Csdc Facilities Corporation
- Assets
- $49.9m
- Revenue
- $3.9m
- Investments
- $0.0
- Employees
- 0
- Location
- Hanover, MD
- Founding
- 08/2003
- Data as of
- 12/2023
- EIN
- 30-0142162
Organization Overview
Csdc Facilities Corporation is located in Hanover, MD. The organization was established in 2003. According to its NTEE Classification (B19) the organization is classified as: Support N.E.C., under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Csdc Facilities Corporation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Csdc Facilities Corporation generated $3.9m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 3.8% each year. All expenses for the organization totaled $3.0m during the year ending 12/2023. While expenses have increased by 3.8% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE SUPPORT SERVICES TO CHARTER SCHOOLS DEVELOPMENT CORPRATION AND AFFILIATED ORGANIZATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE SUPPORT SERVICES TO CHARTER SCHOOLS DEVELOPMENT CORPORATION AND ITS AFFILIATED OR CONTROLLED ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Curran Chair | OfficerTrustee | 2 | $0 |
Ember Reichgott Junge Vice Chair | OfficerTrustee | 2 | $0 |
Jim Goenner Director & Treasurer | OfficerTrustee | 2 | $0 |
Lanette Dailey-Reese Director & Secretary | OfficerTrustee | 2 | $0 |
Jay Hromatka Director | Trustee | 2 | $0 |
Leo Valdez Director | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Bouma Usa Management Llc General Contractor Services For Project | 12/30/22 | $613,548 |
Mnrc Construction | 12/30/22 | $113,820 |
Interface Construction Corp Construction | 12/30/22 | $117,274 |
Oaks Resource Group International Construction | 12/30/22 | $100,377 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $3,570,681 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $367,225 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,937,906 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $29,989 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $26,323 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $84,802 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $937,497 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $157,230 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $304,191 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,280,897 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $2,993,035 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,991,182 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $652,159 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $837 |
| Net Land, buildings, and equipment | $44,993,729 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,262,261 |
| Total assets | $49,900,168 |
| Accounts payable and accrued expenses | $838,318 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $42,019,089 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,866,997 |
| Total liabilities | $45,724,404 |
| Net assets without donor restrictions | $4,175,764 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $49,900,168 |