2013-08-15T18:26:07-05:00 2012-09-30 541487262 MATTHEWS CARTER & BOYCE 11320 RANDOM HILLS ROAD SUITE 600 FAIRFAX VA 22030 990 2011-10-01 522063496 CHARTER SCHOOLS DEVELOPMENT CORPORATION CHAR 4435611280 7272 PARK CIRCLE DRIVE NO 265 HANOVER MD 21076 MICHELLE LIBERATI 4435611280 2013-08-15 1 KATHLEEN M FLAHERTY P00969957 7032183600 2011 2016-02-24 21:20:13Z AL DUBIN 7272 PARK CIRCLE DRIVE NO 265 HANOVER MD 21076 8491744 0 X WWW.CSDC.ORG X 1997 DC FINANCING AND BUILDING GREAT PUBLIC CHARTER SCHOOLS. 7 6 9 0 0 0 0 216525 5201915 7467446 749776 230639 208961 182134 6160652 8096744 0 0 0 0 1516500 1771816 0 0 0 5109990 5880998 6626490 7652814 -465838 443930 83428346 98226749 51561696 65916169 31866650 32310580 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 5996736 7496554 PROVIDING LOANS, CREDIT ENHANCEMENTS, FINANCING GUARANTEES, FACILITY DEVELOPMENT AND MANAGEMENT SUPPORT TO CHARTER SCHOOLS. 5996736 1 1 0 1 0 0 0 0 0 0 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 1 1 0 0 0 0 1 1 0 0 0 0 1 24 0 1 9 1 0 0 0 0 0 0 0 0 0 0 0 X 7 6 0 0 0 0 0 0 0 1 1 0 0 0 1 0 1 0 0 1 0 1 1 MD X TIM SUMMERS 4435611280 7272 PARK CIRCLE DRIVE NO 265 HANOVER MD 21076 TOM NIDA 1.00 X X 3500 0 0 EMBER REICHGOTT JUNGE 1.00 X X 2300 0 0 MICHAEL KIRKMAN 1.00 X 2500 0 0 ALEX OOMS 1.00 X 1700 0 0 JIM GOENNER 1.00 X 2150 0 0 NINA REES 1.00 X 1550 0 0 WADE DYKE 1.00 X 1200 0 0 FRANK D RIGGS 40.00 X 329500 0 60736 MICHELLE LIBERATI 40.00 X 151834 0 21761 REBECCA SECREST 40.00 X 86375 0 13748 TIM SUMMERS 40.00 X 93900 0 19666 AL DUBIN 40.00 X 217250 0 9680 LAURA FIEMANN 40.00 X 146669 0 18261 KARL JENTOFT 40.00 X 178333 0 23849 1218761 0 167701 5 0 1 0 MACDONALD AND MACDONALD PC 66 RIVER DRIVE ANNAPOLIS MD 21043 LEGAL CONSULTING 130669 1 216525 216525 RENTAL INCOME 900099 4897106 4897106 GRANTS 900099 1266640 1266640 INTEREST INCOME - LOAN 900099 513959 513959 FEE INCOME - SUBSIDIAR 900099 380000 380000 FEE INCOME 900099 355241 355241 54500 54500 7467446 201531 201531 409800 14308 395000 0 14800 14308 29108 29108 MISC. 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(FORMERLY FASB INTERPRETATION NO. 48, "ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES" OR FIN 48.) AS PERMITTED BY FASB STAFF POSITION (FSP) FIN 48-3, THE CORPORATION ADOPTED FASB ASC 740-10 FOR ITS FISCAL YEAR ENDING SEPTEMBER 30, 2010. FASB ASC 740-10 REQUIRES CHANGES IN RECOGNITION AND MEASUREMENT FOR UNCERTAIN TAX POSITIONS. THE CORPORATION HAS DETERMINED THAT IT DOES NOT CURRENTLY HAVE ANY TAX POSITIONS THAT IT 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. 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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 AND 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 XII, LINE 2C EFFECTIVE FOR ITS FISCAL YEAR ENDED SEPTEMBER 30, 2012, THE BOARD, ACTING AS A WHOLE, ASSUMED RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT AND SELECTION OF AN INDEPENDENT ACCOUNTANT. 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