Central Area Community Development Association FY2020 filing

Tax-deductible

Seattle, WA501(c)(3)UnclassifiedEIN 91-1632440Revenue $186K in FY2020

On file with the IRScada.orgPo Box 51033, 98115-1033 · Seattle, WATax-exempt since Jul 1994Publicly supported charity — 170(b)(1)(A)(vi)

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

501(c)(3) charity; gifts are tax-deductible.
91¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 5
filings with a surplus
Average deficit $54K a year · 23% of revenue · last 5 filings
Concern: a surplus in 1 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
91%
of spending
Looks good: 91% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Worth a look: 0.8 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$1.1M
101% of total assets
Concern: liabilities are 101% of assets; over 80%.
Pt X · Ln 26
Independent board members
8
of 8 voting members
Looks good: 8 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$186K
Spent
$247K
To programs
91%
Net assets
−$15K
By yearFY2020–FY2024
Revenue
$186K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$186K
FY2021$142K
FY2022$526K
FY2023$172K
FY2024$133K
Expenses
$247K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$247K
FY2021$227K
FY2022$429K
FY2023$281K
FY2024$247K
Net assets
−$15K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020−$15K
FY2021−$101K
FY2022−$3K
FY2023−$112K
FY2024−$226K

From the FY2020 Form 990 · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jul 1994.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

91 cents of each dollar spent went to programs.

Program services 91% · $224K Management & general 9% · $23K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

9 people listed on the 990.

Part VII, Section A · reportable compensation
President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Treasurer Controller
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Central Area Community Development Association executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Improves the Central Area's economy, housing affordability, and overall quality of life.

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Provided by the organization

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3 programs · $224K · in their own filed words · FY2020
01

Asset Property Management

Activities include OWNERSHIP/OPEREATION of one aprtment building comprising 20 units.

$215Kprogram expense
02

Retail 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.

$7Kprogram expense
03

Community Programs

Programs that support central area residents and businesses.

$2Kprogram expense

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$186K
Ln 12
Fees for servicesLn 2g$151K
Gifts and grantsLn 1h$35K
Other incomeLn 4–11$182
Money outPt IX
$247K
Ln 25
Programscol B$224K
Managementcol C$23K
Owns and owesPt X
−$15K
net assets · Ln 32
Cash and savingsLn 1–2$17K
Total assetsLn 16$1.1M
LiabilitiesLn 26$1.1M
PeoplePt VI, VII
9
listed · VII A
PaidVII A0
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$35K
Government grantsLn 1e$35K
Fees for servicesLn 2g$151K
Other incomeLn 4–11$182
Total revenueLn 12$186K
Assets in detailPt X, end of year
CashLn 1$17K
Cash and savings togetherLn 1–2$17K
Land, buildings, equipmentLn 10c$989K
Other assetsLn 15$85K
Total assetsLn 16$1.1M
LiabilitiesLn 26$1.1M
Net assetsLn 32−$15K
OperationsPt I, VI
EmployeesI 50
VolunteersI 63
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$26K$17K
Land, buildings, equipmentLn 10c$1.0M$989K
Total assetsLn 16$1.1M$1.1M
LiabilitiesLn 26$1.1M$1.1M
Net assetsLn 32$46K−$15K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$42K$25K$17K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$10K$10K
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$4K$3K$1K
Management feesLn 11a$19K$19K
Legal feesLn 11b$0
Accounting feesLn 11c$1K$1K
Lobbying feesLn 11d$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$0
Office expensesLn 13$2K$2K$5
Information technologyLn 14$1K$605$404
RoyaltiesLn 15$0
OccupancyLn 16$59K$59K
TravelLn 17$47$47
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$21K$21K
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$50K$50K
InsuranceLn 23$14K$12K$2K
Other expenses (24a–d)Ln 24$23K$21K$2K
All other expensesLn 24e$0
Total functional expensesLn 25$247K$224K$23K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $133K$247K−$114K−$226K 990 PDF
FY2023 $172K$281K−$109K−$112K 990 PDF
FY2022 $526K$429K$97K−$3K 990 PDF
FY2021 $142K$227K−$85K−$101K 990 PDF
FY2020 Viewing $186K$247K−$61K−$15K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2020 990 (6 parts)
Part I · Summary $185,635 revenue, 12 lines filed
I-8 Contributions and grants$34,571
I-9 Program service revenuePrior year $160,770$150,882
I-10 Investment incomePrior year $1$0
I-11 Other revenuePrior year $179$182
I-12 Total revenuePrior year $160,950$185,635
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $65,504$56,753
I-16a Professional fundraising feesPrior year $173,724$0
I-17 Other expenses$189,930
I-18 Total expensesPrior year $239,228$246,683
I-19 Revenue less expensesPrior year −$78,278−$61,048
Part VI · Governance 8 of 8 board members independent, no flags
VI-1a Voting members of the governing body8
VI-1b Independent voting members8
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $185,635 across 5 lines filed
VIII-1e Government grants$34,571
VIII-1h Total contributions, gifts and grants$34,571
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $150,882$150,882
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $182$182
VIII-12 Total revenueRelated to mission $151,064$185,635
Part IX · Statement of functional expenses $246,683 across 30 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staffPrograms $25,350 · Management $16,900$42,250
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $10,103$10,103
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxesPrograms $3,105 · Management $1,295$4,400
IX-11a Management feesPrograms $19,200$19,200
IX-11b Legal fees$0
IX-11c Accounting feesPrograms $1,128$1,128
IX-11d Lobbying fees$0
IX-11f Investment management fees$0
IX-11g Other fees for services$0
IX-12 Advertising and promotion$0
IX-13 Office expensesPrograms $1,672 · Management $5$1,677
IX-14 Information technologyPrograms $605 · Management $404$1,009
IX-15 Royalties$0
IX-16 OccupancyPrograms $58,710$58,710
IX-17 TravelPrograms $47$47
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetingsPrograms $20,986$20,986
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationPrograms $50,086$50,086
IX-23 InsurancePrograms $11,889 · Management $1,943$13,832
IX-24 Other expenses (24a–d)Programs $20,954 · Management $2,301$23,255
IX-24e All other expenses$0
IX-25 Total functional expensesPrograms $223,835 · Management $22,848 · Fundraising $0$246,683
Part X · Balance sheet $1,101,376 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $26,363$16,905
X-4 Accounts receivableStart of year $1,743$8,928
X-9 Prepaid expenses and deferred chargesStart of year $1,593$1,622
X-10c Land, buildings and equipment, netStart of year $1,004,908$989,392
X-15 Other assetsStart of year $78,682$84,529
X-16 Total assetsStart of year $1,113,289$1,101,376
X-17 Accounts payable and accrued expensesStart of year $398,472$460,565
X-19 Deferred revenueStart of year $660$1,265
X-25 Other liabilitiesStart of year $9,130$9,130
X-26 Total liabilitiesStart of year $1,067,681$1,116,816
X-27 Net assets without donor restrictionsStart of year −$695,927−$756,975
X-28 Net assets with donor restrictionsStart of year $741,535$741,535
X-32 Total net assets or fund balancesStart of year $45,608−$15,440
X-33 Total liabilities and net assetsStart of year $1,113,289$1,101,376
Part XI · Reconciliation of net assets −$15,440 net assets at year end
XI-1 Total revenue$185,635
XI-2 Total expenses$246,683
XI-3 Revenue less expenses−$61,048
XI-4 Net assets at start of year$45,608
XI-10 Net assets at end of year−$15,440

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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