Civic Intelligence

Community and Economic Development Organization of Gadsden Countyinc

990 • Fiscal year 2019 • EIN 59-2128616

Jul 01, 2018 to Jun 30, 2019 • Filed on Oct 03, 2019

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

59th percentile

0.23x

Higher debt load relative to assets than 59% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Liabilities / Revenue

72nd percentile

0.49x

Higher debt load relative to revenue than 72% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Net Margin

67th percentile

10%

Higher net margin than 67% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Top Officer Pay

21st percentile

$0

Higher top officer pay than 21% of similar nonprofits.

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

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Asset Growth

56th percentile

4.7%

Faster asset growth than 56% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2018 to 2019

Revenue Growth

61st percentile

8.3%

Faster revenue growth than 61% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2018 to 2019

Assets

Up

$9,568,193

Up $432,640 (+4.7%) from 2018

Net Assets

Up

$7,338,237

Up $459,306 (+6.7%) from 2018

Liabilities

Down

$2,229,956

Down $26,666 (-1.2%) from 2018

Revenue

Up

$4,532,822

Up $347,508 (+8.3%) from 2018

Expenses

Up

$4,073,097

Up $422,484 (+12%) from 2018

Net Income

Down

$459,725

Down $74,976 (-14%) from 2018

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

2019

Assets$9,568,193
Liabilities$2,229,956
Net Assets$7,338,237

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

2019

Revenue$4,532,822
Expenses$4,073,097
Net Income$459,725
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Oct 3, 2019
Return Version
2018v3.1
Gross Receipts
$4,532,822
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$4,601,093$4,898,919▲ $297,826
Land, Buildings, and Equipment, Net$4,375,541$4,400,485▲ $24,944
Accounts Receivable$124,611$233,829▲ $109,218
Prepaid Expenses and Deferred Charges$34,308$34,908▲ $600
Total Assets$9,135,553$9,568,193▲ $432,640
Other Assets Total-$52-
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,764,293$1,691,406▼ $72,887
Accounts Payable and Accrued Expenses$368,603$435,592▲ $66,989
Other Liabilities$124,145$102,958▼ $21,187
Total Liabilities$2,257,041$2,229,956▼ $27,085
Net Assets / Fund Balance
Unrestricted Net Assets$6,878,512$7,338,237▲ $459,725
Total Net Assets Fund Balance$6,878,512$7,338,237▲ $459,725
Total Liabilities and Net Assets / Fund Balance$9,135,553$9,568,193▲ $432,640

Asset Categories

AssetBook ValueDepreciationBasis
Land$666,342-$666,342
Compensation and Service Providers

Board Members and Trustees

NameTitle
Rev Tony HannahChairperson
Rev Daniel WellsVice Chairpe
Audria FlowersDirector
Brenda BanksDirector
Carl DanielsDirector
Dr Alicia JacksonDirector
Geraldine SmithDirector
Ida ThompsonDirector
Sherri KavumaDirector
Monica ProctorSecretary
Kerwyn WilsonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$4,002,807
Program Service Revenue
$527,510
Investment Income
$2
Other Revenue
$2,503
Change in Net Assets
$459,725

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,532,822
Total Revenue per Audited Statements
$4,532,822
Total Revenue per Form 990
$4,532,822
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,119,186
Other Expenses$1,953,911
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,119,186--$2,119,186
Depreciation Depletion$165,268--$165,268
Interest$73,217--$73,217
Other Expenses$25,974--$25,974
Occupancy$8,926--$8,926
Total Functional Expenses$4,073,097$0$0$4,073,097

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$4,073,097
Total Expenses per Audited Statements$4,073,097
Total Expenses per Form 990$4,073,097
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$58,690
Accrued Interest$40,964
Security Deposit- Office Bldg$3,200
Due to Related Party$104
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
2019-10-03
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Rev Tony Hannah
Formed
1981
Legal Domicile
Fl
Voting Board Members
11
Independent Board Members
11
Employees
80

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/OtherExpensesGrp/TotalAmt01334631
IRS990/OtherExpensesGrp/TotalAmt1345895
IRS990/OtherExpensesGrp/TotalAmt225974
IRS990/OtherLiabilitiesGrp/BOYAmt0124145
IRS990/OtherLiabilitiesGrp/EOYAmt0102958
IRS990/OtherRevenueMiscGrp/Desc0OTHER REVENUE
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt02503
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt02503
IRS990/OtherRevenueTotalAmt02503
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt02119186
IRS990/OtherSalariesAndWagesGrp/TotalAmt02119186
IRS990/PartialLiquidationInd0false
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt034308
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt034908
IRS990/PrincipalOfficerNm0REV TONY HANNAH
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0SERVICE FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0527510
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0527510
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt03672133
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt02
IRS990/PYOtherExpensesAmt01590345
IRS990/PYOtherRevenueAmt0672
IRS990/PYProgramServiceRevenueAmt0512507
IRS990/PYRevenuesLessExpensesAmt0534701
IRS990/PYSalariesCompEmpBnftPaidAmt02060268
IRS990/PYTotalExpensesAmt03650613
IRS990/PYTotalRevenueAmt04185314
IRS990/ReconcilationRevenueExpnssAmt0459725
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt04532822
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0OTHER INCOME 26,684
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART II, LINE 10
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt04002807
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt03672133
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt03442689
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt03755099
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt02937147
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt017809875
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearMinus2YearsAmt03442689
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearMinus3YearsAmt03755099
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearMinus4YearsAmt02937147
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt010134935
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt02
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt02
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0495114
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0480403
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0463289
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt01438810
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt01043192
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt022206
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt01848
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt02630
IRS990ScheduleA/OtherIncome170Grp/TotalAmt026684
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.95020
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IRS990ScheduleA/PublicSupportTotal170Amt027944810
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt04002807
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt03672133
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt06885378
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt07510198
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt05874294
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt027944810
IRS990ScheduleA/TotalSupportAmt029410304
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/ExpensesSubtotalAmt04073097
IRS990ScheduleD/LandGrp/BookValueAmt0666342
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0666342
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt058690
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt140964
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt23200
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt3104
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0RETIREMENT PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1ACCRUED INTEREST
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2SECURITY DEPOSIT- OFFICE BLDG
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3DUE TO RELATED PARTY
IRS990ScheduleD/RevenueSubtotalAmt04532822
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0666342
IRS990ScheduleD/TotalExpensesPerForm990Amt04073097
IRS990ScheduleD/TotalLiabilityAmt0102958
IRS990ScheduleD/TotalRevenuePerForm990Amt04532822
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt04532822
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt04073097
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
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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/InvolvedAmt0347728
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt1109616
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0CEDO - HOUSING DEVELOPMENT CORP
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt1CEDO - HOUSING DEVELOPMENT CORP
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0P
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt1S
IRS990ScheduleR/TransferFromOtherOrgInd0false
IRS990ScheduleR/TransferToOtherOrgInd0false
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0FL
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt09135553
IRS990/TotalAssetsEOYAmt09568193
IRS990/TotalAssetsGrp/BOYAmt09135553
IRS990/TotalAssetsGrp/EOYAmt09568193
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt04002807
IRS990/TotalEmployeeCnt080
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt04073097
IRS990/TotalFunctionalExpensesGrp/TotalAmt04073097
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt02257041
IRS990/TotalLiabilitiesEOYAmt02229956
IRS990/TotalLiabilitiesGrp/BOYAmt02257041
IRS990/TotalLiabilitiesGrp/EOYAmt02229956
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt06878512
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt07338237
IRS990/TotalProgramServiceExpensesAmt04073097
IRS990/TotalProgramServiceRevenueAmt0527510
IRS990/TotalRevenueGrp/ExclusionAmt02
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0530013
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt04532822
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt09135553
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt09568193
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt06878512
IRS990/UnrestrictedNetAssetsGrp/EOYAmt07338237
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO BOX 481
IRS990/USAddress/CityNm0QUINCY
IRS990/USAddress/StateAbbreviationCd0FL
IRS990/USAddress/ZIPCd032353
IRS990/VotingMembersGoverningBodyCnt011
IRS990/VotingMembersIndependentCnt011
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02020-03-31 21:24:44Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0KERWYN WILSON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum08506277656
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-10-03
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0COMMUNITY AND ECONOMIC DEVELOPMENT
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0ORGANIZATION OF GADSDEN COUNTYINC
ReturnHeader/Filer/BusinessNameControlTxt0COMM
ReturnHeader/Filer/EIN0592128616
ReturnHeader/Filer/PhoneNum08506277656
ReturnHeader/Filer/USAddress/AddressLine1Txt020 EAST WASHINGTON STREET STE A
ReturnHeader/Filer/USAddress/CityNm0QUINCY
ReturnHeader/Filer/USAddress/StateAbbreviationCd0FL
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ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId075AB7523ABDD6187D7F5DD880734B8995F6C0CCC

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
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$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