2025-01-29T09:42:23-05:00 2024-09-30 581941470 HOLLAND BROMLEY BARNHILL & BRETT LLP 530 STEPHENSON AVE STE 200 SAVANNAH GA 31405 990 2023-10-01 581395933 COASTAL AREA DISTRICT DEVELOPMENT AUTHORITY INC COAS 9122612500 501 GLOUCESTER STREET SUITE 201 BRUNSWICK GA 31520 TERRENCE LOUK CEO 3305509198 2025-01-07 true true SHANNON L BRETT P00558136 9122353410 2025-01-29 X 2023 2025-03-06 01:10:19Z TERRENCE LOUK 501 GLOUCESTER STREET SUITE 201 BRUNSWICK GA 31520 1175143 false X WWW.CADDA-SBA.ORG X 1976 GA ECONOMIC DEVELOPMENT LENDING. 17 17 7 0 0 696288 633131 155969 285087 184649 256925 1036906 1175143 0 0 481853 554202 0 0 235789 331307 717642 885509 319264 289634 23718712 24091014 929125 1011793 22789587 23079221 CREATE OR RETAIN PERMANENT JOBS AND INCREASE PRODUCTIVITY IN THE COASTAL GEORGIA AREA THROUGH ECONOMIC DEVELOPMENT LOAN PROGRAMS. false false 277838 866277 CADDA PROVIDES LOAN FUNDING THROUGH REVOLVING LOAN FUNDS TO COMPANIES WITHIN THE COASTAL GEORGIA AREA THAT WILL RESULT IN A POSITIVE ECONOMIC IMPACT AND THE CREATION OF JOBS. 22381 55906 CADDA PROVIDES FUNDING THROUGH THE INTERMEDIARY RELENDING PROGRAM FOR NEW BUSINESSES AT REASONABLE INTEREST RATES DESIGNATED TO PROVIDE ASSISTANCE FOR BUSINESSES IN RURAL AREAS. 87109 237807 NONPUBLIC FUNDS ARE UNRESTRICTED FUNDS GENERATED PRIMARILY THROUGH CHARGES FOR LOAN SERVICES PROVIDED BY CADDA. 387328 false false false false false false false false false true false false false true false true false false false false false false false false false false false false false false false false false false false false false false false false false false false false false true 7 0 7 true false false false false false false false false X 17 17 false false false false false false false true true false false true true true true true true true true false GA X X TERRENCE LOUK 9122612500 501 GLOUCESTER STREET SUITE 201 BRUNSWICK GA 31520 TERRENCE LOUK CEO 40.00 X 126900 0 8100 BROWN ALEX BOARD MEMBER 1.00 X 0 0 0 CHERISE CARTWRIGHT BOARD MEMBER 1.00 X 0 0 0 KEITH CRUSAN BOARD MEMBER 1.00 X 0 0 0 JOE FORD BOARD MEMBER 1.00 X 0 0 0 CHRIS HARPER BOARD MEMBER 1.00 X 0 0 0 COUGHLIN JAMES BOARD MEMBER 1.00 X 0 0 0 JAMES DRAKE JR BOARD MEMBER 1.00 X 0 0 0 CEDRIC KING CHAIRMAN 1.00 X 0 0 0 MONTY LEE BOARD MEMBER 1.00 X 0 0 0 DIANA MORRISON VICE-CHAIRMA 1.00 X 0 0 0 DANIEL NORMAN BOARD MEMBER 1.00 X 0 0 0 DEEPIKA PAUL BOARD MEMBER 1.00 X 0 0 0 JAMES ROGERS BOARD MEMBER 1.00 X 0 0 0 CRAIG ROOT BOARD MEMBER 1.00 X 0 0 0 JON SEAGRAVES BOARD MEMBER 1.00 X 0 0 0 KIMBALL WARNOCK BOARD MEMBER 1.00 X 0 0 0 PATRICK WOOCK BOARD MEMBER 1.00 X 0 0 0 126900 8100 1 false false false DEVELOPMENT LOAN INCOME 633131 633131 633131 285087 285087 LOAN SERVICE REVENUE 209972 209972 OTHER 46953 46953 256925 1175143 1175143 135000 82962 52038 287688 176794 110894 98446 59984 38462 33068 20471 12597 2845 2845 79221 79221 48776 17892 30884 13732 13732 3023 26 2997 16021 16021 8545 3003 5542 10563 611 9952 14818 5579 9239 60390 525 59865 29790 29790 DUES & SUBSCRIPTIONS 30967 17834 13133 TELEPHONE 8037 8037 REPAIRS & MAINTENANCE 4953 756 4197 BANK CHARGES 1289 5 1284 -1663 -1959 296 885509 387328 498181 0 8388431 10206080 14911260 13554777 316778 222021 153712 94757 265309 235400 23718712 24091014 40997 41520 679878 816771 208250 153502 929125 1011793 X 22789587 23079221 22789587 23079221 23718712 24091014 X 289634 X false true X true true true 71110 63326 7784 245668 158695 86973 94757 LEASE OBLIGATIONS 94266 LINE OF CREDIT 59236 153502 1658171 483028 483028 1175143 1175143 1368537 483028 483028 885509 885509 SCHEDULE D, PAGE 4, PART XI, LINE 2D INDIRECT COST RECOVERY 483,028 SCHEDULE D, PAGE 4, PART XII, LINE 2D CURRENT ALLOCATED EXPENSES 483,028 FORM 990, PAGE 6, PART VI, LINE 11B DIRECTORS PRESENT AT THE BOARD MEETING WHERE THE FORM 990 DRAFT WAS PRESENTED CONSTITUTED A QUORUM AND REVIEWED AND ACCEPTED THE 990 AS PRESENTED. FORM 990, PAGE 6, PART VI, LINE 12C MEMBERS OF THE BOARD OF DIRECTORS ARE REQUIRED TO REVIEW AND SIGN A CONFLICT OF INTEREST STATEMENT ANNUALLY. FORM 990, PAGE 6, PART VI, LINE 15A SALARIES AND RAISES ARE DISCUSSED AND PROPOSED AT A MEETING OF THE EXECUTIVE COMMITTEE. TOTAL SALARIES AND INCREASES ARE THEN DISCLOSED IN FISCAL YEAR BUDGET PRESENTED TO AND APPROVED BY THE ENTIRE BOARD OF DIRECTORS. FORM 990, PAGE 6, PART VI, LINE 15B SALARIES AND RAISES ARE DISCUSSED AND PROPOSED AT A MEETING OF THE EXECUTIVE COMMITTEE. TOTAL SALARIES AND INCREASES ARE THEN DISCLOSED IN FISCAL YEAR BUDGET PRESENTED TO AND APPROVED BY THE ENTIRE BOARD OF DIRECTORS. FORM 990, PAGE 6, PART VI, LINE 19 THESE DOCUMENTS ARE NOT AVAILABLE TO THE PUBLIC. FORM 990, PART XI, LINE 9 INDIRECT COST RECOVERY 483,028 CURRENT ALLOCATED EXPENSES -483,028