Skip to content
Nonprofiteer
← SOUTHERN IOWA DEVELOPMENT GROUP INC

Form 990 for tax year 2023

Filed by SOUTHERN IOWA DEVELOPMENT GROUP INC.

Totals

Total revenue
$61,886
Total expenses
$35,448
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$29,619
Investment income
$21,776
Other revenue
$10,491
Total assets, end of year
$3,320,024
Total liabilities, end of year
$69,908
Net assets or fund balances, end of year
$3,250,116
Program services expenses (Part IX)
$35,448
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$35,448

Program services were 100.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: LOAN INTEREST INCOME

    total $29,604 · related or exempt $29,604

  • 2b · Program service revenue: ORIGINATION FEES

    total $15 · related or exempt $15

  • 3 · Investment income

    total $21,776 · related or exempt $21,776

  • 11a · Other revenue: MISCELLANEOUS

    total $10,491 · related or exempt $10,491

  • 11e · Other revenue, total

    $10,491

Functional expenses

Part IX, the statement of functional expenses.

  • 24a · Other expenses: CONTRACTUAL EXPENSE

    total $34,364 · program services $34,364

  • 24b · Other expenses: INSURANCE

    total $1,063 · program services $1,063

  • 24c · Other expenses: MISCELLANEOUS

    total $21 · program services $21

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $2,070,216 · end of year $2,252,656

  • 13 · Investments: program-related

    beginning of year $1,239,311 · end of year $1,067,368

  • 17 · Accounts payable and accrued expenses

    beginning of year $85,849 · end of year $69,908

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $3,223,678 · end of year $3,250,116

Mission and programs · 2023

Mission

TO FURTHER THE ECONOMIC DEVELOPMENT OF THE REGION, TO PROMOTE AND ASSIST THE GROWTH AND DEVELOPMENT OF BUSINESS AND TO STIMULATE BUSINESS OPPORTUNITIES IN THE COUNTIES OF ADAIR, ADAMS, CLARKE, DECATUR, UNION, MADISON, RINGGOLD, AND TAYLOR IN SOUTHERN IOWA.

Activities or mission (Part I)

TO FURTHER THE ECONOMIC DEVELOPMENT OF THE REGION, TO PROMOTE AND ASSISTTHE GROWTH AND DEVELOPMENT OF BUSINESS AND TO STIMULATE BUSINESSOPPORTUNITIES IN THE COUNTIES OF ADAIR, ADAMS, CLARKE, DECATUR, UNION,MADISON, RINGGOLD, AND TAYLOR IN SOUTHERN IOWA.

  • WE CLOSED ON NO NEW LOANS THIS FISCAL YEAR. HOWEVER, WE CONTINUE IN OUR SERVICING THE EXISTING LOANS OUTSTANDING. ADDITIONALLY, MANY CONTACTS WERE MADE WITH POTENTIAL NEW INDUSTRIES. WE PROVIDE GAP FINANCING TO ASSIST COMPANIES IN OBTAINING LOANS FROM BANKS AND GRANTS FROM THE STATE. WITH THESE LOANS, WE REQUIRE A CERTAIN NUMBER OF JOBS TO BE CREATED AND A CERTAIN AMOUNT OF PRIVATE INVESTMENT IN THE PROJECT.

    Expenses $29,625 · Revenue $56,268

  • FOR THE FIRST TIME HOMEBUYER PROGRAM, WE CLOSED ON NO NEW LOANS IN THE FISCAL YEAR. WE SERVICED THE EXISTING LOANS OUTSTANDING.

    Expenses $5,823 · Revenue $5,126

  • WE ALSO OPERATE A SMALL CITIES LOAN PROGRAM WHERE LOANS ARE MADE TO CITIES FOR COMMUNITY FACILITIES OR EQUIPMENT. DURING THE YEAR, WE HAD NO LOANS OUTSTANDING IN RELATION TO THIS PROGRAM.

    Revenue $492

As filed on the 2023 return.

Listed in Part VII

  • Colby Holmes

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jerry Walker

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Scott Akin

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Karen Zabel

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Rick Friday

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Beth Waddle

    EXECUTIVE DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Diane Fitch

    VICE - CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Randy Dunbar

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Sam Wengryn

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Doug Davidson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Raelynne Risser

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Meggan Roan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jodie Geist

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Wayne Pantini

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
2 February 2026
IRS schema version
2023v6.0
Source object
202640339349300119

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.