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← INDUSTRIAL DEVELOPMENT AUTHORITY OF THE CITY OF CHANDLER

Form 990 for tax year 2023

Filed by INDUSTRIAL DEVELOPMENT AUTHORITY OF THE CITY OF CHANDLER.

Totals

Total revenue
$190,696
Total expenses
$17,051
Contributions and grants received
$0
Grants paid
$16,800
Program service revenue
$142,540
Investment income
$48,156
Other revenue
$0
Total assets, end of year
$1,323,873
Total liabilities, end of year
$3,000
Net assets or fund balances, end of year
$1,320,873
Program services expenses (Part IX)
$17,051
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$17,051

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: Annual Administrative Fees

    total $142,540 · related or exempt $142,540

  • 3 · Investment income

    total $48,156 · related or exempt $48,156

  • 6d · Net rental income or loss

    total $0 · related or exempt $0 · unrelated business $0

  • 7d · Net gain or loss

    total $0 · related or exempt $0

  • 8c · Net income from fundraising events

    total $0 · unrelated business $0 · excluded $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $16,800 · program services $16,800

  • 11g · Fees: other

    total $251 · program services $251

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $100,033 · end of year $228,521

  • 2 · Savings and temporary cash investments

    beginning of year $8,661 · end of year $24,656

  • 3 · Pledges and grants receivable

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

  • 4 · Accounts receivable

    beginning of year $0 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $1,036,534 · end of year $1,068,696

  • 17 · Accounts payable and accrued expenses

    end of year $3,000

  • 31 · Retained earnings, endowment or other funds

    beginning of year $1,147,228 · end of year $1,320,873

Mission and programs · 2023

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 $17,051 · Grants $16,800 · Revenue $142,540

As filed on the 2023 return.

Listed in Part VII

  • Charles Ertl

    President

    Total calculated
    $0
    Hours/week
    0.02

  • William Nolde

    Vice President

    Total calculated
    $0
    Hours/week
    0.02

  • James Baglini Jr

    Secretary

    Total calculated
    $0
    Hours/week
    0.02

  • John Lok

    Treasurer

    Total calculated
    $0
    Hours/week
    0.02

  • Lee Kroll

    Director

    Total calculated
    $0
    Hours/week
    0.02

  • Shannon Wilson

    Director

    Total calculated
    $0
    Hours/week
    0.02

  • Ed Salanga

    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
2023
Filed
29 August 2024
IRS schema version
2023v5.0
Source object
202412429349302051

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