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← INDUSTRIAL DEVELOPMENT AUTHORITY OF THE CITY OF CHANDLER

Form 990 for tax year 2024

Filed by INDUSTRIAL DEVELOPMENT AUTHORITY OF THE CITY OF CHANDLER.

Totals

Total revenue
$213,978
Total expenses
$16,708
Contributions and grants received
$0
Grants paid
$9,100
Program service revenue
$134,539
Investment income
$68,521
Other revenue
$10,918
Total assets, end of year
$1,521,143
Total liabilities, end of year
$3,000
Net assets or fund balances, end of year
$1,518,143
Program services expenses (Part IX)
$9,290
Management and general expenses
$7,418
Fundraising expenses
$0
Program service expenses (Part III)
$16,708

Program services were 55.6% 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: Office Administrative Services

    total $134,539 · related or exempt $134,539

  • 3 · Investment income

    total $68,521 · related or exempt $68,521

  • 11a · Other revenue: Reimbursement of Legal Fees

    total $7,418 · related or exempt $7,418

  • 11b · Other revenue: Application Fees

    total $3,500 · related or exempt $3,500

  • 11e · Other revenue, total

    $10,918

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $9,100 · program services $9,100

  • 11b · Fees: legal

    total $7,418 · program services $0 · management and general $7,418

  • 11g · Fees: other

    total $190 · program services $190

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $228,521 · end of year $109,270

  • 2 · Savings and temporary cash investments

    beginning of year $24,656 · end of year $47,092

  • 3 · Pledges and grants receivable

    beginning of year $2,000 · end of year $0

  • 4 · Accounts receivable

    beginning of year $0 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $1,068,696 · end of year $1,364,781

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,000 · end of year $3,000

  • 27 · Net assets without donor restrictions

    beginning of year $0 · end of year $0

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $1,320,873 · end of year $1,518,143

Mission and programs · 2024

Mission

To enhance employment opportunities and improve Chandler's tax base by focusing on industrial office and retail revitalization and tourism development.

Activities or mission (Part I)

To enhance employment opportunities and improve Chandler's tax base by focusing on industrial, office and retail revitalization and tourism development.

  • To enhance employment opportunities and improve Chandler's tax base by focusing on industrial, office and retail revitalization and tourism development.

    Expenses $16,708 · Grants $9,100 · Revenue $134,539

As filed on the 2024 return.

Listed in Part VII

  • Shannon Wilson

    President

    Total calculated
    $0
    Hours/week
    0.02

  • Anthony Yang

    Secretary

    Total calculated
    $0
    Hours/week
    0.02

  • John Lok

    Vice President

    Total calculated
    $0
    Hours/week
    0.02

  • Lee Kroll

    Treasurer

    Total calculated
    $0
    Hours/week
    0.02

  • Charles Ertl

    Director

    Total calculated
    $0
    Hours/week
    0.02

  • Sunil Das

    Director

    Total calculated
    $0
    Hours/week
    0.02

  • Vacant

    Director

    Total calculated
    $0
    Hours/week
    0.02

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

Provenance

Return type
form_990
Tax year
2024
Filed
21 August 2025
IRS schema version
2024v5.0
Source object
202512339349301331

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