Southern Iowa Development Group Inc

Organization Overview

Southern Iowa Development Group Inc is located in Creston, IA. The organization was established in 1989. According to its NTEE Classification (S32) the organization is classified as: Rural 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. Southern Iowa Development Group Inc 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 09/2021, Southern Iowa Development Group Inc generated $1.2m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 69.2% each year . All expenses for the organization totaled $217.8k during the year ending 09/2021. While expenses have increased by 40.5% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO FURTHER THE ECONOMIC DEVELOPMENT OF THE REGION, TO PROMOTE AND ASSISTTHE GROWTH AND DEVELOPMENT OF BUSINESS AND TO STIMULATE BUSINESSOPPORTUNITIES IN THE COUNTIES OF ADAIR, ADAMS, CLARKE, DECATUR, UNION,MADISON, RINGGOLD, AND TAYLOR IN SOUTHERN IOWA.

Describe the Organization's Program Activity:

Part 3 - Line 4a

WE CLOSED ON NINE LOANS THIS FISCAL YEAR, IN ADDITON TO SERVICING THE OTHER LOANS OUTSTANDING. ADDITIONALLY, MANY CONTACTS WERE MADE WITH POTENTIAL NEW INDUSTRIES. WE PROVIDE GAP FINANCING TO ASSIST COMPANIES IN OBTAINING LOANS FROM BANKS AND GRANTS FROM THE STATE. WITH THESE LOANS, WE REQUIRE A CERTAIN NUMBER OF JOBS TO BE CREATED AND A CERTAIN AMOUNT OF PRIVATE INVESTMENT IN THE PROJECT.


FOR THE FIRST TIME HOMEBUYER PROGRAM, WE CLOSED ON TWO NEW LOANS IN THE FISCAL YEAR. WE ALSO SERVICE THE NEW LOANS AND THE EXISTING LOANS OUTSTANDING. IN ADDITION, MANY NEW CONTACTS WERE MADE WITH BANKERS AND REALTORS IN ORDER TO PROMOTE OUR PROGRAM. THIS WILL HELP ENSURE THIS PROGRAM IS VIABLE IN THE FUTURE.


WE ALSO OPERATE A SMALL CITIES LOAN PROGRAM WHERE LOANS ARE MADE TO CITIES FOR COMMUNITY FACILITIES OR EQUIPMENT. DURING THE YEAR, WE CURRENTLY HAVE ONE LOAN OUTSTANDING TO THE CITY OF PRESCOTT FOR THE PURCHASE OF A DUMP TRUCK.


Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.

Board, Officers & Key Employees

Name (title)Compensation
Jerry Walker
Chair
$0
Karen Zabel
Secretary
$0
Ron Riley
Treasurer
$0
Diane Fitch
Vice - Chair
$0
Colby Holmes
Director
$0
Doug Birt
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $1,189,502
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$1,189,502
Total Program Service Revenue$27,290
Investment income $1,803
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
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 $1,218,637

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Southern Iowa Development Group Inc has recieved totaling $6,000.

Awarding OrganizationAmount
Alegent Health Mercy Hospital

Corning, IA

PURPOSE: GENERAL SUPPORT

$6,000
View Grant Recipient Profile

Create an account to unlock the data you need.

or