2024-02-08T12:54:54-06:00 2023-09-30 382157642 MANER COSTERISAN PC 2425 E GRAND RIVER SUITE 1 LANSING MI 489123291 990 2022-10-01 383445097 COMMUNITY ECONOMIC DEVELOPMENT ASSOCIATION OF MICHIGAN COMM 5174853588 1118 S WASHINGTON AVE LANSING MI 489101647 LUKE FORREST EXECUTIVE DIRECTOR 5174853588 2024-02-06 1 LUKE FORREST 999009999 1 MADALYN A HENRY CPA P01593548 5173237500 2024-02-07 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z LUKE FORREST 1118 S WASHINGTON AVE LANSING MI 489101647 3268290 0 X WWW.CEDAMICHIGAN.ORG X 1998 MI COMMUNITY-BASED ECONOMIC DEVELOPMENT TO REVITALIZE & REBUILD MI COMMUNITIES & NEIGHBORHOODS. 17 17 51 100 0 0 3148731 2327405 928199 912194 878 27718 19038 973 4096846 3268290 717090 343211 0 0 1939971 2056236 0 0 0 773884 790977 3430945 3190424 665901 77866 2302310 3086019 382285 1044568 1920025 2041451 X THE COMMUNITY ECONOMIC DEVELOPMENT ASSOCIATION OF MICHIGAN (CEDAM) SUPPORTS ITS DIVERSE MEMBERSHIP TO CREATE VIBRANT, SUSTAINABLE AND RESILIENT COMMUNITIES. WE ENHANCE LOCALLY-DRIVEN COMMUNITY ECONOMIC DEVELOPMENT EFFORTS THROUGH TRAINING AND RESOURCES, TECHNICAL ASSISTANCE, CAPACITY BUILDING AND POLICY ADVOCACY. 0 0 1418610 275856 THE TRAINING PROGRAM IS USED TO TRAIN APPROXIMATELY 500 INDIVIDUALS FROM NON-PROFIT ORGANIZATIONS TO BUILD ORGANIZATIONAL CAPACITY; TRAINING TOPICS OFTEN INCLUDE INTENSIVE AFFORDABLE HOUSING DEVELOPMENT AND FINANCING, NEW ASSET-BUILDING STRATEGIES, AND OTHER COMMUNITY DEVELOPMENT-RELATED TOPICS.THE MICHIGAN EARNED IMPACT COALITION (MEIC) UNITES INDIVIDUALS, ORGANIZATIONS AND LOCAL INITIATIVES COMMITTED TO SUPPORTING TAX CREDIT AND ASSET BUILDING OPPORTUNITIES FOR MICHIGAN FAMILIES THROUGH IMPROVED ACCESS TO FREE, QUALITY, INCOME TAX PREPARATION ASSISTANCE; MICHIGAN COMMUNITIES FOR FINANCIAL EMPOWERMENT (MCFE)IS A NETWORK FOR LOCAL LEADERS WORKING TO INTEGRATE FINANCIAL EMPOWERMENT WITH CORE PUBLIC AND NONPROFIT SERVICES. MCFE MEMBERS HELP MICHIGAN RESIDENTS TO REACH FINANCIAL STABILITY THROUGH FINANCIAL EDUCATION AND COUNSELING, ACCESS TO AFFORDABLE FINANCIAL PRODUCTS AND SERVICES, OPPORTUNITIES TO SAVE AND BUILD WEALTH, AND CONSUMER PROTECTIONS. AS THE HOST ORGANIZATION FOR THE NETWORK, CEDAM PROVIDES MEMBERS TRAINING, TECHNICAL ASSISTANCE AND FUNDING TO DEVELOP AND EXPAND FINANCIAL EMPOWERMENT INITIATIVES IN THEIR COMMUNITIES. CEDAM ALSO LEADS CONSUMER PROTECTIONS ADVOCACY IN THE STATE TO PROTECT MICHIGAN RESIDENTS IN THE FINANCIAL MARKETPLACE. 575658 343211 CEDAM MANAGES THE COMMUNITY DEVELOPMENT FELLOWSHIP WITH SUPPORT FROM THE MICHIGAN ECONOMIC DEVELOPMENT CORPORATION (MEDC). FELLOWS ARE PLACED IN COMMUNITIES ENGAGED OR CERTIFIED IN REDEVELOPMENT READY COMMUNITIES (RRC) FOR FIFTEEN MONTHS AND WORK ON A VARIETY OF PROJECTS TO EXPAND ORGANIZATIONAL CAPACITY, INCREASE LOCAL COLLABORATION, AND REMOVE BARRIERS TO DEVELOPMENT. 558518 637311 80,000 AMERICANS USE AMERICORPS NATIONAL COMMUNITY SERVICE PROGRAMS TO GIVE BACK TO THEIR COMMUNITIES EVERY YEAR. DURING THEIR SERVICE, MEMBERS RECEIVE INVALUABLE PROFESSIONAL DEVELOPMENT IN THE NONPROFIT SECTOR, AN EDUCATION AWARD MATCHING THE PELL GRANT AND A LIVING ALLOWANCE.AMERICORPS PROGRAMS DO MORE THAN MOVE COMMUNITIES FORWARD; THEY SERVE THEIR MEMBERS BY CREATING JOBS AND PROVIDING PATHWAYS TO OPPORTUNITY FOR PEOPLE ENTERING THE NONPROFIT FIELD. AMERICORPS PLACES THOUSANDS OF AMERICANS INTO INTENSIVE SERVICE POSITIONS WHERE THEY LEARN VALUABLE WORK SKILLS, EARN MONEY FOR EDUCATION, AND DEVELOP AN APPRECIATION FOR CITIZENSHIP. 2552786 1 1 0 1 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 16 0 1 51 1 0 0 0 0 0 0 0 0 0 0 0 0 X 17 17 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MI X BEN DOWD 5174853588 1118 S WASHINGTON AVE LANSING MI 489101647 LUKE FORREST EXECUTIVE DIRECTOR 40.00 X 140361 0 53362 CJ FELTON DIRECTOR (STARTED 6/23) 1.00 X 0 0 0 LISA EVANS DIRECTOR (STARTED 6/23) 1.00 X 0 0 0 YOLANDA JACKSON DIRECTOR (STARTED 6/23) 1.00 X 0 0 0 PENNY PAYEA DIRECTOR (STARTED 6/23) 1.00 X 0 0 0 DEAMO MURPHY DIRECTOR 1.00 X 0 0 0 BRION EDWARDS DIRECTOR 1.00 X 0 0 0 DANA CHRISTIAN DIRECTOR 1.00 X 0 0 0 HOPE LOVELL DIRECTOR 1.00 X 0 0 0 BARBARA SISTRUNK DIRECTOR 1.00 X 0 0 0 JONATHAN STIMSON DIRECTOR 1.00 X 0 0 0 ZOSIA EPPENSTEINER DIRECTOR 1.00 X 0 0 0 BRAD MICHAUD DIRECTOR 1.00 X 0 0 0 CHRISTINE BELL DIRECTOR (ENDED 5/23) 1.00 X 0 0 0 LUAN NGUYEN DIRECTOR (ENDED 5/23) 1.00 X 0 0 0 LIBBY PALACKDHARRY SECRETARY 1.00 X X 0 0 0 ANGELA AARON-BENIFIELD DIRECTOR (ENDED 5/23)/TREASURER 1.00 X X 0 0 0 ESSENCE WILSON VICE PRESIDENT 1.00 X X 0 0 0 RAWLEY VAN FOSSEN TREASURER (ENDED 5/23)/PRESIDENT 1.00 X X 0 0 0 CHARLOTTE SMITH PRESIDENT(ENDED 5/23)/PAST PRESIDENT 1.00 X X 0 0 0 JEREMY DEROO PAST PRESIDENT (ENDED 5/23) 1.00 X X 0 0 0 140361 0 53362 1 0 1 0 0 1185324 1142081 2327405 AMERICORP & VISTA REVE 900099 637311 637311 SERVICE FEES 900099 120475 120475 TRAINING REVENUE 900099 108583 108583 MEMBERSHIP DUES 900099 45825 45825 912194 27718 27718 MISCELLANEOUS 900099 973 973 973 3268290 913167 0 27718 343211 343211 187967 144735 43232 1556689 1198651 358038 119001 91631 27370 62239 47924 14315 130340 100362 29978 28404 28404 21920 21920 291822 218601 73221 4500 4500 69053 60485 8568 38039 32039 6000 2060 1735 325 52437 41950 10487 TRAINING 159601 134425 25176 FELLOWS EXPENSES 59003 59003 STAFF AND BOARD EXPENSE 48371 38697 9674 DUES/SUBSCRIPTION 8597 6878 1719 7170 6039 1131 3190424 2552786 637638 0 1434663 2106819 578566 0 277695 253462 37467 22746 11386 14721 622127 0 88890 2302310 3086019 137398 125464 244887 830214 0 88890 382285 1044568 X 1920025 2041451 1920025 2041451 2302310 3086019 77866 43560 0 X 0 1 X 1 0 X 1781579 1649352 1671320 3148731 2327405 10578387 1781579 1649352 1671320 3148731 2327405 10578387 1286181 9292206 21885 4156 1425 878 27718 56062 360 7500 15000 12500 35360 1856 6538 973 9367 10679176 2935922 0.87010 0.83560 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS - 2020 AMOUNT: $ 1,856. 2021 AMOUNT: $ 6,538. 2022 AMOUNT: $ 973. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 21920 21920 3168504 3190424 309521 77380 0 0 224325 254494 321547 309521 1109887 1664831 12347 7578 14000 21920 55845 56081 63624 80387 77380 277472 416208 22772 8051 14721 14695 14695 0 14721 OPERATING LEASE LIABILITY 88890 88890 X 3311850 43560 43560 3268290 0 3268290 3190424 0 3190424 0 3190424 PART X, LINE 2: IN THE PREPARATION OF TAX RETURNS, TAX POSITIONS ARE TAKEN BASED ON INTERPRETATION OF FEDERAL, STATE AND LOCAL INCOME TAX LAWS. MANAGEMENT PERIODICALLY REVIEWS AND EVALUATES THE STATUS OF UNCERTAIN TAX POSITIONS AND MAKES ESTIMATES OF AMOUNTS, INCLUDING INTEREST AND PENALTIES, ULTIMATELY DUE OR OWED. NO AMOUNTS HAVE BEEN IDENTIFIED, OR RECORDED, AS UNCERTAIN TAX POSITIONS. FEDERAL, STATE AND LOCAL TAX RETURNS GENERALLY REMAIN OPEN FOR EXAMINATION BY THE VARIOUS TAXING AUTHORITIES FOR A PERIOD OF THREE TO FOUR YEARS. 1 ACCOUNTING AID SOCIETY 3031 W GRAND BLVD SUITE 470 DETROIT MI 48202 237310753 501(C)(3) 101450 0 FREE TAX PREP EXPANSION GRANT AND DATA COLLECTION GRANT CITY OF LANSING 124 W MICHIGAN AVE FL 8 FINANCE LANSING MI 48933 386004628 50000 0 CSA INNOVATION GRANT LAPEER COUNTY COMMUNITY FOUNDATION 235 W NEPESSING ST LAPEER MI 48446 201271563 501(C)(3) 49500 0 CSA INNOVATION GRANT COMMUNITY FOUNDATION FOR MUSKEGON COUNTY 425 WESTERN AVENUE 200 MUSKEGON MI 49440 386114135 501(C)(3) 50000 0 CSA INNOVATION GRANT HEART OF WEST MICHIGAN UNITED WAY 118 COMMERCE AVENUE SW SUITE 100 GRAND RAPIDS MI 49503 381360923 501(C)(3) 42261 0 FREE TAX PREP EXPANSION GRANT FREMONT AREA COMMUNITY FOUNDATION PO BOX B FREMONT MI 49412 381443367 501(C)(3) 50000 0 CSA INNOVATION GRANT 5 1 PART I, LINE 2: ALL GRANTS WHICH CEDAM RECEIVES WILL BE HANDLED WITHIN ACCORDANCE OF THE TERMS AND CONDITIONS OUTLINED IN THE GRANT AGREEMENT. FUNDS WILL ONLY BE USED FOR ALLOWABLE ACTIVITY AND DOCUMENTATION OF THE FUNDS SPENT WILL BE KEPT ON FILE IN ACCORDANCE TO THE REQUIREMENTS OF THE GRANT. ALL FUNDS WILL BE TRACKED THROUGH ACCOUNTING SOFTWARE, AS APPROPRIATE, TO PROVIDE REPORTING DATA. ANY FUNDS NOT USED FOR THE INTEDED PURPOSE WILL BE SUBJECT TO THE TERMS OF THE GRANT AGREEMENT. X X X X X 0 0 0 0 0 0 0 0 0 LUKE FORREST EXECUTIVE DIRECTOR 140361 0 0 0 0 0 10768 0 42594 0 193723 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 THE CORPORATION IS ORGANIZED ON A NON-STOCK BASIS. FORM 990, PART VI, SECTION A, LINE 7A THE ORGANIZATION'S MEMBERSHIP ELECTS THE GOVERNING BOARD TO STAGGERED TERMS EVERY YEAR, ACCORDING TO THE BY-LAWS. FORM 990, PART VI, SECTION B, LINE 11B THE FINANCE COMMITTEE REVIEWS THE 990 AFTER IT IS PREPARED AND RECOMMENDS APPROVAL TO THE BOARD. THE BOARD THEN ACTS TO APPROVE THE 990, AS PREPARED, BEFORE IT IS OFFICIALLY FILED. THIS USUALLY TAKES PLACE AT THE FEBRUARY BOARD MEETING. FORM 990, PART VI, SECTION B, LINE 12C ALL BOARD MEMBERS ARE ANNUALLY REQUIRED TO COMPLETE AND SIGN THE CONFLICT OF INTEREST STATEMENT. ANY NEW POTENTIAL CONFLICTS OF INTEREST ARE DISCUSSED AT BOARD MEETINGS ON A REGULAR BASIS. FORM 990, PART VI, SECTION B, LINE 15 CEDAM'S EXECUTIVE COMMITTEE (MADE UP OF ITS OFFICERS) HANDLES REVIEW OF THE EXECUTIVE DIRECTOR. THE EXECUTIVE COMMITTEE USES A COMBINATION OF METHODS FOR EVALUATING THE EXECUTIVE DIRECTOR'S PERFORMANCE, INCLUDING REVIEW OF THE EXECUTIVE DIRECTOR'S PAST WORK, SURVEYING OTHER BOARD MEMEBERS FOR THEIR EVALUATION ON PERFORMANCE, AND CONSULTING SALARY GUIDES AND SALARY LEVELS OF EXECUTIVES IN SIMILAR POSITIONS/ORGANIZATIONS. THE EXECUTIVE COMMITTEE PROVIDES A WRITTEN SUMMARY OF THEIR ACTIONS AND RECOMMENDED ACTIONS TO THE BOARD FOR APPROVAL. DOCUMENTATION OF THE PROCESS IS STORED WITH CEDAM'S PERSONNEL RECORDS. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.