Civic Intelligence

Palestine Economic Development Corporation

EIN 31-1815055 • 501(c)3 • Kansas City, MO

Profile

The Organization was created to address senior housing, youth development, and community development needs in the Greater Kansas City, Missouri metropolitan area.

7920 Ward ParkwayKansas City, MO 64111
Siviq Scores

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

Liabilities / Assets

56th percentile

0.10x

Higher debt load relative to assets than 56% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

92nd percentile

1.83x

Higher debt load relative to revenue than 92% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

23rd percentile

-9.0%

Higher net margin than 23% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

79th percentile

20%

Faster asset growth than 79% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2024

Revenue Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2022 to 2024

Balance Sheet
Liabilities / Assets56th percentile

Assets

Down

$1,957,303

Down $10,179 (-0.5%) from 2023

Liabilities

Down

$201,717

Down $296 (-0.1%) from 2023

Net Assets

Down

$1,755,586

Down $9,883 (-0.6%) from 2023

Operations
Liabilities / Revenue92nd percentileNet Margin23rd percentile

Revenue

Down

$110,309

Down $635,691 (-85%) from 2023

Expenses

Down

$120,192

Down $7,490 (-5.9%) from 2023

Net Income

Down

-$9,883

Down $628,201 (-102%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth79th percentile

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

$2.0M$1.5M$1.0M$500K$0Assets 2011: $1,914,356Liabilities 2011: $837,864Net Assets 2011: $1,076,4922011Assets 2012: $1,211,788Liabilities 2012: $127,029Net Assets 2012: $1,084,7592012Assets 2013: $1,207,493Liabilities 2013: $124,867Net Assets 2013: $1,082,6262013Assets 2014: $1,204,807Liabilities 2014: $124,567Net Assets 2014: $1,080,2402014Assets 2015: $1,206,527Liabilities 2015: $124,726Net Assets 2015: $1,081,8012015Assets 2016: $1,241,491Liabilities 2016: $163,147Net Assets 2016: $1,078,3442016Assets 2017: $1,271,659Liabilities 2017: $175,800Net Assets 2017: $1,095,8592017Assets 2018: $1,268,503Liabilities 2018: $178,392Net Assets 2018: $1,090,1112018Assets 2019: $1,268,795Liabilities 2019: $180,335Net Assets 2019: $1,088,4602019Assets 2020: $1,268,490Liabilities 2020: $183,440Net Assets 2020: $1,085,0502020Assets 2021: $1,276,192Liabilities 2021: $201,124Net Assets 2021: $1,075,0682021Assets 2022: $1,348,776Liabilities 2022: $201,625Net Assets 2022: $1,147,1512022Assets 2023: $1,967,482Liabilities 2023: $202,013Net Assets 2023: $1,765,4692023Assets 2024: $1,957,303Liabilities 2024: $201,717Net Assets 2024: $1,755,5862024

Highlighted filing

2024

Assets$1,957,303
Liabilities$201,717
Net Assets$1,755,586
Open 2024 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$1.0M$500K$0-$500KExpenses 2011: $11,6252011Expenses 2012: $9,9822012Revenue 2013: $3,087Expenses 2013: $5,220Net Income 2013: -$2,1332013Revenue 2014: $638Expenses 2014: $3,024Net Income 2014: -$2,3862014Revenue 2015: $8,400Expenses 2015: $6,839Net Income 2015: $1,5612015Revenue 2016: $50Expenses 2016: $3,507Net Income 2016: -$3,4572016Revenue 2017: $20,240Expenses 2017: $2,725Net Income 2017: $17,5152017Revenue 2018: $450Expenses 2018: $6,198Net Income 2018: -$5,7482018Revenue 2019: $3,295Expenses 2019: $4,946Net Income 2019: -$1,6512019Revenue 2020: $17Expenses 2020: $3,427Net Income 2020: -$3,4102020Revenue 2021: $0Expenses 2021: $9,982Net Income 2021: -$9,9822021Revenue 2022: $0Expenses 2022: -$72,084Net Income 2022: $72,0842022Revenue 2023: $746,000Expenses 2023: $127,682Net Income 2023: $618,3182023Revenue 2024: $110,309Expenses 2024: $120,192Net Income 2024: -$9,8832024

Highlighted filing

2024

Revenue$110,309
Expenses$120,192
Net Income-$9,883
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$1,957,303
Liabilities
$201,717
Net assets
$1,755,586
Revenue
$110,309
Expenses
$120,192
Net income
-$9,883
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.96$0.20$1.76$0.11$0.12$0.01
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.97$0.20$1.77$0.75$0.13$0.62
2022Detailed filing. Detailed filing data is available for this year.$1.35$0.20$1.15$0.00$0.07$0.07
2021Detailed filing. Detailed filing data is available for this year.$1.28$0.20$1.08$0.00$0.01$0.01
2020Detailed filing. Detailed filing data is available for this year.$1.27$0.18$1.09$0.00$0.00$0.00
2019Detailed filing. Detailed filing data is available for this year.$1.27$0.18$1.09$0.00$0.00$0.00
2018Detailed filing. Detailed filing data is available for this year.$1.27$0.18$1.09$0.00$0.01$0.01
2017Detailed filing. Detailed filing data is available for this year.$1.27$0.18$1.10$0.02$0.00$0.02
2016Detailed filing. Detailed filing data is available for this year.$1.24$0.16$1.08$0.00$0.00$0.00
2015Detailed filing. Detailed filing data is available for this year.$1.21$0.12$1.08$0.01$0.01$0.00
2014Detailed filing. Detailed filing data is available for this year.$1.20$0.12$1.08$0.00$0.00$0.00
2013Detailed filing. Detailed filing data is available for this year.$1.21$0.12$1.08$0.00$0.01$0.00
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.21$0.13$1.08$0.01
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.91$0.84$1.08$0.01
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Oct 30, 2025
Return Version
2024v5.2
Gross Receipts
$110,309
Mission and Program Overview

Mission

The Orgaization was created to adress senior housing, youth development. and community development needs in the Greater Kansas City, Missouri metropolitan area.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$910,762$910,762→ $0
Savings and Temporary Cash Investments$350,220$367,799▲ $17,579
Land, Buildings, and Equipment, Net$338,544$338,544→ $0
Investments Program Related$232,234$240,444▲ $8,210
Cash and Non-Interest-Bearing Accounts$131,222$95,254▼ $35,968
Accounts Receivable$4,500$4,500→ $0
Total Assets$1,967,482$1,957,303▼ $10,179
Liabilities
Unsecured Notes Loans Payable$168,666$168,666→ $0
Accounts Payable and Accrued Expenses$33,347$33,051▼ $296
Total Liabilities$202,013$201,717▼ $296
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,765,469$1,755,586▼ $9,883
Total Net Assets Fund Balance$1,765,469$1,755,586▼ $9,883
Total Liabilities and Net Assets / Fund Balance$1,967,482$1,957,303▼ $10,179

Asset Categories

AssetBook ValueDepreciationBasis
Land$338,544-$338,544
Investment Program Related Org$240,444--
Compensation and Service Providers
Top Officer PayScore unavailable

Board Members and Trustees

NameTitle
Melvin GrossChairman
Carrie Rice-harrisDirector
Dan RexrothDirector
James Watkins SrDirector
Karen BoydDirector
Kevind ButlerDirector
Leota JonesDirector
Sharon StaplesDirector
Terry PatnodeDirector
Twana SmithDirector
Wendell JonesDirector
Damon HodgesSecretary/treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$90,688
Program Service Revenue
$0
Investment Income
$19,621
Other Revenue
$0
All Other Contributions
$55,000
Change in Net Assets
$-9,883
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$120,192
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$94,185$6,702-$100,887
Insurance$3,885--$3,885
Fees for Services Accounting-$2,350-$2,350
Office Expenses-$1,367-$1,367
Other Expenses$8,537$965-$965
Fees for Services Legal-$320-$320
Total Functional Expenses$108,488$11,704$0$120,192
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Federal income taxes-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“This tax return was prepared by the external cpa firm and reviewed by management for completeness and accuracy.”

Form 990, Part VI, Section B, Line 15A,B

“These questions are not applicable because we did not pay compensation. However, the questions must be answered to electronically file. Accordingly, we checked no to signify that these questions are not applicable.”

Form 990, Part VI, Section C, Line 19

“The Organization will provide copies of these documents upon request at no charge.”

Filing and Contact Details

Filer

Filer Name
Palestine Economic Development Corporation
EIN
31-1815055
Phone
8169216009
Address
7920 WARD PARKWAY, KANSAS CITY, MO 64111

Signing Officer

Name
Melvin Gross
Title
Chairman
Phone
8169216009
Signed
2025-10-30
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Melvin Gross
Formed
2003
Legal Domicile
Mo
Voting Board Members
12
Independent Board Members
12
Employees
0
Volunteers
12

Preparer

Firm
Welch & Associates LLC
Address
2405 GRAND BOULEVARD SUITE 1040, KANSAS CITY, MO 64108
Preparer
Brian D Welch
Phone
8167562620
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Program expenses are fees paid for professional services related to development activities management and general expenses are fees paid for creation of organizational manuals and policies.”

Raw XML AppendixShowing 400 of 408 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
IRS990/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt033347
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt033051
IRS990/AccountsReceivableGrp/BOYAmt04500
IRS990/AccountsReceivableGrp/EOYAmt04500
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0The Orgaization was created to adress senior housing, youth development. and community development needs in the Greater Kansas City, Missouri metropolitan area.
IRS990/AdvertisingGrp/TotalAmt00
IRS990/AllOtherContributionsAmt055000
IRS990/AllOtherExpensesGrp/TotalAmt00
IRS990/BenefitsToMembersGrp/TotalAmt00
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0YARCO COMPANY INC
IRS990/BooksInCareOfDetail/PhoneNum08165614240
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt07920 WARD PARKWAY
IRS990/BooksInCareOfDetail/USAddress/CityNm0KANSAS CITY
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MO
IRS990/BooksInCareOfDetail/USAddress/ZIPCd064114
IRS990/BusinessRlnWith35CtrlEntInd0false
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt0131222
IRS990/CashNonInterestBearingGrp/EOYAmt095254
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt00
IRS990/CompDisqualPersonsGrp/TotalAmt00
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0false
IRS990/CompensationProcessOtherInd0false
IRS990/ConferencesMeetingsGrp/TotalAmt00
IRS990/ConflictOfInterestPolicyInd0false
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt090688
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt019621
IRS990/CYOtherExpensesAmt0120192
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt0-9883
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt0120192
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0110309
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/TotalAmt00
IRS990/Desc0Our purpose is to encourage and promote the economic, entrepreneurial, commercial, and civic development or redevelopment of a community or area, including construction-rehabilitation of housing that benefits the low-income residents of the communities we serve. Within this purpose, we have begun the development of a new senior citizen assisted livng facility in Kansas City, Missouir urban core.
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0false
IRS990/DonorAdvisedFundInd0false
IRS990/DonorRstrOrQuasiEndowmentsInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/ExpenseAmt0108488
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt02350
IRS990/FeesForServicesAccountingGrp/TotalAmt02350
IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt0320
IRS990/FeesForServicesLegalGrp/TotalAmt0320
IRS990/FeesForServicesLobbyingGrp/TotalAmt00
IRS990/FeesForServicesManagementGrp/TotalAmt00
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt06702
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt094185
IRS990/FeesForServicesOtherGrp/TotalAmt0100887
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt00
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignGrantsGrp/TotalAmt00
IRS990/ForeignOfficeInd0false
IRS990/Form8282PropertyDisposedOfInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt0001.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1001.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt2001.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt3001.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt4001.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt5001.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt6001.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt7001.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt8001.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt9001.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt10001.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11001.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd9X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd10X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd11X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt100
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt110
IRS990/Form990PartVIISectionAGrp/PersonNm0MELVIN GROSS
IRS990/Form990PartVIISectionAGrp/PersonNm1DAMON HODGES
IRS990/Form990PartVIISectionAGrp/PersonNm2JAMES WATKINS SR
IRS990/Form990PartVIISectionAGrp/PersonNm3CARRIE RICE-HARRIS
IRS990/Form990PartVIISectionAGrp/PersonNm4DAN REXROTH
IRS990/Form990PartVIISectionAGrp/PersonNm5TWANA SMITH
IRS990/Form990PartVIISectionAGrp/PersonNm6WENDELL JONES
IRS990/Form990PartVIISectionAGrp/PersonNm7SHARON STAPLES
IRS990/Form990PartVIISectionAGrp/PersonNm8TERRY PATNODE
IRS990/Form990PartVIISectionAGrp/PersonNm9KEVIND BUTLER
IRS990/Form990PartVIISectionAGrp/PersonNm10LEOTA JONES
IRS990/Form990PartVIISectionAGrp/PersonNm11KAREN BOYD
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt1SECRETARY/TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd0false
IRS990/FormationYr02003
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0false
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt012
IRS990/GovernmentGrantsAmt035688
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt00
IRS990/GrantsToDomesticOrgsGrp/TotalAmt00
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt0110309
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt012
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/TotalAmt00
IRS990/InsuranceGrp/ProgramServicesAmt03885
IRS990/InsuranceGrp/TotalAmt03885
IRS990/InterestGrp/TotalAmt00
IRS990/InvestmentIncomeGrp/ExclusionAmt019621
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt019621
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsProgramRelatedGrp/BOYAmt0232234
IRS990/InvestmentsProgramRelatedGrp/EOYAmt0240444
IRS990/IRPDocumentCnt04
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0338544
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0338544
IRS990/LandBldgEquipCostOrOtherBssAmt0338544
IRS990/LegalDomicileStateCd0MO
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingCashInd0X
IRS990/MinutesOfCommitteesInd0false
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0The Orgaization was created to adress senior housing, youth development. and community development needs in the Greater Kansas City, Missouri metropolitan area.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt01765469
IRS990/NetAssetsOrFundBalancesEOYAmt01755586
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt01765469
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt01755586
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/TotalAmt00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt01367
IRS990/OfficeExpensesGrp/TotalAmt01367
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/Desc0Real estae taxes
IRS990/OtherExpensesGrp/Desc1Maintenance and repairs
IRS990/OtherExpensesGrp/Desc2Bank Charges
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0965
IRS990/OtherExpensesGrp/ProgramServicesAmt01881
IRS990/OtherExpensesGrp/ProgramServicesAmt18537
IRS990/OtherExpensesGrp/TotalAmt01881
IRS990/OtherExpensesGrp/TotalAmt18537
IRS990/OtherExpensesGrp/TotalAmt2965
IRS990/OtherSalariesAndWagesGrp/TotalAmt00
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt0910762
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt0910762
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/TotalAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0MELVIN GROSS
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0198710
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0361
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0127682
IRS990/PYProgramServiceRevenueAmt0546929
IRS990/PYRevenuesLessExpensesAmt0618318
IRS990/PYTotalExpensesAmt0127682
IRS990/PYTotalRevenueAmt0746000
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-9883
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0true
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0350220
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0367799
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt085688
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0198710
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt017
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0284415
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt019621
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0361
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt019982
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0546929
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0546929
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt019621
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0361
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt019982
IRS990ScheduleA/InvestmentIncomeCYPct00.02350
IRS990ScheduleA/InvestmentIncomePYPct00.00050
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/TotalAmt00
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.34280
IRS990ScheduleA/PublicSupportPY509Pct00.27960
IRS990ScheduleA/PublicSupportTotal509Amt0291875
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus1YearAmt0539469
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt0539469
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus1YearAmt0539469
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt0539469
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt085688
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0745639
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt017
IRS990ScheduleA/Total509Grp/TotalAmt0831344
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0105309
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0746000
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt017
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0851326
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0false
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt0240444
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0Real estate development costs
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd0C
IRS990ScheduleD/LandGrp/BookValueAmt0338544
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0338544
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Federal income taxes
IRS990ScheduleD/OtherSecuritiesGrp/Desc0Financial derivatives and other financial products
IRS990ScheduleD/OtherSecuritiesGrp/Desc1Closely-held equity interests
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0338544
IRS990ScheduleD/TotalBookValueProgramRltdAmt0240444
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0This tax return was prepared by the external cpa firm and reviewed by management for completeness and accuracy.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1These questions are not applicable because we did not pay compensation. However, the questions must be answered to electronically file. Accordingly, we checked no to signify that these questions are not applicable.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The Organization will provide copies of these documents upon request at no charge.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Program expenses are fees paid for professional services related to development activities management and general expenses are fees paid for creation of organizational manuals and policies.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 15a,b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section C, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part IX, Line 11g
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01967482
IRS990/TotalAssetsEOYAmt01957303
IRS990/TotalAssetsGrp/BOYAmt01967482
IRS990/TotalAssetsGrp/EOYAmt01957303
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt090688
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt011704
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0108488
IRS990/TotalFunctionalExpensesGrp/TotalAmt0120192
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0202013
IRS990/TotalLiabilitiesEOYAmt0201717
IRS990/TotalLiabilitiesGrp/BOYAmt0202013
IRS990/TotalLiabilitiesGrp/EOYAmt0201717
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01765469
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01755586
IRS990/TotalProgramServiceExpensesAmt0108488
IRS990/TotalRevenueGrp/ExclusionAmt019621
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0110309
IRS990/TotalVolunteersCnt012
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01967482
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01957303
IRS990/TravelGrp/TotalAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt0168666
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt0168666
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt03619 East 35th Street
IRS990/USAddress/CityNm0Kansas City
IRS990/USAddress/StateAbbreviationCd0MO
IRS990/USAddress/ZIPCd064128
IRS990/VotingMembersGoverningBodyCnt012
IRS990/VotingMembersIndependentCnt012
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0MELVIN GROSS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHAIRMAN
ReturnHeader/BusinessOfficerGrp/PhoneNum08169216009
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-10-30
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0PALESTINE ECONOMIC DEVELOPMENT CORPORATION
ReturnHeader/Filer/BusinessNameControlTxt0PALE
ReturnHeader/Filer/EIN0311815055
ReturnHeader/Filer/PhoneNum08169216009
ReturnHeader/Filer/USAddress/AddressLine1Txt07920 WARD PARKWAY
ReturnHeader/Filer/USAddress/CityNm0KANSAS CITY
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MO
ReturnHeader/Filer/USAddress/ZIPCd064111
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0431794646
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0WELCH & ASSOCIATES LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt02405 GRAND BOULEVARD SUITE 1040
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0KANSAS CITY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd064108

Document Assets

No mirrored PDF or thumbnail assets are attached yet.