Civic Intelligence

Coastal Area District Development Authority Inc

990 • Fiscal year 2021 • EIN 58-1395933

Oct 01, 2020 to Sep 30, 2021 • Filed on Dec 16, 2021

Organization ProfileWWW.CADDA-SBA.ORG

View Organization Page

501 Gloucester Street Suite 201Brunswick, GA 31520

(912) 261-2500

Siviq Scores

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

Liabilities / Assets

34th percentile

0.05x

Higher debt load relative to assets than 34% of similar nonprofits.

2021 filings • 501(c)4 • $10M-$25M nonprofits • Source year 2021

Liabilities / Revenue

45th percentile

0.17x

Higher debt load relative to revenue than 45% of similar nonprofits.

2021 filings • 501(c)4 • $10M-$25M nonprofits • Source year 2021

Net Margin

91st percentile

76%

Higher net margin than 91% of similar nonprofits.

2021 filings • 501(c)4 • $10M-$25M nonprofits • Source year 2021

Top Officer Pay

58th percentile

$178,264

Higher top officer pay than 58% of similar nonprofits.

Top officer pay equals 3.6% of source-year revenue.

2021 filings • 501(c)4 • $10M-$25M nonprofits • Source year 2021

Asset Growth

83rd percentile

29%

Faster asset growth than 83% of similar nonprofits.

2021 filings • 501(c)4 • $10M-$25M nonprofits • Annualized from 2020 to 2021

Revenue Growth

95th percentile

471%

Faster revenue growth than 95% of similar nonprofits.

2021 filings • 501(c)4 • $10M-$25M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets34th percentile

Assets

Flat

$17,833,341

Flat from 2021

Net Assets

Flat

$16,991,101

Flat from 2021

Liabilities

Flat

$842,240

Flat from 2021

Revenue And Expenses
Liabilities / Revenue45th percentileNet Margin91st percentile

Revenue

Flat

$4,996,288

Flat from 2021

Expenses

Flat

$1,188,438

Flat from 2021

Net Income

Flat

$3,807,850

Flat from 2021

Historical Trend

Balance Sheet Trend

Asset Growth83rd percentile

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

$30M$20M$10M$0Assets 2010: $15,008,057Liabilities 2010: $1,111,324Net Assets 2010: $13,896,7332010Assets 2011: $14,977,304Liabilities 2011: $1,034,139Net Assets 2011: $13,943,1652011Assets 2012: $14,967,389Liabilities 2012: $980,128Net Assets 2012: $13,987,2612012Assets 2013: $14,849,724Liabilities 2013: $922,970Net Assets 2013: $13,926,7542013Assets 2014: $14,190,495Liabilities 2014: $864,485Net Assets 2014: $13,326,0102014Assets 2015: $13,880,712Liabilities 2015: $812,547Net Assets 2015: $13,068,1652015Assets 2016: $13,844,445Liabilities 2016: $731,927Net Assets 2016: $13,112,5182016Assets 2017: $13,731,945Liabilities 2017: $655,928Net Assets 2017: $13,076,0172017Assets 2018: $13,762,362Liabilities 2018: $684,902Net Assets 2018: $13,077,4602018Assets 2019: $13,870,318Liabilities 2019: $725,194Net Assets 2019: $13,145,1242019Assets 2020: $13,847,292Liabilities 2020: $664,041Net Assets 2020: $13,183,2512020Assets 2021: $17,833,341Liabilities 2021: $842,240Net Assets 2021: $16,991,1012021Assets 2021: $17,833,341Liabilities 2021: $842,240Net Assets 2021: $16,991,1012021Assets 2022: $23,475,246Liabilities 2022: $1,004,923Net Assets 2022: $22,470,3232022Assets 2023: $23,718,712Liabilities 2023: $929,125Net Assets 2023: $22,789,5872023Assets 2025: $24,790,811Liabilities 2025: $1,218,248Net Assets 2025: $23,572,5632025

Highlighted filing

2021

Assets$17,833,341
Liabilities$842,240
Net Assets$16,991,101
Open 2021 Filing

Operations Trend

Revenue Growth95th percentile

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

$8.0M$6.0M$4.0M$2.0M$0-$2.0MExpenses 2010: $1,343,2752010Expenses 2011: $1,055,5442011Expenses 2012: $989,9082012Expenses 2013: $1,001,6602013Revenue 2014: $930,681Expenses 2014: $1,531,425Net Income 2014: -$600,7442014Revenue 2015: $844,986Expenses 2015: $1,102,831Net Income 2015: -$257,8452015Revenue 2016: $938,593Expenses 2016: $894,240Net Income 2016: $44,3532016Revenue 2017: $952,897Expenses 2017: $989,398Net Income 2017: -$36,5012017Revenue 2018: $865,092Expenses 2018: $863,649Net Income 2018: $1,4432018Revenue 2019: $893,295Expenses 2019: $825,631Net Income 2019: $67,6642019Revenue 2020: $874,250Expenses 2020: $836,123Net Income 2020: $38,1272020Revenue 2021: $4,996,288Expenses 2021: $1,188,438Net Income 2021: $3,807,8502021Revenue 2021: $4,996,288Expenses 2021: $1,188,438Net Income 2021: $3,807,8502021Revenue 2022: $6,775,670Expenses 2022: $1,296,448Net Income 2022: $5,479,2222022Revenue 2023: $1,036,906Expenses 2023: $717,642Net Income 2023: $319,2642023Revenue 2025: $1,430,049Expenses 2025: $936,707Net Income 2025: $493,3422025

Highlighted filing

2021

Revenue$4,996,288
Expenses$1,188,438
Net Income$3,807,850
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2020 to Sep 30, 2021
Signed
Dec 16, 2021
Return Version
2020v4.0
Gross Receipts
$4,996,288
Mission and Program Overview

Mission

Create or retain permanent jobs and increase productivity in the coastal georgia area through economic development loan programs.

Economic development lending.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cap Stk Tr Prin Current Funds$13,183,251$16,991,101▲ $3,807,850
Accounts Receivable$7,095,569$10,134,526▲ $3,038,957
Cash and Non-Interest-Bearing Accounts$5,609,038$6,565,191▲ $956,153
Land, Buildings, and Equipment, Net$4,876$3,959▼ $917
Total Assets$13,847,292$17,833,341▲ $3,986,049
Other Assets Total$1,137,809$1,129,665▼ $8,144
Liabilities
Mortgage Notes Payable Secured by Investment Property$559,420$493,908▼ $65,512
Deferred Revenue-$195,340-
Accounts Payable and Accrued Expenses$104,621$152,992▲ $48,371
Total Liabilities$664,041$842,240▲ $178,199
Net Assets / Fund Balance
Total Net Assets Fund Balance$13,183,251$16,991,101▲ $3,807,850
Total Liabilities and Net Assets / Fund Balance$13,847,292$17,833,341▲ $3,986,049

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$3,959$71,422$75,381
Other Assets Org$260,069--
Compensation and Service Providers
Top Officer Pay58th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Andrew StandardExecutive DiFT$168,131$10,133$178,264
Andrew StandardExecutive Director-$168,131$10,133$178,264

Board Members and Trustees

NameTitle
Keith CrusanChairman
Monty LeeVice Chairma
Brian SmithBoard Member
Bryan BurkeBoard Member
Carolyn NelsonBoard Member
Chris HarperBoard Member
Craig RootBoard Member
Daniel NormanBoard Member
Deepika PaulBoard Member
Dell KeithBoard Member
Diana MorrisonBoard Member
Ed AndrewsBoard Member
Gail CurlBoard Member
James DrakeBoard Member
James RogersBoard Member
Jon SeagravesBoard Member
Kim WarnockBoard Member
Randy TestonBoard Member
Cedric KingSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$4,199,354
Program Service Revenue
$359,950
Investment Income
$91,940
Other Revenue
$345,044
Change in Net Assets
$3,807,850

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,996,288
Revenue Not Reported on Form 990
$291,587
Total Revenue per Audited Statements
$5,287,875
Total Revenue per Form 990
$4,996,288
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$652,107
Other Expenses$536,331
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$245,337$86,631-$331,968
Current Officers, Directors, Trustees, and Key Employees$124,255$43,876-$168,131
Other Employee Benefits$81,697$33,604-$115,301
Occupancy-$62,333-$62,333
Advertising$54,100--$54,100
Payroll Taxes$27,350$9,357-$36,707
Fees for Services Other$13,461$11,021-$24,482
Insurance-$16,297-$16,297
Fees for Services Accounting-$15,950-$15,950
Information Technology$8,380$5,824-$14,204
All Other Expenses$4,128$8,148-$12,276
Other Expenses$5,915$3,711-$9,626
Office Expenses$861$5,222-$6,083
Interest$5,834--$5,834
Conferences and Meetings$1,246$2,375-$3,621
Depreciation Depletion$480$2,395-$2,875
Travel$152$372-$524
Total Functional Expenses$871,502$316,936$0$1,188,438

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,480,025
Expenses per Audited Statements$1,188,438
Total Expenses per Form 990$1,188,438
Expenses Not Reported on Form 990$291,587
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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, Page 6, Part VI, Line 11B

“Directors present at the january 2022 board meeting consituted a quorum and reviewed and accepted the 990 as presented.”

Form 990, Page 6, Part VI, Line 12C

“Members of the board of directors are required to review and sign a conflict of interest statement annually.”

Form 990, Page 6, Part VI, Line 15A

“Salaries and raises are discussed and proposed at a meeting of the executive committee. Total salaries and increases are then disclosed in fiscal year budget presented to and approved by the entire board of directors.”

Form 990, Page 6, Part VI, Line 15B

“Salaries and raises are discussed and proposed at a meeting of the executive committee. Total salaries and increases are then disclosed in fiscal year budget presented to and approved by the entire board of directors.”

Form 990, Page 6, Part VI, Line 19

“These documents are not available to the public.”

Filing and Contact Details

Filer

Filer Name
Coastal Area District Development
EIN
58-1395933
Phone
9122612500
Address
501 GLOUCESTER STREET SUITE 201, BRUNSWICK, GA 31520

Signing Officer

Name
Andrew Standard
Title
Executive Director
Phone
9122612500
Signed
2021-12-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Andrew Standard
Formed
1976
Legal Domicile
Ga
Voting Board Members
19
Independent Board Members
19
Employees
6

Preparer

Firm
Holland Bromley Barnhill & Brett Llp
Address
530 STEPHENSON AVE STE 200, SAVANNAH, GA 31405
Preparer
Shannon L Brett
Phone
9122353410
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

“Indirect cost recovery 291,587 current allocated expenses -291,587”

Financial Statement Notes

Schedule D, Page 4, Part XI, Line 2D

“Indirect cost recovery 291,587”

Schedule D, Page 4, Part XII, Line 2D

“Current allocated expenses 291,587”

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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/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt033604
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IRS990/OtherExpensesGrp/Desc0BAD DEBTS EXPENSES
IRS990/OtherExpensesGrp/Desc1OTHER EXPENSES
IRS990/OtherExpensesGrp/Desc2TELEPHONE
IRS990/OtherExpensesGrp/Desc3DUES & SUBSCRIPTIONS
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IRS990/ProgSrvcAccomActy2Grp/Desc0CADDA PROVIDES FUNDING THROUGH THE INTERMEDIARY RELENDING PROGRAM FOR NEW BUSINESSES AT REASONABLE INTEREST RATES DESIGNATED TO PROVIDE ASSISTANCE FOR BUSINESSES IN RURAL AREAS.
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IRS990/ProgSrvcAccomActy3Grp/Desc0NONPUBLIC FUNDS ARE UNRESTRICTED FUNDS GENERATED PRIMARILY THROUGH CHARGES FOR LOAN SERVICES PROVIDED BY CADDA.
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IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1260069
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IRS990ScheduleD/OtherAssetsOrgGrp/Desc1OTHER ASSETS
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IRS990ScheduleD/OtherRevenueAmt0291587
IRS990ScheduleD/RevenueNotReportedAmt0291587
IRS990ScheduleD/RevenueSubtotalAmt04996288
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0INDIRECT COST RECOVERY 291,587
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1CURRENT ALLOCATED EXPENSES 291,587
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 4, PART XI, LINE 2D
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE D, PAGE 4, PART XII, LINE 2D
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0EXECUTIVE DIRECTOR
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IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DIRECTORS PRESENT AT THE JANUARY 2022 BOARD MEETING CONSITUTED A QUORUM AND REVIEWED AND ACCEPTED THE 990 AS PRESENTED.

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$17,833,341
Liabilities
$842,240
Net assets
$16,991,101
Revenue
$4,996,288
Expenses
$1,188,438
Net income
$3,807,850
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$24.8$1.22$23.6$1.43$0.94$0.49
2023Summary only. Only limited summary data is available for this year.$23.7$0.93$22.8$1.04$0.72$0.32
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$23.5$1.00$22.5$6.78$1.30$5.48
2021Detailed filing. Detailed filing data is available for this year.$17.8$0.84$17.0$5.00$1.19$3.81
2021Summary only. Only limited summary data is available for this year.$17.8$0.84$17.0$5.00$1.19$3.81
2020Summary only. Only limited summary data is available for this year.$13.8$0.66$13.2$0.87$0.84$0.04
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$13.9$0.73$13.1$0.89$0.83$0.07
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$13.8$0.68$13.1$0.87$0.86$0.00
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$13.7$0.66$13.1$0.95$0.99$0.04
2016Detailed filing. Detailed filing data is available for this year.$13.8$0.73$13.1$0.94$0.89$0.04
2015Detailed filing. Detailed filing data is available for this year.$13.9$0.81$13.1$0.84$1.10$0.26
2014Detailed filing. Detailed filing data is available for this year.$14.2$0.86$13.3$0.93$1.53$0.60
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$14.8$0.92$13.9$1.00
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$15.0$0.98$14.0$0.99
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$15.0$1.03$13.9$1.06
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$15.0$1.11$13.9$1.34