Civic Intelligence

Greater Davenport Redevelopment Corporation

990 • Fiscal year 2018 • EIN 42-1488339

Jul 01, 2017 to Jun 30, 2018 • Filed on May 15, 2019

Organization ProfileWWW.GOTODAVENPORT.COM
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

28th percentile

0.10x

Higher debt load relative to assets than 28% of similar nonprofits.

2018 filings • 501(c)6 • $5M-$10M nonprofits • Source year 2018

Liabilities / Revenue

77th percentile

0.56x

Higher debt load relative to revenue than 77% of similar nonprofits.

2018 filings • 501(c)6 • $5M-$10M nonprofits • Source year 2018

Net Margin

99th percentile

83%

Higher net margin than 99% of similar nonprofits.

2018 filings • 501(c)6 • $5M-$10M nonprofits • Source year 2018

Top Officer Pay

11th percentile

$45,000

Higher top officer pay than 11% of similar nonprofits.

Top officer pay equals 4.9% of source-year revenue.

2018 filings • 501(c)6 • $5M-$10M nonprofits • Source year 2018

Asset Growth

83rd percentile

14%

Faster asset growth than 83% of similar nonprofits.

2018 filings • 501(c)6 • $5M-$10M nonprofits • Annualized from 2017 to 2018

Revenue Growth

5th percentile

-28%

Faster revenue growth than 5% of similar nonprofits.

2018 filings • 501(c)6 • $5M-$10M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets28th percentile

Assets

Up

$5,381,701

Up $659,056 (+14%) from 2017

Net Assets

Up

$4,870,429

Up $756,345 (+18%) from 2017

Liabilities

Down

$511,272

Down $97,289 (-16%) from 2017

Revenue And Expenses
Liabilities / Revenue77th percentileNet Margin99th percentile

Revenue

Down

$910,566

Down $356,944 (-28%) from 2017

Expenses

Down

$153,580

Down $123,895 (-45%) from 2017

Net Income

Down

$756,986

Down $233,049 (-24%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth83rd percentile

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

2018

Assets$5,381,701
Liabilities$511,272
Net Assets$4,870,429
Open 2018 Filing

Operations Trend

Revenue Growth5th percentile

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

2018

Revenue$910,566
Expenses$153,580
Net Income$756,986
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
May 15, 2019
Return Version
2017v2.3
Gross Receipts
$1,901,689
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$1,886,413$3,472,939▲ $1,586,526
Accounts Receivable$13,490$14,792▲ $1,302
Prepaid Expenses and Deferred Charges$1,505$1,602▲ $97
Total Assets$4,722,645$5,381,701▲ $659,056
Other Assets Total$2,821,237$1,892,368▼ $928,869
Liabilities
Mortgage Notes Payable Secured by Investment Property$594,996$502,791▼ $92,205
Accounts Payable and Accrued Expenses$13,565$8,481▼ $5,084
Total Liabilities$608,561$511,272▼ $97,289
Net Assets / Fund Balance
Unrestricted Net Assets$4,114,084$4,870,429▲ $756,345
Total Net Assets Fund Balance$4,114,084$4,870,429▲ $756,345
Total Liabilities and Net Assets / Fund Balance$4,722,645$5,381,701▲ $659,056

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$1,892,368--
Compensation and Service Providers
Top Officer Pay11th percentile

Employees

NameTitleBaseTotal
Timothy WilkinsonDirector$45,000$45,000

Board Members and Trustees

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

Revenue Composition

Contributions and Grants
$30,000
Program Service Revenue
$0
Investment Income
$863,960
Other Revenue
$16,606
Change in Net Assets
$756,986
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$153,580
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$45,000--$45,000
Fees for Services Legal$17,927--$17,927
Fees for Services Accounting-$10,200-$10,200
Advertising$9,557--$9,557
Insurance$3,465--$3,465
Occupancy$1,800--$1,800
Travel$1,152--$1,152
Other Expenses$300--$300
Total Functional Expenses$143,380$10,200$0$153,580
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
2019-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Brock Earnhardt
Formed
1997
Legal Domicile
Ia
Voting Board Members
9
Independent Board Members
9
Employees
0
Volunteers
9

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”

Raw XML Appendix343 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.

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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
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IRS990/TaxablePartyNotificationInd0false
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IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt010200
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0143380
IRS990/TotalFunctionalExpensesGrp/TotalAmt0153580
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IRS990/TotalLiabilitiesEOYAmt0511272
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IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt04870429
IRS990/TotalReportableCompFromOrgAmt045000
IRS990/TotalRevenueGrp/ExclusionAmt010493
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0870073
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0910566
IRS990/TotalVolunteersCnt09
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IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt05381701
IRS990/TravelGrp/ProgramServicesAmt01152
IRS990/TravelGrp/TotalAmt01152
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IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt04114084
IRS990/UnrestrictedNetAssetsGrp/EOYAmt04870429
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0331 WEST 3RD STREET
IRS990/USAddress/CityNm0DAVENPORT
IRS990/USAddress/StateAbbreviationCd0IA
IRS990/USAddress/ZIPCd052801
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09
IRS990/WebsiteAddressTxt0WWW.GOTODAVENPORT.COM
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02019-02-21 02:37:17Z
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ReturnHeader/BusinessOfficerGrp/PersonNm0BROCK EARNHARDT
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0BOARD CHAIR
ReturnHeader/BusinessOfficerGrp/PhoneNum05633221706
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-05-15
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
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ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0170.178.234.105
ReturnHeader/FilingSecurityInformation/IPDt02019-05-15
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CD
ReturnHeader/FilingSecurityInformation/IPTm011:13:06
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/PreparationDt02019-05-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JOHN R HUBER
ReturnHeader/ReturnTs02019-05-15T11:13:06-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-07-01
ReturnHeader/TaxPeriodEndDt02018-06-30
ReturnHeader/TaxYr02017

Document Assets

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Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$5,381,701
Liabilities
$511,272
Net assets
$4,870,429
Revenue
$910,566
Expenses
$153,580
Net income
$756,986
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
2018Detailed filing. Detailed filing data is available for this year.$5.38$0.51$4.87$0.91$0.15$0.76
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$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