CEDA COMMUNITY DEVELOPMENT FUND

EIN: 364337956 501(c)(3)

CHICAGO, IL

Total Revenue
$1,471
Total Expenses
$438,963
Total Assets
N/A
Net Assets
N/A
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
1999
Legal Domicile
IL
Principal Officer
RICHARD LARKIN
Phone
3127822332
Tax Period
2018-07-01 to 2019-06-30

CEDA COMMUNITY DEVELOPMENT FUND, founded in 1999, is a micro nonprofit that reported $1K in total revenue in fiscal year 2018. Revenue surged 54% from the prior year, signaling strong growth momentum. Expenses of $439K exceeded revenue, resulting in a 29741% operating deficit.

Mission

CEDA COMMUNITY DEVELOPMENT FUND'S MISSION IS TO CREATE, RETAIN AND DEVELOP SMALL BUSINESS AND ECONOMIC INSTITUTIONS THAT IMPROVE THE ECONOMIC STABILITY AND INDEPENDENCE OF THE COMMUNITY. CEDA COMMUNITY DEVELOPMENT FUND AIMS TO INCREASE THE INCOME OF ITS RESIDENTS TO INCREASE JOB OPPORTUNITIES FOR THE UNDEREMPLOYED AND UNEMPLOYED TO MORE EQUALLY DISTRIBUTE ECONOMIC RESOURCES, SOCIAL SERVICES, TECHNICAL ASSISTANCE. CEDA COMMUNITY DEVELOPMENT FUND ALSO PROVIDES FINANCIAL LITERACY TRAINING THAT ENCOURAGES AND EMPOWERS LOW-INCOME INDIVIDUALS AND FAMILIES TOWARD POSITIVE ACTION THAT MEETS BASIC HUMAN NEEDS AND HELPS THEM BECOME SELF-SUFFICIENT.

Program Service Accomplishments

Program 1
Expenses: $395,424

CEDA COMMUNITY DEVELOPMENT FUND'S MISSION IS TO CREATE, RETAIN AND DEVELOP SMALL BUSINESS AND ECONOMIC INSTITUTIONS THAT IMPROVE THE ECONOMIC STABILITY AND INDEPENDENCE OF THE COMMUNITY. CEDA...

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CEDA COMMUNITY DEVELOPMENT FUND'S MISSION IS TO CREATE, RETAIN AND DEVELOP SMALL BUSINESS AND ECONOMIC INSTITUTIONS THAT IMPROVE THE ECONOMIC STABILITY AND INDEPENDENCE OF THE COMMUNITY. CEDA COMMUNITY DEVELOPMENT FUND AIMS TO INCREASE THE INCOME OF ITS RESIDENTS TO INCREASE JOB OPPORTUNITIES FOR THE UNDEREMPLOYED AND UNEMPLOYED TO MORE EQUALLY DISTRIBUTE ECONOMIC RESOURCES, SOCIAL SERVICES, AND TECHNICAL ASSISTANCE. CEDA COMMUNITY DEVELOPMENT FUNDALSO PROVIDES FINANCIAL LITERACY TRAINING THAT ENCOURAGES AND EMPOWERS LOW-INCOME INDIVIDUALS AND FAMILIES TOWARD POSITIVE ACTIONTHAT MEETS BASIC HUMAN NEEDS AND HELPS THEM BECOME SELF-SUFFICIENT.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2018)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $1,471
Other Revenue $0
TOTAL REVENUE $1,471

Expense Breakdown

Grants Paid $395,424
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $395,424
Other Expenses $43,539
TOTAL EXPENSES $438,963

Year-over-Year Comparison

2018 2017 Change
Revenue $1,471 $956 +0.5%
Expenses $438,963 $4,133 +105.2%
Net Income $-437,492 $-3,177 +136.7%
Key Indicators
✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
5
Independent Members
3
Employees
N/A
Volunteers
3

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
6
$476,480
Total Directors
6
$476,480
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
GLEN OFENLOCH PRESIDENT 1.0
Officer Director
$0 $5,371 $222,487
LISA ANTHONY SECRETARY 1.0
Officer Director
$0 $0 $0
RICHARD LARKIN CHAIRMAN 1.0
Officer Director
$0 $0 $0
RONALD BEAN BOARD CHAIR (Left 4/2019) 1.0
Officer Director
$0 $0 $0
ADRIAN SOTO BOARD VICE-CHAIR 1.0
Officer Director
$0 $0 $0
HAROLD RICE DIRECTOR 1.0
Officer Director
$0 $26,218 $253,993
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2019 $1,471 $438,963 No data $-437,492
2018 $956 $4,133 $513,297 $-3,177
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