Civic Intelligence

Coastal Area District Development Authority Inc

990 • Fiscal year 2023 • EIN 58-1395933

Oct 01, 2022 to Sep 30, 2023 • Filed on Jan 16, 2024

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

32nd percentile

0.04x

Higher debt load relative to assets than 32% of similar nonprofits.

2023 filings • 501(c)4 • $10M-$25M nonprofits • Source year 2023

Liabilities / Revenue

70th percentile

0.90x

Higher debt load relative to revenue than 70% of similar nonprofits.

2023 filings • 501(c)4 • $10M-$25M nonprofits • Source year 2023

Net Margin

75th percentile

31%

Higher net margin than 75% of similar nonprofits.

2023 filings • 501(c)4 • $10M-$25M nonprofits • Source year 2023

Top Officer Pay

48th percentile

$135,000

Higher top officer pay than 48% of similar nonprofits.

Top officer pay equals 13.0% of source-year revenue.

2023 filings • 501(c)4 • $10M-$25M nonprofits • Source year 2023

Asset Growth

39th percentile

1.0%

Faster asset growth than 39% of similar nonprofits.

2023 filings • 501(c)4 • $10M-$25M nonprofits • Annualized from 2022 to 2023

Revenue Growth

2nd percentile

-85%

Faster revenue growth than 2% of similar nonprofits.

2023 filings • 501(c)4 • $10M-$25M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets32nd percentile

Assets

Flat

$23,718,712

Flat from 2023

Net Assets

Flat

$22,789,587

Flat from 2023

Liabilities

Flat

$929,125

Flat from 2023

Revenue And Expenses
Liabilities / Revenue70th percentileNet Margin75th percentile

Revenue

Flat

$1,036,906

Flat from 2023

Expenses

Flat

$717,642

Flat from 2023

Net Income

Flat

$319,264

Flat from 2023

Historical Trend

Balance Sheet Trend

Asset Growth39th 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 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 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

2023

Assets$23,718,712
Liabilities$929,125
Net Assets$22,789,587
Open 2023 Filing

Operations Trend

Revenue Growth2nd 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 2022: $6,775,670Expenses 2022: $1,296,448Net Income 2022: $5,479,2222022Revenue 2023: $1,036,906Expenses 2023: $717,642Net Income 2023: $319,2642023Revenue 2023: $1,036,906Expenses 2023: $717,642Net Income 2023: $319,2642023Revenue 2025: $1,430,049Expenses 2025: $936,707Net Income 2025: $493,3422025

Highlighted filing

2023

Revenue$1,036,906
Expenses$717,642
Net Income$319,264
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2022 to Sep 30, 2023
Signed
Jan 16, 2024
Return Version
2022v5.0
Gross Receipts
$1,036,906
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
Rtn Earn Endowment Incm Other Fnds-$22,789,587-
Cap Stk Tr Prin Current Funds$22,470,323--
Accounts Receivable$15,962,364$14,911,260▼ $1,051,104
Cash and Non-Interest-Bearing Accounts$6,994,527$8,388,431▲ $1,393,904
Land, Buildings, and Equipment, Net$186,932$153,712▼ $33,220
Pledges and Grants Receivable$53,025--
Total Assets$23,475,246$23,718,712▲ $243,466
Other Assets Total$278,398$265,309▼ $13,089
Liabilities
Mortgage Notes Payable Secured by Investment Property$743,911$679,878▼ $64,033
Other Liabilities$228,252$208,250▼ $20,002
Accounts Payable and Accrued Expenses$32,760$40,997▲ $8,237
Total Liabilities$1,004,923$929,125▼ $75,798
Net Assets / Fund Balance
Total Net Assets Fund Balance$22,470,323$22,789,587▲ $319,264
Total Liabilities and Net Assets / Fund Balance$23,475,246$23,718,712▲ $243,466

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$141,564$107,543$249,107
Equipment$12,148$57,527$69,675
Compensation and Service Providers
Top Officer Pay48th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Terrence LoukCEOFT$131,288$3,712$135,000

Board Members and Trustees

NameTitle
Cedric KingChairman
Diana MorrisonVice-chairma
Brian SmithBoard Member
Bryan BurkeBoard Member
Cherise CartwrightBoard Member
Chris HarperBoard Member
Craig RootBoard Member
Daniel NormanBoard Member
Deepika PaulBoard Member
James Drake JrBoard Member
James RogersBoard Member
Jon SeagravesBoard Member
Keith CrusanBoard Member
Kimball WarnockBoard Member
Monty LeeBoard Member
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$696,288
Investment Income
$155,969
Other Revenue
$184,649
Change in Net Assets
$319,264

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,036,906
Revenue Not Reported on Form 990
$408,340
Total Revenue per Audited Statements
$1,445,246
Total Revenue per Form 990
$1,036,906
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$481,853
Other Expenses$235,789
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$145,400$71,357-$216,757
Current Officers, Directors, Trustees, and Key Employees$90,557$44,443-$135,000
Other Employee Benefits$63,973$38,508-$102,481
Fees for Services Accounting-$85,995-$85,995
Depreciation Depletion$525$56,400-$56,925
Fees for Services Other$5,788$26,385-$32,173
Payroll Taxes$18,420$9,195-$27,615
Insurance-$26,271-$26,271
Interest$12,069$8,726-$20,795
Occupancy$68$14,403-$14,471
Advertising$2,500$9,230-$11,730
Conferences and Meetings$2,555$8,003-$10,558
Travel$226$6,416-$6,642
Fees for Services Legal$4,063--$4,063
Office Expenses$229$2,662-$2,891
Other Expenses$1,531$142-$1,673
All Other Expenses$-77,544$1,503-$-76,041
Total Functional Expenses$292,335$425,307$0$717,642

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,125,982
Expenses per Audited Statements$717,642
Total Expenses per Form 990$717,642
Expenses Not Reported on Form 990$408,340
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Lease Obligations$148,638
Line of Credit$59,612
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 board meeting where the form 990 draft was presented constituted 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
Terrence Louk
Title
CEO
Phone
3305509198
Signed
2024-01-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Terrence Louk
Formed
1976
Legal Domicile
Ga
Voting Board Members
15
Independent Board Members
15
Employees
8

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 408,340 current allocated expenses -408,340”

Financial Statement Notes

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

“Indirect cost recovery 408,340”

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

“Current allocated expenses 408,340”

Raw XML AppendixShowing 400 of 455 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.

Path#Value
IRS990/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt032760
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt040997
IRS990/AccountsReceivableGrp/BOYAmt015962364
IRS990/AccountsReceivableGrp/EOYAmt014911260
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0ECONOMIC DEVELOPMENT LENDING.
IRS990/AdvertisingGrp/ManagementAndGeneralAmt09230
IRS990/AdvertisingGrp/ProgramServicesAmt02500
IRS990/AdvertisingGrp/TotalAmt011730
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt01503
IRS990/AllOtherExpensesGrp/ProgramServicesAmt0-77544
IRS990/AllOtherExpensesGrp/TotalAmt0-76041
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/AuditCommitteeInd0true
IRS990/BooksInCareOfDetail/PersonNm0TERRENCE LOUK
IRS990/BooksInCareOfDetail/PhoneNum09122612500
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0501 GLOUCESTER STREET
IRS990/BooksInCareOfDetail/USAddress/AddressLine2Txt0SUITE 201
IRS990/BooksInCareOfDetail/USAddress/CityNm0BRUNSWICK
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0GA
IRS990/BooksInCareOfDetail/USAddress/ZIPCd031520
IRS990/BusinessRlnWith35CtrlEntInd0false
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CapStkTrPrinCurrentFundsGrp/BOYAmt022470323
IRS990/CashNonInterestBearingGrp/BOYAmt06994527
IRS990/CashNonInterestBearingGrp/EOYAmt08388431
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt044443
IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt090557
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0135000
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0true
IRS990/CompensationProcessOtherInd0true
IRS990/ConferencesMeetingsGrp/ManagementAndGeneralAmt08003
IRS990/ConferencesMeetingsGrp/ProgramServicesAmt02555
IRS990/ConferencesMeetingsGrp/TotalAmt010558
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt0155969
IRS990/CYOtherExpensesAmt0235789
IRS990/CYOtherRevenueAmt0184649
IRS990/CYProgramServiceRevenueAmt0696288
IRS990/CYRevenuesLessExpensesAmt0319264
IRS990/CYSalariesCompEmpBnftPaidAmt0481853
IRS990/CYTotalExpensesAmt0717642
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt01036906
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt056400
IRS990/DepreciationDepletionGrp/ProgramServicesAmt0525
IRS990/DepreciationDepletionGrp/TotalAmt056925
IRS990/Desc0CADDA PROVIDES LOAN FUNDING THROUGH REVOLVING LOAN FUNDS TO COMPANIES WITHIN THE COASTAL GEORGIA AREA THAT WILL RESULT IN A POSITIVE ECONOMIC IMPACT AND THE CREATION OF JOBS.
IRS990/DescribedInSection501c3Ind0false
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0true
IRS990/DonorAdvisedFundInd0false
IRS990/DonorRstrOrQuasiEndowmentsInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt08
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/ExpenseAmt0163109
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditPerformedInd0true
IRS990/FederalGrantAuditRequiredInd0true
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt085995
IRS990/FeesForServicesAccountingGrp/TotalAmt085995
IRS990/FeesForServicesLegalGrp/ProgramServicesAmt04063
IRS990/FeesForServicesLegalGrp/TotalAmt04063
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt026385
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt05788
IRS990/FeesForServicesOtherGrp/TotalAmt032173
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt040.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt12.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt22.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt32.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt42.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt52.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt62.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt72.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt82.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt92.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt102.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt112.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt122.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt132.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt142.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt152.50
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd9X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd10X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd11X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd12X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd13X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd14X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt03712
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt100
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt110
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt120
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt130
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt140
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt150
IRS990/Form990PartVIISectionAGrp/PersonNm0TERRENCE LOUK
IRS990/Form990PartVIISectionAGrp/PersonNm1BRYAN BURKE
IRS990/Form990PartVIISectionAGrp/PersonNm2CHERISE CARTWRIGHT
IRS990/Form990PartVIISectionAGrp/PersonNm3KEITH CRUSAN
IRS990/Form990PartVIISectionAGrp/PersonNm4CHRIS HARPER
IRS990/Form990PartVIISectionAGrp/PersonNm5JAMES DRAKE JR
IRS990/Form990PartVIISectionAGrp/PersonNm6CEDRIC KING
IRS990/Form990PartVIISectionAGrp/PersonNm7MONTY LEE
IRS990/Form990PartVIISectionAGrp/PersonNm8DIANA MORRISON
IRS990/Form990PartVIISectionAGrp/PersonNm9DANIEL NORMAN
IRS990/Form990PartVIISectionAGrp/PersonNm10DEEPIKA PAUL
IRS990/Form990PartVIISectionAGrp/PersonNm11JAMES ROGERS
IRS990/Form990PartVIISectionAGrp/PersonNm12CRAIG ROOT
IRS990/Form990PartVIISectionAGrp/PersonNm13JON SEAGRAVES
IRS990/Form990PartVIISectionAGrp/PersonNm14BRIAN SMITH
IRS990/Form990PartVIISectionAGrp/PersonNm15KIMBALL WARNOCK
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt0131288
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt150
IRS990/Form990PartVIISectionAGrp/TitleTxt0CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt1BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt2BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt3BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt4BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt5BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt6CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt7BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt8VICE-CHAIRMA
IRS990/Form990PartVIISectionAGrp/TitleTxt9BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt10BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt11BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt12BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt13BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt14BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt15BOARD MEMBER
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr01976
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt015
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt01036906
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt015
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt026271
IRS990/InsuranceGrp/TotalAmt026271
IRS990/InterestGrp/ManagementAndGeneralAmt08726
IRS990/InterestGrp/ProgramServicesAmt012069
IRS990/InterestGrp/TotalAmt020795
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt0155969
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0155969
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt06
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0165070
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0186932
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0153712
IRS990/LandBldgEquipCostOrOtherBssAmt0318782
IRS990/LegalDomicileStateCd0GA
IRS990/LoanOutstandingInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0CREATE OR RETAIN PERMANENT JOBS AND INCREASE PRODUCTIVITY IN THE COASTAL GEORGIA AREA THROUGH ECONOMIC DEVELOPMENT LOAN PROGRAMS.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt0743911
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt0679878
IRS990/NetAssetsOrFundBalancesBOYAmt022470323
IRS990/NetAssetsOrFundBalancesEOYAmt022789587
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ManagementAndGeneralAmt014403
IRS990/OccupancyGrp/ProgramServicesAmt068
IRS990/OccupancyGrp/TotalAmt014471
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt02662
IRS990/OfficeExpensesGrp/ProgramServicesAmt0229
IRS990/OfficeExpensesGrp/TotalAmt02891
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0278398
IRS990/OtherAssetsTotalGrp/EOYAmt0265309
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt038508
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt063973
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0102481
IRS990/OtherExpensesGrp/Desc0DUES & SUBSCRIPTIONS
IRS990/OtherExpensesGrp/Desc1TELEPHONE
IRS990/OtherExpensesGrp/Desc2REPAIRS & MAINTENANCE
IRS990/OtherExpensesGrp/Desc3MISCELLANEOUS
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt03621
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt18263
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt23784
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt3142
IRS990/OtherExpensesGrp/ProgramServicesAmt020967
IRS990/OtherExpensesGrp/ProgramServicesAmt11008
IRS990/OtherExpensesGrp/ProgramServicesAmt21531
IRS990/OtherExpensesGrp/TotalAmt024588
IRS990/OtherExpensesGrp/TotalAmt18263
IRS990/OtherExpensesGrp/TotalAmt24792
IRS990/OtherExpensesGrp/TotalAmt31673
IRS990/OtherLiabilitiesGrp/BOYAmt0228252
IRS990/OtherLiabilitiesGrp/EOYAmt0208250
IRS990/OtherRevenueMiscGrp/Desc0LOAN SERVICE REVENUE
IRS990/OtherRevenueMiscGrp/Desc1OTHER
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0162109
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt122540
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0162109
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt122540
IRS990/OtherRevenueTotalAmt0184649
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt071357
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0145400
IRS990/OtherSalariesAndWagesGrp/TotalAmt0216757
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt09195
IRS990/PayrollTaxesGrp/ProgramServicesAmt018420
IRS990/PayrollTaxesGrp/TotalAmt027615
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt053025
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0TERRENCE LOUK
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0DEVELOPMENT LOAN INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0696288
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0696288
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.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt021503
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt049170
IRS990/ProgSrvcAccomActy3Grp/Desc0NONPUBLIC FUNDS ARE UNRESTRICTED FUNDS GENERATED PRIMARILY THROUGH CHARGES FOR LOAN SERVICES PROVIDED BY CADDA.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt0107723
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt0161614
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt05838878
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0118787
IRS990/PYOtherExpensesAmt0669986
IRS990/PYOtherRevenueAmt0295586
IRS990/PYProgramServiceRevenueAmt0522419
IRS990/PYRevenuesLessExpensesAmt05479222
IRS990/PYSalariesCompEmpBnftPaidAmt0626462
IRS990/PYTotalExpensesAmt01296448
IRS990/PYTotalRevenueAmt06775670
IRS990/ReconcilationRevenueExpnssAmt0319264
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0809155
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt022789587
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt012148
IRS990ScheduleD/EquipmentGrp/DepreciationAmt057527
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt069675
IRS990ScheduleD/ExpensesNotReportedAmt0408340
IRS990ScheduleD/ExpensesSubtotalAmt0717642
IRS990ScheduleD/OtherExpensesIncludedAmt0408340
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0141564
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0107543
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0249107
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0148638
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt159612
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0LEASE OBLIGATIONS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1LINE OF CREDIT
IRS990ScheduleD/OtherRevenueAmt0408340
IRS990ScheduleD/RevenueNotReportedAmt0408340
IRS990ScheduleD/RevenueSubtotalAmt01036906
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0INDIRECT COST RECOVERY 408,340
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1CURRENT ALLOCATED EXPENSES 408,340
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 4, PART XI, LINE 2D
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE D, PAGE 4, PART XII, LINE 2D
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0153712
IRS990ScheduleD/TotalExpensesPerForm990Amt0717642
IRS990ScheduleD/TotalLiabilityAmt0208250
IRS990ScheduleD/TotalRevenuePerForm990Amt01036906
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01445246
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01125982
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DIRECTORS PRESENT AT THE BOARD MEETING WHERE THE FORM 990 DRAFT WAS PRESENTED CONSTITUTED A QUORUM AND REVIEWED AND ACCEPTED THE 990 AS PRESENTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1MEMBERS OF THE BOARD OF DIRECTORS ARE REQUIRED TO REVIEW AND SIGN A CONFLICT OF INTEREST STATEMENT ANNUALLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2SALARIES 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3SALARIES 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THESE DOCUMENTS ARE NOT AVAILABLE TO THE PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5INDIRECT COST RECOVERY 408,340 CURRENT ALLOCATED EXPENSES -408,340
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XI, LINE 9
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0GA
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt023475246
IRS990/TotalAssetsEOYAmt023718712
IRS990/TotalAssetsGrp/BOYAmt023475246
IRS990/TotalAssetsGrp/EOYAmt023718712
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt08
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0425307
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0292335
IRS990/TotalFunctionalExpensesGrp/TotalAmt0717642
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01004923
IRS990/TotalLiabilitiesEOYAmt0929125
IRS990/TotalLiabilitiesGrp/BOYAmt01004923
IRS990/TotalLiabilitiesGrp/EOYAmt0929125
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt022470323
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt022789587
IRS990/TotalOtherCompensationAmt03712

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$23,718,712
Liabilities
$929,125
Net assets
$22,789,587
Revenue
$1,036,906
Expenses
$717,642
Net income
$319,264
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
2023Detailed filing. Detailed filing data is available for this year.$23.7$0.93$22.8$1.04$0.72$0.32
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
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