Civic Intelligence

Columbia Development Corporation

EIN 57-1012435 • 501(c)3 • Columbia, SC

Profile

Columbia development corporation is a catalyst that stimulates economic and residential development to advance the overall quality of life in columbia.

911 Lady Street No CColumbia, SC 29201

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

36th percentile

0.02x

Higher debt load relative to assets than 36% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

56th percentile

0.11x

Higher debt load relative to revenue than 56% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2020

Net Margin

87th percentile

44%

Higher net margin than 87% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

60th percentile

$83,992

Higher top officer pay than 60% of similar nonprofits.

Top officer pay equals 18.4% of source-year revenue.

501(c)3 • $1M-$5M nonprofits • Source year 2020

Asset Growth

22nd percentile

-6.2%

Faster asset growth than 22% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

71st percentile

25%

Faster revenue growth than 71% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Assets

Down

$2,974,132

Down $195,289 (-6.2%) from 2019

Liabilities

Down

$48,806

Down $398,732 (-89%) from 2019

Net Assets

Up

$2,925,326

Up $203,443 (+7.5%) from 2019

Revenue

Up

$457,565

Up $91,320 (+25%) from 2019

Expenses

Down

$254,120

Down $60,670 (-19%) from 2019

Net Income

Up

$203,445

Up $151,990 (+295%) from 2019

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$10M$5.0M$0Assets 2011: $2,458,414Liabilities 2011: $245,786Net Assets 2011: $2,212,6282011Assets 2012: $2,372,784Liabilities 2012: $263,548Net Assets 2012: $2,109,2362012Assets 2013: $8,077,758Liabilities 2013: $6,062,665Net Assets 2013: $2,015,0932013Assets 2014: $8,013,198Liabilities 2014: $6,205,010Net Assets 2014: $1,808,1882014Assets 2015: $2,915,217Liabilities 2015: $462,462Net Assets 2015: $2,452,7552015Assets 2016: $2,827,568Liabilities 2016: $397,184Net Assets 2016: $2,430,3842016Assets 2017: $2,701,850Liabilities 2017: $261,339Net Assets 2017: $2,440,5112017Assets 2018: $3,303,603Liabilities 2018: $633,172Net Assets 2018: $2,670,4312018Assets 2019: $3,169,421Liabilities 2019: $447,538Net Assets 2019: $2,721,8832019Assets 2020: $2,974,132Liabilities 2020: $48,806Net Assets 2020: $2,925,3262020

Highlighted filing

2020

Assets$2,974,132
Liabilities$48,806
Net Assets$2,925,326

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$1.5M$1.0M$500K$0-$500KRevenue 2011: $464,469Expenses 2011: $360,600Net Income 2011: $103,8692011Expenses 2012: $430,8652012Expenses 2013: $527,2782013Revenue 2014: $392,607Expenses 2014: $599,515Net Income 2014: -$206,9082014Revenue 2015: $1,136,186Expenses 2015: $491,616Net Income 2015: $644,5702015Revenue 2016: $335,207Expenses 2016: $357,578Net Income 2016: -$22,3712016Revenue 2017: $349,492Expenses 2017: $339,365Net Income 2017: $10,1272017Revenue 2018: $581,319Expenses 2018: $351,399Net Income 2018: $229,9202018Revenue 2019: $366,245Expenses 2019: $314,790Net Income 2019: $51,4552019Revenue 2020: $457,565Expenses 2020: $254,120Net Income 2020: $203,4452020

Highlighted filing

2020

Revenue$457,565
Expenses$254,120
Net Income$203,445

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
May 14, 2021
Return Version
2019v5.2
Gross Receipts
$989,685
Mission and Program Overview

Mission

Columbia development corporation is a catalyst that stimulates economic and residential development to advance the overall quality of life in columbia.

To initiate and organize programs to stimulate economic and residential development.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,152,325$1,131,866▼ $20,459
Cash and Non-Interest-Bearing Accounts$941,573$1,071,698▲ $130,125
Other Notes and Loans Receivable, Net-$408,000-
Savings and Temporary Cash Investments$200,000$0▼ $200,000
Prepaid Expenses and Deferred Charges$9,584$11,610▲ $2,026
Accounts Receivable$2,635$1,250▼ $1,385
Total Assets$3,169,421$2,974,132▼ $195,289
Other Assets Total$863,304$349,708▼ $513,596
Liabilities
Other Liabilities$200,000$0▼ $200,000
Mortgage Notes Payable Secured by Investment Property$189,378$0▼ $189,378
Accounts Payable and Accrued Expenses$57,005$47,861▼ $9,144
Deferred Revenue$1,155$945▼ $210
Total Liabilities$447,538$48,806▼ $398,732
Net Assets / Fund Balance
Net Assets With Donor Restrictions$1,758,936$1,793,460▲ $34,524
Net Assets Without Donor Restrictions$962,947$1,131,866▲ $168,919
Total Net Assets Fund Balance$2,721,883$2,925,326▲ $203,443
Total Liabilities and Net Assets / Fund Balance$3,169,421$2,974,132▼ $195,289

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$927,692$64,432-
Other Land Buildings$38,013$90-
Land$157,909--
Equipment$5,001$4,445-
Leasehold Improvements$3,251$2,514-
Other Assets Org$349,708--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeOtherTotal
Fred DelkExecutive DirectorFT$83,992$83,992

Board Members and Trustees

NameTitle
Al FloydChair
Benton WilliamsonBoard Member
David WiesendangerBoard Member
Derek GrunerBoard Member
Jessica KingBoard Member
John SherrerBoard Member
Kirkland SmithBoard Member
Lydia BrandtBoard Member
Sherard DuvallBoard Member
Revenue and Support

Revenue Composition

Contributions and Grants
$365,648
Program Service Revenue
$0
Investment Income
$107,483
Other Revenue
$-15,566
Change in Net Assets
$203,445

Audited Revenue Reconciliation

Revenue per Audited Statements
$457,565
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$457,565
Total Revenue per Form 990
$457,565
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$254,120
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 Accounting$27,736$6,934-$34,670
Occupancy$22,567$5,642-$28,209
Office Expenses$4,554$1,139-$5,693
Travel$3,970$993-$4,963
Advertising$2,920$730-$3,650
Other Expenses$2,356$589-$2,945
Depreciation Depletion$453$113-$566
Total Functional Expenses$203,295$50,825$0$254,120

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$254,120
Total Expenses per Audited Statements$254,120
Total Expenses per Form 990$254,120
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
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
Yes
Other officer compensation reviewed
Yes
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 B, Line 11B

Form 990, page 6, part vi, section a, line 10: a copy of form 990 was provided to the organization's governing body's executive committee before it was filed to be reviewed for completeness and correctness.

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

Conflict of interest is monitored by a committee. Conflict of interest policy is reviewed annually and updated as applicable.

Form 990, Part VI, Section B, Line 15

Compensation is determined by the city of columbia's employment and salary approval process.

Form 990, Part VI, Section C, Line 19

Form 990, page 6, part vi, section c, line 19: copies of governing docuents, conflict of interest policy and financial statements are maintained in the front office and are available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Columbia Development Corporation
EIN
57-1012435
Phone
8039888040
Address
911 LADY STREET NO C, COLUMBIA, SC 29201

Signing Officer

Name
Fred Delk
Title
Executive Director
Phone
8039888040
Signed
2021-05-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Fred Delk
Formed
1980
Legal Domicile
Sc
Voting Board Members
9
Independent Board Members
9
Employees
0
Volunteers
0

Preparer

Firm
Mauldin & Jenkins LLC
Address
508 HAMPTON STREET, COLUMBIA, SC 29201
Preparer
Tim Lyons CPA
Phone
8037995810
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

OTHER - ROUNDING -2.

Form 990, Part XII, Line 2C

The corporation has a committee that assumes responsibility for oversight of the audit, and it has not changed from the prior year.

Financial Statement Notes

PART X, LINE 2:

The corporation does not have any uncertain tax positions to report under fin 48.

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IRS990ScheduleD/OtherAssetsOrgGrp/Desc0REAL ESTATE PROPERTIES
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE CORPORATION DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS TO REPORT UNDER FIN 48.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FORM 990, PAGE 6, PART VI, SECTION A, LINE 10: A COPY OF FORM 990 WAS PROVIDED TO THE ORGANIZATION'S GOVERNING BODY'S EXECUTIVE COMMITTEE BEFORE IT WAS FILED TO BE REVIEWED FOR COMPLETENESS AND CORRECTNESS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1CONFLICT OF INTEREST IS MONITORED BY A COMMITTEE. CONFLICT OF INTEREST POLICY IS REVIEWED ANNUALLY AND UPDATED AS APPLICABLE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2COMPENSATION IS DETERMINED BY THE CITY OF COLUMBIA'S EMPLOYMENT AND SALARY APPROVAL PROCESS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3FORM 990, PAGE 6, PART VI, SECTION C, LINE 19: COPIES OF GOVERNING DOCUENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE MAINTAINED IN THE FRONT OFFICE AND ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4OTHER - ROUNDING -2.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE CORPORATION HAS A COMMITTEE THAT ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT, AND IT HAS NOT CHANGED FROM THE PRIOR YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XI, LINE 9:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XII, LINE 2C
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IRS990ScheduleR/AssetSaleToOtherOrgInd00
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IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt0RIVER VISTA LLC
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt1LOCAL REALTY LLC
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt2COLUMBIA NEW MARKETS FUND LLC
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt3COLUMBIA NEW MARKETS FUND II LLC
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt4COMPRESS HOLDING COMPANY LLC
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt5COLUMBIA NEW MARKETS CORPORATION
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IRS990ScheduleR/IdDisregardedEntitiesGrp/EIN1452559669
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IRS990ScheduleR/IdDisregardedEntitiesGrp/LegalDomicileStateCd4SC
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IRS990ScheduleR/IdDisregardedEntitiesGrp/PrimaryActivitiesTxt0PURCHASE REAL ESTATE HELD FOR SALE
IRS990ScheduleR/IdDisregardedEntitiesGrp/PrimaryActivitiesTxt1PURCHASE REAL ESTATE HELD FOR SALE
IRS990ScheduleR/IdDisregardedEntitiesGrp/PrimaryActivitiesTxt2PURCHASE REAL ESTATE HELD FOR SALE
IRS990ScheduleR/IdDisregardedEntitiesGrp/PrimaryActivitiesTxt3PURCHASE REAL ESTATE HELD FOR SALE
IRS990ScheduleR/IdDisregardedEntitiesGrp/PrimaryActivitiesTxt4PURCHASE REAL ESTATE HELD FOR SALE
IRS990ScheduleR/IdDisregardedEntitiesGrp/PrimaryActivitiesTxt5PURCHASE REAL ESTATE HELD FOR SALE
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IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/AddressLine1Txt1911 LADY STREET SUITE C
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/AddressLine1Txt2911 LADY STREET SUITE C
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/AddressLine1Txt3911 LADY STREET SUITE C
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/AddressLine1Txt4911 LADY STREET SUITE C
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/AddressLine1Txt5911 LADY STREET SUITE C
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/CityNm0COLUMBIA
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/CityNm1COLUMBIA
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IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/CityNm4COLUMBIA
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IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/StateAbbreviationCd0SC
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IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/StateAbbreviationCd2SC
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0GOVERNMENT
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0COLUMBIA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0SC
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IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
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