Civic Intelligence

Community and Economic Development Organization of Gadsden Countyinc

990 • Fiscal year 2017 • EIN 59-2128616

Jul 01, 2016 to Jun 30, 2017 • Filed on Nov 07, 2017

20 East Washington Street Ste AQuincy, FL 32351

(850) 627-7656

Siviq Scores

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

Liabilities / Assets

61st percentile

0.27x

Higher debt load relative to assets than 61% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Liabilities / Revenue

74th percentile

0.59x

Higher debt load relative to revenue than 74% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Net Margin

77th percentile

18%

Higher net margin than 77% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Top Officer Pay

20th percentile

$0

Higher top officer pay than 20% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Asset Growth

63rd percentile

8.3%

Faster asset growth than 63% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2016 to 2017

Revenue Growth

22nd percentile

-6.5%

Faster revenue growth than 22% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2016 to 2017

Assets

Up

$8,681,053

Up $667,238 (+8.3%) from 2016

Net Assets

Up

$6,340,915

Up $720,440 (+13%) from 2016

Liabilities

Down

$2,340,138

Down $53,202 (-2.2%) from 2016

Revenue

Down

$3,960,009

Down $277,341 (-6.5%) from 2016

Expenses

Up

$3,239,569

Up $76,599 (+2.4%) from 2016

Net Income

Down

$720,440

Down $353,940 (-33%) from 2016

Historical Trend

Balance Sheet Trend

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

$15M$10M$5.0M$0Assets 2010: $5,893,600Liabilities 2010: $2,627,187Net Assets 2010: $3,266,4132010Assets 2011: $6,161,533Liabilities 2011: $2,514,949Net Assets 2011: $3,646,5842011Assets 2012: $6,304,865Liabilities 2012: $2,484,023Net Assets 2012: $3,820,8422012Assets 2013: $6,379,845Liabilities 2013: $2,335,249Net Assets 2013: $4,044,5962013Assets 2014: $6,999,388Liabilities 2014: $2,896,097Net Assets 2014: $4,103,2912014Assets 2015: $7,521,482Liabilities 2015: $2,975,387Net Assets 2015: $4,546,0952015Assets 2016: $8,013,815Liabilities 2016: $2,393,340Net Assets 2016: $5,620,4752016Assets 2017: $8,681,053Liabilities 2017: $2,340,138Net Assets 2017: $6,340,9152017Assets 2018: $9,135,553Liabilities 2018: $2,256,622Net Assets 2018: $6,878,9312018Assets 2019: $9,568,193Liabilities 2019: $2,229,956Net Assets 2019: $7,338,2372019Assets 2020: $10,590,553Liabilities 2020: $2,672,150Net Assets 2020: $7,918,4032020Assets 2021: $11,268,446Liabilities 2021: $2,114,234Net Assets 2021: $9,154,2122021Assets 2022: $12,633,459Liabilities 2022: $2,134,993Net Assets 2022: $10,498,4662022Assets 2023: $13,280,510Liabilities 2023: $1,969,891Net Assets 2023: $11,310,6192023Assets 2024: $14,729,506Liabilities 2024: $2,157,187Net Assets 2024: $12,572,3192024

Highlighted filing

2017

Assets$8,681,053
Liabilities$2,340,138
Net Assets$6,340,915

Operations Trend

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

$8.0M$6.0M$4.0M$2.0M$0Expenses 2010: $1,968,3522010Revenue 2011: $2,560,414Expenses 2011: $2,180,243Net Income 2011: $380,1712011Expenses 2012: $2,219,1492012Expenses 2013: $2,458,7212013Revenue 2014: $2,937,144Expenses 2014: $2,878,449Net Income 2014: $58,6952014Revenue 2015: $3,403,066Expenses 2015: $2,960,262Net Income 2015: $442,8042015Revenue 2016: $4,237,350Expenses 2016: $3,162,970Net Income 2016: $1,074,3802016Revenue 2017: $3,960,009Expenses 2017: $3,239,569Net Income 2017: $720,4402017Revenue 2018: $4,185,314Expenses 2018: $3,650,613Net Income 2018: $534,7012018Revenue 2019: $4,532,822Expenses 2019: $4,073,097Net Income 2019: $459,7252019Revenue 2020: $4,792,779Expenses 2020: $4,212,613Net Income 2020: $580,1662020Revenue 2021: $5,882,256Expenses 2021: $4,646,447Net Income 2021: $1,235,8092021Revenue 2022: $6,163,685Expenses 2022: $4,819,431Net Income 2022: $1,344,2542022Revenue 2023: $6,724,997Expenses 2023: $5,702,725Net Income 2023: $1,022,2722023Revenue 2024: $7,708,634Expenses 2024: $6,446,934Net Income 2024: $1,261,7002024

Highlighted filing

2017

Revenue$3,960,009
Expenses$3,239,569
Net Income$720,440
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Nov 7, 2017
Return Version
2016v3.0
Gross Receipts
$3,960,009
Mission and Program Overview

Mission

Engaged in the activity of promoting community and economic development of gadsden county.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$3,807,031$4,342,508▲ $535,477
Land, Buildings, and Equipment, Net$4,175,121$4,255,653▲ $80,532
Accounts Receivable$1,500$40,464▲ $38,964
Prepaid Expenses and Deferred Charges$30,163$24,138▼ $6,025
Total Assets$8,013,815$8,681,053▲ $667,238
Other Assets Total-$18,290-
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,901,275$1,834,209▼ $67,066
Accounts Payable and Accrued Expenses$323,773$360,686▲ $36,913
Other Liabilities$168,292$145,243▼ $23,049
Total Liabilities$2,393,340$2,340,138▼ $53,202
Net Assets / Fund Balance
Unrestricted Net Assets$5,620,475$6,340,915▲ $720,440
Total Net Assets Fund Balance$5,620,475$6,340,915▲ $720,440
Total Liabilities and Net Assets / Fund Balance$8,013,815$8,681,053▲ $667,238

Asset Categories

AssetBook ValueDepreciationBasis
Land$722,920-$722,920
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$3,442,689
Program Service Revenue
$495,112
Investment Income
$2
Other Revenue
$22,206
Change in Net Assets
$720,440

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,960,009
Total Revenue per Audited Statements
$3,960,009
Total Revenue per Form 990
$3,960,009
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,882,518
Other Expenses$1,357,051
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,882,518--$1,882,518
Depreciation Depletion$150,368--$150,368
Other Expenses$41,435--$41,435
Occupancy$12,827--$12,827
Conferences and Meetings$5,736--$5,736
Total Functional Expenses$3,239,569$0$0$3,239,569

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$3,239,569
Total Expenses per Audited Statements$3,239,569
Total Expenses per Form 990$3,239,569
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
Retirement Payable$98,290
Accrued Interest$44,423
Security Deposit- Office Bldg$2,530
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 2

Al gunn kevin forehand exec. Dir. Principal brother

Form 990, Page 6, Part VI, Line 11B

The 990 is sent to all the board members for approval before the tax return is signed.

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

Conflict of interest policy for executive board members resolved, that it is the basic policy of the corporation that all executive board members or members of any committee thereof or officers or employees of the corporation have a duty to be free from the influence of any conflicting interest when they act on behalf of the corporation or represent it in negotiations or advise others in the corporation with respect to dealing with third parties. They are expected to deal with suppliers, customers, contractors, and others having dealings with the corporation on the sole basis of what is in the best interest of the corporation without favor or preference to third parties based on personal considerations. To this end the following rules shall be observed: 1.no member of the executive board or member of any committee thereof or officer or employee of the corporation shall accept from any person, directly or indirectly, whether by himself or herself or through his or her spouse or a member of his or her family or through any partner or business or professional associate, any gift, favor, service, employment or offer of employment or any other thing of value which he or she knows or has reason to believe is made or offered to him or her with the intent to influence him or her in the performance of his or her duties as a member of the executive board or member of any committee thereof or officer or employee of the corporation. 2.no member of the executive board or member of any committee thereof or officer or employee of the corporation who is a partner, officer, or employee of a partnership, firm, or corporation or who owns or controls more than 20 percent of the stock of such corporation, shall represent, appear for, or negotiate on behalf of the corporation in connection with the acquisition or sale by the corporation of any interest in real or tangible or intangible personal property to such partnership, firm, or corporation. 3.no member of the executive board or member of any committee thereof shall participate by discussion, voting, or by any other action taken by the executive board, or any committee thereof, in the enactment of or defeat of a motion which relates to any transaction with any party referred to in paragraph 2 above. In case any such matter is discussed at any meeting where any executive board or committee member who has such an interest is present, he or she shall promptly disclose his or her interest in the matter to be voted on to the chairman of the meeting. He or she shall not vote on the matter and at the discretion of the disinterested members present may be required to leave the meeting during the discussion and the voting on the matter. Conflict of interest policy for employees resolved, that the following conflict of interest policy become the policy of this corporation and be applied to professional nonprofit employees. It is imperative that employees of the community and economic development organization of gadsden county, inc. (cedo) conduct themselves with a degree of honesty and integrity which is beyond reproach or even suspicion. While it is not possible to anticipate every situation and prescribe a precise rule for each, it is possible to set forth certain basic, general principles to be observed by employees at all times. The essence of this policy is that employees shall always deal with others doing, or seeking to do, business with the cedo in a manner that excludes all consideration of personal advantage. Accordingly, every employee of the organization is subject to the following policy: 1.interest in other business organization employees of the cedo thereof or members of their immediate families shall not have any interest, direct or indirect, in any other business which in any degree conflicts with the employee's primary obligations to the cedo thereof. In this regard, employees or members of their immediate families should not possess a significant financial interest in any business that

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

Community and economic development organization of gadsden county, inc. (cedo) executive director compensation policy and business expense reimbursement cedo's objective is to provide a reasonable and competitive executive director compensation opportunity consistent with market-based compensation practices for the chief executive officer possessing the experience and skills needed to improve the overall performance of the organization. The original letter of employment will provide all compensation and benefits for the executive director. Cedo's president will appoint, each year, a compensation and benefits committee whose responsibilities are to review the performance of the executive director and to recommend for approval to the executive board salary and benefits for the executive director. The executive board and compensation and benefits committee are charged with ensuring that the executive director compensation policy and procedures satisfy the irs intermediate sanctions requirements. When incurring business expense, cedo, expects the executive director to: exercise discretion and good business judgment with respect to those expenses. Be cost conscious and spend money as carefully and judiciously as the individual would spend his or her own funds. Report expenses, supported by required documentation, as they are spent. Expense reports for the executive director must be approved by the organization president or designee. Expenses will not be reimbursed unless a written expense report is submitted. The expense report should be submitted monthly. Other items to be included in this document are organization policy and procedures related to the following approved expenses and benefits for the executive director: organization-provided automobile/personal vehicle reimbursement general travel requirements, including car and air travel on behalf of the organization lodging while traveling on behalf of the organization business meal reimbursement entertainment and business meetings other expenses cedo maintains a strict policy that expenses in any category that could be perceived as lavish or excessive will not be reimbursed as business expenses of the organization. Expenses that are not reimbursable include, but are not limited to: "first-class travel or airline upgrade certificates (a.k.a. Coupons) "barber, manicurist, shoe shine, masseur "toilet articles, clothing, etc. (unless baggage is lost) "child/pet/home care "personal reading matter, including newspapers "use of hotel facilities such as pay tv movies, health club, sauna, steam bath, etc. "theater or other personal amusements "transportation to and from home during normal workdays "unauthorized trips, entertainment, gifts, or donations "car rental over standard vehicle model or rental level "car rental extras such as satellite navigation or satellite radio "laundry (unless five or more consecutive business travel nights and required to continue trip) "alcoholic beverages

Form 990, Page 6, Part VI, Line 19

No documents available to the public

Filing and Contact Details

Filer

Filer Name
Community and Economic Development
EIN
59-2128616
Phone
8506277656
Address
20 EAST WASHINGTON STREET STE A, QUINCY, FL 32351

Signing Officer

Name
Kerwyn Wilson
Title
Treasurer
Phone
8506277656
Signed
2017-11-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Rev Tony Hannah
Formed
1981
Legal Domicile
Fl
Voting Board Members
13
Independent Board Members
13
Employees
78

Preparer

Firm
Brooks Harrison Cayer LLC
Address
1815 MICCOSUKEE COMMONS DR STE 102, TALLAHASSEE, FL 32308-5457
Preparer
Christopher J Cayer
Phone
8508771040
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IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/EOYAmt018290
IRS990/OtherExpensesGrp/Desc0MAINTENANCE AND OPERATION
IRS990/OtherExpensesGrp/Desc1ADMINISTRATION
IRS990/OtherExpensesGrp/Desc2TAXES AND INSURANCE
IRS990/OtherExpensesGrp/ProgramServicesAmt0951132
IRS990/OtherExpensesGrp/ProgramServicesAmt1195553
IRS990/OtherExpensesGrp/ProgramServicesAmt241435
IRS990/OtherExpensesGrp/TotalAmt0951132
IRS990/OtherExpensesGrp/TotalAmt1195553
IRS990/OtherExpensesGrp/TotalAmt241435
IRS990/OtherLiabilitiesGrp/BOYAmt0168292
IRS990/OtherLiabilitiesGrp/EOYAmt0145243
IRS990/OtherRevenueMiscGrp/Desc0OTHER REVENUE
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt022206
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt022206
IRS990/OtherRevenueTotalAmt022206
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt01882518
IRS990/OtherSalariesAndWagesGrp/TotalAmt01882518
IRS990/PartialLiquidationInd0false
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt030163
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt024138
IRS990/PrincipalOfficerNm0REV TONY HANNAH
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0SERVICE FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0495112
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0495112
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt03755099
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt02
IRS990/PYOtherExpensesAmt01350647
IRS990/PYOtherRevenueAmt01848
IRS990/PYProgramServiceRevenueAmt0480401
IRS990/PYRevenuesLessExpensesAmt01074380
IRS990/PYSalariesCompEmpBnftPaidAmt01812323
IRS990/PYTotalExpensesAmt03162970
IRS990/PYTotalRevenueAmt04237350
IRS990/ReconcilationRevenueExpnssAmt0720440
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt03442689
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0OTHER INCOME 33,261
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART II, LINE 10
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt03442689
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt03755099
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt02937147
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt02508375
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt02184721
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt014828031
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearAmt03442689
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearMinus1YearAmt03755099
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearMinus2YearsAmt02937147
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearMinus3YearsAmt02508375
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearMinus4YearsAmt02184721
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt014828031
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0495114
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0480403
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0463289
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0427083
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0463755
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt02329644
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0517318
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt022206
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt01848
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt02630
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt01686
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt04891
IRS990ScheduleA/OtherIncome170Grp/TotalAmt033261
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.92620
IRS990ScheduleA/PublicSupportPY170Pct00.92410
IRS990ScheduleA/PublicSupportTotal170Amt029656062
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt06885378
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt07510198
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt05874294
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt05016750
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt04369442
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt029656062
IRS990ScheduleA/TotalSupportAmt032018967
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/ExpensesSubtotalAmt03239569
IRS990ScheduleD/LandGrp/BookValueAmt0722920
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0722920
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt098290
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt144423
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt22530
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0RETIREMENT PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1ACCRUED INTEREST
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2SECURITY DEPOSIT- OFFICE BLDG
IRS990ScheduleD/RevenueSubtotalAmt03960009
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0722920
IRS990ScheduleD/TotalExpensesPerForm990Amt03239569
IRS990ScheduleD/TotalLiabilityAmt0145243
IRS990ScheduleD/TotalRevenuePerForm990Amt03960009
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt03960009
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt03239569
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0false
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0AL GUNN KEVIN FOREHAND EXEC. DIR. PRINCIPAL BROTHER
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE 990 IS SENT TO ALL THE BOARD MEMBERS FOR APPROVAL BEFORE THE TAX RETURN IS SIGNED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2CONFLICT OF INTEREST POLICY FOR EXECUTIVE BOARD MEMBERS RESOLVED, THAT IT IS THE BASIC POLICY OF THE CORPORATION THAT ALL EXECUTIVE BOARD MEMBERS OR MEMBERS OF ANY COMMITTEE THEREOF OR OFFICERS OR EMPLOYEES OF THE CORPORATION HAVE A DUTY TO BE FREE FROM THE INFLUENCE OF ANY CONFLICTING INTEREST WHEN THEY ACT ON BEHALF OF THE CORPORATION OR REPRESENT IT IN NEGOTIATIONS OR ADVISE OTHERS IN THE CORPORATION WITH RESPECT TO DEALING WITH THIRD PARTIES. THEY ARE EXPECTED TO DEAL WITH SUPPLIERS, CUSTOMERS, CONTRACTORS, AND OTHERS HAVING DEALINGS WITH THE CORPORATION ON THE SOLE BASIS OF WHAT IS IN THE BEST INTEREST OF THE CORPORATION WITHOUT FAVOR OR PREFERENCE TO THIRD PARTIES BASED ON PERSONAL CONSIDERATIONS. TO THIS END THE FOLLOWING RULES SHALL BE OBSERVED: 1.NO MEMBER OF THE EXECUTIVE BOARD OR MEMBER OF ANY COMMITTEE THEREOF OR OFFICER OR EMPLOYEE OF THE CORPORATION SHALL ACCEPT FROM ANY PERSON, DIRECTLY OR INDIRECTLY, WHETHER BY HIMSELF OR HERSELF OR THROUGH HIS OR HER SPOUSE OR A MEMBER OF HIS OR HER FAMILY OR THROUGH ANY PARTNER OR BUSINESS OR PROFESSIONAL ASSOCIATE, ANY GIFT, FAVOR, SERVICE, EMPLOYMENT OR OFFER OF EMPLOYMENT OR ANY OTHER THING OF VALUE WHICH HE OR SHE KNOWS OR HAS REASON TO BELIEVE IS MADE OR OFFERED TO HIM OR HER WITH THE INTENT TO INFLUENCE HIM OR HER IN THE PERFORMANCE OF HIS OR HER DUTIES AS A MEMBER OF THE EXECUTIVE BOARD OR MEMBER OF ANY COMMITTEE THEREOF OR OFFICER OR EMPLOYEE OF THE CORPORATION. 2.NO MEMBER OF THE EXECUTIVE BOARD OR MEMBER OF ANY COMMITTEE THEREOF OR OFFICER OR EMPLOYEE OF THE CORPORATION WHO IS A PARTNER, OFFICER, OR EMPLOYEE OF A PARTNERSHIP, FIRM, OR CORPORATION OR WHO OWNS OR CONTROLS MORE THAN 20 PERCENT OF THE STOCK OF SUCH CORPORATION, SHALL REPRESENT, APPEAR FOR, OR NEGOTIATE ON BEHALF OF THE CORPORATION IN CONNECTION WITH THE ACQUISITION OR SALE BY THE CORPORATION OF ANY INTEREST IN REAL OR TANGIBLE OR INTANGIBLE PERSONAL PROPERTY TO SUCH PARTNERSHIP, FIRM, OR CORPORATION. 3.NO MEMBER OF THE EXECUTIVE BOARD OR MEMBER OF ANY COMMITTEE THEREOF SHALL PARTICIPATE BY DISCUSSION, VOTING, OR BY ANY OTHER ACTION TAKEN BY THE EXECUTIVE BOARD, OR ANY COMMITTEE THEREOF, IN THE ENACTMENT OF OR DEFEAT OF A MOTION WHICH RELATES TO ANY TRANSACTION WITH ANY PARTY REFERRED TO IN PARAGRAPH 2 ABOVE. IN CASE ANY SUCH MATTER IS DISCUSSED AT ANY MEETING WHERE ANY EXECUTIVE BOARD OR COMMITTEE MEMBER WHO HAS SUCH AN INTEREST IS PRESENT, HE OR SHE SHALL PROMPTLY DISCLOSE HIS OR HER INTEREST IN THE MATTER TO BE VOTED ON TO THE CHAIRMAN OF THE MEETING. HE OR SHE SHALL NOT VOTE ON THE MATTER AND AT THE DISCRETION OF THE DISINTERESTED MEMBERS PRESENT MAY BE REQUIRED TO LEAVE THE MEETING DURING THE DISCUSSION AND THE VOTING ON THE MATTER. CONFLICT OF INTEREST POLICY FOR EMPLOYEES RESOLVED, THAT THE FOLLOWING CONFLICT OF INTEREST POLICY BECOME THE POLICY OF THIS CORPORATION AND BE APPLIED TO PROFESSIONAL NONPROFIT EMPLOYEES. IT IS IMPERATIVE THAT EMPLOYEES OF THE COMMUNITY AND ECONOMIC DEVELOPMENT ORGANIZATION OF GADSDEN COUNTY, INC. (CEDO) CONDUCT THEMSELVES WITH A DEGREE OF HONESTY AND INTEGRITY WHICH IS BEYOND REPROACH OR EVEN SUSPICION. WHILE IT IS NOT POSSIBLE TO ANTICIPATE EVERY SITUATION AND PRESCRIBE A PRECISE RULE FOR EACH, IT IS POSSIBLE TO SET FORTH CERTAIN BASIC, GENERAL PRINCIPLES TO BE OBSERVED BY EMPLOYEES AT ALL TIMES. THE ESSENCE OF THIS POLICY IS THAT EMPLOYEES SHALL ALWAYS DEAL WITH OTHERS DOING, OR SEEKING TO DO, BUSINESS WITH THE CEDO IN A MANNER THAT EXCLUDES ALL CONSIDERATION OF PERSONAL ADVANTAGE. ACCORDINGLY, EVERY EMPLOYEE OF THE ORGANIZATION IS SUBJECT TO THE FOLLOWING POLICY: 1.INTEREST IN OTHER BUSINESS ORGANIZATION EMPLOYEES OF THE CEDO THEREOF OR MEMBERS OF THEIR IMMEDIATE FAMILIES SHALL NOT HAVE ANY INTEREST, DIRECT OR INDIRECT, IN ANY OTHER BUSINESS WHICH IN ANY DEGREE CONFLICTS WITH THE EMPLOYEE'S PRIMARY OBLIGATIONS TO THE CEDO THEREOF. IN THIS REGARD, EMPLOYEES OR MEMBERS OF THEIR IMMEDIATE FAMILIES SHOULD NOT POSSESS A SIGNIFICANT FINANCIAL INTEREST IN ANY BUSINESS THAT
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3COMMUNITY AND ECONOMIC DEVELOPMENT ORGANIZATION OF GADSDEN COUNTY, INC. (CEDO) EXECUTIVE DIRECTOR COMPENSATION POLICY AND BUSINESS EXPENSE REIMBURSEMENT CEDO'S OBJECTIVE IS TO PROVIDE A REASONABLE AND COMPETITIVE EXECUTIVE DIRECTOR COMPENSATION OPPORTUNITY CONSISTENT WITH MARKET-BASED COMPENSATION PRACTICES FOR THE CHIEF EXECUTIVE OFFICER POSSESSING THE EXPERIENCE AND SKILLS NEEDED TO IMPROVE THE OVERALL PERFORMANCE OF THE ORGANIZATION. THE ORIGINAL LETTER OF EMPLOYMENT WILL PROVIDE ALL COMPENSATION AND BENEFITS FOR THE EXECUTIVE DIRECTOR. CEDO'S PRESIDENT WILL APPOINT, EACH YEAR, A COMPENSATION AND BENEFITS COMMITTEE WHOSE RESPONSIBILITIES ARE TO REVIEW THE PERFORMANCE OF THE EXECUTIVE DIRECTOR AND TO RECOMMEND FOR APPROVAL TO THE EXECUTIVE BOARD SALARY AND BENEFITS FOR THE EXECUTIVE DIRECTOR. THE EXECUTIVE BOARD AND COMPENSATION AND BENEFITS COMMITTEE ARE CHARGED WITH ENSURING THAT THE EXECUTIVE DIRECTOR COMPENSATION POLICY AND PROCEDURES SATISFY THE IRS INTERMEDIATE SANCTIONS REQUIREMENTS. WHEN INCURRING BUSINESS EXPENSE, CEDO, EXPECTS THE EXECUTIVE DIRECTOR TO: EXERCISE DISCRETION AND GOOD BUSINESS JUDGMENT WITH RESPECT TO THOSE EXPENSES. BE COST CONSCIOUS AND SPEND MONEY AS CAREFULLY AND JUDICIOUSLY AS THE INDIVIDUAL WOULD SPEND HIS OR HER OWN FUNDS. REPORT EXPENSES, SUPPORTED BY REQUIRED DOCUMENTATION, AS THEY ARE SPENT. EXPENSE REPORTS FOR THE EXECUTIVE DIRECTOR MUST BE APPROVED BY THE ORGANIZATION PRESIDENT OR DESIGNEE. EXPENSES WILL NOT BE REIMBURSED UNLESS A WRITTEN EXPENSE REPORT IS SUBMITTED. THE EXPENSE REPORT SHOULD BE SUBMITTED MONTHLY. OTHER ITEMS TO BE INCLUDED IN THIS DOCUMENT ARE ORGANIZATION POLICY AND PROCEDURES RELATED TO THE FOLLOWING APPROVED EXPENSES AND BENEFITS FOR THE EXECUTIVE DIRECTOR: ORGANIZATION-PROVIDED AUTOMOBILE/PERSONAL VEHICLE REIMBURSEMENT GENERAL TRAVEL REQUIREMENTS, INCLUDING CAR AND AIR TRAVEL ON BEHALF OF THE ORGANIZATION LODGING WHILE TRAVELING ON BEHALF OF THE ORGANIZATION BUSINESS MEAL REIMBURSEMENT ENTERTAINMENT AND BUSINESS MEETINGS OTHER EXPENSES CEDO MAINTAINS A STRICT POLICY THAT EXPENSES IN ANY CATEGORY THAT COULD BE PERCEIVED AS LAVISH OR EXCESSIVE WILL NOT BE REIMBURSED AS BUSINESS EXPENSES OF THE ORGANIZATION. EXPENSES THAT ARE NOT REIMBURSABLE INCLUDE, BUT ARE NOT LIMITED TO: "FIRST-CLASS TRAVEL OR AIRLINE UPGRADE CERTIFICATES (A.K.A. COUPONS) "BARBER, MANICURIST, SHOE SHINE, MASSEUR "TOILET ARTICLES, CLOTHING, ETC. (UNLESS BAGGAGE IS LOST) "CHILD/PET/HOME CARE "PERSONAL READING MATTER, INCLUDING NEWSPAPERS "USE OF HOTEL FACILITIES SUCH AS PAY TV MOVIES, HEALTH CLUB, SAUNA, STEAM BATH, ETC. "THEATER OR OTHER PERSONAL AMUSEMENTS "TRANSPORTATION TO AND FROM HOME DURING NORMAL WORKDAYS "UNAUTHORIZED TRIPS, ENTERTAINMENT, GIFTS, OR DONATIONS "CAR RENTAL OVER STANDARD VEHICLE MODEL OR RENTAL LEVEL "CAR RENTAL EXTRAS SUCH AS SATELLITE NAVIGATION OR SATELLITE RADIO "LAUNDRY (UNLESS FIVE OR MORE CONSECUTIVE BUSINESS TRAVEL NIGHTS AND REQUIRED TO CONTINUE TRIP) "ALCOHOLIC BEVERAGES
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4NO DOCUMENTS AVAILABLE TO THE PUBLIC
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0CEDO - HOUSING DEVELOPMENT CORP
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0592575950
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0FL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt07
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt020 E WASHINGTON ST
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine2Txt0STE A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0QUINCY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0FL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd032351
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0false
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0false
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0true
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0false
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0false
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt0320959
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt1109928
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0CEDO - HOUSING DEVELOPMENT CORP
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt1CEDO - HOUSING DEVELOPMENT CORP
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0P
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt1S
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IRS990ScheduleR/TransferToOtherOrgInd0false
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0FL
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt08013815
IRS990/TotalAssetsEOYAmt08681053
IRS990/TotalAssetsGrp/BOYAmt08013815
IRS990/TotalAssetsGrp/EOYAmt08681053
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt03442689
IRS990/TotalEmployeeCnt078
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt03239569
IRS990/TotalFunctionalExpensesGrp/TotalAmt03239569
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt02393340
IRS990/TotalLiabilitiesEOYAmt02340138
IRS990/TotalLiabilitiesGrp/BOYAmt02393340
IRS990/TotalLiabilitiesGrp/EOYAmt02340138
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt05620475
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt06340915
IRS990/TotalProgramServiceExpensesAmt03239569
IRS990/TotalProgramServiceRevenueAmt0495112
IRS990/TotalRevenueGrp/ExclusionAmt02
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0517318
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt03960009
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt08013815
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt08681053
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt05620475
IRS990/UnrestrictedNetAssetsGrp/EOYAmt06340915
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO BOX 481
IRS990/USAddress/CityNm0QUINCY
IRS990/USAddress/StateAbbreviationCd0FL
IRS990/USAddress/ZIPCd032353
IRS990/VotingMembersGoverningBodyCnt013
IRS990/VotingMembersIndependentCnt013
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0KERWYN WILSON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$14.7$2.16$12.6$7.71$6.45$1.26
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$13.3$1.97$11.3$6.72$5.70$1.02
2022Detailed filing. Detailed filing data is available for this year.$12.6$2.13$10.5$6.16$4.82$1.34
2021Detailed filing. Detailed filing data is available for this year.$11.3$2.11$9.15$5.88$4.65$1.24
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$10.6$2.67$7.92$4.79$4.21$0.58
2019Detailed filing. Detailed filing data is available for this year.$9.57$2.23$7.34$4.53$4.07$0.46
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$9.14$2.26$6.88$4.19$3.65$0.53
2017Detailed filing. Detailed filing data is available for this year.$8.68$2.34$6.34$3.96$3.24$0.72
2016Detailed filing. Detailed filing data is available for this year.$8.01$2.39$5.62$4.24$3.16$1.07
2015Detailed filing. Detailed filing data is available for this year.$7.52$2.98$4.55$3.40$2.96$0.44
2014Detailed filing. Detailed filing data is available for this year.$7.00$2.90$4.10$2.94$2.88$0.06
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.38$2.34$4.04$2.46
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.30$2.48$3.82$2.22
2011Summary only. Only limited summary data is available for this year.$6.16$2.51$3.65$2.56$2.18$0.38
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.89$2.63$3.27$1.97