Des Moines Redevelopment Company
- Assets
- $149.7k
- Revenue
- $5.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Des Moines, IA
- Founding
- 06/2014
- Data as of
- 12/2023
- EIN
- 46-0844081
Organization Overview
Des Moines Redevelopment Company is located in Des Moines, IA. The organization was established in 2014. According to its NTEE Classification (S99) the organization is classified as: Community Improvement & Capacity Building N.E.C., 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. Des Moines Redevelopment Company is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2023, Des Moines Redevelopment Company generated $5.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (23.4%) each year. All expenses for the organization totaled $33.5k 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 FACILITATE URBAN RENEWAL WITHIN THE CITY OF DES MOINES, IOWA THROUGH THE PURCHASE ANDPREPARATION OF LAND FOR NEW ECONOMIC DEVELOPMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
A SIGNIFICANT ACTIVITY OF THE ORGANIZATION IS THE SELECTION AND PURCHASE OF REAL ESTATE DESIGNATED BY THE ORGANIZATION'S BOARD OF DIRECTORS AS SUITABLE FOR THE ORGANIZATION'S SOCIAL WELFARE PURPOSES. AFTER PURCHASE OF SUITABLE REAL ESTATE, THE ORGANIZATION WILL WORK WITH GOVERNMENT BODIES AND PRIVATE ORGANIZATIONS TO DEVELOP STRATEGIES FOR USE OF THE REAL ESTATE. THE ORGANIZATION, ALONG WITH THESE PUBLIC BODIES AND PRIVATE GROUPS, WILL ANALYZE AND EVALUATE USES FOR THE PURCHASED REAL ESTATE THAT WILL FACILITATE THE URBAN RENEWAL AND ECONOMIC DEVELOPMENT OF DES MOINES. THESE USES MAY INCLUDE SALE OF THE REAL ESTATE FOR ECONOMIC DEVELOPMENT USE, DEMOLITION OF PROPERTIES TO FACILITATE BETTER USE OF LAND, AND LEASING PURCHASED REAL ESTATE FOR URBAN RENEWAL AND ECONOMIC DEVELOPMENT USAGE.
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) | Role | Hours | Compensation |
|---|---|---|---|
Daniel J Houston President | OfficerTrustee | 1 | $0 |
Gerard D Neugent Vice President | OfficerTrustee | 1 | $0 |
Amanda Briggs Secretary/treasurer | OfficerTrustee | 1 | $0 |
Darren Rebelez Director | Trustee | 1 | $0 |
Scott Jean Director | Trustee | 1 | $0 |
Rick J Tollakson 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 | $0 |
| Investment income | $5,945 |
| 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 | $5,945 |
| 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 | $0 |
| Fees for services: Legal | $0 |
| 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 | $31,378 |
| 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 | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,981 |
| All other expenses | $175 |
| Total functional expenses | $33,534 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $15,168 |
| Savings and temporary cash investments | $550 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $133,959 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $149,677 |
| 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 | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $149,677 |
| 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 | $149,677 |