Civic Intelligence

Iec Hotel Corporation

EIN 47-4344802 • 501(c)3 • West Des Moines, IA

Profile

The corporation has been formed to facilitate the acquisition and operation of a convention center hotel for the benefit of polk county, iowa.

5000 Westown Parkway Ste 400West Des Moines, IA 50266

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

92nd percentile

0.97x

Higher debt load relative to assets than 92% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2024

Liabilities / Revenue

92nd percentile

3.97x

Higher debt load relative to revenue than 92% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2024

Net Margin

27th percentile

-2.0%

Higher net margin than 27% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2024

Top Officer Pay

7th percentile

$0

Higher top officer pay than 7% of similar nonprofits.

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

501(c)3 • $50M-$100M nonprofits • Source year 2024

Asset Growth

14th percentile

-4.3%

Faster asset growth than 14% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Annualized from 2022 to 2024

Revenue Growth

41st percentile

4.1%

Faster revenue growth than 41% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Annualized from 2022 to 2024

Balance Sheet
Liabilities / Assets92nd percentile

Assets

Down

$95,935,817

Down $7,093,703 (-6.9%) from 2023

Liabilities

Down

$93,440,802

Down $4,492,047 (-4.6%) from 2023

Net Assets

Down

$2,495,015

Down $2,601,656 (-51%) from 2023

Operations
Liabilities / Revenue92nd percentileNet Margin27th percentile

Revenue

Down

$23,537,276

Down $589,469 (-2.4%) from 2023

Expenses

Up

$24,010,420

Up $1,256,729 (+5.5%) from 2023

Net Income

Down

-$473,144

Down $1,846,198 (-134%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth14th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$150M$100M$50M$0-$50MAssets 2015: $1Liabilities 2015: $0Net Assets 2015: $02015Assets 2016: $3,226Liabilities 2016: $620,496Net Assets 2016: -$617,2702016Assets 2017: $6,462Liabilities 2017: $681,388Net Assets 2017: -$674,9262017Assets 2018: $112,582,696Liabilities 2018: $94,937,662Net Assets 2018: $17,645,0342018Assets 2019: $108,611,835Liabilities 2019: $98,138,900Net Assets 2019: $10,472,9352019Assets 2020: $102,427,316Liabilities 2020: $103,177,526Net Assets 2020: -$750,2102020Assets 2021: $103,529,195Liabilities 2021: $104,153,236Net Assets 2021: -$624,0412021Assets 2022: $104,696,364Liabilities 2022: $100,914,811Net Assets 2022: $3,781,5532022Assets 2023: $103,029,520Liabilities 2023: $97,932,849Net Assets 2023: $5,096,6712023Assets 2024: $95,935,817Liabilities 2024: $93,440,802Net Assets 2024: $2,495,0152024

Highlighted filing

2024

Assets$95,935,817
Liabilities$93,440,802
Net Assets$2,495,015
Open 2024 Filing

Operations Trend

Revenue Growth41st percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$40M$20M$0-$20MRevenue 2015: $20,934Expenses 2015: $20,934Net Income 2015: $02015Revenue 2016: $0Expenses 2016: $296,537Net Income 2016: -$296,5372016Revenue 2017: $0Expenses 2017: $57,656Net Income 2017: -$57,6562017Revenue 2018: $34,457,975Expenses 2018: $14,730,292Net Income 2018: $19,727,6832018Revenue 2019: $20,403,080Expenses 2019: $23,331,723Net Income 2019: -$2,928,6432019Revenue 2020: $7,998,002Expenses 2020: $17,194,423Net Income 2020: -$9,196,4212020Revenue 2021: $16,531,928Expenses 2021: $18,297,914Net Income 2021: -$1,765,9862021Revenue 2022: $21,731,284Expenses 2022: $21,136,960Net Income 2022: $594,3242022Revenue 2023: $24,126,745Expenses 2023: $22,753,691Net Income 2023: $1,373,0542023Revenue 2024: $23,537,276Expenses 2024: $24,010,420Net Income 2024: -$473,1442024

Highlighted filing

2024

Revenue$23,537,276
Expenses$24,010,420
Net Income-$473,144
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$95,935,817
Liabilities
$93,440,802
Net assets
$2,495,015
Revenue
$23,537,276
Expenses
$24,010,420
Net income
-$473,144
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$95.9$93.4$2.50$23.5$24.0$0.47
2023Detailed filing. Detailed filing data is available for this year.$103$97.9$5.10$24.1$22.8$1.37
2022Detailed filing. Detailed filing data is available for this year.$105$101$3.78$21.7$21.1$0.59
2021Detailed filing. Detailed filing data is available for this year.$104$104$0.62$16.5$18.3$1.77
2020Detailed filing. Detailed filing data is available for this year.$102$103$0.75$8.00$17.2$9.20
2019Detailed filing. Detailed filing data is available for this year.$109$98.1$10.5$20.4$23.3$2.93
2018Detailed filing. Detailed filing data is available for this year.$113$94.9$17.6$34.5$14.7$19.7
2017Detailed filing. Detailed filing data is available for this year.$0.01$0.68$0.67$0.00$0.06$0.06
2016Detailed filing. Detailed filing data is available for this year.$0.00$0.62$0.62$0.00$0.30$0.30
2015Summary only. Only limited summary data is available for this year.$0.00$0.00$0.00$0.02$0.02$0.00
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 14, 2025
Return Version
2024v5.2
Gross Receipts
$23,648,401
Mission and Program Overview

Mission

The corporation has been formed to facilitate the construction, acquisition and operation of a convention center hotel for the benefit of polk county, iowa.

Aquisition and operation of a convention center hotel for the benefit of polk county, iowa.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$85,898,129$79,139,049▼ $6,759,080
Savings and Temporary Cash Investments$14,666,230$14,353,995▼ $312,235
Accounts Receivable$1,255,349$1,198,075▼ $57,274
Investments Other Securities$817,586$711,848▼ $105,738
Prepaid Expenses and Deferred Charges$328,700$471,149▲ $142,449
Inventories for Sale or Use$63,526$61,701▼ $1,825
Total Assets$103,029,520$95,935,817▼ $7,093,703
Liabilities
Tax Exempt Bond Liabilities$78,736,200$75,290,158▼ $3,446,042
Other Liabilities$14,555,956$13,237,034▼ $1,318,922
Accounts Payable and Accrued Expenses$3,963,886$4,418,795▲ $454,909
Deferred Revenue$676,807$494,815▼ $181,992
Total Liabilities$97,932,849$93,440,802▼ $4,492,047
Net Assets / Fund Balance
Net Assets With Donor Restrictions$8,531,143$8,773,318▲ $242,175
Net Assets Without Donor Restrictions$-3,434,472$-6,278,303▼ $2,843,831
Total Net Assets Fund Balance$5,096,671$2,495,015▼ $2,601,656
Total Liabilities and Net Assets / Fund Balance$103,029,520$95,935,817▼ $7,093,703

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$78,807,322$23,060,404$101,867,726
Equipment$210,086$45,396$255,482
Other Land Buildings$121,641$87,021$208,662
Compensation and Service Providers
Top Officer Pay7th percentile

Board Members and Trustees

NameTitle
Gerard D NeugentPresident
Michael GallowayVice President
Annette RenaudDirector
Grant FriesthDirector
Mark WandroDirector
Adam KaduceSecretary
Allen MckinleyTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Hilton Management LLCHotel Management7930 JONES BRANCH DR, Mclean, VA 22102$1,254,371
Towne Park LLCValet/shuttle ServicesPO BOX 79349, Baltimore, MD 21279-0349$591,760
Genesis LaundryLaundry Services1805 W 2ND AVE, Indianola, IA 50125-2145$562,081
Encore Group (usa) LLCAv Services23918 NETWORK PLACE, Chicago, IL 60673-1239$301,606
Xclusive Services LLCLeased LaborDEPT 915 PO BOX 4458, Houston, TX 77210$199,132
Revenue and Support

Revenue Composition

Contributions and Grants
$1,887,180
Program Service Revenue
$21,311,257
Investment Income
$338,839
Other Revenue
$0
All Other Contributions
$200,000
Change in Net Assets
$-473,144

Audited Revenue Reconciliation

Revenue per Audited Statements
$23,537,276
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$-105,739
Total Revenue per Audited Statements
$23,431,537
Total Revenue per Form 990
$23,537,276
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$24,010,420
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
Depreciation Depletion-$3,470,691-$3,470,691
Interest-$3,222,538-$3,222,538
Advertising$2,378,542--$2,378,542
Fees for Services Management$1,254,371$189,772-$1,444,143
Occupancy$1,441,844--$1,441,844
Information Technology$404,029--$404,029
Insurance$332,526$7,643-$340,169
Other Expenses$3,115,195$284,156-$284,156
All Other Expenses-$87,118-$87,118
Fees for Services Legal-$13,962-$13,962
Total Functional Expenses$15,643,935$8,366,485$0$24,010,420

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$24,010,420
Total Expenses per Audited Statements$24,010,420
Total Expenses per Form 990$24,010,420
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
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Polk County$11,466,412
Due to Manager$1,650,000
Lease Liability$120,622

Bond Issues

BondIssuerIssuedIssue PricePurpose
AIec Hotel Corporation2018-03-21$67,750,000HOTEL ACQUISITION
CIec Hotel Corporation2018-03-21$16,305,000HOTEL ACQUISITION
BIec Hotel Corporation2018-03-21$7,351,000HOTEL ACQUISITION

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$67,750,000$50,000$15,233,845$1,649,629
C$16,305,000--$380,575
B$7,351,000-$882,000$380,530

Bond Financing Compliance

No rebate due
Yes
Rebate not yet due
No
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
No
Corrective action procedures
Yes
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

“The organization entered into a qualified management agreement with hilton management llc to manage the operations of the convention center hotel.”

Form 990, Part VI, Section A, Line 7A

“Up to five directors shall be appointed by, and serve at the pleasure of, polk county, iowa, and up to two directors shall be appointed by, and serve at the pleasure of, the city of des moines, iowa, provided, however, that such city-appointed directors shall also be subject to the approval of polk county, iowa. The county shall have the power, exercisable upon petition and order of the iowa district court, to remove any director for cause and appoint such director's successor.”

Form 990, Part VI, Section A, Line 7B

“To be effective, the amendment of the bylaws requires the consent of polk county, iowa.”

Form 990, Part VI, Section A, Line 8B

“There are no committees with broad authority to act on behalf of the governing body.”

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

“A copy of the return is provided to the president and legal to review prior to filing the return.”

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

“The organization's conflict of interest policy applies to all directors. Individuals must disclose any interests that could result in a conflict. If a potential conflict exists, the interested person leaves the board or committee meeting while the remaining members discuss and vote on whether a conflict of interest exists. If a conflict is determined, the interested person may make a presentation regarding the proposed transaction or arrangement but must leave the meeting during the discussion and vote on the matter. The chair may appoint a disinterested party to explore alternatives. After due diligence, the disinterested members decide if the transaction is in the organization's best interest, fair, and reasonable before proceeding.”

Form 990, Part VI, Section B, Line 15

“Directors and officers serve without compensation. There are currently no other employees.”

Form 990, Part VI, Section C, Line 19

“Documents are available upon request.”

Filing and Contact Details

Filer

Filer Name
Iec Hotel Corporation
EIN
47-4344802
Phone
5152225201
Address
5000 WESTOWN PARKWAY STE 400, WEST DES MOINES, IA 50266

Signing Officer

Name
Gerard D Neugent
Title
President
Phone
5152225201
Signed
2025-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Gerard D Neugent
Formed
2015
Legal Domicile
Ia
Voting Board Members
7
Independent Board Members
7
Employees
0
Volunteers
7

Preparer

Firm
Eide Bailly Llp
Address
800 NICOLLET MALL STE 1300, MINNEAPOLIS, MN 55402-7033
Preparer
Deb Nelson CPA
Phone
6122536500
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

“Prior period adjustment - restatement of beginning balances -2,022,773.”

Raw XML AppendixShowing 400 of 640 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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IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
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IRS990/FormationYr02015
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IRS990/FSAuditedInd01
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IRS990/GamingActivitiesInd00
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IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt023648401
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
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IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InformationTechnologyGrp/ProgramServicesAmt0404029
IRS990/InformationTechnologyGrp/TotalAmt0404029
IRS990/InsuranceGrp/ManagementAndGeneralAmt07643
IRS990/InsuranceGrp/ProgramServicesAmt0332526
IRS990/InsuranceGrp/TotalAmt0340169
IRS990/InterestGrp/ManagementAndGeneralAmt03222538
IRS990/InterestGrp/TotalAmt03222538
IRS990/InventoriesForSaleOrUseGrp/BOYAmt063526
IRS990/InventoriesForSaleOrUseGrp/EOYAmt061701
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IRS990/LandBldgEquipCostOrOtherBssAmt0102331870
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IRS990/MembersOrStockholdersInd00
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IRS990/MinutesOfCommitteesInd00
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE CORPORATION HAS BEEN FORMED TO FACILITATE THE ACQUISITION AND OPERATION OF A CONVENTION CENTER HOTEL FOR THE BENEFIT OF POLK COUNTY, IOWA.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
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IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0-105739
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IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0-6278303
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt01441844
IRS990/OccupancyGrp/TotalAmt01441844
IRS990/OfficerMailingAddressInd00
IRS990/OnBehalfOfIssuerInd01
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt0-2022773
IRS990/OtherExpensesGrp/Desc0HOTEL OPERATIONS
IRS990/OtherExpensesGrp/Desc1ADMINISTRATIVE & GENERA
IRS990/OtherExpensesGrp/Desc2CITY IRA PAYMENTS
IRS990/OtherExpensesGrp/Desc3DISTRIBUTION TO OPERATO
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt01605
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt11089000
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt2284156
IRS990/OtherExpensesGrp/ProgramServicesAmt06717428
IRS990/OtherExpensesGrp/ProgramServicesAmt13115195
IRS990/OtherExpensesGrp/TotalAmt06717428
IRS990/OtherExpensesGrp/TotalAmt13116800
IRS990/OtherExpensesGrp/TotalAmt21089000
IRS990/OtherExpensesGrp/TotalAmt3284156
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IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0328700
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0471149
IRS990/PrincipalOfficerNm0GERARD D NEUGENT
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IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt019224696
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt11591236
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2495325
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt11591236
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2495325
IRS990/ProhibitedTaxShelterTransInd00
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IRS990/PYGrantsAndSimilarPaidAmt00
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IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt021782834
IRS990/PYRevenuesLessExpensesAmt01373054
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IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt024126745
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-473144
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt021311257
IRS990/SavingsAndTempCashInvstGrp/BOYAmt014666230
IRS990/SavingsAndTempCashInvstGrp/EOYAmt014353995
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt01887180
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt01887220
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt01935426
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt03592955
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0755000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt010057781
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0449964
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0456691
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0115535
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt02332
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt020720
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt01045242
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt043094091
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.83580
IRS990ScheduleA/PublicSupportPY170Pct00.85810
IRS990ScheduleA/PublicSupportTotal170Amt09279841
IRS990ScheduleA/SubstantialContributorsTotAmt0777940
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt01887180
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt01887220
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt01935426
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt03592955
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0755000
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt010057781
IRS990ScheduleA/TotalSupportAmt011103023
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt078807322
IRS990ScheduleD/BuildingsGrp/DepreciationAmt023060404
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0101867726
IRS990ScheduleD/EquipmentGrp/BookValueAmt0210086
IRS990ScheduleD/EquipmentGrp/DepreciationAmt045396
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0255482
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt024010420
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0-105739
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0121641
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt087021
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0208662
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt011466412
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt11650000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt2120622
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO POLK COUNTY
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1DUE TO MANAGER
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2LEASE LIABILITY
IRS990ScheduleD/RevenueNotReportedAmt0-105739
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt023537276
IRS990ScheduleD/TotalBookValueLandBuildingsAmt079139049
IRS990ScheduleD/TotalExpensesPerForm990Amt024010420
IRS990ScheduleD/TotalLiabilityAmt013237034
IRS990ScheduleD/TotalRevenuePerForm990Amt023537276
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IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt024010420
IRS990/ScheduleJRequiredInd00
IRS990ScheduleK/ProceduresCorrectiveActionGrp/BondReferenceCd0A
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IRS990ScheduleK/ProceduresCorrectiveActionGrp/ProceduresCorrectiveActionInd11
IRS990ScheduleK/ProceduresCorrectiveActionGrp/ProceduresCorrectiveActionInd21
IRS990ScheduleK/SupplementalInformationDetail/ExplanationTxt0ISSUER NAME: IEC HOTEL CORPORATION DATE THE REBATE COMPUTATION WAS PERFORMED: 03/10/2023 ISSUER NAME: IEC HOTEL CORPORATION DATE THE REBATE COMPUTATION WAS PERFORMED: 03/10/2023 ISSUER NAME: IEC HOTEL CORPORATION DATE THE REBATE COMPUTATION WAS PERFORMED: 03/10/2023
IRS990ScheduleK/SupplementalInformationDetail/ExplanationTxt1$30,000,000 OF THE BOND A ISSUANCE PROCEEDS IS AN OUTSTANDING INTEREST RATE SWAP HEDGING DERIVATIVE INSTRUMENT.
IRS990ScheduleK/SupplementalInformationDetail/FormAndLineReferenceDesc0DATE REBATE COMPUTATION PERFORMED
IRS990ScheduleK/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE K, PART IV, ARBITRAGE, LINE 4A:
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/BondReferenceCd1B
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IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInGICInd20
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/HedgeIdentifiedInBksAndRecInd01
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/HedgeIdentifiedInBksAndRecInd11
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IRS990ScheduleK/TaxExemptBondsArbitrageGrp/HedgeTerminatedInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/HedgeTerminatedInd10

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