Community Development Corporation Of Greenfield
- Assets
- $429.6k
- Revenue
- $20.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Greenfield, IA
- Founding
- 12/1997
- Data as of
- 12/2020
- EIN
- 42-1203884
Organization Overview
Community Development Corporation Of Greenfield is located in Greenfield, IA. The organization was established in 1997. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Community Development Corporation Of Greenfield is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2020, Community Development Corporation Of Greenfield generated $20.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (19.6%) each year. All expenses for the organization totaled $35.3k during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (10.5%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTION, MAINTENANCE,DEVELOPMENT, ESTABLISHMENT AND EXPANSION OF AG, COMMERCIAL, AND INDUSTRY IN GREENFIELD
Describe the Organization's Program Activity:
Part 3 - Line 4a
DONATIONS TO LOCAL 501(C)3 ORGANIZATIONS FOR LOCAL PROJECTS AND SUPPORT
SUPPORT OF LOCAL HOTEL FOR COMMUNITY SUSTAINABILITY AND LOCAL SCHOLARSHIP
DUES FOR OTHER 501 ORGANIZATIONS TO HELP SMALL COMMUNITIES
CONFERENCE AND MTG COSTS; DUES TAXES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul Nelson President | OfficerTrustee | 2 | $0 |
Tim Baier Secretary | OfficerTrustee | 1 | $0 |
Scott Tonendrum Vice President | OfficerTrustee | 1 | $0 |
Todd Jones Treasurer | OfficerTrustee | 2 | $0 |
Stacie Hull Executive Director | Trustee | 4 | $0 |
Charlie Dunn Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $11,500 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $11,500 |
| Total Program Service Revenue | $0 |
| Investment income | $1,831 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $2,560 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $20,823 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $15,823 |
| Grants and other assistance to domestic individuals. | $12,500 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $726 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $6,000 |
| Total functional expenses | $35,299 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $42,391 |
| Savings and temporary cash investments | $203,598 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $116,510 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $67,123 |
| Total assets | $429,622 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $46,200 |
| Other liabilities | $0 |
| Total liabilities | $46,200 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $383,422 |
| Total liabilities and net assets/fund balances | $429,622 |
Grants Awarded
Over the last fiscal year, Community Development Corporation Of Greenfield has awarded $0 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Greenfield, IA PURPOSE: 0 | $0 |
Greenfield, IA PURPOSE: 10000 | $0 |
CITY OF GREENFIELD PURPOSE: 0 | $0 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Community Development Corporation Of Greenfield has recieved totaling $6,000.
| Awarding Organization | Amount |
|---|---|
Community Fdn Of Greater Des Moines Des Moines, IA PURPOSE: GRANT DISTRIBUTION - PHASE 2: INTERSTATE SIGNAGE FOR HISTORIC PUBLIC SQUARE | $6,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Convention & Visitors Bureau Of Greater Kansas City Kansas City, MO | $12,878,337 | $11,432,355 |
Wbd Inc Madison, WI | $14,868,892 | $9,399,155 |
Metropolitan Economic Development Association Minneapolis, MN | $45,113,584 | $12,064,856 |
Brighton Park Neighborhood Council Chicago, IL | $4,048,275 | $8,262,492 |
Explore Branson Tourism Branson, MO | $1,396,845 | $7,616,014 |
Mhub Chicago, IL | $5,077,327 | $6,781,086 |
Great Plains Institute For Sustainable Development Minneapolis, MN | $9,896,004 | $8,891,636 |
Minneapolis - St Paul Regional Economic Development Partnership Saint Paul, MN | $5,371,081 | $6,502,146 |
Chicago Neighborhood Initiatives Inc Chicago, IL | $28,044,875 | $6,086,031 |
Omaha Economic Development Corp Omaha, NE | $18,549,776 | $6,962,293 |
Madison Development Corporation Madison, WI | $34,294,523 | $5,181,232 |
Economic Development Corporation Of Kansas City Missouri Kansas City, MO | $4,885,634 | $3,918,676 |