St Louis Pdc I
- Assets
- $5.7m
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 0
- Location
- Saint Louis, MO
- Founding
- 12/1990
- Data as of
- 12/2021
- 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 12/2021, St Louis Pdc I generated $1.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 25.5% each year . All expenses for the organization totaled $602.3k during the year ending 12/2021. 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
2021
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 |
|---|---|---|---|
Stephen Acree President (thru 6/30) | OfficerTrustee | 1 | $0 |
Mark Stroker Vice President | OfficerTrustee | 1 | $0 |
Frederick Bonasch Secretary | OfficerTrustee | 1 | $0 |
Peter Kaiser Treasurer | OfficerTrustee | 1 | $0 |
Terrell Carter President | Officer | 1 | $0 |
David C Mason 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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $1,497,102 |
| Investment income | $634 |
| 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 | $1,497,934 |
| 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 | $39,726 |
| Fees for services: Legal | $1,888 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $33,816 |
| Advertising and promotion | $0 |
| Office expenses | $8,357 |
| Information technology | $3,122 |
| Royalties | $0 |
| Occupancy | $336,629 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $62,982 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $54,001 |
| Insurance | $27,405 |
| All other expenses | $0 |
| Total functional expenses | $602,333 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $14,984 |
| Savings and temporary cash investments | $1,218,157 |
| 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 | $1,488,073 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $1,640,881 |
| Intangible assets | $0 |
| Other assets | $1,290,236 |
| Total assets | $5,652,331 |
| 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 | $1,784,942 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $41,039 |
| Total liabilities | $1,825,981 |
| Net assets without donor restrictions | $3,826,350 |
| 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 | $5,652,331 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Foundation For Affordable Housing Omaha, NE | $529,060,224 | $34,736,721 |
Nef Community Investments Inc Chicago, IL | $49,835,744 | $69,249,511 |
Resurrection Project Chicago, IL | $50,016,508 | $28,523,400 |
One Vision Clear Lake, IA | $49,722,327 | $26,134,344 |
Elevate Housing Foundation Lincolnwood, IL | $28,372,310 | $19,775,453 |
Community Investment Corp Chicago, IL | $332,682,140 | $31,622,758 |
Friendship Haven Inc Fort Dodge, IA | $50,931,455 | $22,390,428 |
Habitat For Humanity International Inc Omaha, NE | $36,900,454 | $19,457,975 |
North East Community Action Corporation Bowling Green, MO | $19,489,309 | $16,722,475 |
Affordable Housing Development Fund Inc Rockford, IL | $87,465,066 | $18,557,415 |
Chicago Low Income Housing Trust Fund Chicago, IL | $68,435,328 | $24,410,244 |
Interfaith Housing Development Corporation Of Chicago Chicago, IL | $13,790,371 | $15,355,980 |