2024-10-30T13:47:39-05:00 2023-12-31 410746749 CLIFTONLARSONALLEN LLP 901 NORTH GLEBE ROAD SUITE 200 ARLINGTON VA 22203 990 2023-01-01 272503955 CSDC PROPERTY CORP CSDC 4435611280 7880 MILESTONE PARKWAY 425 HANOVER MD 21076 MICHELLE PROSPERI CHIEF OEPRATING OFFICER 4435611280 2024-10-28 1 1 ROBERT WILLIAMS P01345960 5712279500 2024-10-28 2023 2024-10-15 13:58:12Z MICHELLE PROSPERI 7880 MILESTONE PARKWAY 425 HANOVER MD 21076 23608214 0 X N/A X 2006 AZ PROVIDING REAL ESTATE DEVELOPMENT SERVICES TO PUBLIC CHARTER SCHOOLS. 9 9 0 0 0 0 0 0 7237929 6465770 2929017 1796511 43 0 10166989 8262281 5905000 3889050 0 0 0 0 0 0 0 5652712 4391442 11557712 8280492 -1390723 -18211 91587085 90197930 86983391 85964269 4603694 4233661 X SEE SCHEDULE O 0 0 8238161 3889050 6465770 PROVIDING REAL ESTATE DEVELOPMENT SERVICES TO PUBLIC CHARTER SCHOOLS. 8238161 0 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 0 0 0 0 0 1 1 0 0 1 22 0 1 0 0 0 0 0 0 0 0 0 0 0 X 9 9 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 AZ X GLENN KLEIN 4435611280 7880 MILESTONE PARKWAY SUITE 425 HANOVER MD 21076 MICHAEL CURRAN CHAIR 2.00 4.00 X X 0 17525 0 EMBER REICHGOTT JUNGE VICE CHAIR 2.00 4.00 X X 0 14150 0 JIM GOENNER DIRECTOR & TREASURER 2.00 4.00 X X 0 7900 0 JAY HROMATKA DIRECTOR 2.00 4.00 X 0 11500 0 TOM NIDA DIRECTOR 2.00 2.00 X 0 12650 0 JOSEPH KEENEY DIRECTOR 2.00 2.00 X 0 11500 0 LAURA FIEMANN SENIOR VICE PRESIDENT 1.00 41.00 X 0 337566 57498 ANNETTE HIGH FINANCIAL CONTROLLER (OUTGOING) 1.00 41.00 X 0 177689 39026 MICHELLE PROSPERI CHIEF OPERATING OFFICER 1.00 41.00 X 0 362166 55605 REBECCA SALVO SENIOR VICE PRESIDENT 1.00 41.00 X 0 230284 30540 MARK ZEIZEL VICE PRESIDENT 1.00 41.00 X 0 218666 42510 ALAN WASHINGTON PRESIDENT/CEO 1.00 41.00 X 0 454213 28802 GLENN KLEIN FINANCIAL CONTROLLER (INCOMING) 1.00 41.00 X 0 51583 4123 SHANTA BACON SENIOR PROJECT ACCOUNTANT 1.00 41.00 X 0 125600 39154 TIMOTHY BEHRENS PREDEVELOPMENT & SUSTAINABILITY MGR. 1.00 41.00 X 0 106617 30624 MICHELE CERWIN CHIEF OF STAFF 1.00 41.00 X 0 295167 37878 BRITTANY KOZLEWSKI BUSINESS ANALYST 1.00 41.00 X 0 114183 17923 TYLER PLATT PROJECT ACCOUNTING MANAGER 1.00 41.00 X 0 104300 33268 0 2653259 416951 0 0 1 0 ARIES BUILDING SYSTEMS LLC 2900 S QUINCY ST STE 425 ARLINGTON VA 22206 CONSTRUCTION 986467 HOPE PUBLIC ADJUSTERS 7475 W COUNTY RD 755 GREENCASTLE IN 46135 CONSTRUCTION 689349 JORGE GONZALES ARCHITECTURE DESIGN STUDI 2727 SAN DIEGO AVE SE ALBUQUERQUE NM 871063025 CONSTRUCTION 169459 JMJ CONSTRUCTION AND DESIGN LLC 113 S PERRY ST STE 206 8422 LAWRENCEVILLE GA 30046 CONSTRUCTION 162908 4 RENTAL INCOME 531120 3719435 3719435 CAPITAL LEASE INTEREST 900099 1573522 1573522 DEVELOPER'S FEES 900099 1172813 1172813 6465770 17142444 15345933 1796511 1796511 1796511 8262281 6465770 0 1796511 3889050 3889050 6657 4327 2330 15000 9750 5250 2082 21 2061 183700 183700 2864908 2864908 1221140 1208929 12211 76403 57302 19101 LOAN FEES 78607 78607 TAXES 8086 8086 REPRESENTATION FEE 6890 5512 1378 PREDEVELOPMENT -72031 -72031 8280492 8238161 42331 0 9380985 3719724 723425 616883 100000 60121385 3945856 62567087 56175529 18915588 29585794 91587085 90197930 4301642 2691245 38987 1020445 80781826 78878110 1860936 3374469 86983391 85964269 X 4603694 4233661 4603694 4233661 91587085 90197930 X -18211 -351822 X 0 1 X 1 1 1 13235157 13235157 46886228 3945856 42940372 56175529 PREDEVELOPMENT COSTS 407504 CAPITAL LEASE RECEIVABLE 27934204 DEVELOPER FEES RECEIVABLE 1233286 DEPOSITS 10800 29585794 DEPOSITS HELD 2912760 DUE TO RELATED ENTITIES 461709 3374469 X PART X, LINE 2: 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. 0 CHARTER SCHOOLS DEVELOPMENT CORPORATION 7880 MILESTONE PARKWAY SUITE 425 HANOVER MD 21076 522063496 501(C)(3) 3889050 0 N/A N/A GENERAL OPERATIONS 1 0 0 0 0 0 0 0 0 0 0 ALAN WASHINGTON PRESIDENT/CEO 0 435000 0 19213 0 0 0 18850 0 9952 0 483015 0 0 MICHELLE PROSPERI CHIEF OPERATING OFFICER 0 287083 0 75083 0 0 0 18500 0 37105 0 417771 0 0 LAURA FIEMANN SENIOR VICE PRESIDENT 0 267583 0 69983 0 0 0 26400 0 31098 0 395064 0 0 MICHELE CERWIN CHIEF OF STAFF 0 230000 0 65167 0 0 0 0 0 37878 0 333045 0 0 MARK ZEIZEL VICE PRESIDENT 0 173333 0 45333 0 0 0 12267 0 30243 0 261176 0 0 REBECCA SALVO SENIOR VICE PRESIDENT 0 182542 0 47742 0 0 0 18423 0 12117 0 260824 0 0 ANNETTE HIGH FINANCIAL CONTROLLER (OUTGOING) 0 132356 0 45333 0 0 0 10588 0 28438 0 216715 0 0 SHANTA BACON SENIOR PROJECT ACCOUNTANT 0 110933 0 14667 0 0 0 10048 0 29106 0 164754 0 0 PART I, LINE 3 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 III, LINE 1 FOSTERING THE COMMON GOOD AND GENERAL WELFARE OF THE AMERICAN PUBLIC BY ENGAGING IN ACTIVITIES DESIGNED TO PROMOTE OPPORTUNITY, CHOICE AND PARENT INITIATIVE IN K-12 AMERICAN EDUCATION; ADVANCE INNOVATIVE ACCOUNTABLE COMMUNITY-BASED EDUCATIONAL ALTERNATIVE BY PROVIDING REAL ESTATE DEVELOPMENT SERVICES TO PUBLIC CHARTER SCHOOLS; STIMULATE ECONOMIC DEVELOPMENT AND JOB CREATION IN ECONOMICALLY DISTRESSED COMMUNITIES BY INVESTING IN AND DEVELOPING CHARTER SCHOOLS AS A CATALYST FOR REVITALIZATION; CREATE MORE PUBLIC CHARTER SCHOOLS IN COMMUNITIES WITH CHARTER-SCHOOL WAITING LISTS; EXPAND EDUCATIONAL OPPORTUNITY FOR LOW-INCOME AND MINORITY STUDENTS; AND INCREASE HIGH SCHOOL GRADUATION RATES AND COLLEGE ATTENDANCE RATES IN URBAN COMMUNITIES. FORM 990, PART VI, SECTION A, LINE 1A A BOARD COMMITTEE SHALL HAVE AND MAY EXERCISE, TO THE EXTENT PROVIDED IN THE RESOLUTION CREATING IT, ALL OF THE RIGHTS, POWERS AND AUTHORITY OF THE BOARD OF DIRECTORS. THE BOARD COMMITTEE SHALL NOT BE PERMITTED TO: AUTHORIZE DISTRIBUTIONS; FILL VACANCIES ON THE BOARD OF DIRECTORS OR ON ANY BOARD COMMITTEE; OR ADOPT, AMEND OR REPEAL BYLAWS. FORM 990, PART VI, SECTION B, LINE 11B THE PRESIDENT/CEO AND THE CHIEF OPERATING OFFICER 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 CHIEF OPERATING OFFICER MAINTAINS A FILE OF ALL SUCH WRITTEN REPORTS. NO DIRECTOR OR OFFICER SHALL PARTICIPATE IN OR BE PRESENT AT ANY VOTE OF THE BOARD OR ANY COMMITTEE ON ANY QUESTION, ISSUE, DECISION OR TRANSACTION IN WHICH THE DIRECTOR, OR ANY BUSINESS ASSOCIATE OR FAMILY MEMBER OF SUCH DIRECTOR OR OFFICER, HAS OR APPEARS TO HAVE A CONFLICT OF INTEREST. A DIRECTOR OR OFFICER, AFTER FULLY DISCLOSING TO THE BOARD OR THE COMMITTEE ALL FACTS MATERIAL TO HIS OR HER INTERESTS AND UPON UNANIMOUS CONSENT OF THE BOARD OR COMMITTEE, MAY PARTICIPATE IN ANY DISCUSSION OR DELIBERATION OF ANY QUESTION, ISSUE, DECISION OR TRANSACTION IN WHICH THE DIRECTOR OR OFFICER, OR ANY BUSINESS ASSOCIATE OR FAMILY MEMBER OF SUCH DIRECTOR OR OFFICER, HAS OR APPEARS TO HAVE A CONFLICT OF INTEREST. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST. FORM 990, PART XI, LINE 9: INTERCOMPANY DISTRIBUTIONS -351,822. 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