Liabilities / Assets
73rd percentile
Higher debt load relative to assets than 73% of similar nonprofits.
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
0.06x
Liabilities / Revenue
91st percentile
Higher debt load relative to revenue than 91% of similar nonprofits.
Net Margin
96th percentile
Higher net margin than 96% of similar nonprofits.
Top Officer Pay
85th percentile
Higher top officer pay than 85% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
38th percentile
Faster asset growth than 38% of similar nonprofits.
Revenue Growth
98th percentile
Faster revenue growth than 98% of similar nonprofits.
Balance Sheet
Assets
Down$470,386
Down $12,606 (-2.6%) from 2013
Net Assets
Up$440,715
Up $30,861 (+7.5%) from 2013
Liabilities
Down$29,671
Down $43,467 (-59%) from 2013
Revenue And Expenses
Revenue
Up$51,094
Up $32,754 (+179%) from 2013
Expenses
Up$20,233
Up $11,808 (+140%) from 2013
Net Income
Up$30,861
Up $20,946 (+211%) from 2013
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Apr 1, 2013 to Mar 31, 2014
- Signed
- Apr 24, 2014
- Return Version
- 2013v3.1
- Gross Receipts
- $51,094
Mission and Program Overview
Mission
The development corporation was formed to help assist in creating new development in the community of george, ia.
The development corporation was formed to help assist in the development of the community of george, ia.
Program Services
| Description | Grants | Expenses |
|---|---|---|
| THE DEVELOPMENT CORPORATION WAS FORMED TO ASSIST IN THE NEW DEVELOPMENTS IN GEORGE, IA. | - | $15,834 |
| THE DEVELOPMENT CORPORATION WAS FORMED TO ASSIST IN THE NEW DEVELOPMENTS IN GEORGE, IA. | - | $4,399 |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| CRAIG MADSEN | President | - | $0 | - | - |
| JOE QUINCY | Vice Pres | - | $0 | - | - |
| CHET VERSCHOOR | Treasurer | - | $0 | - | - |
| BERNIE WIER | Secretary | - | $0 | - | - |
| TIM DE BRUIN | Director | - | $0 | - | - |
| JUDD REIFERS | Director | - | $0 | - | - |
| BRANDON KRUSE | Director | - | $0 | - | - |
| NORM RIEMERSMA | Director | - | $0 | - | - |
| ELDON JOHNSON | Director | - | $0 | - | - |
| BJ VAN BRIESEN | Director | - | $0 | - | - |
Filing and Contact Details
Filer
- EIN
- 42-1258373
Signing Officer
- Name
- Chet Verschoor
- Title
- Treasurer
- Signed
- 2014-04-24
- Discuss with paid preparer
- Yes
Preparer
- Preparer
- Arthur Van Bruggen
- Phone
- 7127252065
Supplemental Narrative
Additional Explanations
Form 990-ez, Part I, Line 16
“Sale of property basis in property sold 13,840 realtor fees 1,191 expenses interest expense 470 insurance 170 dues, fees, & subs 704 property maintenance 963 property taxes 945 office supplies 32 total 18,315”
Form 990-ez, Part II, Line 24
“25,294 25,294 less accumulated depreciation 17,230 18,033 farmers coop stock 25 25 lots under construstion 319,547 313,507 patronage dividend receivable 958 958 spec building 30,634 30,634 utility deposits 35,045 45,420 total 394,273 397,805”
Form 990-ez, Part II, Line 26
“Accrued interest 638 1,108 notes payable 72,500 28,563”
Form 990-ez, Part III
“The development corporation was formed to help assist in the development of the community of george, ia.”
Form 990-ez, Part III, Line 31
“The development corporation was formed to assist in the new developments in george, ia.”
Raw XML Appendix146 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 |
|---|---|---|
| CompensationExplanation/CompensationExplanationGrp/PersonNm | 0 | CRAIG MADSEN |
| CompensationExplanation/CompensationExplanationGrp/PersonNm | 1 | JOE QUINCY |
| CompensationExplanation/CompensationExplanationGrp/PersonNm | 2 | CHET VERSCHOOR |
| CompensationExplanation/CompensationExplanationGrp/PersonNm | 3 | BERNIE WIER |
| CompensationExplanation/CompensationExplanationGrp/PersonNm | 4 | TIM DE BRUIN |
| CompensationExplanation/CompensationExplanationGrp/PersonNm | 5 | JUDD REIFERS |
| CompensationExplanation/CompensationExplanationGrp/PersonNm | 6 | BRANDON KRUSE |
| CompensationExplanation/CompensationExplanationGrp/PersonNm | 7 | NORM RIEMERSMA |
| CompensationExplanation/CompensationExplanationGrp/PersonNm | 8 | ELDON JOHNSON |
| CompensationExplanation/CompensationExplanationGrp/PersonNm | 9 | BJ VAN BRIESEN |
| IRS990EZ/ActivitiesNotPreviouslyRptInd | 0 | false |
| IRS990EZ/BooksInCareOfDetail/PersonNm | 0 | CHET VERSCHOOR |
| IRS990EZ/BooksInCareOfDetail/PhoneNum | 0 | 7124753000 |
| IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1 | 0 | 210 E DAKOTA AVE |
| IRS990EZ/BooksInCareOfDetail/USAddress/City | 0 | GEORGE |
| IRS990EZ/BooksInCareOfDetail/USAddress/State | 0 | IA |
| IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCode | 0 | 51237 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt | 0 | 87719 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt | 0 | 71581 |
| IRS990EZ/ChgMadeToOrgnzngDocNotRptInd | 0 | false |
| IRS990EZ/ContributionsGiftsGrantsEtcAmt | 0 | 26781 |
| IRS990EZ/DonorAdvisedFndsInd | 0 | false |
| IRS990EZ/EngagedInExcessBenefitTransInd | 0 | false |
| IRS990EZ/ExcessOrDeficitForYearAmt | 0 | 30861 |
| IRS990EZ/FeesAndOtherPymtToIndCntrctAmt | 0 | 1115 |
| IRS990EZ/ForeignFinancialAccountInd | 0 | false |
| IRS990EZ/ForeignOfficeInd | 0 | false |
| IRS990EZ/Form1120PolFiledInd | 0 | false |
| IRS990EZ/Form990TotalAssetsGrp/BOYAmt | 0 | 482992 |
| IRS990EZ/Form990TotalAssetsGrp/EOYAmt | 0 | 470386 |
| IRS990EZ/GrossReceiptsAmt | 0 | 51094 |
| IRS990EZ/InfoInScheduleOPartIIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIInd | 0 | X |
| IRS990EZ/InvestmentIncomeAmt | 0 | 1313 |
| IRS990EZ/LandAndBuildingsGrp/BOYAmt | 0 | 1000 |
| IRS990EZ/LandAndBuildingsGrp/EOYAmt | 0 | 1000 |
| IRS990EZ/MadeLoansToFromOfficersInd | 0 | false |
| IRS990EZ/MethodOfAccountingCashInd | 0 | X |
| IRS990EZ/NetAssetsOrFundBalancesBOYAmt | 0 | 409854 |
| IRS990EZ/NetAssetsOrFundBalancesEOYAmt | 0 | 440715 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt | 0 | 409854 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt | 0 | 440715 |
| IRS990EZ/OccupancyRentUtltsAndMaintAmt | 0 | 803 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 0 | 1.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 1 | 1.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 2 | 1.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 3 | 1.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 4 | 1.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 5 | 1.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 6 | 1.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 7 | 1.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 8 | 1.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 9 | 1.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 3 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 4 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 5 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 6 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 7 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 8 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 9 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 0 | CRAIG MADSEN |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 1 | JOE QUINCY |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 2 | CHET VERSCHOOR |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 3 | BERNIE WIER |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 4 | TIM DE BRUIN |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 5 | JUDD REIFERS |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 6 | BRANDON KRUSE |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 7 | NORM RIEMERSMA |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 8 | ELDON JOHNSON |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 9 | BJ VAN BRIESEN |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 0 | PRESIDENT |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 1 | VICE PRES |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 2 | TREASURER |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 3 | SECRETARY |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 4 | DIRECTOR |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 5 | DIRECTOR |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 6 | DIRECTOR |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 7 | DIRECTOR |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 8 | DIRECTOR |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 9 | DIRECTOR |
| IRS990EZ/OperateHospitalInd | 0 | false |
| IRS990EZ/Organization501cInd | 0 | X |
| IRS990EZ/OrganizationDissolvedEtcInd | 0 | false |
| IRS990EZ/OrganizationHadUBIInd | 0 | false |
| IRS990EZ/OtherAssetsTotalDetail/BOYAmt | 0 | 394273 |
| IRS990EZ/OtherAssetsTotalDetail/EOYAmt | 0 | 397805 |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 18315 |
| IRS990EZ/PoliticalCampaignActyInd | 0 | false |
| IRS990EZ/PrimaryExemptPurposeTxt | 0 | THE DEVELOPMENT CORPORATION WAS FORMED TO HELP ASSIST IN THE DEVELOPMENT OF THE COMMUNITY OF GEORGE, IA. |
| IRS990EZ/ProgramServiceRevenueAmt | 0 | 23000 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 0 | THE DEVELOPMENT CORPORATION WAS FORMED TO ASSIST IN THE NEW DEVELOPMENTS IN GEORGE, IA. |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 1 | THE DEVELOPMENT CORPORATION WAS FORMED TO ASSIST IN THE NEW DEVELOPMENTS IN GEORGE, IA. |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 0 | 4399 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 1 | 15834 |
| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | false |
| IRS990EZ/ScheduleBNotRequiredInd | 0 | X |
| IRS990EZ/SubjectToProxyTaxInd | 0 | false |
| IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt | 0 | 73138 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt | 0 | 29671 |
| IRS990EZ/TanningServicesProvidedInd | 0 | false |
| IRS990EZ/TotalExpensesAmt | 0 | 20233 |
| IRS990EZ/TotalProgramServiceExpensesAmt | 0 | 20233 |
| IRS990EZ/TotalRevenueAmt | 0 | 51094 |
| IRS990EZ/TransactionWithControlEntInd | 0 | false |
| IRS990EZ/TypeOfOrganizationCorpInd | 0 | X |
| IRS990EZ/WebsiteAddressTxt | 0 | N/A |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | SALE OF PROPERTY BASIS IN PROPERTY SOLD 13,840 REALTOR FEES 1,191 EXPENSES INTEREST EXPENSE 470 INSURANCE 170 DUES, FEES, & SUBS 704 PROPERTY MAINTENANCE 963 PROPERTY TAXES 945 OFFICE SUPPLIES 32 TOTAL 18,315 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | 25,294 25,294 LESS ACCUMULATED DEPRECIATION 17,230 18,033 FARMERS COOP STOCK 25 25 LOTS UNDER CONSTRUSTION 319,547 313,507 PATRONAGE DIVIDEND RECEIVABLE 958 958 SPEC BUILDING 30,634 30,634 UTILITY DEPOSITS 35,045 45,420 TOTAL 394,273 397,805 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | ACCRUED INTEREST 638 1,108 NOTES PAYABLE 72,500 28,563 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | THE DEVELOPMENT CORPORATION WAS FORMED TO HELP ASSIST IN THE DEVELOPMENT OF THE COMMUNITY OF GEORGE, IA. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | THE DEVELOPMENT CORPORATION WAS FORMED TO ASSIST IN THE NEW DEVELOPMENTS IN GEORGE, IA. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990-EZ, PART I, LINE 16 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990-EZ, PART II, LINE 24 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990-EZ, PART II, LINE 26 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990-EZ, PART III |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | FORM 990-EZ, PART III, LINE 31 |
| ReturnHeader/BuildTS | 0 | 2015-11-30 17:44:51Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | true |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | CHET VERSCHOOR |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | TREASURER |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2014-04-24 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1 | 0 | GEORGE COMMUNITY DEVELOPMENT CORP |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | GEOR |
| ReturnHeader/Filer/EIN | 0 | 421258373 |
| ReturnHeader/Filer/USAddress/AddressLine1 | 0 | 120 1/2 S MAIN ST |
| ReturnHeader/Filer/USAddress/City | 0 | GEORGE |
| ReturnHeader/Filer/USAddress/State | 0 | IA |
| ReturnHeader/Filer/USAddress/ZIPCode | 0 | 51237 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1 | 0 | VAN BRUGGEN & VANDE VEGTE PC |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1 | 0 | 827 MAIN PO BOX 399 |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/City | 0 | BOYDEN |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/State | 0 | IA |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCode | 0 | 51234 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 7127252065 |
| ReturnHeader/PreparerPersonGrp/PreparationDt | 0 | 2014-04-25 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | ARTHUR VAN BRUGGEN |
| ReturnHeader/ReturnTs | 0 | 2014-04-30T15:00:26-05:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2013-04-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2014-03-31 |
| ReturnHeader/TaxYr | 0 | 2013 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2014 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $470,386
- Liabilities
- $29,671
- Net assets
- $440,715
- Revenue
- $51,094
- Expenses
- $20,233
- Net income
- $30,861