Civic Intelligence

Anne Arundel Economic Development Corporation

990 • Fiscal year 2019 • EIN 52-1810772

Jul 01, 2018 to Jun 30, 2019 • Filed on Nov 13, 2019

Organization ProfileWWW.AAEDC.ORG
2660 Riva Road No 200Annapolis, MD 21401

(410) 222-7410

Siviq Scores

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

Liabilities / Assets

87th percentile

0.82x

Higher debt load relative to assets than 87% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Liabilities / Revenue

90th percentile

2.63x

Higher debt load relative to revenue than 90% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Net Margin

84th percentile

30%

Higher net margin than 84% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Top Officer Pay

41st percentile

$150,953

Higher top officer pay than 41% of similar nonprofits.

Top officer pay equals 3.3% of source-year revenue.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Asset Growth

68th percentile

9.8%

Faster asset growth than 68% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2018 to 2019

Revenue Growth

87th percentile

37%

Faster revenue growth than 87% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets87th percentile

Assets

Up

$14,717,678

Up $1,318,929 (+9.8%) from 2018

Net Assets

Up

$2,631,868

Up $1,375,019 (+109%) from 2018

Liabilities

Down

$12,085,810

Down $56,090 (-0.5%) from 2018

Revenue And Expenses
Liabilities / Revenue90th percentileNet Margin84th percentile

Revenue

Up

$4,600,460

Up $1,250,022 (+37%) from 2018

Expenses

Up

$3,225,441

Up $225,646 (+7.5%) from 2018

Net Income

Up

$1,375,019

Up $1,024,376 (+292%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth68th percentile

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

$20M$15M$10M$5.0M$0Assets 2010: $6,594,321Liabilities 2010: $2,114,714Net Assets 2010: $4,479,6072010Assets 2011: $6,474,955Liabilities 2011: $2,155,965Net Assets 2011: $4,318,9902011Assets 2012: $5,959,230Liabilities 2012: $2,079,931Net Assets 2012: $3,879,2992012Assets 2013: $6,540,854Liabilities 2013: $2,527,807Net Assets 2013: $4,013,0472013Assets 2014: $10,076,170Liabilities 2014: $5,586,561Net Assets 2014: $4,489,6092014Assets 2015: $10,801,510Liabilities 2015: $5,794,062Net Assets 2015: $5,007,4482015Assets 2016: $12,424,587Liabilities 2016: $7,002,930Net Assets 2016: $5,421,6572016Assets 2017: $13,399,379Liabilities 2017: $9,941,696Net Assets 2017: $3,457,6832017Assets 2018: $13,398,749Liabilities 2018: $12,141,900Net Assets 2018: $1,256,8492018Assets 2019: $14,717,678Liabilities 2019: $12,085,810Net Assets 2019: $2,631,8682019Assets 2020: $19,127,400Liabilities 2020: $15,497,408Net Assets 2020: $3,629,9922020Assets 2021: $15,670,028Liabilities 2021: $9,403,080Net Assets 2021: $6,266,9482021Assets 2022: $9,320,610Liabilities 2022: $7,288,965Net Assets 2022: $2,031,6452022Assets 2023: $10,622,173Liabilities 2023: $8,623,197Net Assets 2023: $1,998,9762023Assets 2024: $10,217,914Liabilities 2024: $8,885,666Net Assets 2024: $1,332,2482024

Highlighted filing

2019

Assets$14,717,678
Liabilities$12,085,810
Net Assets$2,631,868
Open 2019 Filing

Operations Trend

Revenue Growth87th percentile

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

$40M$30M$20M$10M$0-$10MExpenses 2010: $2,374,1742010Expenses 2011: $2,416,9562011Expenses 2012: $2,454,1942012Expenses 2013: $2,519,3202013Revenue 2014: $3,411,211Expenses 2014: $2,934,649Net Income 2014: $476,5622014Revenue 2015: $3,552,289Expenses 2015: $3,034,450Net Income 2015: $517,8392015Revenue 2016: $3,383,424Expenses 2016: $2,969,215Net Income 2016: $414,2092016Revenue 2017: $3,126,020Expenses 2017: $3,601,931Net Income 2017: -$475,9112017Revenue 2018: $3,350,438Expenses 2018: $2,999,795Net Income 2018: $350,6432018Revenue 2019: $4,600,460Expenses 2019: $3,225,441Net Income 2019: $1,375,0192019Revenue 2020: $6,117,104Expenses 2020: $5,118,980Net Income 2020: $998,1242020Revenue 2021: $30,337,180Expenses 2021: $27,700,203Net Income 2021: $2,636,9772021Revenue 2022: $3,951,927Expenses 2022: $3,576,284Net Income 2022: $375,6432022Revenue 2023: $3,689,720Expenses 2023: $3,722,389Net Income 2023: -$32,6692023Revenue 2024: $4,386,829Expenses 2024: $4,463,024Net Income 2024: -$76,1952024

Highlighted filing

2019

Revenue$4,600,460
Expenses$3,225,441
Net Income$1,375,019
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Nov 13, 2019
Return Version
2018v3.1
Gross Receipts
$4,600,460
Mission and Program Overview

Mission

To serve business needs and to increase anne arundel county economic base through job growth and investment.

To promote economic development by providing financing options and provide economic information.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$7,658,888$9,842,859▲ $2,183,971
Savings and Temporary Cash Investments$2,726,620$2,767,749▲ $41,129
Cap Stk Tr Prin Current Funds$765,170$2,173,881▲ $1,408,711
Cash and Non-Interest-Bearing Accounts$2,183,127$1,185,888▼ $997,239
Rtn Earn Endowment Incm Other Fnds$250,000$250,000→ $0
Land, Buildings, and Equipment, Net$284,705$230,887▼ $53,818
Pd in Cap Srpls Land Bldg Eqp Fund$241,679$207,987▼ $33,692
Accounts Receivable-$22,899-
Prepaid Expenses and Deferred Charges$12,336$14,681▲ $2,345
Total Assets$13,398,749$14,717,678▲ $1,318,929
Other Assets Total$533,073$652,715▲ $119,642
Liabilities
Other Liabilities$10,334,887$11,106,950▲ $772,063
Mortgage Notes Payable Secured by Investment Property$995,417$494,962▼ $500,455
Accounts Payable and Accrued Expenses$254,036$372,121▲ $118,085
Deferred Revenue$557,560$111,777▼ $445,783
Total Liabilities$12,141,900$12,085,810▼ $56,090
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,256,849$2,631,868▲ $1,375,019
Total Liabilities and Net Assets / Fund Balance$13,398,749$14,717,678▲ $1,318,929

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$60,771$272,693$333,464
Other Land Buildings$54,481$224,568$279,049
Leasehold Improvements$115,635$36,218$151,853
Compensation and Service Providers
Top Officer Pay41st percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Stephen PrimoschVice President, FinancialFT$106,916$44,037$150,953
Jill SeamonAdministrative OfficerFT$114,945$31,365$146,310
Rosa Cruz-penafielVice President, CommunicatFT$103,395$42,520$145,915
Jerry WalkerPresident/CEOFT$32,730$6,428$39,158

Board Members and Trustees

NameTitle
Jeffrey ArmigerChairman
Eric DevitoVice Chairman
Eliot PowellBoard Member
Hamilton ChaneyBoard Member
John ShetroneBoard Member
Jose BoludaBoard Member
Kathleen MccollumBoard Member
Kevin CarterBoard Member
Ron DillonBoard Member
Paul GableSecretary
Joel RoznerTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$2,462,500
Program Service Revenue
$2,126,815
Investment Income
$11,145
Other Revenue
$0
Change in Net Assets
$1,375,019

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,600,460
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$376,612
Total Revenue per Audited Statements
$4,977,072
Total Revenue per Form 990
$4,600,460
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,159,870
Other Expenses$1,065,571
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$906,759$327,388-$1,234,147
Pension Plan Contributions$286,497$94,774-$381,271
Other Employee Benefits$218,660$69,755-$288,415
Fees for Services Other$158,003$1,201-$159,204
Current Officers, Directors, Trustees, and Key Employees$156,821--$156,821
Advertising$126,564$14,743-$141,307
Payroll Taxes$75,108$24,108-$99,216
All Other Expenses$57,082$36,993-$94,075
Occupancy$38,229$48,392-$86,621
Travel$54,342$4,190-$58,532
Depreciation Depletion$37,476$18,796-$56,272
Other Expenses$49,367--$49,367
Interest-$44,511-$44,511
Office Expenses$27,718$8,067-$35,785
Fees for Services Accounting$16,358$14,308-$30,666
Fees for Services Legal$4,408$7,464-$11,872
Information Technology$5,924$5,548-$11,472
Insurance$995$7,572-$8,567
Total Functional Expenses$2,497,631$727,810$0$3,225,441

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$3,602,053
Expenses per Audited Statements$3,225,441
Total Expenses per Form 990$3,225,441
Expenses Not Reported on Form 990$376,612
Expenses Not Reported on Financial Statements$0
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
Due to State-volt$5,781,214
Opeb Liability$2,670,886
Pension Liability$2,631,950
Capital Lease Payable$22,900
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
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 1

“There shall be an executive committee of the board consisting of the elected officers of the corporation. The corporation's president/chief executive officer shall be an ex officio member of the executive committee. The executive committee shall be empowered to act on behalf of the board of directors on any issue except elections and amendments to the articles of incorporation or to the by-laws and shall report all actions taken at the next regular or special meeting of the board.”

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

“The form 990 is provided to the entire board before filing.”

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

“The conflict of interest policy applies to the directors of the organization. A director shall disclose to the board of directors any interest that the director may have, as well as any known interest held by the director's spouse or by any relative of the director or the director's spouse, in any contract or transaction under consideration by the corporation. If a director is also a director in a corporation, firm, or other entity with which the corporation proposes to contract or otherwise transact business, the director shall disclose that fact as well. Except for administrative or ministerial duties that do not affect the disposition or decision, the director shall not vote upon or participate in any way in any contract or transaction with a relative of a director or with a corporation, firm, or other entity in which the director has an interest or in which the director is a director. The director shall leave the room during consideration, discussion, and voting on the matter. The presence of the interested director may be counted for purposes of determining a quorum at the meeting. Each director shall file on at least a yearly basis the attached director's and officer's disclosure statement.”

Form 990, Part VI, Section C, Line 19

“The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Anne Arundel Economic Development
EIN
52-1810772
Phone
4102227410
Address
2660 RIVA ROAD NO 200, ANNAPOLIS, MD 21401

Signing Officer

Name
Jeff Armiger
Title
Chairman
Phone
4102227410
Signed
2019-11-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jeff Armiger
Formed
1993
Legal Domicile
Md
Voting Board Members
11
Independent Board Members
11
Employees
17
Volunteers
11

Preparer

Firm
Cliftonlarsonallen Llp
Address
1966 GREENSPRING DRIVE SUITE 300, TIMONIUM, MD 21093-4161
Preparer
Lauren Ballard CPA
Phone
4104530900
Supplemental Narrative

Financial Statement Notes

PART XI, LINE 2D - OTHER ADJUSTMENTS:

“Marketing vip tour expenses -5,244.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Marketing vip tour expenses -5,244.”

Raw XML AppendixShowing 400 of 565 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/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt3TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt4BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt5BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt6BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt7BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt8BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt9BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt10BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt11PRESIDENT/CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt12VICE PRESIDENT, FINANCIAL
IRS990/Form990PartVIISectionAGrp/TitleTxt13ADMINISTRATIVE OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt14VICE PRESIDENT, COMMUNICAT
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IRS990/FSAuditedInd01
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IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt011
IRS990/GovernmentGrantsAmt02462500
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt04600460
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt011
IRS990/IndivRcvdGreaterThan100KCnt03
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt05548
IRS990/InformationTechnologyGrp/ProgramServicesAmt05924
IRS990/InformationTechnologyGrp/TotalAmt011472
IRS990/InsuranceGrp/ManagementAndGeneralAmt07572
IRS990/InsuranceGrp/ProgramServicesAmt0995
IRS990/InsuranceGrp/TotalAmt08567
IRS990/InterestGrp/ManagementAndGeneralAmt044511
IRS990/InterestGrp/TotalAmt044511
IRS990/InvestmentIncomeGrp/ExclusionAmt011145
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt011145
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt041
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0533479
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0284705
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0230887
IRS990/LandBldgEquipCostOrOtherBssAmt0764366
IRS990/LegalDomicileStateCd0MD
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingCashInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO SERVE BUSINESS NEEDS AND TO INCREASE ANNE ARUNDEL COUNTY ECONOMIC BASE THROUGH JOB GROWTH AND INVESTMENT.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
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IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt0494962
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IRS990/NetAssetsOrFundBalancesEOYAmt02631868
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
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IRS990/OccupancyGrp/ProgramServicesAmt038229
IRS990/OccupancyGrp/TotalAmt086621
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt08067
IRS990/OfficeExpensesGrp/ProgramServicesAmt027718
IRS990/OfficeExpensesGrp/TotalAmt035785
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0533073
IRS990/OtherAssetsTotalGrp/EOYAmt0652715
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt069755
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0218660
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0288415
IRS990/OtherExpensesGrp/Desc0TRAINING EXPENSES
IRS990/OtherExpensesGrp/Desc1EVENT EXPENSES
IRS990/OtherExpensesGrp/Desc2BAD DEBT EXPENSE
IRS990/OtherExpensesGrp/ProgramServicesAmt0203881
IRS990/OtherExpensesGrp/ProgramServicesAmt173439
IRS990/OtherExpensesGrp/ProgramServicesAmt249367
IRS990/OtherExpensesGrp/TotalAmt0203881
IRS990/OtherExpensesGrp/TotalAmt173439
IRS990/OtherExpensesGrp/TotalAmt249367
IRS990/OtherLiabilitiesGrp/BOYAmt010334887
IRS990/OtherLiabilitiesGrp/EOYAmt011106950
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0327388
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0906759
IRS990/OtherSalariesAndWagesGrp/TotalAmt01234147
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt07658888
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt09842859
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt024108
IRS990/PayrollTaxesGrp/ProgramServicesAmt075108
IRS990/PayrollTaxesGrp/TotalAmt099216
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt0241679
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt0207987
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt094774
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0286497
IRS990/PensionPlanContributionsGrp/TotalAmt0381271
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt012336
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt014681
IRS990/PrincipalOfficerNm0JEFF ARMIGER
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0561499
IRS990/ProgramServiceRevenueGrp/BusinessCd1561499
IRS990/ProgramServiceRevenueGrp/BusinessCd2561499
IRS990/ProgramServiceRevenueGrp/BusinessCd3561499
IRS990/ProgramServiceRevenueGrp/Desc0VIDEO LOTTERY TERMINAL
IRS990/ProgramServiceRevenueGrp/Desc1FINANCIAL SERVICES
IRS990/ProgramServiceRevenueGrp/Desc2AGRICULTURAL MARKETING
IRS990/ProgramServiceRevenueGrp/Desc3OTHER INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01374865
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1646440
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt281235
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt324275
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01374865
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1646440
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt281235
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt324275
IRS990/ProgSrvcAccomActy2Grp/Desc0FINANCIAL SERVICES:PROVIDES LOANS TO BUSINESSES LOCATED IN OR RELOCATING TO, ANNE ARUNDEL COUNTY, MARYLAND. THE PROGRAM IS FOR THE PURPOSE OF ENCOURAGING BUSINESS DEVELOPMENT WITHIN THE COUNTY.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0711429
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt0646440
IRS990/ProgSrvcAccomActy3Grp/Desc0AGRICULTURAL MARKETING:PROVIDING LEASING OF AGRICULTURAL EQUIPMENT AND OBJECTS AND TO PROMOTE AND ENCOURAGE THE DEVELOPMENT OF AGRICULTURE IN ANNE ARUNDEL COUNTY AND SOUTHERN MARYLAND.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt0336167
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt081235
IRS990/ProgSrvcAccomActyOtherGrp/Desc0COMMUNITY DEVELOPMENT:FACILITATING INVESTMENT IN AND DEVELOPMENT OF REAL ESTATE, COMMUNITIES AND BUSINESSES IN ANNE ARUNDEL COUNTY.
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt01764
IRS990/ProgSrvcAccomActyOtherGrp/RevenueAmt024275
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt02490000
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0300
IRS990/PYInvestmentIncomeAmt0-195840
IRS990/PYOtherExpensesAmt01190485
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt01056278
IRS990/PYRevenuesLessExpensesAmt0350643
IRS990/PYSalariesCompEmpBnftPaidAmt01809010
IRS990/PYTotalExpensesAmt02999795
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt03350438
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt01375019
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt01374865
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0250000
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0250000
IRS990/SavingsAndTempCashInvstGrp/BOYAmt02726620
IRS990/SavingsAndTempCashInvstGrp/EOYAmt02767749
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt01462500
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt01490000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt01162500
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt01149921
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0888911
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt06153832
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearAmt0376623
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearMinus1YearAmt0336977
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearMinus2YearsAmt0313644
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearMinus3YearsAmt0307957
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearMinus4YearsAmt0300754
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt01635955
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt011145
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt08615
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt023296
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt05819
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt06324
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt055199
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt06898149
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.99570
IRS990ScheduleA/PublicSupportPY170Pct00.99550
IRS990ScheduleA/PublicSupportTotal170Amt012789787
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearAmt01000000
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus1YearAmt01000000
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IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus4YearsAmt01000000
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt05000000
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt02839123
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt02826977
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt02476144
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt02457878
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt02189665
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt012789787
IRS990ScheduleA/TotalSupportAmt012844986
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt0381856

Document Assets

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Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$14,717,678
Liabilities
$12,085,810
Net assets
$2,631,868
Revenue
$4,600,460
Expenses
$3,225,441
Net income
$1,375,019
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$10.2$8.89$1.33$4.39$4.46$0.08
2023Detailed filing. Detailed filing data is available for this year.$10.6$8.62$2.00$3.69$3.72$0.03
2022Detailed filing. Detailed filing data is available for this year.$9.32$7.29$2.03$3.95$3.58$0.38
2021Detailed filing. Detailed filing data is available for this year.$15.7$9.40$6.27$30.3$27.7$2.64
2020Detailed filing. Detailed filing data is available for this year.$19.1$15.5$3.63$6.12$5.12$1.00
2019Detailed filing. Detailed filing data is available for this year.$14.7$12.1$2.63$4.60$3.23$1.38
2018Detailed filing. Detailed filing data is available for this year.$13.4$12.1$1.26$3.35$3.00$0.35
2017Detailed filing. Detailed filing data is available for this year.$13.4$9.94$3.46$3.13$3.60$0.48
2016Detailed filing. Detailed filing data is available for this year.$12.4$7.00$5.42$3.38$2.97$0.41
2015Detailed filing. Detailed filing data is available for this year.$10.8$5.79$5.01$3.55$3.03$0.52
2014Detailed filing. Detailed filing data is available for this year.$10.1$5.59$4.49$3.41$2.93$0.48
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.54$2.53$4.01$2.52
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.96$2.08$3.88$2.45
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.47$2.16$4.32$2.42
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.59$2.11$4.48$2.37