Csdc Property Corporation
- Assets
- $90.2m
- Revenue
- $8.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Hanover, MD
- Founding
- 01/2011
- Data as of
- 12/2023
- EIN
- 27-2503955
Organization Overview
Csdc Property Corporation is located in Hanover, MD. The organization was established in 2011. According to its NTEE Classification (B99) the organization is classified as: Education 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 Property Corporation is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2023, Csdc Property Corporation generated $8.3m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 7.0% each year. All expenses for the organization totaled $8.3m during the year ending 12/2023. While expenses have increased by 5.4% 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
PROVIDING REAL ESTATE DEVELOPMENT SERVICES TO PUBLIC CHARTER SCHOOLS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING REAL ESTATE DEVELOPMENT SERVICES TO PUBLIC CHARTER SCHOOLS.
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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 |
Jay Hromatka Director | Trustee | 2 | $0 |
Tom Nida Director | Trustee | 2 | $0 |
Joseph Keeney Director | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Aries Building Systems Llc Construction | 12/30/23 | $986,467 |
Hope Public Adjusters Construction | 12/30/23 | $689,349 |
Jorge Gonzales Architecture Design Studi Construction | 12/30/23 | $169,459 |
Jmj Construction And Design Llc Construction | 12/30/23 | $162,908 |
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 | $6,465,770 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,796,511 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,262,281 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,889,050 |
| 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 | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,657 |
| 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 | $15,000 |
| Advertising and promotion | $0 |
| Office expenses | $2,082 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $183,700 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,864,908 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,221,140 |
| Insurance | $76,403 |
| All other expenses | $0 |
| Total functional expenses | $8,280,492 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,719,724 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $616,883 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $100,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $56,175,529 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $29,585,794 |
| Total assets | $90,197,930 |
| Accounts payable and accrued expenses | $2,691,245 |
| Grants payable | $0 |
| Deferred revenue | $1,020,445 |
| 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 | $78,878,110 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $3,374,469 |
| Total liabilities | $85,964,269 |
| Net assets without donor restrictions | $4,233,661 |
| 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 | $90,197,930 |
Grants Awarded
Over the last fiscal year, Csdc Property Corporation has awarded $900,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
CHARTER SCHOOLS DEVELOPMENT CORPORATION PURPOSE: GENERAL OPERATIONS | $870,000 |
PROMESA ACADEMY PURPOSE: GENERAL OPERATIONS | $30,000 |