Civic Intelligence

Greater Davenport Redevelopment Corporation

990 • Fiscal year 2017 • EIN 42-1488339

Jul 01, 2016 to Jun 30, 2017 • Filed on Apr 01, 2018

331 West 3rd StreetDavenport, IA 52801

(563) 884-7559

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

33rd percentile

0.13x

Higher debt load relative to assets than 33% of similar nonprofits.

2017 filings • 501(c)6 • $5M-$10M nonprofits • Source year 2017

Liabilities / Revenue

68th percentile

0.48x

Higher debt load relative to revenue than 68% of similar nonprofits.

2017 filings • 501(c)6 • $5M-$10M nonprofits • Source year 2017

Net Margin

99th percentile

78%

Higher net margin than 99% of similar nonprofits.

2017 filings • 501(c)6 • $5M-$10M nonprofits • Source year 2017

Top Officer Pay

11th percentile

$0

Higher top officer pay than 11% of similar nonprofits.

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

2017 filings • 501(c)6 • $5M-$10M nonprofits • Source year 2017

Asset Growth

89th percentile

27%

Faster asset growth than 89% of similar nonprofits.

2017 filings • 501(c)6 • $5M-$10M nonprofits • Annualized from 2016 to 2017

Revenue Growth

92nd percentile

40%

Faster revenue growth than 92% of similar nonprofits.

2017 filings • 501(c)6 • $5M-$10M nonprofits • Annualized from 2016 to 2017

Assets

Up

$4,722,645

Up $997,875 (+27%) from 2016

Net Assets

Up

$4,114,084

Up $990,035 (+32%) from 2016

Liabilities

Up

$608,561

Up $7,840 (+1.3%) from 2016

Revenue

Up

$1,267,510

Up $359,098 (+40%) from 2016

Expenses

Up

$277,475

Up $154,830 (+126%) from 2016

Net Income

Up

$990,035

Up $204,268 (+26%) from 2016

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$10M$5.0M$0Assets 2010: $3,607,726Liabilities 2010: $2,322,294Net Assets 2010: $1,285,4322010Assets 2011: $3,622,243Liabilities 2011: $2,310,860Net Assets 2011: $1,311,3832011Assets 2012: $3,418,330Liabilities 2012: $1,173,505Net Assets 2012: $2,244,8252012Assets 2013: $4,412,004Liabilities 2013: $1,869,596Net Assets 2013: $2,542,4082013Assets 2014: $4,240,128Liabilities 2014: $1,841,540Net Assets 2014: $2,398,5882014Assets 2015: $4,161,100Liabilities 2015: $1,822,818Net Assets 2015: $2,338,2822015Assets 2016: $3,724,770Liabilities 2016: $600,721Net Assets 2016: $3,124,0492016Assets 2017: $4,722,645Liabilities 2017: $608,561Net Assets 2017: $4,114,0842017Assets 2018: $5,381,701Liabilities 2018: $511,272Net Assets 2018: $4,870,4292018Assets 2019: $5,356,257Liabilities 2019: $511,147Net Assets 2019: $4,845,1102019Assets 2020: $5,392,073Liabilities 2020: $315,813Net Assets 2020: $5,076,2602020Assets 2021: $6,793,401Liabilities 2021: $178,188Net Assets 2021: $6,615,2132021Assets 2022: $8,010,175Liabilities 2022: $173,416Net Assets 2022: $7,836,7592022Assets 2023: $8,156,399Liabilities 2023: $165,208Net Assets 2023: $7,991,1912023Assets 2024: $7,884,981Liabilities 2024: $161,167Net Assets 2024: $7,723,8142024Assets 2025: $8,166,319Liabilities 2025: $165,690Net Assets 2025: $8,000,6292025

Highlighted filing

2017

Assets$4,722,645
Liabilities$608,561
Net Assets$4,114,084

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$2.0M$1.5M$1.0M$500K$0-$500KExpenses 2010: $69,1462010Revenue 2011: $125,515Expenses 2011: $99,564Net Income 2011: $25,9512011Expenses 2012: $65,7852012Expenses 2013: $195,6342013Revenue 2014: $40,694Expenses 2014: $184,514Net Income 2014: -$143,8202014Revenue 2015: $95,015Expenses 2015: $155,321Net Income 2015: -$60,3062015Revenue 2016: $908,412Expenses 2016: $122,645Net Income 2016: $785,7672016Revenue 2017: $1,267,510Expenses 2017: $277,475Net Income 2017: $990,0352017Revenue 2018: $910,566Expenses 2018: $153,580Net Income 2018: $756,9862018Revenue 2019: $78,507Expenses 2019: $109,074Net Income 2019: -$30,5672019Revenue 2020: $468,909Expenses 2020: $257,726Net Income 2020: $211,1832020Revenue 2021: $1,696,265Expenses 2021: $157,312Net Income 2021: $1,538,9532021Revenue 2022: $1,334,959Expenses 2022: $113,413Net Income 2022: $1,221,5462022Revenue 2023: $288,905Expenses 2023: $134,473Net Income 2023: $154,4322023Revenue 2024: $419,310Expenses 2024: $686,687Net Income 2024: -$267,3772024Revenue 2025: $357,669Expenses 2025: $80,854Net Income 2025: $276,8152025

Highlighted filing

2017

Revenue$1,267,510
Expenses$277,475
Net Income$990,035
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Apr 1, 2018
Return Version
2016v3.1
Gross Receipts
$6,953,804
Mission and Program Overview

Mission

The greater davenport redevelopment corporation is a public-private industrial development organization for the city of davenport, iowa. The organization provides skilled and professional assistance to companies pursuing development and redevelopment opportunities in the greater davenport area.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$1,281,328$1,886,413▲ $605,085
Accounts Receivable$15,484$13,490▼ $1,994
Prepaid Expenses and Deferred Charges$1,505$1,505→ $0
Total Assets$3,724,770$4,722,645▲ $997,875
Other Assets Total$2,426,453$2,821,237▲ $394,784
Liabilities
Mortgage Notes Payable Secured by Investment Property$594,996$594,996→ $0
Accounts Payable and Accrued Expenses$5,725$13,565▲ $7,840
Total Liabilities$600,721$608,561▲ $7,840
Net Assets / Fund Balance
Unrestricted Net Assets$3,124,049$4,114,084▲ $990,035
Total Net Assets Fund Balance$3,124,049$4,114,084▲ $990,035
Total Liabilities and Net Assets / Fund Balance$3,724,770$4,722,645▲ $997,875

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$2,821,237--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Brock EarnhardtBoard Chair
Gene MeekerVice Chair
Bruce BergerDirector
Greg TheisDirector
Jason GordonDirector
John StavnesDirector
Kyle GrippDirector
Tim HueyTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$30,000
Program Service Revenue
$0
Investment Income
$1,178,956
Other Revenue
$58,554
Change in Net Assets
$990,035
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$277,475
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 Legal$67,720--$67,720
Fees for Services Other$45,000--$45,000
Interest$44,203--$44,203
Fees for Services Accounting-$10,200-$10,200
Other Expenses$9,220--$9,220
Insurance$3,410--$3,410
Advertising$3,205--$3,205
Occupancy$1,800--$1,800
Travel$1,281--$1,281
All Other Expenses$511--$511
Office Expenses$37--$37
Total Functional Expenses$267,275$10,200$0$277,475
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
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Page 6, Part VI, Line 3

The quad cities chamber of commerce and corporate community consulting llc, an independent contractor, are primarily responsible for management of the organization.

Form 990, Page 6, Part VI, Line 6

The organization is comprised of members

Form 990, Page 6, Part VI, Line 7A

Midamerican energy, the city of davenport, scott county, and the quad cities chamber of commerce select the board of directors of the organization.

Form 990, Page 6, Part VI, Line 11B

Prior to filing the form 990, a draft is issued to the entire board for review and approval.

Form 990, Page 6, Part VI, Line 12C

The policy is distributed annually to board members for review and disclosure. This process is monitored by administrative staff contracted for service by the board.

Form 990, Page 6, Part VI, Line 19

Governing documents and financial statements are available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Greater Davenport Redevelopment
EIN
42-1488339
Phone
5638847559
Address
331 WEST 3RD STREET, DAVENPORT, IA 52801

Signing Officer

Name
Brock Earnhardt
Title
Board Chair
Phone
5633221706
Signed
2018-04-01
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Brock Earnhardt
Formed
1997
Legal Domicile
Ia
Voting Board Members
8
Independent Board Members
8
Employees
0
Volunteers
8

Preparer

Firm
Anderson Lower Whitlow Pc
Address
1805 STATE ST STE 201, BETTENDORF, IA 52722
Preparer
John R Huber
Phone
5633594757
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

The greater davenport redevelopment corporation is a public-private industrial development organization for the city of davenport, iowa. The organization provides skilled and professional assistance to companies pursuing development and redevelopment opportunities in the greater davenport area.

Form 990, Part IX, Line 11G

Consulting services 45,000 0 0

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE GREATER DAVENPORT REDEVELOPMENT CORPORATION IS A PUBLIC-PRIVATE INDUSTRIAL DEVELOPMENT ORGANIZATION FOR THE CITY OF DAVENPORT, IOWA. THE ORGANIZATION PROVIDES SKILLED AND PROFESSIONAL ASSISTANCE TO COMPANIES PURSUING DEVELOPMENT AND REDEVELOPMENT OPPORTUNITIES IN THE GREATER DAVENPORT AREA.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE QUAD CITIES CHAMBER OF COMMERCE AND CORPORATE COMMUNITY CONSULTING LLC, AN INDEPENDENT CONTRACTOR, ARE PRIMARILY RESPONSIBLE FOR MANAGEMENT OF THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION IS COMPRISED OF MEMBERS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3MIDAMERICAN ENERGY, THE CITY OF DAVENPORT, SCOTT COUNTY, AND THE QUAD CITIES CHAMBER OF COMMERCE SELECT THE BOARD OF DIRECTORS OF THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4PRIOR TO FILING THE FORM 990, A DRAFT IS ISSUED TO THE ENTIRE BOARD FOR REVIEW AND APPROVAL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE POLICY IS DISTRIBUTED ANNUALLY TO BOARD MEMBERS FOR REVIEW AND DISCLOSURE. THIS PROCESS IS MONITORED BY ADMINISTRATIVE STAFF CONTRACTED FOR SERVICE BY THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7CONSULTING SERVICES 45,000 0 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART IX, LINE 11G
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt03724770
IRS990/TotalAssetsEOYAmt04722645
IRS990/TotalAssetsGrp/BOYAmt03724770
IRS990/TotalAssetsGrp/EOYAmt04722645
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt030000
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt010200
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0267275
IRS990/TotalFunctionalExpensesGrp/TotalAmt0277475
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0600721
IRS990/TotalLiabilitiesEOYAmt0608561
IRS990/TotalLiabilitiesGrp/BOYAmt0600721
IRS990/TotalLiabilitiesGrp/EOYAmt0608561
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt03124049
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt04114084
IRS990/TotalRevenueGrp/ExclusionAmt015796
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01221714
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01267510
IRS990/TotalVolunteersCnt08
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt03724770
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt04722645
IRS990/TravelGrp/ProgramServicesAmt01281
IRS990/TravelGrp/TotalAmt01281
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt03124049
IRS990/UnrestrictedNetAssetsGrp/EOYAmt04114084
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0331 WEST 3RD STREET
IRS990/USAddress/CityNm0DAVENPORT
IRS990/USAddress/StateAbbreviationCd0IA
IRS990/USAddress/ZIPCd052801
IRS990/VotingMembersGoverningBodyCnt08
IRS990/VotingMembersIndependentCnt08
IRS990/WebsiteAddressTxt0WWW.GOTODAVENPORT.COM
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02018-03-14 21:41:22Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0BROCK EARNHARDT
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0BOARD CHAIR
ReturnHeader/BusinessOfficerGrp/PhoneNum05633221706
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-04-01
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0GREATER DAVENPORT REDEVELOPMENT
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0CORPORATION
ReturnHeader/Filer/BusinessNameControlTxt0GREA
ReturnHeader/Filer/EIN0421488339
ReturnHeader/Filer/PhoneNum05638847559
ReturnHeader/Filer/USAddress/AddressLine1Txt0331 WEST 3RD STREET
ReturnHeader/Filer/USAddress/CityNm0DAVENPORT
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IA
ReturnHeader/Filer/USAddress/ZIPCd052801
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0C3503D1575A8199F699CED14201B6266E591ED3B
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0C3503D1575A8199F699CED14201B6266E591ED3B
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0421394940
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0ANDERSON LOWER WHITLOW PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01805 STATE ST STE 201
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0BETTENDORF
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd052722
ReturnHeader/PreparerPersonGrp/PhoneNum05633594757
ReturnHeader/PreparerPersonGrp/PreparationDt02018-04-01
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JOHN R HUBER
ReturnHeader/ReturnTs02018-04-16T15:07:15-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-07-01
ReturnHeader/TaxPeriodEndDt02017-06-30
ReturnHeader/TaxYr02016

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$8.17$0.17$8.00$0.36$0.08$0.28
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.88$0.16$7.72$0.42$0.69$0.27
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.16$0.17$7.99$0.29$0.13$0.15
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.01$0.17$7.84$1.33$0.11$1.22
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.79$0.18$6.62$1.70$0.16$1.54
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.39$0.32$5.08$0.47$0.26$0.21
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.36$0.51$4.85$0.08$0.11$0.03
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.38$0.51$4.87$0.91$0.15$0.76
2017Detailed filing. Detailed filing data is available for this year.$4.72$0.61$4.11$1.27$0.28$0.99
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.72$0.60$3.12$0.91$0.12$0.79
2015Detailed filing. Detailed filing data is available for this year.$4.16$1.82$2.34$0.10$0.16$0.06
2014Detailed filing. Detailed filing data is available for this year.$4.24$1.84$2.40$0.04$0.18$0.14
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.41$1.87$2.54$0.20
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.42$1.17$2.24$0.07
2011Summary only. Only limited summary data is available for this year.$3.62$2.31$1.31$0.13$0.10$0.03
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.61$2.32$1.29$0.07
Peer Organizations

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