Csdc Facilities Corporation
- Assets
- $44.0m
- Revenue
- $6.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Hanover, MD
- Founding
- 08/2003
- Data as of
- 12/2021
- 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 12/2021, Csdc Facilities Corporation generated $6.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.6% each year . All expenses for the organization totaled $7.1m during the year ending 12/2021. While expenses have increased by 18.6% per year over the past 7 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
2021
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 |
|---|---|---|---|
Tom Nida Outgoing Chair | OfficerTrustee | 2 | $0 |
Ember Reichgott Junge Vice Chair | OfficerTrustee | 2 | $0 |
Lanette Dailey-Reese Director & Officer | OfficerTrustee | 2 | $0 |
Jim Goenner Director & Officer | OfficerTrustee | 2 | $0 |
Michael Curran Incoming Chair | OfficerTrustee | 2 | $0 |
Al Dubin President/ceo | Officer | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
North Shore Construction & Development Construction | 12/30/21 | $445,910 |
Tensquare Llc Consulting | 12/30/21 | $146,921 |
Rp Valois & Company General Contractor Services For Project | 12/30/21 | $1,579,916 |
Mirick O'connell Demallie & Lougee Legal | 12/30/21 | $136,909 |
Bouma Usa Management Llc General Contractor Services For Project | 12/30/21 | $1,736,914 |
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 | $35,701 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $35,701 |
| Total Program Service Revenue | $4,961,730 |
| Investment income | $600 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,092,690 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,090,721 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,500,000 |
| 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 | $204,418 |
| 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 | $146,922 |
| Advertising and promotion | $0 |
| Office expenses | $50 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $82,787 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,124,606 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,365,484 |
| Insurance | $149,955 |
| All other expenses | $0 |
| Total functional expenses | $7,053,187 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,808,570 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $112,703 |
| 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 | $44,736 |
| Net Land, buildings, and equipment | $40,728,218 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,257,399 |
| Total assets | $43,951,626 |
| Accounts payable and accrued expenses | $643,026 |
| 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 | $38,431,747 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,069,858 |
| Total liabilities | $41,144,631 |
| Net assets without donor restrictions | $2,806,995 |
| 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 | $43,951,626 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Education Forward Dc Washington, DC | $28,133,967 | $25,991,844 |
Sruf Campus Housing Inc Slippery Rock, PA | $97,548,572 | $13,162,119 |
Mason Korea Llc Fairfax, VA | $8,225,008 | $12,324,735 |
Virginia Tech Real Estate Fdn Blacksburg, VA | $231,612,607 | $16,876,838 |
Building Hope Real Estate Washington, DC | $105,552,493 | $11,148,900 |
Charter School Incubator Initiative Washington, DC | $37,834,831 | $8,281,364 |
Council For Opportunity In Education Washington, DC | $3,201,325 | $8,308,398 |
Alliance For Academic Internal Medicine Inc Alexandria, VA | $13,744,999 | $6,917,370 |
Csdc Facilities Corporation Hanover, MD | $43,951,626 | $6,090,721 |
Citybridge Education Washington, DC | $3,430,657 | $5,924,866 |
Teaching Lab Washington, DC | $4,789,641 | $8,596,594 |
Association Of Theological Schools Pittsburgh, PA | $47,043,534 | $8,843,777 |