Civic Intelligence

The St Louis Local Development Co

990 • Fiscal year 2017 • EIN 43-1149599

Jul 01, 2016 to Jun 30, 2017 • Filed on Mar 13, 2018

1520 Market Street No 2000St Louis, MO 63103

(314) 657-3700

Siviq Scores

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

Liabilities / Assets

97th percentile

1.02x

Higher debt load relative to assets than 97% of similar nonprofits.

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

Liabilities / Revenue

100th percentile

102.28x

Higher debt load relative to revenue than 100% of similar nonprofits.

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

Net Margin

99th percentile

71%

Higher net margin than 99% of similar nonprofits.

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

Top Officer Pay

27th percentile

$181,275

Higher top officer pay than 27% of similar nonprofits.

Top officer pay equals 277.6% of source-year revenue.

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

Asset Growth

9th percentile

-7.5%

Faster asset growth than 9% of similar nonprofits.

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

Revenue Growth

1st percentile

-93%

Faster revenue growth than 1% of similar nonprofits.

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

Assets

Down

$6,528,351

Down $529,519 (-7.5%) from 2016

Net Assets

Down

-$150,791

Down $3,650 (-2.5%) from 2016

Liabilities

Down

$6,679,142

Down $525,869 (-7.3%) from 2016

Revenue

Down

$65,302

Down $836,085 (-93%) from 2016

Expenses

Down

$18,952

Down $832,210 (-98%) from 2016

Net Income

Down

$46,350

Down $3,875 (-7.7%) from 2016

Historical Trend

Balance Sheet Trend

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

$15M$10M$5.0M$0-$5.0MAssets 2011: $8,685,662Liabilities 2011: $8,737,157Net Assets 2011: -$51,4952011Assets 2012: $8,894,157Liabilities 2012: $8,969,408Net Assets 2012: -$75,2512012Assets 2013: $7,931,661Liabilities 2013: $8,023,964Net Assets 2013: -$92,3032013Assets 2014: $7,875,847Liabilities 2014: $8,008,517Net Assets 2014: -$132,6702014Assets 2015: $7,163,988Liabilities 2015: $7,311,354Net Assets 2015: -$147,3662015Assets 2016: $7,057,870Liabilities 2016: $7,205,011Net Assets 2016: -$147,1412016Assets 2017: $6,528,351Liabilities 2017: $6,679,142Net Assets 2017: -$150,7912017Assets 2018: $6,831,502Liabilities 2018: $6,986,361Net Assets 2018: -$154,8592018Assets 2019: $6,523,077Liabilities 2019: $6,668,505Net Assets 2019: -$145,4282019Assets 2020: $7,063,169Liabilities 2020: $7,203,944Net Assets 2020: -$140,7752020Assets 2021: $7,220,621Liabilities 2021: $7,356,550Net Assets 2021: -$135,9292021Assets 2022: $9,940,991Liabilities 2022: $10,057,167Net Assets 2022: -$116,1762022Assets 2023: $10,014,219Liabilities 2023: $10,136,347Net Assets 2023: -$122,1282023Assets 2024: $8,916,725Liabilities 2024: $9,014,211Net Assets 2024: -$97,4862024

Highlighted filing

2017

Assets$6,528,351
Liabilities$6,679,142
Net Assets-$150,791

Operations Trend

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

$4.0M$3.0M$2.0M$1.0M$0Expenses 2011: $1,178,5392011Expenses 2012: $828,5742012Revenue 2013: $563,111Expenses 2013: $505,163Net Income 2013: $57,9482013Revenue 2014: $398,688Expenses 2014: $364,055Net Income 2014: $34,6332014Revenue 2015: $170,822Expenses 2015: $135,518Net Income 2015: $35,3042015Revenue 2016: $901,387Expenses 2016: $851,162Net Income 2016: $50,2252016Revenue 2017: $65,302Expenses 2017: $18,952Net Income 2017: $46,3502017Revenue 2018: $399,751Expenses 2018: $373,819Net Income 2018: $25,9322018Revenue 2019: $98,261Expenses 2019: $58,830Net Income 2019: $39,4312019Revenue 2020: $342,850Expenses 2020: $308,197Net Income 2020: $34,6532020Revenue 2021: $230,479Expenses 2021: $195,633Net Income 2021: $34,8462021Revenue 2022: $3,211,620Expenses 2022: $3,161,867Net Income 2022: $49,7532022Revenue 2023: $38,083Expenses 2023: $14,035Net Income 2023: $24,0482023Revenue 2024: $63,091Expenses 2024: $8,449Net Income 2024: $54,6422024

Highlighted filing

2017

Revenue$65,302
Expenses$18,952
Net Income$46,350
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Mar 13, 2018
Return Version
2016v3.0
Gross Receipts
$65,302
Mission and Program Overview

Mission

To provide lending services to the small business community within st. Louis, missouri.

To provide lending services to the small business community in St. Louis, Missouri.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$4,707,255$5,189,938▲ $482,683
Cash and Non-Interest-Bearing Accounts$1,435,410$1,311,413▼ $123,997
Savings and Temporary Cash Investments$854,422$27,000▼ $827,422
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Rtn Earn Endowment Incm Other Fnds$0$0→ $0
Cap Stk Tr Prin Current Funds$-147,141$-150,791▼ $3,650
Total Assets$7,057,870$6,528,351▼ $529,519
Other Assets Total$60,783$0▼ $60,783
Liabilities
Other Liabilities$7,176,843$6,657,137▼ $519,706
Accounts Payable and Accrued Expenses$28,168$22,005▼ $6,163
Total Liabilities$7,205,011$6,679,142▼ $525,869
Net Assets / Fund Balance
Total Net Assets Fund Balance$-147,141$-150,791▼ $3,650
Total Liabilities and Net Assets / Fund Balance$7,057,870$6,528,351▼ $529,519
Compensation and Service Providers

Board Members and Trustees

NameTitle
Loura M GilbertPresident
James C SeitzVice President
David W MccreeryDIRector
Don ReevesDirector
Steven M BueschingDirector
Otis WilliamsExecutive Director
Michael K HolmesSecretary
Thomas J PickelTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$5,850
Program Service Revenue
$59,452
Investment Income
$0
Other Revenue
$0
All Other Contributions
$3,470
Change in Net Assets
$46,350

Audited Revenue Reconciliation

Revenue per Audited Statements
$65,302
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$65,302
Total Revenue per Form 990
$65,302
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$10,652
Grants and Similar Amounts Paid$8,300
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$8,300--$8,300
Insurance$5,513--$5,513
Other Expenses$5,139--$5,139
Total Functional Expenses$18,952$0$0$18,952

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$18,952
Total Expenses per Audited Statements$18,952
Total Expenses per Form 990$18,952
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to other Gov't Agencies-Contribution$5,211,390
Eda Repayment Escrow$471,672
Hybrid Repayment Escrow$459,839
Due to Other Funds$225,000
Uel Repayment Escrow$193,565
Mokan Guarantee Escrow$48,497
Metro Repayment Escrow$47,174
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

Line 11a explanation - A COPY OF THE FORM 990 WAS MADE AVAILABLE TO THE GOVERNING BODY FOR THEIR REVIEW AND COMMENT.

Form 990, Part VI, Section B, line 12C

Annual written conflict of interest policy affirmation is required for all employees per the requirements of the cdbg loan program in which ldc participates.

Form 990, Part VI, Section C, line 19

Governing documents, policies, and financial statements of the st. Louis local development corporation are available by contacting the entity directly and requesting the documents.

Filing and Contact Details

Filer

Filer Name
The St Louis Local Development Co
EIN
43-1149599
Phone
3146573700
Address
1520 Market Street No 2000, St Louis, MO 63103

Signing Officer

Name
Charles Hahn
Title
Controller
Phone
3146573700
Signed
2018-03-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Otis Williams
Formed
1976
Legal Domicile
Mo
Voting Board Members
7
Independent Board Members
7
Employees
0
Volunteers
0

Preparer

Firm
Schmersahl Treloar & Company PC
Address
10805 Sunset Office Drive Suite 400, Saint Louis, MO 63127
Preparer
Roger G Toennies CPA
Phone
3149662727
Supplemental Narrative

Additional Explanations

Form 990, Part XI, line 9:

Fund Balance Transfer -50,000.

Form 990, Part XII, Line 2C:

There has been no significant change from the prior year in the oversight process or the selection process from the prior year

Raw XML Appendix395 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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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0Otis Williams
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0Executive Dir.
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0181275
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Line 11a explanation - A COPY OF THE FORM 990 WAS MADE AVAILABLE TO THE GOVERNING BODY FOR THEIR REVIEW AND COMMENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ANNUAL WRITTEN CONFLICT OF INTEREST POLICY AFFIRMATION IS REQUIRED FOR ALL EMPLOYEES PER THE REQUIREMENTS OF THE CDBG LOAN PROGRAM IN WHICH LDC PARTICIPATES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2GOVERNING DOCUMENTS, POLICIES, AND FINANCIAL STATEMENTS OF THE ST. LOUIS LOCAL DEVELOPMENT CORPORATION ARE AVAILABLE BY CONTACTING THE ENTITY DIRECTLY AND REQUESTING THE DOCUMENTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Fund Balance Transfer -50,000.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THERE HAS BEEN NO SIGNIFICANT CHANGE FROM THE PRIOR YEAR IN THE OVERSIGHT PROCESS OR THE SELECTION PROCESS FROM THE PRIOR YEAR
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section C, line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part XI, line 9:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part XII, Line 2c:
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0St Louis Development Corporation
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0431490972
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(c)(4)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0MO
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0Improve economic development activities of the city of St. Louis
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt01520 Market Street Suite 2000
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0St Louis
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0MO
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd063103
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd01
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt050000
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0FMV
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0St Louis Development Corporation
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0R
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd01
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt07057870
IRS990/TotalAssetsEOYAmt06528351
IRS990/TotalAssetsGrp/BOYAmt07057870
IRS990/TotalAssetsGrp/EOYAmt06528351
IRS990/TotalCompGreaterThan150KInd01
IRS990/TotalContributionsAmt05850
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt018952
IRS990/TotalFunctionalExpensesGrp/TotalAmt018952
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt07205011
IRS990/TotalLiabilitiesEOYAmt06679142
IRS990/TotalLiabilitiesGrp/BOYAmt07205011
IRS990/TotalLiabilitiesGrp/EOYAmt06679142
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-147141
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-150791
IRS990/TotalOtherCompensationAmt021743
IRS990/TotalProgramServiceExpensesAmt018952
IRS990/TotalProgramServiceRevenueAmt059452
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt059452
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt065302
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt07057870
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt06528351
IRS990/TotReportableCompRltdOrgAmt0159532
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01520 Market Street No 2000
IRS990/USAddress/CityNm0St Louis
IRS990/USAddress/StateAbbreviationCd0MO
IRS990/USAddress/ZIPCd063103
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02018-03-14 21:41:22Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0CHARLES HAHN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Controller
ReturnHeader/BusinessOfficerGrp/PhoneNum03146573700
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-03-13
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0The St Louis Local Development Co
ReturnHeader/Filer/BusinessNameControlTxt0STLO
ReturnHeader/Filer/EIN0431149599
ReturnHeader/Filer/PhoneNum03146573700
ReturnHeader/Filer/USAddress/AddressLine1Txt01520 Market Street No 2000
ReturnHeader/Filer/USAddress/CityNm0St Louis
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MO
ReturnHeader/Filer/USAddress/ZIPCd063103
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0DA39A3EE5E6B4B0D3255BFEF95601890AFD80709
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId053824E981E17BC06E36AFF86F1EE9338DA915B2C
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt068.187.1.242
ReturnHeader/FilingSecurityInformation/IPDt02018-03-13
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CD
ReturnHeader/FilingSecurityInformation/IPTm009:58:57
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0431540459
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Schmersahl Treloar & Company PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt010805 Sunset Office Drive Suite 400
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Saint Louis
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd063127
ReturnHeader/PreparerPersonGrp/PhoneNum03149662727
ReturnHeader/PreparerPersonGrp/PreparationDt02018-02-28
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Roger G Toennies CPA
ReturnHeader/ReturnTs02018-03-29T18:15:24-05:00
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
2024Detailed filing. Detailed filing data is available for this year.$8.92$9.01$0.10$0.06$0.01$0.05
2023Detailed filing. Detailed filing data is available for this year.$10.0$10.1$0.12$0.04$0.01$0.02
2022Detailed filing. Detailed filing data is available for this year.$9.94$10.1$0.12$3.21$3.16$0.05
2021Detailed filing. Detailed filing data is available for this year.$7.22$7.36$0.14$0.23$0.20$0.03
2020Detailed filing. Detailed filing data is available for this year.$7.06$7.20$0.14$0.34$0.31$0.03
2019Detailed filing. Detailed filing data is available for this year.$6.52$6.67$0.15$0.10$0.06$0.04
2018Detailed filing. Detailed filing data is available for this year.$6.83$6.99$0.15$0.40$0.37$0.03
2017Detailed filing. Detailed filing data is available for this year.$6.53$6.68$0.15$0.07$0.02$0.05
2016Detailed filing. Detailed filing data is available for this year.$7.06$7.21$0.15$0.90$0.85$0.05
2015Detailed filing. Detailed filing data is available for this year.$7.16$7.31$0.15$0.17$0.14$0.04
2014Detailed filing. Detailed filing data is available for this year.$7.88$8.01$0.13$0.40$0.36$0.03
2013Summary only. Only limited summary data is available for this year.$7.93$8.02$0.09$0.56$0.51$0.06
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.89$8.97$0.08$0.83
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.69$8.74$0.05$1.18