WATERLOO DEVELOPMENT CORPORATION

As filed

Subsection

03

NTEE code

S30

Classification

1000

Street

360 WESTFIELD AVE STE 300

These codes are the IRS's own and are shown exactly as filed. What each one means is in the Business Master File documentation (opens in a new tab).

Other organizations at this address

2 other organizations in the IRS Business Master File list the same street address. matched by us

This address is a suite or unit (STE 300). Organizations that share one are often clients of the same office-services firm, accountant or registered agent rather than related to each other.

We match the street line and ZIP code as the IRS gives them, ignoring case and outer spaces and nothing else, so "AVE" and "AVENUE" count as different streets and this list can miss some. A shared address can mean related organizations or a shared office, but it can also be a registered agent, a mail drop or a service provider holding mail for unrelated clients. It is not, by itself, evidence that two organizations are connected.

• GREATER CEDAR VALLEY CHAMBER OF COMMERCE

  EIN 42-0172610

• GROW CEDAR VALLEY FOUNDATION

  EIN 83-1850385

Mission and programs · 2023

• PROMOTE CIVIC, INDUSTRIAL, MERCANTILE, TRAFFIC AND TRANSPORTATION, AGRICULTURAL AND OTHER INTEREST OF WATERLOO, CEDAR FALLS AND NORTHEAST IOWA AREAS.DURING THE 2014 TAX YEAR, THE ORGANIZATION COMPLETED CONSTRUCTION OF THE CEDAR VALLEY SPORTSPLEX FACILITY, PRIMARILY FUNDED THROUGH PRIVATE FUNDING. THE SPORTSPLEX IS A MULTI-PURPOSE SPORTS FACILITY THAT INCLUDES INDOOR AND OUTDOOR PLAY AREAS, A GYMNASIUM, A FIELD HOUSE WITH BATTING CAGES AND GOLF HITTING AREA, A LEISURE POOL, LOCKER ROOMS AND SEVERAL MULTI PURPOSE ROOMS FOR CONFERENCES OR EXERCISE CLASSES. THE FACILITY IS OPERATED BY THE CITY OF WATERLOO LEISURE SERVICES DEPARTMENT. THE ORGANIZATION HAS ENTERED INTO AN AGREEMENT WITH THE CITY OF WATERLOO, IA TO LEASE THE FACILITY AT A DISCOUNTED RATE WITH AN OPTION TO PURCHASE THE FACILTY FOR $1 UPON THE EXPIRATION OF THE LEASE.

  Expenses $143,272 · Grants $7,000

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Officers and directors · 2023

As listed in Part VII of the 2023 return, in the order the filer printed them. Each return names its own; this is not a roster the organization keeps with us.

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. Earlier years are each on their own filing page.

Filings

• 2023

  Revenue

  $693,984

  Expenses

  $166,766

  Contributions

  $688,160

  Grants paid

  $7,000

• 2022

  Revenue

  $876,951

  Expenses

  $482,293

  Contributions

  $876,722

  Grants paid

  $151,548

The four totals the IRS asks for on Part I of the Form 990, as filed. A dash means the figure was not present on the return — not that it was zero.

Other returns filed

• 2023 · 990-T

  Revenue

  — not reported

  Expenses

  — not reported

  Assets (EOY)

  — not reported

• 2022 · 990-T

  Revenue

  — not reported

  Expenses

  — not reported

  Assets (EOY)

  — not reported

• 2021 · 990

  Revenue

  $123,629

  Expenses

  $127,478

  Assets (EOY)

  $301,044

• 2021 · 990-T

  Revenue

  — not reported

  Expenses

  — not reported

  Assets (EOY)

  — not reported

• 2020 · 990

  Revenue

  $105,846

  Expenses

  $107,343

  Assets (EOY)

  $304,893

• 2020 · 990-T

  Revenue

  — not reported

  Expenses

  — not reported

  Assets (EOY)

  — not reported

• 2019 · 990

  Revenue

  $76,895

  Expenses

  $81,634

  Assets (EOY)

  $306,390

• 2018 · 990

  Revenue

  $1,330,036

  Expenses

  $75,380

  Assets (EOY)

  $311,129

• 2017 · 990

  Revenue

  $1,802,604

  Expenses

  $118,492

  Assets (EOY)

  $639,029

• 2016 · 990

  Revenue

  $2,203,400

  Expenses

  $195,227

  Assets (EOY)

  $1,048,567

Nonprofiteer parses Forms 990, 990-EZ and 990-PF, in a window of recent tax years. These returns are recorded from the IRS e-file index, so their figures were extracted by that index rather than read from the return here — treat them as a different source from the filings above, not as more of the same record. A dash means the index carries no figure; Form 990-T listings carry none at all. Showing the 10 most recent; the API carries the rest.

Grants made

• CITY OF WATERLOO

  $151,548

  2022 · BRIDGE TOWER LIGHTING PROJECT SUPPORT

• CITY OF WATERLOO

  $7,000

  2023 · TO PURCHASE INFRARED SAUNA AT SPORTSPLEX

Where these grants went next →

Grants received

• BLACK HAWK COUNTY GAMING ASSOC

  $3,428,958

  2025 · DOWNTOWN SIGNAGE/HARD COURT FACILITY/PROPERTY ACQUISITION/TERMINATED GRANTS

• BLACK HAWK COUNTY GAMING ASSOC

  $2,492,000

  2024 · PROPERTY ACQUISITIONS/BLIGHT ELIMINATION/PROPERTY ZONING AND RENOVATIONS

• BLACK HAWK COUNTY GAMING ASSOC

  $1,029,250

  2022 · INDOOR COURT FACILITY (HARD COURT TOURNAMENT CENTER), PROPERTY ACQUISITION

• BLACK HAWK COUNTY GAMING ASSOC

  $0

  2023 · HARD COURT TOURNAMENT CENTER

Taxable family

From Schedule R Parts I, III and IV: entities that legally are the filer, and taxable partnerships, corporations and trusts it is related to. These record ownership and control, not shared board members or money.

Other IRS files