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COMMUNITY ECONOMIC DEVELOPMENT COMPANY OF COLORADO: Form 990EZ, tax year 2022

View the entire original 990 at ProPublica ↗

Organization
COMMUNITY ECONOMIC DEVELOPMENT COMPANY OF COLORADO (EIN 84-0797208)
Tax period
2022-01-01 to 2022-12-31
Filed
2023-08-31
IRS object ID
202332439349200913
Schema version
2022v5.0
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2023-08-31T07:39:18-07:00ReturnTs
Tax Period End2022-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN522371528PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1Cahill & Associates PCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line14810 Riverbend RdAddressLine1Txt
CityBoulderCityNm
State AbbreviationCOStateAbbreviationCd
ZIP80301ZIPCd
FieldValueIRS element (for citing)
Return Type990EZReturnTypeCd
Tax Period Begin2022-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN840797208EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1COMMUNITY ECONOMIC DEVELOPMENT CO OF COBusinessNameLine1Txt
Business Name Line2CEDCOBusinessNameLine2Txt
FieldValueIRS element (for citing)
Business Name ControlCOMMBusinessNameControlTxt
Phone3038938989PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1800 W 8TH AVENUE 103AddressLine1Txt
CityDENVERCityNm
State AbbreviationCOStateAbbreviationCd
ZIP80204ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonSHERRY CULLINSPersonNm
Person TitlePresidentPersonTitleTxt
Signature2023-08-31SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstSHERRYPersonFirstNm
Person LastCULLINSPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (true)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonEdward T Cahill CPAPreparerPersonNm
PTINP00576252PTIN
Phone3034400400PhoneNum

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer3TrustedCustomerCd
Authentication Assurance LevelAAL1AuthenticationAssuranceLevelCd
Identity Assurance LevelIAL1IdentityAssuranceLevelCd
Federated Assurance LevelFAL1FederatedAssuranceLevelCd
FieldValueIRS element (for citing)
Tax2022TaxYr
Build TS2023-04-26 12:10:37ZBuildTS

Form 990-EZ IRS990EZ

FieldValueIRS element (for citing)
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Website Addresswww.cedco.orgWebsiteAddressTxt
Organization501c3Yes (X)Organization501c3Ind
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Gross Receipts$181,441GrossReceiptsAmt
Info In Schedule O Part IYes (X)InfoInScheduleOPartIInd
Program Service Revenue$180,231ProgramServiceRevenueAmt
Investment Income$1,210InvestmentIncomeAmt
Cost Or Other Basis Expense Sale$0CostOrOtherBasisExpenseSaleAmt
Fundraising Gross Income$0FundraisingGrossIncomeAmt
Special Events Direct Expenses$0SpecialEventsDirectExpensesAmt
Cost Of Goods Sold$0CostOfGoodsSoldAmt
Total Revenue$181,441TotalRevenueAmt
Salaries Other Comp Empl Bnft$88,299SalariesOtherCompEmplBnftAmt
Fees And Other Pymt To Ind Cntrct$21,006FeesAndOtherPymtToIndCntrctAmt
Occupancy Rent Utlts And Maint$23,216OccupancyRentUtltsAndMaintAmt
Other Expenses Total$53,172OtherExpensesTotalAmt
Total Expenses$185,693TotalExpensesAmt
Excess Or Deficit For Year-$4,252ExcessOrDeficitForYearAmt
Net Assets Or Fund Balances BOY$9,321NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$5,069NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIYes (X)InfoInScheduleOPartIIInd

Cash Savings And Investments CashSavingsAndInvestmentsGrp

FieldValueIRS element (for citing)
BOY$18,542BOYAmt
EOY$3,343EOYAmt

Other Assets Total Detail OtherAssetsTotalDetail

FieldValueIRS element (for citing)
BOY$25,900BOYAmt
EOY$20,962EOYAmt

Form990 Total Assets Form990TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$44,442BOYAmt
EOY$24,305EOYAmt

Sum Of Total Liabilities SumOfTotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$35,121BOYAmt
EOY$19,236EOYAmt

Net Assets Or Fund Balances NetAssetsOrFundBalancesGrp

FieldValueIRS element (for citing)
BOY$9,321BOYAmt
EOY$5,069EOYAmt
FieldValueIRS element (for citing)
Primary Exempt PurposeFACILITATE ECONOMIC DEVELOPMENT THROUGH SMALL BUSINESS ADMINISTRATION 504 LOAN PROGRAMPrimaryExemptPurposeTxt

Program Srvc Accomplishment ProgramSrvcAccomplishmentGrp

FieldValueIRS element (for citing)
Description Program Srvc AccomPROMOTE ECONOMIC DEVELOPMENT BY EDUCATING AVAILABILITY OF SBA 504 LOAN PROGRAM, ACCUMULATION OF DATA TO ASSIST LOAN APPLICANTS, CLOSE LOANS AND SERVICE APPROVED AND EXISTING LOANS.DescriptionProgramSrvcAccomTxt
Program Service Expenses$174,334ProgramServiceExpensesAmt
FieldValueIRS element (for citing)
Total Program Service Expenses$174,334TotalProgramServiceExpensesAmt

Officer Director Trustee Empl OfficerDirectorTrusteeEmplGrp (7 entries)

TitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmt
BILL BACON
Board Member0$0
SHERRY CULLINS
President40.00$0
CHUCK MUELLER
BOARD MEMBER0$0
NANCY SHEA
BOARD MEMBER0$0
SALLY DIGNAN
BOARD MEMBER0$0
MICHAEL DOWLING
BOARD MEMBER0$0
TERESA PIROQUE
BOARD MEMBER0$0
FieldValueIRS element (for citing)
Activities Not Previously RptfalseActivitiesNotPreviouslyRptInd
Chg Made To Orgnzng Doc Not RptfalseChgMadeToOrgnzngDocNotRptInd
Organization Had UBIfalseOrganizationHadUBIInd
Subject To Proxy TaxfalseSubjectToProxyTaxInd
Organization Dissolved EtcfalseOrganizationDissolvedEtcInd
Form1120 Pol FiledfalseForm1120PolFiledInd
Made Loans To From OfficersYes (true)MadeLoansToFromOfficersInd
Loans To From Officers$19,039LoansToFromOfficersAmt
Tax Imposed Under IRC4911$0TaxImposedUnderIRC4911Amt
Tax Imposed Under IRC4912$0TaxImposedUnderIRC4912Amt
Tax Imposed Under IRC4955$0TaxImposedUnderIRC4955Amt
Engaged In Excess Benefit TransfalseEngagedInExcessBenefitTransInd
Tax Imposed On Organization Mgr$0TaxImposedOnOrganizationMgrAmt
Tax Reimbursed By Organization$0TaxReimbursedByOrganizationAmt
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd

Books In Care Of Detail BooksInCareOfDetail

FieldValueIRS element (for citing)
PersonCOMMUNITY ECONOMIC DEVELOPMENTPersonNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1800 8TH AVENUEAddressLine1Txt
CityDENVERCityNm
State AbbreviationCOStateAbbreviationCd
ZIP802044332ZIPCd
FieldValueIRS element (for citing)
Phone3038938989PhoneNum
FieldValueIRS element (for citing)
Foreign Financial AccountfalseForeignFinancialAccountInd
Foreign OfficefalseForeignOfficeInd
Donor Advised FndsfalseDonorAdvisedFndsInd
Operate HospitalfalseOperateHospitalInd
Tanning Services ProvidedfalseTanningServicesProvidedInd
Related Organization Ctrl EntfalseRelatedOrganizationCtrlEntInd
Transaction With Control EntfalseTransactionWithControlEntInd
Political Campaign ActyfalsePoliticalCampaignActyInd
Lobbying ActivitiesfalseLobbyingActivitiesInd
School OperatingfalseSchoolOperatingInd
Trnsfr Exmpt Non Chrtbl Rltd OrgfalseTrnsfrExmptNonChrtblRltdOrgInd
Part VI Of Comp Of Hghst Pd EmplNONEPartVIOfCompOfHghstPdEmplTxt
Part VI Hghst Pd Cntrct Prof SrvcNONEPartVIHghstPdCntrctProfSrvcTxt
Filed Schedule AYes (true)FiledScheduleAInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Publicly Supported Org509a2Yes (X)PubliclySupportedOrg509a2Ind

Gifts Grants Contris Rcvd509 GiftsGrantsContrisRcvd509Grp

FieldValueIRS element (for citing)
Total$0TotalAmt

Gross Receipts Admissions GrossReceiptsAdmissionsGrp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$344,909CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$432,398CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$265,835CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$238,032CurrentTaxYearMinus1YearAmt
Current Tax Year$180,231CurrentTaxYearAmt
Total$1,461,405TotalAmt

Gross Receipts Non Unrlt Bus GrossReceiptsNonUnrltBusGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Tax Rev Levied Orgnztnl Bnft509 TaxRevLeviedOrgnztnlBnft509Grp

FieldValueIRS element (for citing)
Total$0TotalAmt

Govt Furn Srvc Fclts Vl509 GovtFurnSrvcFcltsVl509Grp

FieldValueIRS element (for citing)
Total$0TotalAmt

Total509 Total509Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$344,909CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$432,398CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$265,835CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$238,032CurrentTaxYearMinus1YearAmt
Current Tax Year$180,231CurrentTaxYearAmt
Total$1,461,405TotalAmt

Amounts Rcvd Dsqlfy Person AmountsRcvdDsqlfyPersonGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Substantial Contributors Amt SubstantialContributorsAmtGrp

FieldValueIRS element (for citing)
Total$0TotalAmt
FieldValueIRS element (for citing)
Public Support Total509$1,461,405PublicSupportTotal509Amt

Gross Investment Income509 GrossInvestmentIncome509Grp

FieldValueIRS element (for citing)
Current Tax Year Minus1 Year$339CurrentTaxYearMinus1YearAmt
Current Tax Year$1,210CurrentTaxYearAmt
Total$1,549TotalAmt

Post1975 UBTI Post1975UBTIGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Investment Income And UBTI InvestmentIncomeAndUBTIGrp

FieldValueIRS element (for citing)
Current Tax Year Minus1 Year$339CurrentTaxYearMinus1YearAmt
Current Tax Year$1,210CurrentTaxYearAmt
Total$1,549TotalAmt

Net Income From Other UBI NetIncomeFromOtherUBIGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Other Income509 OtherIncome509Grp

FieldValueIRS element (for citing)
Current Tax Year Minus1 Year$38CurrentTaxYearMinus1YearAmt
Total$38TotalAmt

Total Support Calendar Year TotalSupportCalendarYearGrp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$344,909CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$432,398CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$265,835CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$238,409CurrentTaxYearMinus1YearAmt
Current Tax Year$181,441CurrentTaxYearAmt
Total$1,462,992TotalAmt
FieldValueIRS element (for citing)
Public Support CY5090.99890PublicSupportCY509Pct
Investment Income CY0.00110InvestmentIncomeCYPct
Thirty Thr Pct Suprt Tests CY509Yes (X)ThirtyThrPctSuprtTestsCY509Ind

Schedule L IRS990ScheduleL

Loans Btwn Org Interested Prsn LoansBtwnOrgInterestedPrsnGrp

FieldValueIRS element (for citing)
PersonJEFF MATHIASPersonNm
Relationship With OrgEX-EMPLOYEERelationshipWithOrgTxt
Loan PurposePERSONALLoanPurposeTxt
Loan From OrganizationYes (X)LoanFromOrganizationInd
Original Principal$16,622OriginalPrincipalAmt
Balance Due$19,039BalanceDueAmt
DefaultfalseDefaultInd
Board Or Committee ApprovalfalseBoardOrCommitteeApprovalInd
Written AgreementYes (true)WrittenAgreementInd
FieldValueIRS element (for citing)
Total Balance Due$19,039TotalBalanceDueAmt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (23 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Other Expenses.1001Advertising and Promotion $3435
Other Expenses.1002Office Expenses $11421
Other Expenses.1008Interest $197
Other Expenses.1009Depreciation $2734
Other Expenses.1012Insurance $11359
Other Expenses.1TELEPHONE / INTERNET $13547
Other Expenses.2EQUIPMENT RENTAL $6772
Other Expenses.3MISCELLANEOUS $1100
Other Expenses.4RECORDING FEES $1039
Other Expenses.5SUSPENSE $593
Other Expenses.6POSTAGE $441
Other Expenses.7BANK CHARGES $250
Other Expenses.8CREDIT REPORTS $153
Other Expenses.9REIMBURSABLE EXPENSES $66
Other Expenses.10REPAIRS & MAINTENANCE $65
Other Assets.1003Machinery and Equipment - Beginning $4657 Machinery and Equipment - Ending $1923
Other Assets.1005Accounts Receivable - Beginning $1268 Accounts Receivable - Ending $0
Other Assets.1011Prepaid Expenses and Deferred Charges - Beginning $2121 Prepaid Expenses and Deferred Charges - Ending $0
Other Assets.1EMPLOYEE ADVANCE - Beginning $15854 EMPLOYEE ADVANCE - Ending $19039
Other Assets.2DEPOSITS - Beginning $2000 DEPOSITS - Ending $0
Total Liabilities.1001Accounts Payable and Accrued Expenses - Beginning $15526 Accounts Payable and Accrued Expenses - Ending $19236
Total Liabilities.1PAYROLL LIABILITIES - Beginning $3058 PAYROLL LIABILITIES - Ending $0
Total Liabilities.2PROPERTY TAXES IN eSCROW - Beginning $16537 PROPERTY TAXES IN eSCROW - Ending $0

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