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REGIONAL ECONOMIC DEVELOPMENT

OTTUMWA, IAEIN: 42-1359539

Data sourced from IRS 990 public filings

REGIONAL ECONOMIC DEVELOPMENT 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.

Annual Revenue

$66,597

Known Funders

0

Grants Received

0

Financial History

YearRevenueExpensesAssets
2023$66,597$23,160$2,373,890
2022$51,147$16,768$2,325,361
2021$387,034$195,730$2,310,170
2020$830,317$100,207$2,112,931
2019$38,237$57,416$1,369,568
2018$83,927$221,562$1,390,044
2017$664,921$741,586$1,527,483
2015$18,845$72,231$832,589

Top Funders

No funder data available yet for this nonprofit.

Key Personnel

From 2023 IRS 990 filing

M

MATT GREINER

MEMBER

M

MARK GROENENDYK

MEMBER

M

MIKE HADLEY

CHAIRMAN

Officer
J

JOHN HELGERSON

MEMBER

J

JIM MORLAN

MEMBER

L

LEE DIMMITT

MEMBER

E

EMILY STARNES

MEMBER

B

BRYAN ZIEGLER

TREASURER

Officer
D

DAVE HENDERSON

MEMBER

D

DALE HOUSE

VICE-CHAIRMAN

Officer

Showing 10 of 19 key personnel.

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