Park Falls Area Community Development Corporation
- Assets
- $333.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 2
- Location
- Park Falls, WI
- Founding
- 01/1998
- Data as of
- 12/2022
- EIN
- 39-1878528
Organization Overview
Park Falls Area Community Development Corporation is located in Park Falls, WI. The organization was established in 1998. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2022, Park Falls Area Community Development Corporation employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Park Falls Area Community Development Corporation is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2022, Park Falls Area Community Development Corporation generated $36.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (15.4%) each year. All expenses for the organization totaled $27.5k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (20.0%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
AREA BUSINESS DEVELOPMENT BY ALLOCATING GRANT AND LOAN FUNDS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jerome Pritzl President | OfficerTrustee | 2 | $0 |
Rick Svehla Director | Trustee | 1 | $0 |
Mike Bebeau Director | Trustee | 1 | $0 |
Sharon Schultz Director | Trustee | 1 | $0 |
Jim Braun Secretary | OfficerTrustee | 1 | $0 |
Derek Wishowski Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $217 |
| Total Program Service Revenue | $22,480 |
| Membership dues | $0 |
| Investment income | $8,916 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $5,000 |
| Total Revenue | $36,613 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $14,292 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $450 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $12,728 |
| Total expenses | $27,470 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $67,687 |
| Other assets | $0 |
| Total assets | $333,908 |
| Total liabilities | $229,217 |
| Net assets or fund balances | $104,691 |