2026-01-16T12:35:04-05:00 2025-09-30 581941470 HOLLAND BROMLEY BARNHILL & BRETT LLP 530 STEPHENSON AVE STE 200 SAVANNAH GA 31405 990 2024-10-01 581395933 COASTAL AREA DISTRICT DEVELOPMENT AUTHORITY INC COAS 9122612500 501 GLOUCESTER STREET SUITE 201 BRUNSWICK GA 31520 TERRENCE LOUK CEO 3305509198 2025-12-16 true true SHANNON L BRETT P00558136 9122353410 2026-01-16 X 2024 2025-03-06 01:10:19Z TERRENCE LOUK 501 GLOUCESTER STREET SUITE 201 BRUNSWICK GA 31520 1432081 false X WWW.CADDA-SBA.ORG X 1976 GA ECONOMIC DEVELOPMENT LENDING. 14 14 7 0 0 633131 683330 285087 342008 256925 404711 1175143 1430049 0 0 554202 564185 0 0 331307 372522 885509 936707 289634 493342 24091014 24790811 1011793 1218248 23079221 23572563 CREATE OR RETAIN PERMANENT JOBS AND INCREASE PRODUCTIVITY IN THE COASTAL GEORGIA AREA THROUGH ECONOMIC DEVELOPMENT LOAN PROGRAMS. false false 329869 976948 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. 14952 75380 CADDA PROVIDES FUNDING THROUGH THE INTERMEDIARY RELENDING PROGRAM FOR NEW BUSINESSES AT REASONABLE INTEREST RATES DESIGNATED TO PROVIDE ASSISTANCE FOR BUSINESSES IN RURAL AREAS. 73310 352301 NONPUBLIC FUNDS ARE UNRESTRICTED FUNDS GENERATED PRIMARILY THROUGH CHARGES FOR LOAN SERVICES PROVIDED BY CADDA. 418131 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 14 14 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 ALEX BROWN BOARD MEMBER 1.00 X 0 0 0 CHERISE CARTWRIGHT TREASURER 1.00 X 0 0 0 JAMES COUGHLIN BOARD MEMBER 1.00 X 0 0 0 KEITH CRUSAN BOARD MEMBER 1.00 X 0 0 0 PAUL DEEPIKA BOARD MEMBER 1.00 X 0 0 0 JOE FORD SECRETARY 1.00 X 0 0 0 CHRIS HARPER VICE CHAIRMA 1.00 X 0 0 0 JAMES DRAKE JR BOARD MEMBER 1.00 X 0 0 0 CEDRIC KING BOARD MEMBER 1.00 X 0 0 0 DANIEL NORMAN BOARD MEMBER 1.00 X 0 0 0 JAMES ROGERS CHAIRMAN 1.00 X 0 0 0 CRAIG ROOT 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 683330 683330 683330 344040 344040 2032 -2032 -2032 -2032 LOAN SERVICE REVENUE 288032 288032 OTHER 116679 116679 404711 1430049 1430049 135000 86826 48174 297998 191660 106338 97379 54417 42962 33808 21743 12065 1295 845 450 59238 59238 34141 17612 16529 42394 50 42344 3275 3275 15846 15846 20260 4063 16197 39809 8203 31606 15011 8381 6630 61002 525 60477 20499 20499 DUES & SUBSCRIPTIONS 42408 14889 27519 BAD DEBTS EXPENSES 6150 6150 TELEPHONE 5851 5851 REPAIRS & MAINTENANCE 3153 1785 1368 2190 982 1208 936707 418131 518576 0 10206080 11051932 13554777 13080627 293708 228246 94757 65462 235400 592790 24091014 24790811 41520 54103 816771 1086554 153502 77591 1011793 1218248 X 23079221 23572563 23079221 23572563 24091014 24790811 X 493342 X false true X true true true 72532 40538 31994 221176 187708 33468 65462 LINE OF CREDIT 40087 LEASE OBLIGATIONS 37504 77591 1923932 491851 491851 1432081 -2032 -2032 1430049 1430590 491851 491851 938739 -2032 -2032 936707 SCHEDULE D, PAGE 4, PART XI, LINE 2D INDIRECT COST RECOVERY 491,851 SCHEDULE D, PAGE 4, PART XI, LINE 4B LOSS ON DISPOSAL -2,032 SCHEDULE D, PAGE 4, PART XII, LINE 2D CURRENT ALLOCATED EXPENSES 491,851 SCHEDULE D, PAGE 4, PART XII, LINE 4B LOSS ON DISPOSAL -2,032 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 491,851 LOSS ON DISPOSAL 2,032 CURRENT ALLOCATED EXPENSES -491,851 LOSS ON DISPOSAL -2,032