2025-03-04T08:15:03-08:00 2024-09-30 260701023 Olson Reyes & Sauerwein LLC 5161 E Arapahoe Road Suite 100 Centennial CO 80122 990 2023-10-01 453064996 COMMUNITY ENTERPRISE DEVELOPMENT SERVICES COMM 3035698165 10660 EAST COLFAX AVE SUITE B AURORA CO 80010 ALEXANDRIA WISE Executive Director 2025-03-03 true true DEREK WATADA P01751412 3038895981 2023 2025-03-06 01:10:19Z ALEXANDRIA WISE 10660 EAST COLFAX AVE SUITE B AURORA CO 80010 3346729 false X WWW.CEDSFINANCE.ORG X 2011 CO COMMUNITY ENTERPRISE DEVELOPMENT SERVICES' MISSION IS TO SUPPORT THE AMERICAN DREAM OF FINANCIAL SELF-SUFFICIENCY, BY ASSISTING REFUGEES, IMMIGRANTS, AND THOSE FROM UNDERSERVED COMMUNITIES IN METRO DENVER WHO DESIRE TO OWN OR STRENGTHEN BUSINESSES, DEVELOP ASSETS, AND EMPOWER THEMSELVES FINANCIALLY. 13 13 20 20 0 2310984 2825983 263233 315234 83533 205512 -16600 -526 2641150 3346203 58732 361750 0 1344504 1743440 0 221992 974097 782364 2377333 2887554 263817 458649 11399395 12247897 7104866 7494719 4294529 4753178 COMMUNITY ENTERPRISE DEVELOPMENT SERVICES' MISSION IS TO SUPPORT THE AMERICAN DREAM OF FINANCIAL SELF-SUFFICIENCY, BY ASSISTING REFUGEES, IMMIGRANTS, AND THOSE FROM UNDERSERVED COMMUNITIES IN METRO DENVER WHO DESIRE TO OWN OR STRENGTHEN BUSINESSES, DEVELOP ASSETS, AND EMPOWER THEMSELVES FINANCIALLY. false false 2278367 361750 315234 AS PART OF THE MICRO-ENTERPRISE (MED) PROGRAM, THE ORGANIZATION IS ENGAGED TO PROMOTE BUSINESS AND SELF-EMPLOYMENT AMOND UNDERSERVED DENVER METRO RESIDENTS WITH A PARTICULAR CONCENTRATION ON REFUGEES AND IMMIGRANTS AND THOSE FROM UNDERSERVED COMMUNITIES. MED LOAN AMOUNTS RANGE FROM $100 TO $50,000, WITH TERMS OF UP TO FIVE YEARS. MED LOANS CAN BE COLLATERALIZED BY ANY ASSETS OF THE BORROWER. ALL LOANS ARE SECURED BY SOME FORM OF COLLATERAL. INTEREST RATES ON THE LOANS ARE BASED ON A VARIETY OF RISK FACTORS AND THE PRIME RATE AND RANGE FROM 7.75% TO 10.25%. MED LOAN PAYMENTS ARE DUE TO THE ORGANIZATION ON THE 15TH DAY OF EACH MONTH. A LATE FEE OF 5% IS ASSESSED IF LOAN PAYMENTS ARE ELEVEN OR MORE DAYS LATE. IF A MICRO-ENTERPRISE LOAN IS DEEMED TO BE IN DEFAULT, A BORROWER MAY BE ASKED TO VOLUNTARILY SURRENDER THE PLEDGED COLLATORAL. 2278367 true true false false false false false false false false true false false true true true true false false false false false false false true false false false true true false false false false false false false false false false false false false false false false false true 21 0 true 20 true false false false false false false false 0 false false false false false false false X 13 13 false false false false false false false true true false false true true true true false true true true false CO X X X THE ORGANIZATION 3035698165 10660 EAST COLFAX AVE SUITE B AURORA CO 80010 ALEXANDRIA WISE Executive Dir. 40.00 0.00 X 166781 0 13227 JONALYN DENLINGER BOARD CHAIR 1.00 0.00 X X 0 0 0 JOSH PEEBLES Treasurer 1.00 0.00 X X 0 0 0 PATRICK HORVATH VICE CHAIR 1.00 0.00 X X 0 0 0 NICOLE CARNER Secretary 1.00 0.00 X X 0 0 0 KAROL JONES Director 1.00 0.00 X 0 0 0 JEREMY HARKEY Director 1.00 0.00 X 0 0 0 TRICIA ALLEN Director 1.00 0.00 X 0 0 0 JORGE ABURTO Director 1.00 0.00 X 0 0 0 WILLIAM HUNTER RAILEY Director 1.00 0.00 X 0 0 0 SARAH MONTGOMERY Director 1.00 0.00 X 0 0 0 JOHN PALYO Director 1.00 0.00 X 0 0 0 ARLENE DELGADO Director 1.00 0.00 X 0 0 0 TIMOTHY FLOYD Director 1.00 0.00 X 0 0 0 166781 13227 1 false true false 0 31026 2194810 600147 3806 2825983 MICRO LOAN INTEREST 525990 237740 237740 PROGRAM SERVICE FEES 525990 77494 77494 315234 205512 205512 0 0 0 0 31026 526 -526 -526 0 0 0 3346203 315234 204986 0 361750 361750 0 0 194428 145821 29164 19443 0 1279275 959456 184523 135296 48082 36062 7212 4808 100173 75129 14285 10759 121482 91111 17615 12756 0 450 450 47670 47670 0 0 0 286778 267926 3619 15233 22748 22748 99275 51612 44870 2793 33945 33945 0 164179 123134 23806 17239 16666 16666 0 0 8867 8867 0 30469 22852 4418 3199 29245 20325 8920 PROGRAM EXPENSES 24522 24522 BAD DEBT 13113 13113 DUES AND MEMBERSHIPS 4437 3328 643 466 0 2887554 2278367 387195 221992 2433399 1581017 4694068 4512940 672409 822501 0 0 0 2466858 4319625 0 32241 20474 167422 38034 82464 129388 0 0 0 0 1017956 861952 11399395 12247897 173669 163077 4434105 5968474 2497092 1363168 7104866 7494719 X 2464858 3307359 1829671 1445819 4294529 4753178 11399395 12247897 458649 X false true X true true true X 1107535 2269188 1815871 2310984 2825983 10329561 0 0 1107535 2269188 1815871 2310984 2825983 10329561 87591 10241970 305 382 857 83533 205512 290589 0 309 309 10620459 0.96440 0.84070 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 71801 12762 59039 41883 13569 28314 53738 11703 42035 129388 RIGHT OF USE ASSET 861952 861952 LEASE LIABILITY 863168 rEFUNDABLE ADVANCES 500000 1363168 X 3346203 3346203 3346203 2887554 2887554 2887554 Part X : FIN48 Footnote THE ORGANIZATION IS A NONPROFIT CORPORATION AND IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. CONTRIBUTIONS TO THE ORGANIZATION QUALIFY FOR THE CHARITABLE CONTRIBUTION DEDUCTION UNDER SECTION 170(B)(1)(A), AND COMMUNITY ENTERPRISE DEVELOPMENT SERVICES HAS BEEN CLASSIFIED AS AN ORGANIZATION THAT IS NOT A PRIVATE FOUNDATION UNDER SECTION 509(A). THE ORGANIZATION APPLIES A MORE-LIKELY-THAN-NOT MEASUREMENT METHODOLOGY TO REFLECT THE FINANCIAL STATEMENT IMPACT OF UNCERTAIN TAX POSITIONS TAKEN OR EXPECTEDTO BE TAKEN IN A TAX RETURN. AFTER EVALUATING THE TAX POSITIONS TAKEN, NONE ARE CONSIDERED TO BE UNCERTAIN; THEREFORE, NO AMOUNTS HAVE BEEN RECOGNIZED AS OF YEAR END. false SPECIAL EVENTS 31026 31026 526 31026 31026 526 526 -526 true 0 0 MICRO BUSINESS LOAN 83 361750 Grantmaker's Description of How Grants are Used THE ORGANIZATION GRANTS TO SMALL BUSINESS OWNERS ACCORDING TO ELIBILITY REQUIREMENTS, AND IT DOES NOT MONITOR THE USE OF THE GRANT FUNDS AFTERWARDS. false false false false false false false false false ALEXANDRIA WISE Executive Dir. 166781 6240 6987 180008 Form 990, Part VI, Section B, 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, Part VI, Section B, Line 12c THE CONFLICT OF INTEREST REVIEW FORM IS INCLUDED IN BOARD MEMBER APPLICATIONS AND EMPLOYEE ONBOARDING AND THE FORM WILL BE RE-FILLED OUT ANNUALLY. Form 990, Part VI, Section B, Line 15a THE BOARD OF DIRECTORS DETERMINES THE EXECUTIVE DIRECTOR'S SALARY. COMPENSATION IS INITIATED BY THE EXECUTIVE DIRECTOR AND APPROVED BY THE BOARD OF DIRECTORS. Form 990, Part VI, Section C, Line 19 THE ORGANIZATION'S GOVERNING DOCUMENTS ARE AVAILABLE FOR ANYONE INTERESTED TO VIEW AT OUR OFFICE AND OTHER APPROPRIATE PUBLIC AGENCIES.