2015-10-21T17:29:47-05:00 2014-12-31 208019714 JDS PROFESSIONAL GROUP 10303 E DRY CREEK RD STE 400 ENGLEWOOD CO 80112 990 2014-01-01 453064996 COMMUNITY ENTERPRISE DEVELOPMENT COMM 3035698165 1450 S HAVANA STREET SUITE 504 AURORA CO 80012 PAUL STEIN INTERIM EXECUTIVE DIRECTOR 3035698165 2015-10-21 true LORI B BAUER CPA P01260252 3037710123 2015-10-21 2014 2016-02-25 16:41:14Z SISAY TEKLU 1450 HAVANA ST SUITE 504 AURORA CO 80012 813708 false X WWW.CEDSFINANCE.ORG X 2011 CO OUR MISSION IS TO ASSIST REFUGEES/ASYLEES ATTAIN ECONOMIC SELF-SUFFICIENCY THROUGH ASSETS OWNERSHIP, BUSINESS OWNERSHIP AND FINANCIAL LITERACY SERVICES. 5 5 7 5 0 545513 782299 15464 25173 44 0 106 6236 561127 813708 0 0 280495 316163 0 0 57826 227514 338321 543677 222806 270031 487136 863422 16910 123165 470226 740257 X OUR MISSION IS TO ASSIST REFUGEES/ASYLEES ATTAIN ECONOMIC SELF-SUFFICIENCY THROUGH ASSETS OWNERSHIP, BUSINESS OWNERSHIP AND FINANCIAL LITERACY SERVICES. false false 418429 25173 MICRO ENTERPRISE DEVELOPMENT CLOSED 21 LOANS, DISBURSED 291,000 GENERATED INCOME 19,136 FROM INTEREST, FEES, ETC CREATED/MAINTAINED 33 EMPLOYMENT OPPORTUNITIES MAINTAINED 100% LOAN REPAYMENT USED DOWNHOME SOLUTIONS SOFTWARE TO MANAGE LOAN FUND, LOAN REPAYMENTS LOAN OUTSTANDING AND TO RECORD CLIENT'S DEMOGRAPHIC BACKGROUND. ENROLLED WITH CREDIT BUILDERS ALLIANCE TO REPORT BORROWERS' MONTHLY LOAN REPAYMENT IN ORDER TO BUILD/ESTABLISH CREDIT HISTORY. INDIVIDUAL DEVELOPMENT ACCOUNT THERE WERE 39 IDA CLIENTS TRANSFERRED TO THE FY2014. 29 CLIENTS HAVE EXISTED AND NOW WE ARE LEFT WITH 10 ACTIVE CLIENTS. ENROLLED 70 CLIENTS TO BUY 8 HOMES, ESTABLISH 23 BUSINESSES, OWN 35 VEHICLES TO PROMOTE EMPLOYMENT AND PROMOTE 4 EDUCATION OPPORTUNITIES. OUT OF THIS NUMBER 24 ASSETS WERE PURCHASED AND OWNED. MOBILIZED 159,000 AMOUNT OF MONEY FOR ASSET DEVELOPMENT AND ECONOMIC SELF-SUFFICIENCY IN THE FORM CLIENTS' SAVING AND 159,000 PROGRAM MATCHING FUND. AS A RESULT OF THE BUSINESS ESTABLISHMENT, VEHICLE OWNERSHIP AND EDUCATION OPPORTUNITIES 53 JOBS WERE CREATED/RETAINED. FINANCIAL EDUCATION (THE IDA AND OTHER FINANCIAL EDUCATION TRAINING) MORE THAN 120 CLIENTS (PER YEAR) ATTENDED VARIOUS FINANCIAL EDUCATION (EMPOWERMENT) SESSIONS AT DIFFERENT TIMES OF THE YEAR. TOPICS LIKE BUDGETING AND INCOME MANAGEMENT, BANK BANKS AND ACCOUNT MANAGEMENT, CREDIT AND CREDIT BUILDING, SAVING AND INVESTMENT, TAX, ETC WERE INSTRUMENTAL TO SUPPORT CLIENTS MAKE INFORMED FINANCIAL DECISION MAKING. TOOK 64 INTAKES, ENROLLED 22, AND CREATED 2 PART TIME JOBS, STILL WORKING ON LICENSING REFUGEE HOME BASED CHILDCARE OWNERS. PROVIDED 762 TA HOURS AND VARIOUS TRAININGS NECESSARY TO GET APPROVAL FROM THE STATE AND TO MANAGE THE DAY TO DAY BUSINESS OPERATIONS. 418429 true true false false false false false false false false true false false false false true true false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false true 0 0 7 true false false false false false false false false false false X 5 5 false false false false false false false true true false false true true true true false true true true false CO X X THE ORGANIZATION 3035698165 1450 S HAVANA ST SUITE 504 AURORA CO 80012 PAUL STEIN CHAIR 1.00 X X 0 0 0 MAXIME EDJA TREASURER 1.00 X X 0 0 0 BEN TURNER DIRECTOR 1.00 X 0 0 0 DOUG VILSACK DIRECTOR 1.00 X 0 0 0 CANDACE A RUIZ DIRECTOR 1.00 X 0 0 0 SISAY TEKLU EXECUTIVE DI 40.00 X 87696 0 7490 87696 7490 false false false 754674 27625 782299 MICRO LOAN INTEREST 18298 18298 PROGRAM FEES 6875 6875 25173 OTHER INCOME 6236 6236 6236 813708 31409 95186 64726 30460 177608 120773 56835 3351 2279 1072 18835 12807 6028 21183 14404 6779 7358 7358 6276 4767 1509 5901 3979 1922 8442 5740 2702 25644 17438 8206 8196 8196 1752 1752 1212 824 388 4390 2985 1405 IDA EXPENSES 125751 125751 HBCB PROGRAM PURCHASES 24988 24988 EVENT FOOD & REFRESHMENTS 2028 2028 MEMBERSHIP & DUES 1350 1350 4226 3642 584 543677 418429 125248 0 114973 401991 84451 62627 44830 12945 237273 380255 8237 2633 5609 5604 487136 863422 16910 20874 102291 16910 123165 X 470226 740257 470226 740257 487136 863422 270031 X false true X true true true X 506036 545513 782299 1833848 506036 545513 782299 1833848 1833848 33 44 77 74 106 6236 6416 1840341 47810 0.99650 0.99980 X PART II, LINE 10 OTHER REVENUE 6,416 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 8237 2633 5604 5604 X 813708 813708 813708 543677 543677 543677 SCHEDULE D, PAGE 3, PART X THE ORGANIZATION FOLLOWS ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, WHICH CLARIFIES THE ACCOUNTING AND REPORTING FOR UNCERTAINTIES IN INCOME TAX LAW. THE STANDARD PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A IMPACT OF THE TAX POSITION IF THAT POSITION WILL MORE LIKELY THAN NOT BE SUSTAINED ON AUDIT, BASED ON THE TECHNICAL MERITS OF THE POSITION. THE STANDARD ALSO PROVIDES GUIDANCE RELATED TO DE-RECOGNITION, CLASSIFICATION, AND INTEREST AND PENALTIES. DURING THE YEAR ENDED DECEMBER 31, 2014, THE ORGANIZATION PERFORMED AN EVALUATION OF UNCERTAIN TAX POSITIONS AND DID NOT NOTE ANY MATTERS THAT WOULD REQUIRE RECOGNITION OR WHICH MAY HAVE AN AFFECT ON ITS TAX-EXEMPT STATUS. FORM 990, PAGE 2, PART III, LINE 4A INDIVIDUAL DEVELOPMENT ACCOUNT THERE WERE 39 IDA CLIENTS TRANSFERRED TO THE FY2014. 29 CLIENTS HAVE EXISTED AND NOW WE ARE LEFT WITH 10 ACTIVE CLIENTS. ENROLLED 70 CLIENTS TO BUY 8 HOMES, ESTABLISH 23 BUSINESSES, OWN 35 VEHICLES TO PROMOTE EMPLOYMENT AND PROMOTE 4 EDUCATION OPPORTUNITIES. OUT OF THIS NUMBER 24 ASSETS WERE PURCHASED AND OWNED. MOBILIZED 159,000 AMOUNT OF MONEY FOR ASSET DEVELOPMENT AND ECONOMIC SELF-SUFFICIENCY IN THE FORM CLIENTS' SAVING AND 159,000 PROGRAM MATCHING FUND. AS A RESULT OF THE BUSINESS ESTABLISHMENT, VEHICLE OWNERSHIP AND EDUCATION OPPORTUNITIES 53 JOBS WERE CREATED/RETAINED. FINANCIAL EDUCATION (THE IDA AND OTHER FINANCIAL EDUCATION TRAINING) MORE THAN 120 CLIENTS (PER YEAR) ATTENDED VARIOUS FINANCIAL EDUCATION (EMPOWERMENT) SESSIONS AT DIFFERENT TIMES OF THE YEAR. TOPICS LIKE BUDGETING AND INCOME MANAGEMENT, BANK BANKS AND ACCOUNT MANAGEMENT, CREDIT AND CREDIT BUILDING, SAVING AND INVESTMENT, TAX, ETC WERE INSTRUMENTAL TO SUPPORT CLIENTS MAKE INFORMED FINANCIAL DECISION MAKING. TOOK 64 INTAKES, ENROLLED 22, AND CREATED 2 PART TIME JOBS, STILL WORKING ON LICENSING REFUGEE HOME BASED CHILDCARE OWNERS. PROVIDED 762 TA HOURS AND VARIOUS TRAININGS NECESSARY TO GET APPROVAL FROM THE STATE AND TO MANAGE THE DAY TO DAY BUSINESS OPERATIONS. FORM 990, PAGE 6, PART VI, LINE 11B THE 990 IS REVIEWED BY THE EXECUTIVE DIRECTOR AND THEN PRESENTED AT THE MEETING OF THE BOARD OF DIRECTORS BEFORE FILING. FORM 990, PAGE 6, PART VI, LINE 12C OFFICERS ARE EXPECTED TO TAKE INITIATIVES TO SHOW CONFLICT OF INTEREST AND OTHER MEMBERS ALSO TO INDICATE POSSIBLE AREAS OF CONFLICT OF INTEREST. FORM 990, PAGE 6, PART VI, LINE 15A THE BOARD OF DIRECTORS DETERMINES THE EXECUTIVE DIRECTOR'S SALARY. FORM 990, PAGE 6, PART VI, LINE 15B COMPENSATION IS INITIATED BY THE EXECUTIVE DIRECTOR AND APPROVED BY THE BOARD OF DIRECTORS. FORM 990, PAGE 6, PART VI, LINE 19 WE MAKE SURE OUR GOVERNING DOCUMENTS ARE AVAILABLE FOR ANYONE INTERESTED TO LOOK AT OUR OFFICE, WEBSITE AND OTHER APPROPRIATE PUBLIC AGENCIES.