Community Development Transportation Lending Services
- Assets
- $5.2m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 5
- Location
- Washington, DC
- Founding
- 08/2000
- Data as of
- 06/2017
- EIN
- 51-0399907
Organization Overview
Community Development Transportation Lending Services is located in Washington, DC. The organization was established in 2000. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2017, Community Development Transportation Lending Services employed 5 individuals. Community Development Transportation Lending Services 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 06/2017, Community Development Transportation Lending Services generated $1.2m in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 50.6% each year . All expenses for the organization totaled $1.5m during the year ending 06/2017. 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
2017
Describe the Organization's Mission:
Part 3 - Line 1
LEND FUNDS TO COMMUNITY TRANS ORGS SERVING DISADV PEOPLE IN DISTRESSED URBAN & RURAL COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMUNITY ADVANTAGE LOAN PROGRAM (CALP): FUNDED BY CDTLS WHEREBY THE SMALL BUSINESS ADMINISTRATION (SBA) HAS GUARANTEED 75-85% OF THE REPAYMENT OF THE LOANS RECEIVABLES TO CDTLS.
SMARTWAY:SMARTWAY 1: FUNDED BY EPA AND DESIGNED TO PROVIDE ENVIRONMENTALLY CLEANER, MORE FUEL-EFFICIENT TRANSPORTATION OPTIONS. THIS PROGRAM OFFERS LOANS IN ORDER TO HELP SMALL TRUCKING FIRMS LOWER THEIR FUEL COSTS AND THEIR CARBON FOOTPRINT BY PURCHASING NEWER USED TRUCKS AND IDLING- AND EMISSIONS-REDUCTION TECHNOLOGIES. SMARTWAY 2: FUNDED BY EPA AND DESIGNED TO IMPROVE AIR QUALITY NATIONALLY BY REDUCING EMISSIONS FROM IN -USE DIESEL ENGINES. THIS PROJECT IMPLEMENTS AN INNOVATIVE FINANCING PROGRAM THAT WILL INCENTIVIZE BUYERS TO PURCHASE NEWER, CLEANER TRUCKS. THE PROJECT FOCUSES ON BUYERS OPERATING IN POOR AIR QUALITY AREAS, INCLUDING PORTS AND RAIL YARDS. FUNDS ARE USED TO REPLACE OLDER EXISTING VEHICLES WITH CLEANER, NEWER VEHICLES EQUIPPED WITH VERIFIED EMISSION CONTROL AND/OR IDLE REDUCTION TECHNOLOGIES.
INTERMEDIARY RELENDING PROGRAM (IRP): FUNDED BY USDA TO PROVIDE LOW INTEREST LOANS TO LOCAL INTERMEDIARIES THAT RE-LEND TO BUSINESS AND FOR COMMUNITY DEVELOPMENT PROJECTS IN RURAL COMMUNITIES.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert P Koska Chairman | OfficerTrustee | 3 | $0 |
David White Secretary | OfficerTrustee | 1 | $0 |
Barbara Cline Director | Trustee | 1 | $0 |
Jo Ann Hutchinson Director | Trustee | 1 | $0 |
William Mcdonald Director | Trustee | 1 | $0 |
Thomas Stier Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $78,658 |
| All other contributions, gifts, grants, and similar amounts not included above | $110,500 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $189,158 |
| Total Program Service Revenue | $950,256 |
| 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 | $1,161,650 |
| 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. | $50,135 |
| Compensation of current officers, directors, key employees. | $4,556 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $290,415 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $34,303 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $12,600 |
| Fees for services: Accounting | $26,753 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $104,903 |
| Advertising and promotion | $0 |
| Office expenses | $11,797 |
| Information technology | $43,486 |
| Royalties | $0 |
| Occupancy | $18,903 |
| Travel | $35,488 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,898 |
| Interest | $173,843 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $145,343 |
| Total functional expenses | $1,543,069 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $16,946 |
| Savings and temporary cash investments | $527,479 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $46,622 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $3,740,941 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $831,911 |
| Total assets | $5,163,899 |
| Accounts payable and accrued expenses | $281,828 |
| 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 | $3,887,481 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $288,008 |
| Total liabilities | $4,457,317 |
| Unrestricted restricted net Assets | -$1,684,679 |
| Temporarily restricted net Assets | $2,391,261 |
| Permanently restricted net Assets or current funds | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total net assets or fund balances | $706,582 |