Central Area Community Development Association
- Assets
- $913.8k
- Revenue
- $172.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Seattle, WA
- Founding
- 07/1994
- Data as of
- 12/2023
- EIN
- 91-1632440
Organization Overview
Central Area Community Development Association is located in Seattle, WA. The organization was established in 1994. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Central Area Community Development Association 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, Central Area Community Development Association generated $172.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (6.1%) each year. All expenses for the organization totaled $281.1k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (0.9%) per year over the past 6 years. 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
CADAS MISSION IS TO ENHANCE THE ECONOMIC VITALITY, AFFORDABILITY, AND LIVAILITY OF THE CENTRAL AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ASSET PROPERTY MANAGEMENT - ACTIVITES INCLUDE OWNERSHIP/OPERATION OF OF ONE APARTMENT BUILDING COMPRISING 20 UNITS
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.
COMMUNITY PROGRAMS - PROGRAMS THAT SUPPORT CENTRAL AREA RESIDENTS AND BUSINESSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rolanda Carriere Vice Presidnet | OfficerTrustee | 1 | $0 |
Eudora Carter Secretary | OfficerTrustee | 1 | $0 |
Tricia Baran Treasurer Controller | OfficerTrustee | 4 | $0 |
Charlottee Wingo Member | Trustee | 1 | $0 |
Godwin Gabriel President | Trustee | 1 | $0 |
Roberto Joudorn Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $36,347 |
| 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 | $36,347 |
| Total Program Service Revenue | $128,592 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $172,438 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $42,250 |
| Compensation of current officers, directors, key employees. | $8,450 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $8,449 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,406 |
| Payroll taxes | $4,313 |
| Fees for services: Management | $19,200 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,265 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $666 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $62,702 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $68,722 |
| Insurance | $22,117 |
| All other expenses | $0 |
| Total functional expenses | $281,142 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $24,384 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,069 |
| 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 | $5,291 |
| Net Land, buildings, and equipment | $783,226 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $95,849 |
| Total assets | $913,819 |
| Accounts payable and accrued expenses | $618,252 |
| Grants payable | $0 |
| Deferred revenue | $641 |
| 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 | $399,672 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $7,066 |
| Total liabilities | $1,025,631 |
| Net assets without donor restrictions | -$1,221,268 |
| Net assets with donor restrictions | $1,109,456 |
| 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 | $913,819 |