Civic Intelligence

Central Area Community Development Association

990 • Fiscal year 2020 • EIN 91-1632440

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 12, 2021

PO Box 51033Seattle, WA 98115

(425) 778-9262

Siviq Scores

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

Liabilities / Assets

93rd percentile

1.01x

Higher debt load relative to assets than 93% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

96th percentile

6.02x

Higher debt load relative to revenue than 96% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Net Margin

11th percentile

-33%

Higher net margin than 11% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

37th percentile

$0

Higher top officer pay than 37% of similar nonprofits.

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

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Asset Growth

28th percentile

-1.1%

Faster asset growth than 28% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

71st percentile

15%

Faster revenue growth than 71% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Assets

Down

$1,101,376

Down $11,913 (-1.1%) from 2019

Net Assets

Down

-$15,440

Down $61,048 (-134%) from 2019

Liabilities

Up

$1,116,816

Up $49,135 (+4.6%) from 2019

Revenue

Up

$185,635

Up $24,685 (+15%) from 2019

Expenses

Up

$246,683

Up $7,455 (+3.1%) from 2019

Net Income

Up

-$61,048

Up $17,230 (+22%) from 2019

Historical Trend

Balance Sheet Trend

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

$30M$20M$10M$0-$10MAssets 2010: $22,505,732Liabilities 2010: $19,058,060Net Assets 2010: $3,447,6722010Assets 2011: $21,432,017Liabilities 2011: $18,438,588Net Assets 2011: $2,993,4292011Assets 2012: $20,608,000Liabilities 2012: $18,005,685Net Assets 2012: $2,602,3152012Assets 2013: $19,642,807Liabilities 2013: $17,617,060Net Assets 2013: $2,025,7472013Assets 2014: $3,087,846Liabilities 2014: $3,404,713Net Assets 2014: -$316,8672014Assets 2015: $2,773,500Liabilities 2015: $3,149,988Net Assets 2015: -$376,4882015Assets 2016: $1,252,097Liabilities 2016: $1,037,487Net Assets 2016: $214,6102016Assets 2017: $1,203,757Liabilities 2017: $1,034,669Net Assets 2017: $169,0882017Assets 2018: $1,155,783Liabilities 2018: $1,031,897Net Assets 2018: $123,8862018Assets 2019: $1,113,289Liabilities 2019: $1,067,681Net Assets 2019: $45,6082019Assets 2020: $1,101,376Liabilities 2020: $1,116,816Net Assets 2020: -$15,4402020Assets 2021: $1,040,834Liabilities 2021: $1,141,364Net Assets 2021: -$100,5302021Assets 2022: $972,005Liabilities 2022: $975,113Net Assets 2022: -$3,1082022Assets 2023: $913,819Liabilities 2023: $1,025,631Net Assets 2023: -$111,8122023Assets 2024: $854,207Liabilities 2024: $1,080,110Net Assets 2024: -$225,9032024

Highlighted filing

2020

Assets$1,101,376
Liabilities$1,116,816
Net Assets-$15,440

Operations Trend

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

$6.0M$4.0M$2.0M$0-$2.0M-$4.0MExpenses 2010: $2,651,2762010Expenses 2011: $2,714,7442011Expenses 2012: $2,614,3342012Revenue 2013: $1,452,504Expenses 2013: $2,730,013Net Income 2013: -$1,277,5092013Revenue 2014: $1,631,795Expenses 2014: $4,600,810Net Income 2014: -$2,969,0152014Revenue 2015: $639,104Expenses 2015: $698,725Net Income 2015: -$59,6212015Revenue 2016: $1,757,467Expenses 2016: $415,369Net Income 2016: $1,342,0982016Revenue 2017: $288,120Expenses 2017: $333,642Net Income 2017: -$45,5222017Revenue 2018: $251,035Expenses 2018: $296,237Net Income 2018: -$45,2022018Revenue 2019: $160,950Expenses 2019: $239,228Net Income 2019: -$78,2782019Revenue 2020: $185,635Expenses 2020: $246,683Net Income 2020: -$61,0482020Revenue 2021: $141,594Expenses 2021: $226,684Net Income 2021: -$85,0902021Revenue 2022: $525,935Expenses 2022: $428,513Net Income 2022: $97,4222022Revenue 2023: $172,438Expenses 2023: $281,142Net Income 2023: -$108,7042023Revenue 2024: $132,528Expenses 2024: $246,619Net Income 2024: -$114,0912024

Highlighted filing

2020

Revenue$185,635
Expenses$246,683
Net Income-$61,048
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 12, 2021
Return Version
2020v4.1
Gross Receipts
$185,635
Mission and Program Overview

Mission

CADAs mission is to enhance the economic vitality, affordability, and livability of the Central Area.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,004,908$989,392▼ $15,516
Cash and Non-Interest-Bearing Accounts$26,363$16,905▼ $9,458
Accounts Receivable$1,743$8,928▲ $7,185
Prepaid Expenses and Deferred Charges$1,593$1,622▲ $29
Total Assets$1,113,289$1,101,376▼ $11,913
Other Assets Total$78,682$84,529▲ $5,847
Liabilities
Mortgage Notes Payable Secured by Investment Property$659,419$645,856▼ $13,563
Accounts Payable and Accrued Expenses$398,472$460,565▲ $62,093
Other Liabilities$9,130$9,130→ $0
Deferred Revenue$660$1,265▲ $605
Total Liabilities$1,067,681$1,116,816▲ $49,135
Net Assets / Fund Balance
Net Assets With Donor Restrictions$741,535$741,535→ $0
Net Assets Without Donor Restrictions$-695,927$-756,975▼ $61,048
Total Net Assets Fund Balance$45,608$-15,440▼ $61,048
Total Liabilities and Net Assets / Fund Balance$1,113,289$1,101,376▼ $11,913

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$479,346$520,925$1,000,271
Leasehold Improvements$463,746$482,365$946,111
Land$46,300-$46,300
Other Assets Org$75,399--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Bruce HarrellPresident
Rolanda CarriereVice President
George StaggersCEO
Charlotte WingoMember
Doug MartinMember
Godwin GabrielMember
Roberto JoudornMember
Eudora CarterSecretary
Tricia BaranTreasurer Controller
Revenue and Support

Revenue Composition

Contributions and Grants
$34,571
Program Service Revenue
$150,882
Investment Income
$0
Other Revenue
$182
Change in Net Assets
$-61,048
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$189,930
Salaries, Compensation, and Employee Benefits$56,753
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$58,710--$58,710
Depreciation Depletion$50,086--$50,086
Current Officers, Directors, Trustees, and Key Employees$25,350$16,900-$42,250
Conferences and Meetings$20,986--$20,986
Fees for Services Management$19,200--$19,200
Insurance$11,889$1,943-$13,832
Other Salaries and Wages$10,103--$10,103
Payroll Taxes$3,105$1,295-$4,400
Office Expenses$1,672$5-$1,677
Fees for Services Accounting$1,128--$1,128
Information Technology$605$404-$1,009
Other Expenses$778$536-$778
Travel$47--$47
Total Functional Expenses$223,835$22,848$0$246,683
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
Federal income taxes$9,130
Security Deposits-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

The review process begins with the CEO and Board reviewing the Form 990 and schedules prepared by the Controller. Any changes are discussed with the Controller and documented prior to submission.

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

The Board of Directors, Officers, and Staff are required to annually sign a conflict of interest policy and disclose and conflicts. The Executive Committee determines if there is a conflict and reviews any actual conflicts. If a conflict of interest exists the individual is asked to not participate in the deliberations and decisions related to the transactions. Individuals may also be asked to resign from their position.

Form 990, Part VI, Section C, Line 19

All documents, conflict of interest policy, and financial statements are available to the public upon request by scheduling a time to review the requested documents.

Filing and Contact Details

Filer

Filer Name
Central Area Development Association
EIN
91-1632440
In Care Of
% Tricia Baran
Phone
4257789262
Address
PO Box 51033, Seattle, WA 98115

Signing Officer

Name
George M Staggers
Title
CEO
Phone
2069199896
Signed
2021-11-12
Discuss with paid preparer
No

Organization Details

Principal Officer
George M Staggers
Formed
1994
Legal Domicile
Wa
Voting Board Members
8
Independent Board Members
8
Employees
0
Volunteers
9
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IRS990/ProgSrvcAccomActy2Grp/Desc0RETAIL COMMERICAL DEVELOPMENT - ADVANCE DEVELOPMENT OF MIXED-USE BUILDINGS WHICH WILL SPUR ECONOMIC DEVELOPMENT IN THE CENTRAL AREA. ACQUIRE AND REHABILITATE HOUSING FOR LOW AND MODERATE-INCOME PERSONS, STRENGTHEN THE JACKSON STREET CORRIDOR.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt06640
IRS990/ProgSrvcAccomActy3Grp/Desc0COMMUNITY PROGRAMS - PROGRAMS THAT SUPPORT CENTRAL AREA RESIDENTS AND BUSINESSES.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt02215
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt01
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherRevenueAmt0179
IRS990/PYProgramServiceRevenueAmt0160770
IRS990/PYRevenuesLessExpensesAmt0-78278
IRS990/PYSalariesCompEmpBnftPaidAmt065504
IRS990/PYTotalExpensesAmt0239228
IRS990/PYTotalProfFndrsngExpnsAmt0173724
IRS990/PYTotalRevenueAmt0160950
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-61048
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt034571
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt082923
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0112121
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0815306
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01044921
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt01
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt01
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt01
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt03
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt06
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct01.00000
IRS990ScheduleA/PublicSupportPY170Pct00.99990
IRS990ScheduleA/PublicSupportTotal170Amt01044921
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt034571
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt082923
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0112121
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0815306
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01044921
IRS990ScheduleA/TotalSupportAmt01044927
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/ScheduleBRequiredInd0true
IRS990ScheduleD/BuildingsGrp/BookValueAmt0479346
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0520925
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01000271
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0false
IRS990ScheduleD/LandGrp/BookValueAmt046300
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt046300
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0463746
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0482365
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0946111
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt09130
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt175399
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Tenant Security Deposits
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1Replacement Reserves
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt09130
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Federal income taxes
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Security Deposits
IRS990ScheduleD/OtherSecuritiesGrp/Desc0Financial derivatives and other financial products
IRS990ScheduleD/OtherSecuritiesGrp/Desc1Closely-held equity interests
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0989392
IRS990ScheduleD/TotalBookValueOtherAssetsAmt084529
IRS990ScheduleD/TotalLiabilityAmt09130
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The review process begins with the CEO and Board reviewing the Form 990 and schedules prepared by the Controller. Any changes are discussed with the Controller and documented prior to submission.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The Board of Directors, Officers, and Staff are required to annually sign a conflict of interest policy and disclose and conflicts. The Executive Committee determines if there is a conflict and reviews any actual conflicts. If a conflict of interest exists the individual is asked to not participate in the deliberations and decisions related to the transactions. Individuals may also be asked to resign from their position.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2All documents, conflict of interest policy, and financial statements are available to the public upon request by scheduling a time to review the requested documents.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section C, Line 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01113289
IRS990/TotalAssetsEOYAmt01101376
IRS990/TotalAssetsGrp/BOYAmt01113289
IRS990/TotalAssetsGrp/EOYAmt01101376
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt034571
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt022848
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0223835
IRS990/TotalFunctionalExpensesGrp/TotalAmt0246683
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01067681
IRS990/TotalLiabilitiesEOYAmt01116816
IRS990/TotalLiabilitiesGrp/BOYAmt01067681
IRS990/TotalLiabilitiesGrp/EOYAmt01116816
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt045608
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-15440
IRS990/TotalProgramServiceExpensesAmt0223835
IRS990/TotalProgramServiceRevenueAmt0150882
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0151064
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0185635
IRS990/TotalVolunteersCnt09
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01113289
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01101376
IRS990/TravelGrp/ProgramServicesAmt047
IRS990/TravelGrp/TotalAmt047
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO Box 51033
IRS990/USAddress/CityNm0Seattle
IRS990/USAddress/StateAbbreviationCd0WA
IRS990/USAddress/ZIPCd098115
IRS990/VotingMembersGoverningBodyCnt08
IRS990/VotingMembersIndependentCnt08
IRS990/WebsiteAddressTxt0cada.org
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0false
ReturnHeader/BusinessOfficerGrp/PersonNm0George M Staggers
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CEO
ReturnHeader/BusinessOfficerGrp/PhoneNum02069199896
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-11-12
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Central Area Development Association
ReturnHeader/Filer/BusinessNameControlTxt0CENT
ReturnHeader/Filer/EIN0911632440
ReturnHeader/Filer/InCareOfNm0% Tricia Baran

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.85$1.08$0.23$0.13$0.25$0.11
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.91$1.03$0.11$0.17$0.28$0.11
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.97$0.98$0.00$0.53$0.43$0.10
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.04$1.14$0.10$0.14$0.23$0.09
2020Detailed filing. Detailed filing data is available for this year.$1.10$1.12$0.02$0.19$0.25$0.06
2019Summary only. Only limited summary data is available for this year.$1.11$1.07$0.05$0.16$0.24$0.08
2018Summary only. Only limited summary data is available for this year.$1.16$1.03$0.12$0.25$0.30$0.05
2017Summary only. Only limited summary data is available for this year.$1.20$1.03$0.17$0.29$0.33$0.05
2016Summary only. Only limited summary data is available for this year.$1.25$1.04$0.21$1.76$0.42$1.34
2015Summary only. Only limited summary data is available for this year.$2.77$3.15$0.38$0.64$0.70$0.06
2014Summary only. Only limited summary data is available for this year.$3.09$3.40$0.32$1.63$4.60$2.97
2013Summary only. Only limited summary data is available for this year.$19.6$17.6$2.03$1.45$2.73$1.28
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$20.6$18.0$2.60$2.61
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$21.4$18.4$2.99$2.71
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$22.5$19.1$3.45$2.65