Civic Intelligence

Forest City Economic Development Inc

990 • Fiscal year 2016 • EIN 42-1525819

Jul 01, 2015 to Jun 30, 2016 • Filed on Sep 26, 2016

Organization ProfileWWW.FORESTCITYIA.COM/INDEX.PHP
145 South Clark PO Box 306Forest City, IA 50436

(641) 585-5560

Siviq Scores

Scores are not available for this record yet.

Balance Sheet

Assets

Down

$1,116,204

Down $194,158 (-15%) from 2015

Net Assets

Up

$748,597

Up $37,269 (+5.2%) from 2015

Liabilities

Down

$367,607

Down $231,427 (-39%) from 2015

Revenue And Expenses

Revenue

Down

$269,779

Down $1,942 (-0.7%) from 2015

Expenses

Up

$232,510

Up $1,840 (+0.8%) from 2015

Net Income

Down

$37,269

Down $3,782 (-9.2%) from 2015

Historical Trend

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0Assets 2011: $2,226,871Liabilities 2011: $1,592,052Net Assets 2011: $634,8192011Assets 2012: $2,064,106Liabilities 2012: $1,379,792Net Assets 2012: $684,3142012Assets 2013: $1,846,698Liabilities 2013: $1,178,979Net Assets 2013: $667,7192013Assets 2014: $1,465,916Liabilities 2014: $795,639Net Assets 2014: $670,2772014Assets 2015: $1,310,362Liabilities 2015: $599,034Net Assets 2015: $711,3282015Assets 2016: $1,121,204Liabilities 2016: $367,607Net Assets 2016: $753,5972016Assets 2016: $1,116,204Liabilities 2016: $367,607Net Assets 2016: $748,5972016Assets 2017: $892,925Liabilities 2017: $34,111Net Assets 2017: $858,8142017Assets 2018: $879,380Liabilities 2018: $10,259Net Assets 2018: $869,1212018Assets 2019: $877,884Liabilities 2019: $7,059Net Assets 2019: $870,8252019Assets 2020: $1,018,296Liabilities 2020: $4,642Net Assets 2020: $1,013,6542020Assets 2021: $1,008,211Liabilities 2021: $3,996Net Assets 2021: $1,004,2152021Assets 2022: $1,048,830Liabilities 2022: $12,413Net Assets 2022: $1,036,4172022Assets 2023: $1,049,491Liabilities 2023: $8,435Net Assets 2023: $1,041,0562023Assets 2024: $1,051,800Liabilities 2024: $14,181Net Assets 2024: $1,037,6192024Assets 2025: $1,025,699Liabilities 2025: $14,493Net Assets 2025: $1,011,2062025

Highlighted filing

2016

Assets$1,116,204
Liabilities$367,607
Net Assets$748,597
Open 2016 Filing

Operations Trend

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

$600K$400K$200K$0-$200KExpenses 2011: $357,5632011Expenses 2012: $306,3742012Expenses 2013: $280,1292013Revenue 2014: $283,716Expenses 2014: $281,158Net Income 2014: $2,5582014Revenue 2015: $271,721Expenses 2015: $230,670Net Income 2015: $41,0512015Revenue 2016: $274,779Expenses 2016: $232,510Net Income 2016: $42,2692016Revenue 2016: $269,779Expenses 2016: $232,510Net Income 2016: $37,2692016Revenue 2017: $370,365Expenses 2017: $260,148Net Income 2017: $110,2172017Revenue 2018: $210,294Expenses 2018: $199,987Net Income 2018: $10,3072018Revenue 2019: $206,280Expenses 2019: $205,247Net Income 2019: $1,0332019Revenue 2020: $429,082Expenses 2020: $286,330Net Income 2020: $142,7522020Revenue 2021: $214,896Expenses 2021: $224,335Net Income 2021: -$9,4392021Revenue 2022: $304,242Expenses 2022: $272,040Net Income 2022: $32,2022022Revenue 2023: $275,696Expenses 2023: $271,057Net Income 2023: $4,6392023Revenue 2024: $233,730Expenses 2024: $237,168Net Income 2024: -$3,4382024Revenue 2025: $224,546Expenses 2025: $250,959Net Income 2025: -$26,4132025

Highlighted filing

2016

Revenue$269,779
Expenses$232,510
Net Income$37,269
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Sep 26, 2016
Return Version
2015v2.1
Gross Receipts
$297,322
Mission and Program Overview

Mission

Promote economic development and additional housing in the forest city community.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$400,839$471,784▲ $70,945
Other Notes and Loans Receivable, Net$656,637$377,609▼ $279,028
Land, Buildings, and Equipment, Net$159,249$160,104▲ $855
Cash and Non-Interest-Bearing Accounts$19,312$30,066▲ $10,754
Investments Other Securities$253$253→ $0
Total Assets$1,310,362$1,116,204▼ $194,158
Other Assets Total$74,072$76,388▲ $2,316
Liabilities
Unsecured Notes Loans Payable$591,754$362,069▼ $229,685
Accounts Payable and Accrued Expenses$7,280$5,538▼ $1,742
Total Liabilities$599,034$367,607▼ $231,427
Net Assets / Fund Balance
Temporarily Rstr Net Assets$400,839$471,784▲ $70,945
Unrestricted Net Assets$310,489$276,813▼ $33,676
Total Net Assets Fund Balance$711,328$748,597▲ $37,269
Total Liabilities and Net Assets / Fund Balance$1,310,362$1,116,204▼ $194,158

Asset Categories

AssetBook ValueDepreciationBasis
Land$77,331-$77,331
Equipment$18,121-$18,121
Other Land Buildings$-8,362$19,245$10,883
Leasehold Improvements$1,000-$1,000
Other Assets Org$3,110--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Mason HarmsPresident
Allan BoykenBoard Member
Bob AlsopBoard Member
Brent AbergBoard Member
Byron RuiterBoard Member
Chuck HollandBoard Member
Courtney WoogeBoard Member
Darwin LehmannBoard Member
Daryl KriegerBoard Member
Dave ArndtBoard Member
Dave KinglandBoard Member
Dennis BustaBoard Member
Jill KramerBoard Member
Jonathan KlaassenBoard Member
Kent ThoeBoard Member
Lynn HagensonBoard Member
Mark ThomaBoard Member
Mary Ann FarusBoard Member
Pat LovikBoard Member
Ray BeebeBoard Member
Ron LichtsinnBoard Member
Shelley RobsonBoard Member
Steve BakkeBoard Member
Teresa NicholsonBoard Member
Terry DurbyBoard Member
Tony ColoffBoard Member
Tony MikesBoard Member
Vicki TeglandBoard Member
Cindy CarterSecretary
John RoisenVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$124,282
Program Service Revenue
$96,643
Investment Income
$54,087
Other Revenue
$-5,233
All Other Contributions
$124,282
Change in Net Assets
$37,269
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$140,385
Salaries, Compensation, and Employee Benefits$92,125
Total Fundraising Expense$8,380
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$38,588$19,294$6,431$64,313
Interest$27,599--$27,599
All Other Expenses$12,994$3,522-$16,516
Advertising$15,630--$15,630
Occupancy-$12,442-$12,442
Other Salaries and Wages$11,881--$11,881
Fees for Services Accounting-$10,080-$10,080
Insurance$8,563$952-$9,515
Other Employee Benefits$4,021$2,010$670$6,701
Office Expenses$4,835$890$356$6,081
Payroll Taxes$3,438$1,719$573$5,730
Other Expenses$5,675--$5,675
Conferences and Meetings$2,825$706-$3,531
Pension Plan Contributions$2,100$1,050$350$3,500
Travel$2,150--$2,150
Depreciation Depletion$788$1,301-$2,089
Fees for Services Legal-$37-$37
Total Functional Expenses$170,127$54,003$8,380$232,510
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
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
Yes
Other officer compensation reviewed
Yes
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, Page 6, Part VI, Line 11B

“The federal form 990 is available for review at the board meeting prior to submittion to the government.”

Form 990, Page 6, Part VI, Line 15A

“The executive director has an annual review conducted by the president of the organization along with input from the board of directors.”

Form 990, Page 6, Part VI, Line 15B

“Employees have annual reviews conducted by the executive director with input from the board of directors.”

Form 990, Page 6, Part VI, Line 19

“No documents available to the public”

Filing and Contact Details

Filer

Filer Name
Forest City Economic Development
EIN
42-1525819
Phone
6415855560
Address
145 SOUTH CLARK PO BOX 306, FOREST CITY, IA 50436
Doing Business As
Forest City Economic Development

Signing Officer

Name
Mason Harms
Title
President
Phone
6415855560
Signed
2016-09-26
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mason Harms
Formed
2002
Legal Domicile
Ia
Voting Board Members
30
Independent Board Members
30
Employees
2

Preparer

Firm
Dk Arndt Pc
Address
116 EAST I STREET, FOREST CITY, IA 50436-1760
Preparer
David K Arndt CPA
Phone
6415854631
Supplemental Narrative

Additional Explanations

Form 990, Page 1, Item B

“Program service revenue for tif rebate was over stated by 5,000 on the original return. Total reported was 42,500 and should have been 37,500. Tif rebate cdi main was reported as 37,500 and should have been 22,500 and tif rebate cdi north was reported as 5,000 and should have been 15,000 which reduced total tif income by 5,000. This reduced total gross receipts page 1 line g by 5,000, total revenue page 1 line 12 by 5,000 and net assets page 1 line 22 by 5,000. This also reduced the ending cash balance part x line 1 by 5,000, unrestricted net assets fund balance part x line 27 by 5,000, total revenue part viii line g by 5,000 and total revenue part xi line 1 by 5,000.”

Form 990, Page 2, Part III, Line 4D

“Promote business development and create additional housing in the forest city community.”

Raw XML AppendixShowing 400 of 521 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/BOYAmt07280
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt05538
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0PROMOTE ECONOMIC DEVELOPMENT AND ADDITIONAL HOUSING IN THE FOREST CITY COMMUNITY.
IRS990/AdvertisingGrp/ProgramServicesAmt015630
IRS990/AdvertisingGrp/TotalAmt015630
IRS990/AllOtherContributionsAmt0124282
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt03522
IRS990/AllOtherExpensesGrp/ProgramServicesAmt012994
IRS990/AllOtherExpensesGrp/TotalAmt016516
IRS990/AmendedReturnInd0X
IRS990/BooksInCareOfDetail/PersonNm0BETH BILYEU
IRS990/BooksInCareOfDetail/PhoneNum06415855560
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0145 S CLARK STREET
IRS990/BooksInCareOfDetail/USAddress/AddressLine2Txt0FOREST CITY IA 50436
IRS990/BooksInCareOfDetail/USAddress/CityNm0FOREST CITY
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0IA
IRS990/BooksInCareOfDetail/USAddress/ZIPCd050436
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOfficerEntInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt019312
IRS990/CashNonInterestBearingGrp/EOYAmt030066
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/FundraisingAmt06431
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt019294
IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt038588
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt064313
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0true
IRS990/CompensationProcessOtherInd0true
IRS990/ConferencesMeetingsGrp/ManagementAndGeneralAmt0706
IRS990/ConferencesMeetingsGrp/ProgramServicesAmt02825
IRS990/ConferencesMeetingsGrp/TotalAmt03531
IRS990/ConflictOfInterestPolicyInd0false
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0124282
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt054087
IRS990/CYOtherExpensesAmt0140385
IRS990/CYOtherRevenueAmt0-5233
IRS990/CYProgramServiceRevenueAmt096643
IRS990/CYRevenuesLessExpensesAmt037269
IRS990/CYSalariesCompEmpBnftPaidAmt092125
IRS990/CYTotalExpensesAmt0232510
IRS990/CYTotalFundraisingExpenseAmt08380
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0269779
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt01301
IRS990/DepreciationDepletionGrp/ProgramServicesAmt0788
IRS990/DepreciationDepletionGrp/TotalAmt02089
IRS990/Desc0PROMOTE BUSINESS DEVELOPMENT AND CREATE ADDITIONAL HOUSING IN THE FOREST CITY COMMUNITY.
IRS990/DescribedInSection501c3Ind0false
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0false
IRS990/DoingBusinessAsName/BusinessNameLine1Txt0FOREST CITY ECONOMIC DEVELOPMENT
IRS990/DonorAdvisedFundInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt02
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/ExpenseAmt0130751
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt010080
IRS990/FeesForServicesAccountingGrp/TotalAmt010080
IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt037
IRS990/FeesForServicesLegalGrp/TotalAmt037
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
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/IndividualTrusteeOrDirectorInd12X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd13X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd14X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd15X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd16X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd17X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd18X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd19X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd20X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd21X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd22X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd23X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd24X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd25X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd26X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd27X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd28X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd29X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
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/OtherCompensationAmt120
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt130
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt140
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt150
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt160
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt170
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt180
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt190
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt200
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt210
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt220
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt230
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt240
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt250
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt260
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt270
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt280
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt290
IRS990/Form990PartVIISectionAGrp/PersonNm0DAVE KINGLAND
IRS990/Form990PartVIISectionAGrp/PersonNm1MARY ANN FARUS
IRS990/Form990PartVIISectionAGrp/PersonNm2CINDY CARTER
IRS990/Form990PartVIISectionAGrp/PersonNm3COURTNEY WOOGE
IRS990/Form990PartVIISectionAGrp/PersonNm4ALLAN BOYKEN
IRS990/Form990PartVIISectionAGrp/PersonNm5CHUCK HOLLAND
IRS990/Form990PartVIISectionAGrp/PersonNm6BRENT ABERG
IRS990/Form990PartVIISectionAGrp/PersonNm7KENT THOE
IRS990/Form990PartVIISectionAGrp/PersonNm8PAT LOVIK
IRS990/Form990PartVIISectionAGrp/PersonNm9DENNIS BUSTA
IRS990/Form990PartVIISectionAGrp/PersonNm10MASON HARMS
IRS990/Form990PartVIISectionAGrp/PersonNm11DARYL KRIEGER
IRS990/Form990PartVIISectionAGrp/PersonNm12VICKI TEGLAND
IRS990/Form990PartVIISectionAGrp/PersonNm13DARWIN LEHMANN
IRS990/Form990PartVIISectionAGrp/PersonNm14JOHN ROISEN
IRS990/Form990PartVIISectionAGrp/PersonNm15LYNN HAGENSON
IRS990/Form990PartVIISectionAGrp/PersonNm16SHELLEY ROBSON
IRS990/Form990PartVIISectionAGrp/PersonNm17RAY BEEBE
IRS990/Form990PartVIISectionAGrp/PersonNm18STEVE BAKKE
IRS990/Form990PartVIISectionAGrp/PersonNm19RON LICHTSINN
IRS990/Form990PartVIISectionAGrp/PersonNm20TONY COLOFF
IRS990/Form990PartVIISectionAGrp/PersonNm21DAVE ARNDT
IRS990/Form990PartVIISectionAGrp/PersonNm22JILL KRAMER
IRS990/Form990PartVIISectionAGrp/PersonNm23BOB ALSOP
IRS990/Form990PartVIISectionAGrp/PersonNm24MARK THOMA
IRS990/Form990PartVIISectionAGrp/PersonNm25TERRY DURBY
IRS990/Form990PartVIISectionAGrp/PersonNm26JONATHAN KLAASSEN
IRS990/Form990PartVIISectionAGrp/PersonNm27BYRON RUITER
IRS990/Form990PartVIISectionAGrp/PersonNm28TONY MIKES
IRS990/Form990PartVIISectionAGrp/PersonNm29TERESA NICHOLSON
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/ReportableCompFromOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt170
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt180
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt190
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt200
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt210
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt220
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt230
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt240
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt250
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt260
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt270
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt280
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt290
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/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt170
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt180
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt190
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt200
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt210
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt220
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt230
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt240
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt250
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt260
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt270
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt280
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt290
IRS990/Form990PartVIISectionAGrp/TitleTxt0BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt1BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt3BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt4BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt5BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt6BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt7BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt8BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt9BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt10PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt11BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt12BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt13BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt14VICE PRESIDE
IRS990/Form990PartVIISectionAGrp/TitleTxt15BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt16BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt17BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt18BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt19BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt20BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt21BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt22BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt23BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt24BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt25BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt26BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt27BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt28BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt29BOARD MEMBER
IRS990/Form990ProvidedToGvrnBodyInd0false
IRS990/FormationYr02002
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0false
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt030
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt0297322
IRS990/GrossRentsGrp/RealAmt022310
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt030
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt0952
IRS990/InsuranceGrp/ProgramServicesAmt08563
IRS990/InsuranceGrp/TotalAmt09515
IRS990/InterestGrp/ProgramServicesAmt027599
IRS990/InterestGrp/TotalAmt027599
IRS990/InvestmentIncomeGrp/ExclusionAmt054087
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt054087
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt0253
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt0253
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt019245
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0159249
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0160104
IRS990/LandBldgEquipCostOrOtherBssAmt0179349
IRS990/LegalDomicileStateCd0IA
IRS990/LessRentalExpensesGrp/RealAmt027543
IRS990/LoanOutstandingInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0PROMOTE ECONOMIC DEVELOPMENT AND ADDITIONAL HOUSING IN THE FOREST CITY COMMUNITY.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt0711328
IRS990/NetAssetsOrFundBalancesEOYAmt0748597
IRS990/NetRentalIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt0-5233
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt0-5233
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ManagementAndGeneralAmt012442
IRS990/OccupancyGrp/TotalAmt012442
IRS990/OfficeExpensesGrp/FundraisingAmt0356
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0890
IRS990/OfficeExpensesGrp/ProgramServicesAmt04835
IRS990/OfficeExpensesGrp/TotalAmt06081
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt074072
IRS990/OtherAssetsTotalGrp/EOYAmt076388
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt0670
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt02010
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt04021
IRS990/OtherEmployeeBenefitsGrp/TotalAmt06701
IRS990/OtherExpensesGrp/Desc0SURVEYS
IRS990/OtherExpensesGrp/Desc1PROGRAMMING
IRS990/OtherExpensesGrp/Desc2GROW FOREST CITY
IRS990/OtherExpensesGrp/Desc3COMM. SPONSORSHIP & STUDI
IRS990/OtherExpensesGrp/ProgramServicesAmt015116
IRS990/OtherExpensesGrp/ProgramServicesAmt17698
IRS990/OtherExpensesGrp/ProgramServicesAmt26226
IRS990/OtherExpensesGrp/ProgramServicesAmt35675
IRS990/OtherExpensesGrp/TotalAmt015116
IRS990/OtherExpensesGrp/TotalAmt17698
IRS990/OtherExpensesGrp/TotalAmt26226
IRS990/OtherExpensesGrp/TotalAmt35675
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt011881
IRS990/OtherSalariesAndWagesGrp/TotalAmt011881
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt0656637
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt0377609
IRS990/PartialLiquidationInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt0573
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt01719
IRS990/PayrollTaxesGrp/ProgramServicesAmt03438
IRS990/PayrollTaxesGrp/TotalAmt05730
IRS990/PensionPlanContributionsGrp/FundraisingAmt0350
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt01050
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt02100
IRS990/PensionPlanContributionsGrp/TotalAmt03500
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0MASON HARMS
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0PROGRAM SERVICES
IRS990/ProgramServiceRevenueGrp/Desc1TIF REBATE - CDI MAIN
IRS990/ProgramServiceRevenueGrp/Desc2TIF REBATE - CDI NORTH
IRS990/ProgramServiceRevenueGrp/Desc3MOTEL TAX
IRS990/ProgramServiceRevenueGrp/Desc4MISCELLANEOUS INCOME
IRS990/ProgramServiceRevenueGrp/ExclusionAmt07201
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt024830
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt122500
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt215000
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt311466
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt024830
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt122500
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt215000
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt311466
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt47201
IRS990/ProgSrvcAccomActyOtherGrp/Desc0PROMOTE BUSINESS DEVELOPMENT AND CREATE ADDITIONAL HOUSING IN THE FOREST CITY COMMUNITY.
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt039376
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0101000
IRS990/PYInvestmentIncomeAmt080942
IRS990/PYOtherExpensesAmt0139475
IRS990/PYOtherRevenueAmt03513
IRS990/PYProgramServiceRevenueAmt086266
IRS990/PYRevenuesLessExpensesAmt041051
IRS990/PYSalariesCompEmpBnftPaidAmt091195
IRS990/PYTotalExpensesAmt0230670
IRS990/PYTotalRevenueAmt0271721
IRS990/ReconcilationRevenueExpnssAmt037269
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/RealAmt0-5233
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt096643
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0400839
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0471784
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,116,204
Liabilities
$367,607
Net assets
$748,597
Revenue
$269,779
Expenses
$232,510
Net income
$37,269
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.03$0.01$1.01$0.22$0.25$0.03
2024Detailed filing. Detailed filing data is available for this year.$1.05$0.01$1.04$0.23$0.24$0.00
2023Detailed filing. Detailed filing data is available for this year.$1.05$0.01$1.04$0.28$0.27$0.00
2022Detailed filing. Detailed filing data is available for this year.$1.05$0.01$1.04$0.30$0.27$0.03
2021Detailed filing. Detailed filing data is available for this year.$1.01$0.00$1.00$0.21$0.22$0.01
2020Detailed filing. Detailed filing data is available for this year.$1.02$0.00$1.01$0.43$0.29$0.14
2019Detailed filing. Detailed filing data is available for this year.$0.88$0.01$0.87$0.21$0.21$0.00
2018Detailed filing. Detailed filing data is available for this year.$0.88$0.01$0.87$0.21$0.20$0.01
2017Detailed filing. Detailed filing data is available for this year.$0.89$0.03$0.86$0.37$0.26$0.11
2016Detailed filing. Detailed filing data is available for this year.$1.12$0.37$0.75$0.27$0.23$0.04
2016Detailed filing. Detailed filing data is available for this year.$1.12$0.37$0.75$0.27$0.23$0.04
2015Detailed filing. Detailed filing data is available for this year.$1.31$0.60$0.71$0.27$0.23$0.04
2014Detailed filing. Detailed filing data is available for this year.$1.47$0.80$0.67$0.28$0.28$0.00
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.85$1.18$0.67$0.28
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.06$1.38$0.68$0.31
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.23$1.59$0.63$0.36