Civic Intelligence

Latimer Development Corporation

EIN 27-1526233 • Latimer, IA

990-N CoverageNTEE S30
Latimer, IA
Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on the latest valid filing.

Source year 2022

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on the latest valid filing.

Source year 2022

Net Margin

53rd percentile

8.9%

Higher net margin than 53% of similar nonprofits.

NTEE S30 • <$500k nonprofits • Source year 2022

Top Officer Pay

82nd percentile

$0

Higher top officer pay than 82% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

NTEE S30 • <$500k nonprofits • Source year 2022

Asset Growth

53rd percentile

0.4%

Faster asset growth than 53% of similar nonprofits.

NTEE S30 • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

66th percentile

9.6%

Faster revenue growth than 66% of similar nonprofits.

NTEE S30 • <$500k nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / AssetsScore unavailable

Assets

Up

$259,701

Up $989 (+0.4%) from 2021

Liabilities

-

No earlier filing loaded for comparison.

Net Assets

Up

$259,701

Up $989 (+0.4%) from 2021

Operations
Liabilities / RevenueScore unavailableNet Margin53rd percentile

Revenue

Up

$11,151

Up $978 (+9.6%) from 2021

Expenses

Down

$10,162

Down $2,325 (-19%) from 2021

Net Income

Up

$989

Up $3,303 (+143%) from 2021

Trend Graphs

Balance Sheet Trend

Asset Growth53rd percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$300K$200K$100K$0Assets 2021: $258,712Net Assets 2021: $258,7122021Assets 2022: $259,701Net Assets 2022: $259,7012022

Highlighted filing

2022

Assets$259,701
Liabilities-
Net Assets$259,701
Open 2022 Filing

Operations Trend

Revenue Growth66th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$15K$10K$5.0K$0-$5.0KRevenue 2021: $10,173Expenses 2021: $12,487Net Income 2021: -$2,3142021Revenue 2022: $11,151Expenses 2022: $10,162Net Income 2022: $9892022

Highlighted filing

2022

Revenue$11,151
Expenses$10,162
Net Income$989
Open 2022 Filing

Filings

Most recent year

2022 • Form 990EZXML pending. An XML filing is linked for this year, but detailed extraction is still pending.

Open filing
Assets
$259,701
Liabilities
-
Net assets
$259,701
Revenue
$11,151
Expenses
$10,162
Net income
$989
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.60$2.60$0.11$0.10$0.01
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.59$2.59$0.10$0.12$0.02
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
May 14, 2024
Return Version
2022v5.0
Gross Receipts
$48,151
Mission and Program Overview

Mission

Attract and retain business and community improvement

Program Services

DescriptionGrantsExpenses
Purchased former medical clinic and resold to funeral home group-$37,000
Attracted new purchasers of essential grocery store$5,000-
Downtown Street front revitalization program$1,380-
Compensation and Service Providers
Top Officer Pay82nd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Doug PeterPresident-$0--
Genny JacobsenVice President-$0--
Cindy PeilSecretary-$0--
Wayne PralleTreasurer-$0--
Filing and Contact Details

Filer

Filer Name
Latimer Development Corporation
EIN
27-1526233
Phone
6414256402
Address
PO Box 443, Latimer, IA 50452

Signing Officer

Name
Doug Peter
Title
President
Phone
6414256402
Signed
2024-05-14
Supplemental Narrative

Additional Explanations

Line 16 - Other expenses

“Insurance - $371 Misc Lock Box - $35 Property Tax, treasurer's office - $428 Latimer Grocery(open house new business) - $45”

Raw XML Appendix110 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990EZ/ActivitiesNotPreviouslyRptInd0false
IRS990EZ/BooksInCareOfDetail/PersonNm0Doug Peter
IRS990EZ/BooksInCareOfDetail/PhoneNum06414256402
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt0111 N Akir St
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0Latimer
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0IA
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd050452
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt0227682
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt0243111
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/CntrctRcvdGreaterThan100KCnt00
IRS990EZ/ContributionsGiftsGrantsEtcAmt0900
IRS990EZ/CostOrOtherBasisExpenseSaleAmt037000
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/EngagedInExcessBenefitTransInd0false
IRS990EZ/ExcessOrDeficitForYearAmt0989
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt02652
IRS990EZ/FiledScheduleAInd0false
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form1120PolFiledInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt0258712
IRS990EZ/Form990TotalAssetsGrp/EOYAmt0259701
IRS990EZ/GainOrLossFromSaleOfAssetsAmt02501
IRS990EZ/GrantsAndSimilarAmountsPaidAmt06381
IRS990EZ/GrossReceiptsAmt048151
IRS990EZ/InvestmentIncomeAmt07750
IRS990EZ/LandAndBuildingsGrp/BOYAmt031030
IRS990EZ/LandAndBuildingsGrp/EOYAmt016590
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt0258712
IRS990EZ/NetAssetsOrFundBalancesEOYAmt0259701
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt0258712
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt0259701
IRS990EZ/OccupancyRentUtltsAndMaintAmt0250
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt02.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt10.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt21.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt32.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0Doug Peter
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1Genny Jacobsen
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2Cindy Peil
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3Wayne Pralle
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0President
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1Vice President
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2Secretary
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3Treasurer
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501cInd0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherEmployeePaidOver100kCnt00
IRS990EZ/OtherExpensesTotalAmt0879
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0Attract and retain business and community improvement
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0Purchased former medical clinic and resold to funeral home group
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt1Downtown Street front revitalization program
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt2Attracted new purchasers of essential grocery store
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt01380
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt15000
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt037000
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/SaleOfAssetsGrossAmt039501
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/StatesWhereCopyOfReturnIsFldCd0IA
IRS990EZ/StatesWhereCopyOfReturnIsFldCd1AL
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt010162
IRS990EZ/TotalProgramServiceExpensesAmt037000
IRS990EZ/TotalRevenueAmt011151
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Insurance - $371 Misc Lock Box - $35 Property Tax, treasurer's office - $428 Latimer Grocery(open house new business) - $45
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Line 16 - Other expenses
ReasonableCauseExplanation/ExplanationTxt0Treasurer was not aware of filing period
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/PersonNm0Doug Peter
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/PhoneNum06414256402
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-05-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0LATIMER DEVELOPMENT CORPORATION
ReturnHeader/Filer/BusinessNameControlTxt0LATI
ReturnHeader/Filer/EIN0271526233
ReturnHeader/Filer/PhoneNum06414256402
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO Box 443
ReturnHeader/Filer/USAddress/CityNm0Latimer
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IA
ReturnHeader/Filer/USAddress/ZIPCd050452
ReturnHeader/ReturnTs02024-05-14T20:57:59Z
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

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