Civic Intelligence

Central Area Community Development Association

990 • Fiscal year 2023 • EIN 91-1632440

Jan 01, 2023 to Dec 31, 2023 • Filed on Nov 14, 2024

Organization Profilecada.org
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

1.12x

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

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Liabilities / Revenue

98th percentile

5.95x

Higher debt load relative to revenue than 98% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Net Margin

6th percentile

-63%

Higher net margin than 6% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Top Officer Pay

54th percentile

$0

Higher top officer pay than 54% of similar nonprofits.

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

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Asset Growth

24th percentile

-6.0%

Faster asset growth than 24% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Revenue Growth

3rd percentile

-67%

Faster revenue growth than 3% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets95th percentile

Assets

Down

$913,819

Down $58,186 (-6.0%) from 2022

Net Assets

Down

-$111,812

Down $108,704 (-3498%) from 2022

Liabilities

Up

$1,025,631

Up $50,518 (+5.2%) from 2022

Revenue And Expenses
Liabilities / Revenue98th percentileNet Margin6th percentile

Revenue

Down

$172,438

Down $353,497 (-67%) from 2022

Expenses

Down

$281,142

Down $147,371 (-34%) from 2022

Net Income

Down

-$108,704

Down $206,126 (-212%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth24th percentile

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

2023

Assets$913,819
Liabilities$1,025,631
Net Assets-$111,812
Open 2023 Filing

Operations Trend

Revenue Growth3rd percentile

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

2023

Revenue$172,438
Expenses$281,142
Net Income-$108,704
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Nov 14, 2024
Return Version
2023v5.1
Gross Receipts
$172,438
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$851,948$783,226▼ $68,722
Cash and Non-Interest-Bearing Accounts$18,510$24,384▲ $5,874
Prepaid Expenses and Deferred Charges$3,736$5,291▲ $1,555
Accounts Receivable$5,921$5,069▼ $852
Total Assets$972,005$913,819▼ $58,186
Other Assets Total$91,890$95,849▲ $3,959
Liabilities
Accounts Payable and Accrued Expenses$556,343$618,252▲ $61,909
Mortgage Notes Payable Secured by Investment Property$406,409$399,672▼ $6,737
Other Liabilities$7,866$7,066▼ $800
Deferred Revenue$4,495$641▼ $3,854
Total Liabilities$975,113$1,025,631▲ $50,518
Net Assets / Fund Balance
Net Assets With Donor Restrictions$1,109,456$1,109,456→ $0
Net Assets Without Donor Restrictions$-1,112,564$-1,221,268▼ $108,704
Total Net Assets Fund Balance$-3,108$-111,812▼ $108,704
Total Liabilities and Net Assets / Fund Balance$972,005$913,819▼ $58,186

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$375,062$616,954$992,016
Buildings$361,864$592,502$954,366
Land$46,300-$46,300
Other Assets Org$88,783--
Compensation and Service Providers
Top Officer Pay54th percentile

Board Members and Trustees

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

Revenue Composition

Contributions and Grants
$36,347
Program Service Revenue
$128,592
Investment Income
$0
Other Revenue
$7,499
Change in Net Assets
$-108,704
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$224,724
Salaries, Compensation, and Employee Benefits$56,418
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$68,722--$68,722
Occupancy$62,702--$62,702
Current Officers, Directors, Trustees, and Key Employees$33,800$8,450-$42,250
Insurance$20,623$1,494-$22,117
Fees for Services Management$19,200--$19,200
Other Salaries and Wages$8,449--$8,449
Payroll Taxes$3,680$633-$4,313
Other Employee Benefits$1,406--$1,406
Fees for Services Accounting$1,265--$1,265
Other Expenses$1,041$1,887-$1,041
Office Expenses$666--$666
Total Functional Expenses$268,678$12,464$0$281,142
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$7,066
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 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 Section B, Line 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 Section C, Line 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
2024-11-14
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
7
Raw XML Appendix382 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt036347
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0372992
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt034571
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0443910
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt01
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt01
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct01.00000
IRS990ScheduleA/PublicSupportPY170Pct01.00000
IRS990ScheduleA/PublicSupportTotal170Amt0443910
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt036347
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0372992
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt034571
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0443910
IRS990ScheduleA/TotalSupportAmt0443911
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/BookValueAmt0361864
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0592502
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0954366
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0false
IRS990ScheduleD/LandGrp/BookValueAmt046300
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt046300
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0375062
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0616954
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0992016
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt07066
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt188783
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0TENANT SECURITY DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1REPLACEMENT RESERVES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt07066
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/TotalBookValueLandBuildingsAmt0783226
IRS990ScheduleD/TotalBookValueOtherAssetsAmt095849
IRS990ScheduleD/TotalLiabilityAmt07066
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 Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section Section B, Line Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section Section C, Line Line 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0972005
IRS990/TotalAssetsEOYAmt0913819
IRS990/TotalAssetsGrp/BOYAmt0972005
IRS990/TotalAssetsGrp/EOYAmt0913819
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt036347
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt012464
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0268678
IRS990/TotalFunctionalExpensesGrp/TotalAmt0281142
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0975113
IRS990/TotalLiabilitiesEOYAmt01025631
IRS990/TotalLiabilitiesGrp/BOYAmt0975113
IRS990/TotalLiabilitiesGrp/EOYAmt01025631
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-3108
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-111812
IRS990/TotalProgramServiceExpensesAmt0268678
IRS990/TotalProgramServiceRevenueAmt0128592
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0172438
IRS990/TotalVolunteersCnt07
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0972005
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0913819
IRS990/TravelGrp/TotalAmt00
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/BuildTS02024-10-15 13:58:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0false
ReturnHeader/BusinessOfficerGrp/PersonNm0George Staggers
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CEO
ReturnHeader/BusinessOfficerGrp/PhoneNum02069199896
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-11-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Central Area Development Association
ReturnHeader/Filer/BusinessNameControlTxt0CENT
ReturnHeader/Filer/EIN0911632440
ReturnHeader/Filer/InCareOfNm0% Tricia L Baran
ReturnHeader/Filer/PhoneNum02069199896
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO Box 51033
ReturnHeader/Filer/USAddress/CityNm0Seattle
ReturnHeader/Filer/USAddress/StateAbbreviationCd0WA
ReturnHeader/Filer/USAddress/ZIPCd098115
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/ReturnTs02024-11-14T09:51:21-00:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$913,819
Liabilities
$1,025,631
Net assets
-$111,812
Revenue
$172,438
Expenses
$281,142
Net income
-$108,704
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
2023Detailed filing. Detailed filing data is available for this year.$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
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