2016-11-11T12:37:07-06:00 2015-12-31 541487262 MATTHEWS CARTER & BOYCE 11320 RANDOM HILLS ROAD SUITE 600 FAIRFAX VA 22030 990 2015-01-01 522063496 CHARTER SCHOOLS DEVELOPMENT CORPORATION CHAR 4435611280 6731 COLUMBIA GATEWAY DRIVE NO 220 COLUMBIA MD 21046 MICHELLE LIBERATI EXECUTIVE VICE PRESIDENT 4435611280 2016-11-11 1 KATHLEEN M FLAHERTY P00969957 7032183600 2015 2017-02-10 21:41:12Z AL DUBIN 6731 COLUMBIA GATEWAY DRIVE NO 220 COLUMBIA MD 21046 16424587 0 X WWW.CSDC.ORG X 1997 DC FINANCING AND BUILDING GREAT PUBLIC CHARTER SCHOOLS. 6 4 11 0 0 0 220159 2311142 4363438 4385332 44517 1570920 0 0 4628114 8267394 0 0 0 0 1298917 1745451 0 0 0 4009161 4344155 5308078 6089606 -679964 2177788 75390040 76598627 43082142 42087941 32307898 34510686 CSDC IS A COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION (CDFI) ESTABLISHED TO ASSIST PUBLIC CHARTER SCHOOLS IN THE ACQUISITION AND FINANCING OF EDUCATIONAL FACILITIES AND RELATED CAPITAL IMPROVEMENTS. 0 0 4098676 5809600 PROVIDING LOANS, CREDIT ENHANCEMENTS, FINANCING GUARANTEES, FACILITY DEVELOPMENT AND MANAGEMENT SUPPORT TO CHARTER SCHOOLS. 4098676 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 1 0 0 0 1 30 0 1 11 1 0 0 0 0 0 0 0 0 0 0 X 6 4 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 1 0 0 MD X MICHELLE LIBERATI 4435611280 6731 COLUMBIA GATEWAY DRIVE NO 220 COLUMBIA MD 21046 TOM NIDA CHAIRMAN/TREASURER 1.00 2.00 X X 1900 0 0 EMBER REICHGOTT JUNGE VICE CHAIRMAN/SECRETARY 1.00 2.00 X X 1900 0 0 JIM GOENNER DIRECTOR 1.00 2.00 X 1775 0 0 JAY HROMATKA DIRECTOR 1.00 1.00 X 1900 0 0 GREG MCKENNA DIRECTOR 1.00 1.00 X 250 0 0 MICHAEL CURRAN DIRECTOR 1.00 1.00 X 1525 0 0 MICHELLE LIBERATI EXEC. VICE PRES/ ASST SEC' 40.00 1.00 X 224133 0 22283 REBECCA SECREST VICE PRESIDENT 40.00 1.00 X 162600 0 24163 AL DUBIN PRESIDENT/CEO 40.00 1.00 X 417415 0 6539 LAURA FIEMANN VICE PRESIDENT 40.00 1.00 X 248583 0 26663 MARK ZEIZEL ASSISTANT VICE PRESIDENT 40.00 1.00 X 142161 0 14868 1204142 0 94516 5 0 1 0 MEYER NAJEM CONSTRUCTION 11787 LANTERN ROAD SUITE 100 FISHERS IN 46038 CONSTRUCTION MANAGEMENT 854131 AXIOM CONSTRUCTION SERVICES GROUP LLC 10638 RUSHTON ROAD SOUTH LYON MI 48178 CONSTRUCTION MANAGEMENT 701097 METRO CONSTRUCTION LLC 1936 VANDERHORN DR MEMPHIS TN 38134 CONSTRUCTION MANAGEMENT 273921 TENSQUARE LLC 818 CONNECTICUT AVE NW STE 1009 WASHINGTON DC 20006 PROJECT MANAGEMENT 208362 4 2111142 200000 2311142 RENTAL INCOME 900099 3198558 3198558 INTEREST INCOME - CDFI 900099 698916 698916 DEVELOPER'S FEES 900099 476158 476158 CREDIT ENHANCEMENT FEE 900099 190 190 11510 11510 4385332 78313 78313 9649800 8157193 1492607 1492607 1492607 8267394 5877939 0 78313 1298658 446877 851781 303312 108326 194986 7120 2468 4652 65637 23321 42316 70724 24753 45971 25432 20346 5086 223324 178659 44665 285183 126782 158401 1432 501 931 60082 24351 35731 58370 20429 37941 626414 196071 430343 125923 90082 35841 11845 4146 7699 1669684 1669684 688113 681232 6881 76787 26875 49912 LOSS-SURREND. ENHANCE. 300000 300000 CAPITAL ALLOWANCE EXPEN 131172 131172 MISCELLANEOUS 45866 17516 28350 OTHER FEES 14528 5085 9443 6089606 4098676 1990930 0 22228152 21897734 13018074 14453457 254678 125145 10353972 7460670 28795 145410 30358837 2788833 24697630 27570004 211756 391764 4596983 4554443 75390040 76598627 256577 850879 152604 109684 40298038 40052071 2109915 752231 265008 323076 43082142 42087941 X 3472589 5475472 28835309 29035214 32307898 34510686 75390040 76598627 2177788 25000 0 X X 0 1 X 1 1 1 X 216525 607797 5000 220159 2111142 3160623 7467446 4139222 999430 4363438 4463645 21433181 7683971 4747019 1004430 4583597 6574787 24593804 216525 604797 20159 2111142 2952623 0 216525 604797 20159 2111142 2952623 21641181 201531 118279 24051 -34856 146652 455657 201531 118279 24051 -34856 146652 455657 182134 1999 184133 8067636 4867297 1028481 4548741 6721439 25233594 0.85760 0.01810 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2185300 2185300 27980912 2788833 25192079 192625 192625 27570004 INTERCOMPANY RECEIVABLES 3418816 ENHANCEMENT RECOVERIES RECEIVABLE 105500 ACCRUED INTEREST RECEIVABLE 67358 DEPOSITS 113902 PROJECT MANAGEMENT FEES RECEIVABLE 848867 4554443 SECURITY DEPOSITS HELD 323076 323076 X PART X, LINE 2: FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) ACCOUNTING STANDARDS CODIFICATION (ASC) 740-10 REQUIRES CHANGES IN RECOGNITION AND MEASUREMENT FOR UNCERTAIN TAX POSITIONS. THE CORPORATION HAS DETERMINED THAT IT DOES NOT HAVE ANY TAX POSITIONS THAT IS CONSIDERS TO BE UNCERTAIN. IF THIS POSITION CHANGES, THE CORPORATION WILL ASSESS THE IMPACT OF ANY SUCH MATTERS ON ITS FINANCIAL POSITION AND RESULTS OF OPERATIONS. 1 X X 0 0 0 0 0 0 0 0 0 MICHELLE LIBERATI EXEC. VICE PRES/ ASST SEC' 164000 0 60133 0 0 0 4373 0 17910 0 246416 0 0 0 REBECCA SECREST VICE PRESIDENT 120000 0 42600 0 0 0 4800 0 19363 0 186763 0 0 0 AL DUBIN PRESIDENT/CEO 275000 0 142415 0 0 0 6539 0 0 0 423954 0 0 0 LAURA FIEMANN VICE PRESIDENT 190000 0 58583 0 0 0 4592 0 22071 0 275246 0 0 0 MARK ZEIZEL ASSISTANT VICE PRESIDENT 110775 0 31386 0 0 0 4431 0 10437 0 157029 0 0 0 A CITY OF FALCON HEIGHTS MINNESOTA 416007644 2013-09-30 3109000 ACQUISITION, IMPROVEMENT AND RENOVATION OF CHARTER SCHOOL FACILITIES 0 0 0 B CITY OF FALCON HEIGHTS MINNESOTA 416007644 2013-09-30 4550000 ACQUISITION, IMPROVEMENT AND RENOVATION OF CHARTER SCHOOL FACILITIES 0 0 0 A 3109000 0 0 0 1 B 4550000 0 0 0 1 A 0 0 0 0 0 0 0 B 0 0 0 0 0 0 0 A 0 1 0 0 1 0 0 0 0 B 0 1 0 0 1 0 0 0 0 A 0 B 0 TENSQUARE LLC FORMER EMPLOYEE HAS AN OWNERSHIP INTEREST 208362 ENTITY PROVIDES DEVELOPMENT CONSULTING ON SOME OF OUR DEVELOPMENT PROJECTS. 0 FORM 990, PART VI, SECTION B, LINE 11 THE PRESIDENT/CEO AND THE EXECUTIVE VICE PRESIDENT BOTH REVIEW AND APPROVE THE FORM 990 BEFORE IT IS FILED. A COPY OF THE FILED FORM 990 IS PROVIDED TO ALL BOARD MEMBERS. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION'S CONFLICT OF INTEREST POLICY FOR STAFF, OFFICERS AND BOARD OF DIRECTORS ARE SET FORTH IN ITS BYLAWS AND EMPLOYEE HANDBOOK. STAFF, OFFICERS AND BOARD OF DIRECTORS ARE REQUIRED TO REPORT ANY CONFLICT OF INTEREST. THE EXECUTIVE VICE PRESIDENT MAINTAINS A FILE OF ALL SUCH WRITTEN REPORTS. FORM 990, PART VI, SECTION B, LINE 15A THE PROCESS FOR DETERMINING THE COMPENSATION FOR THE PRESIDENT/CEO, OTHER MANAGEMENT PERSONNEL AND KEY EMPLOYEES INCLUDES AN ANALYSIS OF COMPARABLE DATA FOR SIMILAR SIZED NON-PROFIT ORGANIZATIONS WORKING IN THE SAME GENERAL FIELD OBTAINED VIA A SALARY SURVEY OF WASHINGTON, D.C. BASED NONPROFITS AND A PUBLIC RECORDS SEARCH OF FORM 990S. COMPENSATION OF EXECUTIVE STAFF IS DETERMINED BASED ON THIS COMPARABLE DATA, PREVIOUS LEVEL OF APPLICABLE WORK EXPERIENCE AND ANNUAL PERFORMANCE REVIEWS. ONLY THE PRESIDENT AND CEO'S COMPENSATION IS SUBJECT TO BOARD APPROVAL. FORM 990, PART VI, SECTION C, LINE 19 AT ITS OFFICES, THE ORGANIZATION KEEPS COPIES OF ITS GOVERNING DOCUMENTS AND FORMS 990 AVAILABLE FOR PUBLIC INSPECTION UPON WRITTEN REQUEST. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. FORM 990, SCHEDULE K, PART III, LINE 9 THE ORGANIZATION ADOPTED WRITTEN PROCEDURES TO ENSURE THAT ALL NON-QUALFIED USE OF THE BONDS OF THE ISSUE ARE REMEDIATED IN ACCORDANCE WITH THE REQUIREMENTS UNDER REGULATION SECTIONS 1.141-12 AND 1.145-2. FORM 990, SCHEDULE K, PART V THE ORGANIZATION ADOPTED WRITTEN PROCEDURES TO ENSURE THAT ALL NON-QUALFIED USE OF THE BONDS OF THE ISSUE ARE REMEDIATED IN ACCORDANCE WITH THE REQUIREMENTS UNDER REGULATION SECTIONS 1.141-12 AND 1.145-2. CHARTER FS LLC 25600 WOODWARD AVENUE SUITE 106 ROYAL OAK MI 48067 680617628 REAL ESTATE AND LOAN FINANCING MI 0 0 CHARTER SCHOOLS DEVELOPMENT CORPORATION CSDC PROPERTY HOLDINGS LLC 6731 COLUMBIA GATEWAY DRIVE SUITE 2 COLUMBIA MD 21046 800440584 REAL ESTATE AND LOAN FINANCING DE 0 0 CHARTER SCHOOLS DEVELOPMENT CORPORATION CSDC DISCOVERY LLC 6731 COLUMBIA GATEWAY DRIVE SUITE 2 COLUMBIA MD 21046 800511216 REAL ESTATE AND LOAN FINANCING DE 864991 0 CHARTER SCHOOLS DEVELOPMENT CORPORATION CSDC PARAMOUNT LLC 6731 COLUMBIA GATEWAY DRIVE SUITE 2 COLUMBIA MD 21046 800511205 REAL ESTATE AND LOAN FINANCING DE 1000 0 CHARTER SCHOOLS DEVELOPMENT CORPORATION CSDC PIEDMONT LLC 6731 COLUMBIA GATEWAY DRIVE SUITE 2 COLUMBIA MD 21046 800511223 REAL ESTATE AND LOAN FINANCING DE 0 0 CHARTER SCHOOLS DEVELOPMENT CORPORATION CSDC ADAMS LLC 6731 COLUMBIA GATEWAY DRIVE SUITE 2 COLUMBIA MD 21046 800574054 REAL ESTATE AND LOAN FINANCING DE 0 0 CHARTER SCHOOLS DEVELOPMENT CORPORATION CSDC FACILITIES CORPORATION 6731 COLUMBIA GATEWAY DRIVE SUITE 2 COLUMBIA MD 21046 300142162 SUPPORTING ORGANIZATION DC 501(C)(3) 509(A)(3) CHARTER SCHOOLS DEVELOPMENT CORPORATION 0 CSDC PROPERTY CORPORATION 6731 COLUMBIA GATEWAY DRIVE SUITE 2 COLUMBIA MD 21046 272503955 FOSTER THE COMMON GOOD AND GENERAL WELFARE OF THE AMERICAN PUBLIC DE 501(C)(4) CHARTER SCHOOLS DEVELOPMENT CORPORATION 0 CSDC NEW MARKETS FUND LLC 6731 COLUMBIA GATEWAY DRIVE SUITE 2 COLUMBIA MD 21046 141914473 INVESTMENTS/ REAL ESTATE DE CHARTER SCHOOLS DEVELOPMENT CORPORATION RELATED 10510 -3758 0 0 0.51000 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 CSDC PROPERTY CORP C 143129 CASH