Civic Intelligence

Cambridge Waterfront Development Inc

EIN 83-2040316 • 501(c)3 • Cambridge, MD

Profile

To promote and facilitate the redevelopment of certain properties along and adjacent to the city of cambridge waterfront.

306 High Street PO Box 1144Cambridge, MD 21613

cambridgeharbor.org

Siviq Scores

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

Liabilities / Assets

53rd percentile

0.15x

Higher debt load relative to assets than 53% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Liabilities / Revenue

84th percentile

0.97x

Higher debt load relative to revenue than 84% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Net Margin

93rd percentile

63%

Higher net margin than 93% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

55th percentile

6.6%

Faster asset growth than 55% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2022 to 2024

Revenue Growth

10th percentile

-29%

Faster revenue growth than 10% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2022 to 2024

Assets

Up

$9,910,637

Up $1,406,898 (+17%) from 2023

Liabilities

Up

$1,449,388

Up $136,586 (+10%) from 2023

Net Assets

Up

$8,461,249

Up $1,270,312 (+18%) from 2023

Revenue

Down

$1,486,679

Down $2,867,896 (-66%) from 2023

Expenses

Up

$543,345

Up $261,421 (+93%) from 2023

Net Income

Down

$943,334

Down $3,129,317 (-77%) from 2023

Trend Graphs

Balance Sheet Trend

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

$10M$5.0M$0Assets 2019: $200,563Liabilities 2019: $0Net Assets 2019: $200,5632019Assets 2021: $76,144Liabilities 2021: $0Net Assets 2021: $76,1442021Assets 2022: $8,725,419Liabilities 2022: $5,607,133Net Assets 2022: $3,118,2862022Assets 2023: $8,503,739Liabilities 2023: $1,312,802Net Assets 2023: $7,190,9372023Assets 2024: $9,910,637Liabilities 2024: $1,449,388Net Assets 2024: $8,461,2492024

Highlighted filing

2024

Assets$9,910,637
Liabilities$1,449,388
Net Assets$8,461,249

Operations Trend

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

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2019: $251,986Expenses 2019: $51,423Net Income 2019: $200,5632019Revenue 2021: $60,040Expenses 2021: $151,665Net Income 2021: -$91,6252021Revenue 2022: $2,962,494Expenses 2022: $85,237Net Income 2022: $2,877,2572022Revenue 2023: $4,354,575Expenses 2023: $281,924Net Income 2023: $4,072,6512023Revenue 2024: $1,486,679Expenses 2024: $543,345Net Income 2024: $943,3342024

Highlighted filing

2024

Revenue$1,486,679
Expenses$543,345
Net Income$943,334

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Jun 24, 2025
Return Version
2024v5.2
Gross Receipts
$2,144,919
Mission and Program Overview

Mission

To promote and facilitate the redevelopment of certain properties along and adjacent to the city of cambridge waterfront.

To promote and facilitate the redevelopment of the city of cambridge waterfront properties.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$7,517,915$8,461,249▲ $943,334
Investments Other Securities$7,444,235$8,107,819▲ $663,584
Cash and Non-Interest-Bearing Accounts$584,750$1,166,175▲ $581,425
Pledges and Grants Receivable$319,118$512,740▲ $193,622
Prepaid Expenses and Deferred Charges$54,225$114,088▲ $59,863
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$8,412,143$9,910,637▲ $1,498,494
Other Assets Total$9,815$9,815→ $0
Liabilities
Deferred Revenue$679,762$908,839▲ $229,077
Accounts Payable and Accrued Expenses$210,901$540,549▲ $329,648
Other Liabilities$3,565$0▼ $3,565
Total Liabilities$894,228$1,449,388▲ $555,160
Net Assets / Fund Balance
Total Net Assets Fund Balance$7,517,915$8,461,249▲ $943,334
Total Liabilities and Net Assets / Fund Balance$8,412,143$9,910,637▲ $1,498,494

Asset Categories

AssetBook ValueDepreciationBasis
Other Securities$8,107,819--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Matthew Leonardkirk Avenue LLCExecutive Director (thru 8/7/24)FT$70,833$70,833

Board Members and Trustees

NameTitle
Angie HengstPresident
Shay Lewis-siscoVice President
Micheal J FrenzDirector
Gaver NicholsDirector (as of 9/11/24)
Natalie ChabotDirector (as of 9/11/24)
Tim CrosbyDirector (as of 9/24/24)
Richard M ZeidmanDirector (thru 5/22/24)
Dion BanksDirector (thru 9/6/24)
Frank J Narr JrSecretary/treasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Miles And Stockbridge PCLegal Fees100 LIGHT STREET, Baltimore, MD 21202$376,170
Morris Ritchie & AssociatesEngineering3445-A BOX HILL CORPORATE CENTER DR, Abingdon, MD 21009$339,187
Network Realty PartnersProject Management4201 WILSON BLVD SUITE 260, Arlington, VA 22203$107,875
Revenue and Support

Revenue Composition

Contributions and Grants
$1,466,098
Program Service Revenue
$0
Investment Income
$138,688
Other Revenue
$-118,107
Change in Net Assets
$943,334

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,610,585
Revenue Not Reported on Financial Statements
$-123,906
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$-123,906
Total Revenue per Audited Statements
$1,610,585
Total Revenue per Form 990
$1,486,679
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$543,345
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other-$452,746-$452,746
Insurance-$39,198-$39,198
Fees for Services Accounting-$27,868-$27,868
Advertising-$6,343-$6,343
Information Technology-$5,601-$5,601
Occupancy-$3,600-$3,600
Office Expenses-$1,408-$1,408
Travel-$514-$514
Conferences and Meetings-$340-$340
Other Expenses-$57-$57
Total Functional Expenses$0$543,345$0$543,345

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$667,251
Expenses per Audited Statements$543,345
Total Expenses per Form 990$543,345
Expenses Not Reported on Form 990$123,906
Expenses Not Reported on Financial Statements$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
Yes
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
-Owner Is Family Member of Former DirectorSale of LandNo$668,849
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 35% controlled entity
No
Business relationship with family members
Yes
Business relationship with organization members
No
Material changes to governing documents
Yes
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

Cambridge waterfront development, inc. Had an independent contract agreement with kirk avenue, llc for executive director services. The contract began january 1, 2022 and was terminated on august 7, 2024.

Form 990, Part VI, Section A, Line 4

The organizations articles of organization were amended on december 6, 2024.

Form 990, Part VI, Section A, Line 7A

Per the organization's bylaws in effect for 2024, the organization had appointing authority for one of its seven (7) board members. All seven appointments were ratified by a vote of the organization's board of directors.

Form 990, Part VI, Section A, Line 7B

The city, county and state appoint board members to the cambridge waterfront development, inc board.

Form 990, Part VI, Section B, Line 11B

The board of directors reviews form 990 before filing

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

Each board member maintains compliance with their appropriate city, county and state authorities. If any conflict arises, they are required to dislcose the conflict and respond appropriately to any action that needs to be taken (i.e, recuse themselves from voting, etc.).

Form 990, Part VI, Section B, Line 15A

The executive committee reviewed and made a decision that resulted in an extension of the contract with kirk ave, llc for executive director services. The current contract was extended through december 31, 2024, but was later mutually terminated on august 7, 2024.

Form 990, Part VI, Section C, Line 19

All governing documents are made available upon request.

Filing and Contact Details

Filer

Filer Name
Cambridge Waterfront Development Inc
EIN
83-2040316
Phone
4104630428
Address
306 HIGH STREET PO BOX 1144, CAMBRIDGE, MD 21613

Signing Officer

Name
Frank J Narr Jr
Title
Secretary/treasurer
Phone
4104630428
Signed
2025-06-24
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Frank J Narr Jr
Formed
2018
Legal Domicile
Md
Voting Board Members
7
Independent Board Members
7
Employees
0
Volunteers
0

Preparer

Firm
Uhy Advisors Mid-atlantic Inc
Address
955 MT HERMON ROAD, SALISBURY, MD 21804
Preparer
Roy J Geiser
Phone
4107421328
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Administrative fees: program service expenses 0. Management and general expenses 381,913. Fundraising expenses 0. Total expenses 381,913. Executive director services: program service expenses 0. Management and general expenses 70,833. Fundraising expenses 0. Total expenses 70,833.

FORM 990, PART XII, LINE 2C:

The process has not changed from the prior year.

Financial Statement Notes

PART X, LINE 2:

As of december 31, 2024 and 2023, the organization has no uncertain income tax positions that qualify for either recognition or disclosure in the financial statements under asc 740. Further, no interest or penalties have been accrued or charged to expense. The organization's tax returns are subject to examination generally for a period of three years from the date they are filed. The organization's open returns consist of federal form 990 for the fiscal years ending june 30, 2022 and 2023. The organization filed a federal form 990 for the short-period end july 1, 2023 through december 31, 2023 in 2024 and will file calendar year tax returns starting with the calendar year end december 31, 2024. These are all currently open for examination.

PART XI, LINE 4B - OTHER ADJUSTMENTS:

Rental/program expenses -123,906.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Rental/program expenses 123,906.

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IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt01408
IRS990/OfficeExpensesGrp/TotalAmt01408
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt09815
IRS990/OtherAssetsTotalGrp/EOYAmt09815
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0OTHER ADMINSTRATIVE EXP
IRS990/OtherExpensesGrp/Desc1MEMBERSHIPS
IRS990/OtherExpensesGrp/Desc2POSTAGE
IRS990/OtherExpensesGrp/Desc3BANK FEES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt04073
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt11320
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt2277
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt357
IRS990/OtherExpensesGrp/TotalAmt04073
IRS990/OtherExpensesGrp/TotalAmt11320
IRS990/OtherExpensesGrp/TotalAmt2277
IRS990/OtherExpensesGrp/TotalAmt357
IRS990/OtherLiabilitiesGrp/BOYAmt03565
IRS990/OtherLiabilitiesGrp/EOYAmt00
IRS990/PartialLiquidationInd00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0319118
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0512740
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt054225
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0114088
IRS990/PrincipalOfficerNm0FRANK J NARR JR
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0599167
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt013346
IRS990/PYInvestmentIncomeAmt0203
IRS990/PYOtherExpensesAmt0192634
IRS990/PYOtherRevenueAmt0-62052
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0331338
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0205980
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0537318
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0943334
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt0-118107
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt07517915
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt08461249
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0THE 2023 COLUMN IS A SHORT YEAR (7/1/2023-12/31/2023).
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART II, SECTION A
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt01466098
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0599167
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt04380372
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt03001012
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt060000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt09506649
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt09972
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt026193
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt079565
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt010226
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt040
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0125996
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.98690
IRS990ScheduleA/PublicSupportPY170Pct00.98740
IRS990ScheduleA/PublicSupportTotal170Amt09506649
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt01466098
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0599167
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt04380372
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt03001012
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt060000
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt09506649
IRS990ScheduleA/TotalSupportAmt09632645
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleC/DirectContactLegislatorsAmt035103
IRS990ScheduleC/DirectContactLegislatorsInd01
IRS990ScheduleC/GrantsOtherOrganizationsInd00
IRS990ScheduleC/MailingsMembersInd00
IRS990ScheduleC/MediaAdvertisementsInd00
IRS990ScheduleC/NotDescribedSection501c3Ind00
IRS990ScheduleC/OtherActivitiesInd00
IRS990ScheduleC/PaidStaffOrManagementInd00
IRS990ScheduleC/PublicationsOrBroadcastInd00
IRS990ScheduleC/RalliesDemonstrationsInd00
IRS990ScheduleC/SupplementalInformationDetail/ExplanationTxt0IDENTIFY POTENTIAL FUNDING SOURCES FOR THE PUBLIC AMENITIES AND PUBLIC INFRASTRUCTURE OF THE PROJECT.
IRS990ScheduleC/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE C, PART II-B
IRS990ScheduleC/TotalLobbyingExpendituresAmt035103
IRS990ScheduleC/VolunteersInd00
IRS990ScheduleD/ExpensesNotReportedAmt0123906
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0543345
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherExpensesIncludedAmt0123906
IRS990ScheduleD/OtherRevenuesNotIncludedAmt0-123906
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt08107819
IRS990ScheduleD/OtherSecuritiesGrp/Desc0ASSETS HELD FOR SALE
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0C
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt0-123906
IRS990ScheduleD/RevenueSubtotalAmt01610585
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0AS OF DECEMBER 31, 2024 AND 2023, THE ORGANIZATION HAS NO UNCERTAIN INCOME TAX POSITIONS THAT QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS UNDER ASC 740. FURTHER, NO INTEREST OR PENALTIES HAVE BEEN ACCRUED OR CHARGED TO EXPENSE. THE ORGANIZATION'S TAX RETURNS ARE SUBJECT TO EXAMINATION GENERALLY FOR A PERIOD OF THREE YEARS FROM THE DATE THEY ARE FILED. THE ORGANIZATION'S OPEN RETURNS CONSIST OF FEDERAL FORM 990 FOR THE FISCAL YEARS ENDING JUNE 30, 2022 AND 2023. THE ORGANIZATION FILED A FEDERAL FORM 990 FOR THE SHORT-PERIOD END JULY 1, 2023 THROUGH DECEMBER 31, 2023 IN 2024 AND WILL FILE CALENDAR YEAR TAX RETURNS STARTING WITH THE CALENDAR YEAR END DECEMBER 31, 2024. THESE ARE ALL CURRENTLY OPEN FOR EXAMINATION.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1RENTAL/PROGRAM EXPENSES -123,906.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2RENTAL/PROGRAM EXPENSES 123,906.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XI, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalBookValueSecuritiesAmt08107819
IRS990ScheduleD/TotalExpensesPerForm990Amt0543345
IRS990ScheduleD/TotalRevenuePerForm990Amt01486679
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01610585
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0667251
IRS990/ScheduleJRequiredInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine1Txt0CAMBRIDGE SHIPYARD FACILITY INC
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0OWNER IS FAMILY MEMBER OF FORMER DIRECTOR
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt0668849
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0SALE OF LAND
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0CAMBRIDGE WATERFRONT DEVELOPMENT, INC. HAD AN INDEPENDENT CONTRACT AGREEMENT WITH KIRK AVENUE, LLC FOR EXECUTIVE DIRECTOR SERVICES. THE CONTRACT BEGAN JANUARY 1, 2022 AND WAS TERMINATED ON AUGUST 7, 2024.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATIONS ARTICLES OF ORGANIZATION WERE AMENDED ON DECEMBER 6, 2024.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2PER THE ORGANIZATION'S BYLAWS IN EFFECT FOR 2024, THE ORGANIZATION HAD APPOINTING AUTHORITY FOR ONE OF ITS SEVEN (7) BOARD MEMBERS. ALL SEVEN APPOINTMENTS WERE RATIFIED BY A VOTE OF THE ORGANIZATION'S BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE CITY, COUNTY AND STATE APPOINT BOARD MEMBERS TO THE CAMBRIDGE WATERFRONT DEVELOPMENT, INC BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE BOARD OF DIRECTORS REVIEWS FORM 990 BEFORE FILING
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5EACH BOARD MEMBER MAINTAINS COMPLIANCE WITH THEIR APPROPRIATE CITY, COUNTY AND STATE AUTHORITIES. IF ANY CONFLICT ARISES, THEY ARE REQUIRED TO DISLCOSE THE CONFLICT AND RESPOND APPROPRIATELY TO ANY ACTION THAT NEEDS TO BE TAKEN (I.E, RECUSE THEMSELVES FROM VOTING, ETC.).
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE EXECUTIVE COMMITTEE REVIEWED AND MADE A DECISION THAT RESULTED IN AN EXTENSION OF THE CONTRACT WITH KIRK AVE, LLC FOR EXECUTIVE DIRECTOR SERVICES. THE CURRENT CONTRACT WAS EXTENDED THROUGH DECEMBER 31, 2024, BUT WAS LATER MUTUALLY TERMINATED ON AUGUST 7, 2024.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7ALL GOVERNING DOCUMENTS ARE MADE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8ADMINISTRATIVE FEES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 381,913. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 381,913. EXECUTIVE DIRECTOR SERVICES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 70,833. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 70,833.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 4
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION A, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART VI, SECTION B, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8FORM 990, PART IX, LINE 11G
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9FORM 990, PART XII, LINE 2C:
IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingEntityName/BusinessNameLine1Txt0CAMBRIDGE WATERFRONT DEVELOPMENT INC
IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingEntityName/BusinessNameLine1Txt1CAMBRIDGE WATERFRONT DEVELOPMENT INC
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt0CWDI HOLDINGS LLC
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt1CAMBRIDGE HARBOR LLC
IRS990ScheduleR/IdDisregardedEntitiesGrp/EIN0874219928
IRS990ScheduleR/IdDisregardedEntitiesGrp/LegalDomicileStateCd0MD
IRS990ScheduleR/IdDisregardedEntitiesGrp/LegalDomicileStateCd1MD
IRS990ScheduleR/IdDisregardedEntitiesGrp/PrimaryActivitiesTxt0REAL ESTATE HOLDING COMPANY
IRS990ScheduleR/IdDisregardedEntitiesGrp/PrimaryActivitiesTxt1REAL ESTATE HOLDING COMPANY
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/AddressLine1Txt0PO BOX 1144
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/AddressLine1Txt1PO BOX 1144
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/CityNm0CAMBRIDGE
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/CityNm1CAMBRIDGE

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