Form 990 for tax year 2022
Filed by GREATER DAVENPORT REDEVELOPMENT CORPORATION.
Totals
- Total revenue
- $288,905
- Total expenses
- $134,473
- Contributions and grants received
- $30,000
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $255,425
- Other revenue
- $3,480
- Total assets, end of year
- $8,156,399
- Total liabilities, end of year
- $165,208
- Net assets or fund balances, end of year
- $7,991,191
- Program services expenses (Part IX)
- $54,802
- Management and general expenses
- $79,671
- Fundraising expenses
- $0
- Program service expenses (Part III)
- not reported
Program services were 40.8% 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.
-
1e · Government grants (contributions)
$30,000
-
3 · Investment income
total $259,755 · excluded $259,755
-
7a · Gross sales of assets other than inventory
other assets $139,000
-
7b · Less cost or other basis and sales expenses
other assets $143,330
-
7c · Gain or loss
other assets -$4,330
-
7d · Net gain or loss
total -$4,330 · excluded -$4,330
-
11a · Other revenue: ASSOCIATION ASSESSMENTS
total $3,480 · related or exempt $3,480
-
11e · Other revenue, total
$3,480
Functional expenses
Part IX, the statement of functional expenses.
-
11b · Fees: legal
total $3,483 · management and general $3,483
-
11c · Fees: accounting
total $10,510 · management and general $10,510
-
11g · Fees: other
total $61,350 · management and general $61,350
-
12 · Advertising and promotion
total $1,708 · program services $1,708
-
13 · Office expenses
total $64 · management and general $64
-
17 · Travel
total $1,494 · management and general $1,494
-
23 · Insurance
total $2,591 · management and general $2,591
-
24a · Other expenses: ASSOCIATION EXPENSES
total $51,849 · program services $51,849
-
24b · Other expenses: ENGINEERING/ARCHITECT
total $1,245 · program services $1,245
-
24c · Other expenses: MISCELLANEOUS
total $169 · management and general $169
-
24d · Other expenses: BANK SERVICE CHARGES
total $10 · management and general $10
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $7,542,222 · end of year $7,831,544
-
4 · Accounts receivable
end of year $570
-
9 · Prepaid expenses and deferred charges
beginning of year $982 · end of year $644
-
15 · Other assets
beginning of year $466,971 · end of year $323,641
-
17 · Accounts payable and accrued expenses
beginning of year $14,109 · end of year $5,901
-
23 · Secured mortgages and notes payable
beginning of year $159,307 · end of year $159,307
-
27 · Net assets without donor restrictions
beginning of year $7,836,759 · end of year $7,991,191
Mission and programs · 2022
Mission
THE GREATER DAVENPORT REDEVELOPMENT CORPORATION IS A PUBLIC-PRIVATE INDUSTRIAL DEVELOPMENT ORGANIZATION FOR THE CITY OF DAVENPORT, IOWA. THE ORGANIZATION PROVIDES SKILLED AND PROFESSIONAL ASSISTANCE TO COMPANIES PURSUING DEVELOPMENT AND REDEVELOPMENT OPPORTUNITIES IN THE GREATER DAVENPORT AREA.
-
TO FOSTER CAPITAL INVESTMENT IN INDUSTRIAL PROPERTY WITHIN THE CITY OF DAVENPORT, IOWA THROUGH OWNERSHIP, MANAGEMENT, MARKETING AND DEVELOPMENT OF THE EASTERN IOWA INDUSTRIAL CENTER, A 200+ ACRE INDUSTRIAL PARK IN NORTHWEST DAVENPORT. THIS SITE HAS BEEN CERTIFIED BY THE STATE OF IOWA AND OFFERS PRIME INTERSTATE ACCESS FOR MANUFACTURERS AND LOGISTIC OPERATIONS.
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Roy WennlundROY WENNLUND
EXECUTIVE DI
- Total calculated
- $46,350
- From this org
- $46,350
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Ken BeckKEN BECK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Bruce BergerBRUCE BERGER
TREASURER
- Total calculated
- $0
- Hours/week
- 3
-
Rick DunnRICK DUNN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Jason GordonJASON GORDON
BOARD CHAIR
- Total calculated
- $0
- Hours/week
- 4
-
Kyle GrippKYLE GRIPP
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Ashley HendonASHLEY HENDON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
John RichesJOHN RICHES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Greg TheisGREG THEIS
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 3
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
- 2022
- Filed
- 21 December 2023
- IRS schema version
- 2022v5.0
- Source object
- 202440169349303974
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