Form 990 for tax year 2023
Filed by ST LOUIS DEVELOPMENT COROPORATION.
Totals
- Total revenue
- $12,616,455
- Total expenses
- $16,916,916
- Contributions and grants received
- $0
- Grants paid
- $645,125
- Program service revenue
- $11,814,093
- Investment income
- $730,030
- Other revenue
- $72,332
- Total assets, end of year
- $62,231,143
- Total liabilities, end of year
- $62,299,365
- Net assets or fund balances, end of year
- -$68,222
- Program services expenses (Part IX)
- $16,916,916
- Management and general expenses
- $0
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $16,916,916
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: SHARED MGT AND DEV FEE
total $11,814,093 · related or exempt $11,814,093
-
3 · Investment income
total $730,030 · excluded $730,030
-
6a · Gross rents
real property $52,581
-
6b · Less rental expenses
real property $0
-
6c · Rental income or loss
real property $52,581
-
6d · Net rental income or loss
total $52,581 · excluded $52,581
-
11a · Other revenue: MISCELLANEOUS INCOME
total $19,751 · excluded $19,751
-
11e · Other revenue, total
$19,751
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $645,125 · program services $645,125
-
5 · Compensation of officers, directors and key employees
total $1,174,601 · program services $1,174,601
-
7 · Other salaries and wages
total $9,421,144 · program services $9,421,144
-
9 · Other employee benefits
total $1,062,395 · program services $1,062,395
-
10 · Payroll taxes
total $516,898 · program services $516,898
-
12 · Advertising and promotion
total $41,503 · program services $41,503
-
16 · Occupancy
total $254,860 · program services $254,860
-
17 · Travel
total $157,367 · program services $157,367
-
20 · Interest
total $250,419 · program services $250,419
-
22 · Depreciation, depletion and amortization
total $330,942 · program services $330,942
-
23 · Insurance
total $30,522 · program services $30,522
-
24a · Other expenses: CONSULTING
total $4,073,270 · program services $4,073,270
-
24b · Other expenses: SITE IMPROVEMENT
total $1,669,337 · program services $1,669,337
-
24c · Other expenses: SPONSORSHIPS
total $229,934 · program services $229,934
-
24d · Other expenses: EQUIPMENT
total $209,125 · program services $209,125
-
24e · All other expenses
total -$3,150,526 · program services -$3,150,526
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $55,191,463 · end of year $54,086,285
-
4 · Accounts receivable
beginning of year $243,531 · end of year $347,924
-
7 · Other notes and loans receivable
end of year $279,594
-
9 · Prepaid expenses and deferred charges
beginning of year $717,553 · end of year $346,115
-
10a · Land, buildings and equipment: cost or other basis
$541,548
-
10b · Land, buildings and equipment: accumulated depreciation
$541,548
-
10c · Land, buildings and equipment, net
beginning of year $0 · end of year $0
-
11 · Investments: publicly traded securities
beginning of year $39,100 · end of year $40,100
-
15 · Other assets
beginning of year $6,889,966 · end of year $7,131,125
-
17 · Accounts payable and accrued expenses
beginning of year $1,885,605 · end of year $2,093,054
-
25 · Other liabilities
beginning of year $61,364,799 · end of year $60,206,311
-
29 · Capital stock, trust principal or current funds
beginning of year -$168,791 · end of year -$68,222
-
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 $0 · end of year $0
Mission and programs · 2023
Mission
TO IMPROVE THE EFFICIENCY AND EFFECTIVENESS OF THE ECONOMIC DEVELOPMENT ACTIVITIES OF THE CITY OF ST. LOUIS, MISSOURI.
-
SLDC IMPROVES THE EFFICIENCY AND EFFECTIVENESS OF SIX GOVERNMENT AGENCIES AND ST. LOUIS LOCAL DEVELOPMENT COMPANY, ANOTHER TAX-EXEMPT ORGANIZATION, BY PERFORMING ADMINISTRATIVE AND RESEARCH FUNCTIONS. THE CORPORATION ACTS AS AN IMPREST ADMINISTRATION FUND WHICH PAYS THE GENERAL EXPENSES AND ALLOCATES THEM TO THE SEVEN AFFILIATED AGENCIES.
Expenses $16,916,916 · Grants $645,125 · Revenue $11,814,093
As filed on the 2023 return.
Listed in Part VII
-
Shameem Clark-HubbardSHAMEEM CLARK-HUBBARD
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Cara SpencerCARA SPENCER
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Matthew S McBrideMATTHEW S MCBRIDE
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Loura GilbertLOURA GILBERT
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Sean SpencerSEAN SPENCER
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Gary ReedGARY REED
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Calvin ArnoldCALVIN ARNOLD
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Marvin AndersonMARVIN ANDERSON
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
David MeyerDAVID MEYER
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Charles HahnCHARLES HAHN
TREASURER/SVP CFO
- Total calculated
- $157,107
- From this org
- $142,844
- From related orgs
- $0
- Other
- $14,263
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $142,844
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $14,263
- Filer's total
- $157,107
-
Neal RichardsonNEAL RICHARDSON
CHAIRMAN/EXECUTIVE DIR
- Total calculated
- $299,782
- From this org
- $262,058
- From related orgs
- $0
- Other
- $37,724
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $262,058
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $37,724
- Filer's total
- $299,782
-
Lance KnucklesLANCE KNUCKLES
SVP STRATEGIC GROWTH AND D
- Total calculated
- $189,116
- From this org
- $165,920
- From related orgs
- $0
- Other
- $23,196
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $165,920
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $23,196
- Filer's total
- $189,116
-
Stacey Lynn FowlerSTACEY LYNN FOWLER
SVP MINORITY BUSINESS EMPO
- Total calculated
- $183,485
- From this org
- $160,758
- From related orgs
- $0
- Other
- $22,727
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $160,758
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $22,727
- Filer's total
- $183,485
-
Paul OrrPAUL ORR
SVP REAL ESTATE DEVELOPMEN
- Total calculated
- $185,372
- From this org
- $161,164
- From related orgs
- $0
- Other
- $24,208
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $161,164
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $24,208
- Filer's total
- $185,372
-
Simon HuangSIMON HUANG
CHIEF TECHOLOGY OFFICER
- Total calculated
- $159,739
- From this org
- $134,674
- From related orgs
- $0
- Other
- $25,065
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $134,674
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $25,065
- Filer's total
- $159,739
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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
None.
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
-
SLLDC SLFRF GRANTS
$455,000
LOCAL GRANTS
-
ARPA CITYWIDE HOUSING
$160,000
LOCAL GRANTS
-
NEXT ERA CONSTRUCTIONS
$20,000
FACADE IMPROVEMENT
-
SUMMIT SIGN & GRAPHICS LLC
$9,125
FACADE IMPROVEMENT
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
ST LOUIS LOCAL DEVELOPMENT CORPORATION
501(C)(6) · PROVIDE LENDING SERVICES TO SMALL BUSINESS · MO
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 8 May 2025
- IRS schema version
- 2023v6.0
- Source object
- 202521289349303042
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