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← EAST CENTRAL DEVELOPMENT CORPORATION

Form 990 for tax year 2022

Filed by EAST CENTRAL DEVELOPMENT CORPORATION.

Totals

Total revenue
$300,910
Total expenses
$634,323
Contributions and grants received
$155,685
Grants paid
$0
Program service revenue
$144,702
Investment income
$173
Other revenue
$350
Total assets, end of year
$102,124
Total liabilities, end of year
$11,700
Net assets or fund balances, end of year
$90,424
Program services expenses (Part IX)
$612,435
Management and general expenses
$21,888
Fundraising expenses
$0
Program service expenses (Part III)
$612,435

Program services were 96.5% 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)

    $155,685

  • 2a · Program service revenue: CONTRACT REVENUE

    total $144,702 · excluded $144,702

  • 3 · Investment income

    total $173 · related or exempt $173

  • 11a · Other revenue: MISCELLANEOUS

    total $350 · excluded $350

  • 11e · Other revenue, total

    $350

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $17,627 · management and general $17,627

  • 11b · Fees: legal

    total $705 · management and general $705

  • 11c · Fees: accounting

    total $525 · management and general $525

  • 16 · Occupancy

    total $1,072 · management and general $1,072

  • 23 · Insurance

    total $1,959 · management and general $1,959

  • 24a · Other expenses: CONSTRUCTION COSTS

    total $417,497 · program services $417,497

  • 24b · Other expenses: REVOLVING FUND REIMB

    total $117,942 · program services $117,942

  • 24c · Other expenses: GRANT MATCH

    total $50,000 · program services $50,000

  • 24d · Other expenses: DOWNPAYMENT ASSISTANCE

    total $12,475 · program services $12,475

  • 24e · All other expenses

    total $14,521 · program services $14,521

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $153,678 · end of year $94,624

  • 4 · Accounts receivable

    beginning of year $99,362 · end of year $7,500

  • 15 · Other assets

    beginning of year $301,557

  • 17 · Accounts payable and accrued expenses

    beginning of year $124,807 · end of year $11,700

  • 25 · Other liabilities

    beginning of year $5,953

  • 27 · Net assets without donor restrictions

    beginning of year $423,837 · end of year $90,424

Mission and programs · 2022

Mission

TO PROMOTE & ENCOURAGE AFFORDABLE HOUSING IN THE FIVE COUNTY REGION WHICH INCLUDES CEDAR, CLINTON, DUBUQUE, DELAWARE AND JACKSON COUNTIES IN IOWA.

  • HOMELESS PREVENTION & MITIGATION THROUGH ADMINISTRATION OF FEDERAL, STATE AND LOCAL GRANTS AND CONTRIBUTIONS.

    Expenses $482,101

  • EXPLORE DEVELOPMENT OF POCKET NEIGHBORHOODS IN AND AROUND THE FIVE COUNTY REGION SERVED.

    Expenses $130,334 · Revenue $144,702

As filed on the 2022 return.

Listed in Part VII

  • Connie Behnken

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Beth Bonz

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Cori Burbach

    BOARD ALTERN

    Total calculated
    $0
    Hours/week
    1

  • Brad Cavanagh

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • James Flogel

    VICE CHAIR A

    Total calculated
    $0
    Hours/week
    1

  • Scott Maddasion

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Chuck Niehaus

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Derek Olberding

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Timothy Vick

    BEHNKEN ALTE

    Total calculated
    $0
    Hours/week
    1

  • Brian Wagner

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Jeremiah Wiese

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Jack Willey

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Kelley Deutmeyer

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Sharon Nesteby

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Steve Stoffel

    VICE PRES/TR

    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
2022
Filed
19 January 2024
IRS schema version
2022v5.0
Source object
202431369349304258

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