2026-03-06T12:40:32-08:00 2025-09-30 260701023 Olson Reyes & Sauerwein LLC 5161 E Arapahoe Road Suite 100 Centennial CO 80122 990 2024-10-01 453064996 COMMUNITY ENTERPRISE DEVELOPMENT SERVICES COMM 3035698165 10660 EAST COLFAX AVE SUITE B AURORA CO 80010 ALEXANDRIA WISE Executive Director 2026-03-05 true true DEREK WATADA P01751412 3038895981 2024 2025-03-06 01:10:19Z ALEXANDRIA WISE 10660 EAST COLFAX AVE SUITE B AURORA CO 80010 1536762 false X WWW.CEDSFINANCE.ORG X 2011 CO COMMUNITY ENTERPRISE DEVELOPMENT SERVICES' MISSION IS TO SUPPORT THE AMERICAN DREAM OF FINANCIAL SELF-SUFFICIENCY, BY ASSISTING REFUGEES, IMMIGRANTS, AND THOSE FROM UNDERSERVED COMMUNITIES IN METRO DENVER WHO DESIRE TO OWN OR STRENGTHEN BUSINESSES, DEVELOP ASSETS, AND EMPOWER THEMSELVES FINANCIALLY. 12 12 20 23 0 2825983 906069 315234 467915 205512 162778 -526 0 3346203 1536762 361750 0 0 1743440 1682383 0 274103 782364 847051 2887554 2529434 458649 -992672 12247897 12562293 7494719 8801787 4753178 3760506 COMMUNITY ENTERPRISE DEVELOPMENT SERVICES' MISSION IS TO SUPPORT THE AMERICAN DREAM OF FINANCIAL SELF-SUFFICIENCY, BY ASSISTING REFUGEES, IMMIGRANTS, AND THOSE FROM UNDERSERVED COMMUNITIES IN METRO DENVER WHO DESIRE TO OWN OR STRENGTHEN BUSINESSES, DEVELOP ASSETS, AND EMPOWER THEMSELVES FINANCIALLY. false false 1893721 467915 CEDS Finance empowers small business entrepreneursparticularly low-income owners with few other alternativesby providing access to patient capital and personalized business consulting. It's a certified Community Development Financial Institution (CDFI) since 2015, targeting low-income populations and qualified investment areas.In FY25, CEDS Finance advanced its mission by deploying $3.5 million across 108 loans and murabahas to underserved entrepreneurs that created or retained 254 jobs. The organization achieved a 15% improvement in approval efficiency due to enhanced pre-screening. CEDS Finance maintained strong portfolio performance with a net charge-off ratio of 0.2% (well below the 2.8% benchmark) while growing its portfolio by 16.8% to $5.7 million. Key operational enhancements included expanding software efficiencies with two new modules that speed up monthly reporting and improve data accuracy, as well as launching a new online payment portal. The portal has demonstrated early success with 42% of clients are repeat usersdemonstrating early demand for improved repayment flexibility. These improvements strengthen efficiency and impact, enabling a smaller investment team to sustain deployment levels while increasing service accessibility for low-income and immigrant business owners.CEDS Finance provided 3,243 hours of free technical assistance for small business owners, and hosted or attended 58 community events that generated nearly 200 completed loan applications.By breaking down barriers to capital with culturally responsive products and services in 16 languages, CEDS Finance is creating a more effective financial system where every entrepreneur has the resources to thrive. 1893721 true true false false false false false false false false true false false false true true true false false false false false false false false false false false false true false false false false false false false false false false false false false false false false false true 14 0 true 20 true false false false false false false false 0 false false false false false false false X 12 12 false false false false false false false true true false false true true true true false true true true false CO X X X THE ORGANIZATION 3035698165 10660 EAST COLFAX AVE SUITE B AURORA CO 80010 ALEXANDRIA WISE Executive Dir. 40.00 0.00 X 162247 0 15570 ANTHONY PELZ DIRECTOR OF LENDING 40.00 0.00 156476 0 1913 DIANA PADGETT DIRECTOR OF FINANC 40.00 0.00 121169 0 17028 CARRIE HANSON DIRECTOR OF DEVELO 40.00 0.00 114777 0 15670 JONALYN DENLINGER BOARD CHAIR 1.00 0.00 X X 0 0 0 MARIE PETERS Director 1.00 0.00 X 0 0 0 PATRICK HORVATH VICE CHAIR 1.00 0.00 X X 0 0 0 NICOLE CARNER Secretary 1.00 0.00 X X 0 0 0 TRICIA ALLEN Director 1.00 0.00 X 0 0 0 JORGE ABURTO Director 1.00 0.00 X 0 0 0 WILLIAM HUNTER RAILEY Director 1.00 0.00 X 0 0 0 SARAH MONTGOMERY Treasurer 1.00 0.00 X X 0 0 0 JOHN PALYO Director 1.00 0.00 X 0 0 0 ARLENE DELGADO Director 1.00 0.00 X 0 0 0 TIMOTHY FLOYD Director 1.00 0.00 X 0 0 0 JESSICA SVEEN Director 1.00 0.00 X 0 0 0 554669 50181 4 false true false 0 386193 519876 1909 906069 MICRO LOAN INTEREST 525990 375411 375411 PROGRAM SERVICE FEES 525990 92504 92504 467915 162778 162778 0 0 0 0 0 0 0 0 1536762 467915 162778 0 0 0 0 578000 293950 150550 133500 0 834558 816321 17544 693 0 150652 118412 17928 14312 119173 93670 14182 11321 0 4873 4873 42000 42000 0 0 0 234770 95640 53293 85837 5180 5180 46297 36821 7921 1555 35596 27978 4236 3382 0 180845 142144 21521 17180 8721 8721 0 0 38236 38236 0 44161 34711 5255 4195 29433 18512 10921 Provision for loan losses 128569 128569 PROGRAM EXPENSES 25978 25978 REPAIRS & MAINTENANCE 9409 7395 1120 894 TELEPHONE & UTILITIES 8345 6559 993 793 4638 3645 552 441 2529434 1893721 361610 274103 1581017 1201510 4512940 5696833 822501 303233 0 0 0 4319625 4935097 0 20474 22273 167422 82196 129388 85226 0 0 0 0 861952 318121 12247897 12562293 163077 138891 5968474 7832698 1363168 830198 7494719 8801787 X 3307359 3408226 1445819 352280 4753178 3760506 12247897 12562293 -992672 X false true X true true true X 2269188 1815871 2310984 2825983 906069 10128095 0 0 2269188 1815871 2310984 2825983 906069 10128095 88377 10039718 382 857 83533 205512 162778 453062 0 0 10581157 0.94880 0.96440 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 71801 37306 34495 41883 25513 16370 53738 19377 34361 85226 LEASE LIABILITY 330198 rEFUNDABLE ADVANCES 500000 830198 X 1536762 1536762 1536762 2529434 2529434 2529434 Part X : FIN48 Footnote THE ORGANIZATION IS A NONPROFIT CORPORATION AND IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. CONTRIBUTIONS TO THE ORGANIZATION QUALIFY FOR THE CHARITABLE CONTRIBUTION DEDUCTION UNDER SECTION 170(B)(1)(A), AND COMMUNITY ENTERPRISE DEVELOPMENT SERVICES HAS BEEN CLASSIFIED AS AN ORGANIZATION THAT IS NOT A PRIVATE FOUNDATION UNDER SECTION 509(A). THE ORGANIZATION APPLIES A MORE-LIKELY-THAN-NOT MEASUREMENT METHODOLOGY TO REFLECT THE FINANCIAL STATEMENT IMPACT OF UNCERTAIN TAX POSITIONS TAKEN OR EXPECTEDTO BE TAKEN IN A TAX RETURN. AFTER EVALUATING THE TAX POSITIONS TAKEN, NONE ARE CONSIDERED TO BE UNCERTAIN; THEREFORE, NO AMOUNTS HAVE BEEN RECOGNIZED AS OF YEAR END. false false false false false false false false false ALEXANDRIA WISE Executive Dir. 162247 7215 8355 177817 ANTHONY PELZ DIRECTOR OF LENDING 156476 1913 158389 Form 990, Part VI, Section B, Line 11b THE 990 IS REVIEWED BY THE EXECUTIVE DIRECTOR AND THEN PRESENTED AT THE MEETING OF THE BOARD OF DIRECTORS BEFORE FILING. Form 990, Part VI, Section B, Line 12c THE CONFLICT OF INTEREST REVIEW FORM IS INCLUDED IN BOARD MEMBER APPLICATIONS AND EMPLOYEE ONBOARDING AND THE FORM WILL BE RE-FILLED OUT ANNUALLY. Form 990, Part VI, Section B, Line 15a THE BOARD OF DIRECTORS DETERMINES THE EXECUTIVE DIRECTOR'S SALARY. COMPENSATION IS INITIATED BY THE EXECUTIVE DIRECTOR AND APPROVED BY THE BOARD OF DIRECTORS. Form 990, Part VI, Section C, Line 19 THE ORGANIZATION'S GOVERNING DOCUMENTS ARE AVAILABLE FOR ANYONE INTERESTED TO VIEW AT OUR OFFICE AND OTHER APPROPRIATE PUBLIC AGENCIES.