutiesInd | 0 | 1 |
| IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt | 0 | 96 |
| IRS990/DepreciationDepletionGrp/ProgramServicesAmt | 0 | 6354 |
| IRS990/DepreciationDepletionGrp/TotalAmt | 0 | 6450 |
| IRS990/Desc | 0 | MANAGEMENT SERVICES: CLEVELAND DEVELOPMENT ADVISORS COMMUNITY REINVESTMENT FUND, INC. (CDA-CRF) PROVIDES MANAGEMENT SERVICES TO INTERNATIONAL REGIONAL CENTER, LLC (IRC) AND CLEVELAND DEVELOPMENT ADVISORS, INC. (CDA), AN AFFILIATE OF THE ORGANIZATION. CDA IS A REAL ESTATE AND BUSINESS DEVELOPMENT FINANCE ORGANIZATION THAT INVESTS PRIVATELY-FUNDED CAPITAL AND NEW MARKETS TAX CREDIT (NMTC) ALLOCATIONS INTO CATALYTIC PROJECTS DESIGNED TO ADVANCE ECONOMIC AND COMMUNITY DEVELOPMENT PROJECTS THROUGHOUT CLEVELAND. CDA'S INVESTMENT FUNDS INCLUDE I) CLEVELAND DEVELOPMENT PARTNERSHIP II LP (CDP II), II) ADVANCE CLEVELAND DEVELOPMENT FUND, LLC (ACDF), AND III) CLEVELAND NEW MARKETS INVESTMENT FUND II, LLC (CNMIF II) (COLLECTIVELY, CDA'S INVESTMENT FUNDS). CDP II AND ACDF PROVIDE A SOURCE OF PRIVATE SECTOR FINANCING FOR DEVELOPERS, OWNERS, AND OPERATORS OF SIGNIFICANT REAL ESTATE PROJECTS IN CLEVELAND, OHIO AND CUYAHOGA COUNTY, OHIO, IN ORDER TO PROMOTE DEVELOPMENT AND ADVANCE COMMUNITY PRIORITIES. CNMIF II IS A COMMUNITY DEVELOPMENT ENTITY (CDE) CERTIFIED BY THE U.S. TREASURY'S COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS FUND (CDFI FUND) THAT HAS RECEIVED A TOTAL OF $200 MILLION (TO DATE) IN NMTC ALLOCATIONS SINCE 2007. CNMIF II PROVIDES INVESTMENT CAPITAL FOR LOW-INCOME COMMUNITIES AND LOW-INCOME PERSONS CONSISTENT WITH THE NMTC PROGRAM AND CDA'S PRIORITIES. IN 2017, CDA'S INVESTMENT FUNDS INVESTED $18.5 MILLION OF DIRECT FINANCING AND $38 MILLION OF NEW MARKETS TAX CREDIT ALLOCATIONS INTO 10 PROJECTS IN GREATER CLEVELAND THAT HAVE RESULTED IN 562 HOUSING UNITS AND OVER 300,000 SQUARE FEET OF COMMERCIAL SPACE. THESE PROJECTS GENERATED OVER $445 MILLION OF TOTAL DEVELOPMENT. A FEW HIGHLIGHTS FROM THE PROJECTS INCLUDE:UH RAINBOW CENTER FOR WOMEN & CHILDREN: UNIVERSITY HOSPITALS CLOSED ON FINANCING FOR ITS $21 MILLION, 40,000-SQUARE-FOOT UH RAINBOW CENTER FOR WOMEN & CHILDREN IN MIDTOWN. CNMIF II PROVIDED $10 MILLION OF FEDERAL NMTC ALLOCATIONS AND $2.5 MILLION OF OHIO NMTC ALLOCATIONS, ALONG WITH ADDITIONAL FEDERAL NMTC ALLOCATIONS FROM ANOTHER LOCAL CDE. THE NEW FACILITY OF UH RAINBOW BABIES & CHILDREN'S HOSPITAL AND UH MACDONALD WOMEN'S HOSPITAL WILL SERVE A FEDERALLY-DESIGNATED MEDICAL/DENTAL UNDERSERVED AREA. CHARTER STEEL: CHARTER STEEL CLOSED ON FINANCING FOR ITS $153-MILLION EXPANSION PROJECT IN CUYAHOGA HEIGHTS. CNMIF II PROVIDED $10 MILLION OF NMTC ALLOCATIONS, PARTNERED WITH ADDITIONAL FEDERAL NMTC ALLOCATIONS FROM THREE OTHER CDES. CHARTER STEEL, A DIVISION OF CHARTER MANUFACTURING, WILL EXPAND ITS WIRE ROD PRODUCTION FACILITY, HELPING THE COMPANY TO STAY COMPETITIVE IN THE U.S. STEEL INDUSTRY. INNOVA PHASE II: THE FINCH GROUP CLOSED ON FINANCING FOR THE SECOND PHASE OF THE INNOVA PROJECT ON CHESTER AVENUE IN THE HOUGH NEIGHBORHOOD. CDA PROVIDED A $1.5-MILLION LOAN FROM ACDF. THE $26-MILLION INVESTMENT WILL ADD 70 APARTMENT UNITS AND 7,700 SQUARE FEET OF RETAIL. THE INITIAL PHASE, 177 APARTMENT UNITS AND 23,000 SQUARE FEET OF RETAIL, WAS COMPLETED IN 2015. CDA PROVIDED $3 MILLION OF FINANCING FOR THE FIRST PHASE.UNITED BANK BUILDING: ACDF CLOSED ON A $2.65-MILLION LOAN TO ADD APARTMENT UNITS TO A SIGNIFICANT OHIO CITY CORNER. MRN LTD., THE MARON FAMILY'S DEVELOPMENT COMPANY, WILL CONVERT TWO FLOORS OF OFFICE SPACE IN THE UNITED BANK BUILDING AT THE CORNER OF WEST 25TH AND LORAIN TO 25 APARTMENT UNITS. THE NEW STUDIO AND ONE-BEDROOM UNITS WILL BE AVAILABLE IN EARLY 2019.DAVE'S MIDTOWN: CNMIF II PROVIDED A $10-MILLION NMTC ALLOCATION FOR THE NEW CONSTRUCTION OF DAVE'S SUPERMARKET AT EAST 59TH AND EUCLID IN THE MIDTOWN NEIGHBORHOOD, WHICH IS PART OF THE LINK59 PROJECT. THE PROJECT ALSO ATTRACTED FEDERAL NMTC ALLOCATIONS FROM TWO OTHER CDES. THE NEW LOCATION OF THE LOCALLY-OWNED SUPERMARKET CHAIN WILL PROVIDE HEALTHY FOOD ACCESS TO NEIGHBORHOODS ON THE EAST SIDE OF CLEVELAND. THE GROCERY STORE, LOCATED ADJACENT TO THE UH RAINBOW CENTER FOR WOMEN & CHILDREN, IS COLLABORATING WITH THE HEALTH CENTER TO INCLUDE AN ON-SITE TEACHING KITC |
| IRS990/DescribedInSection501c3Ind | 0 | 1 |
| IRS990/DisregardedEntityInd | 0 | 0 |
| IRS990/DocumentRetentionPolicyInd | 0 | 1 |
| IRS990/DonorAdvisedFundInd | 0 | 0 |
| IRS990/ElectionOfBoardMembersInd | 0 | 1 |
| IRS990/EmployeeCnt | 0 | 0 |
| IRS990/EngagedInExcessBenefitTransInd | 0 | 0 |
| IRS990/ExpenseAmt | 0 | 1384558 |
| IRS990/FamilyOrBusinessRlnInd | 0 | 0 |
| IRS990/FederalGrantAuditRequiredInd | 0 | 0 |
| IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt | 0 | 10938 |
| IRS990/FeesForServicesAccountingGrp/ProgramServicesAmt | 0 | 98512 |
| IRS990/FeesForServicesAccountingGrp/TotalAmt | 0 | 109450 |
| IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt | 0 | 3245 |
| IRS990/FeesForServicesLegalGrp/ProgramServicesAmt | 0 | 66690 |
| IRS990/FeesForServicesLegalGrp/TotalAmt | 0 | 69935 |
| IRS990/FeesForServicesManagementGrp/ManagementAndGeneralAmt | 0 | 17417 |
| IRS990/FeesForServicesManagementGrp/ProgramServicesAmt | 0 | 1123220 |
| IRS990/FeesForServicesManagementGrp/TotalAmt | 0 | 1140637 |
| IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt | 0 | 5374 |
| IRS990/FeesForServicesOtherGrp/ProgramServicesAmt | 0 | 75399 |
| IRS990/FeesForServicesOtherGrp/TotalAmt | 0 | 80773 |
| IRS990/ForeignActivitiesInd | 0 | 0 |
| IRS990/ForeignFinancialAccountInd | 0 | 0 |
| IRS990/ForeignOfficeInd | 0 | 0 |
| IRS990/Form8282PropertyDisposedOfInd | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 0 | 2.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 1 | 2.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 2 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 3 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 4 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 5 | 2.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 6 | 2.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 7 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 8 | 2.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 9 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 10 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 11 | 2.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 12 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 13 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 14 | 4.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 15 | 2.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 16 | 2.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 17 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 18 | 3.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 19 | 3.00 |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 3 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 4 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 5 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 6 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 7 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 8 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 9 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 10 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 11 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 12 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 13 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 3 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 4 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 5 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 6 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 7 | X |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 7 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 8 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 9 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 10 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 11 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 12 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 13 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 14 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 15 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 16 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 17 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 18 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 19 | 0 |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 0 | ROBERT O'BRIEN |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 1 | PAUL CLARK |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 2 | RENEE CSUHRAN |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 3 | BOB ECKARDT |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 4 | JAMES GUETHER |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 5 | JERRY KELSHEIMER |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 6 | QUENTIN L MCCORVEY SR |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 7 | BRIAN M POWER |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 8 | VICKIE EATON JOHNSON |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 9 | KIP CLARKE |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 10 | EDWARD RYBKA |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 11 | JEFFREY WILD |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 12 | ALAN ZANG |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 13 | DAVID JENKINS |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 14 | YVETTE M ITTU |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 15 | JOSEPH D ROMAN |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 16 | DEBRA JANIK |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 17 | CIPRIANO S BEREDO III |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 18 | ROBERT D LABES |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 19 | MARGARET S CALLESEN |
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| IRS990/Form990PartVIISectionAGrp/TitleTxt | 2 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 3 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 4 | DIRECTOR THROUGH 5/24/17 |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 5 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 6 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 7 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 8 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 9 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 10 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 11 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 12 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 13 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 14 | PRESIDENT |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 15 | SECOND VICE CHAIRMAN |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 16 | TREASURER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 17 | SECRETARY THROUGH 3/29/17 |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 18 | SECRETARY AS OF 3/29/17 |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 19 | ASSISTANT SECRETARY |
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| IRS990/MissionDesc | 0 | TO ASSIST IN THE REVITALIZATION OF LOW-INCOME COMMUNITIES THROUGH THE SUPPORT AND FACILITATION OF REAL ESTATE DEVELOPMENT PROJECTS IN NORTHEAST OHIO, INCLUDING PROJECTS IN THE CITY OF CLEVELAND AND CUYAHOGA COUNTY THAT CANNOT BE UNDERTAKEN ON THEIR OWN. THESE PROJECTS ARE INTENDED TO ACCELERATE ECONOMIC DEVELOPMENT IN NORTHEAST OHIO. IN CARRYING OUT THIS MISSION, CDA-CRF SHALL BE OPERATED EXCLUSIVELY FOR RELIGIOUS, CHARITABLE, SCIENTIFIC, LITERARY, OR EDUCATIONAL PURPOSES WITHIN THE MEANING OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED. |
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| IRS990/ProgramServiceRevenueGrp/Desc | 0 | MANAGEMENT SERVICES |
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| IRS990/ProgSrvcAccomActy2Grp/Desc | 0 | LOANS: CDA-CRF IS A COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION (CDFI), CERTIFIED BY THE CDFI FUND, WITH A FOCUS ON THE MOST DISTRESSED NEIGHBORHOODS IN THE CITY OF CLEVELAND AND SURROUNDING INNER-RING NEIGHBORHOODS, BUT CDA-CRF CAN SERVE CUYAHOGA COUNTY AND ITS SURROUNDING COUNTIES. CDA-CRF'S FOCUS AS A GROWING CDFI IS TO PROVIDE HIGH-IMPACT LOANS THAT CAN ASSIST IN THE REVITALIZATION OF LOW-INCOME COMMUNITIES THROUGH THE SUPPORT AND FACILITATION OF REAL ESTATE AND BUSINESS DEVELOPMENT PROJECTS. MORE SPECIFICALLY, THESE EFFORTS TRACK PROJECTS FROM ACQUISITION AND PREDEVELOPMENT, THROUGH CONSTRUCTION, AND IN SUPPORT OF THE BUSINESSES THAT LEASE SPACE IN REAL ESTATE DEVELOPMENT PROJECTS. DURING 2017, THE ORGANIZATION BEGAN LENDING ACTIVITY UTILIZING ITS CASH RESOURCES GENERATED FROM SUCCESSFULLY MANAGING CDA INVESTMENT FUNDS AND LEVERAGING THOSE FUNDS TO CREATE GREATER IMPACT. AS A NEWLY-CERTIFIED CDFI, CDA-CRF IS REFINING ITS LENDING PRIORITIES TO MATCH GAPS IN THE GREATER CLEVELAND LENDING LANDSCAPE TO CREATE SUSTAINABLE LOAN PRODUCTS WITH THE ABILITY TO ADVANCE CLEVELAND BY SUPPORTING NEIGHBORHOOD REDEVELOPMENT AND SMALL BUSINESS GROWTH THROUGH COLLABORATION AND INCLUSIVITY. THE FOCUS OF THE ORGANIZATION'S LENDING ACTIVITY IS ON THREE MAIN AREAS: I) REAL ESTATE DEVELOPMENT; II) ACQUISITION AND PREDEVELOPMENT, AND III) SMALL BUSINESS LOANS FOCUSING ON REAL-ESTATE LIKE FINANCING FOR TENANT IMPROVEMENTS AND FURNITURE, FIXTURES, AND EQUIPMENT. THE HIGHLIGHTS OF THE PROJECTS FINANCED INCLUDE:SHOREWAY COMMERCE PARK: THE ORGANIZATION WAS ABLE TO PROVIDE MUCH NEEDED FINANCING OF $155,875 TO SHOREWAY COMMERCE PARK, A REVITALIZED $19 MILLION LOGISTICS AND DISTRIBUTION CENTER IN THE ST. CLAIR-SUPERIOR NEIGHBORHOOD. THE PROJECT UTILIZED NMTC FINANCING FROM CNMIF II TO COMPLETE THE PROJECT, AND AT THE TIME OF UNWIND, NEEDED GAP FINANCING TO ASSIST IN EXPENSES RELATED TO UNWIND.THE CHILDREN'S MUSEUM OF CLEVELAND: CNMIF II PROVIDED $8 MILLION OF NMTC ALLOCATION AND LEVERAGED $100,000 WITH CDA-CRF TO PROVIDE A NECESSARY BRIDGE LOAN FOR THE REHABILITATION OF THE STAGER BECKWITH HISTORIC MANSION IN MIDTOWN TO RELOCATE THE CHILDREN'S MUSEUM OF CLEVELAND. THE NEW FACILITY ALLOWS FOR AN OUTDOOR PLAY AREA, EARLY CHILDHOOD AND CULTURAL EDUCATION WINGS, AND AMPLE PARKING FOR THE 100,000-PLUS CHILDREN AND FAMILIES EXPECTED TO BE SERVED ANNUALLY.THE LINCOLN: CDA-CRF PROVIDED $840,000 FOR THE ACQUISITION OF PROPERTY FOR USE IN PHASE II OF A MIXED-INCOME RENTAL BUILDING IN THE TREMONT NEIGHBORHOOD. CNMIF II PROVIDED $5 MILLION IN NMTC FINANCING AND CDP II PROVIDED A $1.25-MILLION LEVERAGE LOAN TO PHASE I OF THE PROJECT IN 2013.GLOBAL CLEVELAND: CDA-CRF WAS ABLE TO PROVIDE A MUCH NEEDED AND FLEXIBLE LOAN OF $83,590 TO GLOBAL CLEVELAND RELATED TO THE TENANT IMPROVEMENTS OF THEIR OFFICE NEAR PUBLIC SQUARE. GLOBAL CLEVELAND IS A NON-PROFIT ORGANIZATION THAT ATTRACTS, WELCOMES, AND CONNECTS INTERNATIONAL NEWCOMERS TO ECONOMIC AND SOCIAL OPPORTUNITIES IN CLEVELAND AND CUYAHOGA COUNTY.DAVE'S MIDTOWN: CDA WAS ABLE TO LEVERAGE ITS OWN RESOURCES TO PROVIDE FINANCING FOR THE CONSTRUCTION OF DAVE'S SUPERMARKET IN MIDTOWN NEIGHBORHOOD, LOCATED IN A FOOD DESERT. CNMIF II PROVIDED $10 MILLION IN NMTC FINANCING, AND CDA-CRF WAS ABLE TO PROVIDE A $2 MILLION LOAN TO THE GROCERY STORE PROJECT.VILLAGE CAPITAL CORPORATION: THE FIRST LOAN MADE BY THE ORGANIZATION INCLUDES A $1,000,000 LINE OF CREDIT TO VILLAGE CAPITAL CORPORATION, A LOCAL CDFI AND NON-PROFIT SPECIALIZING IN LOW-INCOME, MIXED-INCOME, AND MIXED-USE DEVELOPMENT PROJECTS IN VITAL CLEVELAND NEIGHBORHOODS. |
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| IRS990/ProgSrvcAccomActy2Grp/RevenueAmt | 0 | 10868 |
| IRS990/ProgSrvcAccomActy3Grp/Desc | 0 | EQUITY INVESTMENTS & GRANTS: CDA-CRF ASSISTS IN THE REVITALIZATION OF LOW-INCOME COMMUNITIES THROUGH THE SUPPORT AND FACILITATION OF REAL ESTATE AND BUSINESS DEVELOPMENT PROJECTS IN NORTHEAST OHIO. SPECIFICALLY, CDA-CRF HAS EQUITY INVESTMENT IN REAL ESTATE FINANCING ORGANIZATIONS THAT PROMOTE COMMUNITY DEVELOPMENT IN THESE COMMUNITIES. CDA-CRF ALSO WILL UTILIZE AND LEVERAGE RESOURCES TO PROVIDE GRANTS TO THOSE ORGANIZATIONS THAT SUPPORT COMMUNITY DEVELOPMENT IN THE LOW-INCOME COMMUNITIES. WHILE CDA-CRF HAS NOT AWARDED ANY GRANTS SINCE 2014, IT PLANS TO AWARD GRANTS IN THE FUTURE. THE ORGANIZATION WORKS CLOSELY WITH THE OFFICIALS OF THE GREATER CLEVELAND PARTNERSHIP (GCP), AN OHIO NON-PROFIT CORPORATION THAT IS A 501(C)(6), AND ITS SUBSIDIARIES TO IDENTIFY DEVELOPMENT PROJECTS THAT WILL HAVE A TRANSFORMATIVE IMPACT ON THE CITY OF CLEVELAND AND CUYAHOGA COUNTY.CDA-CRF IS A 20% MEMBER IN IRC, WHICH OWNS CLEVELAND INTERNATIONAL FUND, LTD. (CIF), AN APPROVED EB-5 REGIONAL CENTER LOCATED IN CLEVELAND, OHIO. IN ACCORDANCE WITH THE EB-5 IMMIGRANT PILOT PROGRAM, CIF PROVIDES AN ALTERNATIVE SOURCE OF CAPITAL FOR REAL ESTATE PROJECTS THAT CREATE A MINIMUM NUMBER OF JOBS. AS OF DECEMBER 31, 2017, CIF HAD CLOSED ON LOAN COMMITMENTS TOTALING $271.5 MILLION INTO 10 PROJECTS IN CLEVELAND AND CUYAHOGA COUNTY WHICH CREATED 13,700 JOBS.CDA-CRF IS THE 99.9% MANAGING MEMBER OF CNMIF II, A CERTIFIED CDE UNDER THE NMTC PROGRAM INVESTING IN LOW-INCOME COMMUNITIES AND LOW-INCOME PERSONS. AS OF DECEMBER 31, 2017, CNMIF II HAD CLOSED ON $178 MILLION OF NMTC ALLOCATIONS INTO 25 PROJECTS TOTALING OVER $766 MILLION IN DEVELOPMENT COSTS. THESE PROJECTS HAVE PROVIDED REHABILITATION AND CONSTRUCTION OF OVER 2.7 MILLION SQUARE FEET OF COMMERCIAL SPACE AND 715 HOUSING UNITS WITH 26% OF THOSE UNITS QUALIFYING AS AFFORDABLE UNDER THE NMTC PROGRAM, CREATING OVER 4,000 CONSTRUCTION JOBS AND 3,200 PERMANENT JOBS.CDA-CRF IS A 1.7% LIMITED PARTNER IN CDP II, WHICH, AS OF DECEMBER 31, 2017, HAS PROVIDED OVER $134.5 MILLION IN FINANCING INTO 89 PROJECTS TOTALING OVER $2 BILLION IN DEVELOPMENT COSTS. THE FINANCING OF THESE PROJECTS HAS PROVIDED CONSTRUCTION AND REHABILITATION OF OVER 3.2 MILLION SQUARE FEET OF COMMERCIAL SPACE AND NEARLY 3,100 HOUSING UNITS, CREATING OVER 1,800 PERMANENT JOBS AND 2,300 CONSTRUCTION JOBS. |
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| IRS990/ProgSrvcAccomActy3Grp/RevenueAmt | 0 | 162108 |
| IRS990/ProgSrvcAccomActyOtherGrp/Desc | 0 | SERVICING: CDA-CRF PROVIDED SERVICING FUNCTIONS AND COMPLIANCE FOR KEY COMMUNITY DEVELOPMENT NEW MARKETS, LLC, A CLEVELAND-BASED CDE THAT UTILIZES NMTC ALLOCATIONS. CDA-CRF SERVICES THREE ALLOCATIONS TOTALING $44.2 MILLION AND PROJECT DEVELOPMENT COSTS TOTALING OVER $98 MILLION. |
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| IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt | 0 | 0 |
| IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt | 0 | OTHER REVENUE - 2013 AMOUNT: $ 4,968. 2014 AMOUNT: $ 2,142. 2015 AMOUNT: $ 1,700. 2016 AMOUNT: $ 895. 2017 AMOUNT: $ 49. |
| IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc | 0 | SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: |
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| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt | 0 | 1277857 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt | 0 | 9134924 |
| IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt | 0 | 17090 |
| IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt | 0 | 3688 |
| IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt | 0 | 1403 |
| IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt | 0 | 893 |
| IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt | 0 | 23074 |
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Displayed year
2017 • Form 990Detailed filing. Detailed filing data is available for this year.