St Louis Public Development Corporation I

“Officers mark stroker, stephen acree, frederick bonasch and ronald kraus, jr. Share a business relationship as they are all employees of rise community development, a related organization.”

“Technical assistance corporation, a 501(c)(3) organization related to rise community development, is the sole member and it has the right to appoint and remove directors of pdc i.”

“A draft of the form 990 is reviewed and approved by rise community development's finance committee before filing. The 990 is also distributed to the entire board of directors prior to its filing.”

“All board members are to complete a conflict of interest disclosure form wherein they disclose potential areas of conflict of interest. This form is then reviewed by rise community development's president and distributed to all board members for their review.”

“The organization's governing documents, conflict of interest policy, and financial statements are available upon written request.”

“Write-off of due to/due from balances between related entities -734,162. Loss from consolidated company -36,787. Prior period adj. Prior grant recognition of revenue 346,554. Llc goodwill impairment allowance -371,089.”

“Rise community development (rise) is a not-for-profit charitable organization that carries out its mission through several related entities. Technical assistance corporation (tac) and st. Louis public development corporation i (pdc i) are not-for-profit affiliates. Tac carries out its organizational purposes principally through the other pdc's listed and effectively controls their operations. These pdc's are organized under the missouri nonprofit corporation act, but are not classified as tax exempt under section 501(c)(3). Tac is also sole owner of greater st. Louis land development fund, a missouri for-profit corporation. Old north st. Louis homes and park east homes are for-profit entites wholly owned by rise.”