2017-11-09T13:34:35-06:00 2016-12-31 541487262 MATTHEWS CARTER & BOYCE 12500 FAIR LAKES CIRCLE SUITE 260 FAIRFAX VA 22033 990 2016-01-01 522063496 CHARTER SCHOOLS DEVELOPMENT CORPORATION CHAR 4435611280 6731 COLUMBIA GATEWAY DRIVE NO 220 COLUMBIA MD 21046 MICHELLE LIBERATI EXECUTIVE VICE PRESIDENT 4435611280 2017-11-08 1 KATHLEEN M FLAHERTY P00969957 7032183600 64.88.174.3 2017-11-08 16:16:26 ES P A8568F0C474698237A1F94D0782E0AAC6FE1BDC3 3B76BB794ECCEE4272AC6B50BC31319902281043 2016 2021-01-29 14:40:06Z AL DUBIN 6731 COLUMBIA GATEWAY DRIVE NO 220 COLUMBIA MD 21046 30443408 0 X WWW.CSDC.ORG X 1997 DC FINANCING AND BUILDING GREAT PUBLIC CHARTER SCHOOLS. 7 5 9 0 0 0 2311142 7700034 4385332 3185185 1570920 694782 0 0 8267394 11580001 0 643400 0 0 1745451 1957366 0 0 0 4344155 3704729 6089606 6305495 2177788 5274506 76598627 86006022 42087941 46208560 34510686 39797462 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 4390767 643400 3775392 PROVIDING LOANS, CREDIT ENHANCEMENTS, FINANCING GUARANTEES, FACILITY DEVELOPMENT AND MANAGEMENT SUPPORT TO CHARTER SCHOOLS. 4390767 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 1 0 1 0 0 0 0 0 0 0 1 0 0 0 0 1 1 1 1 0 0 1 25 0 1 9 1 0 0 0 0 0 0 0 0 0 0 X 7 5 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 ANGEL RICH DIRECTOR 2.00 1.00 X 275 0 0 TOM NIDA CHAIRMAN/TREASURER 2.00 2.00 X X 5600 0 0 EMBER REICHGOTT JUNGE VICE CHAIRMAN/SECRETARY 2.00 1.00 X X 5100 0 0 JIM GOENNER DIRECTOR 2.00 1.00 X 3075 0 0 JAY HROMATKA DIRECTOR 2.00 1.00 X 2950 0 0 GREG MCKENNA DIRECTOR 2.00 1.00 X 2475 0 0 MICHAEL CURRAN DIRECTOR 2.00 1.00 X 2325 0 0 MICHELLE LIBERATI EXEC. VICE PRES/ ASST SEC' 40.00 1.00 X 230000 0 27431 REBECCA SECREST VICE PRESIDENT 40.00 1.00 X 169333 0 30988 AL DUBIN PRESIDENT/CEO 40.00 1.00 X 464500 0 6200 LAURA FIEMANN VICE PRESIDENT 40.00 1.00 X 257150 0 33451 MARK ZEIZEL ASSISTANT VICE PRESIDENT 40.00 1.00 X 147958 0 26308 1290741 0 124378 5 0 1 0 NORTHLAND CUSTOM BUILDERS LLC 4233 VAN GASSLER ROAD CLOQUET MD 55720 CONSTRUCTION MANAGEMENT 374967 AXIOM CONSTRUCTION SERVICES GROUP LLC 10638 RUSHTON ROAD SOUTH LYON MI 48178 CONSTRUCTION MANAGEMENT 172520 2 1856634 5000000 843400 7700034 RENTAL INCOME 900099 2228860 2228860 INTEREST INCOME - CDFI 900099 678776 678776 DEVELOPER'S FEES 900099 240373 240373 CREDIT ENHANCEMENT FEE 900099 33250 33250 3926 3926 3185185 104575 104575 19453614 18863407 590207 590207 590207 11580001 3775392 0 104575 643400 643400 1415119 487662 927457 332321 116507 215814 28983 10144 18839 101321 35463 65858 79622 27868 51754 115382 92306 23076 107250 85800 21450 116423 49677 66746 71671 20634 51037 24816 8685 16131 382098 62986 319112 185720 134261 51459 6409 2243 4166 1348969 1348969 519399 514205 5194 94600 33110 61490 LOSS-SURREND. 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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 CSDC PROPERTY CORPORATION 6731 COLUMBIA GATEWAY DRIVE STE 220 COLUMBIA MD 21046 272503955 501(C)(4) 643400 CONSTRUCTION OF CHARTER SCHOOL FACILITY 1 PART I, LINE 2: GRANTS ARE MADE ONLY TO OUR RELATED ORGANIZATIONS. 1 X X 0 0 0 0 0 0 0 0 0 MICHELLE LIBERATI EXEC. VICE PRES/ ASST SEC' 168000 0 62000 0 0 0 13480 0 13951 0 257431 0 0 0 REBECCA SECREST VICE PRESIDENT 124000 0 45333 0 0 0 15773 0 15215 0 200321 0 0 0 AL DUBIN PRESIDENT/CEO 300000 0 164500 0 0 0 6200 0 0 0 470700 0 0 0 LAURA FIEMANN VICE PRESIDENT 195000 0 62150 0 0 0 15879 0 17572 0 290601 0 0 0 MARK ZEIZEL ASSISTANT VICE PRESIDENT 115000 0 32958 0 0 0 13117 0 13191 0 174266 0 0 0 TENSQUARE LLC FORMER EMPLOYEE HAS AN OWNERSHIP INTEREST 66957 ENTITY PROVIDES DEVELOPMENT CONSULTING ON SOME OF OUR DEVELOPMENT PROJECTS. 0 FORM 990, PART VI, SECTION B, LINE 11B 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 XI, LINE 9: CONTRIBUTION TO SUBSIDIARY FROM MINORITY INVESTOR 12,000. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. 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