NonprofitsRegional Economic Development Investments Inc

Community Improvement & Capacity Building

Regional Economic Development Investments Inc

OTTUMWA, IA

Total revenue

$67K

Total expenses

$23K

Net assets

$2.4M

Grants received

EIN

421359539

Tax year

2023

Mission

Administration of a revolving loan fund. Our mission is to provide loans to businesses in the area by issuing gap financing in order to leverage loans from banks and grants from the state. Our objective is to use these loans to increase the employment base in the area. In addition, we also provided forgivable loans to businesses in wapello county, these forgivable loans are made in order to increase business and employment in the area.

Financials

FY 2023

Revenue

Contributions & grants
Program service revenue$54K
Investment income$630
Other revenue$12K
Total revenue$67K

Expenses

Grants paid
Salaries & benefits
Fundraising
Other expenses$23K
Total expenses$23K
Total assets$2.4M
Net assets$2.4M

People

10 listed

NameRoleCompensation

DALE HOUSE

VICE-CHAIRMAN

Board

1 hrs/wk

MATT GREINER

MEMBER

Board

1 hrs/wk

MARK GROENENDYK

MEMBER

Board

1 hrs/wk

MIKE HADLEY

CHAIRMAN

Board

1 hrs/wk

JOHN HELGERSON

MEMBER

Board

1 hrs/wk

JIM MORLAN

MEMBER

Board

1 hrs/wk

LEE DIMMITT

MEMBER

Board

1 hrs/wk

EMILY STARNES

MEMBER

Board

1 hrs/wk

BRYAN ZIEGLER

TREASURER

Board

1 hrs/wk

DAVE HENDERSON

MEMBER

Board

1 hrs/wk

Details

EIN421359539
NTEE codeS31Z
Subsection03
Ruling date1993-02
Formed1990
Employees0
Volunteers0