Civic Intelligence

Central Area Community Development Association

990 • Fiscal year 2022 • EIN 91-1632440

Jan 01, 2022 to Dec 31, 2022 • Filed on Oct 15, 2023

PO Box 51033Seattle, WA 98115

(206) 919-9896

Siviq Scores

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

Liabilities / Assets

95th percentile

1.00x

Higher debt load relative to assets than 95% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Liabilities / Revenue

94th percentile

1.85x

Higher debt load relative to revenue than 94% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Net Margin

69th percentile

19%

Higher net margin than 69% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Top Officer Pay

53rd percentile

$0

Higher top officer pay than 53% of similar nonprofits.

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

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Asset Growth

27th percentile

-6.6%

Faster asset growth than 27% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2021 to 2022

Revenue Growth

96th percentile

271%

Faster revenue growth than 96% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2021 to 2022

Assets

Down

$972,005

Down $68,829 (-6.6%) from 2021

Net Assets

Up

-$3,108

Up $97,422 (+97%) from 2021

Liabilities

Down

$975,113

Down $166,251 (-15%) from 2021

Revenue

Up

$525,935

Up $384,341 (+271%) from 2021

Expenses

Up

$428,513

Up $201,829 (+89%) from 2021

Net Income

Up

$97,422

Up $182,512 (+214%) from 2021

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

2022

Assets$972,005
Liabilities$975,113
Net Assets-$3,108

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

2022

Revenue$525,935
Expenses$428,513
Net Income$97,422
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Oct 15, 2023
Return Version
2022v5.0
Gross Receipts
$525,935
Mission and Program Overview

Mission

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

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

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$920,670$851,948▼ $68,722
Cash and Non-Interest-Bearing Accounts$20,400$18,510▼ $1,890
Accounts Receivable$7,320$5,921▼ $1,399
Prepaid Expenses and Deferred Charges$4,222$3,736▼ $486
Total Assets$1,040,834$972,005▼ $68,829
Other Assets Total$88,222$91,890▲ $3,668
Liabilities
Accounts Payable and Accrued Expenses$498,214$556,343▲ $58,129
Mortgage Notes Payable Secured by Investment Property$631,456$406,409▼ $225,047
Other Liabilities$8,360$7,866▼ $494
Deferred Revenue$3,334$4,495▲ $1,161
Total Liabilities$1,141,364$975,113▼ $166,251
Net Assets / Fund Balance
Net Assets With Donor Restrictions$741,535$1,109,456▲ $367,921
Net Assets Without Donor Restrictions$-842,065$-1,112,564▼ $270,499
Total Net Assets Fund Balance$-100,530$-3,108▲ $97,422
Total Liabilities and Net Assets / Fund Balance$1,040,834$972,005▼ $68,829

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$419,925$572,091$992,016
Buildings$385,723$568,643$954,366
Land$46,300-$46,300
Other Assets Org$84,024--
Compensation and Service Providers

Board Members and Trustees

NameTitle
George StaggersCEO
Charlottee WingoMember
Doug MartinMember
Godwin GabrielMember
Roberto JoudornMember
Eudora CarterSecretary
Tricia BaranTreasurer Controller
Rolanda CarriereVice Presidnet
Revenue and Support

Revenue Composition

Contributions and Grants
$372,992
Program Service Revenue
$145,386
Investment Income
$0
Other Revenue
$7,557
Change in Net Assets
$97,422
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$328,181
Salaries, Compensation, and Employee Benefits$100,332
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest$141,524--$141,524
Current Officers, Directors, Trustees, and Key Employees$44,362$29,575-$73,937
Depreciation Depletion$68,722--$68,722
Occupancy$52,319--$52,319
Insurance$16,799$2,433-$19,232
Fees for Services Management$19,200--$19,200
Comp Disqual Persons$16,821--$16,821
Payroll Taxes$5,947$2,185-$8,132
Other Employee Benefits$1,442--$1,442
Fees for Services Accounting$1,181--$1,181
Other Expenses$1,001$1,782-$1,001
Office Expenses$289$100-$389
Fees for Services Legal$240--$240
Information Technology$109$72-$181
Travel$102$6-$108
Total Functional Expenses$392,360$36,153$0$428,513
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$7,866
Tenant 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
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, 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 L Baran
Phone
2069199896
Address
PO Box 51033, Seattle, WA 98115

Signing Officer

Name
George Staggers
Title
CEO
Phone
2069199896
Signed
2023-10-15
Discuss with paid preparer
No

Organization Details

Principal Officer
George Staggers
Formed
1994
Legal Domicile
Wa
Voting Board Members
7
Independent Board Members
7
Employees
0
Volunteers
8
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0145386
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/ExpenseAmt019618
IRS990/ProgSrvcAccomActy3Grp/Desc0COMMUNITY PROGRAMS - PROGRAMS THAT SUPPORT CENTRAL AREA RESIDENTS AND BUSINESSES.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt03924
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYExcessBenefitTransInd0false
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0195251
IRS990/PYOtherRevenueAmt0131
IRS990/PYProgramServiceRevenueAmt0141463
IRS990/PYRevenuesLessExpensesAmt0-85090
IRS990/PYSalariesCompEmpBnftPaidAmt031433
IRS990/PYTotalExpensesAmt0226684
IRS990/PYTotalRevenueAmt0141594
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt097422
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0372992
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt034571
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt082923
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0490486
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt01
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt01
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt02
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct01.00000
IRS990ScheduleA/PublicSupportPY170Pct01.00000
IRS990ScheduleA/PublicSupportTotal170Amt0490486
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0372992
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt034571
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt082923
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0490486
IRS990ScheduleA/TotalSupportAmt0490488
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/BookValueAmt0385723
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0568643
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0954366
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0false
IRS990ScheduleD/LandGrp/BookValueAmt046300
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt046300
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0419925
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0572091
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0992016
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt07866
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt184024
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0TENANT SECURITY DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1REPLACEMENT RESERVES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt07866
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Federal income taxes
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1TENANT SECURITY DEPOSITS
IRS990ScheduleD/OtherSecuritiesGrp/Desc0Financial derivatives and other financial products
IRS990ScheduleD/OtherSecuritiesGrp/Desc1Closely-held equity interests
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0851948
IRS990ScheduleD/TotalBookValueOtherAssetsAmt091890
IRS990ScheduleD/TotalLiabilityAmt07866
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/TotalAssetsBOYAmt01040834
IRS990/TotalAssetsEOYAmt0972005
IRS990/TotalAssetsGrp/BOYAmt01040834
IRS990/TotalAssetsGrp/EOYAmt0972005
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0372992
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt036153
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0392360
IRS990/TotalFunctionalExpensesGrp/TotalAmt0428513
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01141364
IRS990/TotalLiabilitiesEOYAmt0975113
IRS990/TotalLiabilitiesGrp/BOYAmt01141364
IRS990/TotalLiabilitiesGrp/EOYAmt0975113
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-100530
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-3108
IRS990/TotalProgramServiceExpensesAmt0392360
IRS990/TotalProgramServiceRevenueAmt0145386
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0152943
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0525935
IRS990/TotalVolunteersCnt08
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01040834
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0972005
IRS990/TravelGrp/ManagementAndGeneralAmt06
IRS990/TravelGrp/ProgramServicesAmt0102
IRS990/TravelGrp/TotalAmt0108
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO Box 51033
IRS990/USAddress/CityNm0Seattle
IRS990/USAddress/StateAbbreviationCd0WA
IRS990/USAddress/ZIPCd098115
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd03
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0false
ReturnHeader/BusinessOfficerGrp/PersonNm0George Staggers
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CEO
ReturnHeader/BusinessOfficerGrp/PhoneNum02069199896
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-10-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Central Area Development Association
ReturnHeader/Filer/BusinessNameControlTxt0CENT
ReturnHeader/Filer/EIN0911632440
ReturnHeader/Filer/InCareOfNm0% Tricia L Baran
ReturnHeader/Filer/PhoneNum02069199896

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.$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
2022Detailed filing. Detailed filing data is available for this year.$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
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$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