St Louis Pdc I
- Assets
- $5.5m
- Revenue
- $795.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Saint Louis, MO
- Founding
- 12/1990
- Data as of
- 12/2023
- EIN
- 43-1561434
Organization Overview
St Louis Pdc I is located in Saint Louis, MO. The organization was established in 1990. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. St Louis Pdc I 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 12/2023, St Louis Pdc I generated $795.0k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 11.2% each year . All expenses for the organization totaled $587.8k during the year ending 12/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO REDEVELOP AND STRENGTHEN COMMUNITIES IN COOPERATION WITH RISE COMMUNITY DEVELOPMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OWNER OF AFFORDABLE, MIXED-INCOME AND MIXED-USE DEVELOPMENTS/GUARANTOR FOR ALL RISE-AFFILIATED REAL ESTATE DEVELOPMENT PROJECTS. ST. LOUIS PUBLIC DEVELOPMENT CORPORATION ("PDC I") OWNS OR PARTICIPATES IN THE OWNERSHIP OF A WIDE RANGE OF AFFORDABLE AND MIXED-INCOME HOUSING AND MIXED-USE REAL ESTATE DEVELOPMENTS WITH OVER 300 RESIDENTIAL UNITS IN UNDERINVESTED COMMUNITIES IN THE ST. LOUIS AREA. PDC I ALSO MAINTAINS A RISK RESERVE TO LEVERAGE THE FINANCIAL GUARANTEES IT MAKES ON BEHALF OF ALL RISE-AFFILIATE REAL ESTATE DEVELOPMENT ACTIVITY. IT CURRENTLY GUARANTEES OVER $47 MILLION IN REAL ESTATE INVESTMENT-RELATED CONTINGENT LIABILITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Terrell Carter President (thru 11/2023) | OfficerTrustee | 1 | $0 |
Colleen Hafner President | OfficerTrustee | 1 | $0 |
Mark Stroker Vice President And Secretary | OfficerTrustee | 1 | $0 |
Mary Campbell Director | Trustee | 1 | $0 |
Jason Ware Treasurer (thru 7/2023) | Officer | 1 | $0 |
Brian Hurd Treasurer | Officer | 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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $791,855 |
| Investment income | $559 |
| 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 | $795,005 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| 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 | $34,792 |
| Fees for services: Legal | $1,790 |
| Fees for services: Accounting | $3,350 |
| 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 | $1,692 |
| Information technology | $3,693 |
| Royalties | $0 |
| Occupancy | $338,604 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $65,844 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $55,599 |
| Insurance | $58,878 |
| All other expenses | $0 |
| Total functional expenses | $587,845 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $25,787 |
| Savings and temporary cash investments | $723,465 |
| 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 | $1,423,602 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $1,639,881 |
| Intangible assets | $0 |
| Other assets | $1,733,693 |
| Total assets | $5,546,428 |
| 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 | $1,717,387 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $222,749 |
| Total liabilities | $1,940,136 |
| Net assets without donor restrictions | $3,606,292 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $5,546,428 |